Ushio Inc. · TSE:6925
Ushio — Q3 FY2012 Earnings Presentation
19 slides from Ushio's earnings presentation, Jan 31, 2013
Slide 1: 3rd Quarter FY2012 Financial Results
3rd Quarter FY2012 Financial Results USHIO INC. Jan. 31, 2013 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual results may
Slide 2: Agenda: Financial Results, Forecast, Supplementary Information
I. Financial Results for 3Q FY2012 II. Forecast for FY2012 III. Supplementary Information 2
Slide 3: Highlights of Financial Results for 3Q FY2012
Highlights of Financial Results for 3Q FY2012 ¾ Business Results For the first three quarters/FY2012, consolidated net sales decreased by 4.4% YoY to ¥105.7 billion, and consolidated operating income decreased by 40.0% YoY to ¥5.4 billion. ¾ Equipment Business： ◆Imaging Equipment Overall sales decre
Slide 4: Summary of Financial Results 3Q FY2012
Summary of Financial Results 3Q FY2012 FY11 FY12 YoY FY11 FY12 YoY (Billions of Yen) 3Q 3Q Changes % 1-3Q 1-3Q Changes % Net Sales 35.5 34.4 ▲1.1 ▲3.1 110.6 105.7 ▲4.8 ▲4.4 Operating Income 2.5 1.5 ▲0.9 ▲37.5 9.0 5.4 ▲3.6 ▲40.0 Operating Income Ratio (%) 7.1 4.6 ▲2.5P - 8.2 5.1 ▲3.0P - Ordinary Inco
Slide 5: Financial Results Trend (Quarterly Comparison)
Financial Results Trend 《Quarterly Comparison》 QoQ (Billions of Yen) 1Q 2Q 3Q Changes % Net Sales 35.9 35.3 34.4 ▲0.8 ▲2.4 Operating Income 1.9 1.9 1.5 ▲0.3 ▲18.4 Operating Income Ratio (%) 5.3 5.5 4.6 ▲0.9P - Ordinary Income 1.1 2.0 3.1 +1.0 +53.7 Net Income 0.5 0.7 1.7 +0.9 +122.4 EPS (Yen) 3.84 6
Slide 6: Financial Results by Business Segments
Financial Results by Business Segments (Billions of Yen) FY11 FY12 YoY FY11 FY12 YoY Business Segments 3Q 3Q Changes % 1-3Q 1-3Q Changes % Equipment Net Sales 22.2 20.3 ▲1.9 ▲8.6 69.2 63.5 ▲5.6 ▲8.1 Operating Income 0.8 0.5 ▲0.2 ▲33.0 3.0 1.2 ▲1.9 ▲61.3 Operating Income Ratio(%) 3.8 2.7 ▲1.0P - 4.4
Slide 7: Financial Results Trend by Business Segments (Quarterly Comparison)
Financial Results Trend by Business Segments 《Quarterly Comparison》 (Billions of Yen) QoQ Business Segments 1Q 2Q 3Q Changes % Equipment Net Sales 21.9 21.3 20.3 ▲0.9 ▲4.5 Operating Income 0.4 0.1 0.5 +0.3 +181.3 Operating Income Ratio(%) 2.1 0.9 2.7 +1.8 - Light Sources Net Sales 13.1 13.2 13.3 +0.
