Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2012 Earnings Presentation
22 slides from Hirose Electric's earnings presentation, Nov 1, 2012
Slide 1: Business Results of Second Quarter, FY2012
Business Results of Second Quarter, FY2012 Creative Links to World Electronic Nov 1st, 2012 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 FY2012
Business Situation of FY2012 [1Q FY2012] • Except for the Korean company with strong orders, order level is low in Mobile/Smartphone market. On the other hand, Automotive continues to maintain the high level order, and order of Digital consumer electronics has also increased in May and June. • 1Q FY
Slide 4: Orders and Sales Changes: All Connectors (Non-consolidated)
2012 Mar- Sep Orders and Sales Changes (Non-consolidated Basis, Index Number) All Connectors 120 Good trend in Chinese Smartphone 105 102 103 97 FY2011 Average = 98 101 100 100 100 96 97 95 96 94 93 92 80 Sluggish in Mobile/Smartphone Order Sales 60 Mar Apr May Jun Jul Aug Sep 2012 4
Slide 5: Orders and Sales Changes by Markets: Mobile / Smartphone
2012 Mar- Sep Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Mobile / Smartphone 110 Order increase in 109 107 Chinese Smartphone 100 FY2011 Average = 100 92 90 96 87 85 80 85 84 77 69 77 70 68 Sluggish order in existing major 60 customers, such as 64 66 major European co
Slide 6: Orders and Sales Changes by Markets: Digital Consumer Electronic
2012 Mar- Sep Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Digital Consumer Electronic 110 107 105 98 100 FY2011 Average = 100 96 97 96 97 96 90 86 83 82 82 84 80 78 Order increase in Digital still camera and Game console 70 Mar Apr May Jun Jul Aug Sep 2012 Order Sales
Slide 7: Orders and Sales Changes by Markets: Automotive
2012 Mar- Sep Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Automotive 150 Due to the impact of the end of subsidy and economic 140 downturn in Europe 132 130 128 129 130 126 119 120 123 126 124 113 123 122 110 114 Mostly steady except for 111 the slight adjustment for 1
Slide 8: Orders and Sales Changes by Markets: Associated Electric Equipment, FA
2012 Mar- Sep Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 120 Gradual recovery, but not as 110 expected Sluggish order via distributors, etc. 100 98 98 FY2011 Average = 100 100 96 94 90 93 92 92 91 86 86
Slide 9: Orders and Sales Changes (Hirose Consolidated Basis)
2012 Mar- Sep Orders and Sales Changes (Hirose Consolidated Basis, Index Number) Consolidated Sales / Order 120 Upturn due to good trend in Chinese 111 Smartphone and Hirose Korea 110 105 105 104 102 99 100 99 100 FY2011 Average = 100 104 100 100 97 98 97 90 Order 80 Sales 70 Mar Apr May Jun Jul Aug
Slide 10: Business Results for 2Q FY2012
Business Results for 2Q FY2012 Note) Green Italics number: data announced on May 2012 (hundred millions of Yen) Major changes over prior same (A)FY2011 (B)FY2012 (B)-(A) (B)/(A) period 1Q & 2Q 1Q & 2Q (unit: hundred millions of Yen) 470.0 -2.3 -0.5% [Sales] 24.１ decrease Hirose Hirose Korea Sales 49
Slide 11: Half-Yearly Sales and Profits
Half-Yearly Sales and Profits (hundred millions of Yen) 800.0 40.0% 700.0 26.9% 28.2% 30.0% 25.1% 25.0% 24.5% Sales 600.0 20.8% 491.8 17.4% 20.0% 500.0 475.4 467.7 443.5 449.0 443.2 Recurring 401.2 Profit 400.0 10.0% 300.0 Recurring 0.0% Profit Ratio 200.0 134.1 119.2 123.0 114.4 100.8 93.3 77.0 -10
Slide 12: Sales by Market (round number)
