Smk Corporation · TSE:6798
Smk — FY2015 1H Earnings Presentation
24 slides from Smk's earnings presentation, Oct 30, 2015
Slide 1: Business Report for FY2015
Business Report for FY2015 Oct 30,2015 1/24
Slide 2: FY2015 Outline of 1H Financial Statement
FY2015 Outline of 1H Financial Statement Executive Vice President and CFO Kohei Ogaki 2/24
Slide 3: Consolidated Financial Result
<Consolidate>Financial Result FY2014 FY2015 （Unit: Million yen) 4-9 4-9 Sales +22.2% Income Amount 40,000 39,315 4,000 32,171 +128.4% 2,879 30,000 3,000 2,420 2,572 2,077 20,000 2,000 1,678 1,125 10,000 1,000 0 0 Net Sales Operating Income Ordinary Income Net Income 3/24
Slide 4: Consolidated Operating Expenses
<Consolidate> Operating Expenses FY2014 FY2015 4-9 4-9 ( ):Sales Ratio （Unit ：Million yen） 31,046 36,743 40,000 Material costs (96.5%) (93.5%) Amount paid to subcontractors Labor costs Expenses 30,000 49.6% Depreciations 19,492 Material cost & amount paid to 50.4% 16,206 subcontractors Improved 1.
Slide 5: Consolidated Analysis of Sales Expenses
<Consolidated>Analysis of Sales Expenses Analysis of factors for increase/decrease （Unit ：Million yen） of consolidated operating income ［ FY2014 4-9 vs FY2015 4-9 ］ Total +1,447Million yen 5,000 In crease in Increase in Labor costs material costs and and Expenses amount paid to and subcontractors De
Slide 6: Progress in Sales & Income (1Q, 2Q)
<Consolidated> Progress in Sales & Income (1Q,2Q) FY2015 FY2015 （Unit：Million yen） 4-6 7-9 Net Sales （Result） （Result） Operating 1Q Average rate 2Q Average rate Profit 25,000 ¥121.35/$ ¥121.74/$ 3,000 20,351 18,964 20,000 +60.1% 2,000 15,000 1,583 10,000 989 1,000 5,000 0 0 Net Sales Operating Profi
Slide 7: Consolidated Non-Operating Profit & Loss
<Consolidated> Non-Operating Profit & Loss FY2014 FY2015 （Unit：Million yen） 4-9 4-9 ( ): Percentage 1,295 307 to sales amount 1,500 (4.0%) (0.8%) Exchange profit/loss Revenues from and expenditure to fixed assets 1,000 Financial account balance 978 Others 500 Exchange rate fluctuations -1,073 millio
Slide 8: Consolidated Extraordinary Gain or Loss
<Consolidated> Extraordinary Gain or Loss FY2014 FY2015 （Unit：Million yen） 4-9 4-9 ( ): Percentage 11 -134 to sales amount 300 Gain from revaluation investment securities 107 150 Gain on reversal of subscription 90 112 rights to shares (Branch in Europe) 20 0 9 20 -10 Associated company organization
Slide 9: Consolidated Segment Information
<Consolidated> Segment Information （Unit：Million yen） FY2015 4-9 Reporting Segment Other(*) TOTAL CS Div. FC Div. TP Div. Total Net Sales 14,118 17,787 7,356 39,261 54 39,315 Segment gain or loss (Operating Deficit) 1,292 267 1,045 2,604 -32 2,572 FY2014 4-9 Reporting Segment Other(*) TOTAL CS Div.
