Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2009 Earnings Presentation
20 slides from Oki Electric Industry's earnings presentation, Apr 28, 2010
Slide 1: Financial Results for the Fiscal Year ended March 31, 2010
Financial Results for the Fiscal Year ended March 31, 2010 April 28, 2010 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
Slide 2: Table of Contents
Table of Contents I. Financial results for the FY ended March 2010 1. Summary of segment information 2. Changing factors of operating income 3. Segment information 4. Profit and loss 5. Balance sheets 6. Cash flows II. Projections for the FY ending March 2011 1. Assumptions of FY end. March 2011 pla
Slide 3: Summary of segment information
Summary of segment information *Semiconductors excluded from previous year Though net sales fell short of previous projection announced on February 3, operating income achieved profit as planned. [YoY comparison] zNet sales decreased by 47.7 B yen - Info-telecom: Sales decreased due to demands from
Slide 4: Changing factors of operating income
Changing factors of operating income z Impact of decrease in marginal profit from volume decline, price falls, and the strong yen was offset by reducing production and procurement costs and optimizing fixed costs. Operating (billon yen) income (loss) Results of FY ended March 2009 5.6 (excluding sem
Slide 5: Segment information: Info-telecom systems
Segment information: Info-telecom systems [Comparison with previous projections(Feb.3)] Net sales (Billion yen) Though sales mainly from enterprises decreased due to economic stagnation, operating income 302.3 increased through efforts in cutting fixed costs, etc. 274.9 280.0 18.9 Others 14.0 [YoY c
Slide 6: Segment information: printers
Segment information: printers [Comparison with previous projections(Feb.3)] Sales decreased due to the decline of unit sales influenced Net sales (Billion yen) by the sluggish economy in the U.S. and Europe. Operating income fell below the plan due to the impact of decrease in marginal profit from v
Slide 7: Profit and loss
Profit and loss FY Mar. FY Mar. Previous [YoY comparison] (Billion yen) 2010 2009 ＊ Projections z Impact of semiconductor transfer: Net sales 443.9 545.7 456.0 Net sales declined by 54.1B yen Excluding Operating loss improved by 5.1B yen Semiconductors 491.6 ¾SG&A, excluding influence of (Cost of sa
Slide 8: Balance sheet [Assets]
Balance sheet [Assets] Cash and cash equivalents increased by 6.8 B yen, as free cash flows increased due to working capital improvement, despite decrease caused by redemption of interest bearing debt, etc. Inventories decreased by 17.5 B yen due to efforts in improving working capital, etc. (billio
Slide 9: Balance sheet [Liabilities and shareholders' equity]
Balance sheet [Liabilities and shareholders’ equity] Interest bearing debt declined by 31.3 B yen through redemption of corporate bonds, etc. (Net interest bearing debt decreased by 38.0 B yen.) Shareholders’ equity increased by 6.0 B yen due to the increase in the valuation adjustments of owned sha
Slide 10: Cash flows
Cash flows Cash flows from operating activities increased, mainly due to improved net income Free cash flows were appropriated for the redemption of corporate bonds. FY end. * FY end. Mar. end. Mar. end. 10 09 (Billion yen) I. Cash flows from operating activities 51.3 18.9 Income before income taxes
Slide 11: Table of Contents
Table of Contents I. Financial results for the FY ended March 2010 1. Summary of Segment information 2. Changing factors of operating income 3. Segment information 4. Profit and loss 5. Balance sheets 6. Cash flows II. Projections for the FY ending March 2011 1. Assumptions of FY end. March 2011 pla
Slide 12: Assumptions of FY end. March 2011 plans
Assumptions of FY end. March 2011 plans As the first year of the mid-term business plan, execute the plan steadily Establish a business structure that generates profit stably without depending on sales expansion even under the severe business environment [Direction of OKI’s approach] 1. Shift to a c
Slide 13: Revision of business segment
Revision of business segment z Change the base of business segment from market to products z Business segments; “Info-telecom systems”, “Printers”, and “Others” z Drive business operation by 6 business units based on products FY end. Mar.10 FY end. Mar.11 Segment Sub-segment Biz.unit Segment (Market
Slide 14: Summary of segment information
Summary of segment information [Full year comparison ] zNet sales is expected to increase by 6.1 B yen to 450.0 B yen. zOperating income is expected to decline by 2.0 B yen to 12.0 B yen. z“Others” segment: Both sales and operating income are expected to increase, mainly due to the increase in EMS b
Slide 15: Changing factors of operating income
Changing factors of operating income [Main factors of changes] zChange in volume and product mix: +6.5 billion yen ¾ Increase in marginal profits through increased sales for printers. Improvement in profitability by accelerating business selection and concentration. [Reference : Currency exchange ra
Slide 16: Segment information: Info-telecom systems
Segment information: Info-telecom systems (billion yen) Net sales is expected to decline by 5.4B yen. Net sales ¾ Solutions & services: 262.0 267.4 Mechatronics Sales for ATM monitoring services will increase. OKI 58.7 systems plans to start LCM service. Focus on developing large 61.5 project of ban
Slide 17: Segment information: Printers
Segment information: Printers Impact of currency exchange; sales and operating (billion yen) income are expected to decrease by 8.0 B yen and 2.9 Net sales B yen. 142.0 140.3 Net sales is expected to increase by 9.7 B yen. (Currency exchange is excluded.) 30.5 35.2 SIDM, etc ¾The NIP market is showi
Slide 18: Profit and loss projections
Profit and loss projections z Recurring income declines by 0.8 B yen, to 8.0 B yen, despite operating income declining by 2.0 B yen, since other income and expenses is expected to improve due to a decrease in interest-bearing debt. z Net income is expected to reach 4.5 B yen, improving by 0.9 B yen.
Slide 19: Cash flow projections
Cash flow projections Generate 13.0B yen free cash flows, and reduce net interest bearing debt FY end. Mar. FY end. Mar. 2011 2010 (billion yen) (Plan) (Results) I. Cash flows from operating activities 30.0 51.3 II. Cash flows from investing activities (17.0) (13.0) Free cash flows (I+II) 13.0 38.3
Slide 20: Capital expenditure & R&D expenses projections
Capital expenditure & R&D expenses projections OKI aims to strengthen competitive edge by investing proactively in the focusing businesses Property, Plant & Equip. (Billion yen) R&D Expenses [Capital Expenditure] 13.0 15.7 15.0 14.6 10.3 8.6 2.5 Others 2.9 2.5 Others 0.9 4.5 Printer 4.2 5.5 5.8 6.0