Slide 1: Consolidated Financial Results for Fiscal Year 2009
Consolidated Financial Results for Fiscal Year 2009 (ended March 31, 2010) BA AA LA Building Automation Advanced Automation Life Automation May 7, 2010 Yamatake Corporation
Slide 2: Contents
Contents Fiscal Year 2009 Financial Results 1 FY2009 Financial Results P. 3 Medium-Term Plan for the “Period of Growth” 2 (FY2010 to 2013) P.16 3 Business Plan for FY2010 P.23 4 Return to Shareholders P.27 5 Supplementary Matters P.31 Current plans, targets, etc. discussed in this document that are
Slide 3: Key points of FY2009 financial results
1 FY2009 Financial Results Key points of FY2009 financial results Despite signs of recovery in some markets, the AA business suffered the effects of a stagnant business environment, which negatively impacted performance. This was the main reason why consolidated financial results recorded a fall in
Slide 4: Consolidated Financial Results
FY2009 Consolidated Financial Results 《Compared to the same period last year and the business plan》 From the year’s outset the economy was stagnant and corporate capital investment was either frozen or cut back; as a result, sales were 212.2 billion yen (down 10.1% from the previous fiscal year). In
Slide 5: Non-operating Income/Expenses and Extraordinary Income/Loss
FY2009 Non-operating Income/Expenses and Extraordinary Income/Loss 《Compared to the same period last year 》 Non-operating expenses were 0.8 billion yen, 0.8 billion yen less than the 1.6 billion yen of the previous fiscal year, mainly due to a drop in foreign exchange losses. There were an extraordi
Slide 6: Orders Received, Sales & Operating Income by Business Segment
FY2009 Orders Received, Sales & Operating Income by Business Segment 《Compared to the same period last year and the business plan 》 As a result of such factors as the completion of several large-scale production facilities in the previous fiscal year, BA business sales were 96.7 billion yen (down 3.
Slide 7: Orders Received by Business Segment
[Reference] FY2004 to 2009 Orders Received by Business Segment Billions of yen 300.0 242.3 248.6 250.0 8.8 231.8 11.3 36.6 6.9 208.0 37.0 195.3 35.9 5.5 200.0 176.7 10.5 35.2 15.2 4.9 150.0 102.9 101.6 92.5 95.7 69.7 86.2 Others 100.0 LA AA BA 50.0 94.7 102.1 98.3 98.9 77.1 86.0 0.0 FY2004 FY2005 FY
Slide 8: Sales by Business Segment
[Reference] FY2004 to 2009 Sales by Business Segment Billions of yen 300.0 248.6 250.0 234.6 8.4 236.2 11.1 36.5 7.9 212.2 36.8 35.9 5.3 200.0 180.8 188.3 34.7 10.4 15.5 4.6 150.0 105.4 93.6 99.7 76.9 84.3 93.0 Others 100.0 LA AA BA 50.0 89.0 100.5 100.4 96.7 82.6 82.2 0.0 FY2004 FY2005 FY2006 FY200
Slide 9: Operating Income by Business Segment
[Reference] FY2004 to 2009 Operating Income by Business Segment Billions of yen 25.0 20.5 20.0 0.1 17.3 17.8 0.4 13.5 8.9 5.0 15.0 0.2 12.4 9.4 9.1 0.4 10.0 7.5 0.6 4.7 13.1 Others 11.8 11.5 5.0 8.5 LA 5.5 6.5 AA (0.7) (0.5) (0.3) BA 0.0 (0.9) (0.2) (0.0) (0.1) (5.0) FY2004 FY2005 FY2006 FY2007 FY20
Slide 10: International Business (Overseas Sales)
FY2009 International Business(Overseas Sales) 《Compared to the same period last year》 Following indications of a pickup in the global economy, there were signs of a steady recovery in overseas sales from the second half of the fiscal year; however, cumulative sales came to 14.5 billion yen (down 19.
Slide 11: International Business (Overseas Sales)
[Reference] FY2007 to 2009 International Business (Overseas Sales) Billons of yen Overseas sales by region 25.0 19.4 20.0 0.3 18.0 1.5 0.7 2.2 1.1 1.5 14.5 15.0 0.4 0.9 1.0 Others 5.7 6.4 Europe North America 10.0 5.1 China Asia (except China) 5.0 9.7 8.3 7.1 0.0 Reference ： Average Exchange Rate FY
Slide 12: Consolidated Balance Sheets
FY2009 Consolidated Balance Sheets Owing mainly to the fall in operating capital, total assets stood at 218.5 billion yen, down 1.1% compared to the end of the previous fiscal year. (Billions of yen) FY2007 FY2008 FY2009 Difference FY2007 FY2008 FY2009 Difference 4Q 4Q 4Q 4Q 4Q 4Q Mar.08 Mar.09 Mar.
Slide 13: Consolidated Balance Sheets
[Reference] FY2007 to 2009 Consolidated Balance Sheets Assets Liabilities & Net assets Billions of yen Billions of yen 250.0 250.0 228.8 228.8 220.8 218.5 220.8 218.5 32.3 200.0 37.9 42.1 36.0 45.1 200.0 35.0 19.0 16.9 15.2 150.0 85.5 74.8 150.0 46.0 43.0 39.0 74.7 100.0 23.4 21.2 100.0 16.4 28.3 27
Slide 14: Consolidated Cash Flows
FY2009 Consolidated Cash Flows Net cash provided by operating activities was 15.7 billion yen. Net cash provided by investment activities was 2.0 billion yen due to the increase in proceeds from the sales of short-term investment securities, etc. Net cash used for financing activities in the current
Slide 15: Consolidated Cash Flows
[ Reference] FY2007 to 2009 Consolidated Cash Flows Billons of yen ■Operatin g ■In vestin g ■ＦＣＦ ■Fin an cin g 25.0 21.1 20.5 21.4 20.0 17.7 15.7 15.0 10.0 4.8 5.0 2.0 0.0 (0.6) (5.0) (6.4) (6.8) (10.0) (8.6) (15.0) (16.6) (20.0) FY2007 FY2008 FY2009 © 2010 Yamatake Corporation All Rights Reserved.
