Hamamatsu Photonics K.k. · TSE:6965
Hamamatsu Photonics K.k — FY2017 Earnings Presentation
29 slides from Hamamatsu Photonics K.k's earnings presentation, November 2017
Slide 1: Hamamatsu financial reporting
Hamamatsu financial reporting Fiscal Year ended September 30, 2017 November 2017 Hamamatsu Photonics K.K. Tokyo Stock Exchange: 6965 www.hamamatsu.com
Slide 2: Notes
Notes This material is not intended to be a solicitation to buy or sell any securities of Hamamatsu Photonics K.K. The information contained in this material is based on data available as of making it. No guarantees, promises are made as to its accuracy or completeness.
Slide 3: Annual Consolidated Performance
Annual Consolidated Performance in million yen FY: October 1-September 30 FY2016 FY2017 FY2018 Revised Forecast compared Year compared Year 2017/5/8 Year with prev. year Plan with prev. year Net Sales 121,852 127,500 130,495 +7.1 % 136,300 +4.4% Gross Profit 61,044 63,700 64,825 68,300 +6.2 % +5.4%
Slide 4: Consolidated Income Statements
Consolidated Income Statements in million yen FY2016 FY2017 FY2018(Plan) FY2019(Plan) FY2020(Plan) Year % 1st Half 2nd Half Year % 1st Half 2nd Half Year % Year % Year % Net Sales 121,852 100.0 64,953 65,542 130,495 100.0 67,700 68,600 136,300 100.0 147,400 100.0 157,400 100.0 Cost of Sales 60,807 4
Slide 5: Sales & Profit (Consolidated)
Sales & Profit (Consolidated) in million yen 180,000 35,000 Sales Profit 160,000 30,000 140,000 25,000 120,000 100,000 20,000 80,000 15,000 60,000 10,000 40,000 5,000 20,000 0 0 FY18 FY19 FY20 FY11 FY12 FY13 FY14 FY15 FY16 FY17 (Plan) (Plan) (Plan) Net Sales(Left) 101,858 98,067 102,156 112,092 120,
Slide 6: Capital Investment (payment based) & Depreciation
Capital Investment (payment based) & Depreciation in million yen 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 FY18’s main capital investment plan 4,000 Miyakoda new building(compaund semiconductor) 2.6 billion yen Toyooka(Electron tube) new building 1.6 billion yen 2,000 0 FY18 F
Slide 7: R & D Expense
R & D Expense in million yen 14,500 10.0% 13,500 12,500 8.0% 11,500 10,500 6.0% 9,500 Compound semiconductor fabrication center 1.8 billion yen 4.0% 8,500 7,500 2.0% 6,500 5,500 0.0% FY18 FY19 FY20 FY16 FY17 (Plan) (Plan) (Plan) R&D 11,873 11,776 14,000 13,500 13,900 R & D (non-cons.) 11,608 11,529
Slide 8: Sales by Region(Consolidated)
Sales by Region(Consolidated) in million yen FY14 FY15 FY16 FY17 Region Year Year Y/Y Share Year Y/Y Share Year Y/Y Share Japan/Do 36,823 37,238 101.1% 30.9% 36,258 -2.6% 29.8% 38,378 +5.8% 29.4% mestic North 31,101 35,135 113.0% 29.1% 32,704 -6.9% 26.8% 33,314 +1.9% 25.5% America Europe 27,682 29,6
Slide 9: Sales by Region(Consolidated)
Sales by Region(Consolidated) FY16 FY17 121,852 million yen 130,495 million yen Other 0.2% Other Asia and Asia and 0.2% China Japan/ China Japan/ 18.5% Domestic 19.6% Domestic 29.8% 29.4% Europe Europe North North 24.7% 25.3% America America 26.8% 25.5% actual rates 1 US dollar : 111.77 yen 1 US dol
Slide 10: Analysis of impact on currency fluctuation in operating income (trial calculation)
Analysis of impact on currency fluctuation in operating income (trial calculation) in million yen Decrease of Increase 30,000 op. income of op. due to fall Increase income Increase Increase of gross Increase of sales due to of SG&A of sales margin(GM) of SG&A Impact on hike of GM expense Impact on e
Slide 11: Sales by Industry & Application（Consolidated）
Sales by Industry & Application（Consolidated） in million yen 60,000 55,000 Medical Instrument (X-CT, Dental Imaging ,PET, Gamma Camera, etc) 50,000 45,000 Semiconductor Instrument 40,000 (Failure Analysis, Stealth Dicing, etc) 35,000 X-ray Nondestructive Inspection, Factory Automation Instrument 30,
Slide 12: Sales by Industry & Application（Consolidated） FY18 Projection
Sales by Industry & Application（Consolidated） FY18 Projection Optical Instrument Information/Communicat Consumer 1.6% ion 0.7% Academic 1.2% Transport Others Research(Neutrino Instrument(Automobile 5.5% Detection, LHC Project) Sensor, Auto-LAN, ITS) 4.8% Nuclear Medical 3.1% Instrument (X-CT, PET, G
Slide 13: Sales by Industry & Application (Consolidated) 1/2
Sales by Industry & Application (Consolidated) 1/2 in million yen FY16 FY17 FY18(Plan) Application March September March September March September 1st Half 2nd Half Year % 1st Half 2nd Half Year % 1st Half 2nd Half Year % Medical Instrument 23,272 22,414 45,686 37.5 24,641 24,132 48,773 37.4 25,255
Slide 14: Sales by Industry & Application (Consolidated) 2/2
