Smk Corporation · TSE:6798

Smk — Q1 FY2009 Earnings Presentation

22 slides from Smk's earnings presentation, Jul 29, 2009

  1. Slide 1: Business Report for FY2009

    1/22 Business Report for FY2009 From Apr. to June 2009 SMK Corporation July, 2009

  2. Slide 2: Outline of 1Q Financial Statement

    2/22 FY2009 Outline of 1Q Financial Statement Director and Executive Vice President Hajime Yamada

  3. Slide 3: Consolidated 1Q Financial Result

    3/22 ＜Consolidated＞1Q Financial Result Income : Sales Amount : Million yen - 26.6% Million yen 5,000 - 33.8% 21,357 20,000 4,000 15,684 3,000 2,141 10,000 2,000 1,493 1,067 706 706 1,000 374 0 0 FY2008 FY2009 April-June April-June Net Sales Operating Income Ordinary Income Net Income

  4. Slide 4: Consolidated Financial Highlights (Quarterly)

    4/22 ＜Consolidated＞Financial Highlights (Quarterly) 1st Half Term 2nd Half Term Fiscal Term 1Q 2Q Total Total ( A pr.09-J une.09) ( J ul .09-Sep.09) ( A pr.09-Sep.09) (Oct.09-Mar.10) ( A pr.09-Ma r.10) (Result) (Prospect) （Prospect) （Prospect) （Prospect） ① Net Sales 15,684 16,316 32,000 38,000 70,00

  5. Slide 5: Consolidated Trends in performance

    5/22 ＜Consolidated＞Trends in performance Net Sales,Operating Income (Quarterly) Unit : Net Sales Unit : Operating Income Million yen Million yen 25,000 1,500 23,423 1067 929 21,357 1,000 706 694 20,000 500 0 16,316 15,438 15,684 15,000 -500 -1,000 -825 -933 12,704 10,000 -1,500 FY2 0 0 8 FY2 0 0 8 F

  6. Slide 6: Consolidated Sales Expenses

    6/22 ＜Consolidated＞ Sales Expenses FY2008 FY2009 ( ) : percentage to Unit : Apr-Jun Apr-Jun sales amount Million yen 20,290 14,978 [(Material costs＋Expenses for 25,000 (95.0%) (95.5%) Material costs external manufacturing processing) improved by 1.5%] 60.3%→58.8% -235 million yen 20,000 Expenses ext

  7. Slide 7: Analysis of sales expenses

    7/22 ＜Consolidated＞ Analysis of sales expenses Analysis of factors for increase/decrease of consolidated operating income [ FY2008 APR-JUN VS FY2009 APR-JUN ] Total Unit : Million yen -361 million yen 3,000 Factors for profit Factors for profit increase decrease 2,000 Total : 1,890 Total : -2,251 1,

  8. Slide 8: Non-operating profit and loss

    8/22 ＜Consolidated＞ Non-operating profit and loss FY2008 FY2009 ( ) : percentage to Exchange gain ÆExchange loss sales amount Unit : Apr-Jun Apr-Jun Million yen (Average rate/within a term) 1,074 0 Currency exchange …P/L reduction 1,500 (5.0%) (0.0%) profit 1．FY2008 1Q Average(08/Apr-Jun) Revenues f

  9. Slide 9: Extraordinary gain or loss

    9/22 ＜Consolidated＞ Extraordinary gain or loss FY2008 FY2009 Unit : 100 Apr-Jun Apr-Jun Million yen 21 -2 Gain from sale of fixed assets 50 33 Loss of disposed fixed assets, etc. 23 24 0 -2 Collection profits of fully-depreciated debts -59 -50 Income -100 before 2,162 704 income taxes Income taxes -

  10. Slide 10: Consolidated Cash Flow Position

    10/22 ＜Consolidated＞ Cash Flow Position Unit : Million yen FY2008 Apr-Jun FY2009 Apr-Jun Operating Cash Flow 1,198 2,343 Working capital -2,675 74 Income before income taxes 2,162 704 Depreciation 1,196 946 Others 515 619 Investing Cash Flow -1,268 -535 Free Cash Flow -70 1,808 Financing Cash Flow 1

  11. Slide 11: FY2009 1Q Result and Prospect

    11/22 FY2009 1Q Result and Prospect President and COO Tetsuya Nakamura

  12. Slide 12: Consolidated 1Q Net Sales by Market (FY2007-FY2009)

    12/22 ＜Consolidated＞ 1Q Net Sales by Market (FY2007-FY2009) 25,000 -26.6% Unit : Million yen 21,357 20,421 490 20,000 328 +8.1% 1,417 1,311 -41.3% +15.7% 2,354 2,035 15,684 195 15,000 -24.9% 832 +0.9% 1,768 8,390 8,464 -19.7% 10,000 6,799 1,777 +13.2% 2,012 -35.4% 5,000 1,300 6,579 +0.6% 6,618 -27.7

