Nachi-fujikoshi Corp. · TSE:6474
Nachi-fujikoshi — H1 FY2010 Earnings Presentation
15 slides from Nachi-fujikoshi's earnings presentation, Jul 13, 2010
Slide 1: Contents
㪡㫌㫃㫐㩷㪈㪊㪃㩷㪉㪇㪈㪇 㪥㪘㪚㪟㪠㪄㪝㪬㪡㪠㪢㪦㪪㪟㪠㩷㪚㪦㪩㪧㪅 Contents 㪧㪸㫉㫋㩷㪈 㪪㫋㫉㪸㫋㪼㪾㫀㪺㩷㪧㫆㫊㫀㫋㫀㫆㫅㫀㫅㪾㩷㪸㫅㪻 㪉㩷㫋㫆㩷㪎 㪤㪸㫅㪸㪾㪼㫄㪼㫅㫋㩷㪧㫆㫃㫀㪺㫐㩷㪽㫆㫉㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪧㪸㫉㫋㩷㪉 㪦㫌㫋㫃㫀㫅㪼㩷㫆㪽㩷㪦㫇㪼㫉㪸㫋㫀㫆㫅㫊 㪈䋮㪠㫅㫋㪼㫉㫀㫄㩷㪩㪼㫊㫌㫃㫋㫊㩷㫆㪽㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪏㩷㫋㫆㩷㪈㪎 㪉䋮㪝㫆㫉㪼㪺㪸㫊㫋㩷㫆㪽㩷㪩㪼㫊㫌㫃㫋㫊㩷㪽㫆㫉㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪈㪏㩷㫋㫆㩷㪉㪌 䋱
Slide 2: Actual First Half Results and Forecast of Fiscal 2010
䋲 㪘㪺㫋㫌㪸㫃㩷㪝㫀㫉㫊㫋㩷㪟㪸㫃㪽㩷㪩㪼㫊㫌㫃㫋㫊㩷㪸㫅㪻㩷㪝㫆㫉㪼㪺㪸㫊㫋㩷㫆㪽㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 䂾 㪧㫉㫆㪽㫀㫋㩷㪸㫅㪻㩷㪣㫆㫊㫊㩷㪪㫋㪸㫋㪼㫄㪼㫅㫋㫊 䋨㪬㫅㫀㫋䋺 㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇㩷 㪠㫅㫋㪼㫉㫀㫄 㪝㫆㫉㪼㪺㪸㫊㫋㫊 㪥㪼㫋㩷㪪㪸㫃㪼㫊 䋶䋱䋵 䋱㪃䋳䋳䋵 㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷㪠㫅㪺㫆㫄㪼 㩿䋵㪅䋰㩼㪀 䋳䋰 㩿䋵㪅䋸㩼㪀㩷 䋷䋸 㪦㫉㪻㫀㫅㪸㫉㫐㩷㪠㫅㪺㫆㫄㪼㩷㩷 㩿䋳㪅䋷㩼㪀 䋲䋲 㩿䋴㪅䋵㩼㪀㩷㩷㩷㩷䋶䋰 㪜㫏㫋㫉㪸㫆㫉㪻㫀㫅㪸㫉㫐㩷㪧㫉㫆㪽㫀㫋 䋰 䋰 㪜㫏㫋㫉㪸㫆㫉㪻㫀㫅㪸㫉㫐㩷㪣㫆㫊㫊 䋰 䋲 㪥㪼㫋㩷㪠
