Slide 1: Sumida Corporation Performance Briefings FY2019 Q3
SUMIDA CORPORATION Performance Briefings <for FY2019 Q3 ending September 30, 2019> October 31, 2019
Slide 2: Today's Speakers
Today’s Speakers Representative Executive Officer & President Tomoharu Suseki Representative Executive Officer & CFO Yoshiyuki Honda Copyright© 2018 SUMIDA CORPORATION. All rights reserved. 2
Slide 3: Today's Program
Today’s Program 1. FY2019 Q3 Consolidated Financial Results ＣＦＯ Yoshiyuki Honda 2. FY2019 Q3 Performance Results & Management Policies President Tomoharu Suseki 3. Q&A Session Copyright© 2018 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: FY2019 Q3 Performance Results & Management Policies
FY2019 Q3 Performance Results & Management Policies Tomoharu Suseki President Copyright© 2019 SUMIDA CORPORATION. All rights reserved. 4
Slide 5: Sales by Quarter
Sales by Quarter （100 million yen） （- 6.4%） 256.8 253.1 Q3 sales improved from previous 240.4 232.0 231.7 two quarters, but was lower by 6.4% than the last year that was the best-ever quarterly sales. There were impacts from not only forex but also weak sales in 120 3Q 4Q 1Q 2Q 3Q core automotive-re
Slide 6: Sales by Market 2019 Q3 vs. 2018 Q3
Sales by Market 2019 Q3 vs. 2018 Q3 （100 million yen） Automotive 2019 Q3 Automotive sales - 14.4% 163.0 139.5 negatively grew from last year by a large amount. Similarly to the 1st half of 2019, Q3 sales in Europe were weak, and were even slightly lower than Q2. 2018 3Q 2019 3Q Industry Industry sal
Slide 7: Sales by Region 2019 Q3 vs. 2018 Q3
Sales by Region 2019 Q3 vs. 2018 Q3 （100 million yen） Asia (excl. China/Taiwan) China/Taiwan Sales in Asia (excl. China/Taiwan) were roughly - 1.7% 60.2 - 8.2% at the same level as last 50.8 49.9 55.3 year. Those in China/Taiwan did not grow, even including smart 2018 3Q 2019 3Q 2018 3Q 2019 3Q phon
Slide 8: Operating Income 2019 Q3 vs 2018 Q3
Operating Income 2019 Q3 vs 2018 Q3 （100 million yen） Vs. last year （- 44.2%） 20.9 Operating income significantly dropped from last year due to a 11.6 decrease in sales and changes in the sales (products) mix. 3Q 3Q Q3 operating income improved 2018 2019 from the 1st half of 2019 due to Sales increa
Slide 9: Situation in Automotive Market
Situation in Automotive Market （100 million yen） Sales in Automotive Markets Q3 sales slightly decreased from 180 Q2 partly impacted by forex. 163.0 Automotive-related sales in Europe 152.9 continued to be weak, affecting 141.4 139.5 sales of overall existing products. 130 EV-related sales went stro
Slide 10: Situation in Consumer Electronics Markets
Situation in Consumer Electronics Markets （100 million yen） Sales in Consumer Electronics Markets Q3 sales largely grew. The factors include the expansion of smart phone-related sales as well as the 58.4 start of our new products adopted 50 46.7 47.8 in this field. 42.7 Production of these new produ
Slide 11: Future Outlook
Future Outlook Fundamentals, upside potential and downside risks over a relatively Upside potential short time period Expansion of mild hybrid Fundamentals cars 5G U.S.-China trade frictions Preparing for Chinese New Weak car sales in Europe Year holidays If these fundamentals get better significant
Slide 12: FY2019 Q3 Consolidated Financial Results
FY2019 Q3 Consolidated Financial Results Yoshiyuki Honda CFO Copyright© 2018 SUMIDA CORPORATION. All rights reserved. 12
Slide 13: Consolidated Quarterly Income Statement
Consolidated Quarterly Income Statement （Million yen） 18.3Q 19.2Q 19.3Q Change % Change % （A） （B) （C） （C)/(A) （C）/(B) S a l e s 25,682 23,172 24,040 △6.4％ 3.7％ Gross Income 4,365 2,838 3,521 GI % 17.0% 12.3% 14.6% Op erat i ng I nc o m e 2,085 524 1,163 △44.2％ 121.9％ OI % 8.1% 2.3% 4.8% Financial In
Slide 14: Operating Income Analysis 2018 3Q → 2019 3Q
Operating Income Analysis 2018 3Q → 2019 3Q （Million yen） R&D Expenses DOWN Productivity 142 Costs UP DOWN 190 2018 Q3 Operating 221 Income 2,085 Sales Down & Unfavorable Sales Mix △495 Productivity UP 2019 Q3 △461 China Wages Operating UP Income Expenses FOREX △232 UP 1,163 Impact Others △86 △46 △1
Slide 15: Operating Income Analysis 2019 2Q → 2019 3Q
Operating Income Analysis 2019 2Q → 2019 3Q （Million yen） 2019 3Q R＆D Expense Operating Capacity FOREX DOWN Income Utilization Impact 27 1,163 UP 56 109 China Wages Others Costs DOWN △６ DOWN △8 211 Productivity UP 250 2019 2Q Operating Income 524 Profitability gradually improving due to Productivity
Slide 16: Consolidated Income Statement
Consolidated Income Statement （Million yen） 2018 2019 Change % Jan 1 - Sep 30 Jan 1 - Sep 30 （B)/(A) （A） （B) S a l e s 72,223 70,412 △2.5％ G r o s s I n c o m e 11,218 9,449 GI % 15.5% 13.4% Operating Income 3,823 2,288 △40.2％ OI % 5.3% 3.2% Financial Income △976 △976 /Expenses(Net) Income before Ta
Slide 17: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow （Million yen） 2018 2019 Change Jan 1 – Sep 30 Jan 1 – Sep 30 Cash Flow from Operating Activities 4,006 6,321 2,314 Income before Taxes 2,846 1,311 △1,535 Depreciation & Amortization 2,924 3,910 986 Net Working Capital △1,852 1,055 2,908 Others 87 42 △45 Cash Flow
Slide 18: Revision of Full year Forecast of FY2019
Revision of Full year Forecast of FY2019 （Million yen） I n c o m e Operating I n c o m e Attributable to S a l e s I n c o m e b e f o r e Owners of E P S ( y e n ） T a x e s P a r e n t Previous Forecast（Ａ） 92,000 2,200 900 500 18.43 （July 31, 2019） Revised Forecast （Ｂ） 92,000 3,100 1,800 1,000 36.
Slide 19: Revision of Full Year Forecast of FY2019 (Operating Income)
Revision of Full Year Forecast of FY2019 (Operating Income) （Million yen） Operating Income Forecast 2,200 (announced on July 31) Impact by Foreign exchange rates 60 Costs & Expenses reductions at 143 subsidiaries in EU Reduction of workers at EU factories 202 Productivity improvement in Asia 211 Red
Slide 20: Thank you!
Thank you! Copyright© 2019 SUMIDA CORPORATION. All rights reserved. 20
Slide 21: Disclaimer Regarding Forward Looking Statements
Disclaimer Regarding Forward Looking Statements Sumida Corporation (referred to as "Sumida") makes this document available for informational purposes only. This document contains certain “forward-looking statements” which reflect management’s current views and the assumptions made with respect to sp