Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2009 Earnings Presentation
20 slides from Hirose Electric's earnings presentation, Nov 11, 2009
Slide 1: Business Results for Second Quarter, FY2009
Business Results for Second Quarter, FY2009 Creative Links to World Electronics November 11th, 2009 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 2Q FY2009
Business Situation of 2Q FY2009 [1Q FY2009] • Partial correction in connectors for oversea mobile. However, orders for domestic digital consumer electronic and automobile have increased steadily. • 1Q FY2009 settled on -30.7% YoY in order level (+35.8% over 4Q FY2008), -31.1% YoY in sales level (+24
Slide 4: Orders and Sales, Sep 2008 - Sep 2009
2008 Sep - 2009 Sep Orders and Sales (Domestic Consolidation Basis, Index Number) 100 100 88 81 80 76 76 77 65 67 63 77 60 60 60 69 51 66 61 46 45 57 55 51 51 40 Order 39 42 43 Sales 20 0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep (2008) (2009) 4
Slide 5: Mobile Orders and Sales Transitions
2008 Sep – 2009 Sep Orders and Sales Transitions by Markets (Domestic Consolidation Basis, Index Number) <Mobile> 100 100 92 80 70 70 71 60 58 62 58 Order 60 55 53 65 61 44 56 56 Sales 54 52 38 39 40 48 34 33 35 20 17 0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep (2008) (2009) 5
Slide 6: Digital Consumer Electronic Orders and Sales Transitions
2008 Sep – 2009 Sep Orders and Sales Transitions by Markets (Domestic Consolidation Basis, Index Number) <Digital Consumer Electronic> 100 100 88 87 84 77 78 80 74 82 69 65 58 59 71 73 60 50 52 63 63 Order 61 Sales 51 49 40 47 40 37 37 20 0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep (2008)
Slide 7: Automotive Orders and Sales Transitions
2008 Sep – 2009 Sep Orders and Sales Transitions by Markets (Domestic Consolidation Basis, Index Number) <Automotive> 160 140 134 125 120 120 110 100 97 100 111 82 84 98 97 Order 80 67 82 79 81 Sales 61 60 47 56 59 40 34 30 42 20 33 25 27 0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep (2008)
Slide 8: Business Results for Second Quarter, FY2009
Business Results for Second Quarter, FY2009 Green Italics Numbers: Previously (May/2009) announced data (hundred millions of Yen) Changes over prior Changes over (A)FY2008 (B)FY2009 same period prior same period Major Changes over prior same period 1Q & 2Q 1Q & 2Q (B)-(A) (B)/(A) (unit: hundred mill
Slide 9: Sales and Profits by Quarter
Sales and Profits by Quarter (hundred millions of Yen) 400 40% 30.5% 28.8% 27.8% 30% 300 289.2 Sales 20.1% 21.8% 261.2 20% 221.2 Ordinary 203.3 200 10% Profit 180.0 22.9% 2.4% UP 145.0 24.3% Ordinary UP 0% Profit Ratio 100 88.3 75.2 56.4% 61.5 -10% 40.8 39.3 UP 11 times 3.5 0 -20% FY2009.2Q FY2008.1
Slide 10: Sales and Profits by Half-yearly
Sales and Profits by Half-yearly （hundred millions of Yen） 800 40% 33.5% 30.7% 29.7% 700 30% 25.1% 600 588.6 591.8 550.4 20% Sales 500 12.7% 15.2% 401.2 Ordinary 400 UP 10% 348.3 Profit 300 Ordinary 0% Profit 197.0 Ratio 200 181.9 163.5 100.8 -10% 100 2.3 times 44.3 0 -20% FY2007 FY2007 FY2008 FY200
Slide 11: Sales by Market
Sales by Market FA Controling Equipment 1% FA Conntroling Others Equipm ent 2% Office 19% Associated Electric Others Machinery3 Equipm ent 3% 20% Mobile Mobile Phone % 33% Phone Wireless FY2008 Communica FY2009 35% Cable Com m unication 3% First tion 3% *2 First Associated Office Machinery4% Half El
Slide 12: Sales Changes by Markets
Sales Changes by Markets (in round numbers) 28%down FY2008 First Half FY2009 First Half 27%down 15%down Computer Notebook Associated Wireless FA Controlling Mobile Digital Automotive Related Electronic Consumer PC Communication Equipment Phone Equipment Cable Equipment Electronics Office *2 *1 Commu
Slide 13: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 60 60 60 56 52 50 46 47 Overseas 42 Sales Ratio 40 36 34 33 30 31 30 Overseas Production 20 Ratio 10 0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2009 FY2009 FY2009 First First Half (Plan) Plan Half 13
Slide 14: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2009 (B)Sep 30, 2009 (B)-(A) Remarks Cash and Cash in Bank 1,177.3 1,169.5 -7.8 Due to dividend, share buyback, etc. Trade Receivables 186.9 228.0 41.1 Increase in Sales (FY2008 4Q 145.0 -->FY2009 2Q 221.2) Inventorie
Slide 15: Changes in Consolidated Balance Sheet (Liabilities and Equity)
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)May 31, 2009 (B)Sep 30, 2009 (B)-(A) Remarks Notes Payable and Accounts 68.0 112.9 44.9 Purchase increase due to Payables production increase Income Tax Payables, etc. 25.9 38.2 12.3 Others 56.0 56.4 0.4 Increase in other Acc
Slide 16: Cash Flow
Cash Flow (hundred millions of Yen) （ A） FY2008 2Q （ B） FY2009 2Q Main Changes Cash Flows from 141.6 120.2 Pre-Tax Net Income 100.3 Operating Activities Depreciation 37.6 Accounts Payables Increase 43.3 Corporation Tax -20.6 Increase of time deposit over Cash Flows from -120.6 -113.9 3 months period
Slide 17: 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 92 50.0 減価償却費増 約14億円 90 89 90 (対売上比1.2％) Previous 77 ↓ Capital 80 Previous 40.0 70 70 Investment ↓ 6975 66 61 Depreciation 60 30.0 Investment Ratio 40 20.0 29 Depreciation
Slide 18: Number of Employees
Number of Employees (based on financial report) (employees) 5000 4493 876 people 4146 decreased 3975 174 people 4000 decreased 3617 3443 Overseas 3000 3444 3038 3176 2550 2313 2000 Domestic 1000 937 970 1049 1067 1130 0 2006 Mar. 2007 Mar. 2008 Mar. 2009 Mar. 2009 Sep. 2009 Sep. 18
Slide 19: Distribution of Shareholders
Distribution of Shareholders 100% 2.74 2.73 5.58 8.31 8.97 90% 14.08 13.46 11.72 7.57 7.39 Treasury 80% Stocks Individual and 70% Others 39.35 43.47 40.69 41.35 60% 45.52 Foreign Corporation 50% Other 40% Corporation 14.79 14.65 14.58 14.63 Securities Firm 30% 1.21 14.67 1.13 1.16 1.34 1.26 20% 27.8
Slide 20: Business Forecast for the Year Ended March 31, 2010
Business Forecast for the Year Ended March 31, 2010 Green Italics note) First Half indicates 1Q & 2Q, Second Half indicates 3Q & 4Q. (hundred mililons of Yen) Numb er: Previously (May/2009) 中間期 First Half 下期 中間期 下期 Half Second 中間期 For the Year 年間 announced data FY2008 (Actual) FY2009 (Forecast) Over