Hosokawa Micron Corporation · TSE:6277
Hosokawa Micron — FY2015 Earnings Presentation
24 slides from Hosokawa Micron's earnings presentation, Dec 2, 2015
Slide 1: Financial Results FY2015
Hosokawa Micron Group Financial Results FY2015 （at the Securities Analysts Association of Japan） Dec. 2nd 2015 President : Yoshio Hosokawa http://www.hosokawamicron.co.jp/en/
Slide 2: Financial Results (consolidated)
１ Financial Results (consolidated) FY2015 (consolidated) (million yen) FY2014 FY2015 % of actual per sales actual per sales plan pre. year Booking 48,066 50,204 104.4% Backlog 15,297 17,539 114.7% Sales 48,516 47,342 46,500 97.6% Ope. Profit 3,369 6.9% 2,450 5.2% 2,400 72.7% PTI 3,416 7.0% 2,646 5.6
Slide 3: Financial Results (consolidated): sales and margin ratios
２ Financial Results (consolidated) Sales(1stH) Sales(2ndH） GPR SGA Ratio Ope. Profit Ratio 40% 36.7% 800 35.9% 34.8% 34.1% 34.4% 35% 700 R, SGA Ratio, Ope.Profit Ratio（%） ） 29.1% 30% 27.3% 27.1% 29.3% 600 26.3% （ million yen） ） 25% 485 473 500 449 406 20% 400 Sales（ 361 262 262 228 234 15% 300 ＧＰR,
Slide 4: Financial Results (consolidated): quarterly booking, sales, backlog
３ Financial Results (consolidated) ※exclude the impact of exchange rate fluctuations 240 50 Backlog Booking Sales Ope.Profit 220 45 Booking, Sales, Backlog（100million yen） 200 40 180 Lehman Shock 35 Ope.Profit（100million yen） 160 30 140 25 120 20 100 15 80 10 60 5 40 0 20 (5) 0 (10) 1 Qtr. 2 Qtr. 3
Slide 5: Financial Results (by business segments, consolidated)
４ Financial Results (by business segments, consolidated) FY2014 FY2015 % of actual actual Pre.Year Powder 35,974 33,478 93.1% 【Powder Processing】 Blown Film 8,961 11,503 128.4% Pharmaceutical and mineral markets were recovered. Confectionary 3,580 2,359 65.9% China, Korea and Russia markets Total 48
Slide 6: Financial Results (by business segment): booking and backlog
５ Financial Results（ Results（by business segment） segment） Booking （ 100 million yen） yen ） Backlog （ 100 million yen） yen） 600 200 Confectionery Confectionery Blown Film Blown Film 500 14 Powder Processing 36 Powder Processing 24 39 6 40 150 23 12 6 5 9 52 21 22 19 78 66 125 18 400 19 99 23 26 38 5
Slide 7: Financial Results: Powder Processing
６ Financial Results Results ＜Powder Processing＞ Powder Sales Ratio： Ratio：70.7％ 70.7％ Booking, Sales, Backlog Ope.Profit, Ope.Profit Ratio 400 2ndH Ope.Profit Booking, Sales, Backlog 1stH 2ndH Backlog 50 15% 350 1stH Ope.Profit （100 million yen） Ope.Profit（100 million yen） Ope.Profit Ratio（％） 13% 30
Slide 8: Financial Results: Blown Film
７ Financial Results ＜Blown Film＞ Blown Film Sales Ratio： Ratio：24.3％ 24.3％ 2ndH Ope.Profit Booking, Sales, Backlog Ope.Profit, Ope.Profit Ratio 1stH Ope.Profit Booking, Sales, Backlog（100 million yen） Ope.Profit Ratio 1stH 2ndH Backlog 8 16% 80 Ope.Profit（100 million yen） Ope.Profit Ratio（％） 14% 60
Slide 9: Blown Film Business jumped up
８ Blown Film Business jumped up ＜Point＞ * Keeping good situation in U.S. economy * Downward trend of resin material price by collapse of the oil price * Increase of capital investment by renewal of plastic film plants * Increase of demand in developing countries * Business policy based on customer c
Slide 10: Financial Results: Confectionery & Bakery
８ Financial Results ＜Confectionery & Bakery＞ Confectionery & Bakery Sales Ratio： Ratio：5.0％ 5.0％ Booking, Sales, Backlog Ope.Profit, Ope.Profit Ratio 1.5 3% 1stH Booking, Sales, Backlog（100 million yen） 40 2ndH Ope.Profit Ope.Profit（100 million yen） Ope.Profit Ratio（％） 2ndH 1 1stH Ope.Profit Backlog
Slide 11: Sales (Destination base, consolidated)
１０ Sales (Destination base, consolidated） consolidated） % on FY2014 FY2015 Pre.Year Japan Sales 11,043 10,756 97.4% % 22.8% 22.7% America Sales 9,637 10,498 108.9% % 19.9% 22.2% Europe Sales 19,201 17,771 92.6% % 39.6% 37.5% Asia& Sales 8,634 8,316 96.3% Others % 17.8% 17.6% Total Sales 48,516 47,34
Slide 12: Bookings by Market Segments (consolidated)