Slide 3: Management Policy for Fiscal 2010
㪤㪸㫅㪸㪾㪼㫄㪼㫅㫋㩷㪧㫆㫃㫀㪺㫐㩷㪽㫆㫉㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 䂾 㪠㫄㫇㫉㫆㫍㪼㩷㫇㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㩷㪹㫐㩷㫊㪼㪺㫌㫉㫀㫅㪾㩷㫆㫉㪻㪼㫉㫊㩷㫉㪼㪺㪼㫀㫍㪼㪻㩷㪸㫅㪻㩷 㫊㪸㫃㪼㫊㪃㩷㪸㫅㪻㩷㫀㫄㫇㫃㪼㫄㪼㫅㫋㫀㫅㪾㩷㪽㫌㫃㫃㪄㫊㪺㪸㫃㪼㩷㪺㫆㫊㫋㩷㫊㫋㫉㪸㫋㪼㪾㫀㪼㫊㩷 㸇 㪚㫌㫃㫋㫀㫍㪸㫋㪼㩷㪤㪸㫉㫂㪼㫋㫊㩷㫀㫅㩷㪜㫄㪼㫉㪾㫀㫅㪾㩷㪥㪸㫋㫀㫆㫅㫊㩷 㸈 㪜㫏㫇㪸㫅㪻㩷㪜㫅㪼㫉㪾㫐㪃㩷㪠㫅㪽㫉㪸㫊㫋㫉㫌㪺㫋㫌㫉㪼㪃㩷㪸㫅㪻㩷㪜㫅㫍㫀㫉㫆㫅㫄㪼㫅㫋㩷 㪩㪼㫃㪸㫋㪼㪻㩷㪙㫌㫊㫀㫅㪼㫊㫊㪼㫊㩷 㸉 㪜㫅㪼㫉㪾㫀㫑㪼㩷㪸㫅㪻㩷㪣㪼㫍㪼㫉㪸㪾㪼㩷㪜㫅㪾㫀㫅㪼㪼㫉㫀㫅㪾㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷 㸊
Slide 4: Cultivate Markets in Emerging Nations
㪚㫌㫃㫋㫀㫍㪸㫋㪼㩷㪤㪸㫉㫂㪼㫋㫊㩷㫀㫅㩷㪜㫄㪼㫉㪾㫀㫅㪾㩷㪥㪸㫋㫀㫆㫅㫊㩷㸈 㪜㫏㫇㪸㫅㪻㩷㫃㫆㪺㪸㫃㩷㫇㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㫊㫋㫉㫌㪺㫋㫌㫉㪼 䍃㪪㫋㫉㪼㫅㪾㫋㪿㪼㫅㪼㪻㩷㫋㪿㪼㩷㫇㫉㫆㪻㫌㪺㫋㫀㫆㫅㩷㫊㫋㫉㫌㪺㫋㫌㫉㪼㩷㫀㫅㩷㪚㪿㫀㫅㪸 㩿㪪㪿㪸㫅㪾㪿㪸㫀㩷㪸㫅㪻㩷㪛㫆㫅㪾㪾㫌㪸㫅㪀㪃㩷㪫㪿㪸㫀㫃㪸㫅㪻㪃㩷㪙㫉㪸㫑㫀㫃㩷㪸㫅㪻㩷㩷㪠㫅㪻㫀㪸㩷 㪽㫆㫉㩷㪹㪼㪸㫉㫀㫅㪾㫊㪃㩷㪿㫐㪻㫉㪸㫌㫃㫀㪺㩷㪼㫈㫌㫀㫇㫄㪼㫅㫋㫊㩷㪸㫅㪻㩷㪺㫌㫋㫋㫀㫅㪾㩷㫋㫆㫆㫃㫊 㪪㫋㫉㪼㫅㪾㫋㪿㪼㫅㪼㪻㩷㫋㪿㪼㩷㫊㪸㫃㪼㫊㩷㫊㫋㫉㫌㪺㫋㫌㫉㪼㩷㪽㫆㫉㩷㫉㫆㪹㫆㫋㩷㪸㫅㪻㩷㩷 㪪㪿㪸㫅㪾㪿㪸㫀㪑㩷㪪㫋㫉㪼㫅㪾㫋㪿㪼㫅㪼㪻
Slide 5: Summary of Interim Results of Fiscal 2010
