Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2010 Earnings Presentation
25 slides from Oki Electric Industry's earnings presentation, May 13, 2011
Slide 1: Financial Results for the Fiscal Year ended March 31, 2011
Financial Results for the Fiscal Year ended March 31, 2011 May 13, 2011 Oki Electric Industry Co., Ltd. • Indication method of amounts in hundred millions yen are as follow: Amounts in each item are rounded to the nearest hundred million yen. Variances are calculated in the hundred millions. • The p
Slide 2: Table of Contents
Table of Contents I. Introduction II. Financial results for the FY ended March 2011 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows 6. General overview of FY ended March 2011 III. Projections for the FY ending March 2012 1. Policy for
Slide 3: Introduction
Introduction We would like to express our heartfelt condolences to all those affected by the Great East Japan Earthquake. We sincerely pray for the people’s safety and quick revival of the stricken area. Impact of the Great East Japan Earthquake Status of restoration at Printer biz’s Fukushima pla
Slide 4: Financial results for the FY ended March 2011
I. Introduction II. Financial results for the FY ended March 2011 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows 6. General overview of FY ended March 2011 III. Projections for the FY ending March 2012 1. Policy for FY end. March 201
Slide 5: Summary of segment information
Summary of segment information Though net sales fell from previous projections, operating income was approximately the same as previous projections except for the impact of the earthquake disaster. Impact of the earthquake disaster: Net sales and operating income decreased by 3.5 B yen and 1.2 B y
Slide 6: Segment information: Info-telecom systems
Segment information: Info-telecom systems [Comparison with previous projections(Jan.28)] Though sales decreased due to the decline in demand by enterprises, in addition to the impact of the earthquake disaster, operating income was Net sales approximately the same as previous projections except for
Slide 7: Segment information: printers
Segment information: printers [Comparison with previous projections(Jan.28)] Sales were the same as previous projections. Operating income was also the same as previous projections Net sales except for the impact of the earthquake disaster. (Billion yen) [YoY comparison] Impact of currency exchange:
Slide 8: Segment Information: EMS, Others
Segment Information: EMS, Others [Comparison with previous projections(Jan.28)] Though sales declined due to the impact of the earthquake disaster, operating income was approximately the same as Net sales previous projections. (Billion yen) 47.0 47.5 [YoY comparison] 15.9 15.5 36.2 Net sales: EMS:
Slide 9: Changing factors of operating income
Changing factors of operating income Operating income decreased by 3.0 B yen Y on Y due to price decline, impact of the strong yen, increase in other costs, and the impact of treatment optimization in addition to the impact of the earthquake disaster, despite growth factors such as reduction of pr
Slide 10: Profit and loss
Profit and loss [YoY comparison] FY Mar. FY Mar. Previous SG&A decreased by effects of reduction etc. (Billion yen) 2011 2010 Projections Other income and expenses was approximately the same as the previous year as interest expense and Net sales 432.7 443.9 440.0 the loss caused by the redemption of
Slide 11: Balance sheet [Assets]
Balance sheet [Assets] Total assets decreased by 11.4 B yen due to the reduction in notes and accounts receivables and investments in securities. Cash and cash equivalents increased by 8.4 B yen. (billion yen) Variance with Mar. 31, 2010 397.0 372.2 383.6 Cash and cash 71.2 equivalents 64.4 79.6 Not
Slide 12: Balance sheet [Liabilities and shareholders' equity]
Balance sheet [Liabilities and shareholders’ equity] Overall shareholders’ equity increased, due to 30.0 B yen of capital expansion through the issuance of preferred stock and the increase in additional paid-in capital due to the share exchange from acquiring the whole ownership of OKI Wintech, thou
Slide 13: Cash Flows
Cash Flows Cash flows from operating activities amounted to 1.6 B yen. Cash flows from financing activities was 11.2B yen due to increase in cash from 30.0 B yen of capital expansion through the issuance of preferred stock, despite the repayment of debt. FY end FY end Notes (Billion yen) Mar. 2011 M
Slide 14: General overview of FY ended March 2011
General overview of FY ended March 2011 OKI almost achieved its profit target except for the impact of the earthquake disaster (same as the previous projection). “Program for the enhancement of management bases” based on “the Mid-term business plan” was approximately accomplished. Improved capital
Slide 15: Projections for the FY ending March 2012
I. Introduction II. Financial results for the FY ended March 2011 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows 6. General overview of FY ended March 2011 III. Projections for the FY ending March 2012 1. Policy for FY end. March 201
Slide 16: Policy for FY end. March 2012
Policy for FY end. March 2012 <FY11 > <FY13 > stable profitability <FY15 > continuous growth Target for the Mid-term biz. OKI’s aim Enhance management bases plan Strategies for growth Strategies for growth The first year of brushed up “ the Mid-term business plan” [130th year in business] “Generate
Slide 17: Policy for FY end. March 2012
Policy for FY end. March 2012 Ensure stable profits Ensure stable profitability for financial system, telecom system, and social infrastructure system. Expand share in markets with high growth Switch market strategies for printers in Europe (expand sales in major countries) Strengthen sales
Slide 18: Policy for FY end. March 2012: Planting seeds for growth
Policy for FY end. March 2012 “Planting seeds” for growth Expand new business domains Establish new organization for product development promotion in Solutions and services div. Develop new products such as solutions for offices Create new services using tablet devices and smartphones, etc.
Slide 19: Summary of segment information
Summary of segment information Full year projections Net sales :436.0 B yen. Operating income:15.0 B yen * Announcement for 1H plans has been held off at this time due to the difficulty in assessing the impact of the earthquake on production and sales. FY end. Mar. 2012 FY end. Mar. 2011 (Plan) Resu
Slide 20: Segment information
Segment information [Info-telecom systems] [Printers] [EMS, Others] Net sales Net sales Net sales (billion yen) (billion yen) (billion yen) 262.0 260.7 49.0 47.0 Mechatronics 125.0 125.0 64.5 62.4 systems 15.0 27.5 15.9 Others 32.5 SIDM, etc Social 35.0 32.0 infrastructure 28.5 24.0 systems Mono NIP
Slide 21: Changing factors of operating income
Changing factors of operating income [Main factors of changes] Change in volume and product mix: +1.0 B yen Increase in marginal profits due to the rise in volume and improved product mix by expanding sales for new models in printer business, etc. [ Currency exchange rate] Price decline -2.5 B y
Slide 22: Profit and loss projections
Profit and loss projections Recurring income is expect to increase by 6.1 B yen to 12.0 B yen due to the increase in operating income by 4.0 B yen and improvement in other income and expenses. Net income is expected to increase by 34.5 B yen to 7.5 B yen as there will be no extraordinary loss at
Slide 23: Cash flow projections
Cash flow projections Generate 5.0 B yen free cash flows and reduce net interest bearing debt. FY end Mar. FY end Mar. 2012 2011 (billion yen) (Plan) (Results) I. Cash flows from operating activities 18.0 1.6 II. Cash flows from investing activities (13.0) (4.4) Free cash flows (I+II) 5.0 (2.8) III.
Slide 24: Capital expenditure & R&D expenses projections
Capital expenditure & R&D expenses projections Strengthen competitiveness by aggressive investment to focusing businesses. Property, Plant & Equip. (Billion yen) R&D Expenses [Capital Expenditure] 11.5 14.6 13.8 1.5 Others 13.5 2.8 Others 8.6 8.0 1.0 EMS 0.1 2.4 2.4 0.3 0.6 1.0 3.0 0.1 0.1 0.6 2.5 E
Slide 25: Open up your dreams
| 8) 64 ee Open up your dreams