Ushio Inc. · TSE:6925
Ushio — Q3 FY2013 Earnings Presentation
20 slides from Ushio's earnings presentation, Jan 31, 2014
Slide 1: 3rd Quarter FY2013 Financial Results
3rd Quarter FY2013 Financial Results USHIO INC. Jan. 31, 2014 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual results may
Slide 2: Agenda
I. Financial Results for 3Q FY2013 II. Forecasts for FY2013 III. Supplementary Information 2
Slide 3: Highlights of Financial Results for 3Q FY2013
Highlights of Financial Results for 3Q FY2013 For the first three quarters/FY2013, consolidated net sales increased by 7.7% YoY to ¥113.8 billion. Consolidated operating income increased by 56.7% to ¥8.4 billion. Market Trend as a Background Factor Electronics Market: In the markets for flat-panel
Slide 4: Summary of Financial Results 3Q FY2013
Summary of Financial Results 3Q FY2013 FY12 FY13 YoY FY12 FY13 YoY (Billions of yen) 1-3Q 1-3Q Changes ％ 3Q 3Q Changes ％ Net Sales 105.7 113.8 +8.1 +7.7 34.4 38.1 +3.6 +10.6 Operating Income 5.4 8.4 +3.0 +56.7 1.5 2.6 +1.2 +67.3 Operating Income Ratio (%) 5.1 7.4 +2.3P - 4.6 6.9 +2.3P - Ordinary Inc
Slide 5: Financial Results Trend (Quarterly Comparison)
Financial Results Trend 《Quarterly Comparison》 QoQ (Billions of Yen) 1Q 2Q 3Q Changes ％ Net Sales 35.4 40.2 38.1 ▲2.1 ▲5.4 Operating Income 2.2 3.5 2.6 ▲0.9 ▲26.1 Operating Income Ratio (%) 6.4 8.8 6.9 ▲1.9P - Ordinary Income 3.4 4.2 4.4 +0.1 +3.9 Net Income 3.0 2.1 4.0 +1.9 +92.7 EPS (Yen) 23.28 16
Slide 6: Financial Results by Business Segments
Financial Results by Business Segments (Billions of Yen) FY12 FY13 YoY FY12 FY13 YoY Business Segments 1-3Q 1-3Q Changes ％ 3Q 3Q Changes ％ Equipment Net Sales 63.5 65.3 +1.8 +2.8 20.3 21.2 +0.9 +4.4 Operating Income 0.8 2.7 +1.8 +219.5 0.3 0.6 +0.3 +80.6 Operating Income(%) 1.3 4.2 +2.8P - 1.8 3.2 +
Slide 7: Equipment Business Segment Net Sales
Equipment Business Segment 《Net Sales》 《1-3Q ttl》 Net Sales Changes ◆ Imaging Equipment: (Billions of Yen) 63.5 65.3 +1.8 Sales increased YoY and QoQ, lifted by ▲0.0 exchange rate effects, sales of DCPs to Illumination 0.9 0.9 emerging markets, and brisk sales of general imaging equipment. ◆Optical
Slide 8: Light Sources Business Segment Net Sales
Light Sources Business Segment 《Net Sales》 《1-3Q ttl》 Net Sales Changes (Billions of Yen) 39.7 46.6 +6.8 ◆ Discharge Lamps: Sales increased both YoY and QoQ. Sales of xenon lamps for cinema projectors marked a Discharge new record high. Sales of UV lamps were firm, 36.8 +5.7 as capacity utilization
Slide 9: Forecasts for FY2013
I. Financial Results for 3Q FY2013 II. Forecasts for FY2013 III. Supplementary Information 9
Slide 10: Forecast for FY2013
Forecast for FY2013 FY13 Achievement (Billions of Yen) 1-3Q (Forecast) Rate (%) Net Sales 160.0 113.8 71.2 Operating Income 12.5 8.4 67.8 Operating Income (%) 7.8 7.4 - Ordinary Income 14.5 12.1 84.1 Net Income 10.0 9.2 92.2 EPS (Yen) 76.26 70.28 - ROE (%) 5.6 - - Dividend (Yen) 22 - - Payout Ratio
Slide 11: Sales Achievement Status for 1st Year Forecast of Mid-term Vision