  13. Slide 13: Trends of major market: Audio/Visual

    13/22 <Trends of major market> Audio/Visual 1Qsales Unit : Million yen Comparison 7,000 6,579 6,618 to last year’ year’s ■FC (Remote control units) Decrease 4 3 TP performance 72.3% 6,000 Decreased sales amounts of remote control units for Set Top 5,000 4,787 Boxes and DVD recorders. FC 8 4,725 4,00

  14. Slide 14: Trends of major market: Car electronics

    14/22 <Trends of major market> Car electronics 1Qsales Unit : Million yen 2,012 2,000 ■CS （Connectors）Decrease Comparison 1,777 to last year’ year’s Increased sales amounts of ETC performance TP 64.6% coaxial connectors.Decreased sales amounts for car navigation 1,500 767 system’s coaxial connectors

  15. Slide 15: Trends of major market: Mobile Phones

    15/22 <Trends of major market> Mobile Phones 1Qsales Unit : Million yen 10,000 Comparison to last year’ year’s ■CS （Connectors）Decrease 8,464 performance 8,390 80.3% In overseas mobile phone 10 market,decrease in demand of 1 8,000 809 FC BtoB connectors and camera 1,241 6,799 connectors. 6,000 TP 1,

  16. Slide 16: Trends of major market: Personal Computer

    16/22 <Trends of major market> Personal Computer 1Qsales Unit : Million yen 2,500 2,354 Comparison to 22 last year’ year’s performance ■FC Decrease 2,035 TP 75.1% Decreased sales amounts 2,000 9 532 of remote control unit for 186 1,768 notebook computer. 10 Decreased sales amounts of keyboard for EC

  17. Slide 17: Half Fiscal Term Performance (FY2008-FY2009/1H)

    17/22 Half Fiscal Term Performance (FY2008-FY2009/1H) Income : Unit : Million yen Million yen 50,000 6,000 44,600 45,000 5,000 40,000 4,000 3,165 35,000 32,000 32,000 3,000 30,000 28,142 2,000 1,996 1,600 25,000 1,710 1,400 1,000 20,000 700 1,050 400 450 0 15,000 -1,000 10,000 -1,758 5,000 -2,000 -2

  18. Slide 18: Full Fiscal Term Performance (FY2007-FY2009)

    18/22 Full Fiscal Term Performance (FY2007-FY2009) Unit : Million yen Income : Million yen 90,000 87,659 8,000 80,000 7,000 72,742 5,654 70,000 6,000 70,000 5,000 60,000 4,327 4,000 50,000 3,000 40,000 2,094 2,200 1,500 1,500 2,000 30,000 1,029 1,000 238 20,000 0 10,000 -1,000 -1,620 0 -2,000 FY2007

  19. Slide 19: Net Sales by Product Division (FY2006-FY2009 forecast)

    19/22 Reference：＜Consolidated＞Net Sales by Product Division (FY2006-FY2009 forecast of fiscal term) Unit : Million yen 100,000 ( )：Composition ratio 90,000 87,659 5,256 (6%) 80,000 79,074 4,730 (6%) 72,742 70,000 5,142 (7%) 70,000 32,942 (38%) 8,274 (12%) 60,000 33,534 (42%) 28,371 50,000 (39%) 25,8

  20. Slide 20: 1st Quarter Net Sales by Product Division (FY2006-FY2009)

    20/22 Reference：＜Consolidated＞ 1st Quarter Net Sales by Product Division (FY2006-FY2009) Unit : Million yen ( )：Composition ratio 25,000 21,357 20,421 1,522 (7%) 20,000 18,507 1,145 (6%) 1,098 (6%) 15,684 7,762 (38%) 8,083 (38%) 15,000 2,368 (15%) 8,416 (45%) 5,948 (38%) 10,000 11,514 (56%) 11,752 (

  21. Slide 21: Monthly booking: Compared to last year

    21/22 Monthly booking : Compared to last year (With the average of 17 electronic parts manufactures) Compared to last year （％） Reference: Daiwa Institute of Research Ltd. 30.0 20.0 SMK 10.0 Average of 17 electronics suppliers 0.0 08/1 08/2 08/3 08/4 08/5 08/6 08/7 08/8 08/9 08/10 08/11 08/12 09/1 09

  22. Slide 22: Notice

    22/22 Notice All information in this material concerning the forecast of business achievements, projections of general business conditions and our business strategies is dependent on our conclusion made to a normally foreseeable extent applying information reasonably accessible to us at the time of

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