Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2016 Earnings Presentation
16 slides from Hirose Electric's earnings presentation, Aug 1, 2016
Slide 1: Business Results for First Quarter, FY2016
Business Results for First Quarter, FY2016 Creative Links to World Electronic Aug 1st, 2016 Hirose El Hi Electric ti 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 FY2016
Business Situation of 1Q FY2016 [FY2015] • 1Q : Smartphone was steady in Chinese market but sluggish in Korean market. Automotive enjoyed a stable trend in overseas market. • 4Q : Decrease continued in Smartphone market, such as Chinese market etc. Industrial market was still in adjustment phase, bu
Slide 4: Orders and Sales, FY2015 1Q – FY2016 1Q
FY2015 1Q – FY2016 1Q Orders and Sales (Consolidated Basis, Index Number) Total 120 103 104 102 101 100 103 Average g of FY2015＝100 100 101 94 92 Order 92 Sales turned upward S l Sales i th in the llatter tt h halflf 80 1Q 2Q 3Q 4Q 1Q 1Q FY 2015 FY 2016 4
Slide 5: Sales by Markets: Smartphone / Mobile
FY2015 1Q – FY2016 1Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 105 103 99 100 Average of FY2015＝100 86 92 80 Monthly index Apr: 76, May: 81, Jun: 103 60 1Q 2Q 3Q 4Q 1Q 1Q FY 2015 FY 2016 S ales 5
Slide 6: Sales by Markets: Automotive
FY2015 1Q – FY2016 1Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 104 101 102 100 94 Average of FY2015＝100 FY2015 100 96 Stable trend 80 1Q 2Q 3Q 4Q 1Q 1Q FY 2015 FY 2016 S ales 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, and Others
FY2015 1Q – FY2016 1Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment Equipment, FA Controlling Device, and Others 120 106 102 100 Average of FY2015＝100 97 95 96 Sluggish May: index 83 Recovery trend in Jun: index 104 80 1Q 2Q 3Q 4Q 1Q 1Q FY 2015 FY 2016 Sales 7
Slide 8: Business Results for 1Q, FY2016
Business Results for 1Q, FY2016 (hundred m illions of Yen) Major c hanges ov er prior s ame period (A) FY2015 (A) FY2016 (B)-(A) (B)/(A) (unit : hundred millions of Y en) 1Q 1Q [Sales] 25.8 Yen decrease Subsidiary Sales 302.2 276.4 -25.8 -8.5% Hirose -17.7 -8.1 (COGS Ratio) （54.4％） （52.8％） （-1.6％） [
Slide 9: Quarterly Sales and Profits
Quarterly Sales and Profits (hundred millions of Yen) 500 40.0% 400 29.2% 28.5% 28.6% 27.7% 26.5% 30.0% 25.8% 26.1% 26.2% Sales 310 315 314 319 310 19.9% 302 307 300 283 20.0% 276 Recurring Profit 10.0% 200 Recurring 0 0% 0.0% Profit Ratio 86 92 90 89 100 82 79 82 72 56 -10.0% Main Change Factor (hu
Slide 10: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) A Account t (A) M Mar 31 31, 2016 (B) Jun J 30, 30 2016 (B) - (A) R Remark k Increase due to redemption of Cash and 1,647.5 1,684.9 37.4 government bond, etc. Cash in Bank Trade 273.4 269.9 -3.5 Decrease due to sales decrease Receivable
Slide 11: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31 31, 2016 (B) Jun 30 30, 2016 (B) - (A) Remark Not es P ay able and A c c ount P ay able 112.4 114.7 2.3 Income Taxes Payable 38.8 26.2 -12.6 Tax payment Others 156.4 162.3 5.9 Increase in other account payables, etc.
Slide 12: Sales Changes by Application
Sales Changes by Application (round number) [Consolidated Basis] 400 16%down 10%down FY2015 1Q 3%up FY2016 1Q 9%down 0 Smartphone General Automotive Tablet/ Digital Computer Office /Mobile Phone Industrial Notebook Consumer Related Machinery PC Electronics Equipment Communication *1 *2 ※１ ※２ As this
Slide 13: Sales by Application
Sales by Application (round number) (Consolidated Basis) Smartphone/ Mobile (Others 24%) Smartphone/ Phone 27% (Others 24%) Mobile General Phone 30% Industrial General (FA Controlling 32% FY2015 Industrial FY2016 31% Equipment 3%) (FA Controlling (Associated Electric Equipment 5%) 1Q Equipment 3%) (
Slide 14: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio ((%)) 72 72 73 71 70 66 60 Overseas 50 47 48 Sales Ratio 45 44 45 40 Overseas 30 Production 20 Ratio 10 0 FY2012 FY2013 FY2014 FY2016 1Q FY2015 FY2016.1Q 14
Slide 15: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) （hundred millions of Yen） (%) 140 140 118 118 40.0 120 114 111 Capital 110 110 Investment 100 30.0 Depreciation 81 80 Capital 60 20.0 Investment 14 5 14.5 Ratio 12.5 40 40 9.4 9.8 Depreciation 9.1 Ratio 10.0 20 16 8.8 8.7 9.2 7.2 5.8 0
Slide 16: Business Forecast for the Year Ending March 31, 2017
Business Forecast for the Year Ending March 31, 2017 (Consolidated) We revised the currencyy rate on and after 2Q to 1US$=105Yen ((from 108Yen),), 1€=115Yen (from 120Yen), 100Won=9.20Yen (from 9.30Yen). However, due to estimated sales increase in Chines smartphone market etc., we will hold the forec