Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY2011 Earnings Presentation
16 slides from Oki Electric Industry's earnings presentation, Jul 29, 2011
Slide 1: Financial Results for the Q1 of FY ending March 31, 2012
Financial Results for the Q1 of FY ending March 31, 2012 July 29, 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 pr
Slide 2: Table of Contents
Table of Contents I. Introduction II. Financial results for the Q1, FY ending Mar. 2012 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows III. Projections for the 1H, FY ending Mar. 2012 © Copyright 2011 Oki Electric Industry Co., Ltd.
Slide 3: Introduction
Introduction Today, OKI announces 1H projections based on recent circumstances and business performance, which OKI held off announcing at the time of the announcement of financial results for the FY end. Mar. 2011 (May 13, 2011). This is because most of the risks such as difficulty in procuring comp
Slide 4: Table of Contents: Financial results for the Q1
I. Introduction II. Financial results for the Q1, FY ending Mar. 2012 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows III. Projections for the 1H, FY ending Mar. 2012 © Copyright 2011 Oki Electric Industry Co., Ltd. 4
Slide 5: Summary of Segment Information
Summary of Segment Information Net sales increased mainly in Info-telecom segment. Operating loss improved drastically due to the impact of reducing fixed costs, etc. [YoY comparison] z Net sales increased by 1.3 B yen. (Impact of currency exchange:-0.7 B yen) - Info-telecom segment: Sales increased
Slide 6: Segment Information: Info-telecom Systems
Segment Information: Info-telecom Systems Net sales: ¾ Solutions & services: Sales increased due to the growth of ATM monitoring and Net sales management services, etc. (Billion yen) ¾ Telecom systems: 46.7 Sales remained the same as previous fiscal year due to 44.7 Mechatronics systems increase in
Slide 7: Segment Information: Printers
Segment Information: Printers Impact of currency exchange: Net sales ¾Net sales declined by 0.7B yen. Operating loss decreased by (Billion yen) 0.5B yen. 26.8 27.5 Net sales were approximately the same as 3.6 4.9 Others previous fiscal year excluding the impact of 3.7 3.4 SIDM currency exchange. 5.3
Slide 8: Segment Information: EMS, Others
Segment Information: EMS, Others Net sales: Net sales ¾EMS: (Billion yen) Sales were firm despite the impact of difficulty to 10.3 10.3 procure some components and restriction of power supply. 3.4 3.7 Others ¾ Others: Sales declined due to the impact of selection and EMS 6.9 6.6 concentration in aff
Slide 9: Changing Factors of Operating Income
Changing Factors of Operating Income z Operating income improved by 7.5B yen due to the impact of reducing fixed costs in addition to increase in volume and changes in product mix, reduction in production and procurement costs, and the exchange gains from the strong yen, despite price decline, etc.
Slide 10: Q1 Profit and Loss
Q1 Profit and Loss [Y on Y comparison] FY Mar. FY Mar. Cost to sales ratio improved by (Billion yen) 2012 2011 4.1 points from 78.5% to 74.4%. Net Sales 83.8 82.5 SG&A decreased due to the Cost of Sales 62.3 64.8 impact of reducing fixed costs. SG&A 21.8 25.5 Other income and expenses improved due t
Slide 11: Balance Sheet [Assets]
Balance Sheet [Assets] Total assets decreased by 12.7B yen due to the reduction in notes and accounts receivables. Cash and cash equivalents increased by 10.8B yen. Due to the tendency of larger sales in Q4 of the previous fiscal year, notes and account receivables at March end increased. These rece
Slide 12: Balance Sheet [Liabilities and shareholders' equity]
Balance Sheet [Liabilities and shareholders’ equity] Shareholders’ equity decreased due to decline in net income and net unrealized holding gain on other securities. Interest bearing debt decreased by 0.6B yen. Net interest bearing debt decreased by 11.3B yen to 61.1B yen. (Billion yen) 359.5 372.2
Slide 13: Cash Flows
Cash Flows Cash flows from operating activities increased to 13.4B yen due to improved net income, etc. FY March FY March Notes (Billion yen) end. 2012 end. 2011 Ⅰ Cash flows from operating activities 13.4 6.6 Net income before income taxes (1.4) (9.4) Depreciation & amortization 3.0 3.4 Changes in
Slide 14: Table of Contents: Projections for the 1H
I. Introduction II. Financial results for the Q1, FY ending Mar. 2012 1. Segment information 2. Changing factors of operating income 3. Profit and loss 4. Balance sheets 5. Cash flows III. Projections for the 1H, FY ending Mar. 2012 © Copyright 2011 Oki Electric Industry Co., Ltd. 14
Slide 15: Projections for the 1H, FY ending Mar. 2012
Projections for the 1H, FY ending Mar. 2012 OKI expects fundamental business such as financial institutions and government agencies to continue to keep firm following on 1Q and projects stable profitability. OKI to accelerate efforts to expand market share in high-growth market and to develop and de
Slide 16: © Copyright 2011 Oki Electric Industry Co., Ltd.
© Copyright 2011 Oki Electric Industry Co., Ltd. 16
Oki Electric Industry — Q1 FY2011 Earnings Presentation on 6ix