Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2015 Earnings Presentation
23 slides from Harada Industry's earnings presentation, Dec 4, 2015
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2016
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2016 Harada Industry Co., Ltd. December 4, 2015 This slides contains forward looking statements based on prerequisites, forecasts and plans available as of December 4, 2015. Actual results may differ materially fr
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
Slide 3: I. Corporate Overview
I. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network HARADA INDUSTRY OF AMERICA, INC. HARADA INDUSTRIES (EUROPE) LIMITED HARADA INDUSTRIES (MEXICO), HARADA EUROPE R&D CENTRE S.A. DE C.V. DALIAN HARADA INDUSTRY CO., LTD. SHANGHAI HARADA NEW HARADA INDUSTRIES VIETNAM LIMITED AUTOMOTIVE ANTENNA CO., LTD. HARADA Asia-Pacific Ltd. TAIWAN
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support all kinds of radio (analog AM+FM, digital (DAB), satellite), telematics application (GNSS, mobile phone). Support multi-band. Rod Type Antenna Support all kinds of radio (analog AM+FM, digital (DAB), satellite), digital TV (DTV) and so forth. Sup
Slide 7: 3. Major Products 2
3. Major Products 2 Coaxial Cables Routing Design, Design & Development to Manufacturing & Assembly of Components STP Cables Transfer massive data at high speed. In-Spoiler Type Antenna Support multi-band. 7
Slide 8: II. Financial Results for 2Q FY2015 (Consolidated)
II. Financial Results for 2Q FY2015 (Consolidated) 8
Slide 9: 1. Net Sales Trend
1. Net Sales Trend (Hundred millions of yen) 250 Europe North and Central Americas 211 Asia 198 200 23 Japan 175 19 15 152 150 12 74 135 65 11 128 60 111 10 110 47 10 5 101 100 51 7 46 27 78 37 52 54 4 33 29 41 5 7 9 21 16 50 8 17 68 65 62 63 58 60 59 44 51 42 0 2Q FY2006 07 08 09 10 11 12 13 14 15
Slide 10: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2014 2Q FY2015 Increase Previous year Current year Main factors in increase or or Composition Composition decrease decrease ratio (%) ratio (%) - Japan: (143) - Asia: 215 (currency effect : 803) 19,842 21,196 Net sales 1,353 -
Slide 11: 3. Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 800 604 600 508 426 444 400 309 340 270 200 156 0 (200) (400) (465) (600) (551) 2Q FY2006 07 08 09 10 11 12 13 14 15 Current year 11
Slide 12: 4. Changes in Operating Income
4. Changes in Operating Income (Millions of yen) Increase in gross profit on increase in net sales Decrease in gross profit on increase in cost of sales ratio associated with production transfer - Temporary logistic expenses 319 - Costs for production stability Increase in selling, general and (753)
Slide 13: 5. Summary of 2Q Consolidated Balance Sheet
5. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2014 Component 2Q FY2015 Component Increase Previous ratio Current ratio or Year (%) Year (%) decrease Current assets 26,612 78.1% 26,243 76.5% (369) Noncurrent assets 7,447 21.9% 8,039 23.5% 592 Total assets 34,060 100.0% 34,283 100.0%
Slide 14: 6. Sales Breakdown by Reported Segments
6. Sales Breakdown by Reported Segments 2Q FY2014 Europe Previous year 9.9% (Millions of yen) North Japan Previous Current and 30.6% year year Central Americas Asia Impact of 33.1% 26.4% 2Q 2Q Increase or Net foreign FY2014 FY2015 decrease change exchange Japan 6,072 5,928 (143) － (143) Asia 5,234 5
Slide 15: 7. Consolidated Cash Flow Trend
7. Consolidated Cash Flow Trend (Millions of yen) 4,000 Cash flows from operating activities 3,000 Cash flows from investing activities Cash flows from financing activities 2,000 1,000 0 (1,000) (2,000) (3,000) 2Q FY2006 07 08 09 10 11 12 13 14 15 Current year 2Q FY2006 07 08 09 10 11 12 13 14 15 Op
Slide 16: 8. Depreciation Trend
8. Depreciation Trend (Millions of yen) 600 499 500 397 408 417 410 400 335 334 368 287 263 300 200 100 0 2Q FY2006 07 08 09 10 11 12 13 14 15 16
Slide 17: 9. Number of Employees
9. Number of Employees 1 (People) 5,000 4,315 4,370 4,000 3,450 3,553 2,815 3,021 2,870 3,000 2,372 2,342 2,062 2,000 1,000 0 2Q FY2006 07 08 09 10 11 12 13 14 15 9. Number of Employees 2 (Regional Breakdown) (People) 5,000 Japan Asia North and Central Americas Europe 46 45 4,000 44 941 42 1,170 37
Slide 18: 10. Quarterly Net Sales Trend / 11. Quarterly Operating Income Trend
10. Quarterly Net Sales Trend (Millions of yen) 15,000 10,686 10,189 11,006 10,025 9,820 10,021 9,205 8,904 9,249 10,000 8,333 5,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2013 FY2014 FY2015 11. Quarterly Operating Income Trend 500 (Millions of yen) 411 391 407 291 317 300 243 112 100 30 (100) (36) (103)
Slide 19: 12. Dividend and Stock Price Trend
12. Dividend and Stock Price Trend (Yen) 1,400 14.0 12.5 Dividends Stock prices (highest) Stock prices (lowest) 1,200 12.0 10.0 10.0 1,000 10.0 800 7.5 7.5 7.5 7.5 7.5 8.0 600 5.0 5.0 6.0 400 4.0 200 2.0 0 0.0 FY2006 07 08 09 10 11 12 13 14 2Q 4Q FY2015 FY2015 Forecast Stock Price Trend (Yen) 2Q FY2
Slide 20: 13. Foreign Exchange Rate Trend
13. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 300 16.05 16.32 19.73 18 246.89 250 15 210.72 212.36 12.47 192.80 200 172.63 12 159.54 150.28 150 133.04 129.77 123.13 9 100 115.24 123.29 122.49 6 106.42 96.02 98.61 101.37 50 88.49 80.73 79.31 3 0 0 2Q FY2006 07 08 09 10 11 12
Slide 21: Reference. Automobile Manufacturing Trend
Reference. Automobile Manufacturing Trend 21
Slide 22: Automobile Manufacturing Trend (Results and Forecasts)
Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） 50,000 （Thousands） 9,500 9,000 45,000 42,915 8,698 8,500 40,000 8,624 35,082 8,000 35,000 7,500 30,000 7,000 25,000 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 North and Central Americas E
Slide 23: Forward looking statements notice
This slides contains forward looking statements based on prerequisites, forecasts and plans available as of December 4, 2015. Actual results may differ materially from forward looking statements described here due to risks and variable factors associated to global economic conditions, a competitive