Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2018 Earnings Presentation
21 slides from Hirose Electric's earnings presentation, Nov 5, 2018
Slide 1: For FY2018 Second Quarter Business Results
For FY2018 Second Quarter Business Results ‐ CONNECTING THE FUTURE ‐ November 5th , 2018 Hirose Electric Co., Ltd.〔6806〕
Slide 2: Cautionary Statement
■Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward‐looking statements. Thank
Slide 3: Business Situation of FY2018 First Half (Apr – Sep, 2018)
Business Situation of FY2018.First Half (Apr – Sep,2018) Order 676.0 hundred million yen （ YoY ±0.0%） FY2018. First Half Sales 619.6 hundred million yen Results settled on （YoY ‐0.1%、 Over Estimate ‐1.7%） (Apr – Sep) Operating profit 120.2 hundred million yen ※Profit Ratio 19.4 ％ （YoY ‐20.3%、 Over E
Slide 4: Total Order Sales
FY2017 1Q – FY2018 2Q Orders and Sales (Consolidated Basis, Index Number) Total 130 Order Sales Recovered by the growth in Automotive 120 and Smartphone . 111 110 110 104 104 104 107 102 Average100 of FY2017 = 100 94 98 98 90 91 88 80 1Q 2Q 3Q 4Q 1Q 2Q FY2017 FY2018 4
Slide 5: Sales by Markets: Smartphone / Mobile
FY2017 1Q – FY2018 2Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 115 Drastic recovery 112 mainly by China and Korea market 109 Average of FY2017100 =100 89 84 80 69 Sales 60 1Q 2Q 3Q 4Q 1Q 2Q FY2017 FY2018 5
Slide 6: Sales by Markets: Automotive
FY2017 1Q – FY2018 2Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 Steadily growing up 111 105 104 101 Average of FY2017100 = 100 98 93 Sales 80 1Q 2Q 3Q 4Q 1Q 2Q FY2017 FY2018 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA and Others
FY2017 1Q – FY2018 2Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others Remained strong 120 106 104 100 101 Average of 100 2017 = 100 97 97 Sales 80 1Q 2Q 3Q 4Q 1Q 2Q FY2017 FY2018 7
Slide 8: Business Results for FY2018.2Q [IFRS]
Business Results for FY2018.2Q 【IFRS】 （Unit ： hundred millions of yen） Increase / Increase / FY2017.First Half FY2018.First Half FY2018.1H Decrease Decrease Ratio （FY ended Sep30, 2017） （FY ended Sep30, 2018） Estimate （YoY） （YoY） Sales 620.5 619.6 630.0 ‐0.9 ‐0.1% COGS Ratio 52.5% 55.6% 55.6% +3.1 S
Slide 9: Major Changes over prior same period FY2018.2Q
Major Changes over prior same period FY2018.2Q Unit：hundred millions of Yen ■ Sales 0.9 hundred million yen decrease (620.5 → 619.6) Hirose ： +11.7 Subsidiaries ： ‐12.6 ■ COGS Ratio 3.1 point decrease (52.5% → 55.6%) Purchase Cost Ratio ： 38.1％ → 39.0％ Depreciation Ratio ： 7.2％ → 8.2％ ■ SGA Ratio 2.
