Yushin Company · TSE:6482
Yushin — Yushin Precision Equipment — FY2017 Earnings Presentation
31 slides from Yushin's earnings presentation, May 2017
Slide 1: Investors Presentation
FY2017 Investors Presentation May, 2017 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 changes in
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: 663 (Consolidated, as of March 31, 2017) Consolidated net sales: 19,346 million yen (FY2017) 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 <Traverse type> 69% <Traverse type> <Traverse type> 13,410 Million yen FY2017 YC series SC series TSXA series <Traverse type> <Traverse type> <Side-entry type> HOP series DRD series <Swing type> <Side-entry type> <Swing t
Slide 4: Product Lineup (2)
Product Lineup (2) Sales ratio Custom-ordered Equipment 15% Flexible In-mold system Gate cutting Palletizing robots 2,832 Million yen module stocker system FY2017 Sales ratio Parts and Maintenance service 16% 3,103 Million yen FY2017 4
Slide 5: Performance and Price of Take-out Robots
Performance and Price of Take-out Robots Hi-speed HSA TSXA HST RC High-cycle series YC High speed High stiffness Multi purpose SC Energy saving Traverse type <All-axis servo driven> For Asian market ATC Energy saving Traverse type <1-axis servo driven> HOP Swing type <Air driven> 5
Slide 6: Company Strength
Company Strength Accurate response to Customers’ request and offering Philosophy high-quality products & Policy Challenge to new business areas High-leveled ratio of overseas sales Global & Global sales and technical support network - largest in Worldwide the take-out robot industry Quick response i
Slide 7: Results for FY2017
Results for FY2017 FY2016 FY2017 Amount Ratio Change* Amount Ratio Change* Mil. Yen % % Mil. Yen % % Net Sales 21,148 100.0 18.8 19,346 100.0 (8.5) Gross Profit 8,442 39.9 16.0 7,666 39.6 (9.2) Operating Income 3,086 14.6 33.9 2,112 10.9 (31.5) Ordinary Income 2,921 13.8 14.9 2,058 10.6 (29.6) Net I
Slide 8: Summary of FY2017
Summary of FY2017 Analysis of the Results 8.5% decrease from the previous FY to 19,346 million yen a) Sales decreased due to Yen appreciation (Strong sales in local currency at US and South Korean subsidiaries) Net Sales b) Custom-ordered equipment in medical area brought forward to FY2018 c) Auto
Slide 9: Forecast for FY2018
Forecast for FY2018 FY2017 FY2018 (Forecast) Interim Full Year Interim Full Year Amount Ratio Amount Ratio Amount Ratio Y/Y* Amount Ratio Y/Y* Mil. Yen % Mil. Yen % Mil. Yen % % Mil. Yen % % Net Sales 8,949 100.0 19,346 100.0 10,200 100.0 14.0 21,000 100.0 8.5 Gross 3,787 42.3 7,666 39.6 4,200 41.2
Slide 10: Forecast for FY2018
Forecast for FY2018 Analysis of the Forecast 8.5% increase from the previous FY to 21,000 million yen a) Take-out robots sales increase by 7.4% Y/Y - Strong sales forecast and release a new model Net Sales - Expect more demands in electronic parts and automotive area in China b) Custom-ordered equ
Slide 11: Sales Breakdown
Sales Breakdown (Millions of Yen) 25,000 25,000 21,148 21,000 20,000 20,000 19,346 Parts and 17,909 17,799 Maintenance service Custom-ordered 14,721 Equipment 15,000 15,000 10,000 10,000 Take-out Robots 5,000 5,000 00 FY2018 FY2013 FY2014 FY2015 FY2016 FY2017 (F) (forecast) Parts and Parts and maint
Slide 12: Sales by Region
Sales by Region (Millions of yen) 25,000 25,000 21,148 21,000 Others 20,000 20,000 19,346 17,909 17,799 North America Europe 14,721 15,000 15,000 Other Asia 10,000 10,000 China/Taiwan 5,000 5,000 Japan 00 FY2018 FY2018 FY2013 FY2013 FY2014 FY2014 FY2015 FY2015 FY2016 FY2016 FY2017 FY2017 (forecast)
Slide 13: Sales by End User Categories
Sales by End User Categories (Millions of yen) 25,000 25,000 21,148 21,000 19,346 Others 20,000 20,000 17,909 17,799 Medical products Containers 14,721 Sundry products 15,000 15,000 Optical instruments Electrical appliance 10,000 10,000 Electronic parts 5,000 5,000 Automotive products 00 FY2018 18/3
Slide 14: Sales by End User Categories
Sales by End User Categories Others Medical 3% products 5% Containers 9% Automotive products 28% Sundry products 9% Disc and optical instruments 11% Electronic parts Electrical 20% appliance 15% FY2017 Net sales 19,346 million yen 14
Slide 15: Change in Performance
Change in Performance Sales Ordinary Income (Millions of yen) (Millions of yen) 25,000 25,000 10,000 10,000 Sales Ordinary Income 21,108 9,000 9,000 21,148 21,000 19,272 19,346 20,000 20,000 8,000 8,000 17,909 17,799 7,000 7,000 14,721 15,000 15,000 14,240 6,000 6,000 12,369 12,567 5,000 5,000 10,00
Slide 16: Global Network
Global Network Canada<Toronto> Netherlands<Ede> South Korea UK<Birmingham> China<Tianjin, Yantai, Dalian> <Soul> South Korea USA<Ohio> Italy<Torino> <Daegu> China<Shanghai> USA<California> USA <Rhode Island> China<Chongqing, Wuhan, Suzhou> Japan USA<Texas> Spain USA <Barcelona>Turkey<Istanbul> China
