Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2017 Earnings Presentation
19 slides from Hirose Electric's earnings presentation, Jul 31, 2017
Slide 1: Business Results For First Quarter, FY2017
For First Quarter, FY2017 Business Results ‐ CONNECTING THE FUTURE ‐ 31st July, y, 2017 Hirose Electric Co.,Ltd.
Slide 2: Cautionary Statement
■Cautionary Statement In this material,, there are descriptions p 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. Th
Slide 3: Business Situation of 1Q FY2017
Business Situation of 1Q FY2017 FY 2016 Smartphone market orders had slightly exceeded expectation for Chinese market, etc. Automotive market trend was stable. Industrial 1Q market sales started weak, but ended with a upward trend. Automotive market trended steadily. Smartphone market have 27％ FY 20
Slide 4: FY2016 1Q – FY2017 1Q Orders and Sales
FY2016 1Q – FY2017 1Q Orders and Sales (Consolidated Basis, Index Number) T l Total 120 The order for mainly smart phone market has been received ahead 111 104 103 103 102 100 99 Average 5 of％ FY2016 =100 100 97 98 96 18％ 19％ 4％ 5％ 2％ 6％ 3％ 6％ 80 1Q 2Q 3Q 4Q 1Q 1Q FY2017 FY2016 FY2017 4
Slide 5: Sales by Markets: Smartphone / Mobile
FY2016 1Q – FY2017 1Q Sales by Markets (Consolidated Basis, Index Number) Smartphone h / Mobile bl 120 115 Due to the delay of the starting up in Chinese market 27％ 100 Average of FY2016 =100 96 96 93 5％ 電子応用 92 80 18％ 19％ 4％ 5％ 2％ 6％ 3％ 6％ 60 1Q 2Q 3Q 4Q 1Q FY2016 FY2017 5
Slide 6: Sales by Markets: Automotive
FY2016 1Q – FY2017 1Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 27％ 106 100 Average5of％FY2016 =100 電子応用 98 99 98 97 18％ 19％ 4％ 5％ Start at the same level 2％ 3％ from 1Q.2016 6％ 6％ 80 1Q 2Q 3Q 4Q 1Q FY2016 FY2017 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, Others
FY2016 1Q – FY2017 1Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others Grown significantly G i ifi tl 123 because of good trend in FA 27％ 120 related equipment 106 5％ 電子応用 Average of FY2016 100 =100 18％ 101 99 19％ 4％ 5％ 95 2％ 6％ 3％
Slide 8: Business Results for 1Q, FY2017①
Business Results for 1Q, FY2017① Hundred millions of Yen FY2016 FY2017 Increase / Increase / 1Q 1Q Decrease Decrease Ratio Sales 276.4 294.7 18.3 27％6.6% COGS Ratio 52.8% 52.1% ‐0.7% SGA Ratio 21.5% 24.0% +2.5% Operating Profit 71.0 70.4 ‐0.6 ‐1.0% 5％ 電子応用 （％） 25.7% 23.9% ‐1.8% Recurring Profit 18％
Slide 9: Business Results for 1Q, FY2017② Major changes over prior same period
Business Results for 1Q, FY2017② Major changes over prior same period Unit：hundred milions of Yen ■ Sales 18.3 Increase Hirose ： + 16.7 Subsidiaries ： + 1.6 27％ ■ COGS Ratio 0.7 point Increase 5％ →3 電子応用 Cost Ratio ： 38.9％→ Purchase 3％ 37.3 Depreciation Ratio ： 4.2％→5.1％ 18％ 19％ ■ SGA 4％Ratio 2 5 po
Slide 10: Business Results for 1Q, FY2017③ Currency Effect
Business Results for 1Q, FY2017③ Currency Effect FY2016 FY2017 1Q 1Q Currency rate ：US$ 108.14 Yen 111.09 Yen 27％ Currency rate ：€ 122.02 Yen 122.19 Yen Currency rate：100won 9.30 Yen 9.85 Yen 5％ 電子応用 18％ Unit：hundred millions of Yen 19％ 4％ 5％ 2％ 6％ YoY currency effect amount 3％ 6％ Sales + 6.7 Operat