Slide 16: Medium-Term Plan for the Period of Growth (FY2010 to 2013)
2 Medium-Term Plan for “the Period of Growth” (FY2010 to 2013) © 2010 Yamatake Corporation All Rights Reserved. 16
Slide 17: azbil Group Philosophy
azbil Group Philosophy To realize safety, comfort and fulfillment in people’s lives and contribute to global environmental preservation through “human-centered automation.” To achieve our philosophy, We create value together with customers at their site. We pursue our unique value based on the idea
Slide 18: Long-term Goals and Reform Activities
Long-term Goals and Reform Activities 【Long-term Goal 】 By focusing on the human, and realizing a world of automation created by human ingenuity and technology, we will become a top-class global corporate group that enhances the safety and security of its customers, helps to improve their corporate
Slide 19: General overview of the period of firmly establishing the foundation
FY2007 to 2009 General overview of the “period of firmly establishing the foundation” z The business environment rapidly deteriorated as a result of the global economic recession, and initial targets (May, 2007) were not achieved. z Aided by the tripartite nature of the business portfolio (BA, AA,LA
Slide 20: Measures to strengthen the business structure
FY2007 to 2009 Measures to strengthen the business structure in the “period of firmly establishing the foundation” Expanded BA system upgrading/service for existing buildings, which represents a stable, profitable business. BA Developed and expanded businesses with growth potential –security, overse
Slide 21: Basic policy for the period of growth
FY2010 to 2013 Basic policy for the “period of growth” Reform business structure ＜Creating new businesses＞ The BA business will evolve into a next-generation environmental control business that contributes BA to safety, comfort and the global environment. Making use of its strengths in providing hig
Slide 22: The Period of Growth Performance Targets
FY2010 to 2013 The “Period of Growth” Performance Targets Continue to aim at achieving operating income in excess of 30.0 billion yen and sales of the order of 300.0 billion yen, previously set out as long-term goals. However, in view of the business environment, the performance targets for FY2013 w
Slide 23: Business Plan for FY2010
3 Business Plan for FY2010 In this first year of the new Medium-Term Plan – the period of growth (FY2010 to 2013) – both sales and income are forecast to increase as a result of improvements made to the business structure and also an expected pickup in the business environment. © 2010 Yamatake Corpo
Slide 24: Consolidated Operating Plan
FY2010 Consolidated Operating Plan Based on the results of the “period of firmly establishing the foundation”, the policy of “creating new businesses (business structural reform)” will be advanced, aiming for business expansion through realizing and embedding “human-centered automation.” In FY2010,
Slide 25: Operating Plan by Segment
FY2010 Operating Plan by Segment BA business: Robust performance is forecast. This is partly because recovery is expected in the market for new buildings, but also because the business for existing buildings and the service business are expected to achieve a solid performance. An important factor in
Slide 26: Results and Business Plan for FY2010 by Segment
[Reference] FY2007 to 2009 Results and Business Plan for FY2010 by Segment Billions of yen 《Net sales》 《Operating Income》 Billions of yen 300.0 25.0 BA AA LA Others BA AA LA Others 248.6 20.5 8.4 236.2 225.0 250.0 20.0 7.9 212.2 3.8 17.8 36.5 5.3 16.0 35.9 35.0 8.9 200.0 15.0 5.0 0.5 34.7 12.4 2.5 0
Slide 27: Return to Shareholders
4 Return to Shareholders FY2009 (ended March 31, 2010) Dividends FY2010 (ending March 31, 2011) Dividends Forecast © 2010 Yamatake Corporation All Rights Reserved. 27
Slide 28: FY2009 Dividends
FY2009 Dividends Placing great importance on the profit sharing with shareholders, Yamatake is planning to issue dividends of 62 yen per share, as announced at the beginning of May, 2009. FY2009 (Interim) (Year-end) (Annual) Paid on Planned to pay December, 2009 on June, 2010 31 yen + 31 yen ＝ 62 ye
Slide 29: FY2010 Dividends Forecast
FY2010 Dividends Forecast Despite the fact that uncertainty exists in the business environment, Yamatake is planning to increase the ordinary dividend by 1 yen to issue an annual dividend of 63 yen per share, aiming to improve the dividend level continuously. FY2010 (Interim) (Year-end) (Annual) Dec
Slide 30: 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. 70 (Yen) 63yen Commemorative dividend 60 Year-end dividend Interim diviend 50 31 31 31.5 10 30 40 25 30 20 20 13 30 31 31 31.5 25 10 6 8 20 6 6
Slide 31: Supplementary Matters
5 Supplementary Matters © 2010 Yamatake Corporation All Rights Reserved. 31
Slide 32: Capital Investments, Depreciation and R&D Cost
[Reference] Capital Investments, Depreciation and R&D Cost (Billions of yen) FY2009 FY2010 Actual Initial plan Difference (A) (B) (B)-(A) % Change ●Capital investments Yamatake 1.8 3.0 1.2 64.4 % Consolidated subsidiaries 0.9 1.0 0.1 14.8 % Total 2.7 4.0 1.3 48.4 % ●Depreciation Yamatake 3.5 3.6 0.1
Slide 33: To realize safety, comfort and fulfillment in people’s lives, and contribute to global environmental
To realize safety, comfort and fulfillment in people’s lives, and contribute to global environmental preservation through “human-centered automation.” Yamatake Corporation