Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2009 Earnings Presentation
17 slides from Hirose Electric's earnings presentation, Aug 7, 2009
Slide 1: Business Results for First Quarter, FY2009
Business Results for First Quarter, FY2009 Creative Links to World Electronics August 7th, 2009 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 1Q FY2009
Business Situation of 1Q FY2009 [Business Situation of FY2008] • Until 2Q, both orders and sales were increasing quite steadily. • From 3Q, the orders from set manufacturers, business companies and agencies have dropped in almost the entire field, regardless of domestic/overseas, application and fie
Slide 4: FY2009 (Jan-Jun) Orders and Sales Changes
FY2009（Jan-Jun) Orders and Sales Changes (Domestic Consolidation Basis, Index Number) [Setting September 2008 as 100] 120 100 Orders 100 Sales 80 67 60 60 61 60 61 46 57 45 55 51 40 42 43 20 2008/Sep 2009/Jan Feb Mar Apr May Jun 4
Slide 5: Orders and Sales Changes by Markets
FY2009(Jan-Jun) Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) <Mobile> <Digital Consumer Electric> <Automotive> 120 120 120 110 100 100 100 100 100 100 88 84 81 77 80 80 80 69 67 Order 60 58 59 60 55 53 60 60 52 Sale 50 63 47 59 44 56 54 56 52 40 48 40 51 49 40 39
Slide 6: Business Results for First Quarter, FY2009
Business Results for First Quarter, FY2009 (hundred millions of Yen) (A)FY2008 (B)FY2009 (B)-(A) (B)/(A) Major Changes over the prior same 1Q 1Q period (hundred millions of Yen) [Sales] 81.2 decrease Foreign Domestic Subsidiaries HST Sales 261.2 180.0 -81.2 -31.1% -81.0 -3.8 3.6 (COGS Ratio) (55.0%)
Slide 7: Sales and Profits by Quarter
Sales and Profits by Quarter (hundred millions of Yen) 500 50% 40% 400 30.5% 28.8% Sales 30% 20.1% 21.8% 300 289.2 20% 261.2 Ordinary Profits 203.3 10% 200 2.4% 180.0 Profit 145.0 Ratio 24.2%UP 0% 100 88.3 75.2 11 -10% 40.8 times 39.3 0 3.5 -20% FY2008.1Q FY2008.2Q FY2008.3Q FY2008.4Q FY2009.1Q FY20
Slide 8: Changes In Consolidated Balance Sheet
Changes In Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2009 (B)Jun 30, 2009 (B)-(A) Remarks Cash and Cash in Bank 1,177.3 1,200.1 22.8 Increase in domestic subsidiaries, and also increased by the newly consolidated HST. Trade 186.9 191.4 4.5 Increase in Sales(4Q 2008 144.
Slide 9: Changes In Consolidated Balance Sheet
Changes In Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2009 (B)Jun 30, 2009 (B)-(A) Remarks Notes Payables and 68.0 90.5 22.5 Purchase increase due to Sales Accounts increase Income Tax Payables, etc. 25.9 17.0 -8.9 Tax Payment Others 56.0 61.3 5.3 Increase in Accounts Pa
Slide 10: Cash Flow
Cash Flow (hundred millions of Yen) (A)FY2008 1Q (B)FY2009 1Q Main Changes Cash Flows from 52.5 61.1 Pre-Tax Net Income 39.2 Operating Activities Depreciation 17.3 Accounts Payables Increas 18.6 Corporation Tax -23.4 Increase of time deposit Cash Flows from -125.4 -62.0 over 3 months period -30.4 In
Slide 11: Sales Ratio by Markets
Sales Ratio by Markets（in round numbers） FA Controling Others Equipment 1% 19% FA Controling Equipment *2 Wireless 3% Communicatio Wireless Others Mobile Phone Communicati 20% n 3% 36% on 5% Mobile Phone 32% Office Machinery 3% FY2009 Office FY2008 Machinery 4% Associated 1Q 1Q Electric Digital Asso
Slide 12: Sales Changes by Markets
Sales Changes by Markets （in round numbers） 24%down FY2008 1Q FY2009 1Q 28%down 27%down Computer Notebook Cable Associated Office Wireless FA Controlling Mobile Digital Automotive Related PC Electronic Communication Machinery Communication Equipment Phone Consumer Equipment Equipment Electronics *2
Slide 13: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 60 60 60 56 52 Overseas 50 46 47 Sales Ratio 42 40 36 34 34 30 31 30 Overseas Production 20 Ratio 10 0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2009 1Q FY2009 FY2009 1Q (Plan) Plan 13
Slide 14: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change 120 （hundred millions of Yen） 60.0 (%) H19年度税制改正に伴う Capital 100 50.0 減価償却費増 約14億円 92 Investment 90 89 90 (対売上比1.2％) 80 77 40.0 70 7075 Depreciation 66 60 30.0 40 20.0 Investment Ratio 7.8 10.0 9.1 7.8 7.4 20 10.0 13 9 Depreciation 7.3 8.2 6.1 7.5 H19年 5.0 R
Slide 15: Business Forecast For the Year Ended March 31, 2010
Business Forecast For the Year Ended March 31, 2010 note)First Half indicates 1Q and 2Q, Second Half indicates 3Q and 4Q (hundred millions of Yen) 中間期 First Half 下期 中間期 下期Half Second For中間期 the 年間 Year FY2008 (Actual) FY2009 (Forecast) Over the Previous Actual Amount Over the Previous Actual Amount
Slide 16: Establishment of Kohoku Center (tentatively named)
OPIX Establishment of Kohoku Center (tentatively named) (Yokohama Kohoku New Town) T 1. Purpose of Establishment Currently the department of Product Developing, Production Engineering, Sales and Marketing are dispersed around within Yokohama and Tokyo. With the new engineering center, we will integr
Slide 17: Establishment of Kohoku Center (tentatively named) (Yokohama Kohoku New Town)
Establishment of Kohoku Center (tentatively named) (Yokohama Kohoku New Town) 6．Location 7．Outline 1. Building Gotanda Kohoku Center Structure Steel-Framed Ferroconcrete（SRC） (tentatively named) Story 6 stories above ground level, 1 beneath（30.68m） Premise space 5,710.76㎡ Building space 3,458.62㎡ Yo