１２ Bookings by Market Segments （consolidated） consolidated） FY2015 FY2014 FY2013
Slide 13: Financial Results (non-consolidated)
１４ Financial Results (non- (non-consolidated) (million yen) FY2014 FY2015 % of actual actual pre. Year Backlog 3,328 3,523 Booking 13,368 12,119 90.7% Sales 13,172 11,278 85.6% Gross Margin 5,421 4,667 86.1% (%) 41.2% 41.4% Ope. Profit 1,231 597 48.5% (%) 9.3% 5.3%
Slide 14: Financial Results (non-consolidated): GPR, SGA
１５ Financial Results (non- (non-consolidated) Sales(1stH) Sales(2ndH plan） GPR SGA Ratio Ope. Profit Ratio 41.5% 200 41.2% 41.4% （%） ） 38.9% 39.2% 38.3% 40% ratio（ 、Ope. Profit ratio 36.4% 36.1% 155 36.2% 31.9% 31.9% 150 Sales (million yen) 30% 133 28.2% 132 117 113 107 Ratio、 SGA Ratio 92 100 52 73
Slide 15: R&D, Capital Investment and Depreciation (consolidated)
１７ R&D, Capital Investment and Depreciation (consolidated) ＜Significant investment plan in FY2016＞ ・ Renewal of IT relative hard wear (Japan) ・ Replacement of facilities in subsidiary’s factories (Germany) ・ Reinforcement of production ability in the toll processing subsidiary (Germany)
Slide 16: Dividend & Payout Ratio
１４ Dividend & Payout Ratio （yen） year-end 16.0 interim 1 5yen 1 5yen 70.0% payout ratio 14.0 60.0% 12yen 12 yen 12.0 7.5 7.5 50.0% Payout Ratio 10.0 9 yen Dividend 6.0 40.0% 8.0 7 yen 5.0 30.0% 6.0 5 yen 5 yen 4.5 3.0 20.0% 4.0 3.0 7.5 7.5 6.0 10.0% 2.0 4.0 2.0 2.0 2.5 0.0 0.0% FY2009 FY2010 FY2011
Slide 17: Interest-bearing debt (consolidated)
１８ Interest- Interest-bearing debt （consolidated） consolidated） （連結） Long-term interest-bearing debt at the end of FY2015 (100 million yen) yen ) => 3.53 billion yen 80 72.7 74.4 bond with stock acquisition right Long-term interest-bearing debt corporate bonds redeemable within one year 60 short-ter
Slide 18: Business Plan FY2016
２２ Business Plan FY2016 (100 million yen) FY2015 FY2015 FY2016 Plan Actual Plan Sales 500 473 485 Ope. Profit 36 25 30 （% per sales） 7.2% 5.2% 6.2% Ext. Income 36 26 30 （% per sales） 7.2% 5.6% 6.2% Net Income 24 25 20 （% per sales） 4.8% 5.3% 4.1% 【為替レート】 US$ 118.00 119.30 120.00 EURO 134.00 136.84 1
Slide 19: Business Plan FY2016
２４ Business Plan FY2016 ◆ Competitive Products and Technologies ◆ Enhancement of Sales Promotion to developing countries ◆ Sales expansion to Active Markets ◆ Expansion of After Sales Business ◆ Improvement of Earning Potential
Slide 20: Business Plan FY2016: Competitive Products and Technologies
２５ Business Plan FY2016 ＜ Competitive Products and Technologies ＞ Development of New product and New technology (includes technology transfer） ◆Active freeze dryer (AFG) ◆Grinding equipment for carbon black (E-ACM) ◆Renewal products (hair-growth tonic, cosmetics)
Slide 21: Business Plan FY2016: Sales Promotion to developing countries
２６ Business Plan FY2016 ＜ Enhancement of Sales Promotion to developing countries ＞ 【 Bookings (Result and Plan to developing countries)】 180 166.4 160 151.4 140 120 （100 million yen） 97.8 92.8 100 80 60 40 20 0 Actual Actual Plan Plan FY2014 FY2015 FY2016 FY2017 (Confectionery related business is in
Slide 22: Business Plan FY2016: Sales Expansion to active markets
２７ Business Plan FY2016 ＜ Sales Expansion to active markets ＞ 【Bookings (Pharmaceutical market（consolidated）)】 （million yen） < Active Market > Pharmaceutical Magnetic materials Secondary Battery materials Functional resin etc… < Sales Promotion Tool> Mail magazine Web seminar Private seminar
Slide 23: Business Plan FY2016: Improvement of Earning Potential
２８ Business Plan FY2016 ＜ Improvement of Earning Potential＞ ◆Concentration to the core business 3 core business => 2 core business Powder processing -> Powder processing Blown Film -> Blown Film Confectionery & Bakery -> ( Divested ) ◆Enhancement in the peripheral business Acquired Anton Kolb GmbH (
Slide 24: ROE (Return on Equity, consolidated)
２９ ROE（ ROE（Return on Equity, consolidated） consolidated） 16% ） （連結） 14% 12% 11.0% 9.7% 10% 8.5% 8.6% 8% 6% 4% 2% 0% FY2012 FY2013 FY2014 FY2015