Slide 1: Consolidated Financial Results 4Q & Full-Year of FY 2013
Sumida Corporation Consolidated Financial Results < 4Q & Full-Year of FY 2013 > February 13, 2014
Slide 2: Performance Review
Sumida Corporation Performance Review < 4Q & Full-Year of FY 2013 > Chief Executive Officer Shigeyuki Yawata February 13, 2014 I’m going to explain highlights of 2013 performance as well as 2014 action plans.
Slide 3: Consolidated P/L for full-year of FY 2013
Consolidated P/L for full-year of FY 2013 Sales were up 24.5% from a year earlier with automotive-related sales covering a shortfall caused by consumer electronics sales. However, net income fell Into the red due to reversal of deferred tax assets. （Million yen） FY 2012 FY 2013 Change Sales 51,300 6
Slide 4: Sales by Market Segment
Sales by Market Segment Automotive & Industry sales growing, but weak sales for consumer electronics Quarterly Sales by Market Segment (Million yen) • Automotive – Smart entry became widely used in U.S. – Use of smart entry for luxury cars steadily grew in developing countries • Consumer Electronics
Slide 5: Sales by Region
Sales by Region Total sales increased with the backing of yen’s depreciation in addition to sales growth on a local currency basis in the U.S. and China Quarterly Sales by Region (Million yen) • North America Ja pan As ia E urope North America 7 ,000 Sales increased thanks to; 6 ,000 – Smart entry g
Slide 6: Market Analysis
Market Analysis Positive factors (growth in strategic markets) absorbed negative ones Automotive Consumer Industry Electronics Smart entry Orders for Steady growth for Positive factors sales increased smartphone and medical-related in the U.S. tablet PC business significantly rose due to release of
Slide 7: Measures executed in 2013
Measures executed in 2013 ☛ Strengthened sales force in the U.S. and China -Expansion of distributor network -Buildup of R&D backup system ↓ U.S. sales： up 64.1% vs. 2012 China sales： up 49.9% vs. 2012 ☛ Implemented business practices less susceptible to foreign currency exchange -Established sellin
Slide 8: Measures executed in 2013: cost reduction
Measures executed in 2013 Approximately 1 billion yen expense cuts in preparation for 2014 Japan：４00 million yen Integration of R&D centers & Target for Relocation of Tokyo staff organization units Cost Savings TOTAL 1 billion yen China：４00 million yen Space optimization among hub and satellite plan
Slide 9: Measures executed in 2013: strengthened risk management
Measures executed in 2013 Strengthened risk management ☛Factory in Germany was submerged under 2 meters of water flooded from the Danube in June 2013. Damages were quickly recovered in a month. Since then, warehouses and a part of factory were moved to higher ground and building a floodwall is being
Slide 10: Action plans to be executed in 2014
Action plans to be executed in 2014 ☛ To expand automotive-related business To make sure to harvest fruits borne out of the seeds planted in the past -To launch new products of reactors, transformers and inductors to meet the needs for further computerization of automobiles including HV/EV -To devel
Slide 11: Action plans to be executed in 2014: plant investments
Action plans to be executed in 2014 To expand China satellite plant and Mexico plant To upgrade Ji’an satellite plant to a hub plant status To expand production through significant expansion capacity to accommodate and to streamline automotive- increasing demand for Germany related production lines
Slide 12: Positioning of 2012-2014 as Stage I of the Master Plan
Positioning of 2012-2014 as the stage I of the Master Plan Stage l was positioned as a preparation period going to the Stage II to build a foundation for new Sumida that had traditionally grown with consumer electronics business and has recently expanded its business into the automotive and the indu
Slide 13: Dividend Policy for 2014
Dividend Policy for 2014 With basic dividend ratio of 25-30%, dividend payout is decided depending on performance Dividend payout Stable dividend Balance reflecting performance payout 1. Dividend policy for 2014 Consolidated net income target × Basic payout ratio (25%-30%) ⇒ Annual basic dividend pa