Yushin Company · TSE:6482
Yushin — Yushin Precision Equipment — FY2018 Earnings Presentation
30 slides from Yushin's earnings presentation, May 11, 2018
Slide 1: Investors Presentation FY2018
FY2018 Investors Presentation May, 2018 This document contains some estimates of future business performance. Such references should not be taken to be a guarantee. Please note that future performance is subject to various risks and uncertainties, and goals and projections may vary due to changes in
Slide 2: Company Profile
Company Profile Name: Yushin Precision Equipment Co., Ltd. President: Mayumi Kotani Establishment: October, 1973 Capital: 1,985 million yen Number of employees: 683 (Consolidated, as of March 31, 2018) Consolidated net sales: 20,878 million yen (FY2018) Securities code: 6482 (First Section of the TS
Slide 3: Product Lineup (1)
Product Lineup (1) Sales ratio Take-out Robots FRA series HSA series HST series <Traverse type> 74% <Traverse type> <Traverse type> 15,449 Million yen FY2018 RC series YC series TSXA series <Traverse type> <Traverse type> <Side-entry type> SC series ATC series HOP series <Traverse type> <Traverse ty
Slide 4: Product Lineup (2)
Product Lineup (2) Sales ratio Custom-ordered Equipment 11% 2,204 Million yen Flexible In-mold system Gate cutting Palletizing robots module stocker system FY2018 Sales ratio Parts and Maintenance service 15% 3,223 Million yen FY2018 4 May. 11, 2018
Slide 5: Performance and Price of Take-out Robots
Performance and Price of Take-out Robots Performance FRA HSA High-end TSXA HST RC High-cycle series YC High speed High stiffness Multi purpose SC Energy saving Traverse type <5-axis servo driven> For Asian market ATC Energy saving Traverse type HOP <1-axis servo driven> Swing type <Air driven> Price
Slide 6: Company Strength
Company Strength Accurate response to Customers’ request and offering Philosophy high-quality products & Policy Challenge to new business areas High-leveled ratio of overseas sales Global & Global sales and technical support network - largest in Worldwide the take-out robot industry Quick response i
Slide 7: Results for FY2018
Results for FY2018 FY2017 FY2018 Amount Ratio Change* Amount Ratio Change* Mil. Yen % % Mil. Yen % % Net Sales 19,346 100.0 (8.5) 20,878 100.0 7.9 Gross Profit 7,666 39.6 (9.2) 8,461 40.5 10.4 Operating Income 2,112 10.9 (31.5) 2,358 11.3 11.6 Ordinary Income 2,058 10.6 (29.6) 2,432 11.6 18.2 Net In
Slide 8: Summary of FY2018
Summary of FY2018 Analysis of the Results 7.9% increase from the previous FY to 20,878 million yen a) Take-out robots sales increased by 15.2% Y/Y - Increase in number of units sold Net Sales - Strong sales in Asia and in Japan - Strong sales in electronic parts and automotive products b) Custom-o
Slide 9: Forecast for FY2019
Forecast for FY2019 FY2018 FY2019 (Forecast) Interim Full Year Interim Full Year Amount Ratio Amount Ratio Amount Ratio Y/Y* Amount Ratio Y/Y* Mil. Yen % Mil. Yen % Mil. Yen % % Mil. Yen % % Net Sales 9,743 100.0 20,878 100.0 11,000 100.0 12.9 22,000 100.0 5.4 Gross 4,029 41.4 8,461 40.5 4,430 40.3
Slide 10: Forecast for FY2019
Forecast for FY2019 Analysis of the Forecast 5.4% increase from the previous FY to 22,000 million yen a) Take-out robots sales increase by 2% Y/Y - Expand sales of new type Take-out robots Net Sales - Expect strong demands in Asia and Japan - Expect strong demands in automotive and medical related
Slide 11: Sales Breakdown
Sales Breakdown (Millions of Yen) 25,000 25,000 22,000 21,148 20,878 Parts and 20,000 20,000 19,346 Maintenance service 17,909 17,799 Custom-ordered Equipment 15,000 15,000 10,000 10,000 Take-out Robots 5,000 5,000 00 FY2019 FY2014 FY2015 FY2016 FY2017 FY2018 (F) (forecast) Parts and Parts and maint
Slide 12: Sales by Region
Sales by Region (Millions of yen) 25,000 25,000 22,000 21,148 20,878 Others 19,346 20,000 20,000 North America 17,909 17,799 Europe 15,000 15,000 Other Asia 10,000 10,000 China/Taiwan 5,000 5,000 Japan 00 FY2019 FY2019 FY2014 FY2014 FY2015 FY2015 FY2016 FY2016 FY2017 FY2017 FY2018 FY2018 (forecast)
Slide 13: Sales by End User Categories
Sales by End User Categories (Millions of yen) 25,000 25,000 22,000 21,148 20,878 Others 19,346 Medical products 20,000 20,000 17,909 17,799 Optical instruments Containers 15,000 15,000 Sundry products Electrical appliance 10,000 10,000 Electronic parts 5,000 5,000 Automotive products 00 FY2019 19/3
Slide 14: Sales by End User Categories
Sales by End User Categories Others Medical 3% products Disc and 5% optical instruments 6% Automotive products Containers 29% 9% Sundry products 10% Electrical Electronic appliance parts 15% 23% FY2018 Net sales 20,878 million yen 14 May. 11, 2018
Slide 15: Change in Performance
Change in Performance Sales Ordinary Income (Millions of yen) (Millions of yen) 25,000 25,000 10,000 10,000 Sales Ordinary Income 22,000 9,000 9,000 21,148 20,878 19,346 20,000 19,272 20,000 8,000 8,000 17,909 17,799 7,000 7,000 14,721 15,000 15,000 14,240 6,000 6,000 12,369 12,567 5,000 5,000 10,00
