Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2017 Earnings Presentation
20 slides from Hirose Electric's earnings presentation, Jan 31, 2018
Slide 1: Business Results for Third Quarter, FY2017
For Third Quarter, FY 2017 Business Results ‐ CONNECTING THE FUTURE ‐ 31st January, 2018 Hirose Electric Co., Ltd.〔6806〕
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 Third Quarter FY2017 (Apr-Dec)
Business Situation of Third Quarter FY2017 (Apr‐Dec) Order 987.7 hundred million yen （ YoY +12.9%） FY2017 3Q Sales 946.6 hundred million yen Results settled on （YoY +10.7%） (Apr – Dec) Recuring Profit 235.1 hundred million yen ※Profit Ratio 24.8％ （YoY +4.0%） Smartphone Smartphone market sales had sl
Slide 4: FY2016 1Q – FY2017 3Q Orders and Sales (Index Number)
FY2016 1Q – FY2017 3Q Orders and Sales (Consolidated Basis, Index Number) Total 120 120 Order Sales 114 111 113 107 104 103 103 Average100 of 99 102 FY2016 = 100 100 97 98 96 Mainly due to the good sales in Industrial market, the total sales has been growing well. 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2016 FY20
Slide 5: Sales by Markets: Smartphone / Mobile
FY2016 1Q – FY2017 3Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 119 120 115 116 Average of FY2016100 =100 96 96 92 93 80 Slightly decreased because of the less demand for Chinese and Korean market, but the sales continued at a high level. Sales 60 1Q 2Q 3Q 4Q 1Q 2Q 3Q F
Slide 6: Sales by Markets: Automotive
FY2016 1Q – FY2017 3Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 110 106 103 Average 100of FY2016 = 100 99 98 98 97 Steadily growing up Sales 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2016 FY2016 FY2017 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, Others
FY2016 1Q – FY2017 3Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 126 123 123 120 Kept high level and slightly increased due to 106 the good trend in FA, etc. 101 Average of 2016 =100 100 95 99 Sales 80 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2
Slide 8: Business Results for Third Quarter, FY2017
Business Results for Third Quarter, FY2017 Hundred millions of yen FY2016 FY2017 Increase / Increase / 3Q 3Q Decrease Decrease Ratio Sales 855.0 946.6 91.6 10.7% COGS Ratio 53.2% 53.1% ‐0.1% SGA Ratio 21.9% 22.8% +0.9% Operating Profit 212.9 227.6 14.7 7.0% （％） 24.9% 24.0% ‐0.9% Recurring Profit 226
Slide 9: Major Changes over prior same period for 3Q, FY2017
Major Changes over prior same period for 3Q, FY2017 Unit：hundred milions of Yen ■ Sales 91.6 Increase （855.0 → 946.6） Hirose ： + 86.6 Subsidiaries ： + 5.0 ■ COGS Ratio 0.1 point Increase （53.2% → 53.1%） Purchase Cost Ratio ： 38.9％ → 37.9％ 電子応用 Depreciation Ratio ： 4.8％ → 5.6％ Labor Cost Ratio ： 5.5％
Slide 10: Currency Effect for 3Q, FY2017
Currency Effect for 3Q, FY2017 FY2016 FY2017 3Q 3Q Currency rate：US$ 106.63 Yen 111.70 Yen Currency rate：€ 118.02 Yen 128.53 Yen Currency rate：100won 9.30 Yen 9.97 Yen Unit：hundred millions of Yen YoY Currency effect amount Sales +39.5 Operating Profit +18.0 Recurring Profit +12.6 10
Slide 11: Quarterly Sales and Profits
Quarterly Sales and Profits Sales Recurring Profit Recurring Profit Ratio Get worse because of the increase in (Hundred millions of Yen) depreciation, labor cost and 500.0 appropriation of foreign exchange loss （%） 29.2% 28.6% 30.0% 26.5% 26.2% 25.7% 23.7% 400.0 26.1% 24.1% 24.3% 25.1% 20.0% 19.9% 3
Slide 12: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2017 Dec 31, 2017 Decrease Remark Slightly increased by offsetting Cash and Cash in dividend payout (125.4 hundred millions of Bank 1,852.5 1,860.6 8.1 yen) with government bond A redemption. 284.9 315.0 S
Slide 13: Shareholder's Equity
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2017 Dec 31, 2017 Decrease Remark Liabilities Notes Payable and Account Payable 113.9 135.5 21.6 Increase in domestic factories Income Taxes Payable 37.6 30.6 ‐7.0 Interim Payment Others 152.5 185.0 32.5 In
Slide 14: Sales Changes by Application
Sales Changes by Application (round number) 【Consolidated Basis】 350 26％ UP FY2016.3Q 300 FY2017.3Q 8％ UP 250 200 6％ UP 150 100 16％ UP 6％ UP 50 0 General Industrial Smartphone/Mobile Phone Automotive Digital Consumer Tablet/Notebook PC Communication Computer Related Office Machinery General Smartpho
Slide 15: Sales by Application
Sales by Application (round number) (Consolidated Basis) Others FA Controlling FA Controlling Equipment 27％ Equipment Others 23％ General 26％ Industrial General Industrial 28％ 35％ 30％ FY2016 FY2017 3％ 3Q 3Q 4％ 4％ 3％ Associated 3％ 4％ 18％ Electric Equipment 2％ ※1 19％ Associated 2％ 3％ 6％ Electric 2％ 6％
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 80 72 72 73 71 71 70 60 50 48 45 44 45 44 40 30 20 Overseas Sales Ratio 10 Overseas Production Ratio 0 FY2013 FY2014 FY2015 FY2016 FY2017.3Q 16
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) (hundred millions of Yen) （％） 180 Capital Investment Depreciation 170 40.0 Capital Investment Ratio Depreciation Ratio 160 140 132 30.0 118 118 120 110 111 110 113.1 100 20.0 77 80 72.4 13.5 60 11.5 11.9 9.4 9.8 10.0 40 8.7 9.2 8.7 20 6
Slide 18: Business Forecast for the Year Ending March 31, 2018
Business Forecast for the Year Ending March 31,2018 (Consolidated) After Jan,2018 Currency Rate There is no change from previous figures （October, 2017） 1$ = 110 yen Unit：hundred millions of Yen 1€ = 130 yen FY2017(FY ended Mar 31, 2018) First Half For the Year FY2016(FY ended Mar 31, 2017) 100won =
Slide 19: Notice: Allotment of Shares without Contribution and Treasury Stock Policy
Notice (Outline of the press information announced on Jan 30, 2018) 1. About the Allotment of Share without Contribution Purpose ： To enhance shareholder return and increase share liquidity. Outline ： Hirose’s treasury stock (about 1.7 million shares) will be allotted without contribution with the r
Slide 20: Connecting the Future
CONNECTING THE FUTURE anniversary since1937 B ecoming a corporate group that contributes to realize an affluent society... By connecting wisdom and producing high value-added products. Corporate Website : https://www.-hirose.com/jp/ InvestorRelations : https://www-hirose.com/jp/ir/