Slide 1: Business Report for FY2011
1/50 Business Report for FY2011 From Apr. 2011 to Mar. 2012 SMK Corporation Apr , 2012
Slide 2: SMK attendant's introduction
2/50 SMK attendant’s introduction Chairman and CEO TETSUYA NAKAMURA
Slide 3: SMK Partial Organization: 1st APR & 25th APR
3/50 SMK Partial Organization：1st APR＆25th APR Purpose： ①Rejuvenate Organization ②Activation of group management Name Before New Tetsuya Representative Director, President Representative Director, Chairman Nakamura Yasumitsu Representative Director, Executive Deputy Representative Director,President
Slide 4: FY2011 Outline of Financial Statement
4/50 FY2011 Outline of Financial Statement Executive Vice President KOHEI OHGAKI
Slide 5: Consolidated Financial Result
5/50 ＜Consolidated＞ Financial Result Sales Amount : Income : Million yen FY2010 FY2011 Million yen - 10.6% 61,914 60,000 55,340 6,000 40,000 4,000 2,754 2,505 20,000 2,000 1,037 0 0 -799 -1,166 -1,083 -20,000 -2,000 Net Sales Operating Income Ordinary Income Net Income
Slide 6: Consolidated Operating Expenses
<Consolidated> Operating Expenses 6/50 Unit : FY2010 FY2011 Million yen 59,160 56,506 ( ):Sales ratio (95.6%) (102.1%) M at e r ial c o st s 60,000 Am o u n t paid t o su bc o n t r ac t o r s (0.7% improvement in (material costs + Labo r c o st s amount paid to subcontractors)) 30,565 49.4% 51.2% 5
Slide 7: Consolidated Analysis of operating expenses
7/50 ＜Consolidated＞ Analysis of operating expenses Unit : Million yen Factorial analysis of reduced consolidated operating profit ［ FY2010 against FY2011 ］ Total - 3,920 million yen 3,000 2,500 2,000 Impact of Changes in turnover foreign 1,500 exchange Impact of △1,382 rates earthquake and floods In
Slide 8: Consolidated Non-operating profit and loss
8/50 ＜Consolidated＞ Non-operating profit and loss Unit : FY2010 FY2011 ( ) : percentage to Million yen △249 83 sales amount (△0.4%) (0.1%) 1,000 Currency 〔Exchange lossÆ exchange profit/loss Decrease 633 million yen〕 500 1．FY2010 626 Revenues from and expenditure 2010/Mar ¥ 93.04/$ 281 to fixed asse
Slide 9: Consolidated Extraordinary gain or loss
9/50 ＜Consolidated＞ Extraordinary gain or loss Unit : FY2010 FY2011 ( ) : percentage to sales amount Million yen △688 106 400 Gain on reversal of subscription rights 121 to shares 106 Gain from revaluation 0 △ 121 △ 203 investment securities Loss arising from -400 △ 485 disaster Others -800 Income b
Slide 10: Consolidated Financial Highlights (Quarterly)
10/50 ＜Consolidated＞Financial Highlights (Quarterly) Unit : Million yen 1st Half Term 2nd Half Term Fiscal Term FY2011 1Q 2Q TOTAL 3Q 4Q TOTAL TOTAL (11/4～6) (11/7～9) (11/4～9) (11/10～12) (12/1～3) (11/10～12/3) (11/4～12/3) ① Net Sales 14,111 14,404 28,515 13,104 13,721 26,825 55,340 ② Operating 47 △89
Slide 11: Consolidated Cash Position
11/50 ＜Consolidated＞ Cash Position Unit : Million yen ２０１１/３ ２０１２/３ Differential （Ａ） （Ｂ） （Ｂ－Ａ） Assets 53,059 53,883 824 Cash and cash equivalents 7,442 8,472 1,030 Accounts receivable 14,841 15,223 382 Inventories 5,672 5,472 △200 Fixed assets 21,205 20,397 △808 Liabilities 23,197 25,626 2,429 Accou
Slide 12: Consolidated Cash Flow Position
12/50 ＜Consolidated＞ Cash Flow Position Unit : Million yen FY2010 FY2011 Cash Flow from operating activities 6,230 2,001 Working capital 1,233 △430 Income before income taxes 1,817 △977 Depreciation 3,652 3,664 Others △472 △256 Cash Flow from investing activities △4,001 △3,764 Free Cash Flow 2,229 △
Slide 13: Consolidated Segment Information
