Slide 1: 1Q FY18/12 Results Briefing
1Q FY18/12 Results Briefing May 11, 2018 Sodick Co., Ltd.
Slide 2: Table of Contents
Table of Contents Consolidated Accounting Period for FY17/12 (Previous FY) ……………………………………. 3 I. 1Q FY18/12 Financial Results Summary …………… 4 II. Figures for the Purpose of Comparison …………. 12 III. FY18/12 Financial Results Projections …………. 16 (Reference Materials) …………………………………… 20 2
Slide 3: Consolidated Accounting Period for FY17/12 (Previous FY)
Consolidated Accounting Period for FY17/12 (Previous FY) Sodick changed its fiscal year-end from March 31 to December 31, effective from FY2017, thereby eliminating the three-month difference between the parent’s year-end and year-ends of its subsidiaries in China. Accordingly, the year ended Decemb
Slide 4: I. 1Q FY18/12 Financial Results Summary
I. 1Q FY18/12 Financial Results Summary
Slide 5: Financial Results Highlights (on a Financial Report Basis)
Financial Results Highlights (on a Financial Report Basis) Although the Chinese New Year holiday partially affected manufacturing and sales, both orders and sales continued to be robust after the holiday. Gross profits margin improved due to steady sales of EDMs and growing sales of high precision m
Slide 6: Ratio of Operating Income to Net Sales
Ratio of Operating Income to Net Sales (Quarterly: on a Financial Report Basis) Although the Chinese New Year holiday partially affected manufacturing and sales, both orders and sales continued to be robust after the holidays. Operating income margin remained at a high level of 12.1% owing to steady
Slide 7: Financial Results by Segment (on a Financial Report Basis)
Financial Results by Segment (on a Financial Report Basis) million yen Machine tool segment 1Q 1Q In China, although the Chinese New Year holiday partially affected manufacturing and sales, FY17/12 FY18/12 the increasing sophistication and automation of manufacturing and the government’s Actual Actu
Slide 8: Net Sales by Segment (on a Financial Report Basis)
Net Sales by Segment (on a Financial Report Basis) Maintenance services and consumables, a stable source of cash, account for about 18% of total net sales. Machine tool segment Industrial machinery segment Food processing machinery segment Maintenance services and consumables Maintenance services an
Slide 9: Overseas Sales Ratio by Segment (on a Financial Report Basis)
Overseas Sales Ratio by Segment (on a Financial Report Basis) * Due to irregular settlement of accounts resulting from the fiscal Sodick has been developing its business globally with an overseas sales ratio of 61.3%. year-end change, figures for Jan-Jun period of Chinese subsidiaries whose fiscal y
Slide 10: Balance Sheet
Balance Sheet Accounts receivable-trade and inventories rose in line with increasing orders. The liquidity ratio remains above 200%. Assets Liabilities and net assets (million yen) (million yen) 140,000 140,000 121,815 122,657 121,815 122,657 120,000 120,000 24,943 27,628 Other liabilities 37,014 35
Slide 11: 1Q FY18/12 Topics (Exhibitions)
1Q FY18/12 Topics (Exhibitions) 1 West Japan Branch Private Show 2018 Sodick held the Private Show 2018 at our Osaka Sales Office (West Japan Branch). At the show, we displayed four types of our new machines and held a “Seminar on the latest processing technologies” with the cooperation of our group
Slide 12: II. Figures for the Purpose of Comparison
II. Figures for the Purpose of Comparison * These figures, which have not been audited, are provided only for the purpose of comparison. * Figures for the purpose of comparison are the figures adjusted after we eliminated the three- month difference between the parent’s year-end and the year-ends of
Slide 13: Financial Results Highlights (Adjusted)
Financial Results Highlights *Figures for the purpose of comparison (Adjusted) Million yen 1Q FY18/12 Jan-Mar 2017 Increase/Decrease Jan-Mar 2018) FY18 Full-year Income Income Projection Actual Actual Amount Rate margin margin Net sales 16,606 18,385 1,778 10.7% 81,000 Gross profit 5,829 35.1% 6,772
Slide 14: Financial Results by Segment (Adjusted)
Financial Results by Segment *Figures for the purpose of comparison (Adjusted) (million yen) 1Q FY18/12 Jan-Mar 2017 Increase/Decrease Jan-Mar 2018) Actual Actual Amount Rate Machine tool segment 11,316 13,366 2,050 18.1% Industrial machinery 3,072 2,424 -648 -21.1% segment Food processing Net sales
Slide 15: Overseas Sales Ratio by Segment (Adjusted)
Overseas Sales Ratio by Segment *Figures for the purpose of comparison (Adjusted) Sodick has been developing its business globally with an overseas sales ratio of 61.3%. (million yen) Japan North and South America Europe Greater China Asia 8,000 7,000 6,000 Machine tools 5,000 Industrial machinery 4
Slide 16: III. FY18/12 Financial Results Projections
III. FY18/12 Financial Results Projections
Slide 17: Market Environment
Market Environment Japan: We expect sustained solid demand due to the government subsidy programs and replacement demand due to facility aging. North America: Bolstered by the corporate tax cuts, capital investment demand is expected to increase mainly in the automotive, aerospace and medical equipm
Slide 18: FY18/12 Financial Results Projections
FY18/12 Financial Results Projections Despite income margins declining in line with an increase in fixed cost such as personnel expenses and depreciation, sales to China, the largest market, are expected to increase. Net sales are likely to reach 81,000 million yen, hitting an all-time high. million
Slide 19: FY18/12 Financial Results Projections by Segment
FY18/12 Financial Results Projections by Segment Machine tool segment (million yen) In Japan, steady earnings are expected as there is a FY18/12 FY18/12 FY17/12 demand in replacing aging equipment. Progress Group-wide: While capital investment demand is likely to increase toward Jan-Dec) in North Am
Slide 20: (Reference Materials)
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Slide 21: Domestic and Overseas Sites
Domestic and Overseas Sites Sodick America Sodick, Inc. Shanghai Sodick Miyazaki Plant Kaga Plant Corporation(San Jose) (Chicago) Software Co., Ltd. Head Office and Research and Technology Center Sodick Europe Ltd. (U.K.) Fukui Plant Sodick Deutschland GmbH Sodick Korea (Germany) Co.,Ltd. Sodick (Th
Slide 22: Participation in Major Exhibitions
Participation in Major Exhibitions The Company will participate in both domestic and overseas exhibitions, thereby engaging in proactive marketing. Dates Location Exhibition Notes 2018 Metalloobrabotka May 14-18 Russia Moscow (international show for the machine tool and metalworking industry May 16-
Slide 23: Disclaimer
Disclaimer This presentation material has been prepared exclusively for the purpose of providing information, the material was not created to advertise, solicit, market, etc., specific products or shares of the Company. This information included in this material is not required by the Financial Inst