Optex Group Company Limited · TSE:6914
Optex — Q1 2018 Earnings Presentation
25 slides from Optex's earnings presentation, May 9, 2018
Slide 1: Summary of Consolidated Financial Results for First Quarter of F.Y. 2018
Summary of Consolidated Financial Results for First Quarter of F.Y. 2018 (Jan.1 to Mar.31, 2018) OPTEX GROUP CO., LTD. 2018.05.09
Slide 2: Partial Revision to Main Business Segments
Partial Revision to Main Business Segments F.Y. 2017 F.Y. 2018 Security Sensor Security Sensor segment segment Automatic Door SS Automatic Door SS Sensor segment Business Sensor segment Business EMS Segment （EMS: Electronics Manufacturing （SS : Sensing Solution) Other (Water Quality Measurement Solu
Slide 3: Key Points of Financial Results from 1Q of F.Y. 2018
Key Points of Financial Results from 1Q of F.Y. 2018 ・Net sales increased steadily, +8% year-on-year ・Operating income increased favorably, +10% year-on-year ・The three major businesses performed well. In particular, the FA and MVL businesses were the drivers. Copyright (C) 2018 OPTEX GROUP CO., LTD
Slide 4: Summary of Consolidated Financial Results for First Quarter of F.Y. 2018
Summary of Consolidated Financial Results for First Quarter of F.Y. 2018 Operating Results F.Y. 2017 1Q F.Y.2018 1Q Percent Change (Unit: million yen) (1-3) Results (1-3) Results Change Net sales 9,145 9,844 +699 ＋7.6% Operating income 1,332 1,461 +129 ＋9.7% （Operating income Ratio） （14.6%） （14.8%）
Slide 5: Quarterly performance - Consolidated Net Sales (Year-on-year)
Quarterly performance - Consolidated Net Sales (Year- on-year) 9,906 9,844 9,369 9,145 9,084 2,417 2,552 MVL Business 2,179 2,343 2,083 1,728 1,990 1,911 2,088 FA Business 1,686 SS Business 5,761 EMS Business 5,116 5,200 5,090 5,204 F.Y. 2017 1Q F.Y. 2018 1Q (1-3) Results (1-3) Results 1Q 2Q 3Q 4Q 1
Slide 6: Comparison of Financial Results for the First Quarter between Segments
Comparison of Financial Results for the First Quarter of F.Y. 2018 between Segments Operating F.Y. 2017 1Q(1-3) Results F.Y. 2018 1Q(1-3) Results Results Operating Percent Operating Percent (Unit: Net sales Net sales income Change income Change million yen) （Operating income Ratio） （Operating income
Slide 7: Factors of change in Net Sales (Year-on-year)
Factors of change in Net Sales (Year- on-year) Impact of MVL EMS Exchange Business Business Rate FA Business +144 9,844 +190 -12 +417 SS Business 9,145 -40 F.Y. 2017 Consolidated Net Sales F.Y. 2018 1Q(1-3) Results +¥699 million 1Q(1-3) Results (Unit: million yen) Copyright (C) 2018 OPTEX GROUP CO.,
Slide 8: Factors of change in Operating Income (Year-on-year)
Factors of change in Operating Income (Year- on-year) Impact of Increase in Exchange Rate expenses Sales -231 COS% Up +182 Increase +312 -112 Impact of Exchange Rate -22 1,461 1,332 Selling, general and Gross operating income administrative Expenses F.Y. 2017 Consolidated Operating F.Y. 2018 1Q(1-3)
Slide 9: Business by Segment - SS Business (Security Sensors)
Business by Segment - SS Business(Security Sensors) Region F.Y. 2018 1Q(1-3) Results Sales of outdoor intrusion detectors for security companies were weak, and sales dipped Japan year-on-year. Sales grew year-on-year after brisk sales of outdoor alarm sensors for critical facilities AMERICAs in Nort
Slide 10: Business by Segment - SS Business (Automatic Door Sensors)
Business by Segment - SS Business(Automatic Door Sensors) Region F.Y. 2018 1Q(1-3) Results Sales were down slightly year-on-year, with poor sales of automatic door sensors for Japan large domestic customers. Sales hiked year-on-year as a result of strong sales of automatic door sensors for large AME
Slide 11: Business by Segment - Factory Automation Business
Business by Segment - Factory Automation Business Region F.Y. 2018 1Q(1-3) Results Substantial increase in sales because sales of displacement sensors for semiconductors, Japan secondary batteries, and flat panel displays and in the electronic component industry were strong. Sales of displacement se
Slide 12: Business by Segment - Machine Vision Lighting Business