Slide 11: Quarterly Sales and Profits
Quarterly Sales and Profits (Hundred millions of Yen) 500.0 Sales Recurring Profit Recurring Profit Ratio （％） 40.0% 400.0 28.6% 29.2% 26.1% 26.5% 26.2% 24.3% 25.1% 27％ 30.0% 24.1% 19.9% 302 2 310.1 302.2 310 1 307 2 307.2 295.4 296.0 294.7 20.0% 300.0 283.3 276.4 283.2 5％ 電子応用 10.0% 200.0 18％ 0.0% 4
Slide 12: Changes in Consolidated Balance Sheet (Assets)
Changes in Consolidated Balance Sheet Unit：hundred of million Yen Increase/ Account Mar 31, 2017 Jun 30, 2017 Decrease Remark Cash and Cash Increase due to ggovernment bond in Bank 1 852 5 1,852.5 1 892 5 1,892.5 40 0 redemption, etc 40.0 27％ A Trade Receivables 284.9 286.4 1.5 S Decrease due to gov
Slide 13: Changes in Consolidated Balance Sheet (Liabilities and Equity)
Changes in Consolidated Balance Sheet Unit：hundred of million Yen Increase / Account Mar 31, 2017 Jun 30, 2017 Decrease Remarks Notes Payable and LIabIlItIes Acount Payable 113.9 122.3 8.4 Increase in domestic plant Income Taxes Payable 37.6 26.9 ‐10.7 Tax Payment 27％ Others 152.5 173.0 20.5 Increas
Slide 14: Sales Changes by Application
Sales Changes by Application (round number) 【Consolidated Basis】 120 29％UP FY2016.1Q 100 FY2017.1Q 27％ 80 3％DOWN 60 ±0 5％ 電子応用 40 18％ 12％UP 10％UP 19％ 20 4％ 5％ 2％ 6％ 3％ 6％ 0 General Smartphone Industrial /Mobile Phone Automotive Tablet Digital Communication Computer Office /Notebook PC Consumer *1 Re
Slide 15: Sales by Application (Consolidated Basis)
Sales by Application (round number) (Consolidated Basis) Others 27％ FA Controlling Equipment 29% 24 % 27％ Others 24% General 27% Industrial d i l FA Controlling General FY2017 Equipment 5％ 3 Industrial 31% FY2016 37% 1Q Associated % 1Q 電子応用 4% 4% Electric Equipment 3% 18% Cable 3% 1819 ％ ％ 4% 19％ 3%
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 80 72 72 73 71 70 70 27％ 60 50 48 45 44 45 44 40 5％ 電子応用 30 18％ 19％ 4％ 5％ 2％ 20 6％ 3％ 6％ Overseas Sales Ratio 10 Overseas Production Ratio 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2017.1Q 1Q FY2017 1Q FY2017.1Q 16
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) (hundred millions of Yen) （％） 180 Capital Investment 40.0 Depreciation 160 160 Capital Investment Ratio 140 Depreciation Ratio 132 27％ 30.0 118 118 120 110 111 105 100 5％ 電子応用 20 0 20.0 80 77 18％ 13.3 60 4％ 11 5 11.5 11.519％ 9.8 2％ 9.4
Slide 18: Business Forecast for the Year Ending March 31, 2018
Business Forecast for the Year Ending March 31,2018 (Consolidated) There is no change from pre previous io s fig figures res (April (April,2017) 2017) Unit：hundred millions of Yen FY 2016 FY 2017 First Half For the Year ( FY ended Mar 31, 2017) ( FY ended Mar 31, 2018) Over the Previous Over the Pre
Slide 19: Connecting the Future
CONNECTING THE FUTURE anniversary since1937 B ecoming a corporate group that contributes to realize an affluent society... By connecting wisdom and producing high value-added products. Corporate Website : https://www.-hirose.com/jp/ InvestorRelations : https://www.hirose.com/jp/ir/