Harada Industry Co., Ltd. · TSE:6904
Harada Industry — FY2019 Earnings Presentation
24 slides from Harada Industry's earnings presentation, Jun 23, 2020
Slide 1: Financial Results Presentation Slides for the Year Ended in March, 2020
Financial Results Presentation Slides for the Year Ended in March, 2020 Harada Industry Co., Ltd. June 23, 2020 Securities Code: 6904 http://www.harada.com
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ..................................................................................................................................................... 4 2. Global Network ..............................................................................
Slide 3: I. Corporate Overview
|. Corporate Overview HARADA
Slide 4: Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: Global Network
2. Global Network HARADA INDUSTRY OF AMERICA, INC. HARADA INDUSTRIES (EUROPE) LIMITED HARADA INDUSTRIES (MEXICO), HARADA EUROPE R&D CENTRE S.A. DE C.V. DALIAN HARADA INDUSTRY CO., LTD. SHANGHAI HARADA NEW HARADA INDUSTRIES VIETNAM LIMITED AUTOMOTIVE ANTENNA CO., LTD. HARADA Asia-Pacific Ltd. TAIWAN
Slide 6: Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support for multi- band antennas including: radio (AM/FM, DAB, and satellite (SDARS)), 4G-LTE, DSRC V2X, and GNSS. Rod Type Antenna Support for multi-band antennas including: radio (AM/FM, DAB, and satellite (SDARS)), 4G- LTE, DSRC V2X, and GNSS. In-Dash
Slide 7: Major Products 2
3. Major Products 2 Amplifier for Screen Type Antenna Film Antenna for DTV Other Integrated Type (Hidden) Antenna Can be integrated beneath plastic roof panel, into spoiler, trunk lid or bumper. Support for multi-band antennas. 7
Slide 8: Major Products 3
3. Major Products 3 Coaxial Cables Connecting antennas and audio units. Routing design, design and development to in-house manufacturing and assembly of components. CCA (Copper Clad Aluminum) Cables The core of braided wire uses aluminum while copper cladded on the outer that enables lighter weight,
Slide 9: II. Financial Results for FY2019 (Consolidated)
II. Financial Results for FY2019 (Consolidated) 9
Slide 10: Net Sales Trend
1. Net Sales Trend Europe (Hundred millions of yen) 500 North and Central Americas Asia 432 429 431 Japan 408 411 397 42 39 400 41 364 38 39 43 31 299 127 124 147 123 300 132 129 23 118 214 217 88 200 12 16 115 112 117 108 86 71 66 91 106 62 100 34 38 136 144 155 151 124 123 120 124 96 95 0 FY2010 1
Slide 11: Summary of Consolidated Statement of Income
2. Summary of Consolidated Statement of Income (Millions of yen) FY2018 FY2019 Previous Current Increase Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: (363) 43,135 41,136 (1,999) - Asia: (2,622) (currency effect: (263)) Net sales - No
Slide 12: Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 1,400 1,234 1,256 1,200 977 1,000 936 847 800 768 603 600 400 346 200 200 0 (200) (94) FY2010 11 12 13 14 15 16 17 18 19 Current year * Forecasts of consolidated financial results for the fiscal year ending March 2021 are currently u
Slide 13: Factors of Changes in Operating Income
4. Factors of Changes in Operating Income Decrease in gross profit due to (Millions of yen) decrease in net sales Decrease in gross profit due to increase in cost of sales ratio - The effect of decrease in the production efficiency - Impact of taking measures (465) against COVID-19 (501) 1,737 (86)
Slide 14: Summary of Consolidated Balance Sheet
5. Summary of Consolidated Balance Sheet (Millions of yen) FY2018 Component FY2019 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 26,924 76.4% 24,884 72.3% (2,040) Non-current assets 8,311 23.6% 9,553 27.7% 1,241 Total assets 35,236 100.0% 34,437 100.0%
Slide 15: Sales Breakdown by Reported Segments
6. Sales Breakdown by Reported Segments FY2018 Europe Previous year 9.1% (Millions of yen) North and Japan Previous Current Central 36.0% year year Americas Asia 28.8% Increase Impact of 26.1% Net FY2018 FY2019 or foreign change decrease exchange Japan 15,533 15,169 (363) － (363) Asia 11,247 8,625 (
Slide 16: Consolidated Cash Flow Trend
7. Consolidated Cash Flow Trend (Millions of yen) 5,000 Cash flows from operating activities 4,000 Cash flows from investing activities Cash flows from financing activities 3,000 2,000 1,000 0 (1,000) (2,000) (3,000) FY2010 11 12 13 14 15 16 17 18 19 Previous Current Year year FY2010 11 12 13 14 15
Slide 17: Capital Expenditure Trend; Depreciation Trend
8. Capital Expenditure Trend (Millions of yen) 2,500 1,994 2,000 1,621 1,500 1,252 1,035 1,038 1,000 801 874 636 643 502 500 0 FY2010 11 12 13 14 15 16 17 18 19 9. Depreciation Trend (Millions of yen) 1,500 1,024 980 1,009 1,000 892 886 871 867 758 567 541 500 0 FY2010 11 12 13 14 15 16 17 18 19 17
Slide 18: Research and Development Expense Trend
10. Research and Development Expense Trend (Millions of yen) 2,000 1,626 1,585 1,564 1,465 1,519 1,500 1,354 1,421 1,339 919 925 1,000 500 0 FY2010 11 12 13 14 15 16 17 18 19 18
Slide 19: Dividend and Stock Price Trend
11. Dividend and Stock Price Trend (Yen) 1,600 12.0 Dividends 1,400 10.0 10.0 10.0 Stock prices (highest) 10.0 1,200 Stock prices (lowest) 7.5 7.5 7.5 7.5 7.5 7.5 7.5 8.0 1,000 800 6.0 600 4.0 400 2.0 200 0 0.0 FY2010 11 12 13 14 15 16 17 18 19 Current Stock Price Trend year (Yen) FY2010 11 12 13 14
Slide 20: Foreign Exchange Rate Trend
12. Foreign Exchange Rate Trend US$ Stg.£ RMB Current Rate (Yen) 300 24 19.35 250 17.36 18.34 17.31 20 16.77 16.15 15.67 200 13.90 16 187.20 143.07 152.07 140.47 143.52 150 126.45 119.82 173.80 178.73 12 139.57 100 120.62 120.60 116.55 111.00 8 105.40 113.06 109.56 50 81.45 77.73 86.58 4 0 0 FY2010
Slide 21: Reference
Reference HARADA 21
Slide 22: Automobile Manufacturing Trend (Results and Forecasts)
1. Automobile Manufacturing Trend (Results and Forecasts) Japan Asia (Thousands) 50,000 (Thousands) 14,000 12,000 45,000 10,000 9,051 40,000 36,526 37,807 8,335 8,000 35,000 6,000 30,000 4,000 25,000 2,000 20,000 2017 2018 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023 North and C
Slide 23: Crude Oil, WTI Price Trend; Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3. Cooper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 23
Slide 24: Harada Automotive Antenna Authority
HARAD Automotive Antenna Authority