Ushio Inc. · TSE:6925
Ushio — Q3 FY2017 Earnings Presentation
27 slides from Ushio's earnings presentation, Jan 31, 2018
Slide 1: 3rd Quarter FY2017 Financial Results
3rd Quarter FY2017 Financial Results USHIO INC. January 31, 2018 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual results
Slide 2: Main Points of Today's Presentation
Main Points of Today’s Presentation ■ Net sales and earnings increased YoY For 3Q FY2017 ■ Maintained full-year forecasts 2
Slide 3: Agenda
Agenda I. Financial Results for 3Q FY2017 II. Future Prospects III. Supplementary Information 3
Slide 4: Highlights of Financial Results for 3Q FY2017
Highlights of Financial Results for 3Q FY2017 Consolidated Net Sales up 3.8% year on year to ¥129.7 billion Consolidated Operating Income up 49.8% year on year to ¥8.5 billion. Higher sales and earnings overall. Net Sales ：￥129.7 billion（＋￥4.8 billion YoY, up 3.8%） ■ Higher sales of UV lamps and opt
Slide 5: Summary of Financial Results 3Q FY2017
Summary of Financial Results 3Q FY2017 FY16 FY17 YoY （billion yen） 1Q-3Q 1Q-3Q Changes ％ Net Sales 124.9 129.7 ＋4.8 +3.8 Operating Income 5.7 8.5 +2.8 +49.8 Operating Income (%) 4.6 6.6 ＋2.0P - Ordinary Income 8.0 10.8 ＋2.7 ＋34.1 Profit Attributable to Owners of Parent 6.0 8.5 ＋2.4 ＋39.7 EPS（yen） 47
Slide 6: Variation Analysis of Operating Income of 1Q-3Q
Variation Analysis of Operating Income of 1Q-3Q (billion yen) +2.2 ▲1.2 +0.6 8.5 FOREX（US$） FY16_3Q=107yen FY17_3Q=112yen Amelioration in (Changes+5yen) +0.7 Imaging Equipment Others Business Performance (based on Gross Profit) +0.5 Amelioration in 5.7 Effect of early Optical Equipment Business Perf
Slide 7: Financial Results by Business Segments
Financial Results by Business Segments FY16 FY17 YoY （billion yen） 1Q-3Q 1Q-3Q Changes ％ Net Sales 68.9 72.8 +3.9 +5.8 Equipment Operating Income ▲0.0 0.4 +0.4 - Operating Income ▲0.1 0.6 +0.6P - （%） Sales 53.5 54.7 +1.1 +2.2 Light Sources Operating Income 5.4 7.9 +2.4 +45.4 Operating Income 10.2 14
Slide 8: Business Segment Overview (1)
Business Segment Overview (1) Equipment Business 3Q Overview YoY Net Sales（billion yen） ＋￥3.9 billion Imaging Equipment 72.8 +5.8% 68.9 1.2 ￥0 .0billion Cinema ：▲8% +3.5% 1.1 ■ Digital cinema projector (DCP) sales volumes decreased nearly 20%, mainly in China General imaging ：+2% ■ Increase in solut
Slide 9: Business Segment Overview (2)
Business Segment Overview（２） Light Sources Business 3Q Overview Net Sales（billion yen） YoY Discharge Lamp +￥1.1 billion 54.7 53.5 +2.2% UV lamps ：+11% ■ Increased demand for lamps due to growth in capital investment for semiconductors and FPDs Lamps for cinema ：▲4% Discharge ■ Demand for lamps decre
Slide 10: Agenda
I. Financial Results for 3Q FY2017 II. Future Prospects III. Supplementary Information 10
Slide 11: Forecasts for Full-year FY2017
Forecasts for Full-year FY2017 There have been no changes in the full-year forecasts announced previously FY17 Full-year achievement (billion yen) forecast 1Q-3Q （Announced on May 11） （％） Net Sales 129.7 180.0 72.1 Operating Income 8.5 10.0 85.9 Operating Income(%) 6.6 5.6 ー Ordinary Income 10.8 11.
