Fujikura Ltd · TSE:5803
Fujikura — Q3 FY2018 Earnings Presentation
22 slides from Fujikura's earnings presentation, Feb 4, 2019
Slide 1: 3Q FY2018 Financial Results
3Q FY2018 Financial Results February 4, 2019
Slide 2: Contents
Contents 1. Review of 3Q FY2018 Financial Results and FY2018 Forecast 2. By Segment 3. Shareholder Return 1
Slide 3: 1. Review of 3Q FY2018 Financial Results and FY2018 Forecast
1. Review of 3Q FY2018 Financial Results and FY2018 Forecast 2
Slide 4: 3Q FY2018 Financial Results and FY2018 Forecast
3Q FY2018 Financial Results and FY2018 Forecast (Unit : Yen in billion) FY2018 FY2017 FY2018 （Forecasted on Sep.26） Full Year 1-3Q Full Year 1-3Q Full year Forecast Net Sales 564.8 740.0 553.4 720.0 720.0 Operating Income 29.8 34.3 24.1 28.0 30.0 Ratio of Operating Income to Net Sales(%) 5.3 4.6 4.4
Slide 5: Review of 3Q FY2018 Results and Full Year Forecast
Review of 3Q FY2018 Results and Full Year Forecast [YoY basis] Net sales decreased on a YoY basis because of effects such as the restructuring of the domestic electric wire sales company in the previous fiscal year. Operating income decreased on a YoY basis due to the impact of an intensified co
Slide 6: Review of 3Q FY2018 Results and Full Year Forecast
Review of 3Q FY2018 Results and Full Year Forecast [Full year forecast compared with the previously released figures] Operating income is forecasted to decrease due to the impact of changes in product mix of Power & Telecommunication Systems Company and Electronics Business Company in addition to
Slide 7: 3Q FY2018 Contributing Factors to Net Sales Change (year-on-year basis)
3Q FY2018 Contributing Factors to Net Sales Change (year-on-year basis) Net Sales (Unit : Yen in billion) Impact of the restructuring of domestic Effects of electric wire Copper sales company Prices in FY2017 Power & +2.4 Telecommunication Automotive Systems Electronics (12.7) Business Business Prod
Slide 8: 3Q FY2018 Contributing Factors to Operating Income Change (year-on-year basis)
3Q FY2018 Contributing Factors to Operating Income Change (year-on-year basis) Operating Income (Unit : Yen in billion) Overhead transmission cable project in Bangladesh Power & Telecommunication Systems Effects of (2.6) Business Forex Other (2.4) (0.0) (0.3) 29.8 5.6 lower than 3Q FY2017 24.1 3Q FY
Slide 9: 3Q FY2018 Extraordinary Profit and Loss
3Q FY2018 Extraordinary Profit and Loss (Unit: Yen in billion) FY2017 FY2018 1-3Q Full year 1-3Q Operating Income 29.8 34.3 24.1 Share of other comprehensive income of entities accounted for using equity 1.2 1.5 1.0 method Includes the gains on sales of Ordinary Income 29.8 34.1 18.2 investment secu
Slide 10: Consolidated B/S (1)
Consolidated B/S (1) （Unit: Yen in billion） As of March As of Dec. Change 31, 2018 31, 2018 〈Assets〉 638.0 660.7 +22.7 Current Assets 324.1 347.3 +23.1 Cash and Deposits 34.2 43.5 +9.2 Notes and Account Increased due to the seasonality 151.2 157.6 +6.4 in electronics business Receivable Inventories
Slide 11: Consolidated B/S (2)
Consolidated B/S (2) （Unit: Yen in billion） As of March As of Dec. Change 31, 2018 31, 2018 Total 638.0 660.7 +22.7 (Treasury Stock) ((6.3)) ((6.3)) (+0.0) 〈Liability〉 396.0 420.9 +24.8 Notes and Account 77.1 73.2 (3.8) Payable Interest-bearing Debt 239.3 275.3 +36.0 Increase in working capital and
Slide 12: 2. By Segment
F Fujikura 2. By Segment
Slide 13: Financial Results and Forecast by Segment
Financial Results and Forecast by Segment （Unit: Yen in billion） Net Sales Operating Income and Ratio of Operating Income to Net Sales 1-3Q 1-3Q FY2018 1-3Q 1-3Q FY2018 Segment FY2017 FY2018 Change Full Year FY2017 FY2018 Change Full Year Results Results Forecast Results Results Forecast Power & 17.
Slide 14: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1-3Q FY2018, although copper price rose, net sales decreased due to the restructuring of the domestic electric wire sales company in FY2017. Operating income decreased on a YoY basis due to an intensified competition in the domestic and overseas market
Slide 15: Electronics Business Company
Electronics Business Company In 1-3Q FY2018, both net sales and operating income remained unchanged on a YoY basis owing to cost reductions by actions such as yield improvement and automation despite a manufacturing difficulty increase mainly in FPC. （Unit: Yen in billion） Net sales and Ratio of O
Slide 16: Automotive Products Company
Automotive Products Company In 1-3Q FY2018, although extraordinary costs against the increase in the turnover rate in Eastern European operations reduced, this business has been facing difficult circumstances due to the slowing down of automobile sales in the domestic and Chinese markets. We will
Slide 17: Real Estate Business Company
Real Estate Business Company Revenues from leasing real estate properties continue to contribute to the consolidated operating income. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Real Estate Ratio of Operating Income to Net Sales Stable revenues from leasing proper
Slide 18: CAPEX and Depreciation Cost
CAPEX and Depreciation Cost （Unit: Yen in billion） FY2017 FY2018 1-3Q Forecast 1-3Q Full year FY2018 (May 11) CAPEX 30.7 42.5 42.1 47.0 (for manufacturing 29.9 40.1 41.2 45.0 business) (for real estate business) 0.8 2.4 0.9 2.0 Depreciation Cost 20.3 26.8 23.3 33.0 (for manufacturing 18.8 24.8 21.7
Slide 19: 3. Shareholder Return
F Fujikura 3. Shareholder Return
Slide 20: Profit Return
Profit Return Basic Policy of 2020 Mid-term Dividend payout ratio 20% or higher FY2018 Forecast Dividends 14.0 yen per share (Interim 7.0 yen per share, Year-end 7.0 yen per share, 4.0 billion yen) FY2017 Result 14.0 yen per share (Interim 7.0 yen per share, Year-end 7.0 yen per share) (Unchan
Slide 21: Special Notes
Special Notes: Statements in this presentation that relate to future to results and events (including statements regarding Fujikura's revenue and earnings guidance) and based on Fujikura's current expectations. Actual results in future periods may differ materially form those currently expected beca
Slide 22: Net Sales and Operating Income by Segment
【3Q FY2018 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecast by Segment Unit: Yen in Billion FY2017 FY2018 Full 1Q 2Q 3Q 4Q 1H 2H Full Year 1Q 2Q 3Q 4Q 1H 2H Year Results Results Results Forecast Results Forecast Forecast Power Systems 50.4 51.3 58.