Slide 1: ESPEC CORP. Results Briefing Q2 Fiscal Ending March 2013
Securities ID code:6859 ESPEC CORP. Results Briefing for The Second Quarter of Fiscal Ending March 2013 November 20, 2012 www.espec.co.jp
Slide 2: Table of Contents
Table of Contents Summary of ESPEC Business Financial Results of the Second Quarter of Fiscal Ending March 2013 Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 Business Plan for the Second-half Period
Slide 3: Summary of ESPEC Business
Summary of ESPEC Business Individual Business Market / Use Sales composition Main Products Market Use (2013/3 2Q) Temperature & humidity chamber Electronic Walk-in type temperature & component humidity chamber and equipment R&D Credibility Environmental Test Thermal shock chamber Automobile and eval
Slide 4: Financial Results of the Second Quarter
Financial Results of the Second Quarter of Fiscal Ending March 2013
Slide 5: Financial Highlights
Financial Results of the Second Quarter of Fiscal Ending March 2013 Financial Highlights Profit increased significantly despite a slight decrease in both the amount of orders received and sales from the same period of the previous year. Profit (Loss) Capital spending by manufacturers in markets rela
Slide 6: Summary of Profits and Losses
Financial Results of the Second Quarter of Fiscal Ending March 2013 Summary of Profits and Losses (million yen) Rate of Change Orders-Received Net sales Cost of Net Sales Gross profit SG & A Operating income Ordinary income Quarterly net income Sales decreased slightly due to shrinkage in the equipm
Slide 7: Analysis of Operating Income
Financial Results of the Second Quarter of Fiscal Ending March 2013 Analysis of Operating Income Increase and Decrease Factor Equipment Business Service Business Other Business Elimination (million yen) 18 Increase and decrease of the 228 132 amortization Depreciation and gross profit by the fluctua
Slide 8: Analysis of Assets and Liabilities
Financial Results of the Second Quarter of Fiscal Ending March 2013 Analysis of Assets and Liabilities Increase and Decrease Factor (million yen) Assets Liabilities and Net assets 543 Cash and deposits 609 2,462 34 146 359 Intangible assets 86 254 60 268 payable-trade Notes and accounts other assets
Slide 9: Statement of Cash Flow
(million yen) Net increase in cash Financial Results of the Second Quarter of Fiscal Ending March 2013 and cash equivalents Effects of exchange rate change on cash and cash equivalents Total financial cash flow Others Cash dividends paid Total investment cash flow Others Purchase of property, plant
Slide 10: Analysis per Segment of the Second Quarter
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013
Slide 11: Equipment Business
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 Equipment Business Environmental Test Chambers In the Japanese market, sales of new products remained brisk, while sales of customized products and walk-in type temperature (& humidity) chambers decreased from the same period of
Slide 12: Equipment Business Results
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 (million yen) Initially projected figures Year on year Orders- Received Net Sales Operating Income [ ] [ ] [Profit ratio (%)]
Slide 13: After-sales Service and Commissioned Tests
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 (million yen) Initially projected Year on year figures Orders- Received Net Sales Operating Income [Profit ratio (%)] [ ] [ ] After-sales Service and Engineering The amount of orders received and sales decreased from the same per
Slide 14: Environmental Engineering and Plant Factory
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 (million yen) Initially Year on year projected figures Orders- Received Net Sales Operating Income [ ] [ ] [Profit ratio (%)] Environmental Engineering and Plant Factory The environmental engineering business segment (including f
Slide 15: Non-consolidated (Equipment business)
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 Non-consolidated (Equipment business) Other markets Automobile market Flat panel display market Electronic device and equipment market Semiconductor market
Slide 16: Overseas sales ratio
Analysis per Segment of the Second Quarter of Fiscal Ending March 2013 2012/3 2Q 2013/3 2Q Overseas sales ratio 35.7% Overseas sales ratio 40.9% 2012/3 2013/3 2Q 2Q Total:14,306 million yen Total:14,290 million yen (Overseas sales:5,103 million yen (Overseas sales:5,841 million yen
