EIZO Corporation · TSE:6737
EIZO — FY2007 Earnings Presentation
13 slides from EIZO's earnings presentation, May 2008
Slide 1: Consolidated Financial Highlights
Consolidated Financial Highlights Fiscal Year Ended Mar. 31, 2008 (6737)
Slide 2: Disclaimer Regarding Forward-looking Statements
Disclaimer Regarding Forward-looking Statements Any statements in this document, other than those of historical fact, are forward-looking statements about the future performance of Eizo and its group companies, which are based on management’s assumptions and beliefs in light of information currently
Slide 3: Consolidated Statements of Income
1. Consolidated Statements of Income (millions of JPY ) 06F to 07F 07F to 08F 06F 07F 08F Plan change change (%) (%) (%) Amount Amount Amount Amount Amount Net Sales 95,611 100.0 89,307 100.0 - 6,303 91,000 100.0 1,692 Cost of Goods Sold 70,600 73.8 65,529 73.4 - 5,070 67,300 74.0 1,770 Gross Profit
Slide 4: Net Sales by Products
2. Net Sales by Products billions of JPY Others 120.0 Amusement Monitors Change Change Computer Monitors Change -6.6% 1.9% 100.0 95.6 89.3 91.0 85.0 12.4% 5.1 5.2 6.5 80.0 5.2 30.3 51.1 38.4 60.0 43.5 40.0 54.2 20.0 39.3 45.5 36.2 0.0 05F 06F 07F 08FPlan Consolidated Financial Highlights 3 Fiscal Ye
Slide 5: Net Sales (Computer Monitors)
3. Net Sales (Computer Monitors) billions of JPY Change 60.0 18.9% Change 50.0 Change 15.9% 8.5% 40.0 30.0 54.2 45.5 20.0 39.3 36.2 10.0 0.0 05F 06F 07F 08FPlan Consolidated Financial Highlights 4 Fiscal Year Ended Mar. 31, 2008 © 2008 EIZO NANAO CORPORATION. All Rights Reserved.
Slide 6: Net Sales (Amusement Monitors)
4. Net Sales (Amusement Monitors) billions of JPY 60.0 Change 17.3% 50.0 Change -24.8% 40.0 Change -21.2% 30.0 51.1 20.0 43.5 38.4 30.3 10.0 0.0 05F 06F 07F 08FPlan Consolidated Financial Highlights 5 Fiscal Year Ended Mar. 31, 2008 © 2008 EIZO NANAO CORPORATION. All Rights Reserved.
Slide 7: Net Sales (LCD TVs)
5. Net Sales (LCD TVs) billions of JPY 1.4 Change 1.2 25.8% Change Change 11.7% 1.0 61.2% 0.8 0.6 1.2 0.9 0.4 0.8 0.5 0.2 0.0 05F 06F 07F 08FPlan Consolidated Financial Highlights 6 Fiscal Year Ended Mar. 31, 2008 © 2008 EIZO NANAO CORPORATION. All Rights Reserved.
Slide 8: Net Sales (Direct Sales)
6. Net Sales (Direct Sales) billions of JPY Change 9.0 25.6% 8.0 Change 7.0 27.2% Change 6.0 26.7% 5.0 4.0 8.2 3.0 6.5 5.1 2.0 4.0 1.0 0.0 05F 06F 07F 08FPlan Consolidated Financial Highlights 7 Fiscal Year Ended Mar. 31, 2008 © 2008 EIZO NANAO CORPORATION. All Rights Reserved.
Slide 9: Selling, general and administrative expenses
7. Selling, general and administrative expenses billions of JPY R&D Expenses Amortization of "Technology & Software" Intangible amortization Advertising Expenses Others SG&A/Net Sales 20.0 17.1% 16.6% 18.0% 18.0 16.0% 14.0% 16.0 13.0% 15.3 15.1 14.0% 14.0 13.3 Change Change 12.0% 12.0 11.1 Change 14
Slide 10: Operating Income
8. Operating Income billions of JPY Actual Plan Operating Income/Net Sales 14.0% 14.0 14.0% 12.2% 12.0 12.0% Change 9.5% 10.0 9.5% 10.0% -1.9% Change Change 8.0 8.0% -27.3% 1.5% 6.0 11.8 11.6 6.0% 4.0 8.4 8.6 4.0% 2.0 2.0% 0.0 0.0% 05F 06F 07F 08F Plan ROA (%) 17.1 14.9 10.7 11.2 ROE (%) 15.9 14.6 7
Slide 11: R&D Expenses
9. R&D Expenses billions of JPY Actual Plan R&D Expenses/Net Sales 6.0 5.5% 5.8% 6.0% 5.0 4.4% Change 5.0% 4.5% Change 6.6% 4.0 Change 4.0% 17.7% 3.0 9.8% 3.0% 4.9 5.2 2.0 3.8 4.1 2.0% 1.0 1.0% 0.0 0.0% 05F 06F 07F * 08FPlan Number of R&D staff 05F 06F 07F 08F Plan (end of fiscal year) 338 415 485 5
Slide 12: CAPEX
10. CAPEX billions of JPY 6.0 CAPEX Molding Investment Depreciation Depreciation for Molding 5.0 0.7 4.0 3.0 0.6 4.6 0.6 2.0 0.7 0.6 0.5 0.5 0.7 2.6 1.0 1.6 1.2 1.8 1.8 2.2 1.2 0.0 05F 06F 07F 08FPlan Consolidated Financial Highlights 11 Fiscal Year Ended Mar. 31, 2008 © 2008 EIZO NANAO CORPORATION.
Slide 13: Dividend
11. Dividend JPY share 100 Year-end Dividend 41.0% 35.7% 40.0% 90 Interim Dividend Dividend Payout Ratio (consolidated base) 36.0% 80 Annual Dividend 32.0% 70 28.0% 60 40 40 24.0% 20.6% 50 17.5% 20.0% 14.4% 40 40 11.3% 30 80 80 16.0% 30 9.5% 25 70 12.0% 20 55 40 40 8.0% 20 40 25 30 10 7.5 30 4.0% 15