Thk Co., Ltd. · TSE:6481

Thk — FY2013 Earnings Presentation

23 slides from Thk's earnings presentation, May 14, 2014

  1. Slide 1: Financial Results Briefing for Fiscal 2013

    FINANCIAL RESULTS BRIEFING FOR FISCAL 2013 May 14th 2014 THK CO., LTD. President & CEO AKIHIRO TERAMACHI This presentation material contains forward looking statements that reflect the Company’s business plans, performance projections, and management strategy. Such statements are based on informatio

  2. Slide 2: Contents

    Contents Ⅰ. Financial Results for Fiscal 2013 Ⅱ. Medium-Term Management Plan FY2014～FY2016 Ⅲ. Financial Forecast for Fiscal 2014 Copyright THK CO., LTD. 2014. All rights reserved.

  3. Slide 3: Financial Results for Fiscal 2013

    Ⅰ. Financial Results for Fiscal 2013 Copyright THK CO., LTD. 2014. All rights reserved.

  4. Slide 4: Financial Highlights for Fiscal 2013

    Financial Highlights for Fiscal 2013 Net sales increased by 10.2% year on year to 185.4 billion yen ※Geographic sales is based on where our customers are located. In Japan, the electronics-related demands showed a gradual recovery during the first half of the period. But the electronics-related dema

  5. Slide 5: Trend in Net Sales

    Trend in Net Sales Asia and other | Y/Y Up 27.0％ 196,866 ●China Up 45.8％ 190,661 ●Taiwan Up 14.3％ 185,466 ●Singapore Down 8.1％ 36,707 168,366 Asia and other 36,438 37,085 Europe | Y/Y Up 21.3％ 29,200 19,979 16,106 Europe ●Machine tools Up 3.6％ 115,330 15,194 18,427 ●General machinery Up 12.7％ 20,812

  6. Slide 6: [Reference] Operating Income - Cause of Change -

    [Reference] Operating Income - Cause of Change - +3.3 Japan 16,434 million +4.3 +0.5 The Americas (2.5) 1,166 million Europe 17.3 180 million Billions China 11.6 of yen (614) million Billions Other of yen 676 million Adjustments (472) million FY2012 Increase in Down in Effect Foreign FY2013 Operatin

  7. Slide 7: Assets, Liabilities and Net Assets

    Assets, Liabilities and Net Assets Cash and Cash in Account | Y/Y : Total Assets 336,416 millions of yen Current Liabilities | Y/Y : Up ¥ 22,375 million Down ¥ 1,166 million Cash Flows from Operating Activities : Up ¥ 43,270 million from previous period ■Accounts Payable | Y/Y : ¥ 23,664 million Up

  8. Slide 8: Medium-Term Management Plan FY2014～FY2016

    Ⅱ. Medium-Term Management Plan FY2014～FY2016 Copyright THK CO., LTD. 2014. All rights reserved.

  9. Slide 9: Medium-Term Management Plan: Numerical targets for FY2016

    Medium-Term Management Plan Numerical targets for FY2016 Consolidated Net Sales ¥250 billion Operating Income ¥40 billion ROE over 10％ [Assumptions] Exchange rate 1$ = ¥100 IMF Global economic growth rate of 3.8% on average The point of medium-term management plan Fixed plan with FY2016 as the final

  10. Slide 10: Expansion of Top Line

    Expansion of Top Line [Assumption] The market growth rate of 5% on FY2016 average in the production goods 250.0 industry billion yen Automotive parts Japan + 13.0 billion yen 117.3 Industrial billion yen equipment-related The Americas and other + 52.0 billion yen 38.5 billion yen ■ Expansion of exis

  11. Slide 11: Expansion of Top Line: Enhancement of Sales Network

    Expansion of top line : Enhancement of Sales Network China： Enhancement of direct sales and indirect sales Sales bases Production bases India： Enhancement of Sales Sales bases 35 Sales bases 1 Production bases 5 Development bases 1 ASEAN： Enhancement of sales networks Sales bases 2 Production bases

  12. Slide 12: Expansion of Top Line: Development of ACE Division

    Expansion of top line : Development of ACE Division Seismic Isolation and Damping for House Seismic Isolation and Damping Seismic Isolation Platforms Table for Building Being adopted by a steadily increasing number of buildings Seismic Isolation and Damping for Housing Seismic Other The number of Is

