Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2010 Earnings Presentation
19 slides from Hirose Electric's earnings presentation, Nov 10, 2010
Slide 1: Business Results for Second Quarter FY2010
Business Results for Second Quarter FY2010 Creative Links to World Electronic Nov 10th 2010 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 2Q FY2010
Business Situation of 2Q FY2010 [ 1Q FY2010 ] • Although partial adjustment for overseas mobile, orders and sales for automotive and industrial area increased steadily. • 1Q FY2010 settled on 32.1 % YoY in order level (5.1% over 4Q FY2009), 30.0% YoY in sales level (5.5% over 4Q FY2009) [ 2Q FY2010
Slide 4: FY2010 Apr-Sep Orders and Sales Changes
FY2010 Apr-Sep Orders and Sales Changes (Domestic Consolidation Basis, Index Number) 130 120 115 117 116 111 114 111 110 113 104 113 112 111 108 100 Average of FY2009 = 100 90 Order 80 Sales 70 Apr May Jun Jul Aug Sep 2010 4
Slide 5: Orders and Sales Changes: Mobile
FY2010 Apr-Sep Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Mobile 携帯 140 126 118 113 116 120 109 110 96 108 108 100 112 Average of FY2009 = 100 102 95 80 60 40 Apr May Jun Jul Aug Sep 2010 Order Sales 5
Slide 6: Orders and Sales Changes: Digital Consumer Electronic
FY2010 Apr-Sep Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Digital Consumer Electronic 110 100 Average of FY2009 = 100 93 94 89 90 86 87 79 81 78 80 84 79 70 75 70 60 50 Apr May Jun Jul Aug Sep 2010 Order Sales 6
Slide 7: Orders and Sales Changes: Automotive
FY2010 Apr-Sep Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Automotive 160 140 131 134 129 122 115 128 126 117 120 105 114 103 114 100 Average of FY2009 = 100 80 60 Apr May Jun Jul Aug Sep 2010 Order Sales 7
Slide 8: Associated Electric Equipment, FA Controlling Device, and Others
FY2010 Apr-Sep Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 160 145 143 142 140 133 144 126 127 132 130 131 120 117 118 100 Average of FY2009 = 100 80 60 Apr May Jun Jul Aug Sep 2010 Order Sales 8
Slide 9: Business Results for Second Quarter, FY2010
Business Results for Second Quarter, FY2010 Green Italics: Previously (May/2010) announced data (hundred millions of Yen) Major Changes over prior same (A)FY2009 (B)FY2010 (B)-(A) (B)/(A) period 1Q & 2Q 1Q & 2Q (unit: hundred millions of Yen) 465.0 10.4 2.2% [Sales] 74.2 increase Foreign Hirose Subs
Slide 10: Sales and Profits by Half-yearly
Sales and Profits by Half-yearly (hundred millions of Yen) 800.0 40.0% 33.5% 700.0 30.7% 29.7% 28.2% 26.9% 30.0% 588.6 591.8 25.1% Sales 600.0 550.4 20.0% 500.0 12.7% 475.4 443.5 Recurring 401.2 Profit 400.0 10.0% 348.3 Recurring 300.0 Profit 0.0% Ratio 197.0 200.0 181.9 163.5 119.2 134.1 100.8 -10.
Slide 11: Sales by Market
Sales by Market Office FA Controlling Machinery Equipment 1% 3% Mobile Others Phone Office Associated Others 25% 32% Machinery3% Electric 19% Mobile Phone 35% Equipment 3% FY2010 Wireless Communicatio FY2009 First n 3% FA First Controlling Half Associated Equipment Electric Equipment 3% Half 3% Auto
Slide 12: Sales Changes by Markets
Sales Changes by Markets (in round numbers) 7%up FY2009 70%up First Half FY2010 41%up First Half 27%down Digital Computer Wireless Cable Notebook Associated Office Mobile Industrial Electronic Machinery and others Consumer Related Commu Commu PC Phone FA Equipment Electronics Equipment nication nica
Slide 13: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 59 59 60 56 52 Overseas 50 47 Sales Ratio 40 36 32 30 Overseas 30 34 Production 30 Ratio 20 10 0 FY2006 FY2007 FY2008 FY2009 FY2010 FY2010 First Half 13
Slide 14: Changes in Consolidated Balance Sheet (Assets)
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2010 (B)Sep 30, 2010 (B)－(A) Remarks Cash and Cash in Bank 1,095.7 1,103.0 7.3 Increase in domestic subsidiaries Trade Receivables 240.1 257.4 17.3 Increase in sales (FY2009/4Q 221.7 -->FY2010/1Q 241.4 +19.7) Inventor
Slide 15: Changes in Consolidated Balance Sheet (Liabilities and Equity)
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)May 31, 2010 (B)Sep 30, 2010 (B)－(A) Remarks Notes Payable and Accounts 120.1 133.1 13.0 Purchase increase due to Payables production increase Income Tax Payables 48.9 52.1 3.2 Others 55.9 60.4 4.5 Increase in Account Payable
Slide 16: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Domestic Consolidated Basis) (hundred millions of Yen) (%) 120 60.0 H19年度税制改正に伴う 100 50.0 92 減価償却費増 約14億円 89 90 Capital (対売上比1.2％) Previously 80 Investment 80 ↓ Previously 40.0 66 66 66 66 ↓ Depreciation 75 60 60 30.0 Investment 44 Ratio 40 20.0 31 Depreci
Slide 17: Number of Employees
Number of Employees (based on financial report) (employees) 5000 4493 4146 4000 3617 3512 3415 Domestic 3000 3444 3176 2550 2430 2348 Overseas 2000 1000 970 1049 1067 1082 1067 0 2007 Mar. 2008 Mar. 2009 Mar. 2010 Mar. 2010Sep. 2010 Sep. 17
Slide 18: Distribution of Shareholders
Distribution of Shareholders 100% 2.73 5.58 8.31 10.95 11.53 90% 13.46 11.72 7.57 7.42 7.54 Treasury 80% Stocks 70% Individual 40.69 and Others 43.47 41.42 40.02 60% 45.52 Foreign 50% Corporation Other 40% Corporation 14.65 12.82 14.63 12.79 30% 14.67 1.13 Securities 1.32 1.25 1.34 Firm 20% 1.26 Fin
Slide 19: Business Forecast for the Year Ended March 31, 2011
Business Forecast for the Year Ended March 31, 2011 Green Italics note) First Half indicates 1Q & 2Q, Second Half indicates 3Q & 4Q. (hundred mililons of Yen) Number: Previously (May/2010) 中間期 First Half 下期 中間期 下期 Half Second 中間期 For the Year 年間 announced data FY2009 (Actual) FY2010 (Forecast) Over