Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2020 Earnings Presentation
23 slides from Harada Industry's earnings presentation, Dec 4, 2020
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2021
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2021 Harada Industry Co., Ltd. December 4, 2020 Securities Code: 6904 https://www.harada.com
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
Slide 3: I. Corporate Overview
|. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network HARADA INDUSTRY OF AMERICA, INC. HARADA INDUSTRIES (EUROPE) LIMITED HARADA INDUSTRIES (MEXICO), HARADA EUROPE R&D CENTRE S.A. DE C.V. DALIAN HARADA INDUSTRY CO., LTD. SHANGHAI HARADA NEW HARADA INDUSTRIES VIETNAM LIMITED AUTOMOTIVE ANTENNA CO., LTD. HARADA Asia-Pacific Ltd. TAIWAN
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support for multi- band antennas including: radio (AM/FM, DAB, and satellite (SDARS)), 4G-LTE, DSRC V2X, and GNSS. Rod Type Antenna Support for multi-band antennas including: radio (AM/FM, DAB, and satellite (SDARS)), 4G- LTE, DSRC V2X, and GNSS. In-Dash
Slide 7: 3. Major Products 2
3. Major Products 2 Amplifier for Screen Type Antenna Film Antenna for DTV Other Integrated Type (Hidden) Antenna Can be integrated beneath plastic roof panel, into spoiler, trunk lid or bumper. Support for multi-band antennas. 7
Slide 8: 3. Major Products 3
3. Major Products 3 Coaxial Cables Connecting antennas and audio units. Routing design, design and development to in-house manufacturing and assembly of components. CCA (Copper Clad Aluminum) Cables The core of braided wire uses aluminum while copper cladded on the outer that enables lighter weight,
Slide 9: II. Financial Results for 2Q FY2020 (Consolidated)
II. Financial Results for 2Q FY2020 (Consolidated) The consolidated cumulative period for the second quarter is from April to September 2020 for the Company and from January to June 2020 for overseas consolidated subsidiaries. 9
Slide 10: 1. Net Sales Trend
1. Net Sales Trend Europe (Hundred millions of yen) North and Central Americas 250 Asia Japan 211 215 213 211 198 203 200 23 22 20 23 19 21 175 152 15 62 66 66 150 12 65 74 64 139 60 14 101 47 100 58 57 46 39 7 53 52 54 33 29 41 32 50 17 63 64 68 72 75 58 60 59 52 42 0 2Q FY2011 12 13 14 15 16 17 18
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2019 2Q FY2020 Increase Previous Current Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: (2,304) 21,182 13,969 - Asia: (1,430) (currency effect: (135)) Net sales (
Slide 12: 3. Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 1,100 815 604 600 541 444 399 340 270 135 100 (400) (465) (900) (1,400) (1,251) 2Q FY2011 12 13 14 15 16 17 18 19 20 Current year 12
Slide 13: 4. Summary of 2Q Consolidated Balance Sheet
4. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2019 Component 2Q FY2020 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 24,884 72.3% 21,242 68.4％ (3,641) Non-current assets 9,553 27.7% 9,830 31.6％ 277 Total assets 34,437 100.0% 31,073 100
Slide 14: 5. Sales Breakdown by Reportable Segments
5. Sales Breakdown by Reportable Segments 2Q FY2019 Europe Previous year 10.9% (Millions of yen) North Previous Current Japan and 35.8% year year Central Americas Increase Impact of Asia 2Q 2Q Net 31.2% 22.1% or foreign FY2019 FY2020 change decrease exchange Japan 7,591 5,287 (2,304) － (2,304) Asia
Slide 15: 6. Consolidated Cash Flow Trend
6. Consolidated Cash Flow Trend (Millions of yen) 4,000 Cash flows from operating activities 3,000 Cash flows from investing activities Cash flows from financing activities 2,000 1,000 0 (1,000) (2,000) (3,000) 2Q FY2011 12 13 14 15 16 17 18 19 20 Current year 2Q FY2011 12 13 14 15 16 17 18 19 20 Op
Slide 16: 7. Depreciation Trend / 8. Research and Development Expense Trend
7. Depreciation Trend (Millions of yen) 700 600 499 528 548 487 500 417 410 430 421 400 368 300 263 200 100 0 2Q FY2011 12 13 14 15 16 17 18 19 20 8. Research and Development Expense Trend (Millions of yen) 1,000 764 821 800 718 759 717 689 656 667 639 600 451 400 200 0 2Q FY2011 12 13 14 15 16 17 1
Slide 17: 9. Number of Employees
9. Number of Employees 1 (People) 6,000 5,396 5,128 4,705 4,835 4,315 4,370 4,411 4,000 3,450 3,553 2,342 2,000 0 2Q FY2011 12 13 14 15 16 17 18 19 20 9. Number of Employees 2 (Regional Breakdown) (People) 6,000 48 Japan Asia North and Central Americas Europe 47 49 48 46 45 49 1,915 1,846 4,000 42 4
Slide 18: 10. Dividend and Stock Price Trend
10. Dividend and Stock Price Trend (Yen) 2,000 15.0 Dividends Stock prices (highest) Stock prices (lowest) 1,500 10.0 10.0 10.0 10.0 7.5 7.5 7.5 7.5 7.5 7.5 1,000 5.0 500 0 0.0 FY2011 12 13 14 15 16 17 18 19 2Q FY2020 Stock Price Trend (Yen) 2Q FY2011 12 13 14 15 16 17 18 19 FY2020 Highest 218 225 3
Slide 19: 11. Foreign Exchange Rate Trend
11. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 300 16.05 16.32 19.73 15.46 16.49 16.66 18 15.69 15.23 250 12.47 15 192.80 200 172.63 12 150.28 138.32 145.77 144.48 136.62 129.77 123.13 132.52 150 9 100 122.49 6 98.61 101.37 102.88 112.00 110.54 107.79 107.74 50 80.73 79.31 3
Slide 20: Reference
Reference HARADA 20
Slide 21: 1. Automobile Manufacturing Trend (Results and Forecasts)
1. Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） （Thousands） 11,000 50,000 10,000 45,000 39,957 9,000 8,336 40,000 8,000 35,000 7,000 7,477 30,000 30,954 6,000 25,000 5,000 20,000 2018 2019 2020 2021 2022 2023 2024 2018 2019 2020 2021 2022 2023 2024 North and Ce
Slide 22: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 3. Copper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 22
Slide 23: HARADA Automotive Antenna Authority
HARAD Automotive Antenna Authority