Smk Corporation · TSE:6798

Smk — H1 FY2005 Earnings Presentation

21 slides from Smk's earnings presentation, Oct 27, 2005

  1. Slide 1: SMK Consolidated Performance Highlights

    P-1/11 SMK Consolidated Performance Highlights <From 2005/4 Through 2005/9> 27 Oct.’05 At Tokyo Stock Exchange Hall,Japan

  2. Slide 2: Net Sales (Consolidated)

    Net Sales (Consolidated) P-2/11 +1,588(+4.8%) Unit:Million Yen +1,797(+5.4%) 40,000 34,897 33,309 33,129 33,100 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 FY2004 1H FY2004 2H FY2005 1H Plan FY2005 1H Actual

  3. Slide 3: Operating Income, Ordinary Income, Net Income (Consolidated)

    P-3/11 Operating Income,Ordinary Income,Net Income(Consolidated) Unit:Million Yen 3,500 3,236 2,945 3,000 2,800 2,590 2,500 2,400 2,349 2,000 1,783 1,839 1,729 1,700 1,544 1,500 1,298 1,000 500 0 FY2004 1H FY2004 2H FY2005 1H Plan FY2005 1H Actual Operating Income Ordinary Income Net Income

  4. Slide 4: Projection for Full Year Term (consolidated)

    Projection for Full Year Term(consolidated) P-4/11 Sales; Net Sales,Operating Income,Ordinary Income,Net Income Income; Unit:Million Yen 80,000 +1,200 Unit:Million Yen 8,000 +1.8% 67,800 69,000 70,000 66,438 7,000 60,000 6,000 5,300 4,965 4,900 50,000 5,000 4,300 4,400 4,134 40,000 4,000 3,400 3,081

  5. Slide 5: Net Sales by Market

    Net Sales by Market P-5/11 Unit:Million Yen 40,000 +4.8% 34,897 33,309 33,129 Year on Year 35,000 711 715 750 2,198 1,959 2,375 +12.2% 30,000 5,869 6,776 6,633 -13.4% 25,000 20,000 8,764 11,059 10,530 +26.2% 15,000 3,129 3,483 2,892 +11.3% 10,000 11,964 -3.2% 11,575 5,000 9,949 0 FY2004 1H FY2004 2H

  6. Slide 6: Net Sales by Product Division (Consolidated)

    P-6/11 Net Sales by Product Division (Consolidated) Unit:Million Yen 40,000 34,897 34,103 35,000 33,309 33,129 2,643 2,473 2,440 2,169 30,000 25,000 16,132 14,957 15,425 15,546 20,000 15,000 10,000 15,911 15,536 16,122 16,084 5,000 0 FY2004 1H FY2004 2H FY2005 1H FY2005 2H FCT CS FC TP

  7. Slide 7: Operating Income by Product Division (Consolidated)

    Operating Income by Product Division(Consolidated) P-7/11 Unit:Million Yen 3,500 3,000 2,590 2,400 2,349 2,500 715 794 661 2,000 1,544 1,500 1,000 2,151 1,749 1817 1908 500 0 -21 -184 -276 -211 -220 -500 FY2004 1H FY2004 2H FY2005 1H Plan FY2005 1H Actual CS FC TP

  8. Slide 8: Distribution Ratio of Sales by Market

    P-8/11 Distribution Ratio of Sales by Market Market FY2004 FY2005 FCT Audio-Visual Car Electronics Telecommunication PC Office Equipment Home Appliance

  9. Slide 9: Booking by Market (Consolidated)

    P-9/11 Booking by Market(Consolidated) Unit:Million Yen 12,000 11,969 11,747Audio-Visual Telecommunication 10,753 11,744 10,020 9,844 10,000 9,772 9,197 9,096 8,000 7,398 6,692 6,833 7,191 6,000 6,582 Information 5,765 4,000 3,123 3,017 3,296 Car Electronics 2,971 2,939 3,020 2,157 2,428 Electronic

  10. Slide 10: Objectives for FY2005 2H

    Objectives for FY2005 2H P-10/11 1.Three major challenges Enhancement of SMK Brand Power Promotion of TN(Trans National)wide activities in order to achieve ZD(Zero Defect) Another challenge in product creation 2.Moving non-profitable sections into the black 3.Approaches to mid-Term business goals RO

