Slide 1: Good Start to the Year - 1st Quarter FY2011
SUMIDA CORPORATION GOOD START TO THE YEAR 1st Quarter FY2011 28th April 2011 Presented by CEO – Shigeyuki Yawata & CFO – Saburo Matsuda Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 2: Key Points of Briefing
KEY POINTS OF BRIEFING Financial Performance in 1st Quarter FY2011 Explanation of 1Q business performance Outlook for 2nd Quarter and the rest of FY2011 Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 3: Summary of Consolidated Financial Results
１．Summary of Consolidated Financial Results (Millions of yen) 1Q‐FY2011 1Q‐FY2010 Change % Sales 13,259 12,894 365 2.8 Operating 618 1,025 (406) (39.7) Income Operating 4.7% 8.0% Income Ratio Ordinary 665 786 (121) (15.4) Income Net 419 652 (281) (35.7) Income Copyright© 2011 SUMIDA CORPORATION. All
Slide 4: Sales Analysis
２．Sales Analysis (Millions of Yen/US$/Euro) 1Q- FY2010 1Q- FY2011 Asia-Pacific Local Ex. Yen Local Ex. Yen Ex. Yen Sales Currency Rates equivalent Currency Rates Equivalent Rates equivalent US$ 36.97 90.4 3.342 39.60 82.9 3,279 90.4 3,580 Yen 2,600 1.0 2,600 3,098 1.0 3,098 1.0 3,098 Euro 17.90 128.
Slide 5: Operating Income Analysis
３．Operating Income Analysis （Millions of yen） Asia- EU HQ exp. Total Pacific Operating Income 1Q - FY2010 1,298 281 (555) 1,025 Due to Sales increase 54 129 183 Raw material price increase (180) － (180) Labor costs increase in China (150) － (150) Production Transfer (80) － (80) Euro depreciation (90
Slide 6: Non-operating Income/Expense
４．Non‐operating Income/Expense （Millions of yen） 1Q- FY 2011 1Q- FY 2010 Non ‐operating Dividends & Interests 6 7 Income Received Evaluation Profit from 49 118 Derivatives Forex Gain 146 － Others 9 32 Total 212 158 54 Non‐operating Interests paid 130 147 Expense Forex Loss － 218 Others 36 30 Total 1
Slide 7: Extraordinary Income/Loss
５．Extraordinary Income/Loss 1Q 1Q （Millions of yen） FY 2011 FY 2010 Extraordinary Reversal of 74 － Income Impairment Loss Others 18 0 Total 93 0 93 Extraordinary Loss from Sale of 9 4 Loss Fixed Assets Business 97 － Restructuring exp. Others 54 3 Total 159 8 151 Net (66) (8) (58) Copyright© 2011 SUM
Slide 8: Consolidated Balance Sheet
６．Consolidated Balance Sheet （Millions of yen） 1Q-FY2011 4Q-FY2010 Change % Current Assets 28,889 27,168 1,721 6.3 F i x e d A s s e t s 23,000 22,145 855 3.9 Current Liabilities 32,981 31,318 1,663 5.3 Fixed Liabilities 8,726 9,243 (517) (5.6) Shareholders’ Equity 19,898 19,673 225 1.1 T/A, Minorit
Slide 9: Consolidated Cash Flow
７．Consolidated Cash Flow （Millions of yen） 1Q-FY2011 1Q-FY2010 Cash Flow from Operating Activities (0) 547 Cash Flow from Investing Activities (635) (397) Cash Flow from Financing Activities 457 (712) Cash & Cash Equivalent at end 7,389 8,335 Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 10: 1st Quarter FY2011 - Good Start to the Year in Spite of Tohoku Earthquake
1st Quarter FY2011 – “GOOD START TO THE YEAR” IN SPITE OF TOHOKU EARTHQUAKE Copyright© 2011 SUMIDA CORPORATION. All rights reserved.
Slide 11: On Track for the FY2011 Plan
ON TRACK FOR THE FY2011 PLAN Sales & Operating Income by Quarter 20,000 10.0% 18,000 5.0% 16,000 14,000 0.0% Operating Income Ratio (%) 12,000 Sales (in JPY Ms) 10,000 ‐5.0% 8,000 ‐10.0% 6,000 4,000 ‐15.0% 2,000 0 ‐20.0% 1Q '07 2Q '07 3Q '07 4Q '07 1Q '08 2Q '08 3Q '08 4Q '08 1Q '09 2Q '09 3Q '09 4Q
Slide 12: Performance Trend by Market
PERFORMANCE TREND BY MARKET 1Q Sakes by Market Segment (in JPY Ms) Quarterly Sales Trend by Market Segment (in JPY Ms) 8000 8000 Automotive Consumer Industrial 7000 7000 1Q '11 6000 1Q '10 6000 5000 5000 4000 1Q '10 1Q '11 4000 3000 3000 2000 2000 1Q '10 1Q '11 1000 1000 0 0 Automotive Consumer Indu
Slide 13: Market Highlights – 1Q FY2011
MARKET HIGHLIGHTS – 1Q FY2011 Automotive Consumer Electronics Industrial Demand still driven by Growth moderated by Business outlook in solar strong German economy seasonally weak market market improved in 1Q. and improving situation in China. Further design wins e.g. in EU. Further design
Slide 14: Japan Disasters – Impact to Operation
JAPAN DISASTERS – IMPACT TO OPERATION Immediate impact Almost zero impact to our sales, production etc. Over the next 3 to 5 months Possible cancellation of delivery due to Japan related orders. 6 months and beyond… Uncertain at this moment. Copyright© 2011 SUMIDA CORPORATION. All rights reser
Slide 15: The Coming Months
THE COMING MONTHS 1. Global outlook. Market in China, Europe (particularly Germany) still positive. Situation in USA is improving. 2. Japan outlook. Downward adjustments to manufacturing output is expected, with possible impact on different regions in the world. Considering above two factors, we sti
Slide 16: Disclaimer
Disclaimer The present slides are provided only to serve the purpose of disclosing information in your evaluation of the Company. Final decision on investments or similar decision is left to your absolute discretion. The Company disclaims responsibility or liability for any or all results arising fr