13/50 ＜Consolidated＞ Segment Information Unit : Million yen Reporting Segment TOTAL FY2011 Other(*) （Consolidate CS Div. FC Div. TP Div. Total d gain and loss exhibit） Net Sales 22,639 22,049 10,418 55,106 234 55,340 Segment gain or loss △312 △717 △154 △1,183 17 △1,166 （Operating Income） Reporting S
Slide 14: Business Forecast / Dividends
14/50 <Consolidation> Business Forecast / Dividends Unit : Million yen ・ Consolidated Performance Forecast （%:Compared to FY2011 ratio ) Operating Net Sales Ordinary Income Net Income Income % % % % FY2012 60,000 8.4 1,000 ― 1,300 ― 750 ― ・ Annual dividend End of the End of year Annual second quarte
Slide 15: FY2011 Result and Prospect
15/50 FY2011 Result and Prospect President and COO Yasumitsu Ikeda
Slide 16: Full Fiscal Term Performance (FY2009-FY2012)
16/50 Full Fiscal Term Performance (FY2009- FY2012) Net Sales: Million yen Income: Million yen 70,000 8,000 64,371 61,914 60,000 7,000 60,000 56,000 55,340 6,000 50,000 5,000 4,000 40,000 2,582 2,754 3,000 30,000 2,479 2,505 1,300 2,000 1,862 1,000 750 20,000 1,037 1,000 0 -600 -1,166 -799 10,000 -
Slide 17: Fiscal Term Sales & Operating Income Performance (FY2000-FY2012)
17/50 Fiscal Term Sales & Operating Income Performance (FY2000~FY2012) Net Sales: Million yen Income: Million yen 90,000 87,659 12,000 79,074 11,000 80,000 Published 74,179 71,860 72,742 number 10,000 70,000 66,438 64,371 9,000 60,753 62,814 61,914 60,000 8,000 60,000 58,133 55,340 7,000 50,000 5,16
Slide 18: Net Sales by Product Division (FY2009-FY2012)
18/50 Net Sales by Product Division (FY2009-FY2012) Net Sales: Million yen FY2009~2011:Result ( )：Composition ratio 80,000 FY2012： Plan 70,000 64,371 Others 186 61,914 60,000 Others 242 60,000 8,952 Others 250 (1%) 8,350 55,340 Others 234 10,378 (14%) (13%) (17%) 50,000 10,418 (19%) 27,521 40,000 21
Slide 19: Operating Income by Product Division (FY2009-FY2012)
Operating Income by Product Division 19/50 (FY2009-FY2012) Income: Million yen FY2009~2011 : Result 3,500 FY2012 ： Plan 2,754 3,000 109 2,479 2,500 95 184 2,000 2,223 1,500 1,481 1,000 1,000 20 100 60 500 719 565 -1,166 820 0 -143 -312 17 -500 FY2009Results FY2010Results FY2011Results -717 FY2012Pla
Slide 20: Net Sales by Market (FY2009-FY2012)
Net Sales by Market (FY2009-FY2012) 20/50 Net Sales: Million yen 70,000 64,371 61,914 1,023 60,000 3,486 1,157 60,000 4,611 55,340 1,100 7,592 1,053 7,200 7,197 6,306 50,000 7,800 7,372 40,000 24,625 22,438 21,000 30,000 19,264 7,242 8,226 20,000 9,300 8,953 10,000 20,401 18,284 12,389 13,600 0 FY20
Slide 21: Look-back at FY2011 - 1
Look-back at FY2011 - 1 21/50 Impact of the Great East Japan Earthquake 9Recovery 9Power saving Hitachi Works Deteriorating business environment Yen 82 Weak US/Yen end of month rate 9Increasingly strong yen 80 yen 78 9Thai floods 76 Strong yen v. t. ay b. ne . r. g. n. l. c. pt Ju Oc Ap No Au Fe Ja
Slide 22: Look-back at FY2011 - 2
22/50 Look-back at FY2011 - 2 Optimization of foreign networks 2nd Malaysian plant 9Bolstering and clearing debts of production sites Establish second plant in Malaysia Clear UK office's debts Dongguan taking full ownership 9 Expand sales bases Establish Tsingtau office (March, 2012) Establish Xi'an
Slide 23: FY2012 Business Environment
FY2012 Business Environment 23/50 9Revision of extremely strong yen? Recovery of Positive demand following the Great East Japan aspects Earthquake 9Increased demand from China and emerging nations / hopes for US economic turnaround 9Large-scale events (London Olympics, US presidential election, etc.
