EIZO Corporation · TSE:6737
EIZO — FY2006 Earnings Presentation
13 slides from EIZO's earnings presentation, 2007
Slide 1: Consolidated Financial Highlights
Consolidated Financial Highlights Fiscal Year Ended Mar 31, 2007 New R&D center Mar 28, 2007 Open
Slide 2: Disclaimer Regarding Forward-looking Statements
Disclaimer Regarding Forward-looking Statements Any statements in this document, other than those of historical fact, are forward-looking statements about the future performance of Eizo and its Group companies, which are based on management’s assumptions and beliefs in light of information currently
Slide 3: Consolidated Statements of Income
Consolidated Statements of Income (millions of JPY ) FY2006 FY2005 to FY2005 FY2006 FY2006 change Thousands of USD Net sales 85,057 100.0 95,611 100.0 12.4% 810,263 Gross Profit 22,997 27.0 25,010 26.2 8.8% 211,958 Operating Income 11,879 14.0 11,656 12.2 (1.9%) 98,780 Ordinary income 11,980 14.1 11
Slide 4: Net Sales by Products
Net Sales by Products billions of JPY Others 3Y Plan 120.0 Amusement Monitors 115.0 Monitors for Computer use 95.6 100.0 14.1 100.0 6.4 91.0 5.1 4.6% 5.7 (6.6%) 85.0 80.0 5.2 12.4% 47.5 45.3 48.7 51.1 60.0 43.5 40.0 48.3 53.4 20.0 36.6 36.2 39.3 0.0 FY2004 FY2005 FY2006 FY2007Plan Increase of sales
Slide 5: Net Sales (LCD Monitors)
Net Sales(LCD Monitors) Actual Plan 3Y Plan billions of JPY 60.0 50.0 40.0 22.8% 8.5% (1.0%) 30.0 53.4 48.3 20.0 39.3 36.6 36.2 10.0 0.0 FY2004 FY2005 FY2006 FY2007Plan Monitors sales is increasing because of a strong transition to larger sizes and Widescreen monitors. Sales of medical and graphics
Slide 6: Net Sales (Amusement Monitors)
Net Sales(Amusement Monitors) Actual Plan 3Y Plan billions of JPY 60.0 50.0 17.3% (10.5%) (11.4%) 40.0 30.0 48.7 51.1 43.5 45.3 47.5 20.0 10.0 0.0 FY2004 FY2005 FY2006 FY2007Plan Sales of popular models continue positively. Providing models with 3D-viewing capability and other unique sales points. 5
Slide 7: Net Sales (LCD-TV)
Net Sales(LCD-TV) Actual Plan 3Y Plan millions of JPY 6,000 5,000 4,000 3,000 5,300 2,000 192.9% 2,500 1,000 61.2% 32.3% 529 853 0 400 FY2004 FY2005 FY2006 FY2007Plan After the successful release of 3 new models FORIS.TV have been increasing. Providing a focal point for direct sales EIZO opened the
Slide 8: Net Sales (Direct Sales)
Net Sales(Direct Sales) Actual Plan 3Y Plan billions of JPY 8.0 7.0 6.0 46.1% 5.0 26.7% 4.0 7.5 7.5 3.0 5.1 2.0 4.0 1.0 0.0 FY2005 FY2006 FY2007Plan Increasing sales because of releasing new Widescreen monitors. Improving recognition of the EIZO Direct website, releasing specific models for exclusiv
Slide 9: Operating Income
Operating Income billions of JPY Actual Plan 3Y Plan Operating Income/Net Sales 16.0 16.0% 14.0% 14.0 12.2% 14.0% 12.0% 12.0% 11.4% 12.0 12.0% 10.0 10.0% 8.0 8.0% 12.0 13.8 6.0 11.8 11.6 6.0% 4.0 10.4 4.0% 2.0 2.0% 0.0 0.0% FY2004 FY2005 FY2006 FY2007Plan Although product sales increasing sufficient
Slide 10: Selling, general and administrative expenses
Selling, general and administrative expenses billions of JPY R&D Expenses Advertising Expenses Other SG&A/Net Sales 18.0 3Y Plan 16.0% 14.0% 16.0 13.0% 13.4% 14.7 14.0% 14.0 11.6% 13.3 12.8% 13.4 12.0% 12.0 11.1 10.5 7.5 10.0% 10.0 8.1 7.9 8.0% 8.0 6.5 6.3 6.0% 6.0 2.3 4.0 1.7 1.4 4.0% 1.2 1.5 2.0 3
Slide 11: R&D Expenses
R&D Expenses Actual Plan 3Y Plan R&D Expenses/Net Sales billions of JPY 7.0 6.0% 5.1% 6.0 4.5% 4.8% 5.0% 4.4% 4.0% 5.0 4.0% 4.0 5.9 3.0% 3.0 4.7 2.0% 2.0 4.1 1.0 3.6 3.8 1.0% 0.0 0.0% FY2004 FY2005 FY2006 FY2007Plan Number of R&D staff FY2004 FY2005 FY2006 FY2007Plan (The end of Fiscal year) 304 338
Slide 12: CAPEX
CAPEX billions of JPY 6.0 CAPEX Molding Cost Depreciation Molding Cost 5.0 0.7 4.0 0.9 3.0 4.6 2.0 0.5 0.9 0.5 0.5 0.5 0.7 3.3 1.0 1.3 1.3 1.6 1.2 1.2 1.5 0.0 FY2004 FY2005 FY2006 FY2007Plan Construction of a new R&D Center in 2006. 11 Copyright©2007 Eizo Nanao Corporation. All rights reserved.
Slide 13: Dividend
Dividend JPY share 90 Year-end Dividend 25.3% 28.0% Interim Dividend 80 24.0% Dividend payout ratio(Consolidated base) Annual Dividend 20.6% 70 20.0% 60 17.5% 40 14.4% 16.0% 50 40 80 11.3% 40 30 12.0% 9.5% 30 70 25 55 8.0% 20 20 40 40 30 7.5 30 25 4.0% 10 15 7.5 15 10 0 0.0% FY2002 FY2003 FY2004 FY2