Slide 10: FY2018.2Q YoY Variation analysis
FY2018.2Q YoY Variation analysis ( Unit : hundred millions of yen ) Earnings Operating Sales （％） before （％） profit income tax FY2017.2Q Actual 620.5 150.9 24.3% 154.8 24.9% Exchange rate 3.6 ‐1.2 4.3 Depreciation cost increase ‐7.7 ‐7.7 Labor cost increase ‐6.8 ‐6.8 Other SGA cost increase ‐7.9 ‐7.9
Slide 11: Currency Effect for FY2018.2Q
Currency Effect for FY2018.2Q FY2017.2Q FY2018.2Q Currency rate：US$ 111.06 Yen 110.26 Yen Currency rate：€ 126.29 Yen 129.85 Yen Currency rate：100won 9.84 Yen 10.04 Yen ( Unit：Hundred millions of Yen ) YoY Currency effect amount Sales +3.6 Operating Profit ‐1.2 Earnings before income tax +4.3 11
Slide 12: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2018 Sep 30, 2018 Decrease Remark Cash and Cash equivalents 694.0 603.9 ‐90.1 Payment of dividend,etc A Trade receivables and other claim 315.0 335.8 20.8 S Inventories 121.9 136.3 14.4 S Other financial 1,
Slide 13: Changes in Consolidated Balance Sheet: Shareholder's Equity
Changes in Consolidated Balance Sheet Unit：hundred millions of yen Increase / Account Mar 31, 2018 Sep 30, 2018 Decrease Remark Payables and other debt 195.3 199.7 4.4 Liabilities Income Taxes Payable 49.5 36.2 ‐13.3 Others 119.8 130.3 10.5 364.6 366.2 1.6 Capital stock and 210.8 207.2 ‐3.6 Sharehol
Slide 14: Sales Changes by Application
Sales Changes by Application (round number) 【Consolidated Basis】 250 5％ UP FY2017.1H FY2018.1H 200 13％ DOWN 150 11％ UP 100 50 0 General Industrial Smartphone/Mobile Phone Automotive Digital Consumer Tablet/Notebook PC Communication Computer Related Office Machinery General Smartphone / Automotive Di
Slide 15: Sales by Application
Sales by Application (round number) (Consolidated Basis) Computer Related Office Machinery 27％Communication Computer Related *1 Equipment *2 Communication 2% Tablet / *1 Equipment *2 3% Notebook Tablet / Notebook 4% PC Office Machinery PC 2% 6% Digital 3% Digital Consumer 4% Consumer Electronics Ele
Slide 16: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio （％） 80 72 73 71 71 71 70 60 50 45 44 45 43 43 40 30 20 Overseas Sales Ratio 10 Overseas Production Ratio 0 FY2014 FY2015 FY2016 FY2017 FY2018.1H 16
Slide 17: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Consolidated Basis) Capital Investment Depreciation (hundred millions of Yen) Capital Investment Ratio Depreciation Ratio （％） 180 40.0 159 160 160 140 132 30.0 118 115 120 111 103 100 87 20.0 80 77 12.7 12.3 60 60 11.5 9.8 14.0 10.0 40 9.2 9.7 8.2 8.8 20 6
Slide 18: Number of Employees
Number of Employees ( Financial Report Basis ) （Employees） Overseas Domestic 5000 + 253 4850 + 278 4597 + 129 4319 4044 4190 4000 + 181 3000 + 212 3606 + 85 3213 3425 3035 3128 2000 1000 + 66 + 72 + 44 1009 1062 1106 1172 1244 0 Mar, 2015 Mar, 2016 Mar, 2017 Mar, 2018 Sep, 2018 18
Slide 19: Distribution of Shareholders
Distribution of Shareholders Number of Shareholders 3,185 3,182 2,904 3,150 3,290 （People） 100% 5.00 15.26 12.62 13.05 12.92 4.65 90% 4.52 4.15 4.09 4.36 80% 70% 44.86 Treasury Stocks 60% 42.57 43.04 41.30 Individual and Others 41.15 Foreign Corporation 50% Other Corporation 40% 14.78 Securities Fir
Slide 20: FY2018 Attitude to each applications (Forecast) update
FY2018 Attitude to each applications (Forecast) update Expect the growth in Automotive market. General Industrials Smartphone / Mobile ±0% ▲3% 2017 Actual 2017実績 2018 Forecast 2018予想 2017 Actual 2017実績 2018 Forecast 2018予想 In the first half, the sales growing steadily. The total sales in 2018 is exp
Slide 21: Business Forecast for the Year Ending March 31, 2019
Business Forecast for the Year Ending March 31,2019 (Consolidated) 【IFRS】 There is no change from previous figures (Aug, 2018) ( Unit：Hundred millions of yen ) FY2017 First Half For the Year FY2018 (FY ended Mar31, 2018) Over the Previous Over the Previous (FY ended Mar31, 2019) Actual Actual Amount