Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2012 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Aug 1, 2012
Slide 1: Business Results for First Quarter, FY2012
Business Results for First Quarter, FY2012 Creative Links to World Electronic Aug 1st 2012 Hirose Electric Co.,Ltd 1
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward- looking statements. Thank
Slide 3: Business Situation of 1Q FY2012
Business Situation of 1Q FY2012 [FY2011] • Order level of April were high because of the ahead-of-schedule order influence after the earthquake. However, order level of May and June were sluggish mainly due to the order rebound, and the Automotive production have decrease due to the earthquake. • Re
Slide 4: Orders and Sales Changes (Non-consolidated)
2012 Jan- Jun Orders and Sales Changes (Non-consolidated Basis, Index Number) All Connectors 110 105 Sluggish in Mobile/smartphone 102 100 FY2011 Average = 100 97 96 94 100 97 89 95 90 92 90 Order Upturn due to weak yen 80 84 and good trend in Automotive and Chinese Sales smartphone 70 Jan Feb Mar A
Slide 5: Mobile / Smartphone Orders and Sales Changes
2012 Jan- Jun Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Mobile / Smartphone 110 107 100 FY2011 Average = 100 Sluggish order in existing major 96 customers 90 85 82 83 84 80 85 82 79 69 70 Order increase due to Chinese smartphone 64 66 60 Jan Feb Mar Apr May Jun 2012
Slide 6: Digital Consumer Electronic Orders and Sales Changes
2012 Jan- Jun Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Digital Consumer Electronic 110 Order increase in Digital still 107 camera and Game console 100 FY2011 Average = 100 95 96 90 88 86 81 82 83 82 80 84 73 78 70 Jan Feb Mar Apr May Jun 2012 Order Sales 6
Slide 7: Automotive Orders and Sales Changes
2012 Jan- Jun Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Automotive 150 Continuous high Mostly steady except for level of order and the slight adjustment for 140 sales European order 132 130 128 129 130 125 120 120 126 123 122 123 108 119 110 100 FY2011 Average = 100
Slide 8: Associated Electric Equipment, FA Controlling Device, and Others
2012 Jan- Jun Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 120 Gradual recovery, Gradual recovery but not as 110 seen expected 100 98 98 96 100 FY2011 Average = 100 90 89 92 93 92 82 87 80 83 78 70 Jan Feb
Slide 9: Orders and Sales Changes (Consolidated)
2012 Jan- Jun Orders and Sales Changes (Hirose Consolidated Basis, Index Number) Consolidated Sales / Order 120 Hirose Korea continues the good trend 110 105 104 100 99 100 Average of FY2011 = 100 94 104 97 98 97 90 89 93 Upturn due to weak yen and good trend in Order 86 Automotive, Chinese 80 smart
Slide 10: Business Results for 1Q FY2012
Business Results for 1Q FY2012 (unit:hundred millions of Yen) (A)FY2011 (B)FY2012 (B)-(A) (B)/(A) Major changes over prior same period 1Q 1Q (unit: hundred millions of Yen) [Sales] 17.5 decrease Sales 248.4 230.9 -17.5 -7.1% Hirose Oversea subsidiary Hirose Korea (COGS Ratio) (56.6%) (56.7%) (+0.1%)
Slide 11: Quarterly Sales and Profits
Quarterly Sales and Profits (hundred millions of Yen） 500 50.0% 40.0% 400 29.1% Sales 27.3% 30.0% 25.6% 24.3% 25.0% 23.5% 300 20.7% 18.0% 17.1% 20.0% 241 248 243 234 231 231 Recurring 225 224 225 Profit 10.0% 200 0.0% Recurring Profit Ratio 100 68 66 64 59 53 48 58 -10.0% 40 39 0 -20.0% FY2010 FY201
Slide 12: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2011 (B)Jun 30, 2012 (B) - (A) Remark Cash and Cash in Bank 1,077.0 1,101.8 24.8 Increase in Hirose and domestic subsidiary Trade Receivables 233.4 231.2 -2.2 Inventories 71.9 70.5 -1.4 Investment Securities 590.1 562
Slide 13: Changes in Consolidated Balance Sheet (Liabilities and Equity)
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2011 (B)Jun 30, 2012 (B) - (A) Remark Notes Payable and Account 104.2 113.1 8.9 Purchase increase due to production increase Payable Income Taxes Payable, etc 32.1 22.0 -10.1 Decrease due to tax payment Others 82.6 88
Slide 14: Sales by Market
Sales by Market (round number) Others 22% FA Mobile Others Controlling Phone 28% Equipment 21% 27% Mobile Phone 3% 30% 26% NotebookPC FY2011 28% FY2012 3% 28% 1Q Office 1Q Machinery Inside circle: non- 3% Inside circle: non- Office consolidated sales 3% Machinery consolidated sales Outside circle: N
Slide 15: Sales Changes by Markets (Consolidated basis)
Sales Changes by Markets (in round numbers) [Consolidated basis] 80 18%down 19%down FY2011 1Q 43%up FY2012 1Q 0 Mobile Digital Wireless *2 Cable Office Industrial Phone Consumer Communication Communication Machinery and others Electronics FA Computer Associated Notebook Controlling Automotive Relate
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 60 61 61 60 59 56 52 Overseas 50 Sales Ratio 43 41 40 36 32 32 34 Overseas 30 Production Ratio 20 10 0 FY2007 FY2008 FY2009 FY2010 FY2011 H24.1Q FY2012 1Q 16
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Domestic Consolidated Basis) (hundred millions of Yen) (%) 80 40.0 75 66 68 66 Capital 70 35.0 62 62 Investment 60 56 30.0 50 25.0 Depreciation 44 40 20.0 Capital 30 15.0 Investment 7.8 Ratio 20 6.7 7.2 7.6 10.0 13 5.6 11 Depreciation 10 6.1 6.5 6.7 5.0 Ra
Slide 18: Business Forecast for the Year Ended March 31, 2013
Business Forecast for the Year Ended March 31, 2013 note) First Half - 1Q & 2Q, Second Half - 3Q & 4Q (hundred millions of Yen) First Half Second Half For the Year FY2011 (Actual) FY2012 (Forecast) Over the Previous Actual Amount Over the Previous Actual Amount Over the Previous Actual Amount Second