Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2010 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Aug 6, 2010
Slide 1: Business Results for First Quarter, FY2010
Business Results for First Quarter, FY2010 Creative Links to World Electronic Aug 6th 2010 Hirose Electric 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 1Q FY2010
Business Situation of 1Q FY2010 [Business Situation of FY2009] • On 1Q, orders for domestic digital consumer electronic and automotive have increased steadily • On 2Q, mobile sales have increased steadily. Digital consumer electronics and automotive are basically recovering, and automotive especiall
Slide 4: FY2010 Orders and Sales Changes (Domestic Consolidation Basis, Index Number)
FY2010 Orders and Sales Changes (Domestic Consolidation Basis, Index Number) 130 120 120 115 114 118 111 110 102 113 112 101 108 100 Average of FY2009 = 100 98 97 90 Order 80 Sales 70 Jan Feb Mar Apr May Jun 2010 4
Slide 5: Orders and Sales Changes by Markets: Mobile
FY2010 Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Mobile 携帯 140 120 118 120 109 97 98 113 96 112 100 Average of FY2009 = 100 102 91 95 80 88 60 40 Jan Feb Mar Apr May Jun 2010 Order Sales 5
Slide 6: Orders and Sales Changes by Markets: Digital Consumer Electronic
FY2010 Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Digital Consumer Electronic 110 100 Average of FY2009 = 100 89 86 90 80 79 80 74 73 79 70 75 72 72 70 60 66 50 Jan Feb Mar Apr May Jun 2010 Order Sales 6
Slide 7: Orders and Sales Changes by Markets: Automotive
FY2010 Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Automotive 160 140 140 129 122 120 115 115 128 105 106 114 100 Average of FY2009 104 105 = 100 105 80 60 Jan Feb Mar Apr May Jun 2010 Order Sales 7
Slide 8: Orders and Sales Changes by Markets: Industrial Equipment and Others
FY2010 Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 一般産機 160 146 144 142 140 133 124 125 142 145 132 130 120 122 118 100 Average of FY2009 = 100 80 60 Jan Feb Mar Apr May Jun 2010 Order Sales 8
Slide 9: Business Results for First Quarter, FY2010
Business Results for First Quarter, FY2010 (hundred millions of Yen) Major Changes over prior same (A)FY2009 (B)FY2010 (B)-(A) (B)/(A) period 1Q 1Q (unit: hundred millions of Yen) [Sales] 54.0 increase Foreign Hirose Subsidiaries HST Sales 180.0 234.0 54.0 30.0% +49.8 +1.8 +2.4 (COGS Ratio) (59.1%)
Slide 10: Sales and Profits by Quarter
Sales and Profits by Quarter (hundred millions of Yen) 500 50% 40% 400 28.8% 28.8% 29.1% 30.5% 27.8% 30% 24.9% Sales 289.2 300 261.2 21.8% 20.1% 20% 221.8 221.7 234.0 221.2 Recurring 203.3 2.4% 180.0 10% Profit 200 145.0 0% Recurring 75.2 88.3 Profit Ratio 100 63.9 68.1 61.5 55.2 40.8 39.3 -10% 3.5
Slide 11: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2010 (B)Jun 30, 2010 (B)-(A) Remark Cash and Cash in Bank 1,095.7 1,086.0 -9.7 Dividend and Tax payment, and Foreign currency translation difference Increase in Sales(FY2009 4Q 221.7-->FY2010 1Q Trade Receivables 240.
Slide 12: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2010 (B)Jun 30, 2010 (B)-(A) Remark Notes Payable and Accounts 120.1 133.3 13.2 Purchase increase due to production increase Payable Income Taxes Payable, etc 48.9 29.0 -19.9 Tax payment Others 55.9 65.2 9.3 Increase
Slide 13: Cash Flow
Cash Flow (hundred millions of Yen) (A)FY2009 1Q (B)FY2010 1Q Main Changes Cash Flows from 61.1 46.7 Pre-tax Net Income 69.7 Operating Activities Depreciation 13.6 Accounts Payable increase 15.5 Corporation tax -47.2 Refund of Time Deposit Cash Flows from -62.0 4.1 over 3 months period 30.0 Investin
Slide 14: Sales Ratio (in round numbers)
Sales Ratio (in round numbers) Office FA Controlling Machinery Equipment 1% 3% Mobile Wireless Associated Others Phone Communication3 Others Electric 25% 31% % 19% Mobile Phone 36% Equipment 3% Office Machinery FY2010 3% FY2009 FA 1Q Controlling Automotive Associated Electric 1Q Equipment 10% Equipm
Slide 15: Sales Changes by Markets (in round numbers)
Sales Changes by Markets (in round numbers) 12%up FY2009 1Q FY2010 1Q 72%up 27%down Mobile Automotive Computer Wireless FA Controlling Office Phone Related Communication Equipment Machinery Digital Equipment *2 Associated Notebook Electronic Consumer *1 Cable PC Electronics Communication Equipment P
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 59 59 60 56 52 50 47 Overseas Sales Ratio 40 36 32 30 30 34 Overseas 30 Production 20 Ratio 10 0 FY2006 FY2007 FY2008 FY2009 FY20101Q FY2010 1Q 16
Slide 17: Capital Investment and Depreciation Changes (Domestic Consolidated Basis)
Capital Investment and Depreciation Changes (Domestic Consolidated Basis) (hundred millions of Yen) 100 40.0 (%) 92 90 89 90 35.0 80 Capital 80 Investment 30.0 70 66 66 66 25.0 Depreciation 60 50 44 20.0 Capital 40 15.0 Investment 10.0 Ratio 30 8.5 7.8 7.8 10.0 5.8 Depreciation 20 Ratio 14 7.5 7.3 7
Slide 18: Business Forecast of the Year Ended March 31, 2011
Business Forecast of the Year Ended March 31, 2011 note) First Half - 1Q & 2Q, Second Half - 3Q & 4Q (hundred millions of Yen) First Half 下期 下期Half Second For the 年間Year FY2009 (Actual) FY2010 (Forecast) Over the previous Actual Amount Over the previous Actual Amount Over the previous Actual Amount