  11. Slide 11: Topics

    P-11/11 Topics 1.ISO14001 Certification Sept.’05 Acquired at Head Quarter,Japan. SMK has acquired at all of its manufacturing works in Japan and other countries. 2.CSR Related matters *Environmental compliance (RoHS Directive:Enforcement scheduled for July 2006) *Response to norm for “suppliers’ Cod

  12. Slide 12: FY2005 1st Consolidated Statements Outline

    AC-1/8 FY2005 1st. Consolidated-Statements Outline April 2005 September 2005 1.1st Half Summary 2-1.Operating Cost -2.Analysis of Operating Cost 3.Non-Operating Income & Expenses 4.Other Income & Expenses 5.Financial Position 6.Cash Flow Position

  13. Slide 13: 1st Half Summary

    Net Sales AC-2/8 1st. Half Summary Unit:Millions of yen 40,000 34,897 33,309 29,808 30,000 20,000 10,000 0 FY2003 FY2004 FY2005 1st. half 1st. half 1st. half Operating Income Ordinary Income Net Income 4,000 3,236 2,945 3,000 2,590 2,349 1,783 1,839 2,000 1,003 944 1,000 526 0 FY2003 FY2004 FY2005 F

  14. Slide 14: Operating Cost

    2-1. Operating Cost AC-3/8 Unit:Millions of yen FY2004 FY2005 1st. half 1st. half 30,719 32,548 (92.2%) (93.3%) 30,000 Material Costs 20,000 51.4% 53.6% Sub Contractor costs Labor Costs 9.4% 8.4% Expenses 10,000 Depreciation 17.7% 18.0% 9.7% 9.1% 0 4.1% 4.1% Operating Income 2,590 2,349

  15. Slide 15: Analysis of operating cost

    2-2. Analysis of operating cost AC-4/8 Unit:Millions of yen FY2005 1st half Increase/decrease in profit analysis Comparison of consolidated Operating cost in 2 fiscal term;FY04/FY05 Sales increase Expenses decrease Net Total 241 Material cost increase Decreasing factor Labor cost increase Depreciati

  16. Slide 16: Non-Operating Income & Expenses

    3. Non-Operating Income & Expenses AC-5/8 Unit:Millions of yen FY2004 FY2005 1st. half 1st. half 646 596 (1.9%) (1.7%) 700 Rent Income & expenditure 259 to fixed assets 500 311 Others 91 Financial income & expenses 300 338 328 Exchange gain & loss 100 42 41 2 -100 Ordinary Income 3,236 2,945

  17. Slide 17: Other Income & Expenses

    4. Other Income & Expenses AC-6/8 Unit:Millions of yen FY2004 FY2005 1st. half 1st. half 588 62 Gain on sales of fixed 17 assets 3 12 Bad debt deduction 94 2 9 Other income 97 Loss on disposal of 156 fixed assets 3 Provision for directors’ 291 retirement benefits Amortization of the new 236 standard

  18. Slide 18: Financial Position

    5.Financial Position AC-7/8 Unit:Millions of yen Inc/Dec Assets Cash and Cash equivalents Accounts Receivable Inventories Fixed Assets Liabilities Accounts Payable Interest-bearing debts Stockholders’ Equity Common Stock Return on Equity

  19. Slide 19: Cash Flow Position

    6.Cash Flow Position AC-8/8 Unit:Millions of yen FY2004 FY2005 1st. half 1st. half Cash balance 04/3 7,791 Cash balance 05/3 7,314 Operating activities Operating activities Investing activities 771 Investing activities 964 Financing activities Financing activities Exchange rate Exchange rate changes

  20. Slide 20: Operating Cost (Supplementary Document) I

    Operating Cost(Supplementary Document)I Unit:Millions of yen FY2005 FY2005 April-June July-August 15,096 17,452 (92.4%) (94.1%) 20,000 Material Costs Sub Contractor costs 10,000 51.1% 55.9% Labor Costs Expenses 9.4% 7.5% Depreciation 18.7% 17.4% 9.1% 9.1% 0 4.1% 4.2% Operating Income 1,246 1,103

  21. Slide 21: Operating Cost (Supplementary Document) II

    Operating Cost(Supplementary Document)II Unit:Millions of yen FY2005 1st half Increase/decrease in profit analysis Comparison of consolidated Operating cost in 2 fiscal term;FY05 1Q/FY05 2Q Sales increase Material cost increase Net Total 143 Labor cost increase Decreasing factor Expenses increase De

SMK — H1 FY2005 Earnings Presentation on 6ix