Yushin Company · TSE:6482

Yushin — Yushin Precision Equipment — FY2014 2Q Earnings Presentation

27 slides from Yushin's earnings presentation, Nov 7, 2013

  1. Slide 1: Investors Presentation

    Yushin Precision Equipment Co., Ltd. FY2014 2Q Investors Presentation November 7, 2013 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 g

  2. 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: 596 (As of Sep. 30, 2013, consolidated) Consolidated net sales: 14,721 million yen (FY2013) Securities code: 6482 (First Section of the TSE

  3. Slide 3: Product Lineup (1)

    Product Lineup (1) Sales ratio Take-out Robots <HSA series> <HST series> <RC series> 73% Traverse type Traverse type Traverse type FY2014 2Q <TSXA series> * It will be released in Jan. 2014. <YC series> <SC series> <TSXA series> Traverse type Traverse type Side-entry type <HOP series> <DRD series> F

  4. Slide 4: Product Lineup (2)

    Product Lineup (2) Sales ratio Custom-ordered Equipments 12% WSS Stock system In-mold system Gate cutting system FY2014 2Q Sales ratio Parts and Maintenance service 15% After-sales maintenance FY2014 2Q 4 Nov. 7, 2013

  5. Slide 5: Performance and Price of Take-out Robots

    Performance and Price of Take-out Robots Performance Traverse type RA-HS,HSA (5-axis servo) 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

  6. 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

  7. Slide 7: Results for FY2013 2Q and Forecast for FY2014

    Results for FY2013 2Q and Forecast for FY2014 (Millions of yen) FY2013 2Q FY2014 (forecast) Ratio Change Ratio Change Amount Amount (%) (%) (%) (%) Net Sales 8,378 100.0 14.0 17,200 100.0 16.8 Gross Profit 3,411 40.7 21.8 7,000 40.7 21.3 Operating Income 1,103 13.2 48.4 2,240 13.0 49.5 Ordinary Inco

  8. Slide 8: Factor and Assumption

    Factor and Assumption FY2014 2Q FY2014 (forecast)  14.0% increase from the previous FY 2Q to 8,378 million yen ・Take-out robots sales increased by 14.6% Y/Y ・Strong sales of take-out robots in North and Custom-ordered equipment sales America and China. Net Sales increased by 23.3% Y/Y. ・Increase of

  9. Slide 9: 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 20,000 8,000 17,612 17,200 16,295 7,000 15,900 15,000 14,240 14,721 6,000 12,369 12,567 5,000 3,578 10,000 2,986 4,000 2,461 2,424 2,805 2,580 3,000 2,013 1,

  10. Slide 10: Sales Breakdown (Half-yearly)

    Sales Breakdown (Half-yearly) (Mil. Yen) 9,000 8,822 8,378 Parts and 8,000 Maintenance 7,427 7,350 7,371 service 7,000 6,789 6,813 Custom- ordered 6,000 5,778 equipments 5,000 4,000 3,000 Take-out 2,000 robots 1,000 0 14/3 14/3(Full) 10/9 11/3 11/9 12/3 12/9 13/3 13/9 (forecast) (forecast) Parts and

  11. Slide 11: Sales by End User Categories (Half-yearly)

    Sales by End User Categories (Half-yearly) (Mil. Yen) 8,822 9,000 8,378 Others Medical products 8,000 7,427 7,350 7,371 Sundry products 6,789 6,813 Containers 7,000 5,778 6,000 Electronic parts 5,000 4,000 Discs and optical instruments 3,000 Automotive products 2,000 1,000 Electrical appliance 0 14/

  12. Slide 12: Sales by End User Categories

    Sales by End User Categories Others 1% Medical 4% Containers 6% Disc and optical instrument 6% Automotive Sundry products products 32% 9% Electrical appliance 13% Electronic parts 29% FY2014 2Q Net Sales 8,378 million yen 12 Nov. 7, 2013

