F-tech Inc. · TSE:7212

F-tech — Q2 FY2018 Earnings Presentation

28 slides from F-tech's earnings presentation, Nov 8, 2017

  1. Slide 1: FY 2Q Financial Results Ended September 2017

    FY 2Q Financial Results Ended September 2017 11/8/2017 F-TECH Inc. TSE 1st Section ：7212 http://www.ftech.co.jp Copyright(c) 2017 F-tech Inc.All Right Reserved 1

  2. Slide 2: Table of Contents

    Table of Contents 1. Financial Results Overview 2. Earnings Forecast 3. Topics Yuichi Fukuda President & CEO Copyright(c) 2017 F-tech Inc.All Right Reserved 2

  3. Slide 3: Table of Contents

    Table of Contents 1. Financial Results Overview 2. Earnings Forecast 3. Topics Yuichi Fukuda President & CEO Copyright(c) 2017 F-tech Inc.All Right Reserved 3

  4. Slide 4: Consolidated Financial Results Overview (Year on Year)

    Consolidated Financial Results Overview (Year on Year) (Million yen) 2Q Ended Mar 2017 2Q Ended Mar 2018 Difference Sales 90,801 ― 107,511 ― 16,709 18.4% Operating Income 3,033 3.3% 3,902 3.6% 869 28.7% Income before tax 2,230 2.5% 3,248 3.0% 1,017 45.6% Profit Attributable to owners of parent 687 0

  5. Slide 5: Consolidated Sales (Year on Year)

    Consolidated Sales (Year on Year) Consolidated Sales by Segment (Million Yen) Share of Sales （%） (Unit: M Yen) 120,000 (Japan) Japan 13.2% Japan 12.5% ▲0.7% 100,000 Japan 13,393 Decrease Japan 11,948 80,000 (North N. America N. America America) N. America 59.6% 59.8% 60,000 0.2% N.America 64,322 Inc

  6. Slide 6: Operating Profit by Segment (Year on Year)

    Operating Profit by Segment (Year on Year) (Unit: M yen) Amount Share Q2 FY Q2 FY Q2 FY Q2 FY Difference Difference 2017 2018 Difference 2017 2018 (%) (%) Actual Actual Actual Actual Japan 282 935 653 231.8% 9.3% 24.0% 14.7% N. America 1,304 727 ▲576 ▲44.2% 43.0% 18.6% ▲24.3% Asia 1,518 2,297 778 51

  7. Slide 7: Operating Profit Movement Factors

    Operating Profit Movement Factors Japan N. America Asia Increase Decrease （Unit : M Yen) 3,902 Consoli FX Other Impacts Adjust Others Products 10 6 13 ▲264 376 3,033 Products Others Products 917 ▲1,002 812 FY 2Q 2017 FY 2Q 2018 Operating Operating Profit Actual Profit Actual Copyright(c) 2017 F-tech

  8. Slide 8: Table of Contents

    Table of Contents 1. Financial Results Overview 2. Earnings Forecast 3. Topics Yuichi Fukuda President & CEO Copyright(c) 2017 F-tech Inc.All Right Reserved 8

  9. Slide 9: Consolidated Results Forecast Overview (FY Mar 2018)

    Consolidated Results Forecast Overview (FY Mar 2018) (Unit：M yen) FY Mar 2018 Forecast FY Mar 2018 Forecast Difference (Last forecast) (Current update) Sales 209,000 ― 220,000 ― 11,000 5.3% Operating profit 8,000 3.8% 8,200 3.7% 200 2.5% Profit before tax 7,400 3.5% 7,100 3.2% ▲300 ▲4.1% Profit attr

  10. Slide 10: Consolidated Sales Forecast (FY Mar 2018)

    Consolidated Sales Forecast (FY Mar 2018) Consolidated Sales by Segment Share of Sales （%） 209,000 220,000 Japan 12.6% Japan 12.7% (Japan) 200,000 Japan 26,289 Japan 27,876 0.1% Increase 150,000 N. America N. America N. America N. America (North America) 129,235 60.7% 58.7% 126,927 ▲2.0% 100,000 Dec

  11. Slide 11: Operating Income by Segment (Year on Year)

    Operating Income by Segment (Year on Year) (Unit: M yen) Amount Share FY Mar FY Mar FY Mar FY Mar 2018 2018 Difference 2018 2018 Difference Difference Last Update (%) Last Update (%) forecast forecast forecast forecast Japan 921 1,469 548 59.6% 11.5% 17.9% 6.4% N. America 1,705 1,019 ▲686 ▲40.3% 21.

  12. Slide 12: Operating Profit Movement Factors

    Operating Profit Movement Factors Japan N. America Asia Increase Decrease （Unit ：M Yen） Other Products 8,200 ▲45 ▲20 8,000 Other Products 144 593 Other Products Consoli FX ▲753 405 Adjust Impacts ▲472 348 March 2018 March 2018 Operating Profit Operating Profit （Last Forecast） （Current update） Copyri

  13. Slide 13: Changes in Sales by Customer

    Changes in Sales by Customer 144,089 172,456 175,579 196,343 197,941 209,000 100% 4.4% Others 90% 4.0% 4.0% 3.8% 3.5% 3.4% Suzuki 7.6% 8.6% 9.5% 10.9% 12.0% 11.5% Mitsubishi 80% Toyota Nissan 70% GM 80.5% 79.9% 79.0% 77.6% 76.4% 74.6% Honda 60% 50% FY Mar 2013 FY Mar 2014 FY Mar 2015 FY Mar 2016 FY

