Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2014 Earnings Presentation
18 slides from Hirose Electric's earnings presentation, Nov 4, 2014
Slide 1: Business Results for Second Quarter, FY2014
Business Results for Second Quarter, FY2014 Creative Links to World Electronic Nov 4th, 2014 Hirose Electric Co.,Ltd 1
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 2Q FY2014
Business Situation of 2Q FY2014 [1Q FY2014 (Apr – Jun)] • Korean Smartphone/Mobile phone market sluggish, and Chinese Smartphone/Mobile phone market in adjustment phase after bullish April order. Automotive and Industrial market continued the steady order. [2Q FY2014 (Jul – Sep)] • For Smartphone, K
Slide 4: FY2013 1Q – FY2014 2Q Orders and Sales
FY2013 1Q – FY2014 2Q Orders and Sales (Consolidated Basis, Index Number) Total 120 Order Sales 103 104 101 101 101 99 102 Average of FY2013 = 100 100 98 98 99 101 95 August impacted by summer business holiday, and Smartphone and Industrial were sluggish, but increased in September. Overall, flat tr
Slide 5: Sales by Markets: Smartphone / Mobile
FY2013 1Q – FY2014 2Q Sales by Markets (Consolidated Basis, Index Number) Smartphone / Mobile 120 110 107 103 100 Average of FY2013 = 100 93 97 90 88 87 Korean market picking up, but Chinese market continues adjustment 80 1Q 2Q 3Q 4Q 1Q 2Q 2Q FY2013 2014 Sales 5
Slide 6: Sales by Markets: Automotive
FY2013 1Q – FY2014 2Q Sales by Markets (Consolidated Basis, Index Number) Automotive 120 108 110 106 104 102 100 Average of FY2013 = 100 97 Good trend both in domestic and 91 overseas 90 80 1Q 2Q 3Q 4Q 1Q 2Q FY2013 2014 Sales 6
Slide 7: Sales by Markets: Associated Electric Equipment, FA Controlling Device, and Others
FY2013 1Q – FY2014 2Q Sales by Markets (Consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others Decrease in Aug, 120 increase in Sep 112 110 107 104 100 99 100 Average of FY2013 = 100 96 90 80 1Q 2Q 3Q 4Q 1Q 2Q 2Q FY2013 2014 Sales 7
Slide 8: Business Results for 2Q, FY2014
Business Results for 2Q, FY2014 note) figures in green italics : previously announced data on May 2014 (Unit: hundred millions of Yen) (A) FY2013 (B) FY2014 (B)-(A) (B)/(A) Major Changes over prior same period (unit: 1Q & 2Q 1Q & 2Q hundred millions of Yen) 650.0 -26.0 -4.0% Sales 616.7 624.0 7.3 1.
Slide 9: Sales and Profit by Half-Year
Sales and Profit by Half-Year (hundred millions of Yen) 800.0 29.6% 28.5% 30.0% 25.0% 26.0% 700.0 24.5% 22.3% 633.2 616.7 624.0 18.9% 600.0 20.0% Sales 491.8 491.7 500.0 456.1 467.7 10.0% Recurring 400.0 Profit 300.0 0.0% Recurring Profit Ratio 200.0 182.7 164.8 177.5 123.0 114.4 109.5 -10.0% 86.2 1
Slide 10: Sales by Market (Round Number) [Consolidated Basis]
Sales by Market (Round Number) [Consolidated Basis] (Others 23%) (Others 20%) Smartphone/ General Mobile General Smartphone/ Phone 33% (FA Controlling Industrial Mobile Phone Industrial 38% Equipment 2%) 25% 29% (Associated Electric (FA Controlling Equipment 3%) Equipment 3%) (Cable 3%) FY2013 1H (A
Slide 11: Sales Changes by Market (Round Number) [Consolidated Basis]
Sales Changes by Market (Round Number) [Consolidated Basis] 240 13%down 11%up FY2013 First Half FY2014 11%up First Half 27%up 0 Communication Digital Computer Office Smartphone General Automotive Tablet / Consumer Related Machinery / Mobile Industrial Notebook PC *2 Phone Electronics Equipment *1 As
Slide 12: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 80 72 72 70 66 60 61 60 Overseas Sales Ratio 50 47 48 44 40 41 Overseas Production 30 32 Ratio 20 10 0 FY2010 FY2011 FY2012 FY2013 FY2014 H26.中間 First Half 12
Slide 13: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2014 (A) Sep 30, 2014 (B) - (A) Remark Cash and Increase in Hirose Japan, Cash in Bank 1,262.4 1,325.4 63.0 etc. Trade Receivable 294.7 309.0 14.3 Increase due to sales increase Securities 303.2 298.3 -4.9 Redemption
Slide 14: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A) Mar 31, 2014 (B) Sep 30, 2014 (B) - (A) Remarks Notes Payable and 113.8 129.6 15.8 Increase due to production increase Account Payable Income Taxes Payable 78.4 59.3 -19.1 Tax payment Others 123.7 137.3 13.6 Increase in defe
Slide 15: Capital Investment and Depreciation Change (Consolidated Basis)
Capital Investment and Depreciation Change (Consolidated Basis) Previous (hundred millions of Yen) 120 40.0 (%) ↓ 120 111 114 110 110 105 35.0 Capital 100 88 30.0 Investment 81 81 80 25.0 Depreciation 60 57 20.0 Capital 47 Investment 15.0 11.6 Ratio 40 9.3 8.7 9.1 9.1 Depreciation 10.0 Ratio 20 8.5
Slide 16: Number of Employees (Financial Report Basis)
Number of Employees (Financial Report Basis) (Employees) 6000 5020 5000 3945 3966 4042 3865 Overseas 4000 3000 4010 Domestic 2794 2923 2972 3034 2000 1000 1071 1022 1010 994 1008 0 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2014 2014 Sep Sep 16
Slide 17: Distribution of Shareholders
Distribution of Shareholders 100% 11.76 13.53 13.66 14.77 14.76 7.13 6.80 5.98 4.61 4.64 Treasury 80% Stocks Individual and Others 60% 41.74 38.20 40.38 40.55 40.38 Foreign Corporation Other 40% Corporation 12.83 13.20 12.99 Securities 12.82 13.56 1.21 Firm 1.19 0.32 0.66 0.76 20% Financial Institut
Slide 18: Business Forecast for the Year Ending March 31, 2015 (Consolidated)
Business Forecast for the Year Ending March 31, 2015 (Consolidated) note) figures in green (hundred millions of Yen) italics : previously announced data on FY2013(FY ended Mar 31,2014) FY2014 (FY ending Mar 31,2015) First Half For the Year M ay 2014 Actual Forecast Over the Prior Actual Amount Over