Sodick Co., Ltd. · TSE:6143
Sodick — Q3 FY2017/3 Earnings Presentation
21 slides from Sodick's earnings presentation, Feb 10, 2017
Slide 1: Third Quarter Results Briefing
TSE 1st Section, 6143 Create Your Future Fiscal Year Ending March 31, 2017 Third Quarter Results Briefing February 10, 2017
Slide 2: Contents
Contents Key Points 3 I. 3Q FY17/3 Financial Results Summary 4 II. FY17/3 Financial Results Projections 14 (Reference Materials) 18 2
Slide 3: Key Points
Key Points 3Q FY17/3 Financial Results Summary Net sales fell 9.3% year on year to 44,294 million yen and operating income shrank 27.7% year on year to 3,346 million yen for various reasons including weak first quarter earnings and stronger yen compared to the previous year. As for income, the gross
Slide 4: I. 3Q FY17/3 Financial Results Summary
I. 3Q FY17/3 Financial Results Summary
Slide 5: Financial Results Highlights
Financial Results Highlights Net sales fell for various reasons including the stronger yen compared to 3Q FY16/3. (Reference: impact of changes in exchange rates, approximately -3,600 million yen) As for income, the gross profit margin improved on account of greater production efficiency and a decli
Slide 6: Net Sales and Operating Income Margin (Quarterly)
Net Sales and Operating Income Margin (Quarterly) During the third quarter FY17/3, net sales fell for various reasons including a stronger yen than that in third quarter of the previous fiscal year. This was despite the fact that net sales volume of both machine tools and industrial machinery rose y
Slide 7: Operating Results by Segment
Operating Results by Segment (million yen) Machine tool segment In Japan, earning remained flat for various reasons including customers waiting for the 3Q FY16/3 3Q FY17/3 Year-on-year change introduction of subsidies although some in the automobile industry made purchases. Actual Actual (amount) (p
Slide 8: Net Sales by Segment
Net Sales by Segment Maintenance services and supplies, a stable source of cash, accounted for about 20% of net sales. Machine tool segment Industrial machinery segment Food processing machinery segment Maintenance service and supplies Maintenance service and supplies Maintenance service and supplie
Slide 9: Overseas Sales Ratio by Segment
Overseas Sales Ratio by Segment Sodick has been developing global operations with an overseas sales ratio of 62.5%. (million yen) North and South Japan Europe Greater China Asia America 18,000 16,000 Machine tools 14,000 Industrial 12,000 machinery 10,000 Food processing 8,000 machinery 6,000 Other
Slide 10: Balance Sheet
Balance Sheet Interest-bearing debt and cash and deposits rose dramatically because Sodick raised 8,000 million yen by issuing bonds with subscription rights to shares (of the 8,000 million yen, approximately 3,000 million yen was allocated to treasury stock buybacks, and the remainder was allocated
Slide 11: 3Q FY17/3 Topics (New Products)
3Q FY17/3 Topics (New Products) 1 Sales of AG40LP, a high-speed, high-performance die-sinker EDM machine with linear motor drive, launched Of the die-sinker EDM AG series, the AG40LP was developed to provide even greater precision processing, and the model was exhibited at JIMTOF held in November 20
Slide 12: 3Q FY17/3 Topics (Awards)
Noodle dough mixer 3Q FY17/3 Topics (Awards) Food equipment: Noodle dough mixer’s airlock vacuum chamber awarded 3 the 2016 'CHO' MONODZUKURI Innovative Parts and Components Award for machine parts by Monozukuri Nippon Conference and Nikkan Kogyo Shimbun. The chamber was developed to limit the amoun
Slide 13: 3Q FY17/3 Topics (Exhibitions)
3Q FY17/3 Topics (Exhibitions) 5 Exhibiting at DMP2016 (18th Dongguan International Mold and Metalworking Exhibition) DMP is the largest trade show in southern Greater China, a cluster of electronics parts manufacturers. At its booth, the Company showed its high-precision machining, a strength of So
Slide 14: II. FY17/3 Financial Results Projections
II. FY17/3 Financial Results Projections
Slide 15: Market Environment
Market Environment Japan Demand is projected to remain firm on account of government subsidies and demand due to the replacement of aging equipment. North Although demand due to capital investments in the automotive, aerospace, and medical device industries is expected America to be firm and strong,
Slide 16: FY17/3 Financial Results Projections
FY17/3 Financial Results Projections Financial results projections for the full fiscal year were left unchanged because of firm orders. As of the end of 3Q FY17/3, although little progress toward achieving projections has been made, recent orders have been stronger than forecast, and profitability i
Slide 17: FY17/3 Financial Results Projections by Segment
FY17/3 Financial Results Projections by Segment (million yen) Machine tool segment 3Q FY16/3 3Q FY17/3 FY17/3 Year-on-year change Progress toward In Japan, earnings are expected to Projection remain flat as companies wait for Actual Actual (amount) (percent) projection subsidies. Demand due to capit
Slide 18: (Reference Materials)
Sodick (Reference Materials) Pn
Slide 19: Domestic and Overseas Sites
Domestic and Overseas Sites Sodick America Corporation Sodick Inc. Shanghai Sodick Miyazaki Plant Kaga Plant (San Jose) (Chicago) Software Co. Ltd. Head Office and Research and Technology Center Sodick Europe Ltd. (U.K.) Fukui Plant Sodick Deutschland GmbH Tokyo Showroom (Germany) Sodick (Thailand)
Slide 20: Participation In Major Exhibitions
Participation In Major Exhibitions The Company will participate in domestic and overseas exhibitions and actively develop sales activities. Dates Location Exhibition Notes Metalex Vietnam (Vietnam’s International Machine Took and Metalworking Oct. 6–8 Vietnam Ho Chi Minh City Solutions Expo) One of
Slide 21: Disclaimer
Disclaimer This presentation material has been prepared exclusively for the purpose of providing information, the material was not created to advertise, solicit, market, etc., specific products or shares of the Company. This information included in this material is not required by the Financial Inst