Sales by Industry & Application (Consolidated) 2/2 in million yen FY16 FY17 FY18(Plan) Application March September March September March September 1st Half 2nd Half Year % 1st Half 2nd Half Year % 1st Half 2nd Half Year % Measuring Instrument: Radiation Monitoring, Oil Well 3,025 2,602 5,627 4.6 3,1
Slide 15: High-Energy Physics Experiments using Photomultiplier Tubes
High-Energy Physics Experiments using Photomultiplier Tubes Expected Project Name Purpose Place year of first number delivery Neutrino, Proton 82,000 Hyper-Kamiokande Decay Japan 2018 14,000 460 Underground LZ7(7t)/SURF Dark Matter USA 2016 100 135 JUNO(Daya Bay II ) Neutrino China 2016 5,000 KM3NeT
Slide 16: Medium- and long-term vision
Medium- and long-term vision
Slide 17: Structure of Industry using Photonics Technology
Structure of Industry using Photonics Technology Blood Service analysis/ Medical monitoring System Inspection equipment Module Module for inspection equipment Photonic devices Device for inspection equipment Basic research Photonics Technology is for Photonic devices Key Enabling Technology 14
Slide 18: Sustainable growth strategy
Sustainable growth strategy Service ★ ★ ★ Intrapreneurship ★ ★ System ★ ★ Investment to venture capital/ small company ★ ★ Module ★ development speed-up ★ (Rapid-prototype) Photonic devices Advanced ★ ★ applied research Basic research Photonics Technology is for Photonic devices Key Enabling Technol
Slide 19: Competitiveness enhancement
Competitiveness enhancement Service ★ ★ ★ ★ System ★ Venture Capital investment for Opto-semiconductor a new market assembly factory ★ ★ Laser promotion division Module Production enhancement ★ ★ Photonic devices Compound semiconductor Advanced fabrication center ★ ★ applied research M&A for technol
Slide 20: Compound semiconductor fabrication center
Compound semiconductor fabrication center (Infrastructure development for production and technological enhancement) Purpose – As the IR light market is expected to expand, investment to strengthen the production capacity of compound opto- semiconductor’s sensor and light source. Overview – Shinm
Slide 21: Compound semiconductor fabrication center: IR applications and expected effect
Compound semiconductor fabrication center (Infrastructure development for production and technological enhancement) Application of IR – Analysis -Food, Air, Water quality, Gas etc. LED+InGaAs, QCL+InAsSb – Industry -Laser processing, encoder DDL, CWLD for fiber laser pumping, LED – Medical -Gas mo
Slide 22: Opto-semiconductor assembly factory
Opto-semiconductor assembly factory (Production enhancement) Purpose – Production enhancement for opto-semiconductor’s back-end process (assembly and inspection). →It corresponds to increase of demand for sensor and light source for X-ray nondestructive inspection, automobile and industrial equipm
Slide 23: M&A for technological enhancement
M&A for technological enhancement We acquired the technology of Energetiq technology, Inc.. Overview Development, manufacturing and distribution of light source for semiconductor inspection. Laser-Driven Light Source High brightness UV light source LDLS：Laser Driven Light Source A high-techn
Slide 24: Venture Capital investment for a new market
Venture Capital investment for a new market – We invested Lagunita Biosciences LLC from interaction with Stanford University. – Venture capital and incubator for the purpose of technology and marketing. Expand the new application – Prefetch of the market needs – A new market gain – Diversification o
Slide 25: Topics
Topics Copyright © Hamamatsu Photonics K.K. All Rights Reserved
Slide 26: Change of Representative Director (plan)
Change of Representative Director (plan) Change of Representative Director and Officers As of today’s date the Board of Directors has resolved to submit for approval the following changes of representative director and officers to the General Shareholders, the Board of Directors, and the Audit & Sup
Slide 27: Change of Director and Officers (plan)
Change of Director and Officers (plan) The following individuals have been appointed to the Board as Directors: Kazuhiko Mori, presently Audit & Supervisory Board Member Tadashi Maruno, presently Deputy Divisional Manager of Systems Division Takayuki Suzuki, presently Deputy Divisional Manager of So
Slide 28: Improve shareholder returns and capital efficiency
Improve shareholder returns and capital efficiency Purchase of Treasury Stock and Cancellation of Treasury Stock 1. Reasons for the purchase and cancellation of treasury stock Our Company will purchase and cancel treasury stock in order to implement a flexible capital policy to respond to changes in
Slide 29: www.hamamatsu.com
www.hamamatsu.com Copyright © Hamamatsu Photonics K.K. All Rights Reserved
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