Slide 17: Business Plan for the Full-year Periods
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013
Slide 18: Targets for Consolidated Revenues and Earnings
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 Targets for Consolidated Revenues and Earnings The targets for consolidated revenues and earnings have been revised against the backdrop of uncertainty in the business environment. Business Climate Surrounding ESPEC Prolong
Slide 19: Full Fiscal Year Plan March 2013
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 Full Fiscal Year Plan March 2013 2012/3 2013/3 Second half Full year (Plan) Initially Full year First half (Revision projected (million Result (Result) Plan) Revision plan Year on year figures yen) Orders-received Net sales
Slide 20: Equipment Business Plan
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 Equipment Business (million yen) 2012/3 2013/3 Full year (Plan) Full year First half Second half (Revision Initially Result (Result) Plan) Revision Year on year projected Plan figures Orders- Received Net Sales Operating In
Slide 21: Service Business Plan
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 (million yen) 2012/3 2013/3 Full year (Plan) Full year Second half First half Initially (Revision Revision Result (Result) Year on year projected Plan) Plan figures Orders- Received Net Sales Operating Income [Profit ratio
Slide 22: Other Business Plan
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 Other Business (million yen) 2012/3 2013/3 Full year (Plan) Full year Second half First half Initially (Revision Revision Result (Result) Year on year projected Plan) Plan figures Orders- Received Net Sales Operating Income
Slide 23: Dividends
Business Plan for the Full-year Periods of the Fiscal Year Ending March 2013 Dividends Dividend policy Recognizing that passing on profits to our shareholders is a key priority and that raising corporate value on a lasting basis is fundamental to raising shareholder value, dividends are decided taki
Slide 24: Business Plan for the Second-half Periods
Business Plan for the Second-half Periods of the Fiscal Year Ending March 2013
Slide 25: Management Policy for the Fiscal 2012
Business Plan for the Second-half Periods of the Fiscal Year Ending March 2013 Management Policy for the Fiscal 2012 Basic policy Creation of “Powerful Products” and “Powerful Factories” Policy 1 Policy 2 Expand Overseas Business Accelerate growth in the green Operations Primarily in China technolog
Slide 26: Policy 1. Accelerate Growth in Green Technology Market
Business Plan for the Second-half Periods of the Fiscal Year Ending March 2013 Policy 1. Accelerate Growth in the Green Technology Market Revision plan for the fiscal 2013 [Non-consolidated] Sales in Green Technology Market ¥ 3,500 million Increase ¥700 million (Year on year) Measures of second-half
Slide 27: Policy 2. Expand Overseas Business in China and Asia
Business Plan for the Second-half Periods of the Fiscal Year Ending March 2013 Policy 2. Expand Overseas Business Operations Primarily in China and Asia Revision plan for the fiscal 2012 [Consolidated] Overseas sales ¥ 12,000 million Increase ¥1,100 million (Year on year) Measures of second-half per
Slide 28: Policy 3. Cultivate Japanese Markets in More Depth
Business Plan for the Second-half Periods of the Fiscal Year Ending March 2013 Policy 3. Cultivate Japanese markets in more depth to enhance profitability Revision plan for the fiscal 2012 [Consolidated] Japanese market sales ¥ 20,000 million Decrease ¥1,000 million (Year on year) Measures of second
Slide 29: Quality is more than a word
Quality is more than a word ESOEC Copyright (C) 2012 ESPEC CORP. All rights reserved 29
Slide 30: Forward-looking statements and inquiries
These materials contain forward-looking statements, including the Company’s present plans and forecasts of performance, that reflect the Company’s plans and forecasts based on the information presently available. These forward-looking statements are not guarantees of future performance, and plans, f
Slide 31: Reference
ESMEC Reference
Slide 32: Company and Business Profile
Company and Business Profile
Slide 33: Company Profile
