Dowa Holdings Co., Ltd. · TSE:5714
Dowa — H1 FY2014 Earnings Presentation
16 slides from Dowa's earnings presentation, Nov 10, 2014
Slide 1: November 10, 2014
November 10, 2014 * Forward-looking statements made in this document, such as business forecasts, are based on the information available at this time and on certain premises that the Company assumes to be reasonable. Actual performance may differ materially from such forecasts due to a variety of fa
Slide 2: Highlights of Income Statements
Highlights of Income Statements ■Consolidated Income Statements Billion yen FY2013 Results FY2014 Change H1 Full Year H1 Full Year H1 Full Year Results Forecasts Net Sales 211.8 443.9 223.6 470.0 11.7 6% 26.0 6% Operating Income 16.3 31.7 16.8 36.5 0.4 3% 4.7 15% Ordinary Income 17.8 35.0 18.4 38.0
Slide 3: Business Environment
Business Environment ■Market situation Environmental Management & Recycling-related market: Waste volume remained at the same level in Japan, but expanded overseas, especially in Asia. Automotive-related market: There was a slowdown in the domestic market due to the fall in demand that followed
Slide 4: Trends in Major Products
Trends in Major Products Indexes (100 for Q1 of FY2012) FY2013 FY2014 1Q 2Q 3Q 4Q 1Q 2Q Intermediate waste processing 100 96 104 91 101 86 volume in Japan Environmental Recycling materials collection Management & 100 102 108 109 118 106 volume (Kosaka) Recycling Waste processing amount in 100 115 11
Slide 5: Year-on-Year Comparison by Segment
Year-on-Year Comparison by Segment Billion Yen FY2013 H1 Results FY2014 H1 Results Change Details of Changes Operating Ordinary Operating Ordinary Operating Ordinary to Operating Income Net Sales Net Sales Net Sales Income Income Income Income Income Income -Decline in income due to a fall in the En
Slide 6: Factor Analysis of Ordinary Income
Factor Analysis of Ordinary Income Billion yen Environmental FY2013 H1 – FY2014 H1 Nonferrous Electronic Metal Management Heat Treatment Other Total Metals Materials Processing & Recycling Effect of various measures, increase/ decrease in sales, etc. (1.7) (0.3) 1.2 0.3 0.3 0.1 (0.1) Of the above, f
Slide 7: Financial Highlights (1)
Financial Highlights (1) ■ Consolidated Balance Sheets Billion yen March 31, Sep. 30, March 31, Sep. 30, Change Change 2014 2014 2014 2014 Current Liabilities 131.8 146.7 14.9 Current Assets 173.9 188.4 14.4 Noncurrent 59.9 55.0 (4.9) Liabilities Equity 8.7 8.7 (0.0) Noncurrent Assets 184.7 188.4 3.
Slide 8: Financial Highlights (2)
Financial Highlights (2) ■Consolidated Statements of Cash Flows Billion Yen FY2013 FY2014 Change H1 H1 Cash Flows from Operating Activities 3.2 5.0 1.7 Income before income taxes and minority interest 17.5 18.1 0.5 Depreciation 7.9 7.5 (0.4) Income taxes paid (6.1) (9.2) (3.0) Other, net (16.0) (11.
Slide 9: (Ref.) Consolidated Income Statements
(Ref.) Consolidated Income Statements Million yen Previous Term (FY2013) Current Term (FY2014) Change 1Q 2Q H1 1Q 2Q H1 1Q 2Q H1 Net Sales 108,658 103,227 211,885 109,671 113,969 223,640 1,013 10,741 11,754 Cost of Sales 92,071 88,627 180,698 92,268 98,576 190,844 197 9,949 10,146 Gross Profit 16,58
Slide 10: (Ref.) Consolidated Balance Sheet
(Ref.) Consolidated Balance Sheet Million yen March 31, September March 31, September Accounts Change Accounts Change 2014 30, 2014 2014 30, 2014 Assets Liabilities Current Assets 173,998 188,432 14,433 Current Liabilities 131,803 146,720 14,917 Cash and deposits 5,857 7,457 1,599 Notes and accounts
Slide 11: (Ref.) Consolidated Statements of Cash Flows
(Ref.) Consolidated Statements of Cash Flows Million yen FY2013 FY2014 FY2013 FY2014 Change Change H1 H1 H1 H1 I. Cash Flows from Operating Activities II. Cash Flows from Investing Activities Income before income taxes and minority interests 17,592 18,188 596 Acquisition of property, plant and equip
Slide 12: Forecasts for Fiscal 2014
Forecasts for Fiscal 2014 Billion yen FY2013 FY2014 Change Results Forecasts Net Sales 443.9 470.0 26.0 Operating Income 31.7 36.5 4.7 Ordinary Income 35.0 38.0 2.9 Net Income 23.3 25.0 1.6 - The forecasts announced on May 8, 2014 remain unchanged because there has been no change to our assumptions
Slide 13: Fiscal 2014 Assumptions and Sensitivities (H2)
Fiscal 2014 Assumptions and Sensitivities (H2) Sensitivity (Operating Income/Year) Million yen Assumptions Fluctuation Sensitivity ¥/$ 100.0 ¥/$ ±\1/$ 190 Copper 6,500 $/t ±100＄/t 15 Zinc 2,000 $/t ±100＄/t 200 Indium 600 $/kg ±100＄/kg 300 *Sensitivity is based on assumptions that the Company assumes
Slide 14: Year-on-Year Comparison by Segment
Year-on-Year Comparison by Segment Billion yen FY2013 Results FY2014 Forecasts Change Operating Ordinary Operating Ordinary Operating Ordinary Net Sales Net Sales Net Sales Income Income Income Income Income Income Environmental Management & 101.4 9.4 9.8 107.0 8.5 9.0 5.5 (0.9) (0.8) Recycling Nonf
Slide 15: Investment
Investment Billion yen FY2012 Results FY2013 Results FY2014 H1 Results FY2014 Forecasts Capital and Capital and Capital and Capital and R&D R&D R&D R&D stock Total stock Total stock Total stock Total investment investment investment investment investment investment investment investment Environmenta
Slide 16: Changes in ordinary income and net income
Changes in ordinary income and net income （Billion yen） 45 Total Ordinary Income 40 38.0 35.0 Environmental 35 Management & Recycling 30 27.2 Nonferrous Metals 25.0 23.3 23.3 25 20.9 Electronic 20 Materials 15.2 13.8 Metal Processing 15 10.6 8.5 10 Heat Treatment 4.3 5 Net Income 0 2009 2010 2011 20