Slide 16: Global Network
Global Network Canada<Toronto> Netherlands<Ede> South Korea UK<Birmingham> China<Tianjin, Yantai, Dalian> <Soul> South Korea USA<Ohio> <Daegu> China<Shanghai> USA<California> USA <Rhode Island> China<Chongqing, Wuhan, Suzhou> Japan USA<Texas> USA Spain<Valencia> Turkey<Istanbul> China<Guangzhou> <No
Slide 17: Change in Performance of Subsidiaries
Change in Performance of Subsidiaries (Millions of yen) Invest FY2017 FY2018 FY2019 (forecast) Country Setup ment Operating Net Operating Net Operating Net Sales Sales Sales ratio income income income income income income South Korea 2000.10 100.0% 1,788 202 166) 1,615 213 164) 1,760 162 126) China
Slide 18: Balance Sheets
Balance Sheets <Assets> (Millions of yen) <Liabilities, Net Assets> (Millions of yen) 35,000 35,000 Investments and other assets Notes and accounts 30,000 30,000 payable - trade Intangible assets 25,000 25,000 Other Property, plant and equipment 20,000 20,000 Non-current liabilities Other 15,000 15,
Slide 19: Capital Investment / Depreciation / R&D
Capital Investment / Depreciation / R&D (Millions of yen) Investment Capital Invest Depreciation Depreciation R&DExpenses R&D Expenses 5,000 5,000 Construction in progress 4,000 4,000 for new HQ and factory December, 2015 3,000 3,000 Land acquisition for construction of new HQ and factory July, 2013
Slide 20: Change in Cash Flow
Change in Cash Flow (Millions of yen) 3,000 3,000 Free CF = Operating CF + Investing CF 14/3 1,847 2,000 2,000 1,469 1,153 1,000 1,000 186 00 -1,000 -1,000 -1,288 -2,000 -2,000 -2,887 -3,000 -3,000 FY2019 FY2014 14/3 FY2015 15/3 FY2016 16/3 FY2017 17/3 FY2018 18/3 19/3(予) (forecast) <Change in cash
Slide 21: Medium-term Objectives
Medium-term Objectives Net Sales: 30 billion yen or more Ordinary Income: 5 billion yen or more FY2018 Ordinary Profit ratio: 15 % or more EPS: 75 yen or more Net Sales: 20.8 billion yen (After 1:2 split) Ordinary Income: 2.4 billion yen Ordinary Profit ratio: 11.6 % EPS: 93 yen (Bef
Slide 22: Strategy 1: Enhancement of the Products (1)
Strategy 1: Enhancement of the Products (1) NEW Products : “FRA” Series Active vibration control “INTU LINE” – Yushin’s IoT service New controller based on ergonomic design International safety standard compliance Released in July, 2017 22 May. 11, 2018
Slide 23: Strategy 1: Enhancement of the Products (2)
Strategy 1: Enhancement of the Products (2) Improve efficiency of technical service by utilizing AI and increase quality of technical service <Detecting the error> <Estimating root cause> Yushin FSE recognized AI engine estimates the abnormality of the robot possible cause based on actual repair dat
Slide 24: Strategy 1: Enhancement of the Products (3)
Strategy 1: Enhancement of the Products (3) Predictive Maintenance by FRA (to be released) <Detecting small changes> <Estimating predictor> Constant self-diagnosis finds AI engine estimates predictor any changes based on actual repair data base Detected information Predictive maintenance information
Slide 25: Strategy 1: Enhancement of the Products (4)
Strategy 1: Enhancement of the Products (4) Renewal of WEB Parts Shop Released in April 2018 Expansion of Parts sales by “Attachment automatic design tool” that enable customers to improve their convenience Reduce manual work from order to shipment 25 May. 11, 2018
Slide 26: Strategy 2: Enhancement of the Global Network
Strategy 2: Enhancement of the Global Network Target on the top class companies in the world Win local customers in each counties Increase YUSHIN brand recognition Actively recruit world-class human resources 26 May. 11, 2018
Slide 27: Strategy 3: Cultivation of Human Resources
Strategy 3: Cultivation of Human Resources Cultivation of System Integrator to accommodate various automation needs A wide variety of training High level technical training program, Training program for managers, International training program for staffs Promoting female powers 27 May. 11, 201
Slide 28: ESG
ESG Continued development of energy-saving products Improvement of working environment – Working support term, System of maternity leave and shorter working hours (more than statutory) Enhancement of the board of directors – Revitalization by outside Director/Auditor, Improvement by effectiven
Slide 29: Return to Shareholders
Return to Shareholders (Millions of yen) (%) 1,000 1,000 100 100 Ordinarydividend Ordinary dividend Commemorate Commemorate dividend dividend 900 900 90 090 Totalreturn Total return ratio ratio Consolidated dividend payout ratio target: 800 800 30% or more 80 080 700 700 40th year 70 070 commemorate
Slide 30: Contact: Corporate Planning Department
Contact: Corporate Planning Department (E-mail) irinfo@kyo.ype.co.jp www.ype.co.jp/en/ Notes: This document contains some estimates of future business performance. Such references should not be taken to be a guarantee. Please note that future performance is subject to various risks and uncertainties
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