Slide 8: Equipment Business Segment (Net Sales)
Equipment Business Segment (Net Sales) 《1-3Q ttl》 Net Sales Changes （Billions of Yen） Imaging Equipment： 69.2 63.5 ▲8.1% Sales volume of DCP declined YoY Illumination 0.7 0.9 +33.2% and slightly decreased QoQ. Non- cinema related sales remained firm. Imaging 49.8 43.7 ▲12.2% Optical Equipment： Mar
Slide 9: Light Sources Business Segment (Net Sales)
Light Sources Business Segment (Net Sales) 《1-3Q ttl》 Net Sales Changes Discharge Lamps： （Billions of Yen） 39.1 39.7 +1.6% Xenon lamps for DCP remained firm, but replacement demand for UV lamps for lithography continued to remain weak. Halogen Lamps： Discharge 31.1 31.0 ▲0.0% In the office automat
Slide 10: II. Forecast for FY2012
I. Financial Results for 3Q FY2012 II. Forecast for FY2012 III. Supplementary Information 10
Slide 11: Business Outlook for FY2012
Business Outlook for FY2012 ¾ Equipment Business： ◆Imaging Equipment Sales volume for DCP will decrease within the scope of assumption and we aim to expand market share especially in developing countries by launching new product “Solaria One” in 4Q. Demand for non-cinema products is expected to rema
Slide 12: Forecast for FY2012
Forecast for FY2012 FY12 Forecast 4Q 1-3Q (Revised on (Billions of Yen) (Plan) 31 Oct, 2012) Net Sales 105.7 39.2 145.0 Operating Income 5.4 2.5 8.0 Operating Income Ratio (%) 5.1 6.6 5.5 Ordinary Income 6.3 3.6 10.0 Net Income 3.0 2.4 5.5 EPS (Yen) 23.49 - 41.94 ROE (%) 1.92 - 3.4 Dividend (Yen) 22
Slide 13: III. Supplementary Information
I. Financial Results for 3Q FY2012 II. Forecast for FY2012 III. Supplementary Information 13
Slide 14: Sales Trend by Product Groups
Sales Trend by Product Groups (Billions of Yen) 39.5 39.4 40 35.5 0.9 35.5 0.9 35.9 0.4 35.3 34.4 0.5 0.6 0.7 0.9 0.7 0.7 0.2 0.2 0.2 0.4 0.2 30 15.9 17.0 16.2 13.6 14.3 21.4 25.5 16.6 22.2 25.1 15.7 21.3 20.3 (60.2%) (64.6%) (63.8%) 21.9 Equipment (62.6%) (60.3%) (59.1%) (60.9%) Business 20 8.2 8.8
Slide 15: Net Sales and Operating Income by Geographic Segments (1-3Q)
Net Sales and Operating Income by Geographic Segments (1-3Q) ◆Net Sales ◆Operating Income FY11 FY12 FY11 FY12 (Billions of Yen) (Billions of Yen) 6 60 5.0 50.6 5 50 47.8 3.8 4 3.3 3.3 40 3.0 3 29.9 30.9 30 2 25.0 20.6 0.9 1 20 0 10 5.0 6.2 -1 Japan North Asia Europe 0 America -2 Japan North Asia Eur
Slide 16: Other Income and Expenses (1-3Q)
Other Income and Expenses (1-3Q) (Billions of Yen) FY11 FY12 YoY Other Income 2.7 1.5 ▲1.2 Interest Income 0.2 0.2 +0.0 Dividend 0.8 0.8 +0.0 Gain on Sales of Investment Securities 1.3 0.0 ▲1.3 Others 0.2 0.4 +0.1 Other Expenses 1.4 0.6 ▲0.8 Interest Expenses 0.1 0.1 +0.0 Exchange Loss 0.8 0.0 ▲0.7
Slide 17: Balance Sheet
Balance Sheet ◆Assets ◆Liabilities・Net Assets (Billions of Yen) (Billions of Yen) Changes Changes 224.4 219.3 ▲5.0 224.4 219.3 ▲5.0 Notes and Accounts ▲3.0 Payable +0.1 Cash and Bank Deposits 18.4 15.4 41.6 +0.3 Other Current Liabilities 41.7 Notes and Accounts 22.1 22.5 ▲5.4 Long-term Liabilities ▲
Slide 18: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Capital Expenditures, Depreciation and Amortization, R&D Expenses ◆ Capital Expenditures, ◆ R&D Expenses Depreciation and Amortization Capital Expenditures Ratio of R&D Expenses to Net Sales Depreciation and Amortization 5.9% (Billions of Yen) (Billions of Yen) 5.8% (Plan) 10 4.9% 4.7% 9.8 4.6% 15 8
Slide 19: Contact: IR & Public Relations, USHIO Inc.
Contact: IR & Public Relations, USHIO Inc. Email: contact@ushio.co.jp http://www.ushio.co.jp/global/