Yushin Company · TSE:6482
Yushin — Yushin Precision Equipment — FY2014 Earnings Presentation
28 slides from Yushin's earnings presentation, May 12, 2014
Slide 1: Investors Presentation
Yushin Precision Equipment Co., Ltd. FY2014 Investors Presentation May 12, 2014 This document contains some estimates of future business performance. Such references should not be taken to be a guarantee. Please note that future performance is subject to various risks and uncertainties, and goals an
Slide 2: Company Profile
Company Profile Name: Yushin Precision Equipment Co., Ltd. President: Mayumi Kotani Establishment: October, 1973 Capital: 1,985 million yen Number of employees: 589 (As of March 31, 2014, consolidated) Consolidated net sales: 17,909 million yen (FY2014) Securities code: 6482 (First Section of the TS
Slide 3: Product Lineup (1)
Product Lineup (1) Sales ratio Take-out Robots HSA series HST series * RC series 71% <Traverse type> <Traverse type> <Traverse type> 12,736 Million Yen FY2014 <TSXA series> *Released in April, 2014 YC series SC series TSXA series <Traverse type> <Traverse type> <Side-entry type> HOP series DRD serie
Slide 4: Product Lineup (2)
Product Lineup (2) Sales ratio Custom-ordered Equipments 15% 2,626 Million Yen WSS Stock system In-mold system Gate cutting system FY2014 Sales ratio Parts and Maintenance service 14% 2,547 Million Yen After-sales maintenance FY2014 4 May. 12, 2014
Slide 5: Performance and Price of Take-out Robots
Performance and Price of Take-out Robots Performance Traverse type HSA (5-axis servo) HST SXC-HS, TSXA Performance model RC High performance High speed YC High performance Multi purpose Energy saving SC For Asian market ATC Energy saving Traverse type HOP (1-axis servo) Swing type Entry model (Air t
Slide 6: Company Strength
Company Strength Philosophy Accurate response to the Customers’ request Policy Challenge to new field High-leveled ratio of overseas sales Global Global network - largest in the industry Quick response in sales and technical service Customer Reliability based on the delivery strictly bei
Slide 7: Results for FY2014
Results for FY2014 (Millions of yen) FY2014 FY2013 FY2014 <reference> *2 *1 *1 Amount Ratio Change Amount Ratio Change Amount Ratio ％ ％ ％ ％ ％ Net Sales 14,721 100.0 3.4 17,909 100.0 21.7 18,351 100.0 Gross Profit 5,770 39.2 6.3 7,640 42.7 32.4 7,856 42.8 Operating 1,498 10.2 17.7 2,792 15.6 86.3 2,9
Slide 8: Summary of FY2014
Summary of FY2014 Analysis of the results 21.7% increase from the previous FY to 17,909 million yen ・ Take-out robots sales increased by 25.6% Y/Y and Custom-ordered equipment sales increased by 22.5% Y/Y. - Main robots, YC and SC series in which design optimization is applied, contributed to sale
Slide 9: Forecast for FY2015
Forecast for FY2015 (Millions of yen) FY2014 FY2015 (forecast) Interim Full Year Interim Full Year Amount Ratio Amount Ratio Amount Ratio Y/Y * Amount Ratio Y/Y * ％ ％ ％ ％ ％ ％ Net Sales 8,378 100.0 17,909 100.0 9,000 100.0 7.4 19,500 100.0 8.9 Gross 3,411 40.7 7,640 42.7 3,600 40.0 5.5 8,400 43.1 9.9
Slide 10: Forecast for FY2015
Forecast for FY2015 Analysis of the forecast 8.9% increase from the previous FY to 19,500 million yen ・ Increase Take-out robots sales all over the world. - Expand sales in Turkey and Europe. Net Sales ・ More demands on automated equipment in China and South Asia. ・ Sales relating semiconductor eq
Slide 11: Change in Performance
Change in Performance Sales Ordinary Income (Millions of yen) Sales Ordinary Income (Millions of yen) 25,000 10,000 21,108 9,000 19,548 19,272 19,500 20,000 8,000 17,612 17,909 15,900 7,000 15,000 14,240 14,721 6,000 12,369 12,567 5,000 10,000 3,578 3,500 4,000 2,986 2,805 3,095 2,424 3,000 2,013 1,
Slide 12: Sales Breakdown
Sales Breakdown (Millions of yen) 20,000 19,500 17,909 Parts and 18,000 Maintenance service 16,000 14,240 14,721 Custom-ordered equipments 14,000 12,567 12,369 12,000 10,000 8,000 Take-out robots 6,000 4,000 2,000 0 FY2015 FY2010 FY2011 FY2012 FY2013 FY2014 （forecast） Parts and maintenance service 1
Slide 13: Sales by End User Categories
Sales by End User Categories (Millions of yen) 20,000 19,500 Others 17,909 Medical 18,000 Sundry products 16,000 14,240 14,721 Containers 14,000 12,369 12,567 12,000 Electronic parts 10,000 Discs and optical 8,000 instruments 6,000 Automotive products 4,000 2,000 Electrical appliance 0 FY2015 FY2010
Slide 14: Sales by End User Categories
Sales by End User Categories Others 1% Medical 5% Disc and optical instrument 5% Containers Electronic 6% parts Sundry 31% products 9% Electrical appliance 13% Automotive products 30% FY2014 Net Sales 17,909 million yen 14 May. 12, 2014
Slide 15: Sales by Region