Slide 24: Future Policy
Future Policy 24/50 ¾Improve profitability through enhanced business structure ¾Improve workplace capabilities to differentiate ourselves from competitors ¾Pioneer and create new sources of income
Slide 25: Operating Structure for New Markets
Operating Structure for New Markets 25/50 FY2011 FY2012 Digital Entertainment Market Division Home Electronics Market Division Car Electronics Market Division Car Electronics Market Division Information Technology Market Division Information Technology Market Division Industry Market Division Indust
Slide 26: TEXPO 2012
26/50 TEXPO 2012 Time June 6th/2012 (Wed)～8th(Fri) 10:00～18:00 3days Location SHINAGAWA GOOS Garden city Shinagawa (formerly the Hotel Pacific Tokyo) Theme “Navigating smartly for the people, the future, and the environment”
Slide 27: CS Division
27/50 CS Division SMIK,
Slide 28: CS Division
28/50 CS Division CS=Connection System 【Major Products】 ：Connector/Jack ■Connector ■Jack DC Power Supply Jacks Headphone Jacks Interface Connector FPC Connector Pin Jack Jack box Coaxial Connector Card Connector
Slide 29: CS Division Net Sales, Operating Income
CS Division Net Sales, Operating Income 29/50 (Consolidated) Sales Amount : 100 Million yen Operating Income : 100 Million yen （ ） : the ratio of the previous year 350 Net Sales 70 (123%) Operating Income (97%) 278 250 232 226 50 150 30 8.2 10 50 5.7 FY2010 FY2011 ▲ 3.1 FY2012 -50 -10 Results Result
Slide 30: CS Division Transition of market-specific sales
CS Division Transition of market-specific sales 30/50 (Consolidated) 100% 5% 6% 7% Industry 66% 63% Information 70% Technology 50% 11% 12% Car 9% Electronics 18% 18% 15% Home Electronics 0% FY2010 FY2011 FY2012 Results Results Plan
Slide 31: CS Division Product Strategy Mobile Application
31/50 CS Division Product Strategy Mobile Application Smart phone、Tablet PC、Game machine 0.4mm pitch Board to Board Connector FY2010 results are set at index of 100 Sales 320 ・PB-4F seriesﾞ Low mating height/High mating strength 100 120 ・PB-4H seriesﾞ Industry’s smallest class space- saving design.
Slide 32: CS Division Product Strategy and the Mobile Equipment Market
CS Division - Product Strategy and the Mobile 32/50 Equipment Market Smart phone、Tablet PC、DSC Memory card connectors FY2010 results are set at index of 100 460 ・micro SIM Sales 280 ・ SIM ・Increased variety 100 ・Floating ・Waterproof structure ・ microSDTM FY2010 FY2011 FY2012 Results Results Plan Inc
Slide 33: CS Division Technical Expansion into Developing Markets
CS Division Technical Expansion into Developing 33/50 Markets / Strengthened Overseas Markets PV PVSeries Seriesof ofPhotovoltaic PhotovoltaicCell CellModule ModuleConnectors Connectors Improved business performance ・Industry's smallest class connectors ・Easy to manufacture ・Waterproof, weatherproof
Slide 34: CS Division Sales by destination
CS Division Sales by destination 34/50 1% 10% 1% 13% 45% 27% 4% 11%9% 46% 26% 7% FY 2010 Results Europe FY 2011 Results Others & America Asia 9% 7% China 19% 57% Japan 8% Taiwan FY 2012 Plan
Slide 35: CS Division Global production site
CS Division Global production site 35/50 Japan 100 106 Toyama Hitachi Dongguan Malaysia 2011 2012 Shenzhen China stepped-up production Philippines ・Self-manufacture 125 <Risk hedge> 340 100 ・Automation Philippines production 100 enhancement 2011 2012 2011 2012
Slide 36: CS Division FY2012 Policy
CS Division FY 2012 Policy 36/50 ・New products 1. Strengthen development ・Selected and concentrated capability ・Profit creation 2. Pursue efficiency ・Overall product quality Restart on road to growth ・Manufacturing 3. Increase competitiveness ・Marketing ability
Slide 37: FC Division
37/51 FC Division SMIK,
Slide 38: FC Division