  14. Slide 14: Financial Position

    Financial Position Total Asset Capital Investment Depreciation Interest-Bearing Debt Dependence on(Unit: M Yen) Interest-Bearing Debt 160,000 50.0% 140,000 40.0% 120,000 100,000 30.0% 80,000 60,000 20.0% 40,000 10.0% 20,000 0 0.0% FY Mar 2013 FY Mar 2014 FY Mar 2015 FY Mar 2016 FY Mar 2017 FY Mar 20

  15. Slide 15: Table of Contents

    Table of Contents 1. Financial Results Overview 2. Earnings Forecast 3. Topics Yuichi Fukuda President & CEO Copyright(c) 2017 F-tech Inc.All Right Reserved 15

  16. Slide 16: Capital Status

    Capital Status The 2020 maturity yen convertible bond(CD), which was fully converted into equity on Sep. 12, 2017 as we executed a call option. Column March 2017 September 2017 Difference CB Balance 2,350 M Yen 0 ▲2,350 M Yen Issued shares 16,760,425 18,712,244 ＋1,951,819 Capital 5,615 M Yen 6,790 M

  17. Slide 17: 1st Half New production models (2017/4～2017/9)

    1st Half New production models (2017/4～2017/9) Areas Customer April May June July Aug Sep … HONDA N-BOX CIVIC Japan NISSAN LEAF HONDA Odyssey ACCORD Equinox/ Travers/ GM TERRAIN Enclave N.A NISSAN LEAF ALTIMA TOYOTA CAMRY New customers HONDA CITY China, Asia New customers ※Listed for ordinary produc

  18. Slide 18: New businesses with Major Customers

    New businesses with Major Customers Odyssey ACCORD Production ：April 2017 Production ：Sep. 2017 Location ：USA （F&P Georgia） Location ：USA （F&P America） Products ：Suspension parts Products ：Suspension parts Mount parts Mount parts Pedals control parts Pedal control parts N-BOX CIVIC Production ：July

  19. Slide 19: New businesses with Major Customers

    New businesses with Major Customers NISSAN GM Production ：July, Aug. 2017 Production ：April, May 2017 Location ：USA （F&P Georgia）, Location ：Mexico （F&P Mexico） Japan (Kyushu F.tech） Canada （Dyna-Mig） Products ：Suspension parts Products ：Suspension parts Pedal control parts Mount parts New Customer

  20. Slide 20: Design, Processing

    Activities to achieve light weight parts ＣＡＥ Optimization Precision press technology ＦＳＷ Technology Design, Processing Steel/Aluminum Optimum design development ・FUT-1 different material welding by the latest CAE analysis Steel Aluminum High HTSS steel processing Challenge for new materials welding

  21. Slide 21: IR events for individual investors

    IR events for individual investors ＜Nikkei IR・Investment Fair2017＞ Dates ：Aug. 25,26, 2017 Venue ：Tokyo Big Sight Visitors：17,346 Hall presentation, Booth session Connect with much individual investors to explain company profile. ＜Individual IR at ＞ Date ：July 6, 2017 Date ：Dec 5 2017 (Plan) Venue ：

  22. Slide 22: Exhibit to Technology Fairs

    Exhibit to Technology Fairs ～Automotive Engineering Exposition Nagoya～ Dates ：June 28 - 30 2017 Venue ：Portmesse Nagoya Visitors ：39,810 Booth Exhibition (Lightweight pedals, Aluminum parts technology) F-tech booth was introduced on "The Motor Fan" magazine ＜Future Event＞ The largest light ～8th Ligh

  23. Slide 23: CSR (Work style reform to all)

    CSR (Work style reform to all) 【Leave/Short time work programs】 【2017 Actions】 ・Shorter hours employees Program 16/3 17/3 18/3 Return % Expand Half day off plan HC on Child-care leave （Female/Male） 6/1 4/2 5/1 100% /100% ・Extend short hour work plan for HC on Child-care short 12/1 11/0 14/1 -/- pare

  24. Slide 24: Information

    Information Our corporate website was renewed in July 7, 2015 We disclose our information in a timely and appropriate manner on our website. http://www.ftech.co.jp/ Corporate Governance IR Calendar Archives of IR Reports Business Results Data Corporate Stock Information Our Action Guidelines http://

  25. Slide 25: For inquiries on IR information, please contact:

    The future outlook and earnings forecasts in this document are made based on the information available at the moment, and they include potential risks and uncertainties. As a result, please bear in mind that actual business performance may substantially differ from the stated future forecasts due to

  26. Slide 26: Copyright(c) 2017 F-tech Inc.All Right Reserved

    Copyright(c) 2017 F-tech Inc.All Right Reserved

  27. Slide 27: Consolidated Balance Sheet (Mar. 2017 Forecast)

    Consolidated Balance Sheet (Mar. 2017 Forecast) Unit：M Yen March 2017 March 2018 Difference March March Unit：M Yen Difference 2017 2018 Current Assets 61,899 64,683 2,784 Current Liabilities 63,465 57,364 ▲6,101 Notes Payable, Account Cash and Deposits 5,719 4,802 ▲917 21,186 20,771 ▲415 Payable Not

  28. Slide 28: Consolidated Cash Flow (Mar. 2018 Forecast)

    Consolidated Cash Flow （Mar. 2018 Forecast) M Yen March March 20,000 Unit：M Yen Difference 2017 2018 15,000 Operating Activities 13,245 15,092 1,847 10,000 Investment Activities ▲13,116 ▲12,762 354 5,000 Financing Activities ▲870 ▲3,030 ▲2,160 Exchange Impacts of Cash 0 ▲261 ▲216 45 and Cash Equival

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