Sales by Region (Millions of yen) 20,000 19,500 Others 17,909 North America 14,240 14,721 15,000 Europe 12,369 12,567 Other Asia 10,000 China/Taiwan 5,000 Japan 0 FY2015 FY2010 FY2011 FY2012 FY2013 FY2014 （forecast） Others 216 152 177 181 484 500 North America 3,185 1,986 2,387 2,215 2,917 3,600 Eur
Slide 16: Expansion of Global Bases
Expansion of Global Bases Netherlands Canada UK Korea USA(Ohio) (Soul) USA(Indiana) Spain Italy Korea Turkey China(Tianjin, Yantai, Dalian) USA(California) USA (Daegu) <Subsidiaries> China(Shanghai) (Rhode Island) 1) Korea USA(Texas) China（Chongqing, Wuhan, Suzhou） Japan USA 2) Taiwan (North Carolin
Slide 17: Change in Performance of Subsidiaries
Change in Performance of Subsidiaries (Millions of yen) Invest 2012/12 2013/12 2015/3（forecast） Country Setup ment Operating Net Operating Net Operating Net Sales Sales Sales ratio income income income income income income South Korea 2000.10 100% 915 38 88 1,759 270 286 1,980 300 220 Taiwan 2001. 7
Slide 18: Balance Sheets
Balance Sheets (Millions of yen) Changes in Assets Changes in Cash and deposits Liabilities 4,376 Liabilities +382 （Y/Y） +497 Assets 26,252 Liabilities Notes and accounts Notes and accounts 3,878 payable - trade receivable - trade -23 +661 Assets Accounts payable （Y/Y） +2,507 - other -273 Short-term
Slide 19: Capital Investment / Depreciation / R&D
Capital Investment / Depreciation / R&D (Millions of yen) 2,500 Capital investment Depreciation R&D Expenses 2,000 July, 2013 Expansion of R&D factory Land acquisition equipped with clean room for WSS 1,500 and medical purpose. July, 2012 Land acquisition March, 2013 Construction of the 1,000 Techni
Slide 20: Change in Cash Flow
Change in Cash Flow (Millions of yen) 3,000 Free CF = Operating CF + Investing CF 2,500 2,000 1,500 1,000 500 0 -500 -1,000 -1,500 -2,000 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 (forecast） <Change in cash flow from operating, investing, and financing activities> (Millions of yen) FY2015 FY2010 FY2
Slide 21: Medium-term Objectives
Medium-term Objectives FY2014 Medium-term Objectives Net Sales: 17.9 billion yen 30 billion yen or more Ordinary Income: 3.09 billion yen 5 billion yen or more Ordinary Profit rate: 17.3% 15% or more EPS: 108.2 yen 150 yen or more (Billions of yen) Net Sales Ordinary Income 30.0 5.00 19.2 19
Slide 22: To Become Absolutely Dominant in the Industry: Enhancement of Products - 1
To Become Absolutely Dominant in the Industry (1) Enhancement of the Products - 1 The new take-out robots Design optimization jointly-developed with Kyoto University was applied. Pursued lightness, speed up and energy conservation <HSA series> <YC series> Awarded The Japan Society of Mechanical
Slide 23: To Become Absolutely Dominant in the Industry: Enhancement of Products - 2
To Become Absolutely Dominant in the Industry (1) Enhancement of the Products - 2 Full-model change of RAII-α-HS series (High-speed top-entry traverse-type take-out robot) The new take-out robot, optimization design applied, HST series was unveiled at K-Show(Dusseldorf, Germany. <NEW Model ・ HST s
Slide 24: Active Expansion into New Business
To Become Absolutely Dominant in the Industry (2) Active Expansion into New Business. Actively recruit engineers both new graduates and mid-career. (esp. Ph.D holders) March, 2013: Construction of the Technical Center. R&D building and factory equipped with clean rooms. Capable of new business.
Slide 25: Enhancement of Global Network and Human Resources
To Become Absolutely Dominant in the Industry (3) Enhancement of the Global Network Target on the top class companies in the world as customers. Correspond global companies’ further globalizations Utilize global network – subsidiaries and new sales representatives - Make more sales in South-Ea
Slide 26: Land Acquisition in Kyoto
Land Acquisition in Kyoto Acquired in July, 2013 (21,000m2) Acquired land <Plan> Relocation HQ and Factory Improve operation more efficiency Technical Center <Schedule> Open in FY2016 Yushin HQ 26 May. 12, 2014
Slide 27: Return to Shareholders
Return to Shareholders (Millions of yen) 1,000 100% Ordinary dividend Commemorate dividend 900 90% Share buy-back Dividend ratio 800 80% 35th year 700 commemorate 40th year 70% dividend commemorate 600 30th year dividend 60% commemorate 500 dividend 50% 400 40% 300 30% 200 20% 100 10% 0 0% FY2003 FY
Slide 28: Thank you.
Thank you. Yushin Precision Equipment Co., Ltd. This document contains some estimates of future business performance. Such references should not be taken to be a guarantee. Please note that future performance is subject to various risks and uncertainties, and goals and projections may vary due to ch
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