Slide 1: Consolidated Financial Results for Fiscal Year 2010 / Company Name Changes & Initiatives
Consolidated Financial Results for Fiscal Year 2010 (ended March 31, 2011) Company Name Changes & Initiatives for the Period of Growth (Fiscal Years 2010 - 2013) May 10, 2011 Yamatake Corporation
Slide 2: Contents
Contents 1 Consolidated Financial Results for Fiscal Year 2010 (ended March 31, 2011) 1-1. FY2010 Financial Results P. 5 1-2. Business Plan for FY2011 P.19 1-3. Return to Shareholders P.24 Company Name Changes & 2 Initiatives for the Period of Growth P.28 (Fiscal Years 2010 - 2013) Current plans, ta
Slide 3: Sympathy for Great East Japan Earthquake victims
The azbil Group extends its deepest sympathy to all those who have suffered as a result of the Great East Japan Earthquake. Driven by the philosophy of “human- centered automation” to deliver safety and security, everyone in the azbil Group is working to help ensure that the affected areas recover a
Slide 4: The Tohoku crisis – impact & response
The Tohoku crisis – impact & response Regarding the impact of the Great East Japan Earthquake and the resulting electrical power supply shortages, the azbil group was able to rapidly implement countermeasures and thus ensure that its operations suffered only relatively minor impact. Going forward, e
Slide 5: 1-1. FY2010 Financial Results
1 Consolidated Financial Results for Fiscal Year 2010 1-1. FY2010 Financial Results BA and AA financial results (consolidated sales and profits) have been steadily recovering, as reflected in increased sales and profits. Of special note is the significant improvement seen in the profitability of the
Slide 6: FY2010 Consolidated Financial Results
FY2010 Consolidated Financial Results 《Compared to the same period last year and the business plan》 With growth in both the BA and AA businesses, sales grew by 3.3% to 219.2 billion yen. However, owing to a weaker than expected recovery in domestic capital investment, this result was 2.6% below the
Slide 7: FY2010 Orders Received, Net Sales and Segment Profit
FY2010 Orders Received , Net Sales and Segment Profit (Operating Income) 《Compared to the same period last year and the business plan》 Overall conditions for the BA business were robust and sales were much in line with the revised plan, growing by 5.6% on the previous year to reach 102.1 billion yen
Slide 8: Orders Received by Segment
[Reference] FY2004 to 2010 Orders Received by Segment Lehman Shock, Consolidated Orders Received Despite the downward trend in world recession Billions of yen +4.5% orders from FY2008 that resulted from the global financial crisis 300.0 sparked by the “Lehman Shock,” FY2010 results showed an 242.3 2
Slide 9: Net Sales by Segment
[Reference] FY2004 to 2010 Net Sales by Segment Lehman Shock, Consolidated Net sales world recession Billions of yen +3.3% As with orders received, net sales recovered after having bottomed 300.0 out in FY2009. Both BA and AA businesses saw increased sales. 248.6 For the BA business, new building 25
Slide 10: Segment Profit (Operating Income)
[Reference] FY2004 to 2010 Segment Profit (Operating Income) Lehman Shock, Consolidated operating income With the BA business having Billions of yen world recession +20.3% achieved relatively stable profits after the Lehman Shock, and the 25.0 AA business also recovering, 20.5 consolidated operating
Slide 11: Non-operating Income/Expenses and Extraordinary Income/Loss
FY2010 Non-operating Income/Expenses and Extraordinary Income/Loss 《Compared to the same period last year》 As regards non-operating expenses, principally as a result of foreign exchange losses caused by the high value of the yen (approximately 0.47 million yen, up 0.4 million yen on FY2009), these e
Slide 12: International Business (Overseas Sales)
FY2010 International Business (Overseas Sales) 《Compared to the same period last year》 Helped by the growth seen in Asian and other markets, sales increased by 24.3% on the previous year, despite the negative impact of exchange rates. This can be attributed to the success of various measures, such a
Slide 13: International Business (Overseas Sales) by region
[Reference] FY2007 to 2010 International Business (Overseas Sales) Billions of yen Overseas sales by region 25.0 19.4 20.0 0.3 18.0 18.1 1.5 0.7 0.7 2.2 1.1 0.8 14.5 1.6 15.0 1.5 0.4 0.9 Others 5.7 1.0 6.4 Europe 6.4 North America 10.0 5.1 China Asia (except China) 5.0 9.7 8.3 8.6 7.1 0.0 Reference
Slide 14: Changes of Sales of Overseas Subsidiaries
[Reference] FY2007 to 2010 Changes of Sales of Overseas Subsidiaries (on local currency basis) 150 Europe North America FY2007 = 100 135 140 China Asia (except China) 130 133 117 120 110 108 110 105 100 100 90 96 83 78 80 77 70 63 60 57 50 FY2007 FY2008 FY2009 FY2010 * The percentage changes of sale
Slide 15: Consolidated Balance Sheets
FY2010 Consolidated Balance Sheets Inventories fell by 2.6 billion yen with the completion of projects started prior to April 2009 (and thus subject to the complete- contract method). As a result of the clearing of Kimmon Manufacturing’s existing long-term loans payable and the partial repayment mad
Slide 16: Consolidated Balance Sheets (Reference)
[Reference] FY2008 to 2010 Consolidated Balance Sheets Assets Liabilities & Net assets Billions of yen Billions of yen 250.0 250.0 220.8 218.5 217.5 220.8 218.5 217.5 200.0 37.9 45.1 200.0 36.0 35.0 33.9 48.6 16.9 15.2 11.8 150.0 74.8 150.0 43.0 39.0 40.3 74.7 76.0 100.0 21.2 16.4 100.0 13.8 27.0 24
Slide 17: Consolidated Cash Flows
FY2010 Consolidated Cash Flows Net cash provided by operating activities increased by 15.2 billion yen. Despite the proceeds from sale of some short-term investment securities, net cash used in investing activities decreased to 2.3 billion yen due to the purchase of property, plant and equipment. Ne
Slide 18: Consolidated Cash Flows (Reference)
[ Reference] FY2008 to 2010 Consolidated Cash Flows Billons of yen ■Operatin g ■In vestin g ■ＦＣＦ ■Fin an c in g 25.0 21.4 20.0 17.7 15.7 15.2 15.0 12.9 10.0 4.8 5.0 2.0 0.0 (5.0) (2.3) (10.0) (6.8) (8.0) (8.6) (15.0) (20.0) (16.6) FY2008 FY2009 FY2010 © 2011 Yamatake Corporation All Rights Reserved.
