Slide 1: Consolidated Results of the 3rd Quarter FY2009
SUMIDA CORPORATION Consolidated Results of the 3rd Quarter FY2009 30th October 2009 CEO Shigeyuki Yawata CFO Saburo Matsuda Copyright © 2009 SUMIDA CORPORATION. All Rights Reserved.
Slide 2: Trend of the Consolidated Net Sales and Operating Income
Trend of the Consolidated Net Sales and Operating Income (in million JPY) 20,000 6.8% 10.0% 5.0% 5.0% 15,000 =100 0.0% = 80 10,000 -5.0% = 50 -10.0% 5,000 -15.0% 0 -20.0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 07 08 09 Net sales Net sales dropped dropped to to 50 50 points points in in 1Q 1Q of of FY
Slide 3: Overview of the Business Performance
Consolidated Results of the 3rd Quarter FY2009: Overview of the Business Performance (M yen) Summary Net sales trend in FY2009 1Q： 8,579M yen Equivalent to 50% of the peak in 2Q FY08 2Q： 10,066M yen 3Q： 12,324M yen Recovered by 30% since 1Q FY09 Recovered to 80% of the peak amount in FY08 Net Recove
Slide 4: Original Plan at the end of 1st Quarter FY09 and Actual Performance
Original Plan at the end of 1st Quarter FY09 and Actual Performance Original Plan: 1Q 2Q 3Q 4Q 通期 Full Year 2,000 1,000 0 -1,000 -2,000 Actual： 1Q 2Q 3Q 4Q Full 通期 Year 2,000 1,000 0 -1,000 -2,000 Breakeven not ・・・ Disclosed on July 31, 2009 achieved Copyright © 2009 SUMIDA CORPORATION. All Rights R
Slide 5: Summary of Business Result – 3rd Quarter FY2009
Summary of Business Result – 3rd Quarter FY2009 (M yen) Summary Profitability recovered for the first time since 3Q FY2008 Factors: 1. Sales efforts Sales improved due to cross selling and aggressive sales expansion 2. Cost reduction efforts Reduced fixed cost and lowered break even point Operating
Slide 6: Consolidated results of 3rd quarter FY2009
1. Consolidated results of 3rd quarter FY2009 （Unit: Millions of yen） 3Q2009 3Q2008 3Q2009 3Q2008 Accounting Accounting Difference Difference Accumulated Accumulated period period Net Sales 12,324 14,701 (16.2%) 30,969 45,015 (31.2%) Operating Income 620 819 (24.3%) (1,102) 2,912 － Ordinary Income 1
Slide 7: Analysis of Sales
2. Analysis of Sales （Unit: Millions of yen） FY2009 Break even 4Q Full year 1Q 2Q 3Q (Forecast) sales (Forecast) (quarterly) Asia-Pacific Business 4,644 5,721 6,798 6,400 23,563 5,250 EU Business 3,247 3,433 3,996 4,300 14,976 3,750 Environment-Energy Business 688 912 1,530 1,400 4,530 1,350 Total 8
Slide 8: Information by segments
3. Information by segments (Unit: Millions of yen) 1Q2009 2Q2009 3Q2009 3Q/2Q Net Sales 4,644 5,721 6,798 +18.8% Asia-Pacific Business Operating Income (174) 426 1,073 +151.9% Net Sales 3,247 3,433 3,996 +16.4% EU Business Operating Income (481) (319) 29 － Environment- Net Sales 688 912 1,530 +67.8%
Slide 9: Non-operating gain/Loss
4. Non-operating gain/Loss （Unit: Millions of yen） FY2009 Full year 1Q 2Q 3Q (forecast) I n t e r e s t e x p e n s e s (139) (179) (169) (650) Derivatives 316 (136) (127) 50 F o r e i g n e x c h a n g e 50 21 (205) (150) Further efficient F/X control through central management by our financing sub
Slide 10: Extraordinary Gain/Loss
5. Extraordinary Gain/Loss ※ Aiming to further reduce break even point Still need to be prudent to forecast on business in 2010, while consolidating our operational structure to achieve operating profit of 3 billion yen (unit: M yen) Further reduce fixed costs Jan-Sep 4Q (forecast) Full year (foreca
Slide 11: Translation adjustments ①
6. Translation adjustments －① Overseas investment (yen -> foreign currency) Current value of overseas investment in foreign currency (liquidation value) differences = translation adjustment Translation adjustments as of end of Sep 2009 = (7,806M yen) HK dollar 17.22 → 11.65 60% China/HK (4,700M yen)
Slide 12: Translation adjustments ②
6. Translation adjustments －② Valuation of acquired assets => Fair Value of the assets Fair value 10,700M yen Real estate Machinery (usable assets) HK/China 7,200M yen (600M HK dollar) ・・・① Patent Germany At acquisition 3,500M yen・・・② Intangible assets (in 2006) Customer relation ①+②＝10,700 million
Slide 13: Debt
7. Debt Bank loans : Increased at the time of acquisition of VOGT Equity finance : to be considered at appropriate time Business recovery EPS 150yen or more to be targeted Operation profit Net income Immediate target during business 3billion yen 2 billion yen recovery Next target 4.2 billion yen 3 b
Slide 14: Forecast for FY2009
8. Forecast for FY2009 (Unit: Millions of yen) Operating Ordinary Net Net Sales Income Income Income Forecast at 43,100 (1,250) (1,600) (2,000) 31st Jul 2009 Forecast for 4Q 12,100 550 380 200 Revised forecast 43,100 (550) (1,180) (2,000) （22nd Oct 2009） Assumption : exchange rates are 1USD＝90JPY, 1
Slide 15: Prospects from 4th Quarter FY2009
Prospects from 4th Quarter FY2009 Prospects from 4th th Quarter FY2009 Consumer Electronics Sector ¾ Order amount is expected to hit a peak in Oct-Nov due to Christmas demand, then decrease in Dec and recover from Jan-Feb (usual order trend owing to seasonality factors) ¾ The trend this year may b
Slide 16: Sales/Marketing: Global One Sumida
Measures to be implemented from 4th Quarter “Global One Sumida” 1. Integration of Sumida Group company names and sales structure ¾ Consolidation of group company names in Germany (VOGT, PANTA, STELOC) to “SUMIDA” ¾ Maximize borderless organization functions (product line, functional orders) → Aim to
Slide 17: Objectives of Global One Sumida
FY2009: Key Approaches after 4th Quarter FY2009 Objectives of “Global One Sumida”: 1. Sales ・・・ One-face Sales 2. Quality ・・・ Unified Quality Control System 3. Production ・・・ Optimize mass production /distribution system 4. R&D ・・・ Further utilize R&D base in China C-Lab (Central Lab) With the new o
Slide 18: Business Forecast in FY2010
Business Forecast in FY2010 Profit Forecast in FY2010 3rd cost reduction measure to be taken in 4Q ‘09 Full year operating Fixed Cost profit in reduction FY2010 Operating Variable cost ratio income improvement etc. ±０ increase Expected from sales operating increase Target operating loss in FY09 inco
Slide 19: Growth Strategy in FY2010 and thereafter
Growth Strategy in FY2010 and thereafter Market Structure: Area: Consumer Electronic Emerging markets （BRICs） Europe Local Automotive companies America Alternate energy, IT, Medical etc. Asia Explore Global Markets Global One Management System Make full use of the Centrally managed functions latest
Slide 20: End of the Report
End of the Report Disclaimer The present slides are provided only to serve the purpose of disclosing information in your evaluation of the Company. Final decision on investments or similar decision is left to your absolute discretion. The Company disclaims responsibility or liability for any or all