Slide 1: FY2011 3rd Quarter Performance Briefing
SUMIDA CORPORATION FY2011 3rd Quarter Performance Briefing 31st October 2011 Presented by Executive Officer: Yoshiyuki Honda & President: Tomoharu Suzeki Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 2: Financial Performance in 3rd Quarter FY2011
Financial Performance in 3rd Quarter FY2011 Presented by: Executive Officer - Mr. Yoshiyuki Honda Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 3: 3rd Quarter Financial Results
1. 3RD QUARTER FINANCIAL RESULTS unit: JPY millions 2011.3Q 2010.3Q YoY (%) 2011.2Q QoQ (%) (A) (B) (A)/(B) (C) (A)/(C) Sales 13,705 13,828 99.1 13,880 98.7 Operating 530 1,102 48.1 661 80.2 Income Ordinary 82 961 8.5 542 15.1 Income Net Income 1 889 0.2 272 0.4 USD 79.04 87.99 89.8 82.10 96.3 Excha
Slide 4: Operating Profit - 2Q 2011 vs. 3Q 2011
2. Operating Profit ‐ 2Q 2011 vs. 3Q 2011 unit: JPY millions 11.2Q Operating 11.3Q Profit Operating 661 Profit 530
Slide 5: Non-Operating Income / Expense
3. NON‐OPERATING INCOME／EXPENSE unit: JPY millions 11.3Q Dividend & Interest Received (134) Netting 15 Holland Financing Subsidiary JPY deposit (132) Derivatives from acquisitions (109) Others (87) Non-operating Profit (447)
Slide 6: FY2011 Revisions to Earnings Forecast
4. FY 2011 REVISIONS TO EARNINGS FORECAST unit: JPY millions Consolidated Consolidated Consolidated Consolidated Operating Operating EPS (JPY) Sales Net Income Income Income Revised Forecast 53,000 2,000 1,230 500 26.03 (A) Previous forecast 55,000 4,000 3,330 2,600 135.32 (B) Difference (2,000) (2,
Slide 7: FY2011 Quarterly Performance
5. FY2011 Quarterly Performance unit: JPY millions 1Q 2Q 3Q 4Q (actual) (actual) (actual) (forecast) sales 13,259 13,880 13,705 12,156 Operating Profit 618 661 530 191 USD 82.87 82.10 79.04 77.00 Exchange Rate (JPY) EURO 110.08 117.05 113.28 104.70
Slide 8: 4Q 2011 Operating Profit Forecast
6. 4Q 2011 OPERATING PROFIT FORECAST unit: JPY millions 11.3Q Operating Profit 530 11.4Q(est. ) Operating Profit 191
Slide 9: Consolidated Balance Sheet
7. CONSOLIDATED BALANCE SHEET unit: JPY millions Change 11.3Q 10.4Q Difference % Current Assets 27,915 27,168 747 2.8 Fixed Assets 21,322 22,145 (823) (3.7) Current Liabilities 31,145 31,318 (172) (0.6) Fixed Liabilities 10,540 9,243 1,297 14.0 Shareholder’s Equity 19,873 19,673 199 1.0 Translation
Slide 10: Business Performance in 3rd Quarter & Outlook for 4th Quarter FY2011
Business Performance in 3rd Quarter & Outlook for 4th Quarter FY2011 Presented by: President - Mr. Tomoharu Suzeki Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 11: 3Q FY2011 Status - Revision of Earnings Forecast
3Q FY2011 STATUS ‐ REVISION OF EARNINGS FORECAST 3Q Sales: Consumer segment disappointing due to low pre‐Christmas orders, however automotive markets show strong demand. Operating Income: Affected by persistent copper price and adjustments in production output to match market situation. Copyrigh
Slide 12: Key Points on 3Q Performance
KEY POINTS ON 3Q PERFORMANCE Operating Income in FY2011 YTD has been affected by the dramatic changes in copper price since the close of last year. Effect of the recent decline in copper price has not affected 3Q performance because there is a 2‐3 month delay before any influence can be seen in
Slide 13: Performance Trend by Market
PERFORMANCE TREND BY MARKET Automotive Consumer Industrial Automotive (52.3% of Sales): 12.0% up YoY. Plan to increase sales in N. America. For the first time this segment has exceeded 50% of our total sales, and we plan to further strengthen this in the future. Consumer Electronics (30.2% of Sa
Slide 14: Initiatives & Challenges from 3Q Onwards: Marketing
INITIATIVES & CHALLENGES FROM 3Q ONWARDS Marketing Automotive Expansion of EV/HEV is large, looking forward, we will expand our presence in Europe and North America as well as in Japan. Orders from Japanese makers for EV rapid charging reactors unlike our other products these weigh 3 – 4 kg
Slide 15: Initiatives & Challenges from 3Q Onwards: Production
INITIATIVES & CHALLENGES FROM 3Q ONWARDS Production Implementation of Silk Road Strategy ISO certifications for all satellite locations have been completed. Production transfers are smoothly progressing (transfer of power inductors lines are already 60% complete) The influence of rising labour
Slide 16: Initiatives & Challenges from 3Q Onwards: R&D and Group
INITIATIVES & CHALLENGES FROM 3Q ONWARDS R&D Strategy Re‐organisation of Global R&D group Focus on products which do not fit under existing product classification. Whole Group Improved financial position which protects us from short term influences of currency fluctuations. Dealing with Copper
