Smk Corporation · TSE:6798
Smk — Q3 FY2009 Earnings Presentation
31 slides from Smk's earnings presentation, Jan 28, 2010
Slide 1: Business Report for FY2009
1/31 Business Report for FY2009 From Apr. to Dec. 2009 SMK Corporation Jan, 2010
Slide 2: FY2009 Outline of 1Q~3Q Financial Statement
2/31 FY2009 Outline of 1Q~3Q Financial Statement Director and Executive Vice President Hajime Yamada
Slide 3: Consolidated 1Q~3Q Financial Result
<Consolidated> 1Q~3Q Financial Result 3/31 Net Sales: Million yen Income: Million yen - 19.3% 80,000 8,000 60,038 60,000 6,000 48,444 40,000 +98.7% 4,000 2,113 2,046 20,000 1,701 2,000 1,063 1,249 0 0 - 327 -20,000 FY2008 FY2009 -2,000 Apr-Dec Apr-Dec Net Sales Operating Income Ordinary Income Net I
Slide 4: Consolidated Financial Highlights (Quarterly)
＜Consolidated＞Financial Highlights (Quarterly) 4/31 Unit : Million yen 1st Half Term 2nd Half Term Fiscal Term FY2009 Plan 1Q Result 2Q Result TOTAL 3Q Result 4Q Plan TOTAL(Plan) TOTAL(Plan) (09/Apr～Jun) (09/Jul～Sep) (09/Apr～Sep) (09/Oct～Dec)(10/Jan～Mar)(09/Oct～10/Mar) (09/Apr～10/Mar) ① Net Sales 15
Slide 5: Consolidated Trends in performance
＜Consolidated＞Trends in performance 5/31 Net Sales,Operating Income (Quarterly) Unit : Net Sales Unit : Operating Income Million yen Million yen 25,000 1,500 23,243 1067 929 937 1,000 706 21,357 20,000 500 470 16,596 0 15,684 16,164 15,000 15,438 -500 -1,000 - 825 12,704 - 933 10,000 -1,500 FY2 0 0
Slide 6: Consolidated Sales Expenses
<Consolidated> Sales Expenses 6/31 FY2008 FY2009 Unit : Million yen Apr-Dec Apr-Dec ( ) : percentage to 58,975 sales amount [(Material costs＋Expenses for 46,331 external manufacturing processing) (98.2%) Material costs improved by 2.5%] 60,000 61.3%→58.8% -1,250 million yen 50,000 (95.7%) [Labor cos
Slide 7: Analysis of sales expenses
7/31 ＜Consolidated＞ Analysis of sales expenses Analysis of factors for increase/decrease of consolidated operating income [ FY2008 APR-DEC VS FY2009 APR-DEC ] Total Unit : Million yen 5,000 1,050 million yen Factors for profit Factors for profit 4,000 increase decrease 3,000 Total 5,537 Total - 4,48
Slide 8: Non-operating profit and loss
8/31 ＜Consolidated＞ Non-operating profit and loss Unit : Million yen ( ) : percentage to Exchange gain ÆExchange loss sales amount FY2008 FY2009 Apr-Dec Apr-Dec (Average rate/within a term) 1,000 638 - 67 Currency exchange …P/L reduction profit/loss (1.0%) (- 0.2%) 1．FY2008 3Q Average(08/Apr-Dec) 17
Slide 9: Extraordinary gain or loss
9/31 ＜Consolidated＞ Extraordinary gain or loss FY2008 FY2009 Unit : Million yen Apr-Dec Apr-Dec 200 - 306 - 1,307 Gain from sale of fixed assets 54 111 0 - 37 8 - 13 - 110 Loss due to impairment -200 - 294 - 641 -400 Loss from revalutaion investment securities -600 Loss on compensasion for -800 prod
Slide 10: Consolidated Cash Position
10/31 ＜Consolidated＞ Cash Position Unit : Million yen ２００９ / Mar ２００９ / Dec Differential （Ａ） （Ｂ） （Ｂ－Ａ） Assets ５８，１６８ ５７，７３２ - ４３６ Cash and cash equivalents ９，０８１ ９，１４８ ６７ Accounts receivable １４，８６４ １６，６１３ １，７４９ Inventories ６，２３５ ６，０２５ - ２１０ Fixed assets ２３，８６５ ２２，４６４ - １，４０１ Liabilities ２９，０８８ ２７，５６
Slide 11: Consolidated Cash Flow Position