䋸 㪪㫌㫄㫄㪸㫉㫐㩷㫆㪽㩷㪠㫅㫋㪼㫉㫀㫄㩷㪩㪼㫊㫌㫃㫋㫊㩷㫆㪽㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪤㫀㪻㵭 㪈㪇 䂾 㪧㫉㫆㪽㫀㫋㩷㪸㫅㪻㩷㪣㫆㫊㫊㩷㪪㫋㪸㫋㪼㫄㪼㫅㫋㫊 䋨㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪐 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪚㪿㪸㫅㪾㪼㫊 㪠㫅㫋㪼㫉㫀㫄㩷㩿䌁㪀 㪠㫅㫋㪼㫉㫀㫄㩷㩿㪙㪀 㩿㪙㪀㩷㪄 㩿㪘㪀 㪥㪼㫋㩷㪪㪸㫃㪼㫊 䋵䋵䋴 䋶䋱䋵 㩿䋫䋱䋱㪅䋰㩼㪀 䋫䋶䋰 㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷㪠㫅㪺㫆㫄㪼 㩿䂦䋳㪅䋲㩼㪀㩷㩷 䂦䋱䋷 㩿䋵㪅䋰㩼㪀 䋳䋰 䋭 䋫䋴䋸 㪦㫉㪻㫀㫅㪸㫉㫐㩷㪠㫅㪺㫆㫄㪼 㩿䂦䋵㪅䋳㩼㪀㩷 䂦䋲䋹 㩿䋳㪅䋷㩼㪀 䋲䋲 䋭 䋫䋵䋱 㪜㫏㫋㫉㪸㫆㫉㪻㫀㫅
Slide 6: B/S and management indicators; Cash Flows
䌂/䌓 and management indicators 㪤㫀㪻㵭 㪈㪇 䋨㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪐 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪚㪿㪸㫅㪾㪼㫊 㪠㫅㫋㪼㫉㫀㫄㩷㩿䌁㪀 㪠㫅㫋㪼㫉㫀㫄㩷㩿㪙㪀 䋨㪙䋩㪄䋨㪘䋩 㪫㫆㫋㪸㫃㩷㪘㫊㫊㪼㫋㫊 䋱㪃䋷䋹䋲 䋱㪃䋷䋷䋹 䂦䋱䋲 㪪㪿㪸㫉㪼㪿㫆㫃㪻㪼㫉㫊’ 㪜㫈㫌㫀㫋㫐 䋨䋲䋹㪅䋴㩼䋩 䋵䋲䋶 䋨䋲䋷㪅䋸㩼䋩 䋴䋹䋵 䂦䋳䋱 㩿㪼㫈㫌㫀㫋㫐㩷㪺㪸㫇㫀㫋㪸㫃㩷㫉㪸㫋㫀㫆㪀 㪛㪼㪹㫋㩷㫎㫀㫋㪿㩷㪠㫅㫋㪼㫉㪼㫊㫋 䋨䋱㪅䋲㫏䋩 䋸䋶䋴 䋨䋱㪅䋰㫏䋩 䋸䋰䋷 䂦䋵䋶 㩿㫅㪼㫋㩷㪛㪆㪜㩷㫉㪸㫋㫀㫆㪀 㪚㪸㫇㫀㫋㪸㫃㩷㪜㫏㫇㪼㫅㪻㫀㫋
Slide 7: Sales by Geographical Segment; Sales by Industry Segment