Sales Achievement Status for the 1st Year Forecast of Mid-term Vision by Business Segments 《Net Sales》 1st Year (Billions Forecast Achievement Forecast for FY2013 (Comparison with 1st of Yen) of Mid-term 1-3Q Rate (%) Year Forecast of Mid-term Vision) Vision DCP shipment volume to match previous fis
Slide 12: Equipment Business FY2013
FY2013 Equipment Business Imaging Equipment Field: In DCP sales, USHIO expects full-year shipment volume on par with the previous fiscal year, reflecting stable shipments of the “Solaria” series, a compact DCP aimed at emerging markets. While “Solaria” is a low-cost model, exchange rate effects are
Slide 13: Supplementary Information
I. Financial Results for 3Q FY2013 II. Forecasts for FY2013 III. Supplementary Information 13
Slide 14: Sales Trend by Product Groups
Sales Trend by Product Groups 45.0 40.2 38.1 37.6 0.8 35.9 35.3 35.4 0.6 34.4 0.8 0.4 0.9 0.7 0.4 0.4 0.3 0.7 0.2 0.4 0.2 Equipment 0.2 30.0 16.2 14.0 24.0 17.1 13.6 14.8 20.0 21.2 15.7 14.3 22.2 (59.6%) (55.8%) 21.9 21.3 20.3 (59.1%) (60.9%) (60.3%) (56.7%) (59.1%) 7.8 7.3 3.7 5.8 7.2 5.7 5.0 Light
Slide 15: Net Sales and Operating Income by Geographic Segments
Net Sales and Operating Income by Geographic Segments《1-3Q》 Foreign Sales Ratio 《1-3Q》 ◆Net Sales FY12 FY13 ◆FY12 Others (Billions of Yen) 0.7% 60.0 56.7 47.8 Europe Japan 14.4% 24.8% 40.0 30.9 26.2 24.1 Net Sales 20.6 105.7 20.0 (Billions 6.2 6.6 Asia of Yen) North 35.0% 0.0 America 25.0% Japan Nor
Slide 16: Other Income and Expenses
Other Income and Expenses《1-3Q》 (Billions of Yen) FY12 FY13 YoY Other Income 1.5 3.9 +2.4 Interest income 0.2 0.4 +0.1 Dividend 0.8 0.8 +0.0 Exchange Gain - 1.4 +1.4 Gain on trading securities 0.0 0.3 +0.2 Others 0.3 0.6 +0.3 Other Expenses 0.6 0.2 ▲0.3 Interest expenses 0.1 0.1 +0.0 Others 0.4 0.1
Slide 17: Balance Sheet
Balance Sheet ◆ Asset s ◆ Liabilities・Total Net Assets (Billions of Yen) Changes (Billions of Yen) Changes 258.0 258.0 +0.6 Notes and Accounts Payable 228.6 +7.4 Cash and Bank Deposits 228.6 17.2 +1.2 Other Current Liabilities 49.5 22.5 16.6 +4.7 Long-term Liabilities Notes and Accounts 18.6 42.1 ▲0
Slide 18: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Capital Expenditures, Depreciation and Amortization, R&D Expenses ◆Capital Expenditures, ◆ R&D Expenses Depreciation and Amortization Capital Depreciation R&D Expenses Ratio of R&D Expenditures and Expenses to Net Sales Amortization (%) (Billions of Yen) (Billions of Yen) (%) 7.0 10.0 15.0 5.8 7.0 8
Slide 19: Press Release
Press Release Development of VUV Direct Sales Launch of TheraBeam® Super Participation in Georgia Tech Denitration Technology Osseo in Europe 2.5D Consortium (Announced October 29, 2013) (Announced November 15, 2013) (Announced December 2, 2013) Exhaust, which contains NOx, Bombarding the surface of
Slide 20: Contact: IR & Public Relations, USHIO INC.
Contact: IR & Public Relations, USHIO INC. Email: contact@ushio.co.jp http://www.ushio.co.jp/global/ 20