Fujikura Ltd · TSE:5803
Fujikura — Q1 FY2018 Earnings Presentation
18 slides from Fujikura's earnings presentation, Jul 31, 2018
Slide 1: 1Q FY2018 Financial Results
1Q FY2018 Financial Results July 31, 2018
Slide 2: Contents
Contents 1. Review of 1Q FY2018 Financial Results 2. By Segment 1
Slide 3: 1. Review of 1Q FY2018 Financial Results
1. Review of 1Q FY2018 Financial Results 2
Slide 4: 1Q FY2018 Financial Results
1Q FY2018 Financial Results (Unit : Yen in billion) FY2018（Forecast FY2017 FY2018 on May 11） 1H 1Q 1H Full Year 1Q Achieve- 1H Full Year ment Ratio Net Sales 166.5 359.7 740.0 177.6 49％ 360.0 750.0 Operating Income 7.0 17.5 34.3 7.5 45％ 17.0 39.0 Ratio of Operating Income to Net Sales(%) 4.2 4.9 4.6
Slide 5: Review of 1Q FY2018 Results
Review of 1Q FY2018 Results Net sales increased on a YoY basis owing to the demand rise of the electronics and automotive businesses. Operating income increased on a YoY owing to a decline in expenses associated with the increased turnover rate in Eastern Europe manufacturing operation in the au
Slide 6: 1Q FY2018 Contributing Factors to Net Sales Change (year-on-year basis)
1Q FY2018 Contributing Factors to Net Sales Change (year-on-year basis) Net Sales (Unit : Yen in billion) Automotive Business Impact of restructuring of domestic Effects of Electric Wire Electronics +6.2 Copper Sales Company Business Effects of Prices in FY2017 Forex +0.9 +3.0 (3.8) +4.7 177.6 11.1
Slide 7: 1Q FY2018 Contributing Factors to Operating Income Change (year-on-year basis)
1Q FY2018 Contributing Factors to Operating Income Change (year-on-year basis) Operating Income (Unit : Yen in billion) Automotive Business Effects of Forex Electronics (0.1) Business +1.0 (0.3) 0.5 higher than 1Q FY2017 7.5 7.0 1Q FY2017 1Q FY2018 Results Results 6
Slide 8: 1Q FY2018 Extraordinary Profit and Loss
1Q FY2018 Extraordinary Profit and Loss (Unit: Yen in billion) 1Q FY2017 1Q FY2018 Operating Income 7.0 7.5 Share of other comprehensive income 0.2 0.4 of entities accounted for using equity method Ordinary Income 7.5 5.1 Including the losses due to the Extraordinary Income 0.0 0.6 slump of South Am
Slide 9: Consolidated B/S (1)
Consolidated B/S (1) （Unit: Yen in billion） As of March As of June Change 31, 2018 30, 2018 〈Assets〉 638.0 645.6 +7.5 Current Assets 324.1 326.4 +2.2 Cash and Deposits 34.2 31.8 (2.3) Notes and Account 151.2 156.5 +5.3 Increase due to the seasonality Receivable in electronics business. Inventory 113
Slide 10: Consolidated B/S (2)
Consolidated B/S (2) （Unit: Yen in billion） As of March As of June 30, Change 31, 2018 2018 Total 638.0 645.6 +7.5 (Treasury Stock) ((6.3)) ((6.3)) ((0.0)) 〈Liability〉 396.0 405.3 +9.2 Notes and Account 77.1 76.7 (0.4) Payable Interest-bearing Debt 239.3 250.9 +11.5 Increase of working capital and c
Slide 11: 2. By Segment
F Fujikura 2. By Segment
Slide 12: Financial Results and Forecast by Segment
Financial Results and Forecast by Segment （Unit: Yen in billion） Net Sales Operating Income and Ratio of Operating Income to Net Sales 1Q 1H 1Q 1H 1Q 1H FY2018 1Q 1H FY2018 Segment FY2017 FY2017 FY2018 Forecast FY2017 FY2017 FY2018 Forecast Results Results Results Results Power & 5.7 12.1 5.4 9.7 Te
Slide 13: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1Q, both net sales and operating income remained unchanged on a YoY basis. Achievement ratio of net sales in 1Q is 51% with respect to 1H forecast. That of operating income is 56% owing to improvement of product mix and reduction of cost. （Unit: Yen i
Slide 14: Electronics Business Company
Electronics Business Company In 1Q, net sales increased on a YoY basis mainly owing to sales growth of FPCs in smartphone application. Achievement ratio of net sales in 1Q is 41% with respect to 1H forecast and that of operating income is 14% due to the seasonality. （Unit: Yen in billion） Net sa
Slide 15: Automotive Products Company
Automotive Products Company In 1Q, net sales increased on a YoY basis owing to the launch of a new model. Red figure of operating income reduced owing to a decline in expenses associated with the increased turnover rate in Eastern Europe manufacturing operation booked mainly in 1Q FY2017 Achieve
Slide 16: Real Estate Business Company
Real Estate Business Company Revenues from leasing real estate properties continue to contribute to consolidated operating income. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Real Estate Ratio of Operating Income to Net Sales Stable revenues form leasing properties
Slide 17: Special Notes
Special Notes: Statements in this presentation that relate to future to results and events (including statements regarding Fujikura's revenue and earnings guidance) and based on Fujikura's current expectations. Actual results in future periods may differ materially form those currently expected beca
Slide 18: 1Q FY2018 Financial Results Appendix: Net Sales and Operating Income by Segment
【1Q FY2018 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecast by Segment Unit: Yen in Billion FY2018 FY2017 FY2018 Forecast on May 11 Full 1Q 2Q 3Q 4Q 1H 2H 1Q 1H Est. Year Power Systems 50.4 51.3 58.7 52.2 101.8 111.0 212.8 50.1 92.0 Telecommunicati