Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2013 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Nov 1, 2013
Slide 1: Business Results of Second Quarter, FY2013
Business Results of Second Quarter, FY2013 Creative Links to World Electronic Nov 1st, 2013 Hirose Electric Co.,Ltd 1
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward- looking statements. Thank
Slide 3: Business Situation of 2Q FY2013
Business Situation of 2Q FY2013 [1Q FY2012 (Apr – Jun)] • 1Q : Good trend in Korean and Chinese Smartphone/Mobile market and Automotive market. And although the trend is not strong, Industrial market shows a sign of recovery. [2Q FY2013 (Jul – Sep)] • Industrial and Automotive market had maintained
Slide 4: Orders and Sales, All Connectors (Index Number)
FY2012 1Q – FY2013 Sep Orders and Sales (Consolidated Basis, Index Number) All Connectors Good trend in Smartphone, Automotive, 160 and Industrial Adjustment in Chinese Smartphone Order 140 136 136 137 Sales 130 124 124 136 135 129 126 120 122 121 107 100 101 104 96 100 Average of FY2012 = 100 99 98
Slide 5: Sales by Markets: Smartphone / Mobile
FY2012 1Q – FY2013 Sep Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 180 169 170 156 155 160 145 137 140 Good trend in Korean 121 Smartphone 120 108 Adjustment in Chinese Smartphone 100 Average of FY2012 = 100 82 90 80 60 1Q 2Q 3Q 4Q Apr May Jun Jul Aug Sep FY2012 FY2013 Sa
Slide 6: Sales by Markets: Automotive
FY2012 1Q – FY2013 Sep Sales by Markets (Consolidated Basis, Index Number) Automotive 140 Steady progress in both domestic and 134 overseas Impacted by domestic 130 automotive manufacturers 124 reducing production due to the boycott of Japanese 119 118 120 goods in China 118 114 110 104 104 101 100
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, and Others
FY2012 1Q – FY2013 Sep Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others Steady progress 150 Sign of 140 Recovery 135 130 126 124 119 120 120 115 110 103 98 99 100 100 Average of FY2012 = 100 90 Sluggish order via distributors, etc.
Slide 8: Business Results for 2Q FY2013
Business Results for 2Q FY2013 (hundred millions of Yen) (A)FY2012 (B)FY2013 (B)-(A) (B)/(A) Major changes over prior same period 1Q & 2Q 1Q & 2Q (unit: hundred millions of Yen) 580.0 Sales 467.7 616.7 149.0 31.8% [Sales] 149.0 increase (COGS Ratio) (56.5%) (54.0%) (-2.5%) Hirose Subsiediaries (SGA
Slide 9: Half-Yearly Sales and Profits
Half-Yearly Sales and Profits (hundred millions of Yen) 800.0 40.0% 700.0 28.2% 29.6% 616.7 30.0% 25.0% 24.5% Sales 600.0 22.3% 20.8% 18.9% 475.4 491.8 491.7 20.0% 500.0 456.1 467.7 Recurring 449.0 Profit 400.0 10.0% Recurring 300.0 Profit Ratio 0.0% 182.7 200.0 134.1 123.0 109.5 114.4 93.3 86.2 -10
Slide 10: Sales by Market (round number) [Consolidated Basis]
Sales by Market (round number) [Consolidated Basis] FA Controlling Equipment 2% FA Office Controlling Smartphone/ Machinery 2% Others Equipment Mobile Phone 3% Smartphone/ 20% Mobile 38% Office Others Phone Machinery 22% Cable 28% 3% Communicatio n 3% FY2013 Cable FY2012 1H Communicat ion 3% 1H Auto
Slide 11: Sales Changes by Markets (round number) [Consolidated Basis]
Sales Changes by Markets (round number) [Consolidated Basis] 40 81%up FY2012 First Half 24%up 17%up FY2013 First Half 43%up 0 Notebook Computer Wireless Office FA Smartphone Industrial Controlling PC Related Communication Machinery /Mobile and others Equipment Digital Equipment *2 Phone Consumer *1
Slide 12: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 72 70 66 60 61 60 56 59 50 Overseas 50 47 Sales Ratio 41 40 36 32 Overseas 30 32 Production Ratio 20 10 0 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 H25.中間 First Half 12
Slide 13: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2013 (B) Sep 30, 2013 (B) - (A) Remark Cash and Cash in Bank 1,157.0 1,217.0 60.0 Increase in Hirose Japan and overseas subsidiaries, etc. Trade Receivables 241.9 288.8 46.9 Increase due to sales increase Inventories
Slide 14: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2013 (B) Sep 30, 2013 (B) - (A) Remark Notes Payable and Account 108.0 124.5 16.5 Increase increase due to production Payable Income Taxes Payable 38.9 60.6 21.7 Increase in deferred tax liabilities, Others 111.2 120
Slide 15: Capital Investment and Depreciation Change (Consolidated Basis)
Capital Investment and Depreciation Change (Consolidated Basis) Previous (hundred millions of Yen) 130 140 ↓ Previous 40.0 (%) 120 110 ↓ Capital 120 111 35.0 Investment 105 30.0 100 88 Depreciation 81 81 25.0 80 70 68 66 20.0 Capital 60 Investment 46 15.0 11.6 10.1 10.7 Ratio 40 9.3 7.6 10.0 Depreci
Slide 16: Number of Employees (Financial Report Basis)
Number of Employees (Financial Report Basis) (Employees) 6000 5020 5000 4478 3865 3945 Overseas 4000 3512 3000 4010 3477 Domestic 2794 2923 2430 2000 1000 1082 1071 1022 1010 1001 0 2010 Mar 2011 Mar 2012 Mar 2013 Mar 25年9月 2013 Sep 16
Slide 17: Distribution Shareholders
Distribution Shareholders 100% 10.95 11.76 13.53 13.66 13.96 7.42 7.13 5.98 5.25 6.80 Treasury 80% Stocks Individual and Others 60% 41.43 41.74 38.20 40.38 40.67 Foreign Corporation Other Corporation 40% 12.83 Securities 12.79 12.82 13.56 13.53 Firm 1.32 1.21 1.19 0.32 0.51 Financial 20% Institution
Slide 18: Business Forecast for the Year Ending March 31, 2014 (Consolidated)
Business Forecast for the Year Ending March 31, 2014 (Consolidated) The performance of First half had been strong, and we have upwardly revised the Full year and dividend forecast. (hundred millions of Yen) FY2012 (FY ended Mar 31, 2013) FY2013 (FY ending Mar 31, 2014) First Half For the Year Actual