Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY2010 Earnings Presentation
14 slides from Oki Electric Industry's earnings presentation, Jul 30, 2010
Slide 1: Financial Results for the Q1 of FY ending March 31, 2011
Financial Results for the Q1 of FY ending March 31, 2011 July 30, 2010 Oki Electric Industry Co., Ltd. •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 pr
Slide 2: Table of Contents
Table of Contents I. Financial results for the Q1, FY ending Mar. 2011 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows II. 1H projections of the FY ending Mar. 2011 1. Summary 2. Qualitative information © Copyright 2010 Oki Electric I
Slide 3: Summary of Segment Information
Summary of Segment Information OKI’s Q1 results were approximately as projected though circumstances for each segment were somewhat different. [YoY comparison] z Net sales remained the same as the previous fiscal year, 82.5B yen. - EMS etc., covered the fall in sales of Info-telecom and Printers. z
Slide 4: Segment Information: Info-telecom Systems
Segment Information: Info-telecom Systems Net sales: ¾ Solutions & services: Net sales Sales increased due to the growth of maintenance and (Billion yen) services such as ATM monitoring services, and systems sales for governmental offices, etc. ¾ Telecom systems: 44.7 45.9 Mechatronics systems Sales
Slide 5: Segment Information: Printers
Segment Information: Printers Impact of currency exchange: Net sales ¾Net sales declined by 2.1B yen. Operating income declined by 0.2B yen. (Billion yen) 29.9 Net sales decreased by 0.3B yen excluding the impact of 27.5 currency exchange. 7.2 SIDM, etc 8.3 ¾Color and Mono NIP: Though unit sales for
Slide 6: Others
Others Net sales: Net sales ¾ EMS: - Sales for EMS business increased due to the expanded (Billion yen) orders for large businesses in telecom equipment market, 10.3 acquirement of new business in medical equipment market, and the market recovery in industrial and 3.7 semiconductor equipment markets
Slide 7: Changing Factors of Operating Income
Changing Factors of Operating Income z Operating loss increased by 4.7B yen due to changes in product mix, price decline, impact of the strong yen, increase in other costs, and the impact of treatment optimization, etc., while OKI made efforts to reduce production and procurement costs. Operating (B
Slide 8: Q1 Profit and Loss
Q1 Profit and Loss [Y on Y comparison] SG&A increased impacted by the rise in (Billion yen) FY Mar. FY Mar. sales expense and efforts in optimizing 2011 2010 treatment etc. Net Sales 82.5 82.6 Other income and expenses improved, since previous year included loss caused Cost of Sales 64.8 61.5 by the
Slide 9: Balance Sheet [Assets]
Balance Sheet [Assets] Total assets decreased by 18.6B yen due to the reduction in notes and accounts receivables. Due to the tendency of larger sales in Q4 of the previous fiscal year, notes and account receivables at March end increased. These receivables are collected in cash, etc., during this Q
Slide 10: Balance Sheet [Liabilities and shareholders' equity]
Balance Sheet [Liabilities and shareholders’ equity] Overall shareholders’ equity fell, caused by the decrease in net income and valuation adjustments, although additional paid-in capital increased due to the share exchange from acquiring the whole ownership of OKI Wintech. Net interest bearing debt
Slide 11: Cash Flows
Cash Flows Cash flows from operating activities increased by 6.6B yen due to improved working capital, etc. (Billion yen) FY March FY March Notes end. 2011 end. 2010 Ⅰ Cash flows from operating activities 6.6 15.4 Net income before income taxes (9.4) (5.8) Depreciation & amortization 3.4 3.7 Changes
Slide 12: 1H projections of the FY ending Mar. 2011
I. Financial results for the Q1, FY ending Mar. 2011 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows II. 1H projections of the FY ending Mar. 2011 1. Summary 2. Qualitative information © Copyright 2010 Oki Electric Industry Co., Ltd.
Slide 13: 1H Projections for the Fiscal Year end. Mar. 2011 [Summary]
1H Projections of for the Fiscal Year end. Mar. 2011 [Summary] Projections for the 1H of the FY end. Mar. 31, 2011 remain the same as the previous announcement. However, net sales and operating income for each segment have been revised, in light of recent business performance. 1H Projections for the
Slide 14: Qualitative Information
Qualitative Information [Net sales] ¾Info-telecom segment: Sales increased from maintenance services of solutions and services business and system sales for the public sector, in addition to the market condition recovery in Japan. ¾Printer segment: Sales decreased due to the challenging economic env
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