Slide 1: Financial Results Briefing for Fiscal 2012
FINANCIAL RESULTS BRIEFING FOR FISCAL 2012 May 10th 2013 THK CO., LTD. President & CEO AKIHIRO TERAMACHI This presentation material contains forward looking statements that reflect the Company’s business plans, performance projections, and strategic forecasts. Such statements are based on informatio
Slide 2: 1. Financial Results for Fiscal 2012
1. Financial Results for Fiscal 2012 Copyright THK CO., LTD. 2013. All rights reserved.
Slide 3: Financial Highlights
Financial Highlights Net sales decreased by 14.5% from the previous year to 168.3 billion yen In Japan, demand gained an upward momentum from early spring, ※Geographic sales is based on where our customers are located. but it showed weak movements mainly for electronic products after summer. In Nort
Slide 4: Trend in Net Sales
Trend in Net Sales Asia and other Down 20.5％ ●Singapore Down 19.6％ 190,661 196,866 ●Taiwan Down 36.2％ 179,269 ●China （ Industrial Equipment） Down 17.7％ Millions of yen 36,707 168,366 36,438 21,520 Europe Down 23.9％ Asia and other 19,979 29,200 ●Machine tools Down 28.1％ 24,915 16,106 ●General machine
Slide 5: Trends in COGS and SG&A
Trends in COGS and SG&A COGS COGS 79.9% 73.0% 71.4% 72.6% 73.7% COGS ratio Sales-cost ratio increased by 1.1 points Y/Y ・Decrease in net sales ・Appreciation of the yen 130,928 136,219 142,891 124,067 92,141 Millions of yen 2009/3 2010/3 2011/3 2012/3 2013/3 SG&A SG&A 28.4% Other | Y/Y : down ¥ 413 m
Slide 6: [Reference] Operating Income - Cause of Change -
[Reference] Operating Income - Cause of Change - ＋1.2 (12.3) ＋3.7 Japan 11,575 million The Americas 1,010 million 19.7 (0.7) Europe Billions (378) million of yen 11.6 China Billions (335) million of yen Other 291 million 前期 固 定 費 の減 少 為 替 の影 響 今期 変 動 費 比 率 の低 下 FY 2011 Down in Decrease in 数量効果 Volum
Slide 7: Trends in Assets, Liabilities and Net Assets
Trends in Assets, Liabilities and Net Assets Cash and Cash in Account | Y/Y : Total Assets 293,145 millions of yen Current Liabilities | Y/Y : Up ¥ 5,179 million Up ¥ 11,114 million Cash Flows from Operating Activities : Up ¥ 4,812 million from previous year ■Accounts Payable | Y/Y : ¥ 20,395 millio
Slide 8: 2. Current Management Environment and Our Strategy
2. Current Management Environment and Our Strategy Copyright THK CO., LTD. 2013. All rights reserved.
Slide 9: Current Management Environment and Our Strategy
Current Management Environment and Our Strategy Short-term economic trends: The macro economy remains stable and capital investment is recovering gradually. Change of External Environment Growth of Emerging Countries’ Economy Maturity of capital goods markets in advanced countries Shift in the produ
Slide 10: 3. Full-Scale Globalization
3. Full-Scale Globalization Copyright THK CO., LTD. 2013. All rights reserved.
Slide 11: Enhancement of Sales, Manufacturing and Development in China
Enhancement of Sales, Manufacturing and Development in China Sales 34 bases （Established by March 2013 ） Tianjin Tangshan Harbin New Establishment Plan Beijing Zhengzhou Shijiazhuang THK CHINA Shenyang Dalian Yantai Qingdao Xinchang Jinan Nanjing Yangzhou Development Xian Wuxi Shanghai Jiaxing Suzho
Slide 12: Enhancement of the Global Manufacturing Structure
Enhancement of the Global Manufacturing Structure THK Manufacturing THK Manufacturing of Europe (FRA) of America (USA) THK RHYTHM MEXICANA THK Manufacturing THK RHYTHM Scheduled to start of operation of Ireland (IRL) NORTH AMERICA (USA) in October 2013 THK MANUFACTURING SAMICK THK OF VIETNAM (VNM) (
Slide 13: 4. Development of New Businesses
4. Development of New Businesses Copyright THK CO., LTD. 2013. All rights reserved.
Slide 14: Development of ACE Division Seismic Isolation and Damping System
Development of ACE Division New Seismic Isolation Platforms Table TGS Seismic Isolation and Damping for House The number of adoption Being adopted by a steadily grows rapidly increasing number of buildings Seismic Damping for House Seismic Isolation Other 1% 1% for House 4% Seismic Isolation and Dam
Slide 15: 5. Financial Forecast for Fiscal 2013
5. Financial Forecast for Fiscal 2013 Copyright THK CO., LTD. 2013. All rights reserved.
Slide 16: Orders Received by Region
Orders Received by Region THK Holdings of America, L.L.C. THK Europe B.V. 31.8 Y/Y, millions of dollar Y/Y, millions of Euro 前年同期比、100万ユーロ 80 前年同期比、100万ドル 80 48.1 12.0 (1.4) 0.2 (1.4) 21.0 0.2 (5.3) (3.8) (4.0) 1.6 (6.8) (23.7) (27.8) (34.1) (23.2) (3.6) 60 60 40 40 20 20 0 0 1-3 4-6 7-9 10-12 1-3 4
Slide 17: Capital Expenditure and Number of Employees Forecast
Capital Expenditure and Number of Employees Forecast Capital Expenditures Number of Employees Asia and Other Asia and Other Europe Europe Americas 15.0 Americas 9,300 Japan Japan 13.8 8,958 8,628 13.2 8,025 Individuals 3,090 6.0 2,839 2,467 1,912 7.9 6.0 7.6 621 561 590 0.2 687 Billions 673 715 770
Slide 18: Financial Forecast (Consolidated)
Financial Forecast (Consolidated) （Millions of yen） 2014/3 2013/3 2012/3 Forecast Net Sales 190,000 168,366 196,866 Y/Y +12.8％ -14.5％ +3.3% Operating Income 20,000 11,692 19,745 Y/Y +71.0％ -40.8％ -9.6% Ordinary Income 20,800 14,765 19,072 Y/Y +40.9％ -22.6％ -11.8% Net Income 14,200 9,808 12,641 Y/Y +
Slide 19: Financial Forecast (Unconsolidated)
Financial Forecast (Unconsolidated) （Millions of yen） 2014/3 2013/3 2012/3 Forecast Net Sales 115,000 104,567 130,107 Y/Y +10.0% -19.6% -2.7% Domestic 80,200 75,438 88,802 Y/Y +6.3% -15.0% -3.0% Operating 13,700 9,825 14,493 Income Y/Y +39.4% -32.2% -15.3% Ordinary 15,400 12,053 13,407 Income Y/Y +2
Slide 20: Support Statement – Trends in orders, sales and backlog (domestic)
Support Statement –Trends in orders, sales and backlog （domestic - unconsolidated） – （Millions of yen) 30,000 Orders Sales Backlog 25,000 20,000 15,000 10,000 5,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6
Slide 21: Support Statement – Trends in orders classified by industry
Support Statement –Trends in orders classified by industry (unconsolidated）– （Millions of yen) 9,000 Machine tool 8,000 General Machinery Electronics 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-1