Business by Segment - Machine Vision Lighting Business Region F.Y. 2018 1Q(1-3) Results An increase in solutions, expansion of areas of sales activities and introduction of new Japan products resulted in sales growth. AMERICAs Sales rose due to large deals for smartphones and continued projects in N
Slide 13: Market Trends Concerning the FA Business and the MVL Business
Market Trends Concerning the FA Business and the MVL Business Markets relating to semiconductors (for automobiles, IoT and AI) and robots expand. ・Semiconductors for systems are as brains are to humans. ・For example, they memorize data and perform numerical calculations. Automobiles IoT AI Robotics
Slide 14: Results by Segment and Region - Progress Rate
Results by Segment and Region - Progress Rate * (Unit: million yen) Segment・Region F.Y. 2018 Annual Forecast F.Y. 2018 1Q(1-3) Results Progress Rate（％） SS Business(Security Sensors) 14,801 3,365 23％ Japan 2,713 466 17％ AMERICAs 2,586 678 26% EMEA 7,670 1,823 24% Asia and Oceania 1,832 398 22% SS Bus
Slide 15: F.Y. 2018 Half-Year Consolidated Earnings Projection
F.Y. 2018 Half-Year Consolidated Earnings Projection No change from the beginning of period plan 20,800 19,700 18,514 18,990 18,024 13,928 13,865 13,161 13,003 2,776 12,517 2,260 2,800 1,965 2,724 2,600 2,161 1,620 1,675 1,529 1,497 1,518 1,423 2,750 1,178 1,632 1,547 1,121 2,550 1,380 1,854 1,750 1
Slide 16: F.Y. 2018 Full-Year and F.Y. 2019 Consolidated Earnings Projection
F.Y. 2018 Full-Year and F.Y. 2019 Consolidated Earnings Projection Our goal: Consolidated net sales of ¥50 billion and operating profit of ¥7.5 billion in 2019 50,000 40,500 37,504 31,027 27,793 5,400 25,678 7,500 23,582 5,036 22,167 20,916 20,699 4,076 17,395 18,502 5,300 15,124 3,043 3,222 3,086 4
Slide 17: https://www.optexgroup.co.jp/en/
https://www.optexgroup.co.jp /en /
Slide 18: Supporting documentation
Supporting documentation Copyright (C) 2018 OPTEX GROUP CO., LTD. 18
Slide 19: Quarterly performance - Consolidated Profit (Year-on-year)
Quarterly performance - Consolidated Profit (Year- on-year) Operating income Ordinary income Profit attributable to owners of parent 1,332 1,392 1,461 1,467 1,309 1,312 1,091 1,070 1,127 1,133 1,010 844 755 777 812 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2017 2016年 2017 2018 2017年 2018 2017 201
Slide 20: Quarterly performance - Consolidated Selling, general and administrative expenses
Quarterly performance - Consolidated Selling, general and administrative expenses (Year- on-year) Others R&D Expense Year-on-year Selling, 3,581 general and administrative 3,266 3,215 3,395 3,197 expenses +6.6% Personnel cost +6.8% Expense +5.5% R&D expense +8.9% 609 649 667 834 663 1Q 2Q 3Q 4Q 1Q 2
Slide 21: Estimated Exchange Rate and Exchange Sensitivity
Estimated Exchange Rate and Exchange Sensitivity Exchange rate F.Y. 2017 F.Y. 2018 (Unit: Yen) （Results） （Plan） JPY/USD 112.19 110 JPY/GBP 144.51 140 JPY/EUR 126.67 125 Impact on our full- F.Y. 2017（Results） F.Y. 2018（Plan） year performance by a-yen Operating Operating appreciation Net sales Net sal
Slide 22: Company Overview
Company Overview Copyright (C) 2018 OPTEX GROUP CO., LTD. 22
Slide 23: Company Overview - Holding Company Structure
Company Overview _ Holding Company Structure Holding Company OPTEX GROUP CO., LTD （Tokyo Stock Exchange Market 1st Section：#6914） CCS Inc. OPTEX CO., LTD. OPTEX FA CO., LTD. （Tokyo Stock Exchange OPTEX MFG CO., LTD. Market “JASDAQ”：#6669） Manufacturing of Group Sales, Development & Sales & Developme
Slide 24: Company Overview - Data
Company Overview _ Data Sales by Product Category Sales by Region Others AMERICAs Automatic 8% 12% Door Sensors 11% Security Asia/Oceania Sensors Factory 37.5 37% 14% 37.5 Japan 42% Automation billion yen billion yen (2017) (2017) 20% LED Lighting for EMEA Image Inspection 32% 24% EMEA : Europe, the
Slide 25: Company Overview - Global Market Share
Company Overview _ Global Market Share Global niche No.1 Security Automatic door Machine vision sensors sensors lighting 40% 30% 30% Intrusion detector Automatic door LED lighting for outdoor sensor for inspection Infrared sensor Sensors for general home use Push plate Sensors for large-scale critic