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. ◎Reco
Slide 4: 2012 Jan-Jun 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 J an Feb Mar
Slide 5: Mobile / Smartphone
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 96 major customers 90 85 83 84 82 80 85 82 79 Order increase due to 69 70 Chinese smartphone 64 66 60 Jan Fe b Mar Apr May Ju n 201
Slide 6: Digital Consumer Electronic
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 Fe b Mar Apr May Ju n 2012 O rde r S ale s 6
Slide 7: Automotive
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 the slight adjustment for 140 and 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 Gradual recovery, but not recovery seen 110 as expected 100 98 98 96 100 FY2011 Average = 100 89 90 93 92 92 82 87 80 83 78 70 Jan Fe
Slide 9: 2012 Jan-Jun 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 ( u n it:h u n dre d millio n s o f Ye n ） Majo r changes over prior same （A)FY2011 （B)FY20 12 (B)-(A) (B)/(A) period 1Q 1Q (unit: hundred millions of Yen) Sales 248.4 230.9 -17.5 -7.1% [Sales] 17.5 decrease Oversea Hirose subsidiary Hirose Korea (COGS Ratio) （5 6.6％ ）
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% 25.0% 23.5% 24.3% 300 20.7% 18.0% 17.1% 20.0% 248 Recurring 241 243 234 225 231 225 231 Profit 224 10.0% 200 Recurring 0.0% Profit Ratio 100 68 66 64 59 53 58 -10.0% 40 48 39 0 -20.0% F Y 2 0 1 0
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 subsidiary in Hirose and domestic Trade Receivables 233.4 231.2 -2.2 Inventories 71.9 70.5 -1.4 Investment Securities 590.1 562.3
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 Not es P a y a ble a n d A ccount 104.2 113.1 8.9 Purchase increase due to production increase P a y a ble Income Taxes Payable, etc 32.1 22.0 -10.1 Decrease due to tax payment Othe
Slide 14: Sales by Market
Sales by Market (round number) Others 22% Ot he r s FA Mobile 28 % Mo bil e Controlling Phone Ph o ne Equipment 21% 27% 3% FY2011 3 0% Not eboo kP 2 8% 26% FY2012 C 2 8% 1Q 3% Inside circle: non- Office Machinery 1Q Offi c e consolidated sales 3% Mach i n er y Inside circle: non- Outside circle: 3%
Slide 15: Sales Changes by Markets (Consolidated basis)
Sales Changes by Markets (in round numbers) 〔Consolidated basis〕 80 18%down 19%down FY 2 0 1 1 1 Q FY 2 0 1 2 1 Q 43%up 0 Mobile Digital Wireless ※２ Cable Office Industrial Phone Consumer Communication Communication Machinery and others Electronics FA Computer Associated Notebook Controlling Automot
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 60 61 61 60 59 56 52 Overseas 50 Sales 43 41 Ratio 40 32 32 34 36 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 75 40.0 70 66 68 66 35.0 62 62 Capital Investment 60 56 30.0 50 25.0 Depreciation 44 40 20.0 Capital 30 15.0 Investment Ratio 20 7 .8 7 .2 7 .6 10.0 6 .7 13 5 .6 11 Depreciation Ratio 10 6 .1 6
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 ( hu n dred millio n s o f Ye n ) First 中間期 Half Second 下期 中間期 下期 Half For年間 the Year FY2011 (Actual) FY2012 (Forecast) Over the Previous Actual Amount Over the Previous Actual Amount Over the Previ