Hamamatsu Photonics K.k. · TSE:6965

Hamamatsu Photonics K.k — Q2 FY2018 Earnings Presentation

30 slides from Hamamatsu Photonics K.k's earnings presentation, May 2018

  1. Slide 1: Hamamatsu Second Quarter Report (Summary)

    Hamamatsu Second Quarter Report (Summary) Fiscal Year ending September 30, 2018 May 2018 Hamamatsu Photonics K.K. Tokyo Stock Exchange: 6965 www.hamamatsu.com

  2. Slide 2: Notes

    Notes This material is not intended to be a solicitation to buy or sell any securities of Hamamatsu Photonics K.K. The information contained in this material is based on data available as of making it. No guarantees, promises are made as to its accuracy or completeness. 2

  3. Slide 3: Financial results summary

    1．Financial results summary 2．Annual forecast/business development 3．Topics 3

  4. Slide 4: Semi-annual consolidated performance financial highlights

    Semi-annual consolidated performance financial highlights in million yen FY 2017 FY2018 compared 2nd Half Year compared 1st 2 nd 1st Year with prev. (Revised (Revised with prev. Half Half Half year plan) plan) year(Plan) Net Sales 64,953 65,542 130,495 73,074 112.5% 71,226 144,300 110.5% Operating I

  5. Slide 5: Consolidated income statements

    Consolidated income statements in million yen FY2016 FY2017 FY2018 2nd half Year Year % 1st half 2nd half Year % 1st half % (Plan) (Plan) Net Sales 121,852 100.0 64,953 65,542 130,495 100.0 73,074 71,226 144,300 100.0 Cost of Sales 60,807 49.9 32,915 32,755 65,670 50.3 35,383 35,717 71,100 49.3 Gros

  6. Slide 6: Sales & Profit (consolidated)

    Sales & Profit (consolidated) Fiscal Years ending September 30 in million yen 160,000 30,000 Sales Profit 140,000 25,000 120,000 20,000 100,000 80,000 15,000 60,000 10,000 40,000 5,000 20,000 0 0 FY2018 FY2018 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 (Origina (Revised l plan) plan) Net Sales

  7. Slide 7: Sales by region (consolidated)

    Sales by region (consolidated) Fiscal Years ending September 30 in million yen FY2017 FY2018 Region 1st Half 2 nd Half Year Share 1st Half Inc./Dec. Share (Year) Japan 19,677 18,701 38,378 29.4% 21,265 108.0% 29.1% North America 16,817 16,497 33,314 25.5% 16,556 98.4% 22.7% Europe 15,766 17,195 32,9

  8. Slide 8: Sales by region (consolidated)

    Sales by region (consolidated) FY2017(Year) FY2018(1st half) 130,495 million yen 73,074 million yen Asia and Asia and Japan/ Japan/ China China Domestic Domestic 19.6% 21.9% 29.4% 29.1% Europe Europe North 26.1% 25.3% North America America 25.5% 22.7% actual rates 1 US dollar : 111.77 yen 1 US dolla

  9. Slide 9: Capital investment (payment based) & depreciation

    Capital investment (payment based) & depreciation in million yen Capital Inv. 10,000 9,261 Main capital investment in the 2nd half of FY2018 Capital Inv. 9,000 ・ Compound semiconductor factory’s equipment (Miyakoda) 1,200 million yen 7,939 8,000 Depreciation 7,000 6,134 6,000 Depreciation 5,000 4,56

  10. Slide 10: R & D expense (consolidated)

    R & D expense (consolidated) in million yen 16,000 12.0% 14,000 10.0% 12,000 8.0% 10,000 8,000 6.0% 6,000 4.0% 4,000 2.0% 2,000 0 0.0% 2nd half Year Year Year Year Year 1st half 2nd half Year 1st half (Revised (Revised plan) plan) FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 R&D 10,885 10,977 11,615 11

  11. Slide 11: Annual forecast/business development

    1．Financial results summary 2．Annual forecast/business development 3．Topics 11

  12. Slide 12: Sales & profit (consolidated) from FY2015 to FY2020

    Sales & profit (consolidated) from FY2015 to FY2020 in million yen 180,000 35,000 Sales Profit 160,000 30,000 140,000 25,000 120,000 20,000 100,000 80,000 15,000 60,000 10,000 40,000 5,000 20,000 0 0 FY2018 FY2018 FY2019 FY2020 YF2015 FY2016 FY2017 (Original (Revised (Original (Original plan) plan)

  13. Slide 13: Sales by industry & application (consolidated)

    Sales by industry & application (consolidated) in million yen Rad Med. Diag. Inst. (X-ray CT, PET, Gamma camera, Dental imaging) Medical inspection or Monitoring instrument.(DNA, Blood analyzer) 55,000 Semiconductor instrument (Failure analysis, Stealth dicing) 50,000 Non destructive testing 45,000

  14. Slide 14: Sales by industry & application (consolidated)

    Sales by industry & application (consolidated) in million yen FY2016 FY2017 FY2018 Mar.2016 Sep.2016 Mar.2017 Sep.2017 Mar.2018 Sep.2018 Industry / Application 2nd half Year 1st half 2nd half Year % 1st half 2nd half Year % 1st half % plan plan Rad med. diag. inst. (X-CT, PET, Dental) 18,094 17,562

