Slide 1: Consolidated Financial Results - First Quarter, 2014
Sumida Corporation Consolidated Financial Results - First Quarter, 2014 – CFO Yoshiyuki Honda April 25, 2014 Copyright© 2014 SUMIDA CORPORATION. All rights reserved.
Slide 2: Quarterly P/L
Quarterly P/L （Million yen） 1Q-2013 4Q-2013 1Q-2014 Change % Change % (A) (B) （C) （C)/(A) （C)/(B) Sales 14,228 16,575 18,647 31.1% 12.5% G r o s s I n c o m e 2,324 2,845 3,057 31.5% 7.4% Ratio % 16.3% 17.2％ 16.4% - - Operating Income 240 338 524 117.9% 55.0% Ratio % 1.7% 2.0% 2.8% - - Ordinary Inco
Slide 3: Operating Income Analysis 1Q-2013 vs. 1Q-2014
Operating Income Analysis 1Q-2013 vs. 1Q-2014 （Million yen） Productivity UP 50 Revenue UP 450 China Wages Others /Welfare Ex. △1 UP △215 Operating Income 524 Operating Income 240 1Q-2013 1Q-2014 Copyright© 2014 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: Operating Income Analysis 4Q-2013 vs. 1Q-2014
Operating Income Analysis 4Q-2013 vs. 1Q-2014 Production Disruption due to （Million yen） Revenue UP Chinese New Year 310 △70 Others 26 China Wages /Welfare Ex. UP △80 Operating Income 524 Operating Income 338 4Q-2013 1Q-2014 Copyright© 2014 SUMIDA CORPORATION. All rights reserved. 4
Slide 5: Consolidated Cash Flow
Consolidated Cash Flow （Million yen） 1Q-2013 1Q-2014 Change Cash flows from operating activities 955 △212 △1,167 Income before taxes 155 406 251 Depreciation 659 768 109 Net working capital 97 △1,158 △1,255 Others 43 △228 △271 Cash flows from investing activities △764 △1,296 △532 Capital investments
Slide 6: Consolidated B/S
Consolidated B/S （Million yen） Dec-2013 Mar-2014 Change Dec-2013 Mar-2014 Change Current Assets 29,588 29,651 62 Current Liabilities 27,352 29,948 2,596 Cash & Deposits 3,581 2,907 △674 Notes & AP 6,393 6,086 △306 Notes & AR 12,840 14,047 1,206 Short-term Debts 16,136 19,317 3,180 Others 4,822 4,544
Slide 7: Performance Review - First Quarter 2014
Sumida Corporation Performance Review - First Quarter 2014 – CEO Shigeyuki Yawata April 25, 2014 Copyright© 2012 SUMIDA CORPORATION. All rights reserved.
Slide 8: Consolidated P/L
Consolidated P/L Automotive-related, our primary business, expanded in North America & Europe （Million yen） 1Q-2013 1Q-2014 Change Sales 14,228 18,647 4,419 31.1% Operating Income 240 524 284 117.9% Ratio (%) 1.7% 2.8% - 1.1% Ordinary Income 160 344 184 114.2% Net Income 26 246 220 829.3% Copyright©
Slide 9: Sales by Market Segment
Sales by Market Segment Automotive-related, our core business, contributed to achieve biggest-ever quarterly sales • Automotive Quarterly Sales by Market Segment – Sales of three main products (smart entry, HID lamp & ABS coils) （Million yen） increased far beyond expectations on Automotive Consumer
Slide 10: Sales by Region
Sales by Region Sales in US, our strategic market, far more exceeded than expectations as well as in Europe • North America Quarterly Sales by Region – Smart entry sales continued increasing （Million yen） Japan Asia Europe North America • Japan 8,000 – Investment in FA equipments getting back on rec
Slide 11: Prospects in the second quarter and beyond
Prospects in the second quarter and beyond Sales are expected to stay at record-setting levels with main focus on automotive • Automotive – In addition to main products such as smart entry, HID lamp and ABS coils, new products of reactors, transformers and inductors we have had in reserve will be la
Slide 12: Prospects in the second quarter and beyond
Prospects in the second quarter and beyond Profitability is expected to improve in the second quarter and beyond. On top of revenue increase, no production disruption which is usually caused by Chinese New Year in the first quarter, and falling copper price are expected to enhance profitability in t