Nachi-fujikoshi Corp. · TSE:6474
Nachi-fujikoshi — H1 FY2011 Earnings Presentation
14 slides from Nachi-fujikoshi's earnings presentation, Jul 12, 2011
Slide 1: Contents
July 12, 2011 Contents Part 1 Overview of Results 1. FY2011 Interim Results 2–10 2. FY2011 Full Year Forecast 11–19 Part 2 Mid-term Business Plan Progress 20–25 䠍
Slide 2: FY2011 Summarized Overview of Results
䠎 FY2011 Summarized Overview of Results 2011 Interim 䕿 Profit-and-loss statement (Units: 100 mil yen) FY2010 FY2011 Increase/Decrease Interim (A) Interim (B) (Proportion) (B) – (A) Net Sales 䠒䠍䠑 䠓䠔䠕 䠄䠇䠎䠔.䠏%䠅 䠇䠍䠓 䠐 Operating Income 䠄䠑.䠌%䠅 䠏䠌 䠄䠕.䠍%䠅 䠓䠍 䠄䠎.䠏X䠅 䠇䠐䠍 Ordinary Income 䠄䠏.䠓%䠅 䠎䠎 䠄䠔.䠌%䠅 䠒䠏 䠄䠎
Slide 3: B/S Management Index; Sales by Region
B/S • Management Index 2011 Interim (Units: 100 mil yen) FY2010 FY2011 Increase/ Interim (A) Interim (B) Decrease (B) – (A) Total assets 䠍,䠓䠓䠕 䠍,䠔䠍䠏 䠉䠏䠏 Owned capital (capital ratio) 䠄䠎䠓.䠔%䠅 䠐䠕䠑 䠄䠏䠍.䠎%䠅 䠑䠒䠒 䠇 䠓䠍 Interest-bearing liabilities 䠄䠍.䠌X䠅 䠔䠌䠒 䠄䠌.䠔X䠅 䠒䠑䠎 䠉䠍䠑䠐 (net D/E ratio) Free cash flow 䠔
Slide 4: Sales by Market Segment; Sales by Business (Machinery & Tools)
Sales by Market Segment 2011 Interim (Units: 100 mil yen) 㻝㻘㻜㻜㻜 Year-over-year 㻝㻞㻡 㻝㻜㻣 Energy & 㻤㻜㻜 Infrastructure 㻠㻝㻝 㻠㻞㻜 㻝㻟㻢 +43.2% 㻝㻜㻣 㻢㻜㻜 㻥㻡 Machinery & 㻤㻤 㻣㻡 㻞㻡㻠 㻞㻤㻠 Sales 㻠㻜㻜 㻞㻝㻜 +35.2% 㻞㻝㻞 㻝㻤㻢 㻡㻝㻞 㻠㻤㻤 Automotive 㻞㻜㻜 㻟㻣㻞 㻟㻢㻥 㻞㻡㻠 㻞㻢㻝 㻟㻝㻜 +19.0% 㻜 㻝㼟㼠㻌㻓㻜㻤 㻞㼚㼐 㻝㼟㼠㻌㻓㻜㻥 㻞㼚㼐 㻝㼟㼠㻌㻓㻝㻜 㻞㼚㼐 㻝㼟㼠㻌㻓㻝㻝 䠒 Sa
Slide 5: Sales by Business (Parts, Materials, Other); Sales & Operating Profit by Segment
Sales by Business (Parts, Materials, Other) 2011 Interim (Units: 100 mil yen) Bearings Up 11.8% Hydraulic Other equipment 㻟㻜㻜 㻟㻝㻝 㻟㻜㻤 㻞㻣㻤 㻞㻠㻟 㻞㻜㻜 Up 34.4% 㻞㻜㻤 㻝㻠㻣 㻝㻟㻢 Up 36.0% 㻝㻜㻜 㻝㻜㻥 㻤㻥 㻤㻜 㻢㻥 㻡㻟 㻡㻝 㻡㻥 㻟㻥 㻜 09’ 1st 2nd 10’ 1st 2nd 11' 1st 09’ 1st 2nd 10’ 1st 2nd 11' 1st 09’ 1st 2nd 10’ 1st 2nd 11' 1
Slide 6: Reasons for Increase/Decrease in Operating Profit
Reasons for Increase/Decrease in Operating Profit 2011 Interim (Units: 100 mil yen) 䠍䠎䠌 (Profit up 8.2 billion yen) Raw materials up -䠐 Effect of exchange rate -10 䠍䠌䠌 Fixed costs, sales overhead, etc. up -27 Improved operating 䠔䠌 FY2011 capacity: +67 Interim (Profit down 䠒䠌 Cost reductions, 4.1 bil
Slide 7: Earnings Forecast; B/S Management Index
FY2011 Full Year Earnings Forecast FY2011 Full Year (Units: 100 mil yen) FY2010 FY2011 Increase/Decrease Full Year (A) Full Year (Proportion) Forecast (B) (B) – (A) Net Sales 䠍,䠏䠐䠔 䠍,䠒䠑䠌 䠄䠇䠎䠎.䠐%䠅 䠇䠏䠌䠍 Operating Income 䠄䠒.䠍%䠅 䠔䠎 䠄䠕.䠍%䠅 䠍䠑䠌 䠄䠇䠔䠍.䠕%䠅 䠇䠒䠓 Ordinary Income 䠄䠐.䠔%䠅 䠒䠐 䠄䠓.䠕%䠅 䠍䠏䠌 䠄䠎.䠌X䠅 䠇䠒䠑
Slide 8: Sales by Region and Market Segment; Sales by Business (Cutting Tools, Machines)