  15. Slide 15: Sales by industry & application (consolidated)

    Sales by industry & application (consolidated) FY 2018 Information/Communication Consumer Projection Transport instrument (Automobile sensor, 1.2% 0.8% Auto-LAN, ITS) Optical instrument Nuclear medical Others 3.6% 1.5% 5.0% instrument Academic Research (X-CT, PET, (Neutrino detection, Gamma) LHC Pro

  16. Slide 16: Sales by the segment (consolidated)

    Sales by the segment (consolidated) in million yen FY2016 FY2017 FY2018 st nd st 2 nd half Year Year 1 half 2 half Year 1 half (Plan) (Plan) Electron tube 46,890 25,031 25,418 50,449 28,725 28,175 56,900 Opto-semiconductor 56,432 30,324 31,202 61,526 34,560 33,340 67,900 Imaging and measurement 16,3

  17. Slide 17: Electron tube segment (Electron tube division)

    Electron tube segment (Electron tube division) Toyooka factory at Iwata-city, Shizuoka-pref. 17

  18. Slide 18: Electron tube (consolidated)

    Electron tube(consolidated) in million yen Fiscal Years ended September 30 FY2016 FY2017 FY2018 st nd st 2nd half Year Year % 1 half % 2 half % Year % 1 half % % % (Plan) (Plan) Net Sales 46,890 100.0 25,031 100.0 25,418 100.0 50,449 100.0 28,725 100.0 28,175 100.0 56,900 100.0 Cost of 21,109 45.0 1

  19. Slide 19: Sales of core electron tube by application (consolidated)

    Sales of core electron tube by application (consolidated) 8,000 DNA, Blood in million yen analyzer,etc 7,000 Liquid Medical imaging,etc chromatography,etc Semiconductor, Analytical and medical inspection,etc 6,000 Non destructive testing,etc 5,000 Semiconductor manufacturing 4,000 3,000 2,000 1,000

  20. Slide 20: Opto-semiconductor segment (Solid state division)

    Opto-semiconductor segment (Solid state division) Ichino main factory at Hamamatsu-city, Shizuoka-pref. 20

  21. Slide 21: Opto-semiconductor (consolidated)

    Opto-semiconductor(consolidated) in million yen Fiscal Years ended September 30 FY2016 FY2017 FY2018 st nd st 2nd half Year Year % 1 half % 2 half % Year % 1 half % % % (Plan) (Plan) Net Sales 56,432 100.0 30,324 100.0 31,202 100.0 61,526 100.0 34,560 100.0 33,340 100.0 67,900 100.0 Cost of 30,652 5

  22. Slide 22: Sales of core opto-semiconductor (consolidated)

    Sales of core opto-semiconductor (consolidated) in million yen Semiconductor inspection, Dental diagnostic and 16,000 Analytical instrument X-ray medical equipment 14,000 12,000 Dental diagnostic Automobile and 10,000 FA sensor Blood test, Semiconductor, Range finder, Encoder, Optical 8,000 communic

  23. Slide 23: Imaging and measurement instruments segment (System division)

    Imaging and measurement instruments segment (System division) Joko factory at Hamamatsu-city, Shizuoka-pref. 23

  24. Slide 24: Imaging and measurement instruments (consolidated)

    Imaging and measurement instruments (consolidated) in million yen Fiscal Years ended September 30 FY2016 FY2017 FY2018 2nd half Year Year % 1st half % 2nd half % Year % 1st half % % % (Plan) (Plan) Net Sales 16,366 100.0 8,834 100.0 8,408 100.0 17,242 100.0 8,686 100.0 8,514 100.0 17,200 100.0 Cost

  25. Slide 25: Sales of core Imaging & Measurement Instruments (consolidated)

    Sales of core Imaging & Measurement Instruments in million yen (consolidated) Biomedical Emission microscopy 6,000 application Bio, Medical, Clinical 5,000 pathology 4,000 Industrial X-ray inspection Academic research 3,000 2,000 1,000 0 Digital Semiconductor System for life Measurement Spectroscopy

  26. Slide 26: Topics

    1．Financial results summary 2．Annual forecast/business development 3．Topics 26

  27. Slide 27: Experiments for High-Energy Physics Using Photomultiplier Tubes (PMT)

    Experiments for High-Energy Physics Using Photomultiplier Tubes(PMT) Purpose of Place of Start year of Number of Type Name of experiment experiment exp. production detectors Neutrino, 82,000 Hyper-Kamiokande Japan 2019 Proton Decay 14,000 460 Underground LZ7/DUSEL Dark Matter USA Complete 100 135 JU

  28. Slide 28: General Exhibition, Photon Fair 2018 to be held

    General Exhibition, Photon Fair 2018 to be held Thema : What we can do using photonics technology Nov. 1st(Thurs) – 3rd(Sat), 2018 at Act City, Hamamatsu City, Shizuoka Previous exhibition (Photon Fair 2013) 28

  29. Slide 29: PHOTON IS OUR BUSINESS

    PHOTON 1S OUR BUSINESS www.hamamatsu.com Copyright © Hamamatsu Photonics K.K. All Rights Reserved.

  30. Slide 30: Hamamatsu Photonics group offices

    Asia America HAMAMATSU PHOTONICS K.K. HAMAMATSU CORPORATION Headquarters Main Office / California Office / Chicago Office HAMAMATSU PHOTONICS (CHINA)Co., Ltd. / Boston Office Head Office / Shanghai Branch PHOTONICS MANAGEMENT CORP. / Shenzhen Branch ENERGETIQ TECHNOLOGY, Inc. BEIJING HAMAMATSU PHOTO

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