Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY ending March 2009 Earnings Presentation
14 slides from Oki Electric Industry's earnings presentation, Aug 14, 2008
Slide 1: Financial Results for the Q1 of FY ending March 31, 2009
Financial Results for the Q1 of FY ending March 31, 2009 August 14, 2008 Oki Electric Industry Co., Ltd. © Copyright 2008 Oki Electric Industry Co., Ltd. 1
Slide 2: Table of Contents
Table of Contents I. Financial results for the Q1, FY ending Mar. 09 1. Financial results outline 2. Segment information 3. Changing factors of operating income 4. Profit and loss 5. Balance sheets 6. Cash flows II. Projections for the fiscal year ending Mar.09 * The values of year-on-year compariso
Slide 3: Outline of Q1 Financial Results
Outline of Q1 Financial Results Net sales decreased to 125.3 B yen, a 13% decrease YoY as demand for privatization of Japan Post ran its course and semiconductors sales declined Net loss was 22.2 B yen due to the extraordinary loss caused by the change in inventory valuation standards, etc. (Billion
Slide 4: Segment Information: Info-telecom Systems
Segment Information: Info-telecom Systems Net sales: Decreased by 7.3B yen Net sales (Billion yen) 62.3 Financial market: 5.9 55.0 Sales increased for private financial institutions 5.6 Others with domestic bank branch terminals and ATMs in 13.5 Information China. However, sales for Japan Post decre
Slide 5: Segment Information: Semiconductors
Segment Information: Semiconductors (Billion yen) Net sales: Decreased by 6.8 B yen Net sales Logic: 31.0 Sales declined in driver LSIs* due to main LCD Foundry, panel manufacture’s shift to self-manufacturing, 5.2 24.2 others 0.4 and decline in demand for PHS* baseband LSIs Optical in China. 10.2 8
Slide 6: Segment Information: Printers
Segment Information: Printers (Billion yen) Net sales Net sales: Decreased by 2.2B yen 41.0 38.8 Color NIP*： Due to change in strategy to shift color NIP to Mono NIP, mid-and-high end models, printer hardware 18.7 16.8 SIDM, others shipments decreased and sales for consumables increased 22.3 22.0 Co
Slide 7: Changing Factors of Operating Income
Changing Factors of Operating Income Marginal profits decreased due to volume decline in Semiconductors and Info-telecom Systems Though reducing production, procurement and fixed costs had effect, total operating loss increased by 1.8 B yen YoY (Billion yen) Q1, FY Mar. 08 operating loss (4.7) Q1, F
Slide 8: Q1 Profit and Loss
Q1 Profit and Loss (Billion yen) Q1 Q1 [YoY comparison] FY Mar. 08 FY Mar. 09 Cost of sales ratio improved by 0.9 Net sales 143.5 125.3 points from 77.7% to 76.8% (Cost of sales ratio) （77.7％） （76.8％） Cost of sales 111.5 96.2 SG&A decreased by 1.1 B yen due to sales decline and continued SG&A 36.7 3
Slide 9: Q1 Balance Sheet: Assets
Q1 Balance Sheet: Assets Inventories decreased by 43.5 B yen YoY due to reduction efforts, and change of inventory valuation standards Total assets decreased by 67.2 B yen YoY through decrease in inventories and decline in investment securities (19.0 B yen) as current value declined (Billion yen) Va
Slide 10: Q1 Balance Sheet: Liabilities and shareholders' equity
Q1 Balance Sheet: Liabilities and shareholders’ equity Accounts payable decreased 16.3 B yen YoY through efforts in inventory reduction activities Shareholders’ equity declined by 30.2 B yen YoY, due to current period net loss and decrease in marketable securities valuation difference, etc. (Billion
Slide 11: Q1 Cash Flows
Q1 Cash Flows Free cash flows improved by 1.9 B yen YoY; While working capital improved by 19.0 B yen, mostly from decrease in inventories, net loss worsened by 12.7 B yen. Q1, FY Q1, FY Notes (Billion yen) Mar.08 Mar.09 I. Cash flows from operating activities 5.5 6.3 Income before income taxes <Cha
Slide 12: II. Projections for the fiscal year ending Mar. 09
I. Financial results for the Q1, FY ending Mar. 09 1. Financial results outline 2. Segment information 3. Changing factors of operating income 4. Profit and loss 5. Balance sheets 6. Cash flows II. Projections for the fiscal year ending Mar.09 © Copyright 2008 Oki Electric Industry Co., Ltd. 12
Slide 13: Revising the Projections for the Fiscal Year ending Mar.09
Revising the Projections for the Fiscal Year ending Mar.09 z Revised full year projections as the definitive agreement to transfer shares of its semiconductor subsidiary has been signed ¾ Revised 2H projections of net sales and operating income for semiconductor segment ¾ Improvement in “Other Incom
Slide 14: Priority Measures in 2H and current status
Priority Measures in 2H and current status z Priority measures in 2H ¾Invest to strengthen info-telecom and mechatronics (ATMs, printers, etc.) businesses ¾Review OKI Group’s operating structure 9 Review overall Group, including affiliated companies, to aim for a business structure leveraging OKI’s
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