Slide 1: Consolidated Financial Results - Third Quarter, 2013
Sumida Corporation Consolidated Financial Results - Third Quarter, 2013 - Representative Executive Officer CFO Yoshiyuki Honda October 30, 2013
Slide 2: Quarterly P/L
Quarterly P/L （Million yen） 3Q-2012 2Q-2013 3Q-2013 Change % Change % (A) (B) （C) （C)/(A) （C)/(B) S a l e s 13,220 16,021 17,067 29.1％ 29.1％ 6.5％ 6.5％ Gross Income 2.611 2,758 3,123 19.6％ 19.6％ 13.2％ 13.2％ % 19.8％ 17.2% 18.3％ － － Operating Income 594 449 670 12.9％ 12.9％ 49.4％ 49.4％ % 4.5％ 2.8% 3.9％
Slide 3: P/L for first nine months (Jan-Sep)
P/L for first nine months (Jan-Sep) （Million yen） Jan-Sep 2012 Jan-Sep 2013 % (A) （B) （B)/(A) S a l e s 38,942 47,318 21.5％ G r o s s I n c o m e 7,388 8,206 11.1％ % 19.0％ 17.3％ － Operating Income 1,368 1,360 -0.6％ % 3.5％ 2.9％ － O r d i n a r y I n c o m e 817 961 17.6％ Income before taxes 672 821 2
Slide 4: Operating Income Analysis 3Q-2012 → 3Q-2013
Operating Income Analysis 3Ｑ-2012 → 3Q-2013 Copper price （Million yen） Revenue UP DOWN 190 70 Productivity UP Others 100 36 China Operating wages China Income Ex. Rates UP welfare ex. 670 Operating △110 △180 UP Income △30 594 3Ｑ-2012 3Ｑ-2013 Copyright© 2013 SUMIDA CORPORATION. All rights reserved. 4
Slide 5: Operating Income Analysis 2Q-2013 → 3Q-2013
Operating Income Analysis 2Ｑ-2013 → 3Q-2013 （Million yen） Copper price DOWN 80 Revenue UP 200 Ex. Rates 10 China wages Others Operating UP △34 Income △35 670 Operating Income 449 2Ｑ-2013 3Ｑ-2013 Copyright© 2013 SUMIDA CORPORATION. All rights reserved. 5
Slide 6: Extraordinary Income/Loss Analysis Jan-Sep 2013
Extraordinary Income/Loss Analysis Jan-Sep 2013 （Million yen） Jan-Sep 2013 Insurance 1,356 Extraordinary Sale of fixed assets 9 I n c o m e TOTAL 1,366 Loss from floods in Germany 1,458 Tokyo office relocation exp. 38 Extraordinary L o s s Sale of fixed assets 9 TOTAL 1,506 Net TOTAL △140 Copyright©
Slide 7: Full-year 2013 P/L Forecast vs. 2012 P/L Actual
Full-year 2013 P/L Forecast vs. 2012 P/L Actual （Million yen） Full-year 2013 Forecast Full-year 2012 （announced on July 31） （Actual） Sales 63,700 51,300 Operating Income 1,300 1,706 % 2.0％ 3.3% O r d i n a r y I n c o m e 800 1,100 Extraordinary Income/Loss △400 △322 I n c o m e T a x e s 2,500 5 N
Slide 8: Cash Flow for nine months (Jan-Sep)
Cash Flow for nine months (Jan-Sep) （Million Yen） 2012 Jan-Sep 2013 Jan-Sep Cash flows from operating activities 1,800 3,563 Income before taxes 672 821 Depreciation 1,730 2,159 Net working capital △372 △49 Cash flows from investing activities △1,953 △2,390 Capital investments △2,289 △2,445 Cash flo
Slide 9: Improvement of currency mix
Improvement of currency mix • To promote natural hedge, some of raw material procurements were switched from US dollar-denominated to yen-denominated. • Weak yen contributes to sales amount, but has a negative impact on operating income. Negative impact on operating income by every one yen depreciat
Slide 10: Improvement of CCC (Cash Conversion Cycle)
Improvement of CCC (Cash Conversion Cycle) • Improvement of CCC is one of the important targets for mid-term business plan. • As yen’s depreciation against US dollar accelerated from mid-April this year, the following measures considered having a higher priority than CCC were implemented to reduce i
Slide 11: Performance Review - Third Quarter, 2013
Sumida Corporation Performance Review - Third Quarter, 2013 - Representative Executive Officer President Tomoharu Suseki October 30, 2013 Copyright© 2012 SUMIDA CORPORATION. All rights reserved.
Slide 12: Consolidated P/L for 3Q-2013
Consolidated P/L for 3Q-2013 Total sales were up 29.1% due to steady increase in sales of automotive products and new models of smart phones. Millions of yen 3Q-2012 3Q-2013 Change Sales 13,220 17,067 3,848 29.1% Operating Income 594 670 76 12.9% % 4.5% 3.9% - - Ordinary Income 420 468 48 11.3% Net
Slide 13: Sales by Market Segment
Sales by Market Segment Automotive sales continue growing and consumer electronics sales increase due to new models of smart phones • Automotive – Steady sales of HID lamps in Europe Quarterly sales by market segment – Keyless entries grow thanks to new （Million yen） demands in U.S. Au t o mo t ive
Slide 14: Sales by Region
Sales by Region • North America – Automotive-related sales boosted by new Quarterly sales by region demands for keyless entries （百万円） Japan Asia Eu r o pe No r t h Ame r ic a – Strong business inquiries by medical industry 7 ,0 0 0 – Up 75.5% yr/yr increase in 3Q 6 ,0 0 0 • Japan 5 ,0 0 0 – Growing
Slide 15: Action Plans aiming at achieving Mid-term Business Plan (2012-2014)
Action Plans aiming at achieving Mid-term Business Plan(2012-2014) Copyright© 2012 SUMIDA CORPORATION. All rights reserved.
Slide 16: Action Plans for Mid-term Business Plan (2012-2014)
Action Plans for Mid-term Business Plan (2012-2014) Progress of 4 major action plans 1. Strengthening cost-competitiveness ・Optimization of production sites - Production shift from hub-plants to satellite plants in China （Share of production volume at satellite plants ４１．１％） - Production increase at
Slide 17: Action Plans for Mid-term Business Plan (2012-2014)
Action Plans for Mid-term Business Plan (2012-2014) 3. Products management ・Stepping up Sumida’s presence by increasing market share of highly profitable products - New demands for keyless-entries in U.S. - Production increase of RFID（ear tags for livestock） at Thai plant New production line complet
Slide 18: Cost-saving measures to secure profit target in 2014
Cost-saving measures to secure profit target in 2014 1 billion yen expense cut in 2014 in addition to the four action plans Japan：４00 million yen Enhancement of R&D efficiency through Target for Integration of R&D centers Cost Savings Relocation of Tokyo office by the primary function TOTAL 1 billio
Slide 19: Disclaimer Regarding Forward Looking Statements
Disclaimer Regarding Forward Looking Statements Sumida Corporation (referred to as "Sumida") makes this document available for informational purposes only. This document contains certain “forward-looking statements” which reflect management’s current views and the assumptions made with respect to sp