Fujikura Ltd · TSE:5803
Fujikura — Q3 FY2017 Earnings Presentation
21 slides from Fujikura's earnings presentation, Feb 2, 2018
Slide 1: 3Q FY2017 Financial Results
3Q FY2017 Financial Results Fujikura Ltd. February 2, 2018
Slide 2: Contents
Contents 1. Review of 3Q FY2017 Financial Results and FY2017 Forecasts 2. By Segment 3. Shareholder Return 1
Slide 3: 1. Review of 3Q FY2017 Financial Results and FY2017 Forecasts
1. Review of 3Q FY2017 Financial Results and FY2017 Forecasts 2
Slide 4: 3Q FY2017 Financial Results and FY2017 Forecasts
3Q FY2017 Financial Results and FY2017 Forecasts （Unit：Yen in billion） FY2017 FY2016 FY2017 （Forecasted on October, 27） 1-3Ｑ Full Year 1-3Ｑ Full Year FY2017 Net Sales 481.4 653.7 564.8 730.0 730.0 Operating Income 25.9 34.2 29.8 35.0 38.0 Ratio of Operating Income to 5.4 5.2 5.3 4.8 5.2 Net Sales（%）
Slide 5: Review of 3Q FY2017 Results and Full Year Forecasts
Review of 3Q FY2017 Results and Full Year Forecasts [YoY basis] Net sales increased on a YoY basis owing to the increase of demand in each in- house company and effects of depreciation of the yen against foreign currencies and rise in copper price. Operating income and ordinary income increased
Slide 6: 3Q FY2017 Contributing Factors to Net Sales Change
3Q FY2017 Contributing Factors to Net Sales Change（year-on-year basis） Net Sales （Unit：Yen in billion） Automotive Other Electronics Products +0.9 Power & Business Telecommunication +13.3 Systems Effects of +32.2 Copper Effects of Price +5.7 Forex +15.6 +15.3 564.8 481.4 83.4 higher than 3Q FY2016 3Q
Slide 7: 3Q FY2017 Contributing Factors to Operating Income Change
3Q FY2017 Contributing Factors to Operating Income Change（year-on-year basis） Operating Income （Unit：Yen in billion） Electronics Automotive Business Products Change of Other depreciation Effects of +0.8 +4.4 method Forex (5.1) +1.7 +1.9 29.8 25.9 3.8 higher than 3Q FY2016 3Q FY2016 3Q FY2017 Accumul
Slide 8: 3Q FY2017 Extraordinary Profit and Loss
3Q FY2017 Extraordinary Profit and Loss （Unit：Yen in billion） FY2016 FY2017 1-3Ｑ Full Year 1-3Ｑ Operating Income 25.9 34.2 29.8 Share of other comprehensive income of entities accounted for using equity method 0.5 1.0 1.2 Ordinary Income 24.1 32.5 29.8 [1-3Q FY2016] Extraordinary Income 0.3 0.6 0.7
Slide 9: Consolidated B/S (1)
Consolidated B/S (1) （Unit：Yen in billion） As of March As of Dec. Change 31, 2017 31, 2017 〈Assets〉 588.6 662.6 +74.0 Current Assets 296.5 350.8 +54.2 Cash and Deposits 31.7 36.0 +4.2 Notes and Account Increased due to the sales 148.9 166.6 +17.7 Receivable increase in total and sales peak of Electr
Slide 10: Consolidated B/S (2)
Consolidated B/S (2) （Unit：Yen in billion） As of As of Dec. March 31, Change 31, 2017 2017 Total 588.6 662.6 +74.0 （Treasury Stock） ((5.9)) ((6.3)) ((0.4)) Increased purchase of stock according to the sales peak of 〈Liability〉 364.0 409.1 +45.0 Electronics Business Company in 3Q Notes and Account 77
Slide 11: 2. By Segment
2. By Segment F Fujikura
Slide 12: Financial Results and Forecasts by Segment
Financial Results and Forecasts by Segment （Unit：Yen in billion） Net Sales Operating Income and Ratio of Operating Income to Net Sales 1-3Q 1-3Q FY2017 1-3Q 1-3Q FY2017 Segment FY2016 FY2017 Change Full Year FY2016 FY2017 Change Full Year Results Results Forecasts Results Results Forecasts Power & 1
Slide 13: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1-3Q FY2017, both net sales and operating income increased owing to rise of copper price and effects of forex. In the full-year forecast, both net sales and operating income are projected to increase. （Unit：Yen in billion） Net sales and Ratio of Opera
Slide 14: Electronics Business Company
Electronics Business Company In 1-3Q FY2017, both net sales and operating income increased on a YoY basis owing to the strong demand for FPCs and connectors in smartphone application. In the full-year forecast, both net sales and operating income are projected to increase. （Unit：Yen in billion） Ne
Slide 15: Automotive Products Company
Automotive Products Company In 1-3Q FY2017, net sales increased on a YoY basis owing to launching of new model. However, operating income decreased due to the rise in costs in East European production sites in 1H. In the full-year forecast, net sales is projected to increase but operating income i
Slide 16: Real Estate Business Company
Real Estate Business Company Revenues from leasing real estate properties continue to contribute to consolidated operating income. （Unit：Yen in billion） Net sales and Ratio of Operating Income to Net Sales Real Estates Ratio of Operating Income to Net Sales Stable revenues from leasing properties
Slide 17: CAPEX and Depreciation
CAPEX and Depreciation （Unit：Yen in billion） FY2016 FY2017 FY2017 Forecasts 1-3Q FY2016 1-3Q （May 9） CAPEX 29.6 45.6 30.7 48.0 （for manufacturing business） 29.3 37.0 29.9 46.0 （for real estate business） 0.3 8.5 0.8 2.0 Depreciation Cost 20.9 27.5 20.3 28.5 （for manufacturing business） 19.7 25.7 18.8
Slide 18: 3. Shareholder Return
F Fujikura 3. Shareholder Return
Slide 19: Profit Return
Profit Return Basic Policy of FY2020 Mid-term Dividend payout ratio 20% or higher FY2017 Forecasts Dividends 14.0 yen per share （Interim 7.0 yen per share, Year-end 7.0 yen per share, 4.0 billion yen） FY2016 Result 10.0 yen per share （Interim 5.0 yen per share, Year-end 5.0 yen per share） （4.0 y
Slide 20: Contact
Special Notes: Statements in this presentation that relate to future results and events (including statements regarding Fujikura’s revenue and earnings guidance) are based on Fujikura’s current expectations. Actual results in future periods may differ materially from those currently expected because
Slide 21: 3Q FY2017 Financial Results Appendix: Net Sales and Operating Income by Segment
【3Q FY2017 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecasts by Segment Unit: Yen in billion FY2017 released FY2016 FY2017 on October Full 4Q 2H Full Year Full Year 1Q 2Q 3Q 4Q 1H 2H 1Q 2Q 3Q 1H Year Est. Est. Est. Forecasts Power Systems 45.1 46.3