11/31 ＜Consolidated＞ Cash Flow Position Unit : Million yen FY2008 Apr-Dec FY2009 Apr-Dec Operating Cash Flow ５，４５４ ７，５３５ Working capital ３，０１１ ４８ Income before income taxes ３９４ １，７４０ Depreciation ４，１０８ ２，８８６ Others - ２，０５９ ２，８６１ Investing Cash Flow - ３，３２９ - １，９９１ Free Cash Flow ２，１２５ ５，５４４ Financin
Slide 12: FY2009 1Q~3Q Result and Prospect
12/31 FY2009 1Q~3Q Result and Prospect President and COO Tetsuya Nakamura
Slide 13: Half Fiscal Term Performance (FY2007-FY2009)
13/31 Half Fiscal Term Performance (FY2007-FY2009) Unit : Million yen 50,000 8,000 44,031 43,628 44,600 45,000 7,000 40,000 6,000 34,720 5,000 35,000 32,280 3,904 4,000 30,000 3,807 3,165 28,142 3,000 2,337 25,000 2,018 1,710 1,282 2,000 1,996 1,757 20,000 1,847 1,643 423 1,260 1,000 940 15,000 0 -2
Slide 14: Full Fiscal Term Performance (FY2007-FY2009)
14/31 Full Fiscal Term Performance (FY2007-FY2009) Sales Amount : Million yen Income : Million yen 100,000 8,000 90,000 87,659 7,000 80,000 6,000 72,742 70,000 70,000 5,654 67,000 5,000 4,327 60,000 4,000 3,300 50,000 3,400 3,000 2,200 40,000 2,200 2,000 2,094 1,029 30,000 1,500 1,500 1,000 238 20,0
Slide 15: Fiscal Term Sales & Operating Income Performance (FY2000-FY2009)
Fiscal Term Sales & Operating Income 15/31 Performance (FY2000-FY2009) Sales Amount : Income : Million yen 90,000 Million yen 87,659 12,000 Published number 11,000 80,000 72,742 10,000 70,000 66,438 67,000 9,000 60,000 8,000 7,000 50,000 5,654 6,000 5,166 40,000 4,134 4,290 5,000 3,494 3,400 4,000 3
Slide 16: Trends in performance Net Sales (Quarterly)
16/31 ＜Consolidated＞ Trends in performance Net Sales (Quarterly) ( ) :1Q-3Q Sum Total Unit : Million yen 90,000 87,659 80,000 20,688 72,742 Compared Compared to to 70,000 FY2008 FY2008 3Q 3Q :: 80.7% 80.7% 12,704 60,000 (60,038) 22,940 4Q 15,438 (48,444) 50,000 3Q 104.7% 40,000 16,164 2Q 1Q 23,610 2
Slide 17: Trends in performance Operating Income (Quarterly)
＜Consolidated＞ Trends in performance 17/31 Operating Income (Quarterly) 6,000 5,654 Unit : Million yen 306 5,000 1,541 4,000 3,000 2,088 4Q 238 2,113 3Q 2,000 470 2Q 929 937 1Q 1,000 1,719 1,067 706 0 -933 -1,000 -825 -2,000 FY2007 FY2008 FY2009
Slide 18: 1~3Q Net Sales by Market
＜Consolidated＞ 1～３Q Net Sales by Market 18/31 (FY2007-FY2009) Unit : Million yen 80,000 66,971 -19.3% 70,000 -11.0% 1,171 60,038 5,133 +8.4% 60,000 1,391 6,840 4,019 48,444 50,000 6,371 698 +3.3% -11.4% 2,541 5,643 40,000 27,917 24,609 -23.8% 30,000 18,756 +8.4% 5,492 20,000 5,152 -0.8% 5,112 10,000
Slide 19: Net Sales by Market (Quarterly)
19/31 Trends in performance Net Sales by Market (Quarterly) 30,000 Unit : Million yen 23,610 25,000 23,243 20,000 16,596 16,164 15,684 15,000 12,704 10,000 5,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2007 FY2008 FY2009 Audio & Visual Car Electronics Telecom Computer Amusement & Appliance Others
Slide 20: Audio and Visual Parts Market
20/31 Audio and Visual Parts Market zRemote Control < Net Sales/1Q~3Q Sum Total > Set top box、AV receiver,Blu-ray recorder etc… Unit : Million yen 84.8% of others 3 20,418 previous 18,493 year 20,000 7 18,496 11 8 5 15,691 zMemory Card Connector 15,000 TP 23 14,788 13,314 14,523 10,000 zHDMI Connect
Slide 21: Electrical Component Market
