Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2016 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Nov 1, 2016
Slide 1: Business Results for Second Quarter, FY2016
Business Results for Second Quarter, FY2016 Creative Links to World Electronic Nov 1st, 2016 Hirose El Hi Electric ti 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 2Q FY2016
Business Situation of 2Q FY2016 [[1Q FY2016 (Apr ( p – Jun)] )] • Smartphone market orders had slightly exceeded expectation for Chinese market, etc. Automotive market trend was stable. Industrial market sales started weak weak, but ended with a upward trend. trend [2Q FY2016 (Jul – Sep)] •Total inc
Slide 4: FY2015 1Q – FY2016 2Q Orders and Sales
FY2015 1Q – FY2016 2Q Orders and Sales (Consolidated Basis, Index Number) Total 120 103 104 102 101 100 103 Average of FY2015＝100 FY2015 100 98 100 101 94 92 94 Order 92 Total sales turned upward in the latter S l Sales half (Sep index: 103) 80 1Q Q 2Q Q 3Q Q 4Q Q 1Q Q 2Q Q 2Q FY 2015 FY 2016 4
Slide 5: Sales by Markets: Smartphone / Mobile
FY2015 1Q – FY2016 2Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 103 105 104 99 100 A Average off FY2015＝100 FY2015 100 86 92 80 Due to increase in China, etc. 60 1Q 2Q 3Q 4Q 1Q 2Q 2Q FY 2015 FY 2016 S ales 5
Slide 6: Sales by Markets: Automotive
FY2015 1Q – FY2016 2Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 104 101 102 100 94 Average of FY2015 FY2015＝100 100 96 95 Monthly index Jul: 86, Aug: 98, Sep: 103 80 1Q 2Q 3Q 4Q 1Q 2Q 2Q FY 2015 FY 2016 S ales 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, Others
FY2015 1Q – FY2016 2Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment Equipment, FA Controlling Device, and Others 120 106 102 99 100 Average of FY2015 FY2015＝100 100 97 95 96 Monthly index Jul: 95, Aug: 100, Sep: 103 80 1Q 2Q 3Q 4Q 1Q 2Q 2Q FY 2015 FY 2016 Sales 7
Slide 8: Business Results for 2Q, FY2016
Business Results for 2Q, FY2016 note) green it alic s : announc ed on Apr 2016 (hundred m illions of Yen) Major c hanges ov er prior s ame period . (A) FY2015 (A) FY2016 (B)-(A) (B) (A) (B)/(A) (unit : hundred millions of Y en) 1Q & 2Q 1Q & 2Q [Sales] 40.5 decrease 560.0 Hirose Subsidiaries Sales 61
Slide 9: Sales and Profit by Half-Year
Sales and Profit by Half-Year (hundred millions o f Yen) 900 40% 800 29.6% 28.4% 27 27.2% 2% 27 26.0% 27.3% 3% 30% 700 24.5% 23.3% 25.1% 22.3% 633 624 633 Sales 617 612 591 572 600 20% 492 Recurring 500 468 Profit 10% 400 Recurring Profit Ratio 300 0% 183 165 178 172 167 200 138 144 114 110 -10% 100
Slide 10: Sales Changes by Application
Sales Changes by Application (round number) [Consolidated Basis] 6%down 6%down FY2015 1H 1%down FY2016 1H 0 Smartphone Digital Tablet/ Computer Office General Automotive /Mobile Phone Industrial Consumer Notebook Related Machineryy Electronics PC Equipment Communication *2 *1 As this is in round num
Slide 11: Sales by Application (Consolidated Basis) FY2016 1H
Sales by Application (round number) (Consolidated Basis) Smartphone/ (Others 23%) (Others 23%) Mobile Phone Smartphone/ Mobile Phone 29% General 29% General (FA Controlling Industrial FY2016 2016 Industrial FY2015 Equipment 3%) 30% 1H (FA Controlling 30% 1H Equipment 2%) (Associated Electric (Associ
Slide 12: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 73 72 72 71 70 66 60 Overseas Sales R ti Ratio 48 50 47 45 44 45 Overseas 40 Production Ratio 30 20 10 0 FY2012 FY2013 FY2014 FY2015 H28.1Q 1H FY2016 12
Slide 13: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2016 (B) Sep 30, 2016 (B) - (A) R Remark k Increase due to redemption of Cash and 1,647.5 1,772.6 125.1 government bond, etc. Cash in Bank Increase due to sales increase in Trade 273.4 284.6 11.2 September Receivable
Slide 14: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31 31, 2016 (B) Sep 30 30, 2016 (B) - (A) Remark Not es P ay able and A c c ount P ay able 112.4 111.2 -1.2 Income Taxes Payable 38.8 42.4 3.6 Tax payment Others 156.4 158.0 1.6 Total Liabilities 307.6 311.6 4.0 Retained
Slide 15: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) (hundred millions of Yen) (%) 140 140 118 118 40.0 120 114 Capital 110 110 111 Investment 100 30.0 Depreciation 81 80 72 20.0 Capital 60 Investment 12.5 12.6 Ratio 40 9.4 9.8 34 9.1 Depreciation 10.0 Ratio 20 8.7 9.2 8.8 7.2 5.9 0 0.0 F
Slide 16: Number of Employees
Number of Employees (Financial Report Basis) (Employees) 6000 5020 5000 4190 4303 3966 4044 4000 Overseas 3000 4010 Domestic 3128 3207 2972 3035 2000 1000 1010 994 1009 1062 1096 0 2013Mar 2014Mar 2015Mar 2016Mar 2016 Sep 16
Slide 17: Distribution of Shareholders
Distribution of Shareholders 100% 13.66 14.77 15.26 12.62 12.62 Treasury 90% 4.52 4.44 S Stocks 5.98 4.61 4.36 80% Individual and 70% Others 60% 40.38 40.55 41.15 42.57 42.34 Foreign Corporation 50% Other 40% Corporation p 13.56 13.20 12.96 13.54 13.53 30% Securities Firm 0.32 0.66 0.81 0.59 0.60 20
Slide 18: Business Forecast for the Year Ending March 31, 2017
Business Forecast for the Year Ending March 31, 2017 (Consolidated) No change g from g guidance announced on April p 28th 2016 Currency rate as of 3Q : １US$=102.5 yen (from105 yen), １€＝113.5 yen (from 115 yen) , 100Won=9.10 yen (from 9.20 yen) (hundred millions of Yen) FY2015 (FY ended Mar 31, 2016)