Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2014 Earnings Presentation
16 slides from Hirose Electric's earnings presentation, Feb 2, 2015
Slide 1: Business Results of Third Quarter, FY2014
Business Results of Third Quarter, FY2014 Creative Links to World Electronic Feb 2nd, 2015 Hirose El Hi Electric ti Co.,Ltd 1
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 3Q FY2014
Business Situation of 3Q FY2014 [1Q FY2014 (Apr – Jun)] •Korean Smartphone/Mobile phone market sluggish, and Chinese Smartphone/Mobile phone market in adjustment phase after bullish April order. Automotive and Industrial market continued the steady order. [2Q FY2014 (Jul – Sep)] • For Smartphone, Ko
Slide 4: FY2013 1Q – FY2014 3Q Orders and Sales (Index Number)
FY2013 1Q – FY2014 3Q Orders and Sales (Consolidated Basis, Index Number) Total 120 110 103 104 102 101 101 101 101 100 A Average off FY2013 = 100 101 99 98 99 98 95 96 90 Sluggish in Smartphone Order Sales 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q 3Q FY2013 FY2014 4
Slide 5: Sales by Application: Smartphone / Mobile
FY2013 1Q-FY2014 3Q Sales by Application (Consolidated Basis, Index Number) Smartphone / Mobile 120 110 107 103 100 Average of FY2013 = 100 97 93 90 88 87 82 Chinese and Korean market stagnated 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q 3Q FY2013 FY2014 Sales 5
Slide 6: Sales by Application: Automotive
FY2013 1Q-FY2014 3Q Sales by Application (Consolidated Basis, Index Number) Automotive 120 110 108 107 106 104 102 100 Average of FY2013 = 100 Positive trend in overseas market 97 91 90 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2013 FY2014 Sales 6
Slide 7: Sales by Application: Associated Electric Equipment, FA Controlling Device, Others
FY2013 1Q-FY2014 3Q Sales by Application (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 120 Positive trend 112 110 107 108 104 100 99 100 Average of FY2013 = 100 96 90 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2013 FY2014 Sales 7
Slide 8: Business Results for 3Q FY2014
Business Results for 3Q FY2014 (unit: hundred m illions of Yen) ((A)FY2013 ) ((B)FY2014 ) ((B)-(A) )( ) ((B)/(A) )( ) Major j changes g over prior p same period p 1Q-3Q 1Q-3Q (unit: hundred millions of Yen) [Sales] 3.9 decrease Sales 942.3 938.4 -3.9 -0.4% Hirose Subsidiaries (COGS Ratio) (54.4%) (5
Slide 9: Quarterly Sales and Profits
Quarterly Sales and Profits (hundred millions of Yen) 500 40.0% 400 29.3% 29.9% 28.2% 27.7% 29.2% 28.5% 30.0% 25.0% 23.8% Sales 24.0% 23.8% 20.8% 320 326 315 308 310 314 297 20.0% 300 Recurring 242 249 231 237 Profit 10.0% 200 Recurring 0 0% 0.0% Profit Ratio 87 96 92 92 90 100 86 73 58 57 58 52 -10
Slide 10: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) M Mar 31 31, 2014 (B) D Dec 31 31, 2014 (B) - (A) R Remark k Increase in domestic and overseas Cash and 1,262.4 , 1,372.1 , 109.7 subsidiaries (Currency effect C h iin B Cash Bankk +35.8) Trade 294.7 304.6 9.9 Receivables Se
Slide 11: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31 31, 2014 (B) Dec 31 31, 2014 (B) - (A) Remark Notes Payable and Account 113.8 119.8 6.0 Increase due to production increase Payable I ncome Taxes Payable 78.4 41.6 -36.8 Tax payment Others 123.7 146.6 22.9 Increase in
Slide 12: Sales Changes by Application
Sales Changes by Application (round number) [Consolidated Basis] 16%down 11%up 8%up 16%up Smartphone General Automotive Tablet/ Digital ** Computer Office /Mobile Phone Industrial Notebook Consumer Related Machineryy PC Electronics Equipment Communication As this is in round number, please be noted
Slide 13: Sales by Application (round number)
Sales by Application (round number) [Consolidated Basis] (Others 20%) Smartphone/ Mobile General Smartphone/ (Others 22%) Phone 32% Industrial Mobile (FA Controlling 25% General FY2014 Equipment 2%) Ph Phone 38% (FA Controlling Industrial FY2013 (Associated Electric Equipment 3%) 29% Equipment 3%) 1
Slide 14: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 80 72 72 70 66 60 61 60 Overseas Sales Ratio 50 47 48 44 40 41 Overseas 30 32 Production Ratio 20 10 0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2014 3Q 14
Slide 15: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) Previous (hundred millions of Yen) 110 Previous ↓ 105 (%) ↓ 40.0 120 111 114 113 110 Capital 110 35.0 Investment 100 88 85 30.0 D Depreciation i ti 81 81 80 76 25.0 60 20.0 Capital 11.6 15.0 Investment 40 9.3 8.7 9.1 9.1 Ratio 10.0 Depr
Slide 16: Business Forecast for the Year Ending March 31, 2015
Business Forecast for the Year Ending March 31, 2015 (Consolidated) We revised the business forecast due to slow business in some Smartphone. Dividend per share is unchanged. note) figures in green italics : previously announced data on Oct 2014 (hundred m illions of Yen) FY2013 (FY ended Mar 31, 20