  13. Slide 13: Sales by Region (Half-yearly)

    Sales by Region (Half-yearly) (Mil. Yen) 9,000 8,378 8,822 Others 8,000 7,427 7,350 7,371 North America 6,789 6,813 7,000 Europe 5,778 6,000 Other Asia 5,000 4,000 China/Taiwan 3,000 2,000 Japan 1,000 0 14/3 14/3(Full) 10/9 11/3 11/9 12/3 12/9 13/3 13/9 (forecast) (forecast) Others 74 78 83 94 86 95

  14. Slide 14: Expansion of Global Bases

    Expansion of Global Bases Netherlands Canada UK Korea USA(Ohio) (Soul) Spain Italy Korea USA(Indiana) China(Tianjin, Yantai, Dalian) USA (Daegu) USA(California) China(Shanghai) (Rhode Island) China（Chongqing, Wuhan, Suzhou） Japan USA USA(Texas) (North Carolina) India(Gurgaon) Taiwan(Taipei) China(Gu

  15. Slide 15: Change in Performance of Subsidiaries

    Change in Performance of Subsidiaries (Millions of yen) Invest 2011/12 2012/12 2013/12（forecast） Country Setup ment ratio Operating Net Operating Net Operating Net Sales Sales Sales income income income income income income South Korea 2000.10 100% 659 33 29 915 38 88 1,555 201 181 Taiwan 2001. 7 10

  16. Slide 16: Capital Investment / Depreciation / R&D

    Capital Investment / Depreciation / R&D (Millions of yen) 3,000 Capital investment Depreciation R&D Expenses July, 2013 Land acquisition 2,500 Expansion of R&D building/factory equipped with clean room for WSS and medical purpose. 2,000 July, 2012 Land acquisition March, 2013 Construction of the Tec

  17. Slide 17: 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 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 (forecast） <Change in cash flow from operating, investing, and financing activities> (Millions of yen) FY2014 FY2009 FY2

  18. Slide 18: Medium-term Objectives

    Medium-term Objectives FY2013 Medium-term Objectives  Net Sales: 14.7 billion yen 30 billion yen or more  Ordinary Income: 1.74 billion yen 5 billion yen or more  Ordinary Profit rate: 11.9% 15% or more  EPS: 63.7 yen 150 yen or more (Billions of yen) 30.0 Net Sales Ordinary Income 5.00 21.1 19.

  19. Slide 19: To Become Absolutely Dominant in the Industry: Enhancement of Products 1

    To Become Absolutely Dominant in the Industry (1) Enhancement of the Products - 1  Awarded “the Japan Society of Mechanical Engineers Medal for New Technology 2011” for the new traverse type take-out robot (HSA series), in which design optimization was applied. The robot was jointly-developed with

  20. Slide 20: 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 current model, 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. <NE

  21. Slide 21: To Become Absolutely Dominant in the Industry: Enhancement of Products 3

    To Become Absolutely Dominant in the Industry (1) Enhancement of the Products - 3  Awarded “the Japan Machinery Federation’s Energy Efficient Machine” for the new traverse type take-out robot (YC series), in which design optimization was applied. Awarded the JMF’s Energy Efficient Machine! <YC seri

  22. Slide 22: 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.

  23. Slide 23: Enhancement of the Global Network

    To Become Absolutely Dominant in the Industry (3) Enhancement of the Global Network  Target on the top class companies in the world as customers.  Strengthen global sales ・ Enhance sales in Philippines, Vietnam, Indonesia and Thailand. ・ Enhance sales in Europe by new agencies in Italy, Spain and

  24. Slide 24: Cultivation of Human Resources

    To Become Absolutely Dominant in the Industry (4) Cultivation of Human Resources  Collaborative work with the University ・ By the collaboration “Product Design” with Osaka University, cultivation of designers with high level technology.  A wide variety of training ・ Enhance high level technical tr

  25. Slide 25: Land Acquisition in Kyoto

    Land Acquisition in Kyoto Acquired in July, 2013 (21,000m2) Acquired land <Plan> Relocation HQ and Factory Improvement Operational efficiency Technical Center Yushin HQ 25 Nov. 7, 2013

  26. Slide 26: 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% 700 35th year 70% commemorate 40th year 600 dividend commemorate 60% 30th year commemorate dividend 500 dividend 50% 400 40% 300 30% 200 20% 100 10% 0 0% FY2002 FY

  27. Slide 27: 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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