JANOME Corporation · TSE:6445
JANOME — Janome Sewing Machine — H1 FY2009 Earnings Presentation
24 slides from JANOME's earnings presentation, Nov 4, 2008
Slide 1: Financial Results for First Six-Month Period and Outlook for FY Ending 31 March 2009
Financial Results for First Sixth-Month Period and Outlook for Fiscal Year Ending 31 March 2009 JANOME SEWING MACHINE CO., LTD. 4 November 2008 Cautionary Statement with respect to forward-looking statements The forecast and expectations stated in these materials are made according to the best judgm
Slide 2: Consolidated Financial Summary
Consolidated Financial Summary First Six-Month Period of Fiscal Year Ending 31 March 2009 (1 April through 30 September 2008) Results for 1H period and outlook for FYE 31 March 2009 2
Slide 3: Financial Results
Financial FinancialResults Results Million yen Six-month period Six-month period Over/(Under) ended 30 Sep 2007 ended 30 Sep 2008 (year on year) Net sales 23,116 21,752 (1,363) Operating income 417 227 (190) [Operating income ratio] 1.8% 1.0% (0.8%) Ordinary income 306 166 (140) [Ordinary income rat
Slide 4: Overview of Results (year on year comparison)
Overview Overviewof ofResults Results(year (yearon onyear yearcomparison) comparison) Million yen Operating income Net sales 417 Billion yen 400 23.116 21.752 227 20 200 15 0 Sep/2007 Sep/2008 Million yen Ordinary income 10 400 306 5 166 200 0 Sep/2007 Sep/2008 0 Sep/2007 Sep/2008 Results for 1H per
Slide 5: Factors for Profit Decline
Factors Factorsfor forProfit ProfitDecline Decline 1. Concern of global economic slowdown due to financial crisis triggered by economic and credit turmoil in United States a. Retraction in consumer demand (sewing machine business) b. Gearing-down in facility investment (industrial equipment business
Slide 6: Analysis of Operating Income (year on year comparison)
Analysis Analysisof ofOperating OperatingIncome Income(year (yearon onyear yearcomparison) comparison) Million yen 800 Operating income Operating income Operating income 417 (190) 227 600 400 Cost Raise in Effect of reduction sales price weaker USD efforts 200 against JPY 520 200 (200) Price climbs
Slide 7: Business Segments
Other businesses Business BusinessSegments Segments Industrial equipment Home use sewing machines 23.116 Net sales Operating income/(loss) Million yen Billion yen 21.752 500 417 3.086 2.914 20 400 2.7 260 2.481 300 227 15 17.328 16.356 200 130 10 191 100 182 5 0 (6) (94) 0 (100) Sep/2007 Sep/2008 Se
Slide 8: Geographic Information
Sep/2007 Geographic GeographicInformation Information Sep/2008 Million yen Net sales Million yen Operating income/(loss) 600 15,337 15,000 14,830 366 400 264 10,000 200 230 61 4,268 5,000 100 3,150 0 (5) 3,413 3,132 (133) 360 375 (111) 0 Japan North South Other (200) America East Asia Regions Japan
Slide 9: Summary of Home Use Sewing Machine Business
Summary Summaryof ofHome HomeUse UseSewing SewingMachine MachineBusiness Business • Net sales decreased from same period last year due to negative impact of appreciation of Japanese yen against U.S. dollar • Component prices climbed even further this period despite Group successfully transferring ra
Slide 10: Home Use Sewing Machines
Home HomeUse UseSewing SewingMachines Machines Billion yen Net sales 20 17.328 Units 16.356 Thousand units 850 15 820 120 100 Domestic sales 10 800 5 600 0 Sep/2007 Sep/2008 Million yen Operating income 300 720 730 400 191 182 200 Overseas sales 200 100 0 0 Sep/2007 Sep/2008 Sep/2007 Sep/2008 Result
Slide 11: Summary of Industrial Equipment Business
Summary Summaryof ofIndustrial IndustrialEquipment EquipmentBusiness Business • In addition to enlargement of both domestic and overseas sales/technical service bases, Group promoted product line-up enrichment and sales network expansion after acquiring desktop robotics operation from SMS Company in
Slide 12: Industrial Equipment
