Slide 1: Consolidated Results of the 1st Quarter FY 2008
SUMIDA CORPORATION - Consolidated Results of the 1st Quarter FY 2008 - 8th May 2008 Shigeyuki Yawata, CEO Saburo Matsuda, CFO Copyright © 2008 SUMIDA CORPORATION. All Rights Reserved.
Slide 2: Summary of the 1st Quarter FY2008
Summary of the 1st Quarter FY2008 Substantial Actual Main reason Achievement achievement (＊ ) Disposal of Inverter Unit Decreased by business and part of the Decreased by Net Sales 12.2% y/y VOGT EMS business in 2.0% y/y FY2007 Improved profitability through the disposal of Operating Increased by In
Slide 3: Consolidated Results 1Q 2008
1. Consolidated Results 1Q 2008 （unit：Millions of yen） Comparison with 1Q 2008 1Q 2007 1Q 2008 Achievement Actual Plan Difference Actual Difference Diff. in % ratio Net Sales 14,835 15,600 (765) 95.1% 16,888 △2,053 87.8% Operating 1,042 1,000 42 104.2% 705 337 147.8% Income O.I.R. 7.0% 6.4% 4.2% Ord
Slide 4: Net Sales Breakdown
2. Net Sales Breakdown （unit : Millions of yen） 1Q 2008 1Q 2007 Difference Coil 9,101 9,288 (187) Inverter 312 1,412 (1,100) (transformers only) VOGT Components 5,004 5,563 (559) VOGT EMS 418 625 (207) Total 14,835 16,888 (2,053) Copyright © 2008 SUMIDA CORPORATION. All Rights Reserved.
Slide 5: Net Sales
3. Net Sales （Comparison with 1Q 2007 taking into consideration disposal of business & change of accounts processing） （Unit : Millions of yen） 1Q 2008 1Q 2007 Disposal of Restatement Actual Actual Business & Difference Change of Accounts processing Coil (incl. inverter transformers) （disposal of Inv
Slide 6: Net Sales (restated and Forex impact)
4. Net Sales （comparison with restated 1Q 2007 and Forex impact） （Unit : Millions of yen） 1Q 2008 1Q 2007 Diff. Disposal of business & change of accounting 14,835 15,133 (298) process Forex impact Net sales in 1Q 2008 Coil (809) increased by +4.2% compared 1Q 2007, excluding Forex impact Components
Slide 7: Sales Analysis: Coil
4-1. Sales Analysis （Unit : Millions of yen） 1Q 2008 1Q 2007 Diff. A* Diff. B** Forex Coil Impact Inverter 312 1,412 (1,100) (1,100) Coil (Japan) 2,269 2,347 (78) (78) Coil (Overseas) 6,832 6,941 (109) +700 809 9,413 10,700 (1,287) (478) * Diff. A: 1Q 2008 vs. 1Q 2007 at respective exchange rates **
Slide 8: Sales Analysis: VOGT Components
4-2. Sales Analysis （Unit : Millions of yen） VOGT Components 1Q 2008 1Q 2007 Diff. A* Diff. B** Forex Impact Material sales for － 485 (485) (485) subcontracts Sales for North 651 699 (48) +33 81 America Sales for Europe 4,353 4,379 (26) (26) 5,004 5,563 (559) (478) * Diff. A: 1Q 2008 vs. 1Q 2007 at
Slide 9: Sales Analysis: EMS
4-3. Sales Analysis （Unit : Millions of yen） EMS 1Q 2008 1Q 2007 Diff. Letron － 170 (170) Others 418 455 (37) 418 625 (207) Comparison at exchange rates of: ＠¥157.7 ＠¥156.5 per EUR per EUR ＠¥105.4 ＠¥119.3 per US$ per US$ Copyright © 2008 SUMIDA CORPORATION. All Rights Reserved.
Slide 10: Sales Analysis versus Plan
4-4. Sales Analysis （Unit : Millions of yen） 1Q 2008 Actual Plan Difference Net Sales 14,835 15,600 (765) ① Sales amount of March Inventory stock adjustment by finished (445) goods manufacturers ② Delay of announcement of new products by the manufacturer Hong Kong/China, North America (240) ③ Forex
Slide 11: Operating Income Analysis
5. Operating income Analysis （Unit : Millions of yen） 1Q 2008 1Q 2007 Diff. 1.Jensen 75 2.Automotive 182 3.Others (42) Coil 1,376 1,161 +215 4.Sales decrease Effect of restructuring VOGT Components 396 238 +158 measures VOGT EMS (4) (7) +3 Total 1,768 1,392 +376 Elimination (726) (687) (39) 1,042 70
Slide 12: Operating Income Analysis by Segment
5-1. Operating Income Analysis （Unit : Millions of yen, ％） 1Q 2008 1Q 2007 Difference Coil 1,376 1,161 215 O.I.R.（％） 14.3 10.8 － VOGT Components 396 238 158 O.I.R.（％） 7.8 4.2 － VOGT EMS (4) (7) 3 O.I.R（％） (1.0) (1.1) － Elimination (726) (687) (39) Total 1,042 705 337 O.I.R.（％） 7.0 4.2 － Copyright ©
Slide 13: Forex Analysis
6. Forex Analysis Sales 08.1Ｑ （＠￥105） 07.1Ｑ （＠￥120） Difference Company A: $10,000 ¥1,050,000 ¥1,200,000 ¥(150,000) Company B: $7,500 ¥787,500 ¥900,000 ¥(112,500) Company C: ¥300,000 ¥300,000 ¥300,000 ¥2,137,500 ¥2,400,000 89.1% Operating income Company A: ＄1,000 ¥105,000 ¥120,000 ￥(15,000) Company B
Slide 14: Extraordinary Loss
7. Extraordinary Loss （Unit : Millions of yen） 1. Merger of VOGT electronic Obernzell 6 GmbH and VOGT electronic Components GmbH 2. Acknowledgement of a spin-off plan of a 35 subsidiary, allocated accrued expense 3. Others 7 Total 48 Copyright © 2008 SUMIDA CORPORATION. All Rights Reserved.