㪪㪸㫃㪼㫊㩷㪹㫐㩷㪞㪼㫆㪾㫉㪸㫇㪿㫀㪺㪸㫃㩷㪪㪼㪾㫄㪼㫅㫋 㪤㫀㪻㵭 㪈㪇 㩿㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㩷㫄㫀㫃㩷㫐㪼㫅㪀 㪊㪉㪎 㪊㪊㪊 㪊㪉㪎 㩿㪊㪈㪅㪉㩼㪀 㪊㪇㪎 㩿㪊㪊㪅㪇㩼㪀 㩿㪊㪉㪅㪏㩼㪀 㪈㪃㪇㪇㪇 㪚㫆㫄㫇㪸㫉㪼㪻㩷㫋㫆㩷㫋㪿㪼㩷 㩿㪊㪊㪅㪉㩼㪀 㪈㪋㪊 㪈㪋㪏 㪈㪍㪈 㫊㪸㫄㪼㩷㫇㪼㫉㫀㫆㪻㩷㫃㪸㫊㫋㩷㫐㪼㪸㫉 㪈㪉㪏 㪍㪇 㪌㪋 㪌㪇 㪦㫍㪼㫉㫊㪼㪸㫊㩷䋫㪉㪊㪅㪉㩼 㪏㪇㪇 㪌㪈 㪈㪉㪋 㪈㪊㪈 㪈㪈㪍 㪉㪊㪈 㪈㪉㪏 㪈㪏㪏 㪈㪏㪍 㩿㪊㪎㪅㪍㩼㪀 㪘㫊㫀㪸㩷䋫㪊㪌㪅㪍㩼 㪍㪇㪇 㩿㪊㪊㪅㪐㩼㪀 㩿㪊㪌㪅㪎㩼㪀 㪈㪊㪏 㪈㪇㪉 㪜㫌㫉㫆㫇㪼㩷䋫㪈㪏㪅㪌㩼 㪈㪇㪊 㪉㪍 㪉㪉
Slide 8: Sales by Business Segments (Cutting Tools & Machines)
㪪㪸㫃㪼㫊㩷㪹㫐㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷㪪㪼㪾㫄㪼㫅㫋㫊 㩿㪚㫌㫋㫋㫀㫅㪾㩷㪫㫆㫆㫃㫊㩷㩽㩷㪤㪸㪺㪿㫀㫅㪼㫊㪀 㩿㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㩷㫄㫀㫃㩷㫐㪼㫅㪀 㪤㫀㪻㵭 㪈㪇 㪚㫌㫋㫋㫀㫅㪾㩷 㪤㪸㪺㪿㫀㫅㪼㩷 㪫㫆㫆㫃㫊 㪫㫆㫆㫃㫊 㪈㪌㪇 㪚㫆㫄㫇㪸㫉㪼㪻㩷㫋㫆㩷 㪈㪍㪏 㪈㪌㪍 㪈㪌㪌 㫋㪿㪼㩷㫊㪸㫄㪼㩷 㪈㪌㪇 㫇㪼㫉㫀㫆㪻㩷㫃㪸㫊㫋㩷㫐㪼㪸㫉 㪈㪈㩼㩷㫌㫇 㪩㫆㪹㫆㫋㫊 㪈㪇㪇 㪐㪍 㪋㪏㩼㩷 㪏㪎 㪻㫆㫎㫅 㪏㪌 㪏㪋 㪈㪉㩼 㪎㪇 㪌㪇 㪎㪋 㪻㫆㫎㫅 㪌㪈 㪋㪋 㪊㪐 㪊㪋 㪉㪍 㪇 㪇㪏㵭 㪉㫅㪻 㪇㪐㵭 㪉㫅㪻 㪈㪇㵭 㪇㪏㵭 㪉㫅㪻 㪇㪐㵭 㪉㫅㪻 㪈㪇㵭 㪇㪏㵭 㪉㫅㪻 㪇㪐㵭
Slide 9: Net Sales & Operating Profits by Business Segments
㪥㪼㫋㩷㪪㪸㫃㪼㫊㩷㩽㩷㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷㪧㫉㫆㪽㫀㫋㫊㩷㪹㫐㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷㪪㪼㪾㫄㪼㫅㫋㫊 㪤㫀㪻㵭 㪈㪇 䋨Unit䋺 100 mil yen䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪐 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪚㪿㪸㫅㪾㪼㫊 㪠㫅㫋㪼㫉㫀㫄㩷㩿㪘㪀 㪠㫅㫋㪼㫉㫀㫄㩷㩿㪙㪀 㩿䋦㪀 㩿㪙㪀䋭㩿㪘㪀 㪫㫆㫆㫃㫊㩷 㩽㩷 㪤㪸㪺㪿㫀㫅㪼㫊 㪥 㪼 㫋 㩷 㪪 㪸 㫃 㪼 㫊 䋲䋱䋱 䋱䋷䋵 㩿䂦䋱䋶㪅䋹㩼㪀㩷 䂦䋳䋵 㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷 㪠㫅㪺㫆㫄㪼 䋨䂦䋳㪅䋰㩼䋩 䂦䋶 䋨䂦䋰㪅䋸㩼䋩 䂦䋱 䋭 䋫䋴 㪚 㫆 㫄 㫇 㫆 㫅 㪼 㫅 㫋 㫊 㪥 㪼 㫋 㩷 㪪 㪸 㫃 㪼 㫊 䋲䋸䋹 䋳䋸䋸 㩿䋫䋳
Slide 10: Management Plan of Fiscal 2010
䋱䋸 㪤㪸㫅㪸㪾㪼㫄㪼㫅㫋㩷㪧㫃㪸㫅㩷㫆㪽㩷㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇㩷 㪝㪰㵭 㪈㪇 䋨㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪐 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪚㪿㪸㫅㪾㪼㫊 㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㩿䌁㪀 㪝㫆㫉㪼㪺㪸㫊㫋㩿䌂㪀 㩿㪙㪀㩷㪄 㩿㪘㪀 㪥㪼㫋㩷㪪㪸㫃㪼㫊 䋱㪃䋰䋷䋵 䋱㪃䋳䋳䋵 㩿䋫䋲䋴㪅䋱㩼㪀㩷㩷㩷䋫䋲䋵䋹 㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷㪠㫅㪺㫆㫄㪼 㩿䂦䋳㪅䋰㩼㪀㩷㩷㩷䂦䋳䋲 㩿䋵㪅䋸㩼㪀㩷 䋷䋸 䋭 䋫䋱䋱䋰 㪦㫉㪻㫀㫅㪸㫉㫐㩷㪠㫅㪺㫆㫄㪼 㩿䂦䋴㪅䋷㩼㪀 䂦䋵䋰 㩿䋴㪅䋵㩼㪀㩷㩷㩷㩷䋶䋰 䋭 䋫䋱䋱䋰 㪜㫏㫋㫉㪸㫆㫉㪻㫀㫅㪸㫉㫐㩷㪧㫉㫆㪽㫀㫋 䋷 䋰 䂦䋷 㪜㫏㫋㫉㪸㫆
Slide 11: B/S and management indicators; Examples of capital investment