Industrial IndustrialEquipment Equipment Billion yen Net sales Units 2.7 3 (industrial robots and 2.481 Units electro-press machines) 1,300 1,310 290 210 2 Electro-press machines 1 1,000 0 Sep/2007 Sep/2008 Million yen Operating income 1,100 1,010 300 260 500 Industrial robots 200 130 100 0 Sep/2007
Slide 13: Topics 2008
Topics Topics2008 2008 [Home use sewing machine business] • Janome announces surpassing accumulated production total of 50 million machines (22 July 2008) • Janome celebrates: 40th anniversary of founding of Janome Taiwan Co., Ltd. 20th anniversary of founding of Janome (Thailand) Co., Ltd. [Industr
Slide 14: Outlook for Fiscal Year Ending March 2009
Outlook for Fiscal Year Ending 31 March 2009 Results for 1H period and outlook for FYE 31 March 2009 14
Slide 15: Basic Policy for Second Half Period
Basic BasicPolicy Policyfor forSecond SecondHalf HalfPeriod Period (1 (1October October2008 2008through through31 31March March2009) 2009) 1. Focus on thorough reduction of expenditures as definite means of results towards profits 2. Aim to further improve productivity in production-related departme
Slide 16: Financial Plan for Fiscal Year Ending 31 March 2009
Financial FinancialPlan Planfor forFiscal FiscalYear YearEnding Ending31 31March March2009 2009 Million yen Fiscal Year ended Fiscal Year Ending Over/(Under) 31 March 2008 31 March 2009 (year on year) Net sales 47,421 43,500 (3,921) Operating income 1,312 1,200 (112) [Operating income ratio] 2.8% 2.
Slide 17: Full Year Ending March 31 (year on year comparison)
Full FullYear YearEnding EndingMarch March31 31(year (yearon onyear yearcomparison) comparison) Million yen Operating income Net sales 1,312 1,200 Billion yen 1,500 47.421 50 43.5 1,000 40 500 0 March/2008 March/2009 (plan) 30 Million yen Ordinary income 900 1,000 20 324 10 500 0 March/2008 March/20
Slide 18: Business Segments
Other businesses Business BusinessSegments Segments Industrial equipment Home use sewing machines 47.421 Net sales Operating income Billion yen Million yen 43.5 6.479 1,500 1,312 40 6.4 5.477 1,200 74 5.4 60 30 1,000 506 35.463 330 31.7 20 500 748 800 10 0 0 March/2008 March/2009 (plan) March/2008 M
Slide 19: Measures to be Implemented: Home Use Sewing Machines
Measures Measuresto tobe beImplemented Implemented [Home [HomeUse UseSewing SewingMachines] Machines] • Focus on a thorough reduction of expenditures group-wide including the associated companies in order to secure profits by pursuing the lower-cost operation systems while the global economic slowdo
Slide 20: Recent New Models
Recent RecentNew NewModels Models ＭＣ11000 Special Edition ＭＣ5200 ＤＣ4030 My Style 100 Results for 1H period and outlook for FYE 31 March 2009 20
Slide 21: Home Use Sewing Machines
Home HomeUse UseSewing SewingMachines Machines Million yen Operating income 800 Net sales 1,000 748 Billion yen 35.463 31.7 500 30 0 March/2008 March/2009 (plan) 20 Unit sales Thousand units 1,780 1,790 2,000 Domestic 210 230 1,500 10 1,580 1,550 1,000 500 Overseas 0 March/2008 March/2009 (plan) 0 M
Slide 22: Measures to be Implemented: Industrial Equipment
Measures Measuresto tobe beImplemented Implemented Industrial IndustrialEquipment Equipment • Expand sales of desktop robot as useful tool for production cost reduction to counteract continuing high raw material costs. • Promote awareness of Janome industrial equipment products by effectively utiliz
Slide 23: Industrial Equipment
Industrial IndustrialEquipment Equipment Operating income Million yen 506 Billion yen Net sales 600 6 330 5.477 5.4 400 5 200 4 0 March/2008 March/2009 (plan) Units (industrial robots and electro-press machines) 3 2,700 Units 2,430 3,000 500 565 2 Electro-press machines 2,000 2,200 1,865 1 1,000 Ind
Slide 24: Janome Sewing Machine Co., Ltd.
JANOME SEWING MACHINE CO., LTD. Results for 1H period and outlook for FYE 31 March 2009 24
Janome Sewing Machine — H1 FY2009 Earnings Presentation on 6ix