Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2014 Earnings Presentation
16 slides from Hirose Electric's earnings presentation, Aug 1, 2014
Slide 1: Business Results for First Quarter, FY2014
Business Results for First Quarter, FY2014 Creative Links to World Electronic Aug 1st, 2014 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 FY2014
Business Situation of 1Q FY2014 [FY2013] • 1Q : Good trend in Korean and Chinese Smartphone/Mobile market and Automotive market. And although the trend is not strong, Industrial market shows a sign of recovery. • 4Q : Sluggish Industrial market gradually shows a sign of recovery. In the Smartphone/M
Slide 4: FY2013 1Q – FY2014 1Q Orders and Sales
FY2013 1Q – FY2014 1Q Orders and Sales (Consolidated Basis, Index Number) Total 120 103 104 101 101 99 102 Average of FY2013 = 100 100 98 98 99 95 Korean Smartphone sluggish but Order strong order in Chinese Smartphone. Automotive and General Industrial Sales area continued the good trend 80 1Q 2Q 3
Slide 5: Sales by Markets: Smartphone / Mobile
FY2013 1Q – FY2014 1Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 110 107 103 100 Average of FY2013 = 100 93 97 90 88 Korean Smartphone sluggish 80 1Q 2Q 3Q 4Q 1Q 1Q FY2013 FY2014 2014 Sales 5
Slide 6: Sales by Markets: Automotive
FY2013 1Q – FY2014 1Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 Good trend both in domestic and overseas 110 108 104 102 100 Average of FY2013 = 100 97 91 90 80 1Q 2Q 3Q 4Q 1Q FY2013 FY2014 2014 Sales 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, and Others
FY2013 1Q – FY2014 1Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 120 Steady progress 112 110 104 100 99 100 Average of FY2013 = 100 96 90 80 1Q 2Q 3Q 4Q 1Q 1Q FY2013 FY2014 2014 Sales 7
Slide 8: Business Results for 1Q, FY2014
Business Results for 1Q, FY2014 (hundred millions of Yen) (A) FY2013 1Q (B) FY2014 1Q (B)-(A) (B)/(A) Major Changes over prior same period (hundred millions of Yen) Sales 297.2 309.5 12.3 4.2% [Sales] 12.3 increase (COGS Ratio) (54.8%) (54.5%) (-0.3%) Hirose Japan Subsidiaries (SGA Ratio) (18.0%) (1
Slide 9: Sales and Profit by Quarter
Sales and Profit by Quarter (hundred millions of Yen) 500 40.0% 400 29.3% 29.9% 28.2% 27.7% 30.0% 25.0% 23.8% 23.8% 24.0% 326 20.8% 320 310 308 297 20.0% Sales 300 242 249 231 237 10.0% Recurring 200 Profit 0.0% Recurring -10.0% Profit 87 96 92 86 100 Ratio 73 58 57 58 52 -20.0% 0 -30.0% 1Q 2Q 3Q 4Q
Slide 10: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2014 (B) Jun 30, 2014 (B) - (A) Remark Cash and Cash in Bank 1,262.4 1,271.4 9.0 Increase in Hirose Japan, etc. Trade Receivables 294.7 296.6 1.9 Increase due to sales increase Securities 303.2 287.5 -15.7 Redemption
Slide 11: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2014 (B) Jun 30, 2014 (B) - (A) Remark Notes Payable and Account 113.8 120.3 6.5 Increase increase due to production Payable Income Taxes Payable 78.4 43.6 -34.8 Tax payment Others 123.7 140.4 16.7 Increase in accoun
Slide 12: Sales by Market (Round Number) [Consolidated Basis]
Sales by Market (Round Number) [Consolidated Basis] (Others 21%) (Others 23%) Smartphone/ (FA Controlling Mobile Equipment 2%) Smartphone/ (FA General Phone 33% General Mobile Phone Controlling Industrial (Associated Industrial 38% Equipment Electric 29% Equipment 26% 3%) 3%) FY2013 1Q (Associated E
Slide 13: Sales changes by Market (Round Number) [Consolidated Basis]
Sales changes by Market (Round Number) [Consolidated Basis] 10%down FY2013 16%up 1Q FY2014 1Q 13%up 37%up Communication Digital Computer Office Smartphone General Automotive Tablet / / Mobile Notebook PC Consumer Related Machinery Industrial *2 Electronics Equipment Phone *1 As this is in round numb
Slide 14: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 72 71 70 66 60 61 60 Overseas 47 48 Sales Ratio 50 43 40 Overseas 41 Production 30 Ratio 32 20 10 0 FY2010 FY2011 FY2012 FY2013 FY2014 H26.1Q 1Q 14
Slide 15: Capital Investment and Depreciation Change (Consolidated Basis)
Capital Investment and Depreciation Change (Consolidated Basis) 140 (hundred millions of Yen) 40.0 (%) 120 Capital 120 111 114 35.0 110 Investment 105 30.0 100 88 Depreciation 81 81 25.0 80 20.0 Capital 60 Investment 11.6 15.0 Ratio 40 9.3 9.1 9.2 Depreciation 7.4 10.0 23 Ratio 21 20 8.5 8.4 8.8 5.0
Slide 16: Business Forecast for the Year Ending March 31, 2015 (Consolidated)
Business Forecast for the Year Ending March 31, 2015 (Consolidated) No change from the amount announced on FY2014 May (hundred millions of Yen) FY2013(FY ended Mar 31,2014) FY2014 (FY ending Mar 31,2015) First Half For the Year Actual Forecast Ov er the Prev ious Actual Amount Ov er the Prev ious Ac