21/31 Electrical Component Market < Net Sales/1Q~3Q sum total > 99.2% of zResistive Touch previous Panel Unit : Million yen 5,492 year 5,115 5,152 5,112 1,945 zRemote 4,000 2,681 Control 2,603 TP 2,451 1,068 zMicrophone Unit 859 1,028 FC 705 2,000 2,136 1,650 CS 1,956 zSMB Coaxial 1,780 Connector 0
Slide 22: Communication Parts Market
22/31 Communication Parts Market zBoard to Board Connector < Net Sales/1Q~3Q sum total > （PB-4A series） Unit : Million yen 30,000 27,917 16 76.2% of 9 previous 2,404 24,609 year zCamera Module Connector 22,700 7 zMemory Card Connector others 25 280 2,838 9 20,000 3,594 18,756 TP 9 2,355 FC 2,972 zDo
Slide 23: Information Administration Equipment Parts Market
23/31 Information Administration Equipment Parts Market < Net Sales/1Q~3Q sum total > zResistive Touch 88.6% of Panel Unit : Million yen previous 8,000 7,584 year 33 750 others 6,840 16 6,371 806 46 zRemote Control 6,000 5,643 1,256 41 4,151 TP 1,810 3,156 4,000 2,588 FC 2,323 2,000 2,645 2,858 2,47
Slide 24: Net Sales by Product Division (FY2007-FY2009)
Reference：＜Consolidated＞Net Sales by Product Division 24/31 (FY2007-FY2009) Unit : Million yen 50,000 1H 2H 44,031 44,600 43,628 45,000 2,282 2,799 2,974 40,000 34,720 35,000 15,974 16,543 32,280 16,968 4,785 30,000 4,404 28,142 2,343 25,000 12,996 15,515 20,000 11,827 15,000 25,775 25,258 23,686 10
Slide 25: Operating Income by Product Division (FY2007-FY2009)
Reference：＜Consolidated＞ Operating Income 25/31 by Product Division (FY2007-FY2009) Unit : Million yen 6,000 5,654 849 5,000 4,000 3,400 286 3,000 4,815 1,877 2,000 1,000 238 1,237 -10 754 0 -276 -239 FY2007 Result FY2008 Result FY2009 Plan -1,000 CS FC TP
Slide 26: Monthly booking: Compared to last year
Monthly booking : Compared to last year 26/31 (With the average of electronic parts manufactures) Compared to last year （％） 80.0% 60.0% SMK 40.0% 20.0% 0.0% 08/01 08/02 08/03 08/04 08/05 08/06 08/07 08/08 08/09 08/10 08/11 08/12 09/01 09/02 09/03 09/04 09/05 09/06 09/07 09/08 09/09 09/10 09/11 09/12
Slide 27: Monthly booking Entry (FY2003~)
27/31 Monthly booking Entry (FY2003～） FY2009 FY2008 FY2007 FY2006 FY2005 FY2004 FY2003 Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Slide 28: Paradigm Shift
28/31 Paradigm Shift The Thechange changeof ofmarkets markets The Theimpact impactof ofmanufacturing manufacturingindustry industry past past Lower price=Poor quality present present Lower price = Acceptable quality From vertical integration to horizontal division of work There is a move to introduc
Slide 29: SMK's Basic Management Policy 2010
29/31 SMK’s Basic Management Policy 2010 Basic Stance Expansionary Course Accompanied by Fair Profit Technical/Product Active Development Investment Environmental Use of Photovoltaic Power Business Connectors, Junction Boxes Creating an Exciting Future
Slide 30: 2010 Slogan
30/31 2010 Slogan
Slide 31: Notice
31/31 Notice All information in this material concerning the forecast of business achievements, projections of general business conditions and our business strategies is dependent on our conclusion made to a normally foreseeable extent applying information reasonably accessible to us at the time of