Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2012 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Feb 1, 2013
Slide 1: Business Results of Third Quarter, FY2012
Business Results of Third Quarter, FY2012 Creative Links to World Electronic Feb 1st, 2013 Hirose Electric Co.,Ltd 1
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward- looking statements. Thank
Slide 3: Business Situation of 3Q FY2012
Business Situation of 3Q FY2012 [1Q FY2012] • Except for the Korean company with strong orders, order level is low in Mobile/Smartphone market. On the other hand, Automotive continues to maintain the high level order, and order of Digital consumer electronics has also increased in May and June. [2Q
Slide 4: Orders and Sales Changes: All Connectors
2012 Mar- Dec Orders and Sales Changes (Non-consolidated Basis, Index Number) All Connectors 120 Adjustment in Chinese Good trend in Chinese Smartphone Smartphone, and continuous low level of 105 Industrial market 102 103 97 98 101 99 96 100 FY2011 Average = 100 100 96 91 97 96 96 95 94 93 94 92 91
Slide 5: Orders and Sales Changes: Mobile / Smartphone
2012 Mar- Dec Orders and Sales Changes (Non-consolidated Basis, Index Number) Mobile / Smartphone 120 Order increase in Chinese Smartphone 110 119 109 99 100 107 FY2011 Average = 100 92 92 87 89 99 90 96 85 92 85 77 77 80 84 69 68 70 Adjustment in Sluggish order in Chinese Smartphone existing major
Slide 6: Orders and Sales Changes: Digital Consumer Electronic
2012 Mar- Dec Orders and Sales Changes (Non-consolidated Basis, Index Number) Digital Consumer Electronic Order increase in Digital 120 still camera and Game console 110 107 105 96 96 98 100 FY2011 Average = 100 92 90 86 97 96 97 82 83 82 82 81 80 84 76 78 71 70 63 60 Impact of Christmas sales end 5
Slide 7: Orders and Sales Changes: Automotive
2012 Mar- Dec Orders and Sales Changes (Non-consolidated Basis, Index Number) Automotive 150 Impacted by domestic automotive manufacturers 140 production reduction due to 132 130 the boycott of Japanese 128 129 goods in China 130 126 119 120 123 126 124 113 123 122 112 109 110 114 105 111 107 100 FY
Slide 8: Orders and Sales Changes: Associated Electric Equipment, FA Controlling Device, Others
2012 Mar- Dec Orders and Sales Changes (Non-consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 110 100 100 98 98 FY2011 Average = 100 96 94 90 93 88 87 92 92 91 86 86 87 83 87 86 80 84 84 82 Sluggish order via distributors, etc. 70 Mar Apr May Jun Jul
Slide 9: Orders and Sales Changes: Consolidated Basis
2012 Mar- Dec Orders and Sales Changes (Hirose Consolidated Basis, Index Number) Consolidated Sales / Order Hirose Korea keeps 120 good trend but parent company sluggish Upturn due to good trend in Chinese Smartphone and Hirose Korea 111 110 108 105 104 105 105 102 99 100 99 106 104 98 100 FY2011 Av
Slide 10: Business Results for 3Q FY2012
Business Results for 3Q FY2012 (hundred millions of Yen) (A)FY2011 (B)FY2012 (B)-(A) (B)/(A) Major changes over prior same period 1Q - 3Q 1Q - 3Q (unit: hundred millions of Yen) [Sales] -12.6 decrease Hirose Japan Subsidiaries Sales 722.7 710.1 -12.6 -1.7% -49.1 +36.5 (COGS Ratio) (58.5%) (56.9%) (-
Slide 11: Quarterly Sales and Profits
Quarterly Sales and Profits (hundred millions of Yen) 500 50.0% 40.0% 400 Sales 29.1% 27.3% 30.0% 25.6% 24.3% 25.0% 23.5% 24.0% 23.8% 20.7% 300 18.0% 17.1% 20.0% Recurring 241 248 243 242 234 225 224 231 225 231 237 Profit 10.0% 200 Recurring 0.0% Profit Ratio 100 68 66 53 64 59 58 57 58 40 48 39 -1
Slide 12: Sales by Market (Consolidated Basis) FY2012 1Q–3Q
Sales by Market (Round Number) [Consolidated Basis] FA Controlling Equipment 2% Office Office Others Mobile Phone Machinery 3% 21% Others Mobile Phone Machinery 3% 30% 25% 29% Cable FA Controlling Communicatio FY2012 Equipment 3% FY2011 n 3% 1Q – 3Q 1Q – 3Q Associated Associated Electric Automotive
Slide 13: Sales Changes by Market (Consolidated Basis)
Sales Changes by Market （Round Number）[Consolidated Basis] 1%up FY2011 1Q-3Q 21%down FY2012 20%up 1Q-3Q 17%down Industrial Digital Computer FA Mobile Associated Office Consumer Related Phone / and others Electronic Machinery Controlling Electronics Equipment Equipment Smartphone Equipment *1 Cable A
Slide 14: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 64 61 59 60 60 56 Overseas 50 Sales Ratio 45 41 40 36 32 Overseas 30 32 Production Ratio 20 10 0 FY2008 FY2009 FY2010 FY2011 FY2012 H24.3Q 1Q-3Q 14
Slide 15: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2012 (B)Dec 31, 2012 (B)-(A) Remark Cash and Cash in Bank 1,077.0 1,113.7 36.7 Increase in domestic subsidiaries Trade Receivables 233.4 242.7 9.3 Increase in Hirose Korea, etc. Inventories 71.9 76.8 4.9 Investment Se
Slide 16: Changes in Consolidated Balance Sheet (Liabilities and Equity)
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2012 (B)Dec 31, 2012 (B)-(A) Remark Notes Payable and Account 104.2 107.6 3.4 Increase in Hirose Korea, etc. Payable Income Taxes Payable, etc 32.1 26.1 -6.0 Due to tax payment Others 82.6 102.6 20.0 Increase in accou
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Domestic Consolidated Basis) (hundred millions of Yen) Previously 80 40.0 (%) 75 ↓ 70 68 68 Previously 35.0 66 64 Capital 62 62 ↓ Investment 59 60 56 30.0 Depreciation 49 50 25.0 44 39 40 20.0 Capital Investment Ratio 30 15.0 Depreciation Ratio 20 7.8 7.2
Slide 18: Business Forecast for the Year Ended March 31, 2013
Business Forecast for the Year Ended March 31, 2013 (hundred millions of Yen) First Half For the Year FY2011 (Actual) FY2012 (Forecast) Ov er the Prev ious Actual Amount Over the Previous Actual Amount Amount Amount First Half For the Year First Half For the Year Change % Change % Sales 491.8 947.9