Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2019 Earnings Presentation
24 slides from Harada Industry's earnings presentation, Dec 3, 2019
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2020
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2020 Harada Industry Co., Ltd. December 3, 2019 Securities Code: 6904 https://www.harada.com
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
Slide 3: I. Corporate Overview
|. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network HARADA INDUSTRY OF AMERICA, INC. HARADA INDUSTRIES (EUROPE) LIMITED HARADA INDUSTRIES (MEXICO), HARADA EUROPE R&D CENTRE S.A. DE C.V. DALIAN HARADA INDUSTRY CO., LTD. SHANGHAI HARADA NEW HARADA INDUSTRIES VIETNAM LIMITED AUTOMOTIVE ANTENNA CO., LTD. HARADA Asia-Pacific Ltd. TAIWAN
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support for multi- band antennas including: radio (AM/FM, DAB, and satellite (SDARS)), 4G-LTE, DSRC V2X, and GNSS. Rod Type Antenna Support for multi-band antennas including: radio (AM/FM, DAB, and satellite (SDARS)), 4G- LTE, DSRC V2X, and GNSS. In-Dash
Slide 7: 3. Major Products 2
3. Major Products 2 Amplifier for Screen Type Antenna Film Antenna for DTV Other Integrated Type (Hidden) Antenna Can be integrated beneath plastic roof panel, into spoiler, trunk lid or bumper. Support for multi-band antennas. 7
Slide 8: 3. Major Products 3
3. Major Products 3 Coaxial Cables Connecting antennas and audio units. Routing design, design and development to in-house manufacturing and assembly of components. CCA (Copper Clad Aluminum) Cables The core of braided wire uses aluminum while copper cladded on the outer that enables lighter weight,
Slide 9: II. Financial Results for 2Q FY2019 (Consolidated)
II. Financial Results for 2Q FY2019 (Consolidated) 9
Slide 10: 1. Net Sales Trend
1. Net Sales Trend 250 (Hundred millions of yen) Europe North and Central Americas 215 Asia 211 213 211 198 203 200 Japan 23 22 20 23 19 21 175 152 15 66 62 66 150 12 74 64 65 60 110 47 5 101 100 7 58 57 46 37 52 54 53 33 29 41 16 50 17 63 64 68 72 75 51 58 60 59 42 0 2Q FY2010 11 12 13 14 15 16 17
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2018 2Q FY2019 Increase Previous year Current year Main factors or Composition Composition in increase or decrease ratio (%) ratio (%) decrease - Japan: 292 21,345 21,182 - Asia: (1,039) (currency effect: (80)) Net sales (162)
Slide 12: 3. Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 1,000 815 800 604 600 541 444 399 400 309 340 270 200 135 0 (200) (400) (465) (600) 2Q FY2010 11 12 13 14 15 16 17 18 19 Current year 12
Slide 13: 4. Changes in Operating Profit
4. Changes in Operating Profit (Millions of yen) Decrease in gross profit due to decrease in net sales Increase in selling, general and administrative expenses - Temporary increase in labor costs (36) (260) (81) 726 Decrease in gross profit due to increase in cost of sales ratio 348 - The effect of
Slide 14: 5. Summary of 2Q Consolidated Balance Sheet
5. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2018 Component 2Q FY2019 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 26,924 76.4% 23,871 73.3% (3,052) Non-current assets 8,311 23.6% 8,715 26.7% 403 Total assets 35,236 100.0% 32,587 100
Slide 15: 6. Sales Breakdown by Reportable Segments
6. Sales Breakdown by Reportable Segments 2Q FY2018 Europe Previous year 9.7% (Millions of yen) North Japan Previous Current and 34.2% year year Central Americas Asia Increase Impact of 29.3% 26.8% 2Q 2Q Net or foreign FY2018 FY2019 change decrease exchange Japan 7,299 7,591 292 － 292 Asia 5,712 4,6
Slide 16: 7. Consolidated Cash Flow Trend
7. Consolidated Cash Flow Trend (Millions of yen) 4,000 Cash flows from operating activities 3,000 Cash flows from investing activities Cash flows from financing activities 2,000 1,000 0 (1,000) (2,000) (3,000) 2Q FY2010 11 12 13 14 15 16 17 18 19 Current year 2Q FY2010 11 12 13 14 15 16 17 18 19 Op
Slide 17: 8-9. Depreciation and Research and Development Expense Trend
8. Depreciation Trend (Millions of yen) 700 600 499 528 500 487 417 410 430 421 400 368 287 263 300 200 100 0 2Q FY2010 11 12 13 14 15 16 17 18 19 9. Research and Development Expense Trend (Millions of yen) 1,000 764 821 800 718 759 717 689 656 667 600 452 451 400 200 0 2Q FY2010 11 12 13 14 15 16 1
Slide 18: 10. Number of Employees
10. Number of Employees 1 (People) 6,000 5,396 4,705 4,835 4,315 4,370 4,411 4,000 3,450 3,553 2,372 2,342 2,000 0 2Q FY2010 11 12 13 14 15 16 17 18 19 10. Number of Employees 2 (Regional Breakdown) 6,000 (People) 48 Japan Asia North and Central Americas Europe 48 49 49 46 45 1,915 4,000 42 44 941 1
Slide 19: 11. Dividend and Stock Price Trend
11. Dividend and Stock Price Trend (Yen) 2,000 15.0 Dividends Stock prices (highest) Stock prices (lowest) 1,500 10.0 10.0 10.0 10.0 7.5 7.5 7.5 7.5 7.5 7.5 7.5 1,000 5.0 500 0.0 0 0.0 FY2010 11 12 13 14 15 16 17 18 2Q 4Q FY2019 FY2019 Forecast Stock Price Trend (Yen) 2Q FY2010 11 12 13 14 15 16 17
Slide 20: 12. Foreign Exchange Rate Trend
12. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 300 16.05 16.32 19.73 16.49 16.66 18 15.46 15.69 250 12.47 15 192.80 200 150.28 172.63 12 133.04 138.32 145.77 144.48 136.62 129.77 123.13 150 9 100 122.49 6 98.61 101.37 102.88 112.00 110.54 107.79 50 88.49 80.73 79.31 3 0 0 2Q
Slide 21: Reference
Reference HARADA 21
Slide 22: 1. Automobile Manufacturing Trend (Results and Forecasts)
1. Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） （Thousands） 10,000 55,000 9,500 50,000 9,177 8,971 9,000 45,000 43,192 8,500 40,000 36,919 8,000 35,000 7,500 30,000 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 North and Central Americas
Slide 23: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 3. Cooper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 23
Slide 24: HARADA
HARADA Automotive Antenna Authority