Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2018 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Aug 6, 2018
Slide 1: For FY2018 First Quarter Business Results
For FY2018 First Quarter Business Results ‐ CONNECTING THE FUTURE ‐ August 6th , 2018 Hirose Electric Co., Ltd.〔6806〕
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 FY2018.1Q (Apr – Jun, 2018)
Business Situation of FY2018.1Q (Apr – Jun,2018) Order 328.8 hundred million yen （ YoY +1.8%） FY2018.1Q Sales 284.7 hundred million yen Results settled on （YoY ‐3.6%） (Apr – Jun) Operating profit 50.1 hundred million yen ※Profit Ratio 17.6 ％ （YoY ‐27.9%） Industrial Market The sales in industrial mar
Slide 4: FY2017 1Q – FY2018 1Q Orders and Sales
FY2017 1Q – FY2018 1Q Orders and Sales (Consolidated Basis, Index Number) Total Order 130 Sales 120 111 110 104 104 102 Average100 of 104 FY2017 = 100 98 98 91 90 94 88 80 1Q 2Q 3Q 4Q 1Q FY2017 FY2018 4
Slide 5: Sales by Markets: Smartphone / Mobile
FY2017 1Q – FY2018 1Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 115 112 Average of 100 FY2017 =100 Because of the 89 decrease in sales for Korean market. 80 84 69 Sales 60 1Q 2Q 3Q 4Q 1Q FY2017 FY2018 5
Slide 6: Sales by Markets: Automotive
FY2017 1Q – FY2018 1Q Sales by Markets (Consolidated Basis, Index Number) 120 Automotive 105 104 101 Average 100of FY2017 = 100 98 93 Steadily growing up Sales 80 1Q 2Q 3Q 4Q 1Q FY2017 FY2018 6
Slide 7: Sales by Markets: FA Controlling Device and Others
FY2017 1Q – FY2018 1Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 120 Maintain high level 106 Average of 100 101 100 2017 = 100 97 97 Sales 80 1Q 2Q 3Q 4Q 1Q FY2017 FY2018 7
Slide 8: Business Results for FY2018.1Q (IFRS)
Business Results for FY2018.1Q 【IFRS】 （Unit ： hundred millions of yen） Increase / Increase / FY2017.1Q FY2018.1Q Decrease Decrease Ratio （FY ended Jun30, 2017） （FY ended Jun30, 2018） （YoY） （YoY） Sales 295.4 284.7 ‐10.7 ‐3.6% COGS Ratio 52.5% 55.8% +3.3 SGA Ratio 23.9% 27.1% +3.2 Operating Profit 69.
Slide 9: Major Changes over prior same period FY2018.1Q
Major Changes over prior same period FY2018.1Q Unit：hundred millions of Yen ■ Sales 10.7 hundred million yen decrease (295.4 → 284.7) Hirose ： ‐0.2 Subsidiaries ： ‐10.5 ■ COGS Ratio 3.3 point decrease (52.5% → 55.8%) Purchase Cost Ratio ： 37.4％ → 38.1％ Depreciation Ratio ： 5.2％ → 7.5％ Labor Cost Rat
Slide 10: FY2018.1Q YoY Variation analysis
FY2018.1Q YoY Variation analysis ( Unit：Hundred millions of yen ) Earnings Earnings Operating Operating Sales before before income profit profit ratio income tax tax ratio FY2017.1Q Actual 295.4 69.5 23.5% 71.7 24.3% Exchange rate 2.8 ‐1.3 2.9 Depreciation cost increase ‐3.0 ‐3.0 Labor cost increase
Slide 11: Currency Effect for FY2018.1Q
Currency Effect for FY2018.1Q FY2017.1Q FY2018.1Q Currency rate：US$ 111.09 Yen 109.07 Yen Currency rate：€ 122.19 Yen 130.06 Yen Currency rate：100won 9.85 Yen 10.12 Yen ( Unit：Hundred millions of Yen ) YoY Currency effect amount Sales +2.8 Operating Profit ‐1.3 Earnings before income tax +2.9 11
Slide 12: Changes in Consolidated Balance Sheet: Assets
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2018 Jun 30, 2018 Decrease Remark Cash and Cash equivalents 694.0 658.7 ‐35.3 Payment of dividend,etc A Trade receivables and other claim 315.0 308.4 ‐6.6 S Inventories 121.9 135.7 13.8 S Other financial KO
Slide 13: Changes in Consolidated Balance Sheet: Liabilities and Equity
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2018 Jun 30, 2018 Decrease Remark Payables and other debt 195.3 211.5 16.2 Liabilities Income Taxes Payable 49.5 31.9 ‐17.6 Others 119.8 118.2 ‐1.6 364.6 361.6 ‐3.0 Capital stock and 210.8 207.2 ‐3.6 Shareh
Slide 14: Sales Changes by Application
Sales Changes by Application (round number) 【Consolidated Basis】 40 4％ UP FY2017.1Q 35 FY2018.1Q 30 25 23％ DOWN 20 8％ UP 15 10 5 0 General Industrial Automotive Smartphone/Mobile Phone Digital Consumer Tablet/Notebook PC Communication Computer Related Office Machinery General Automotive Smartphone /
Slide 15: Sales by Application
Sales by Application (round number) (Consolidated Basis) Computer Related Computer Related Equipment *2 Equipment *1 Office Machinery Communication 27 Communication ％ Tablet / 2% Digital Office Machinery Notebook PC 3% Consumer 4% Electronics 3% 2% Digital 5% Tablet / 5% Consumer Notebook PC 5% Elec
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 80 72 73 71 71 70 68 60 50 45 44 45 43 42 40 30 20 Overseas Sales Ratio 10 Overseas Production Ratio 0 FY2014 FY2015 FY2016 FY2017 FY2018.1Q 16
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) Capital Investment Depreciation (hundred millions of Yen) Capital Investment Ratio Depreciation Ratio （％） 180 40.0 159 160 160 140 132 30.0 118 115 120 111 103 100 20.0 80 77 15.8 60 11.5 12.7 12.3 9.8 45 10.0 40 9.2 8.8 9.8 28 8.2 20 6
Slide 18: Business Forecast for the Year Ending March 31, 2019
Business Forecast for the Year Ending March 31,2019 (Consolidated) There is no change from previous figures (May, 2018) ( Unit：Hundred millions of yen ) FY2017 FY2018 First Half For the Year (FY ended Mar31, 2018) (FY ended Mar31, 2019) Over the Previous Over the Previous Actual Forecast Actual Amou