䌂㪆䌓 㪸㫅㪻㩷㫄㪸㫅㪸㪾㪼㫄㪼㫅㫋㩷㫀㫅㪻㫀㪺㪸㫋㫆㫉㫊 㪝㪰㵭 㪈㪇 䋨㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪐 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇 㪚㪿㪸㫅㪾㪼㫊 㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㩷㩿㪘㪀 㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㩷㩿㪙㪀 䋨㪙䋩㪄䋨㪘䋩 㪫㫆㫋㪸㫃㩷㪘㫊㫊㪼㫋㫊 䋱㪃䋷䋶䋲 䋱㪃䋷䋸䋰 䋫䋱䋷 㪪㪿㪸㫉㪼㪿㫆㫃㪻㪼㫉㫊㩷㪜㫈㫌㫀㫋㫐㩷 䋨䋲䋶㪅䋸㩼䋩 䋴䋷䋱 䋨䋲䋹㪅䋵㩼䋩 䋵䋲䋵 䋫䋵䋳 䋨㪼㫈㫌㫀㫋㫐㩷㪺㪸㫇㫀㫋㪸㫃㩷㫉㪸㫋㫀㫆䋩 㪛㪼㪹㫋㩷㫎㫀㫋㪿㩷㪠㫅㫋㪼㫉㪼㫊㫋 䋨䋱㪅䋴㫏䋩 䋸䋷䋴 䋨䋰㪅䋹㫏䋩 䋷䋴䋲 䂦䋱䋳䋱 䋨㫅㪼㫋 㪛㪆㪜 㫉㪸㫋㫀㫆䋩 㪚㪸㫇㫀㫋㪸㫃㩷
Slide 12: Cash Flows; Sales by Business Segments
Cash Flows 㪝㪰㵭 㪈㪇 䋨㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅䋩 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪇㪐㩷 㪝㫀㫊㪺㪸㫃㩷㪉㪇㪈㪇㩷 㪚㪿㪸㫅㪾㪼㫊 㪧㪼㫉㪽㫆㫉㫄㪸㫅㪺㪼㩷㩿䌁㪀 㪝㫆㫉㪼㪺㪸㫊㫋㩷㩿㪙㪀 䋨㪙䋩㪄䋨㪘䋩 㪚㪸㫊㪿㩷㪝㫃㫆㫎㫊㩷㪽㫉㫆㫄㩷㫆㫇㪼㫉㪸㫋㫀㫅㪾㩷 䂦䋲䋱 䋱䋹䋲 䋫䋲䋱䋴 㪸㪺㫋㫀㫍㫀㫋㫀㪼㫊䋨䌡䋩 㩿㪠㫅㫋㪼㫉㫅㪸㫃㫃㫐㪄㪾㪼㫅㪼㫉㪸㫋㪼㪻㩷㪽㫌㫅㪻㫊䋩 䋨䋴䋰䋩 䋨䋱䋵䋰䋩 䋫䋱䋱䋰 㩿㪮㫆㫉㫂㫀㫅㪾㩷㪺㪸㫇㫀㫋㪸㫃㪀 䋨䋵䋩 䋨䋲䋲䋩 䋫䋱䋷 䋨㪫㪸㫏㪼㫊㩷㫇㪸㫀㪻㩷㪸㫅㪻㩷㫆㫋㪿㪼㫉䋩 䋨䂦䋶䋷䋩 䋨䋲䋰䋩 䋫䋸䋷 㪚㪸㫊㪿㩷㪽㫃㫆㫎㫊㩷㪽㫉㫆㫄㩷㫀㫅㫍㪼㫊㫋㫀
Slide 13: Sales by Business Segments (Components & Special Steels)