Slide 10: Consolidated Revised Financial Estimate
<Consolidated> Revised Financial Estimate ・Consolidated Financial Estimate Top ： Compared to Net Sales Bottom： Compared to FY2014 Announcement Operating Ordinary Net Sales Net Income Date Income Income Million yen % Million yen % Million yen % Million yen % 2015/4/27 100.0 4.2 5.2 4.0 73,300 3,100 3
Slide 11: Consolidated Financial Result (Forecast)
<Consolidated> Financial Result FY2014 FY2015 （Unit：Million yen） （Forecast） +14.7% Net Sales Income 80,000 76,000 8,000 66,230 60,000 +98.7% 6,000 4,894 4,800 4,200 40,000 3,500 4,000 2,113 1,982 20,000 2,000 0 0 Net Sales Operating Income Ordinary Income Net Income 11/24
Slide 12: Half Term Performance
<Consolidate> Half Term Performance （Unit：Million yen） FY2014 FY2014 FY2015 FY2015 4-9 10-3 4-9 10-3 Net Sales 39,315 （Forecast） Income 40,000 36,685 4,000 34,059 32,171 30,000 2,879 3,000 2,474 2,572 2,420 2,077 1,921 20,000 2,000 1,678 1,628 1,423 1,125 988 10,000 1,000 304 0 0 Net Sales Operating
Slide 13: Consolidated Cash Position
<Consolidated> Cash Position （Unit：Million yen） 2015/3 2015/9 Differential （Ａ） （Ｂ） （Ｂ-Ａ） Assets 65,029 71,076 6,046 Cash and cash equivalents 10,182 12,613 2,430 Accounts receivable 16,979 18,858 1,878 Inventories 6,422 7,212 789 Fixed assets 27,696 27,652 -43 Liabilities 30,842 36,556 5,713 Account
Slide 14: Consolidated Cash Flow Position
<Consolidated> Cash Flow Position （Unit：Million yen） FY2014 4-9 FY2015 4-9 Cash Flow from operating activities 1,937 2,451 Working capital -93 -1,664 Income before income taxes 2,431 2,745 Depreciation 1,609 1,847 Others -2,010 -477 Cash Flow from investing activities -1,862 -2,908 Free Cash Flow 75
Slide 15: Annual Dividend
Annual Dividend End of the second End of year Annual quarter 9.00 yen FY2014(Result) 5.00 yen (Commemorative 14.00 yen dividend 4.00 yen) FY2015(Result) 6.00 yen ― ― FY2015(Plan) ― 6.00 yen 12.00 yen 15/24
Slide 16: FY2015 Prospect
FY2015 Prospect President and COO YASUMITSU IKEDA 16/24
Slide 17: Net Sales by Product Div. (FY2012-FY2015)
Net Sales by Product Div. (FY2012-FY2015) Unit : Million yen 115% 102% 80,000 ( )：Composition ratio 74,500 76,000 66,230 134 328 70,000 65,796 15,101 14,041 134 118 92% 60,000 54,475 15,184 15,808 251 50,000 9,923 32,844 34,261 40,000 137% 22,438 25,027 18,803 30,000 20,000 25,498 27,416 25,901 26,4
Slide 18: Operating Income by Product Div. (FY2012-FY2015)
Operating Income by Product Div. (FY2012-FY2015) Unit : Million yen Income ratio = Income/Net sales 5.5% 5,000 4.3% 4,200 3.5% 3.2% 4,000 3,200 2,330 2,113 1,756 3,000 24 32 6 -1.6% 1,866 1,627 291 2,000 1,909 -853 40 1,000 2,362 44 1,403 1,501 12 921 0 521 -963 -723 -1,430 -208 -1,000 -2,000 FY2012
Slide 19: Reference: Net Sales by Market (FY2012-FY2015)
Reference :Net Sales by Market (FY2012-FY2015) 115% Unit : Million yen Income ratio = Income/Net sales 80,000 76,000 66,230 2,300 141% 70,000 65,796 1,285 1,634 18,200 115% 60,000 54,475 14,046 15,765 1,090 50,000 11,281 20,600 107% 40,000 18,252 19,341 10,689 30,000 7,425 8,825 9,131 14,900 163% 20
Slide 20: Topics 1: Implementation of Front Loading (Number of Tasks)
Topics 1:Implemention of Front Loading Number of Task Previous style 25 Front-loading of tasks Number of task 20 15 10 5 0 DR Basic DR Design DR Pre- DR Mass- Planning DR0 0 design DR1 verification 1 DR2 2 Production DR3 3 Production test ※DR･･･Design Review 20/24
Slide 21: Topics 1: Implementation of Front Loading
Topics 1:Implemention of Front Loading Front Loading Design 3D-CAD Simulation 3D Printer Review Technologies ・Conducted at ・Adopted 3D-CAD ・Build properties ・Early detection the concept, in design of molds and other factors of problem design, design and automated into the initial ・Developing new pro
Slide 22: Topics 2: TEXPO2015
Topics 2：TEXPO2015 Term: Nov.4 2015(Wed) – Nov.6 2015(Fri) Place: SHINAGAWA GOOS Theme: CREATIVE CONNECTIVITY もっと 創造的 に、も っと繋 がる 更 富 创 意 更 多 连 通 22/24
Slide 23: Topics 2: TEXPO2015
Topics 2:TEXPO2015 Small Component RF/High Speed Overseas R&D Transmission site Efforts Future Production Technology Technology and Evaluation Technology Network High Technology SMK Brand Products Automotive Human Interface Ecology 23/24
Slide 24: Notice
Notice All information in this material concerning the forecast of business achievements, projections of general business conditions and our business strategies is dependent on our conclusion made to a normally foreseeable extent applying information reasonably accessible to us at the time of prepar