Slide 19: 1-2. Business Plan for FY2011
1 Consolidated Financial Results for Fiscal Year 2010 1-2. Business Plan for FY2011 The forecast for FY2011 are based on currently available information and some reasonable assumptions . Regarding the impact of the Great East Japan Earthquake, there are many uncertainties involving the procurement o
Slide 20: Key points regarding FY2011 planning
Key points regarding FY2011 planning The azbil Group will make every possible effort to contribute to the recovery of customer businesses following the Great East Japan Earthquake. In order to minimize the impact of the Great East Japan Earthquake and the ensuing supply problems (power shortages, su
Slide 21: FY2011 Consolidated Operating Plan
FY2011 Consolidated Operating Plan It is very difficult to accurately calculate the extent of the impact, both direct and indirect, of the Tohoku crisis on general economic activity, or specifically on the business performance of the azbil Group. Nevertheless, while minimizing this impact through th
Slide 22: FY2011 Operating Plan by Segment
FY2011 Operating Plan by Segment In addition to responding to customer demand for reductions in electrical power consumption, the BA business aims to increase sales through expansion of its service business. However, profits are expected to decline as a result of increased health insurance and pensi
Slide 23: Results and Business Plan for FY2011 by Segment
[Reference] FY2008 to 2011 Results and Business Plan for FY2011 by Segment Billions of yen [Net sales] [Operating Income] Billions of yen 300.0 25.0 BA AA LA Others BA AA LA Others 236.2 250.0 219.2 220.0 20.0 7.9 212.2 17.8 5.1 4.0 5.3 14.9 13.0 35.9 200.0 32.6 31.0 15.0 5.0 34.7 12.4 0.4 3.2 3.4 1
Slide 24: 1-3. Return to Shareholders
1 Consolidated Financial Results for Fiscal Year 2010 1-3. Return to Shareholders FY2010 (ended March 31, 2011) Dividends FY2011 (ending March 31, 2012) Dividends Forecast Copyright © 2011 Yamatake Corporation All Rights Reserved. © 2011 Yamatake Corporation All Rights Reserved. 24
Slide 25: FY2010 Dividends
FY2010 Dividends Placing great importance on the profit sharing with shareholders, Yamatake is planning to issue dividends of 63 yen per share, as announced at the beginning of May, 2010. FY2010 (Interim) (Year-end) (Annual) Paid on Planned to pay on December, 2010 June, 2011 31.5 yen + 31.5 yen ＝ 6
Slide 26: FY2011 Dividends Forecast
FY2011 Dividends Forecast In spite of the continuing uncertainties in the business environment as a result of the Great East Japan Earthquake, and the challenges expected to depress profits, Yamatake will issue an annual dividend for FY2011 of 63 yen per share, the same as for FY2010, in order to ma
Slide 27: Dividends per Share
Dividends per Share Since FY2003 the Group has continuously striven to raise the dividend level and actively implement profit sharing with its shareholders. (Yen) 70 63yen 62 62 63 63 Commemorative dividend 60 60 Year-end dividend Interim diviend 50 50 50 31 31 31.5 31.5 10 30 40 25 30 20 23 20 14 1
Slide 28: Company Name Changes & Initiatives for the Period of Growth
Company Name Changes & 2 Initiatives for the Period of Growth Copyright © 2011 Yamatake Corporation All Rights Reserved. © 2011 Yamatake Corporation All Rights Reserved. 28
Slide 29: From Yamatake to Azbil
From “Yamatake” to “Azbil” On the 105th anniversary of the company’s founding, and the 5th anniversary of the debut of “azbil,” Yamatake Corporation will change its name. April 1, 2012 (tentative) Azbil Corporation Simultaneously the other main Group companies in Japan will add “Azbil” to their comp
Slide 30: Objectives for the Change in Company Name
Objectives for the Change in Company Name 1) Unifying the Group philosophy, Group name, Group company names will strengthen the brand globally. z Group philosophy: Human-centered automation = Automation Zone Builder (introduced October 2006) z Group name: azbil Group (introduced October 2008) z Grou
Slide 31: Group companies subject to name change and new company names
Group companies subject to name change and new company names (April 1, 2012) Current company name New company name Yamatake Corporation Azbil Corporation Yamatake & Co., Ltd. Azbil Trading Co., Ltd. Yamatake Control Products Co., Ltd. Azbil Products Co., Ltd. Yamatake Friendly Co., Ltd. Azbil Friend