Sales by Business Segments 㩿㪚㫆㫄㫇㫆㫅㪼㫅㫋㫊㩷㩽㩷㪪㫇㪼㪺㫀㪸㫃㩷㪪㫋㪼㪼㫃㫊㪀 䋨Unit䋺 100 mil yen䋩 㪙㪼㪸㫉㫀㫅㪾㫊 㪝㪰㵭 㪈㪇 㪊㪈㩼㩷㫌㫇 㪍㪐㪍 㪍㪍㪏 㪌㪐㪇 㪟㫐㪻㫉㪸㫌㫃㫀㪺㩷 㪜㫈㫌㫀㫇㫄㪼㫅㫋 㪋㪌㪈 㪊㪏㪈 㪊㪎㪊 㪊㪐㩼㩷㫌㫇 㪪㫇㪼㪺㫀㪸㫃㩷㪪㫋㪼㪼㫃㫊㩷 㪸㫅㪻㩷㪦㫋㪿㪼㫉㫊 㪉㪊㪌 㪈㪋㩼㩷㫌㫇 㪈㪎㪍 㪈㪐㪊 㪈㪍㪐 㪐㪉 㪈㪇㪌 㪇㪎 㪇㪏 㪇㪐 㪉㪇㪈㪇 㪇㪎 㪇㪏 㪇㪐 㪉㪇㪈㪇 㪇㪎 㪇㪏 㪇㪐 㪉㪇㪈㪇 䋲䋴 㪥㪼㫋㩷㪪㪸㫃㪼㫊㩷㩽㩷㪦㫇㪼㫉㪸㫋㫀㫅㪾㩷㪧㫉㫆㪽㫀㫋㫊㩷㪹㫐㩷㪙㫌㫊㫀㫅㪼㫊㫊㩷㪪㪼㪾㫄
Slide 14: Factors of Fluctuating Sales Profit Figures
㪝㪸㪺㫋㫆㫉㫊㩷㫆㪽㩷㪝㫃㫌㪺㫋㫌㪸㫋㫀㫅㪾㩷㪪㪸㫃㪼㫊㩷㪧㫉㫆㪽㫀㫋㩷㪝㫀㪾㫌㫉㪼㫊 㪝㪰㵭 㪈㪇 㩿㪬㫅㫀㫋㪑㩷㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅㪀 䋨㪠㫅㪺㫉㪼㪸㫊㪼㩷㫀㫅㩷㪧㫉㫆㪽㫀㫋㫊䋺䋱䋳䋷䋩 㪩㪼㪻㫌㪺㫋㫀㫆㫅㩷㫀㫅㩷㫊㪸㫃㪼㫊㩷㫇㫉㫀㪺㪼㩷䂦䋱䋰 䋱䋰䋰 㪩㪼㪻㫌㪺㫋㫀㫆㫅㩷㫀㫅㩷㪽㫀㫏㪼㪻㩷 㪩㪼㪻㫌㪺㫋㫀㫆㫅㩷㫀㫅㩷㫄㪸㫋㪼㫉㫀㪸㫃㩷㪼㫏㫇㪼㫅㫊㪼㫊㩷䂦䋱䋰 㪼㫏㫇㪼㫅㫊㪼㫊㩷㪸㫅㪻㩷㪪㪞㩽㪘㩷 㪜㪽㪽㪼㪺㫋㩷㫆㪽㩷㪺㪸㫇㫀㫋㪸㫃㩷㫀㫅㫍㪼㫊㫋㫄㪼㫅㫋㩷䂦䋷 䋸䋰 䋫䋲 䋨㪛㪼㪺㫉㪼㪸㫊㪼㩷㫀㫅㩷 㪩㪼㪻㫌㪺㫋㫀㫆㫅㩷㫀㫅㩷 䋶䋰 㪪㫌㪹㪺㫆㫅㫋㫉㪸㪺㫋㫀㫅㪾 㪧㫉㫆㪽㫀㫋㫊䋺䋲䋷䋩
Slide 15: Order Trends (Non-consolidated)
㪲㪩㪼㪽㪼㫉㪼㫅㪺㪼㪴㩷㪦㫉㪻㪼㫉㩷㪫㫉㪼㫅㪻㫊㩷㩿㪥㫆㫅㪄㪺㫆㫅㫊㫆㫃㫀㪻㪸㫋㪼㪻㪀 㪝㪰㵭 㪈㪇 㪤㫆㫅㫋㪿㫃㫐㩷㪸㫍㪼㫉㪸㪾㪼㪻㩷㪦㫉㪻㪼㫉㩷 㪚㫆㫄㫇㪸㫉㪼㪻㩷㫋㫆㩷㫋㪿㪼㩷㫊㪸㫄㪼㩷 㩿㪈㪇㪇㩷㫄㫀㫃㩷㫐㪼㫅㪀 㫇㪼㫉㫀㫆㪻㩷㫃㪸㫊㫋㩷㫐㪼㪸㫉 㪈㪍㪇 㪈㪇㪇㩼 㪫㫆㫋㪸㫃 㪏㪊㪅㪇㩼 㪏㪇㩼 㪈㪋㪇 㸢㪝㫆㫉㪼㪺㪸㫊㫋 㪚㫆㫄㫇㪸㫉㪼㪻㩷㫋㫆㩷㫋㪿㪼㩷㫊㪸㫄㪼 㪍㪋㪅㪊㩼 㪈㪊㪏 㪈㪊㪋 㫇㪼㫉㫀㫆㪻㩷㫃㪸㫊㫋㩷㫐㪼㪸㫉 㪋㪌㪅㪎㩼 㪊㪎㪅㪌㩼 㪍㪇㩼 㪈㪉㪇 㪈㪊㪇 㪋㪇㩼 㪈㪇㪇 㪐㪅㪍㩼 㪈㪇㪏 㪈㪈㪇 㪈㪇㪉 㪉㪇㩼 㪋㪅㪍㩼 䂦㪈㪅㪈㩼 㪐㪎 㪐㪉 㪏㪇 㪇㩼 㪏㪇 䂦㪉