Slide 17: The Effect of the Floods in Thailand
THE EFFECT OF THE FLOODS IN THAILAND ・By instruction from local authorities, operations were stopped on the 11th Situation 30km from the October. ・The flooding hit our facility on the 21st centre of October. However, we were able to Bangkok transfer our machinery to the 2nd floor in time. ・The propo
Slide 18: Financial Analysis
Financial Analysis Included in the section are financial analysis related documents which were not used during the IR briefing. (please note some items may be duplicates) Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 19: 3rd Quarter Financial Results
1. 3RD QUARTER FINANCIAL RESULTS unit: JPY millions Comparison Comparison 2011.3Q 2010.3Q 2011.2Q (%) (%) (A) (B) (A)/(B) (C) (A)/(C) Sales 13,705 13,828 99.1 13,880 98.7 Operating 530 1,102 48.1 661 80.2 Income Ordinary 82 961 8.5 542 15.1 Income Net Income 1 889 0.2 272 0.4 USD 79.04 87.99 89.8 82
Slide 20: 3Q Financial Performance by Segment
2. 3Q FINANCIAL PERFORMANCE BY SEGMENT unit: JPY millions Change 2011.3Q 2011.2Q 2010.3Q QoQ YoY Asia Pacific 8,871 8,601 9,219 103.2% 96.2% Operations EU Operations 4,833 5,278 4,609 91.6% 104.9% Total 13,705 13,880 13,828 98.7% 99.1% Note: 3Q 2010 results have been rearranged to match our current
Slide 21: Sales by Market Segment
3. SALES BY MARKET SEGMENT unit: JPY millions
Slide 22: Operating Profit - 10.3Q vs. 11.3Q
4. OPERATING PROFIT - 10.3Q VS. 11.3Q unit: JPY millions 10.3Q Operating Profit 1,102 11.3Q Operating Profit 530
Slide 23: Operating Profit - 11.2Q vs. 11.3Q
5. OPERATING PROFIT– 11.2Q VS. 11.3Q unit: JPY millions 11.2Q Operating Profit 11.3Q 661 Operating Profit 530
Slide 24: Non-Operating Income / Expense
6. NON‐OPERATING INCOME／EXPENSE unit: JPY millions 11.3Q Dividend & Interest Received (134) Netting 15 Holland Financing Subsidiary JPY interest (132) payment Derivatives from acquisitions (109) Others (87) Non-operating Income (447)
Slide 25: Consolidated Balance Sheet
7. CONSOLIDATED BALANCE SHEET unit: JPY millions Change 11.3Q 10.4Q Difference % Current Assets 27,915 27,168 747 2.8 Fixed Assets 21,322 22,145 (823) (3.7) Current Liabilities 31,145 31,318 (172) (0.6) Fixed Liabilities 10,540 9,243 1,297 14.0 Shareholder’s Equity 19,873 19,673 199 1.0 Translation
Slide 26: Consolidated Cash Flow Statement
8. CONSOLIDATED CASH FLOW STATEMENT unit: JPY millions 2011 9 months 2010 9 months Cash Flow from Operating Activities 514 1,274 Cash Flow from Investment Activities (1,882) (1,071) Cash Flow from Financing Activities 1,617 (1,609) Cash and Cash Equivalents 7,152 6,985
Slide 27: FY2011 Revisions to Earnings Forecast
9. FY 2011 REVISIONS TO EARNINGS FORECAST unit: JPY millions Consolidated Consolidated Consolidated Consolidated Operating Operating EPS (JPY)_ Sales Net Income Income Income Revised Forecast 53,000 2,000 1,230 500 26.03 (A) Previous forecast 55,000 4,000 3,330 2,600 135.32 (B) Difference (2,000) (2
Slide 28: FY2011 Quarterly Performance
10. FY2011 QUARTERLY PERFORMANCE unit: JPY millions 1Q 2Q 3Q 4Q (actual) (actual) (actual) (forecast) sales 13,259 13,880 13,705 12,156 Operating 618 661 530 191 Income USD 82.87 82.10 79.04 77.00 Exchange Rate (JPY) EURO 110.08 117.05 113.28 104.70
Slide 29: 2011 Operating Profit Forecast
11. 2011 OPERATING PROFIT FORECAST unit: JPY millions 11.3Q Operating Profit 530 11.4Q(est.) Operating Profit 191
Slide 30: Depreciation, CAPEX, R&D Expenses
12. DEPRECIATION, CAPEX, R&D EXPENSES unit: JPY millions 2011 First 9 months 2010 First 9 months Depreciation 1,644 1,896 CAPEX 1,911 1,418 R&D Expense 833 830 Exchange Rate USD 81.34 90.12 (average) (JPY) EURO 113.80 120.29
Slide 31: Performance by Quarter
13. PERFORMANCE BY QUARTER unit: JPY millions 02.1Q 02.2Q 02.3Q 02.4Q 03.1Q 03.2Q 03.3Q 03.4Q Sales 8,955 9,349 8,474 8,018 7,202 7,162 8,033 8,140 Operating Income 504 592 641 433 301 571 709 813 04.1Q 04.2Q 04.3Q 04.4Q 05.1Q 05.2Q 05.3Q 05.4Q sales 8,187 9,179 9,519 9,361 9,424 9,700 10,225 10,317
Slide 32: Performance by Quarter
14. PERFORMANCE BY QUARTER Units: in JPY millions 21,000 2,000 18,000 1,500 15,000 1,000 12,000 500 9,000 0 6,000 △ 500 3,000 △ 1,000 0 △ 1,500 02.1Q 03.1Q 04.1Q 05.1Q 06.1Q 07.1Q 08.1Q 09.1Q 10.1Q 11.1Q Sales Operating Income
Slide 33: Disclaimer
DISCLAIMER The present slides are provided only to serve the purpose of disclosing information in your evaluation of the Company. Final decision on investments or similar decision is left to your absolute discretion. The Company disclaims responsibility or liability for any or all results arising fr