Oki Electric Industry Company, Limited · TSE:6703

Oki Electric Industry — FY2013 Earnings Presentation

19 slides from Oki Electric Industry's earnings presentation, May 8, 2014

  1. Slide 1: Financial Results for the Fiscal Year ended March 31, 2014

    Financial Results for the Fiscal Year ended March 31, 2014 May 8, 2014 Oki Electric Industry Co., Ltd. • Indication method of amounts in hundred millions yen are as follow: Amounts in each item are rounded to the nearest hundred million yen. Variances are calculated in the hundred millions. • The pr

  2. Slide 2: Table of Contents

    Table of Contents I. Financial results for the FY ended March 2014 1. Overall condition of the Group 2. Segment information 3. Changing factors of operating income 4. Profit and loss 5. Balance sheets 6. Cash flows II. Projections for the FY ending March 2015 1. Policy for FY ending March 2015 2. Se

  3. Slide 3: Overall condition of the Group

    Overall condition of the Group Net sales increased by 27.3 B yen, operating income increased by 13.7 B yen year on year. [Average exchange rate] - Operating income exceeded OKI’s plan due to steady FY end. FY end. Mar.2014 Mar.2013 Info-telecom Systems business performance and effects of USD 100.2 8

  4. Slide 4: Segment Information: Info-telecom Systems

    Segment Information: Info-telecom Systems Impact of currency exchange Net sales increased by 8.1 B yen. Operating income increased by 1.6 B yen. Net sales Net sales increased by 2.5 B yen excluding the 303.6 (Billion yen) impact of currency exchange. 293.0 Solutions & services: 85.5 76.9 Mechatron

  5. Slide 5: Segment Information: Printers

    Segment Information: Printers Impact of currency exchange Net sales increased by 17.0 B yen. Operating income Net sales increased by 2.7 B yen. Net sales decreased by 3.6 B yen excluding the 124.8 (Billion yen) 3.5 impact of currency exchange. 14.0 111.4 9.2 Others Color and mono LED printers: 14.

  6. Slide 6: Segment Information: EMS, Others

    Segment Information: EMS, Others Net sales: Net sales  EMS: Net sales increased by 4.4 B yen. 54.7 (Billion yen) - Sales for the telecom equipment market were 51.4 17.6 steady. 18.7 - Effect of new consolidation of OKI Circuits Others Technology* 37.1 32.7 EMS Others: Net sales decreased by 1.1 B

  7. Slide 7: Changing Factors of Operating Income

    Changing Factors of Operating Income Operating income increased drastically by 13.7 B yen due to the impact of depreciation of yen, in addition to reduction in fixed costs and impact of improvement in product mix due to revamping Printers business structure. (Billion yen) +8.0 Reduction in Changes +

  8. Slide 8: Profit and Loss

    Profit and Loss [Y on Y comparison] FY Mar. FY Mar. SG&A decreased as fixed costs (Billion yen) 2014 2013 were cutdown due to revamping Net Sales 483.1 455.8 Printers business structure, etc. Cost of Sales 354.6 337.4 Recorded exchange gain of 11.3 B SG&A 101.3 104.9 yen in other income and expenses

  9. Slide 9: Balance Sheet

    Balance Sheet Total assets increased by 63.2 B yen due to the impact of projected benefit obligation on balance sheet. Shareholders’ equity rose by 32.6 B yen. Shareholders’ equity ratio improved from 16.1% to 21.5%. Net D/E ratio: 1.5 times → 0.8 times (D/E ratio: 1.3 times) (Billion yen) [Assets]

  10. Slide 10: Cash Flows

    Cash Flows Free cash flows saw a net inflow of 17.9 B yen due to improvement in net income and working capital. (Billion yen) FY end. FY end. March 2014 March 2013 Ⅰ Cash flows from operating activities 31.9 (11.6) Net income before income taxes 31.8 18.6 Depreciation & amortization 14.2 13.0 Change

  11. Slide 11: Table of Contents

    Table of Contents I. Financial results for the FY ended March 2014 1. Overall condition of the Group 2. Segment information 3. Changing factors of operating income 4. Profit and loss 5. Balance sheets 6. Cash flows II. Projections for the FY ending March 2015 1. Policy for FY ending March 2015 2. Se

  12. Slide 12: Policy for FY ending March 2015

    Policy for FY ending March 2015 Start of “Mid-term Business Plan,” change gear to “growth”  Secure stable profitability in base businesses - Acquire stable domestic demand in Info-telecom Systems business - Expand profit of ATM business in China market where growth is stable - In Printers, improve

  13. Slide 13: Summary of segment information

    Summary of segment information [Full year comparison] [Currency exchange rate]  Net sales is expected to increase by 41.9 B yen to 525.0 B yen. FY end. FY end. Mar.2015 Mar.2014  Operating income is expected to increase by 1.3 B yen to 28.5 B USD 100.0 100.2 yen. EUR 135.0 134.4 FY end. Mar.2015 F

  14. Slide 14: Segment information

    Segment information [Info-telecom] [Printers] [EMS, others] Net sales Net sales Net sales (Billion yen) (Billion yen) (Billion yen) 340.0 128.0 303.6 4.0 124.8 3.5 Others 14.0 14.0 120.0 85.5 Mechatronics SIDM 57.0 54.7 systems 32.0 29.2 Mono LED 17.0 17.6 52.0 Social Others 52.6 infrastructure Tele

  15. Slide 15: Changing factors of operating income

    Changing factors of operating income Operating income is planned to increase by 1.3 B yen year on year by securing stable profitability in base businesses, and offsets costs for launching ATM business in Brazil. (Billion yen) Changes Increase in in price fixed costs, etc. (2.5) +3.0 (2.5) +3.5 Reduc

  16. Slide 16: Profit and loss projections

    Profit and loss projections  Ordinary income and net income are expected to decrease since the impact of exchange gain in other income is not projected, which was recorded the previous fiscal year (11.3 B yen).  Annual dividend plan: 4 yen per share (interim period :2 yen, year-end: 2 yen) FY end.

  17. Slide 17: Free cash flows projections

    Free cash flows projections Secure stable cash flows and improve financial ground further FY end Mar. FY end Mar. (Billion yen) 2015 (Plan) 2014 (Results) Ⅰ Cash flows from operating activities 25.0 31.9 Ⅱ Cash flows from investing activities (15.0) (14.0) Free cash flows (Ⅰ+Ⅱ) 10.0 17.9 [Balance of

  18. Slide 18: Capital expenditure and R&D expenses projections

    Capital expenditure and R&D expenses projections Enhance investment mainly in Info-telecom Systems business (Billion yen) Property, Plant & Eqip. R&D Expenses [Capital Expenditure] 15.0 15.0 13.1 1.5 1.3 14.0 10.2 1.0 Others 13.0 2.0 0.5 2.1 1.3 4.0 EMS 2.1 2.5 6.3 0.7 2.4 Others 2.6 Printers 2.0 8.

  19. Slide 19: © Copyright 2014 Oki Electric Industry Co., Ltd.

    © Copyright 2014 Oki Electric Industry Co., Ltd. 19

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