Sales by Region ar et Segment FY2011 Full Year (Units mil yen) 䕿 Sales by Region 䕿 Sales by ar et 䠍 䠒䠑䠌 䠍 䠒䠑䠌 Segment E rope 䠔䠌 䠏䠔 䠍 Energy/infrast 䠏䠔 䠒 䠍㻘䠑䠌䠌 䠍 䠏䠐䠔 mericas 䠍䠒䠑 䠍䠑 䠌 r ct re 䠎䠔䠌 E rope 䠑䠓 䠍 䠏䠐䠔 Energy/infrast mericas 䠍䠐䠏 sia 䠐䠍䠑 䠏䠒 䠍 r ct re 䠎䠌䠎 Ind strial 䠎䠑 䠌 machinery/ Ind strial
Slide 9: Sales by Business (Components, Materials, Other); Net Sales and Operating Income by Segment
Sales by siness (Components aterials Other) FY2011 Full Year earings (Units mil yen) Up ydra lic Others achinery 㻢㻜㻜 㻢㻥㻢 㻢㻡㻜 㻡㻤㻢 㻠㻜㻜 㻠㻡㻝 Up 㻟㻣㻟 㻟㻝㻜 Up 㻞㻜㻜 㻞㻠㻡 㻝㻥㻟 㻝㻢㻥 㻝㻠㻡 㻝㻝㻜 㻥㻞 㻜 䠍䠒 et Sales Operating Income by siness Segment FY2011 Full Year (Units: 100 mil yen) F F Increase/Decrease F ll ear ( )
Slide 10: Reasons for Increase/Decrease in Operating Income; Orders, Sales, Backlog by Quarter
Reasons for Increase/Decrease in Operating Income FY2011 Full Year (Units mil yen) 䠎䠐䠌 ( rofit p billion yen) Effect of exchange rate 䕧 Cost rices down 䕧 red ctions etc Raw materials p 䕧 䠎䠌䠌 Fixed costs sales overhead etc p 䕧 䠍䠒䠌 F Improved operating capacity ( rofit down 䠍䠎䠌 billion yen) billion ye
Slide 11: FY2011 Interim Results and Full Year Forecast Overview
䠎䠌 F Interim Res lts F ll ear Forecast er la 䕿 rofit-and-loss statement (Units mil yen) 㻲㼅㻞㻜㻝㻝 㻲㼅㻞㻜㻝㻝 㻵㼚㼠㼑㼞㼕㼙 㻲㼡㼘㼘㻌㼅㼑㼍㼞㻌㻲㼛㼞㼑㼏㼍㼟㼠 et Sales 䠓䠔䠕 䠍䠈䠒䠑䠌 Operating Income 㻔䠕㻚䠍㻑㻕 䠓䠍 㻔䠕㻚䠍㻑㻕㻌 䠍䠑䠌 Ordinary Income 㻔䠔㻚䠌㻑㻕 䠒䠏 㻔䠓㻚䠕㻑㻕㻌㻌㻌㻌䠍䠏䠌 Extraordinary profit 䠌 䠌 Extraordinary loss 䠍 䠎 et Income 䠑䠍 䠍䠌䠌 䠎䠍
Slide 12: Expanding in Emerging Markets
Expanding in Emerging ar ets er la et Sales 䕿 er ea ale re (Units mil yen) 㻤㻜㻜 ale 㻯㼑㼚㼠㼞㼍㼘㻌㻒㻌㻿㼛㼡㼠㼔㻌㻭㼙㼑㼞㼕㼏㼍 e er 㻱㼍㼟㼠㼑㼞㼚㻌㻱㼡㼞㼛㼜㼑 u re 㻵㼚㼐㼕㼍㻌㻒㻌㻹㼕㼐㼐㼘㼑㻛㻺㼑㼍㼞㻌㻱㼍㼟㼠 e ee 㻭㻿㻱㻭㻺㻌㻒㻌㻻㼏㼑㼍㼚㼕㼍 㻱㼍㼟㼠㻌㻭㼟㼕㼍 F re a 㻢㻜㻜 㻯㼔㼕㼚㼍 䠄2 䠅 Central So th merica Eastern E rope er 20 India iddle/ ear East 㻠㻜㻜 u re 1 2 00 1 2 1 SE O
Slide 13: Expanding in Emerging Markets: India; Mid-term Management Goals
Expanding in Emerging Markets Mid-term Plan Efforts in the Indian Marketplace ull-Scale Deployment of Tools & Machines usiness 䞉 egin local production of precision tools. achi Motherson Precision td. Manesar ew Delhi area perations begin une 22. 䞉Increase deliveries to local, apanese, and estern man
Slide 14: Forward-looking statements notice
㼔䡐䡐䡌㻦㻛㻛㼣㼣㼣㻚㼚㼍㼏㼔㼕㻙㼒㼡㼖㼕㼗㼛㼟㼔㼕㻚㼏㼛㻚㼖㼜㻛 These materials describe our future earnings forecasts and business plans, and are based on the assumption of an economic environment and business policies that remain fixed as they are now. Therefore, please note that actual earnings are subject to numerous factors