earnings presentation for 1q fy 2013 · earnings presentation for 1q fy 2013 august 9, 2013 the...
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Earnings Presentation for 1Q FY 2013
August 9, 2013
The estimates and projection in this presentation are forward-looking statements based on
the information available at the time of the announcement. Actual results may differ materially
depending on a variety of factors.
Figures less than 1 billion yen have been rounded down.
2
1. 1Q13 Results and FY 13 Forecast
2. 1Q13 Results and FY 13 Forecast
(Business segments)
3
Results for the first quarter of FY 2013
1Q12 1Q13 YoY change
(billion yen) Results% to net
salesResults
% to net
salesAmount %
Net sales 65.2 - 69.9 - +4.6 +7.2%
Operating
income3.2 5.0% 3.5 5.1% +0.2 +7.9%
Ordinary income 2.6 4.1% 4.3 6.3% +1.6 +63.3%
Net income 2.0 3.1% 2.6 3.8% +0.6 +31.0%
Exchange
rate
USD ¥81 ¥98 +¥17
EURO ¥106 ¥127 +¥21
Net sales Operating income
USD +1,200 million yen +400 million yen
EURO +120 million yen +50 million yen
Annual effect of
exchange rate
(1 weaker yen)
4
Quarterly Results
70.465.2 71.1
4.43.2 3.6
65.1
0.2
73.5
3.5
(billion yen)
69.9
4.5
Net sales
Operating
income
5
1. 1Q13 Results and FY 13 Forecast
2. 1Q13 Results and FY 13 Forecast
(Business segments)
6
Watches and Clocks
Net sales
31.2 34.8 40.7
(billion yen)
32.6 36.4 38.5
Operating income
2.0 3.4 4.3 1.1 2.9 3.5
1Q13 Results (Compared to 1Q12)
Net sales +¥5.2B Operating income +¥0.9B• Domestic market: Increase in revenue owing to robust sales in high-end products and main products
• Overseas market: Increase in revenue due mainly to the trend of foreign exchange and goodperformance in North America
• Movement: Increase in revenue with recovering orders
1Q13 Results・2Q13 Forecast
(billion yen)
7
Net sales +¥9B Operating income +¥1.1B
Watches and Clocks
5.4 5.5 6.5 9.066.0 73.4 75.0 80.0
FY2013 Forecast
1H13 Forecast (Compared to 1H12)
Net sales
(billion yen)
Operating income
(billion yen)
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Machine Tools
9.5 10.6 6.3 8.9 1.0 1.1 ▲0.2 0.1 ▲0 1.28.3 10.6
Net sales
(billion yen)
Operating income
1Q13 Results (Compared to 1Q12)
Net sales ▲¥1.2B Operating income ▲¥1.1B• Domestic: Decrease in revenue due to cautious stance on capital expenditures
• Asia: Decrease in revenue with economic slowdown in China and weakening willingness tomake capital expenditures in ASEAN
• U.S.: Increase in revenue due to steady market recovery
• Europe: Increase in revenue with signs of recovery from the prolonged doldrums
(billion yen)
1Q13 Results・2Q13 Forecast
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Machine Tools
20.2 15.3 19.0 19.5 2.2 ▲0.1 1.2 1.8
Net sales ▲¥1.2B Operating income ▲¥1B
FY2013 Forecast
1H13 Forecast (Compared to 1H12)
Net sales
(billion yen)
Operating income
(billion yen)
10
Devices and Components
15.3 16.1 14.1 14.1 16.2 15.2 0.6 0.6 ▲0.1 ▲0.2 1.1 0.5
Net sales
(billion yen)
Operating income
1Q13 Results (Compared to 1Q12)
Net sales +¥0.8B Operating income +¥0.5B• Automobile components: Increase in revenue owing to steady sales growth in components
for hybrid vehicles and the U.S. market
• Switch: Increase in revenue with robust sales in side switches used in smartphones
• Lighting LED: Increase in revenue due to strong sales in products with high wattage