Slide 15: Sales by Business
8. Sales by Business 1Q 2008 1Q 2007 Difference Amount (Millions of yen) (Millions of yen) (%) (Millions of yen) Magnetics 5,457 5.964 (507) 91.5 Inverter 312 1,412 (1,100) 22.1 Automotive 2,630 2,294 335 114.6 Panta 501 465 36 107.7 STELCO 508 553 (45) 91.9 VOGT Components 5,004 5,563 (559) 90.0 VO
Slide 16: Sales by Area
9. Sales by Area 1Q 2008 1Q 2007 Difference Composition Composition （Millions of yen） （Millions of yen） ratio (%) （Millions of yen） ratio (%) Japan 2,274 15.3 2,347 13.9 (74) Hong Kong 2,351 15.8 3,023 17.9 (672) /China ASEAN 678 4.6 738 4.4 (60) Taiwan 389 2.6 1,002 5.9 (613) /Korea NAFTA 1,479 10.
Slide 17: Forecast for 2Q 2008
10. Forecast for 2Q 2008 2Q 2008 2Q 2007 Difference Forecast Actual (Millions of yen) (Millions of yen) (Millions of yen) ％ Net Sales 16,300 18,402 (2,102) (11.4) Operating Income 1,280 1,253 27 2.2 O.I.R. 7.9% 6.8% Ordinary Income 1,000 1,750 (750) (42.9) Net Income 600 679 (79) (11.6) Copyright ©
Slide 18: Result of the 1st Quarter FY2008 and Future Prospects
Result of the 1st Quarter FY2008 and Future Prospects Challenge and results in Approach and prospects from 1st quarter 2nd quarter onward 1. Sales for Automotive in Europe 1. To increase the number of automotive grew steady products 2．Operational efficiency in Europe 2．To further improve the operati
Slide 19: Market Positioning of SUMIDA
Market Positioning of SUMIDA FY2007 Unit： Millions of yen Internal Total in Market Market Market SECL SVG transaction SUMIDA Scale** Share Consumer *27,200 *11,900 （800） 38,300 500,000 7.7% electronics Automotive 9,800 12,200 - 22,000 500,000 4.4% Industrial - 4,200 - 4,200 200,000 2.1% machine Tota
Slide 20: New Mid-Term Business Plan Triple Ex of FY 08-10
New Mid-Term Business Plan “Triple Ex” of FY 08-10 We aim for Excellence : Sustained Profitability Market Leadership High Corporate Value Through Exceptional Execution: Global, Speed, Focus Low cost/high quality products/solutions Extraordinary Technology: Innovative, Exciting, & „No one can duplica
Slide 21: Triple Ex - 5 main themes
Triple Ex - 5 main themes 1. “Sumida Production Silk Road” Concept 2. Utilization of capabilities to respond to customers’ needs 3. Investment in pioneer technique and innovative R&D 4. Implementation of global systems in R&D, production and sales aspects 5. Develop and strengthen the Global Managem
Slide 22: Measures to achieve Triple Ex
Measures to achieve “Triple Ex” Sumida Sumida “Silk “Silk Road” Road” concept concept Challenge Challenge towards towards innovative innovative productivity productivity Manufacturing Manufacturing Optimize Optimize the the procurement procurement control control of of materials materials →Sharpen t
Slide 23: Triple Ex – Main quantitative goals
Triple Ex – Main quantitative goals 1．To achieve operating profit target of JPY 8.5 Billion by FY2010 (IFRS basis) Excluding FY2010’s additional JPY1.5B of R&D investment, JPY100 billion of Operating Profit is expected. 2．Develop and launch leading products and solution at least 10 new market leadin
Slide 24: Approaches to achieve ROE12%
Approaches to achieve ROE12% Equation Equation and and main main points points to to improve improve ROE ROE Net Income ROE ROE equation equation Shareholders equity Net Income Net Sales Total assets ¾ ROE ¾ ROE = = Net Sales X Total assets X Shareholders equity Utilizing Utilizingassets assets Focu
Slide 25: End of the Report
End of the Report Disclaimer The present slides are provided only to serve the purpose of disclosing information in your evaluation of the Company. Final decision on investments or similar decision is left to your absolute discretion. The Company disclaims responsibility or liability for any or all