Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2006 Earnings Presentation
18 slides from Oki Electric Industry's earnings presentation, Apr 27, 2007
Slide 1: Financial Results for the Fiscal Year ended March 31, 2007
Financial Results for the Fiscal Year ended March 31, 2007 April 27, 2007 Oki Electric Industry Co., Ltd. © Copyright 2007 Oki Electric Industry Co., Ltd. 1
Slide 2: Table of Contents
Table of Contents I. Financial results for the FY ended Mar. 07 1. Financial results outline 2. Profit and loss 3. Segment information 4. Balance sheets 5. Cash flows II. Projections for the FY ending Mar. 08 1. Business overview 2. Profit and loss projections 3. Net sales by segment 4. Operating in
Slide 3: Financial Results Outline
Financial Results Outline Net sales and incomes: Same level as previous announcement on Feb. 15 Feb. 15 (Billion yen) FY Mar. 06 FY Mar. 07 announcement Net sales 680.5 718.8 720.0 Operating income 10.6 (5.4) (6.0) Recurring income 7.2 (12.8) (14.0) Net income 5.1 (36.4) (38.0) Net income per share
Slide 4: Profit and Loss
Profit and Loss Details of other income (Billion yen) Feb. 15 FY Mar. 06 FY Mar. 07 announcement Mar. Mar. (Billion yen) 06 07 Net sales 680.5 718.8 720.0 Interest & dividends received 1.8 1.5 (Cost of sales ratio) (75.6%) (78.0%) Gain on currency exchange 1.4 Cost of sales 514.5 560.9 Others 1.4 0.
Slide 5: Segment Information
Segment Information 718.8 720.0 Net sales Increase by 38.3 B yen YoY 680.5 33.5 35.0 Others 31.3 Financial sector: Increased by 29.4 B yen due 187.1 180.0 Printer 160.5 to increase of security-enhanced ATMs and Net sales ATMs for overseas market Semi- 150.7 145.5 150.0 condctor Telecom carrier secto
Slide 6: Balance Sheet [Assets]
Balance Sheet [Assets] Due to sales increase at the end of fiscal year, notes and accounts receivable increase YoY Other assets decrease due to reversal of deferred tax assets (Billion yen) Variance with 628.4 Mar. 31, 2006 608.0 618.9 34.6 46.0 Cash and deposits +11.4 46.6 146.0 150.8 164.8 Notes a
Slide 7: Balance Sheet [Liabilities and shareholders’ equity]
Balance Sheet [Liabilities and shareholders’ equity] 18.0 B yen of moving strike convertible bond has been converted to stock Shareholders’ equity declines by 24.5 B yen due to net loss of 36.4 B yen, and others (Billion yen) Variance with 618.9 628.4 Mar. 31, 2006 608.0 216.7 234.2 Others + 17.5 21
Slide 8: Cash Flows
Cash Flows Free cash flow worsens by 5.2 B yen YoY, while working capital improves (Billion yen) Mar. 06 Mar. 07 I. Cash flows from operating activities 15.0 16.1 Income before income taxes 10.6 (16.2) <Changes in working capital> Mar. 06 Mar. 07 Depreciation & amortization 34.7 35.0 Receivables ( 1
Slide 9: Table of Contents
Table of Contents I. Financial results for the FY ended Mar. 07 1. Financial results outline 2. Profit and loss 3. Segment information 4. Balance sheets 5. Cash flows II. Projections for the FY ending Mar. 08 1. Business overview 2. Profit and loss projections 3. Net sales by segment 4. Operating in
Slide 10: Business Overview
Business Overview Info-telecom System z While financial institutions are active in IT investment, acceleration in pursuit of investment efficiency (stiffer competition) - Full-scale system replacement for branch systems from 2H of FY Mar. 08 - Actively respond to increased demand from overseas marke
Slide 11: Profit and Loss Projections
Profit and Loss Projections Achieve a V-sign recovery with 8.0 B yen operating income for the FY Mar. 08 Full year First Half (Billion yen) FY Mar. 07 FY Mar. 08 FY Mar. 07 FY Mar. 08 Variance Variance Actual Plan Actual Plan Net Sales 718.8 750.0 31.2 312.8 330.0 17.2 Operating income (5.4) 8.0 13.
Slide 12: Net Sales by Segment
Net Sales by Segment (Billion yen) Full year First half FY Mar. 07 FY Mar. 08 FY Mar. 07 FY Mar. 08 Variance Variance Actual Plan Actual Plan Financial 130.4 130.0 (0.4) 51.1 67.0 15.9 Telecom 80.0 95.0 15.0 39.4 37.0 (2.4) Info. system 113.0 115.0 2.0 36.9 35.0 (1.9) Others 29.3 25.0 (4.3) 15.1 12.
Slide 13: Net Sales Comparison by Half Year
Net Sales Comparison by Half Year <Major Sub-segments> <Telecom> 39.4 40.6 37.0 58.0 NGN gains momentum from the 2H of FY Mar. H1 H2 H1 H2 08. New optical IP telephony products FY Mar. 07 FY Mar. 08 (Plan) complete in the 2H of FY Mar. 08 <Information System> 76.1 80.0 36.9 35.0 Large projects are e
Slide 14: Operating Income by Segment & Changing Factors
Operating Income by Segment & Changing Factors Full year First half (Billion yen) FY Mar. 07 FY Mar. 08 FY Mar. 07 FY Mar. 08 (Results) (Plan) Variance (Results) (Plan) Variance Info-telecom system (1.5) 3.5 5.0 (5.9) (6.5) (0.6) Semiconductor 0.7 5.0 4.3 0.1 0.5 0.4 Printer 1.7 5.0 3.3 (2.0) 1.0 3.
Slide 15: Status of Mid-long Term Initiatives
Status of Mid-long Term Initiatives Improve profitability in FY Mar. 08 and onward (Speedy implementation of each measure) Accelerate selection and Revamp towards an Develop strong businesses concentration efficient management style with strong products Plan and implement each BG Plan and implement
Slide 16: Capital Expenditure & R&D Expenses
Capital Expenditure & R&D Expenses Curb investment by 10.0 B yen (including 7.7 B yen of Capex) on YoY basis, by improving investment efficiency Property, Plant & Equip. R&D Expenses [Capital Expenditure] (Billion yen) (Billion yen) 37.7 33.5 Others 3.1 3.5 4.9 30.0 7.1 3.0 Printer 21.3 5.0 19.6 20.
Slide 17: Cash Flow Projections
Cash Flow Projections Free cash flow is expected to improve due to improvement in profit and decrease in working capital Interest bearing debt will decline by 25.2 B yen Mar. 07 Mar. 08 (Plan) (Billion yen) I. Cash flows from operating activities 16.1 56.2 Income before income taxes (16.2) 3.5 <Chan
Slide 18: Glossary
Glossary P2 FY Fiscal Year R&D Research and Development P4 SG&A Selling, General and Administrative expense P5 ATM Automated Teller Machine P2ROM Production Programmed Read Only Memory LCD Liquid Crystal Display NIP Non-Impact Printer P10 FTTH Fiber-to-the-home IP Internet Protocol NGN Next Generati