Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2010 Earnings Presentation
21 slides from Hirose Electric's earnings presentation, Feb 8, 2011
Slide 1: Business Results for Third Quarter, FY2010
Business Results for Third Quarter, FY2010 Creative Links to World Electronic Feb 8th 2011 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 3Q FY2010
Business Situation of 3Q FY2010 [1Q FY2010] • Although partial adjustment for overseas mobile, orders and sales for automotive and industrial area increased steadily [2Q FY2010] • Steady increase in sales, especially in overseas mobile phone and automotive market. However, in order, there were adjus
Slide 4: FY2010 Apr-Dec Orders and Sales Changes
FY2010 Apr-Dec Orders and Sales Changes (Domestic Consolidation Basis, Index Number) 130 120 115 117 116 111 114 111 110 107 113 112 113 104 104 111 103 108 100 Average of FY2009 = 100 98 100 90 Order 95 80 Sales 70 Apr May Jun Jul Aug Sep Oct Nov Dec FY2010 4
Slide 5: Orders and Sales Changes by Markets: Mobile
FY2010 Apr-Dec Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Mobile 携帯 140 126 118 113 116 120 112 109 110 96 108 100 103 103 100 112 108 Average of FY2009 = 100 102 95 96 80 79 60 40 Apr May Jun Jul Aug Sep Oct Nov Dec FY2010 Order Sales 5
Slide 6: Orders and Sales Changes: Digital Consumer Electronic
FY2010 Apr-Dec Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Digital Consumer Electronic 110 100 Average of FY2009 = 100 89 90 86 87 96 86 93 94 79 81 80 78 80 84 76 79 78 70 75 73 70 60 50 Apr May Jun Jul Aug Sep Oct Nov Dec FY2010 Order Sales 6
Slide 7: Orders and Sales Changes: Automotive
FY2010 Apr-Dec Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Automotive 160 135 140 131 134 129 122 123 128 117 117 120 115 126 126 105 114 103 114 115 100 Average of FY2009 = 100 101 80 60 Apr May Jun Jul Aug Sep Oct Nov Dec FY2010 Order Sales 7
Slide 8: Orders and Sales Changes: Associated Electric Equipment, FA Controlling Device, Others
FY2010 Apr-Dec Orders and Sales Changes by Markets (Domestic Consolidation Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 160 145 143 142 140 133 144 126 127 132 130 131 118 116 120 108 117 118 100 Average of FY2009 = 100 103 106 98 80 60 Apr May Jun Jul Aug Se
Slide 9: Business Results for Third Quarter, FY2010
Business Results for Third Quarter, FY2010 (hundred millions of Yen) Major Changes over prior same (A)FY2009 (B)FY2010 (B)-(A) (B)/(A) period 1Q-3Q 1Q-3Q (unit: hundred millions of Yen) [Sales] 77.2 increase Foreign Hirose Subsidiaries HST Sales 623.0 700.2 77.2 12.4% +67.8 +5.4 +4.0 (COGS Ratio) (5
Slide 10: Sales by Market FY2010 1Q–3Q
Sales by Market Office FA Controlling Machinery Equipment 2% 3% Cable Communicatio FA n 3% Controlling Mobile Others Others Mobile Phone Equipment Phone Office 19% 22% 34% 3% 33% Machinery 3% Associated Associated Elecric FY2009 1Q – 3Q Electric FY2010 1Q – 3Q Equipment Equipment 3% 3% Wireless Digi
Slide 11: Sales Changes by Markets (in round numbers)
Sales Changes by Markets (in round numbers) 8%up FY2009 35%up 1Q-3Q FY2010 27%up 1Q-3Q 17%down Digital Wireless *2 Notebook FA Office Mobile Industrial Consumer Communication PC Controlling Machinery Phone and others Associated Equipment Electronics Computer Cable Electronic Automotive Communication
Slide 12: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 59 59 60 56 52 50 47 Overseas Sales Ratio 40 36 32 30 30 34 Overseas 30 Production Ratio 20 10 0 FY2006 FY2007 FY2008 FY2009 FY2010 1Q-3Q 12
Slide 13: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2010 (B)Dec 31, 2010 (B)-(A) Remark Cash and Share buyback-27.9, Construction Cash in Bank 1,095.7 1,045.4 -50.3 payment for Yokohama Center-19.6 Additional investment to Hirose Korea-26.3, Hirose Korea's+16.2 Trade R
Slide 14: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2010 (B)Dec 31, 3010 (B)-(A) Remark Notes Payables 120.1 129.2 9.1 Hirose Korea's +7.7 Income Taxes Payable, etc. 48.9 29.4 -19.5 Others 55.9 71.3 15.4 Increase in account payables Total Liabilities 224.9 229.9 5.0 Re
Slide 15: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Domestic Consolidated Basis) (hundred millions of Yen) (%) 120 60.0 H19年度税制改正に伴う 100 50.0減価償却費増 Capital 約14億円 92 90 Investment (対売上比1.2%) 89 80 Previous 40.0 Depreciation 66 Previous ↓ 66 66 75 60 ↓ 60 60 57 30.0 Capital 44 46 Investment 40 38 20.0 Ratio D
Slide 16: Business Forecast for the Year Ended March 31, 2011
Business Forecast for the Year Ended March 31, 2011 Green italics Note) First Half: 1Q & 2Q, Second Half: 3Q & 4Q (hundred millions of Yen) number: data First 中間期 Half Second 下期 Half 中間期 下期 For 中間期 年間the Year announced on Nov 2010 FY2009 (Actual) FY2010 (Forecast) Over Previous Actual Amount Over Pr
Slide 17: About “Losses on step acquisition” (Summary)
Feb 8th 2011 About “Losses on step acquisition” (Summary) Hirose Electric Co.,Ltd 1. In the past, as equity method application affiliate, we have been taking in 50% of Hirose Korea’s net income as non-operating expenses (equity method profit on investment). 2. The above 50% of Hirose Korea’s net inc
Slide 18: Account Processing on making Hirose Korea into Subsidiary
Account Processing on making Hirose Korea into Subsidiary 1. Background 1) On Dec 2010, we have decided to make Hirose Korea, former equity method application affiliate (Korea, founded in Oct.1985, investment ratio 50%), into consolidated subsidiary, and increase investment ratio by 25%, making into
Slide 19: Accounting standards for business combination applied from Apr 2010
“Accounting standards for business combination" Former Accounting Standards applied from Apr 2010 (New Standards Consolidated B/S) (Former Standards Consolidated B/S) Assets 15,000 Liability 3,000 Assets 15,000 Liability 3,000 Subsidiary Shares -2,000 Capital Subsidiary Shares -2,000 Capital Retaine
Slide 20: [Reference] Won/Yen Rate change (from Mar 1986)
[Reference] Won/Yen Rate change (from Mar 1986) 1986.3 1987.3 1988.3 1989.3 1990.3 1991.3 1992.3 1993.3 1994.3 1995.3 1996.3 1997.3 1998.3 rate 25.03 平均rate Average 18.22 17.17 18.06 21.09 19.68 17.83 15.83 13.39 12.47 12.57 13.77 11.64 Closing price 20.01 終値rate 17.12 16.55 19.68 22.43 19.30 17.00
Slide 21: Display on the consolidated comprehensive income statement
Display on the consolidated comprehensive income statement of this fiscal year The account for the comprehensive income will be displayed on the consolidated financial statement from the end of this fiscal year. (hundred millions of Yen) <Impact on consolidated F/S> Consolidated profit/loss and Comp