Slide 12: Forecast by Business Segment
Forecast by Business Segment The latest Achieve FY17 forecasts (billion yen) -ment 4Q Forecasts 1Q-3Q （Announced on Oct. 30） （％） Imaging Equipment 48.2 67.5 71.5 Imaging Equipment DCPs expected to flag in 4Q due Optical to seasonal factors and the Equipment 23.3 32.5 71.9 conversion to solid-state l
Slide 13: Agenda
Agenda I. Financial Results for 3Q FY2017 II. Future Prospects III. Supplementary Information 13
Slide 14: Reference: Quarterly Trends (Profit and Loss)
Reference ：Quarterly Trends (Profit and Loss) FY17 Variances（3Q-2Q） (billion yen) 1Q 2Q 3Q Changes ％ Net Sales 41.7 43.4 44.5 +1.0 +2.5 Operating Income 2.8 2.8 2.9 +0.1 +4.2 Operating Income(%) 6.7 6.5 6.6 0.1P - Ordinary Income 3.9 3.0 3.7 +0.7 +22.8 Profit Attributable to Owners of 6.5 1.7 0.2 ▲1
Slide 15: Reference: Comparison to Previous Quarters by Business Segments
Reference: Comparison to Previous Quarters by Business Segments (billion yen) FY17 Variances（3Q-2Q） 1Q 2Q 3Q Changes ％ Equipment Net Sales 22.5 24.1 26.1 +1.9 +8.2 Operating Income 0.0 ▲0.0 0.4 +0.4 - Operating Income(%) 0.2 ▲0.1 1.6 +1.7P - Light Sources Net Sales 18.2 18.6 17.8 ▲0.8 ▲4.5 Operating
Slide 16: Reference: Sales by Sub-segment (Quarter)
Reference: Sales by Sub-segment 《Quarter》 (billion yen) 47.8 43.4 44.5 42.5 42.4 0.8 41.7 0.8 0.6 45.0 39.9 0.7 0.6 1.1 0.8 0.2 0.5 0.6 Equipment 0.5 0.3 0.3 0.2 28.7 Business 17.1 (60.1.%) 26.1 15.2 24.1 17.5 (58.7%) 15.6 24.0 15.4 22.5 (55.6%) 30.0 15.4 21.2 (56.6%)18.7 23.6 (54.1%) (53.0.%) (55.6
Slide 17: Reference: Other Income and Expenses, Extraordinary Income and Losses
Reference: Other Income and Expenses, Extraordinary Income and Losses 《1Q-3Q》 FY16 FY17 FY16 FY17 (billion yen) YoY (billion yen) YoY ３Q ３Q ３Q ３Q Extraordinary Other Income 2.9 3.1 ＋0.2 Income 1.8 7.2 +5.3 Interest income 0.5 0.9 +0.3 Gain on sales of non-current assets 0.4 0.1 ▲0.2 Dividend income
Slide 18: Reference: Sales Ratio
Reference: Sales Ratio Others 1.1% FY16_3Q Net Sales Japan North America Asia Europe 124.9 20.3% 28.9% 39.9% 9.8% billion yen FY17_3Q North Net Sales Japan Asia Europe America 129.7 20.3% 40.4% 10.3% billion 28.0% yen Others 1.0% 18
Slide 19: Reference: R&D Expenses
Reference : R&D Expenses No change from R&D Expenses previous forecast (billion yen) （%） Ratio of R&D Expenses to Net Sales (%) 15.0 7.0 6.8 7.5 6.3 5.7 5.7 5.8 12.5 10.8 6.0 9.9 11.2 10.0 9.8 8.9 10.5 4.5 7.5 3.0 5.0 2.5 1.5 0.0 0.0 FY12 FY13 FY14 FY15 FY16 FY17 Plan FY16 FY17 YoY (billion yen) 3Q
Slide 20: Reference: Balance Sheet
Reference: Balance Sheet ◆Assets （billion yen） ◆<Liabilities/Total Net Assets> （billion yen） 308.4 325.1 Changes +16.7 308.4 325.1 Changes +16.7 Notes and Accounts +4.1 Payable 21.0 Cash and Bank +9.3 Deposits 16.8 35.8 ▲1.8 Other Current 63.9 73.3 37.7 Liabilities, Notes and Accounts +0.8 +1.4 Rece
Slide 21: Reference: Capital Expenditures, Depreciation and Amortization
Reference: Capital Expenditures, Depreciation and Amortization (billion yen) Capital 12.5 Expenditures No change from Depreciation and 10.6 10.2 previous forecast Amortization 9.7 10.0 7.7 7.8 8.0 6.7 7.0 7.5 6.4 6.5 5.9 5.0 5.0 2.5 0.0 FY12 FY13 FY14 FY15 FY16 FY17 Plan FY16 FY17 YoY (billion yen)
Slide 22: Reference: Cash Flow
Reference : Cash Flow (billion yen) Operating Free Cash Flow Activities 15.0 13.1 10.9 11.7 11.0 7.3 7.0 Investing Activities 3.0 1.4 -1.0 ▲ 1.9 ▲ 1.7 -5.0 Financing Activities -9.0 -13.0 ▲ 12.8 -17.0 FY16_3Q FY17_3Q Cash and Cash Equivalents Cash and Cash Equivalents at the Beginning of the FY 47.8
Slide 23: Press release: 222 nm UV disinfection of pressure ulcers with NUH Singapore
Press release：In the world's first, Ushio Inc. and the National University Hospital of Singapore have succeeded in bacterial disinfection of pressure ulcer injuries using 222 nm ultraviolet light that is harmless to the human body Ushio Inc. and the plastic surgery group led by Professor T.C. Lim, H
Slide 24: Examples of Ushio Entertainment Holdings Products in Use
Examples of Ushio Entertainment Holdings, Inc.* Products in Use 「Bringing Mythology to Life with a Feast of Light and Sound」 The Amanohashidate Machiakari illumination event is held each year to herald the start of summer at Amanohashidate, one of Japan’s three scenic views alongside Matsushima (Miy
Slide 25: Reference: Features of USHIO Group's Light Sources
Reference: Features of USHIO Group’s Light Sources Lamp projectors Laser projectors Light Super-high pressure Xenon lamp Laser phosphor RGB laser Sources mercury lamp 2,000～5,000 Lumen （Multi-bulb models～ 8,000～35,000 5,000～30,000 20,000～60,000 30,000) ・General imaging (Data ・Cinema ・Cinema(China, e
Slide 26: Reference: Glossary
Reference: Glossary DCP Digital Cinema Projector OA Office Automation OLED Organic Light Emitting Diode RGB Red Green Blue UV Ultraviolet FPD Flat Panel Display COF Chip On Film 26
Slide 27: Contact
Contact: Corporate Planning Dept., USHIO INC. Email: ir@ushio.co.jp http://www.ushio.co.jp/en/