Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2018 Earnings Presentation
23 slides from Harada Industry's earnings presentation, Nov 27, 2018
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2019
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2019 Harada Industry Co., Ltd. November 27, 2018 Securities Code: 6904 http://www.harada.com
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
Slide 3: I. Corporate Overview
|. 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 for multi- band antennas including: AM / FM, DAB, satellite (SDARS), telematics applications, GNSS and 3G/4G LTE. Rod Type Antenna Support for multi-band antennas including: AM / FM, DAB, satellite (SDARS), telematics applications, GNSS and 3G/4G
Slide 7: 3. Major Products 2
3. Major Products 2 Amplifier for Screen Type Antenna Film Antenna for DTV Other Integrated Type (Hidden) Antenna Can be integrated beneath plastic roof panel, into spoiler, trunk lid or bumper. Support for multi-band antennas. 7
Slide 8: 3. Major Products 3
3. Major Products 3 Coaxial Cables Connecting antennas and audio units. Routing design, design and development to in-house manu- facturing and assembly of components. STP Cables Transfer massive data at high speed. 8
Slide 9: II. Financial Results for 2Q FY2018 (Consolidated)
II. Financial Results for 2Q FY2018 (Consolidated) 9
Slide 10: 1. Net Sales Trend
1. Net Sales Trend 250 (Hundred millions of yen) Europe North and Central Americas 211 215 213 Asia 203 200 198 22 20 Japan 23 19 21 175 152 15 66 62 150 12 74 64 65 60 110 47 5 101 100 7 58 57 78 37 52 54 53 4 33 29 41 21 16 50 8 17 63 60 64 68 72 51 58 59 44 42 0 2Q FY2009 10 11 12 13 14 15 16 17
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2017 2Q FY2018 Increase Previous year Current year Main factors or Composition Composition in increase or decrease ratio (%) ratio (%) decrease - Japan: 440 21,523 21,345 - Asia: (97) (currency effect: 47) Net sales (177) - Nor
Slide 12: 3. Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 1,000 815 800 604 600 541 444 399 400 309 340 270 200 0 (200) (400) (465) (600) (551) 2Q FY2009 10 11 12 13 14 15 16 17 18 Current year 12
Slide 13: 4. Changes in Operating Income
4. Changes in Operating Income (Millions of yen) Decrease in gross profit due to decrease in net sales Decrease in selling, general and administrative expenses - Decrease in logistic costs (44) - Decrease in R&D expenses (519) 125 1,165 726 Decrease in gross profit due to increase in cost of sales r
Slide 14: 5. Summary of 2Q Consolidated Balance Sheet
5. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2017 Component 2Q FY2018 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 26,562 77.4% 25,525 76.5% (1,037) Non-current assets 7,767 22.6% 7,846 23.5% 78 Total assets 34,330 100.0% 33,371 100.
Slide 15: 6. Sales Breakdown by Reportable Segments
6. Sales Breakdown by Reportable Segments 2Q FY2017 Europe Previous year 10.3% (Millions of yen) North Japan Previous Current and 31.9% year year Central Americas Impact of Asia Increase 30.8% 2Q 2Q Net 27.0% or foreign FY2017 FY2018 change decrease exchange Japan 6,858 7,299 440 － 440 Asia 5,809 5,
Slide 16: 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 FY2009 10 11 12 13 14 15 16 17 18 Current year 2Q FY2009 10 11 12 13 14 15 16 17 18 Op
Slide 17: 8-9. Depreciation and R&D Expense Trend
8. Depreciation Trend (Millions of yen) 700 600 499 528 500 417 410 430 421 400 334 368 287 263 300 200 100 0 2Q FY2009 10 11 12 13 14 15 16 17 18 9. Research and Development Expense Trend (Millions of yen) 1000 764 821 800 718 759 717 689 656 600 417 452 451 400 200 0 2Q FY2009 10 11 12 13 14 15 16
Slide 18: 10. Number of Employees
10. Number of Employees 1 (People) 6,000 4,705 4,835 4,315 4,370 4,411 4,000 3,450 3,553 2,372 2,342 2,062 2,000 0 2Q FY2009 10 11 12 13 14 15 16 17 18 10. Number of Employees 2 (Regional Breakdown) (People) 6,000 Japan Asia North and Central Americas Europe 49 48 46 45 49 4,000 42 44 941 1,170 1,30
Slide 19: 11. Dividend and Stock Price Trend
11. Dividend and Stock Price Trend (Yen) 2,000 15.0 Dividends Stock prices (highest) 10.0 1,500 Stock prices (lowest) 10.0 10.0 10.0 7.5 7.5 7.5 7.5 7.5 7.5 1,000 5.0 5.0 500 0.0 0 0.0 FY2009 10 11 12 13 14 15 16 17 2Q 4Q FY2018 FY2018 Forecast Stock Price Trend (Yen) 2Q FY2009 10 11 12 13 14 15 16
Slide 20: 12. Foreign Exchange Rate Trend
12. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 19.73 300 16.05 16.32 16.49 16.66 18 15.46 250 15 12.47 192.80 200 159.54 172.63 12 150.28 138.32 145.77 144.48 133.04 129.77 123.13 150 9 100 122.49 6 98.61 101.37 102.88 112.00 110.54 50 96.02 88.49 3 80.73 79.31 0 0 2Q FY2009
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） （Thousands） 10,000 55,000 9,500 9,201 50,000 46,587 9,000 8,785 45,000 40,995 8,500 40,000 8,000 35,000 7,500 30,000 2016 2017 2018 2019 2020 2021 2022 2016 2017 2018 2019 2020 2021 2022 North and Central Americas
Slide 23: HARADA
HARADA Automotive Antenna Authority