Slide 17: Change in Performance of Subsidiaries
Change in Performance of Subsidiaries (Millions of yen) Invest FY2016 FY2017 FY2018 (forecast) Country Setup ment Operating Net Operating Net Operating Net Sales Sales Sales ratio income income income income income income South Korea 2000.10 100.0% 1,866 260 167) 1,788 202 166) 1,652 112 87) Taiwan
Slide 18: Balance Sheets
Balance Sheets (Millions of yen) Changes in Assets Changes in Liabilities Cash and deposits Notes and accounts +393) Liabilities payable – trade +169 Notes and accounts 5,310 Liabilities Electronically recorded receivable – trade +453) Y/Y +616 4,693 obligations – operating +653 Merchandise and fini
Slide 19: Capital Investment / Depreciation / R&D
Capital Investment / Depreciation / R&D (Millions of yen) Investment Capital Invest Depreciation Depreciation R&DExpenses R&D Expenses (excluding consumption tax) 5,000 5,000 Expansion of R&D factory equipped with clean room for medical purpose Construction in progress 4,000 4,000 March, 2013 Constr
Slide 20: Change in Cash Flow
Change in Cash Flow (Millions of yen) 3,000 3,000 2,687 Free CF = Operating CF + Investing CF 13/3 1,847 2,000 2,000 1,153 1,000 1,000 186 00 -261 -1,000 -1,000 -2,000 -2,000 -2,887 -3,000 -3,000 FY2018 FY2013 13/3 FY2014 14/3 FY2015 15/3 FY2016 16/3 FY2017 17/3 18/3(予) (forecast) <Change in cash fl
Slide 21: Medium-term Objectives
Medium-term Objectives Net sales Ordinary Income (Billions of yen) (Billions of yen) 350 350 100 100 Net Netsales sales Ordinary OrdinaryIncome Income 30.0 Bil. 90 90 300 300 Revised timeline of achievement due to 80 80 current situation in new business area 250 250 70 70 21.1 Bil. 21.0 Bil. 19.3 Bi
Slide 22: Medium-term Objectives
Medium-term Objectives Net Sales: 30 billion yen or more Ordinary Income: 5 billion yen or more Ordinary Profit ratio: 15 % or more FY2017 EPS: 150 yen or more Net Sales: 19.3 billion yen Ordinary Income: 2.0 billion yen Ordinary Profit ratio: 11 % EPS: 79 yen Strategy4: Active Expan
Slide 23: Strategy 1: Enhancement of the Products (1)
Strategy 1: Enhancement of the Products (1) Unveil new take-out robot (top graded model) in July Development period: 3 years Total R&D resources: 200 people 23
Slide 24: Strategy 1: Enhancement of the Products (2)
Strategy 1: Enhancement of the Products (2) Clump-end Travers type Take-out robots Space efficient of floor planning in factory and centralization of conveyor belts Energy conservation with design optimization, downsized motors and ECO vacuum circuit Significantly reduce settling times with CF
Slide 25: Strategy 1: Enhancement of the Products (3)
Strategy 1: Enhancement of the Products (3) Collaboration with Universities KYOTO UNIVERSITY “Robot flame structural design using 3D Design Optimization” → Design of Robot frame with light weight and high rigidity OSAKA UNIVERSITY ”Establish methodology of robot design with broadened Product Des
Slide 26: Strategy 2: Enhancement of the Global Network
Strategy 2: Enhancement of the Global Network Group-wide strength corresponding to customers’ globalizations Target on the top class companies in the world Sales and technical support offices located in major industrial area in the world Actively recruit world-class human resources at HQ 26
Slide 27: Strategy 3: Cultivation of Human Resources
Strategy 3: Cultivation of Human Resources Cultivation of engineering designers with high level technology such as “Product Design” collaborating with Osaka University Cultivation of Safety Assessors, certified people qualified requirements to ISO 12100 (Safety of machinery and General principle
Slide 28: New HQ and Factory Opened in December 2016
New HQ and Factory Opened in December 2016 Investment in new HQ and factory to achieve consolidated net sales of 30 billion yen Improve productivity and streamline business processes, thereby promoting sustainable growth for the entire Yushin group Integration of manufacturing functions - Impr
Slide 29: New HQ and Factory Opened in December 2016
New HQ and Factory Opened in December 2016 More capacity to receive orders of large type take-out robot - Expand production area for assembling and inspection of large type robot used for IMM with 2,000t or more clamping force - Design to maximize height of 3-story open ceiling and pits in place o
Slide 30: Return to Shareholders
Return to Shareholders (Millions of yen) (%) 1,000 1,000 100 100 Ordinarydividend Ordinary dividend Commemorate Commemorate dividend dividend 900 900 90 090 Sharebuy-back Share buy-back Totalreturn Total return ratio ratio Consolidated dividend payout ratio target: 800 800 30% or more 80 080 700 700
Slide 31: Contact: Corporate Planning Department
Contact: Corporate Planning Department (E-mail) irinfo@kyo.ype.co.jp www.ype.co.jp Notes: 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, an
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