38/50 FC Division FC=Functional Components 【Major Products】 ■SW (Switch) ■RC (Remote Control) Various types of switches Various types of remote controls ■CU (Composite Unit) LTE Antenna Camera Modules AC adapters Wireless modules
Slide 39: FC Division Net Sales, Operating Income
FC Division Net Sales, Operating Income 39/50 (Consolidated) Sales Amount : 100 Million yen Operating Income : 100 Million yen （ ） : the ratio of the previous year 400 Net Sales 301 Operating Income 300 (７３.１％) (９７.７％) 220 215 200 100 22 0.2 0 ▲7 -100 FY2010 FY2011 FY2012 Results Results Plan
Slide 40: FC Division Transition of market-specific sales
FC Division Transition of market-specific sales 40/50 (Consolidated) 100% Industry 9 14 18 Information 30 27 17 Technology Car 5 5 5 Electronics 50% Home 60 Electronics 56 54 ( Home Appliance ) (18) (17) (11) 0% FY2010 FY2011 FY2012 Results Results Plan
Slide 41: FC Division Priority Approach Market, Priority Product
FC Division Priority Approach Market, 41/50 Priority Product Smart Phone Audio ＆ Tablet Visual Double dome switches Top-push Mini one dome Detector Multifunction remote switches switches switches Controls Long Stroke Push switches High load Voice controller Power push switches monitors Car Camera Mo
Slide 42: FC Division - Product Strategy
42/50 FC Division - Product Strategy Expansion of sophisticated remote controls loaded in new input devices 【Electrostatic pads】 【Optical sensors】 【Electrostatic switches】 【Motion sensors】 RF remote control sakes index RF module lineup FY2011 results are set at index of 100 180 ZigBee RF4CE Bluetoot
Slide 43: FC Division - FY2012 Policy
FC Division - FY2012 Policy 43/50 Renew challenge to achieve growth Enhanced technological development Strengthen organizational capability Pass down manufacturing skills / Rearrange resources to be the right man pioneer new technology for the right job Strive to create profit (cut variable costs +
Slide 44: TP Division
44/50 TP Division SMIK,
Slide 45: TP Division
45/50 TP Division TP=Touch Panel 【Main products】 Touch Panel 【Main applications】 Resistance Sensitive Touch Panel ＋FFB function Capacitive Touch Panel ＋FFB function Optical Touch Panel ＋FFB function ※FFB function ＝Force Feed Back、function
Slide 46: TP Division Net Sales, Operating Income
TP Division Net Sales, Operating Income 46/50 (Consolidated) Sales Amount : 100 Million yen Operating Income : 100 Million yen （ ） : the ratio of the previous year Net Sales Operating Income 125 25 104 104 100 20 84 75 15 50 10 25 5 1.0 0 0 ▲1.4 ▲1.5 FY2010 FY2011 FY2012 Results Results Plan
Slide 47: TP Division Transition of market-specific sales
TP Division Transition of market-specific sales 47/50 (Consolidated) 100% Industry 26% 21% 21% Information 21% Technology 25% 30% 50% Car Electronics 57% 49% 49% Home Electronics 0% 0% 1% 0% FY2011 FY2010 FY2012 Results Results Plan
Slide 48: TP Division Prioritized products and markets
48/50 TP Division Prioritized products and markets Increase share Expand Sales of New Products Medium-sized capacitive system Telecommunication Markets Automotive capacitive system Differentiated products With Force Feed Back function Overseas Markets Car Electronics Markets FY2009 results are 228 s
Slide 49: TP Division FY2012 Policy
TP Division FY 2012 Policy 49/50 Secure profits Further business expansion Expand sales Expand sales Attack overseas Enhance price of new markets competitiveness products Develop Exchange rate Site new measures improvement products
Slide 50: Notice
50/50 Notice All information in this material concerning the forecast of business achievements, projections of general business conditions and our business strategies is dependent on our conclusion made to a normally foreseeable extent applying information reasonably accessible to us at the time of