Sales by Market (round number) FA Others Controlling 22% FA Equipment Mobile Controlling Others Phone 3% Equipm ent 27% 21% 28% 3% Mobile Phone Office 28% 26% Office FY2011 1H 26% Machinery Machinery 27% 3% FY2012 1H 3% Inside circle: non- Cable Inside circle: non- consolidated sales Communicati 3%
Slide 13: Sales Changes by Markets (in round numbers) [Consolidated basis]
Sales Changes by Markets (in round numbers) [Consolidated basis] 150 8%down FY2011 16%down First Half 31%up FY2012 First Half 0 Digital Notebook Associated Mobile Industrial Office FA Phone and others Consumer PC Electronic Machinery Controlling Electronics Computer Equipment Equipment Related Cable
Slide 14: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 61 62 59 60 60 56 50 Overseas 44 Sales Ratio 41 40 36 32 30 32 Overseas Production Ratio 20 10 0 FY2008 FY2009 FY2010 FY2011 H24中間 FY2012 First Half 14
Slide 15: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2011 (B)Sep 30, 2012 (B)-(A) Remark Cash and Cash in Bank 1,077.0 1,141.0 64.0 Increase in Hirose and domestic subsidiary Trade Receivables 233.4 237.9 4.5 Increase in Hirose Korea, etc. Inventories 71.9 70.0 -1.9 Inv
Slide 16: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2011 (B)Sep 30, 2012 (B)-(A) Remark Notes Payable and Account 104.2 109.9 5.7 Increase in Hirose Korea, etc. Payable Income Taxes Payable, etc 32.1 38.4 6.3 Recognition - Payment of taxes Others 82.6 83.9 1.3 Total Li
Slide 17: Capital Investment and Depreciation Change (Domestic Consolidated Basis)
Capital Investment and Depreciation Change (Domestic Consolidated Basis) (hundred millions of Yen) 80 Previous 40.0 (%) 75 66 68 70 66 ↓ 35.0 62 62 64 Capital Investment 60 56 30.0 50 25.0 Depreciation 44 40 20.0 Capital 28 Investment 30 15.0 24 Ratio 7 .8 7.2 7 .9 20 6 .7 10.0 Depreciation 6.0 Rati
Slide 18: Number of Employees (financial report basis)
Number of Employees (financial report basis) (Employees) 5000 4338 3865 3945 4000 3617 3512 Overseas 3000 3311 2550 2794 2923 2430 2000 Domestic 1000 1067 1082 1071 1022 1027 0 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2012 24年9月Sep 18
Slide 19: Distribution of Shareholders
Distribution of Shareholders 100% 8.31 10.95 11.76 13.53 13.53 7.57 Treasury 7.42 7.13 6.80 6.57 80% Stocks Individual and Others 40.69 60% 41.42 41.74 38.20 38.00 Foreign Corporation Other 40% 14.65 12.82 Corporation 12.79 12.83 12.82 1.13 1.32 1.19 1.21 1.13 Securities Firm 20% 27.65 26.10 25.36 2
Slide 20: Business Forecast for the Year Ended March 31, 2013
Business Forecast for the Year Ended March 31, 2013 Note) Green Italics number: data announced on May 2012 (hundred millions of Yen) First Half For the Year FY2011 Actual FY2012 Forecast Ov er the Prev ious Actual Amount Over the Previous Actual Amount Amount Amount First Half For the Year First Hal
Slide 21: Additional Acquisition of Hirose Korea Shares
s Additional Acquisition of Hirose Korea Shares Ne w e e leas R The board of directors have decided on increasing the investment ratio of Hirose Korea, our consolidated subsidiary, on October 31st 2012 1. Reason for Additional Acquisition of Shares We have decided to increase the investment ratio fr
Slide 22: Additional Acquisition of Hirose Korea Shares
s Additional Acquisition of Hirose Korea Shares Ne w e e leas 3. Number of Acquired Shares and Acquisition Cost, and Owned R Share Situation Before and After the Acquisition (1) Number of Shares 247,500 shares Owned Before the (Number of voting rights: 247,500) Acquisition (Holding rate : 75.00%) (2