Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2018 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Feb 7, 2019
Slide 1: For FY2018 Third Quarter Business Results
For FY2018 Third Quarter Business Results ‐ CONNECTING THE FUTURE ‐ February 7th , 2019 Hirose Electric Co., Ltd.〔6806〕
Slide 2: Cautionary Statement
■Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward‐looking statements. Thank
Slide 3: Business Situation of FY2018 Third Quarter (Apr–Dec 2018)
Business Situation of FY2018.Third Quarter (Apr – Dec,2018) Order 974.4 hundred million yen （ YoY ‐1.3%） FY2018. 3Q Sales 959.9 hundred million yen Results settled on （YoY +0.9% ） (Apr – Dec) Operating profit 199.9 hundred million yen ※Profit Ratio 20.8 ％ （YoY ‐13.6%） Industrial market The sales for
Slide 4: FY2017 1Q – FY2018 3Q Orders and Sales
FY2017 1Q – FY2018 3Q Orders and Sales (Consolidated Basis, Index Number) Total Order Sales：Steadily growing 130 Sales mainly by Automotive Order：Sharply decreased 120 111 110 110 109 104 104 104 102 107 Average of FY2017 100 = 100 98 98 94 94 90 91 88 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2017 FY2018 4
Slide 5: Sales by Markets: Smartphone / Mobile
FY2017 1Q – FY2018 3Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 115 112 109 108 Average 100of FY2017 =100 89 The sales for Chinese market slightly 80 84 increased, but the sales for whole smartphone market decreased a little. 69 Sales 60 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2017
Slide 6: Sales by Markets: Automotive
FY2017 1Q – FY2018 3Q Sales by Markets (Consolidated Basis, Index Number) 120 Automotive 116 111 105 104 101 Steadily growing up 100of Average FY2017 = 100 98 93 Sales 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2017 FY2018 6
Slide 7: Sales by Markets: FA Controlling Device and Others
FY2017 1Q – FY2018 3Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others Monthly Transition of Index 120 Oct 113、Nov 102、Dec 93 106 104 103 101 Average of 100 2017 100 = 100 97 97 Sales 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2017 FY2018 7
Slide 8: Business Results for FY2018.3Q [IFRS]
Business Results for FY2018.3Q 【IFRS】 （Unit ： hundred millions of yen） Increase / FY2017.3Q FY2018.3Q Increase / Decrease Decrease Ratio （FY ended Dec31, 2017） （FY ended Dec31, 2018） （YoY） （YoY） Sales 951.7 959.9 +8.2 +0.9% COGS Ratio 53.0% 55.1% +2.1 SGA Ratio 22.6% 24.1% +1.5 Operating Profit 231.
Slide 9: Major Changes over prior same period FY2018.3Q
Major Changes over prior same period FY2018.3Q Unit：hundred millions of Yen ■ Sales 8.2 hundred million yen Increase (951.7 → 959.9) Hirose ： +20.2 Subsidiaries ： ‐12.0 ■ COGS Ratio 2.1 point Increase (53.0% → 55.1%) Purchase Cost Ratio ： 37.8％ → 38.4％ Depreciation Ratio ： 6.5％ → 8.2％ ■ SGA Ratio 1.
Slide 10: FY2018.3Q YoY Variation analysis
FY2018.3Q YoY Variation analysis ( Unit : hundred millions of yen ) Earnings Operating Sales （％） before （％） profit income tax FY2017.3Q Actual 951.7 231.2 24.3% 234.8 24.7% Exchange rate ‐0.5 ‐1.0 6.1 Depreciation cost increase ‐18.7 ‐18.7 Labor cost increase ‐7.0 ‐7.0 Other SGA cost increase ‐11.0
Slide 11: Currency Effect for FY2018.3Q
Currency Effect for FY2018.3Q FY2017.3Q FY2018.3Q Currency rate：US$ 111.70 Yen 111.14 Yen Currency rate：€ 128.53 Yen 129.49 Yen Currency rate：100won 9.97 Yen 10.04 Yen ( Unit：Hundred millions of Yen ) YoY Currency effect amount Sales ‐0.5 Operating Profit ‐1.0 Earnings before income tax +6.1 11
Slide 12: Changes in Consolidated Balance Sheet: Total Assets
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2018 Dec 31, 2018 Decrease Remark Cash and Cash Payment of dividend, equivalents 694.0 516.8 ‐177.2 Corporate tax,etc A Trade receivables and other claim 315.0 322.5 7.5 S Inventories 121.9 139.0 17.1 S Oth
Slide 13: Changes in Consolidated Balance Sheet: Shareholder's Equity
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2018 Dec 31, 2018 Decrease Remark Payables and other debt 195.3 194.8 ‐0.5 Liabilities Income Taxes Payable 49.5 22.4 ‐27.1 Others 119.8 121.1 1.3 364.6 338.3 ‐26.3 Capital stock and 210.8 207.2 ‐3.6 Shareh
Slide 14: Sales Changes by Application
Sales Changes by Application (round number) 【Consolidated Basis】 350 4％ UP FY2017.3Q 300 FY2018.3Q 250 9％ DOWN 200 11％ UP 150 100 50 0 General Industrial Smartphone/Mobile Phone Automotive Digital Consumer Tablet/Notebook PC Communication Computer Related Office Machinery General Smartphone / Automo
Slide 15: Sales by Application
Sales by Application (round number) (Consolidated Basis) Computer Related Office Machinery 27Communication ％ Computer Related Equipment *2 *1 Equipment *2 2% Communication 4% 3% *1 Tablet / Tablet / Notebook Office Machinery Notebook PC 2% PC 3% Digital 6% Digital 4% Consumer General Consumer Electr
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 80 72 73 71 71 72 70 60 50 45 44 45 43 43 40 30 20 Overseas Sales Ratio 10 Overseas Production Ratio 0 FY2014 FY2015 FY2016 FY2017 FY2018.3Q 16
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) (hundred millions of Yen) Last：160 （％） 180 40.0 Capital Investment 170 Depreciation 159 160 Capital Investment Ratio Depreciation Ratio Last： 115 140 132 135 30.0 125 118 120 111 103 100 91 20.0 80 77 14.1 12.7 13.0 60 11.5 9.8 10.0 40
Slide 18: Business Forecast for the Year Ending March 31, 2019
Business Forecast for the Year Ending March 31,2019 (Consolidated) 【IFRS】 We revised down our forecast announced in May, 2018 because of ( Unit： the weak smartphone market and the world economic slowdown. Hundred millions of yen ) FY2017 2018.3Q For the Year FY2018 (FY ended Mar31, 2018) Over the Pr