Company Profile Company Profile Name ESPEC CORP. Head Office 3-5-6, Tenjinbashi, Kita-ku, Osaka Represented By Masaaki Ishida Established July 25,1947 Incorporated January 13,1954 Paid-up Capital ¥6,895Million Shares Issued 23,781,394 Shares Head Office Employees 1,352 (consolidated) Main Business M
Slide 34: Global Network
Global Network Global Network U.S.A. EU ESPEC NORTH AMERICA, INC. ESPEC EUROPE GmbH ASIA JAPAN SHANGHAI ESPEC ENVIRONMENTAL ESPEC CORP. EQUIPMENT CORP. ESPEC TECHNO CORP. GUANGZHOU ESPEC ENVIRONMENTAL ESPEC KYUSHU CORP. EQUIPMENT CO., LTD. ESPEC MIC CORP. ESPEC ENVIRONMENTAL EQUIPMENT MIC FARM OHGUC
Slide 35: History of Environmental Test
History of Environmental Test History of Environmental Test What is Environmental Test Test to analyze and evaluate effects of environmental factors such as temperature, humidity, pressure, and light on various industrial products like electronic components in order to ensure product quality. <1950s
Slide 36: Transition in Business
Transition in Business Transition in Business Expanding business based on the “environmental creation technology” refined during the course of developing environmental test chambers large scale integration Plug-in Hybrid Electric Vehicle Integrated circuit surface mount package storage of electricit
Slide 37: Usage Case with Environmental Test Chambers
Equipment Business [Equipment Business] Usage Case with Environmental Test Chambers Car Navigation (GPS) Compact Size Motor Secondary Cell Secondary Cell (Battery) Power Device In-vehicle Sensor Representative Examples In-vehicle for Environmental Testing Sensor Device Process/Test Condition Our Pro
Slide 38: Introduction of New Products
Equipment Business [Equipment Business] Introduction of New Products Release Name of product Features Date 2012/5 Vacuum Oven Saving energy up to 40% Ease of customization 2012/5 Stability test chamber (First in the industry) 2 C 5% guarantee for the temperature/humidity settings 2012/3 Temperature
Slide 39: TOPICS: Good Design Award 2012
Equipment Business [Equipment Business] TOPICS The Platinous J series temperature (& humidity) chambers won the Good Design Award 2012! The Platinous J series products were highly evaluated for their sophisticated design, which focused on excellent usability, in addition to their unique features of
Slide 40: Usage Case with Energy Device Equipment
Equipment Business [Equipment Business] Usage Case with Energy Device Equipment Charge-discharge Cycle Evaluation Equipment Equipment for ensuring the reliability and safety of lithium-ion secondary batteries for next-generation vehicles (e.g., hybrid and electric vehicles) Secondary Batteries Charg
Slide 41: Usage Case with Semiconductor Equipment
Equipment Business [Equipment Business] Usage Case with Semiconductor Equipment Screening Used for inspection in the manufacture of semiconductor devices to ensure product reliability suitable for mass production Semiconductors Heat load Burn-in chamber Elimination of latent early failures Reliabili
Slide 42: Usage Case with FPD Equipment
Equipment Business Completion Lamination Cell Process Assembly Process Orientation film Module Process baking process Seal stiffening process substrate Usage Case with FPD Equipment substrate TFT CF Drying/Anneal Anneal Transparent electrode Single Loading Plate Processing System TFT process formati
Slide 43: Service Business
Service Business [Service Business] After–sales Service and Engineering Preventive maintenance of products, maintenance service, and the upgrading/improvement and installation/relocation of products Speedy response via one of the most extensive networks in Japan Extending support through a full-fled
Slide 44: Environmental Engineering Business
Other Businesses [Other Business] Environmental Engineering Business Environmental Engineering Business Forest recovery Recovery of local forest by selecting species and planting out seedlings using potential natural vegetation data. Waterfront recovery Reconstruction of natural environment, develop
Slide 45: Plant Factory
[Other Business] Plant Factory Plant Factory Provision of various cultivation environments employing advanced environmental control technologies to control light, temperature, humidity, carbon dioxide, etc. Plantcellar Container plant factory Phyto-toron This compact vegetable This is a container-ty