Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2015 Earnings Presentation
16 slides from Oki Electric Industry's earnings presentation, May 10, 2016
Slide 1: Financial Results for the Fiscal Year ended March 31, 2016
Financial Results for the Fiscal Year ended March 31, 2016 May 10, 2016 Oki Electric Industry Co., Ltd. © Copyright 2016 Oki Electric Industry Co., Ltd. 1
Slide 2: Table of Contents
Table of Contents I. Financial results for the FY ended March 2016 1. Summary of Financial Results 2. Segment Information (Net sales) 3. Segment Information (Operating income) 4. Changing Factors of Operating Income 5. Balance Sheets 6. Cash Flows II. Projections for the FY ending March 2017 1. Poli
Slide 3: Summary of Financial Results
Summary of Financial Results Operating income secured results exceeding previous projections, though net sales and operating income decreased year on year. Profit attributable to owners of parent was 6.6 B yen due to the impact of foreign exchange losses in non-operating expenses. Proposed year-end
Slide 4: Segment Information (Net sales)
Segment Information (Net sales) ATMs for China and existing networks for telecom carriers decreased year on year. Sales of fire-fighting digital wireless systems passed a peak. Sales of cash-handling equipment and systems for financial institutions in Japanese market were favorable. FY end Mar. Prev
Slide 5: Segment Information (Operating income)
Segment Information (Operating income) Operating income decreased due to sales decline in Info-telecom business and the impact of currency exchange in Printers business year on year. Structural reform led to lucrative improvement in domestic business. FY end Mar. Previous FY end Mar. projections Var
Slide 6: Changing Factors of Operating Income
Changing Factors of Operating Income Operating income decreased due to decline in sales volume and the impact of currency exchange. (Billion yen) (12.5) Impact of Changes currency in price exchange (3.0) Changes in +2.5 (4.0) + 3.0 32.4 volume and Reduction in product mix Changes in production and f
Slide 7: Balance Sheets
Balance Sheets In shareholders' equity, accumulated other comprehensive income decreased due to external environment, though earnings were accumulated. Total assets reduced. Mar. 2016 Mar. 2015 Variance (Billion yen) Current assets 277.6 293.6 (16.0) Fixed assets 134.1 145.7 (11.6) Assets 411.8 439.
Slide 8: Cash Flows
Cash Flows Free Cash flows saw a net outflow of 17.4 B yen due to transient factors such as uncollected trade receivables. FY end. FY end. March March Variance (Billion yen) 2016 2015 Ⅰ Cash flows from operating activities (3.6) 41.0 (44.6) Ⅱ Cash flows from investing activities (13.8) (18.6) ＋4.8 F
Slide 9: Projections for the FY ending March 2017
I. Financial results for the FY ended March 2016 1. Summary of Financial Results 2. Segment Information (Net sales) 3. Segment Information (Operating income) 4. Changing Factors of Operating Income 5. Balance Sheets 6. Cash Flows II. Projections for the FY ending March 2017 1. Policies for FY ending
Slide 10: Policies for FY ending March 2017
Policies for FY ending March 2017 < Changes of business environment > Overseas：Economic sluggish in emerging countries Rise of home-grown venders in China ATM market Shrink of office printer market and intensified competition Japan：Expanding sophisticated demands for social infrastructures capitaliz
Slide 11: Profit and Loss Projections
Profit and Loss Projections Aim to achieve a year-on-year net sales and operating income increase Annual dividend plan: 5 yen per share Currency exchange rate assumption : ¥110/USD, ¥125/EUR FY end. Mar. 2017 FY end. Mar. 2016 (Plan) (Results) (Billion yen) Full year 1st half Full year 1st half Net
Slide 12: Segment Information
Segment Information Info-telecom: Expand profitability due to promotion of business structure reforms in a stable profitable business Mechatronics systems: Rebuild Chinese business and enhance global deployment Printers: Expand sales of strategic products and have a fully M&A impact FY end. Mar.2017
Slide 13: Changing Factors of Operating Income
Changing Factors of Operating Income Operating income is expected to increase due to rise in sales volume and decrease in production and procurement costs. (Billion yen) Impact of currency Changes in Changes exchange fixed costs, etc. in price ±0.0 (2.0) +3.0 (4.0) +4.5 Changes in volume and Reducti
Slide 14: Free Cash Flows Projections
Free Cash Flows Projections Further enhance financial foothold by securing stable cash flows FY end FY end Mar. 2017 Mar. 2017 Variance (Billion yen) (Plan) Ⅰ Cash flows from operating activities 25.0 (3.6) +28.6 Ⅱ Cash flows from investing activities (15.0) (13.8) (1.2) Free cash flows (Ⅰ+Ⅱ) 10.0 (
Slide 15: Capital Expenditure and R&D Expenses Projections
Capital Expenditure and R&D Expenses Projections Property, Plant & Eqip. (Billion yen) R&D Expenses [Capital Expenditure] 11.7 11.5 13.3 13.0 Others 1.8 2.0 2.0 2.0 Others 0.9 1.0 EMS 2.4 2.0 2.7 3.0 Printers Printers 5.0 4.0 4.1 2.0 Mechatronics Mechatronics systems 3.5 Info-telecom systems 2.2 5.0
Slide 16: Notice
Notice • Indication method of amounts in hundred millions (yen) are as follow: Amounts in each item are rounded to the nearest hundred million yen. Variances are calculated in the hundred millions. • The projections and plans in this material are subject to change depending upon the changes of busin