• Electronic view finder: Decrease in revenue due mainly to an increase in cameras that have no EVF
(billion yen)
1Q13 Results・2Q13 Forecast
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Devices and Components
31.5 28.3 31.5 32.0 1.2 ▲0.3 1.6 1.6
Net sales ±¥0B Operating income +¥0.4B
FY2013 Forecast
1H13 Forecast (Compared to 1H12)
Net sales
(billion yen)
Operating income
(billion yen)
12
Electronic Products
4.8 5.4 5.5 5.5 5.7 5.7 0 0 0.1 0.2 0.3 0.1
Net sales
(billion yen)
Operating income
1Q13 Results (Compared to 1Q12)
Net sales +¥0.8B Operating income +¥0.2B
• POS printer and label printer: Poor performance with no recovery in willingness to make capital expenditures
• Dot printer: Strong performance
• Photo printer: Strong performance due mainly to replacement demands
(billion yen)
1Q13 Results・2Q13 Forecast
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Electronic Products
10.3 11.1 11.5 11.5 0.1 0.3 0.4 0.4
Net sales +¥1.2B Operating income +¥0.3B
FY2013 Forecast
1H13 Forecast (Compared to 1H12)
Net sales
(billion yen)
Operating income
(billion yen)
14
Other Products
4.3 3.2 4.2 3.8 3.2 3.2 0.3 ▲0 0.2 ▲0 ▲0.1 0.1
Net sales
(billion yen)
Operating income
1Q13 Results (Compared to 1Q12)
Net sales ▲¥1B Operating income ▲¥0.4B• Pachinko-related products: Decrease in revenue due to increasing reluctance to make capitalexpenditures
• Jewelry: Decrease in revenue with sluggish sales in general jewelries
(billion yen)
1Q13 Results・2Q13 Forecast
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Other Products
7.5 8.0 6.5 8.0 0.3 0.1 0 0.3
Net sales ▲¥1B Operating income ▲¥0.3B
FY2013 Forecast
1H13 Forecast (Compared to 1H12)
Net sales
(billion yen)
Operating income
(billion yen)
16
FY 2013 Forecast
FY12 FY13
(billion yen) Results% to net
sales
Forecast
5/13E
Forecast
8/9E
% to net
sales
1H
Net sales 135.7 - 141.5 143.5 -
Operating income 7.7 5.7% 7.5 8.0 5.6%
Ordinary income 6.9 5.1% 6.5 7.5 5.2%
Net income 4.4 3.3% 3.5 4.0 2.8%
Exchange
rate
USD ¥80 ¥90 ¥94
EURO ¥102 ¥120 ¥124
FY
Net sales 272.0 - 292.5 294.5 -
Operating income 11.5 4.2% 19.0 19.5 6.6%
Ordinary income 13.8 5.1% 17.5 18.5 6.3%
Net income ▲8.8 -% 10.0 10.5 3.6%
Exchange
rate
USD ¥82 ¥90 ¥92
EURO ¥106 ¥120 ¥122
Changes in Each Segment’s Sales Breakdown by Category
Only the sales breakdown by category was changed. There’s no change in the reportable segments.
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Reportable
segmentCategory Main products
Devices
and
Componen
ts
Opto devices Chip LED, Back
light unit, and others
Quartz crystals Quartz crystals and
others
Other parts Automobile
components,
Switches, EVF,
LCDs and others
Electronic
Products
Printers,
Calculators
Printers,
Calculators
Healthcare
equipment
Healthcare
equipment
Other
Products
Jewelry Jewelry
Pachinko
related products
Pachinko related
products
Other Other
Until FY2012 From 1st quarter of FY2013
Reportable
segmentCategory Main products
Devices and
Components
Precision machining
components
Automobile
components,
Switches, and others
Opto devices Chip LED, Back light
unit, and others
Other parts Quartz crystals , EVF,
LCDs, and others
Electronic
Products
Printers Printers
Healthcare products
and others
Healthcare products,
Calculators, and
others
Other
Products
Pachinko related
products
Pachinko related
products
Jewelry and others Jewelry and others
- -
Reference