  13. Slide 13: Enhancement of the Global Manufacturing Structure

    Expansion of top line : Enhancement of the Global Manufacturing Structure THK Manufacturing THK Manufacturing of Europe (FRA) of America (USA) THK Manufacturing THK RHYTHM of Ireland (IRL) NORTH AMERICA(USA) DALIAN THK Transfer & Expansion THK RHYTHM MEXICANA Scheduled to start of operation in Decem

  14. Slide 14: Operating Income - Cause of Change - in FY2016 compared with FY2013

    Operating Income - Cause of Change - in FY2016 compared with FY2013(Forecast) +28.5 (12.0) Operating income: About 23.0 billion yen increase compared with +1.5 Increase in Impact from FY2013 +5.0 fixed cost currency exchange Enhanced variable [FY2013] expense ratio 1 dollar = 97.65 yen 1 euro = 129.

  15. Slide 15: Strengthening of Bottom Line

    Strengthening of Bottom Line 100 million yen ％ 4. Production reform ・Promotion of production and procurement in the optimal site ・Increase in local site procurement rate ・Improvement of productivity 5. Increase in indirect operation efficiency ・Enhancement of skills ・Improvement of efficiency throug

  16. Slide 16: Financial Forecast for Fiscal 2014

    Ⅲ. Financial Forecast for Fiscal 2014 Copyright THK CO., LTD. 2014. All rights reserved.

  17. Slide 17: Orders Received by Region

    Orders Received by Region THK Holdings of America, L.L.C. THK Europe B.V. Y/Y, millions of dollar Y/Y, millions of Euro 80 22.4 80 14.6 0.2 9.2 15.8 1.6 5.6 (3.6) 1.0 (1.6) (5.3) (1.4) (3.8) (4.0) (0.4) (23.2) 60 60 (27.8) (34.1) 40 40 20 20 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 1-3 4-6 7-9 10

  18. Slide 18: Financial Forecast (Consolidated)

    Financial Forecast (Consolidated) （Millions of yen） 2015/3 2014/3 2013/3 Forecast Net Sales 210,000 185,466 168,366 Y/Y +13.2％ +10.2％ -14.5％ Operating Income 27,000 17,370 11,692 Y/Y +55.4％ +48.6％ -40.8％ Ordinary 28,000 23,618 14,765 Income Y/Y +18.5％ +60.0％ -22.6％ Net Income 19,000 15,590 9,808 Y/Y

  19. Slide 19: Financial Forecast (Unconsolidated)

    Financial Forecast (Unconsolidated) （Millions of yen） 2015/3 2014/3 2013/3 Forecast Net Sales 125,000 111,913 104,567 Y/Y +11.7％ +7.0％ -19.6％ Domestic 86,000 76,424 75,438 Y/Y +12.5％ +1.3％ -15.0％ Operating Income 18,400 13,808 9,825 Y/Y +33.3％ +40.5％ -32.2％ Ordinary 19,200 18,790 12,053 Income Y/Y +

  20. Slide 20: Capital Expenditure and Number of Employees Forecast

    Capital Expenditure and Number of Employees Forecast Capital Expenditures Number of Employees Asia and Other Asia and Other Europe Europe Americas Americas Japan Japan 16.0 9,500 13.8 9,177 8,628 8,958 Billions Individuals of yen 13.2 5.7 3,320 2,839 3,016 2,467 7.9 6.0 0.2 621 561 575 600 8.8 1.4 6

  21. Slide 21: Trends in COGS and SG&A

    Trends in COGS and SG&A COGS 79.9% 71.4% 72.6% 73.7% 71.5% COGS ratio Sales-cost ratio decreased by 2.2 points Y/Y ・Due to increased sales ・Down in variable cost ratio ・Effect of the yen’s depreciation Millions 136,219 142,891 132,562 92,141 124,067 of yen Millions of yens 2010/3 2011/3 2012/3 2013/

  22. Slide 22: Support Statement – Trends in orders, sales and backlog

    Support Statement –Trends in orders, sales and backlog （domestic - unconsolidated） – （Millions of yen) 30,000 Orders Sales Backlog 25,000 20,000 15,000 10,000 5,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6

  23. Slide 23: Support Statement – Trends in orders classified by industry

    Support Statement –Trends in orders classified by industry (unconsolidated）– （Millions of yen) 8,000 Machine tool 7,000 General Machinery Electronics 6,000 5,000 4,000 3,000 2,000 1,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3

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