Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2013 Earnings Presentation
16 slides from Hirose Electric's earnings presentation, Feb 3, 2014
Slide 1: Business Results of Third Quarter, FY2013
Business Results of Third Quarter, FY2013 Creative Links to World Electronic Feb 3rd, 2014 Hirose Electric Co.,Ltd 1
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward- looking statements. Thank
Slide 3: Business Situation of 3Q FY2013
Business Situation of 3Q FY2013 [1Q FY2012 (Apr – Jun)] • 1Q : Good trend in Korean and Chinese Smartphone/Mobile market and Automotive market. And although the trend is not strong, Industrial market shows a sign of recovery. [2Q FY2012 (Jul – Sep)] • 2Q : Industrial and Automotive market had mainta
Slide 4: Orders and Sales Index, FY2012 1Q – FY2013 Dec
FY2012 1Q – FY2013 Dec Orders and Sales (Consolidated Basis, Index Number) Total 160 Adjustment in Korean and Chinese Smartphone Order 143 140 136 136 137 Sales 135 133 131 130 124 124 136 135 129 126 128 118 120 122 121 Steady trend in 107 Smartphone, Automotive, 100 101 104 and Industrial 96 100 A
Slide 5: Sales by Markets: Smartphone / Mobile Phone
FY2012 1Q – FY2013 Dec Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile Phone 200 180 177 169 170 159 160 156 155 160 145 137 140 Good trend in Korean 121 and Chinese 120 108 Smartphone 90 Adjustment in Korean 100 and Chinese Average of FY2012 = 100 82 Smartphone 80 60 1Q 2Q 3
Slide 6: Sales by Markets: Automotive
FY2012 1Q – FY2013 Dec Sales by Markets (Consolidated Basis, Index Number) Automotive 150 Impacted by domestic 138 138 140 automotive manufacturers reducing production due to 134 the boycott of Japanese 128 130 goods in China 124 118 119 118 120 114 Continuing the good trend both in 110 domestic and
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, Others
FY2012 1Q – FY2013 Dec Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 150 Steady progress Sign of 140 Recovery 135 130 130 126 124 122 121 119 120 120 115 110 103 98 99 100 100 Average of FY2012 = 100 90 Sluggish order via distrib
Slide 8: Business Results for 3Q FY2013
Business Results for 3Q FY2013 (hundred millions of Yen) (A)FY2012 (B)FY2013 (B)-(A) (B)/(A) Major changes over prior same period 1Q-3Q 1Q-3Q (unit: hundred millions of Yen) Sales 710.1 942.3 232.2 32.7% [Sales] 232.2 increase (COGS Ratio) (56.9%) (54.4%) (-2.5%) Hirose Subsidiaries (SGA Ratio) (20.
Slide 9: Quarterly Sales and Profits
Quarterly Sales and Profits (hundred millions of Yen) 500 50.0% 40.0% 400 Sales 29.3% 29.9% 28.2% 30.0% 25.6% 24.3% 25.0% 24.0% 23.8% 320 326 20.8% 297 300 20.7% 17.1% 20.0% Recurring 248 243 237 242 249 231 225 231 Profit 10.0% 200 Recurring 0.0% Profit 87 96 92 Ratio 100 64 59 48 58 57 58 52 39 -1
Slide 10: Sales by Market (round number) [Consolidated Basis]
Sales by Market (round number) [Consolidated Basis] (Others 20%) (FA Controlling Equipment 2%) Smartphone (Others21%) (Associated Electric General /Mobile Phone Equipment 2%) Industrial 38% General Smartphone/ Mobile Phone 25% (FA Controlling Industrial Equipment 2%) 26% 30% (Associated (Cable Commu
Slide 11: Sales Changes by Markets (round number) [Consolidated Basis]
Sales Changes by Markets (round number) [Consolidated Basis] 71%up FY2012 23%up 1Q-3Q FY2013 27%up 1Q-3Q 55%up Smartphone General Notebook Digital ** Computer Office Automotive Related /Mobile Phone Industrial PC Consumer Machinery Electronics Equipment Communication As this is in round number, plea
Slide 12: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 72 70 66 60 61 60 56 59 Overseas 49 Sales Ratio 50 47 41 40 36 32 Overseas 30 32 Production Ratio 20 10 0 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 H25.3Q 3Q 12
Slide 13: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2013 (B) Dec 31, 2013 (B) - (A) Remark Cash and Cash in Bank 1,157.0 1,220.6 63.6 Increase in overseas subsidiaries, etc. Trade Receivables 241.9 315.0 73.1 Increase due to sales increase Inventories 79.1 89.8 10.7 F
Slide 14: Changes in Consolidated Balance Sheet (Liabilities and Equity)
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2013 (B) Dec 31, 2013 (B) - (A) Remark Notes Payable and Account 108.0 116.7 8.7 Increase increase due to production Payable Income Taxes Payable 38.9 56.7 17.8 Increase in deferred tax liabilities, Others 111.2 133.
Slide 15: Capital Investment and Depreciation Change (Consolidated Basis)
Capital Investment and Depreciation Change (Consolidated Basis) (hundred millions of Yen) 140 40.0 (%) 120 35.0 Capital 120 111 105 Investment 30.0 100 88 88 81 81 25.0 Depreciation 80 76 70 68 20.0 60 Capital 15.0 Investment 11.6 Ratio 9.3 9.7 9.3 40 7.6 10.0 Depreciation 8.5 8.5 Ratio 20 7.4 8.4 8
Slide 16: Business Forecast for the Year Ending March 31, 2014 (Consolidated)
Business Forecast for the Year Ending March 31, 2014 (Consolidated) Due to strong performance in 1Q-3Q, we have upwardly revised the forecast of Full year and dividend per share note) figures in green italics : previously announced data on Oct 31st (hundred millions of Yen) FY2012 (FY ended Mar 31,