Slide 1: CFO Presentation
2002 12 1 CFO 2002 4 19 1
Slide 2: 2
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Slide 3: 1Q2002 results summary vs 1Q2001
( ) ( ) 1 1Q2002 1Q2001 3 9,752 6,626 47% 596 395 51% 9,156 6,230 47% 6,125 4,226 45% 3,030 2,004 51% 3,070 2,252 36% 31% 35% ( ) 3
Slide 4: 1Q2002 vs 1Q2001 (in million Yen)
( ) ( ) 1 1Q2002 1Q2001 3 (in million Yen) 9,752 6,626 47% 1 USD = 132.28JPY 119.26JPY 1 EURO = 115.96JPY 109.15JPY 2001 1 9,324 6,626 41% 9,324 6,328 47% - 298 - ( ) 4
Slide 5: Sales by region
( ) ( ) + 51% 4,000 3,967 3,500 1Q2001 + 20% 3,000 1Q2002 + 64% 2,619 2,412 2,500 2,194 2,003 2,000 1,500 1,340 + 86% 1,000 892 + 56% 480 500 284 182 0 Japan US Europe Asia, Oceania Others ( ) 5
Slide 6: Sales by region (constant currency)
2001 1 ( ) + 51% 4,000 3,967 3,500 1Q2001 3,000 1Q2002 2,619 + 9% + 54% 2,500 2,175 2,065 2,003 2,000 1,500 1,340 + 77% 1,000 849 + 46% 480 500 182 266 0 Japan US Europe Asia, Oceania Others ( ) 6
Slide 7: Sales breakdown by region share
( ) 1Q2001 1Q2002 6,626 9,752 3% 3% 7% 9% 40% 41% 20% 23% 30% 25% ( ) 7
Slide 8: Quarterly operating profit trend
( ) ( ) 4,000 3,500 3,916 3,000 2,500 3,030 2,000 2,665 1,500 2,004 1,000 500 893 0 1Q2001 2Q2001 3Q2001 4Q2001 1Q2002 ( ) 8
Slide 9: Gross margin and operating profit margin
( ) Gross margin Operating profit margin 100% 40% 36% 35% 95% 35% 95% 94% 30% 31% 95% 30% 94% 93% 90% 25% 20% 85% 14% 15% 80% 10% 1Q2001 2Q2001 3Q2001 4Q2001 1Q2002 1Q2001 2Q2001 3Q2001 4Q2001 1Q2002 ( ) 9
Slide 10: Sales by product category
( ) ( ) 12,000 1Q2001 1Q2002 10,000 9,752 Internet sever 45% 38% LAN 12% 14% 8,000 PC(consumer) 14% 15% 6,626 6,000 PC(enterprize), others 29% 32% 4,000 Total 100% 100% 2,000 0 1Q2001 1Q2002 ( ) 10
Slide 11: Operating expenses breakdown
( ) ** ( ) 100% 14% 12% FY2001 1Q2002 80% R&D 2,755 715 19% 26% Marketing 3,810 1,577 60% Sales 31% 6,206 1,913 31% Support 40% 2,459 820 12% Others 13% 4,716 1,100 20% 24% Total 19,946 6,125 18% 0% FY2001 1Q2002 ** ( ) 11
Slide 12: Quarterly operating expenses trend
( ) ( ) 8,000 6,125 6,125 6,000 5,082 4,512 4,226 4,000 3,236 3,288 3,648 2,742 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2000 FY2001 FY2002 ( ) 12
Slide 13: 2001 2002 1,422 1,592 + (+ 12%) 286 490 535 13
2001 12 2002 3 1,422 1,592 191 196 455 + 170 546 (+ 12%) 315 286 490 535 13
Slide 14: 9M M M
( ) 9M 37 M 72 M 7M 73M 2M 3,030 M 3,070 M 3,068 M ( ) 14
Slide 15: Balance sheet items
( ) ( ) 2002 3 2001 12 43,067 + 2,214 40,853 10,180 - 2,100 12,280 2,917 + 388 2,529 11,222 + 963 10,259 14,500 0 14,500 ( ) 15
Slide 16: Quarterly balance trend
( ) ( ) 12,000 + 9% 10,000 + 32% 11,222 + 12% 10,259 8,000 + 49% 6,000 7,779 6,966 4,000 4,686 2,000 0 Mar-2001 Jun-2001 Sep-2001 Dec-2001 Mar-2002 ( ) 16
Slide 17: 2Q guidance (Japanese GAAP)
2Q • 9,800 - 10,300 • 25% ~ 27% ( ) (In accordance with Japanese GAAP) 17
Slide 18: Thank you!
Thank you! 18