Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q3 FY ending Mar. 2008 Earnings Presentation
12 slides from Oki Electric Industry's earnings presentation, Jan 29, 2008
Slide 1: Financial Results for the 3rd Quarter of Fiscal Year ending Mar. 31, 2008
Financial Results for the 3rd Quarter of Fiscal Year ending Mar. 31, 2008 Jan. 29, 2008 Oki Electric Industry Co., Ltd. © Copyright 2007 Oki Electric Industry Co., Ltd.
Slide 2: Table of Contents
Table of Contents Financial Results for the Q3, FY* ending Mar. 2008 1） Financial results outline 2） Profit and loss 3） Segment information 4） Operating income changing factor 5） Balance sheets 6） Cash flows * The projections and plans on this material are subject to change depending upon the change
Slide 3: Nine Months Financial Results Outline, ended Dec. 2007
Nine Months Financial Results Outline, ended Dec. 2007 YoY* comparison ¾ Net sales increased by 2%, mainly due to sales increase for Japan Post ¾ Operating loss improved by 9.7 B yen YoY from growth in sales and impact of currency exchange 9 months total 9 months total (Billion yen) FY end Mar. 07 F
Slide 4: Profit and Loss
Profit and Loss Outline YoY comparison (Billion yen) 9 months 9 months FY end FY end Cost of sales ratio improved by 1.1 Mar. 07 Mar. 08 points from 78.3% to 77.2% Net sales 476.4 487.3 SG&A decreased by 2.3 B yen Cost of sales 372.9 376.4 due to reduction of personnel 114.0 costs and more efficient
Slide 5: Segment Information
Segment Information (Billion yen) 9 months total 9 months total FY end Mar. 07 FY end Mar. 08 Info-telecom Net sales 215.8 223.3 Systems Operating income (loss) (5.9) (5.4) Net sales 107.0 102.9 Semiconductors Operating income (loss) (0.2) (0.5) Net sales 129.9 134.2 Printers Operating income (loss)
Slide 6: Segment Information: Info-telecom Systems
Segment Information: Info-telecom Systems 9 months total (Billion yen) Net sales Net sales For financial market: Increased due to steady 215.8 223.3 sales demand for ATMs* in China and teller 19.5 Others terminals for Japan Post 22.5 Information For telecom carrier market: Decreased due to 52.3 58.0
Slide 7: Segment Information: Semiconductors
Segment Information: Semiconductors 9 months total (Billion yen) Net sales Net sales Sales declined in mid and small-size driver Foundry, Others LSIs* and PHS* baseband LSIs in China 107.0 102.9 Optical Sales were steady in system memories for components P2ROM* supplied to the amusement market 1.9 1
Slide 8: Segment Information: Printers
Segment Information: Printers 9 months total Net sales (Billion yen） Net sales 129.9 134.2 Color NIP*: Continued to shift from low-end Mono NIP, models to more profitable mid and high-end SIDM, others models. Sales increased for consumables 59.2 61.3 Sales increased by 6.3B yen due to impact of curr
Slide 9: Operating income changing factor
Operating income changing factor Offset price decline with increase in marginal profit through growth in volume and efforts in reducing production and procurement costs Operating income significantly increased due to improvement in printer product mix, fixed cost reduction and impact of currency exc
Slide 10: Balance Sheet: Assets
Balance Sheet: Assets Inventories declined by 15.0B yen YoY through implementing reduction activities Total assets declined by 34.5B yen YoY with impact on decline in market value for investment securities (Billion yen) Variance with Dec. 31, 2006 618.9 626.4 628.4 591.9 34.6 39.3 46.0 Cash and depo
Slide 11: Balance Sheet: Liabilities and shareholders' equity
Balance Sheet: Liabilities and shareholders’ equity Shareholders’ equity decreased by 19.4B yen YoY due to cumulated net losses up to Q3 and decreased market value for investment securities Interest-bearing debt increased by 1.5 B yen YoY with impact of a new consolidated subsidiary (Billion yen) Va
Slide 12: Cash Flows
Cash Flows Free cash flows improved by 28.4 B yen from improvement in income and working capital 9 months total (Billion yen) FY end Mar.07 FY end Mar.08 I. Cash flows from operating activities (13.6) 8.8 Income before income taxes (19.5) (9.9) Depreciation & amortization 25.6 25.4 Changes in workin
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