Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2017
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2017 Harada Industry Co., Ltd. November 28, 2016 This slides contains forward looking statements based on prerequisites, forecasts and plans available as of November 28, 2016. Actual results may differ materially
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
Slide 3: I. Corporate Overview
I. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network HARADA INDUSTRY OF AMERICA, INC. HARADA INDUSTRIES (EUROPE) LIMITED HARADA INDUSTRIES (MEXICO), HARADA EUROPE R&D CENTRE S.A. DE C.V. DALIAN HARADA INDUSTRY CO., LTD. SHANGHAI HARADA NEW HARADA INDUSTRIES VIETNAM LIMITED AUTOMOTIVE ANTENNA CO., LTD. HARADA Asia-Pacific Ltd. TAIWAN
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support all kinds of radio (analog AM+FM, digital (DAB), satellite), telematics application (GNSS, mobile phone). Support multi-band. Rod Type Antenna Support all kinds of radio (analog AM+FM, digital (DAB), satellite), digital TV (DTV) and so forth. Sup
Slide 7: 3. Major Products 2
3. Major Products 2 Coaxial Cables Connecting antennas and audio units. STP Cables Transfer massive data at high speed. In-Spoiler Type Antenna Support multi-band. 7
Slide 8: 3. Major Products 3
3. Major Products 3 Amplifier for Screen Type Antenna Film Antenna for DTV Noise Filter Other Integrated Type (Hidden) Antenna Can be integrated into roof, trunk lid or bumper. Support multi-band. 8
Slide 9: II. Financial Results for 2Q FY2016 (Consolidated)
II. Financial Results for 2Q FY2016 (Consolidated) 9
Slide 10: 1. Net Sales Trend
1. Net Sales Trend (Hundred millions of yen) 250 Europe North and Central Americas 211 Asia 198 203 200 23 Japan 19 21 175 15 152 150 12 74 64 135 65 128 11 60 10 110 101 47 100 5 51 46 7 78 37 52 54 53 4 33 29 41 7 9 21 16 50 8 17 65 62 63 58 60 59 64 44 51 42 0 2Q FY2007 08 09 10 11 12 13 14 15 16
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2015 2Q FY2016 Increase Previous year Current year Main factors or Composition Composition decrease in increase or decrease ratio (%) ratio (%) - Japan: 537 - Asia: (131) (currency effect : (593)) 21,196 20,353 Net sales (842)
Slide 12: 3. Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 800 604 600 426 444 399 400 340 309 270 200 156 0 (200) (400) (465) (600) (551) 2Q FY2007 08 09 10 11 12 13 14 15 16 Current year 12
Slide 13: 4. Changes in Operating Income
4. Changes in Operating Income (Millions of yen) Increase in gross profit on decrease in cost of sales ratio associated with “Cost Structure Improvement Plan” - Reduction in material purchase cost 536 1,057 Decrease in gross profit on decrease in net sales 829 (140) Decrease in selling, general (168
Slide 14: 5. Summary of 2Q Consolidated Balance Sheet
5. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2015 Component 2Q FY2016 Component Increase Previous ratio Current ratio or Year (%) Year (%) decrease Current assets 25,764 76.9％ 23,057 77.7% (2,706) Non-current assets 7,732 23.1％ 6,626 22.3% (1,105) Total assets 33,497 100.0％ 29,684
Slide 15: 6. Sales Breakdown by Reported Segments
6. Sales Breakdown by Reported Segments 2Q FY2015 Europe Previous year 11.0% (Millions of yen) Japan North Previous Current 28.0% and year year Central Americas Asia Impact of 35.3% 25.7% 2Q 2Q Increase or Net foreign FY2015 FY2016 decrease change exchange Japan 5,928 6,465 537 － 537 Asia 5,449 5,31
Slide 16: 7. Consolidated Cash Flow Trend
7. Consolidated Cash Flow Trend (Millions of yen) 4,000 Cash flows from operating activities 3,000 Cash flows from investing activities Cash flows from financing activities 2,000 1,000 0 (1,000) (2,000) (3,000) 2Q FY2007 08 09 10 11 12 13 14 15 16 Current year 2Q FY2007 08 09 10 11 12 13 14 15 16 Op
Slide 17: 8. Depreciation Trend
8. Depreciation Trend 700 (Millions of yen) 600 528 499 500 417 410 397 408 400 334 368 287 263 300 200 100 0 2Q FY2007 08 09 10 11 12 13 14 15 16 17
Slide 18: 9. Number of Employees
9. Number of Employees 1 (People) 6,000 4,315 4,370 4,411 4,000 3,450 3,553 3,021 2,870 2,372 2,342 2,062 2,000 0 2Q FY2007 08 09 10 11 12 13 14 15 16 9. Number of Employees 2 (Regional Breakdown) (People) 6,000 Japan Asia North and Central Americas Europe 46 45 49 4,000 42 44 941 1,170 1,309 28 27
Slide 19: 10. Quarterly Net Sales Trend / 11. Quarterly Operating Income Trend
10. Quarterly Net Sales Trend 15,000 (Millions of yen) 11,006 11,465 10,021 10,686 10,189 10,554 10,285 10,068 9,820 9,249 10,000 5,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY2014 FY2015 FY2016 11. Quarterly Operating Income Trend (Millions of yen) 800 664 624 600 554 407 432 400 317 200 112 30 0 △ 36 △
Slide 20: 12. Dividend and Stock Price Trend
12. Dividend and Stock Price Trend (Yen) 600 14.0 12.5 Dividends Stock prices (highest) Stock prices (lowest) 500 12.0 10.0 10.0 400 7.5 7.5 7.5 7.5 7.5 7.5 8.0 300 5.0 5.0 6.0 200 4.0 100 2.0 0.0 0 0.0 FY2007 08 09 10 11 12 13 14 15 2Q 4Q FY2016 FY2016 Forecast Stock Price Trend (Yen) 2Q FY2007 08
Slide 21: 13. Foreign Exchange Rate Trend
13. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 300 16.05 16.32 19.73 15.46 18 246.89 250 15 212.36 12.47 192.8 200 159.54 172.63 12 133.04 150.28 138.32 150 129.77 123.13 9 100 123.29 122.49 6 106.42 96.02 98.61 102.88 88.49 79.31 101.37 50 80.73 3 0 0 2Q FY2007 08 09 10 11
Slide 22: Reference. Automobile Manufacturing Trend
Reference. Automobile Manufacturing Trend 22
Slide 23: Automobile Manufacturing Trend (Results and Forecasts)
Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） （Thousands） 50,000 9,500 45,000 43,924 9,000 8,832 8,562 8,500 40,000 37,662 8,000 35,000 7,500 30,000 7,000 25,000 2014 2015 2016 2017 2018 2019 2020 2014 2015 2016 2017 2018 2019 2020 North and Central Americas E
Slide 24: Forward-looking statements notice
This slides contains forward looking statements based on prerequisites, forecasts and plans available as of November 28, 2016. Actual results may differ materially from forward looking statements described here due to risks and variable factors associated to global economic conditions, a competitive