Slide 32: Kimmon Manufacturing companies and new company names
Kimmon Manufacturing companies and new company names (April 1, 2012) Current company name New company name Aomori Manufacturing Co., Ltd. Azbil Kimmon Aomori Co., Ltd. Wakayama Seiki Co., Ltd. Azbil Kimmon Wakayama Co., Ltd. Shirakawa Seiki Co., Ltd. Azbil Kimmon Shirakawa Co., Ltd. Kimmon Shirasawa
Slide 33: azbil Group Network in Japan
[Reference] azbil Group Network in Japan Azbil Corporation A unified azbil Group offering Azbil Trading Co., Ltd. BA/AA/LA total service through Azbil Products Co., Ltd. more than 200 offices nationwide Azbil Friendly Co., Ltd. Azbil SecurityFriday Co., Ltd. Hara Engineering Co., Ltd. Azbil Kimmon C
Slide 34: azbil Group's Global Network
[Reference] azbil Group’s Global Network Azbil Control Solutions (Shanghai) North America, Inc. Azbil Information Technology Co.,Ltd. Center (Dalian) Co., Ltd. Shanghai Azbil Automation Co., Ltd. Azbil Korea Co., Ltd Azbil Control Instruments (Dalian) Co.,Ltd. Azbil Europe NV Azbil Taiwan Co., Ltd.
Slide 35: azbil Group's Global Network
[Reference] azbil Group’s Global Network - Offering worldwide the same finely-tuned solutions provided in Japan - Azbil Information Technology Center (Dalian) Co., Ltd. Yamatake Environmental Control Azbil Control Instruments Technology (Beijing) Co., Ltd. (Dalian) Co.,Ltd. Azbil North America, Inc.
Slide 36: Tackling customer problems with products and on-site solutions
Tackling problems faced by customers with products and on-site solutions by making use of interaction with customers in multiple modes Field Plants / Factories engineering Productivity Azbil RoyalControls Services Quality Azbil Trading Research Azbil facilities SecurityFriday Equipment Sensors/ Valv
Slide 37: Creating new business: AA
Creating new business with products and on-site solutions AA Life-cycle support extends from introducing new Develop life-cycle solutions for factory/plant control systems and field instruments to overseas markets offering maintenance and upgrades. [Product & on-site solution resources] AEP(azbil Ev
Slide 38: Creating new business: BA
Creating new business with products and on-site solutions BA Coordinated Offer energy management/control products, consulting AA/BA/LA solutions and services to contribute to energy-saving and to realize large-scale reduced power consumption in buildings, factories, plants and residential houses. po
Slide 39: Creating new business: LA
Creating new business with products and on-site solutions LA Enter Asian infrastructure markets with their growing Break into Asian safety/security needs by highlighting track record in Japan to infrastructure differentiate from the competition markets by - Establish a production base (joint venture
Slide 40: Embodying the Group's philosophy in azbil
Embodying the Group’s philosophy in “azbil” ■ 2006 Adopted as the Group’s symbol （azbil: Automation Zone Builder) Symbol of the Group philosophy of “human-centered automation” ■ azbil Group Philosophy ■ To realize safety, comfort and fulfillment in people’s lives and contribute to global environment
Slide 41: Appendix
Appendix Capital Investments, Depreciation and R&D Cost (FY2010 Financial Results / Business Plan for FY2011) Copyright © 2011 Yamatake Corporation All Rights Reserved. © 2011 Yamatake Corporation All Rights Reserved. 41
Slide 42: Capital Investments, Depreciation and R&D Cost
[Reference] Capital Investments, Depreciation and R&D Cost (Billions of yen) FY2010 FY2011 Actual Initial plan Difference (A) (B) (B) - (A) % Change ●Capital investments Yamatake 2.2 2.8 0.6 27.2 % Consolidated subsidiaries 1.1 1.4 0.3 27.0 % Total 3.3 4.2 0.9 27.2 % ●Depreciation Yamatake 3.1 3.0 (
Slide 43: Human-centered automation closing slide
To realize safety, comfort and fulfillment in people’s lives, and contribute to the global environment through “human-centered automation.” These 3 characters appear in azbil corporate advertising. From the left: Billy, Ippei and Lisa. Their initials represent the 3 core businesses of the azbil Grou