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  • Earnings Presentation for 1Q FY2011

    Aug 10, 2011

    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. 1Q11 Results and FY11 Forecast

    2.2.2. 1Q11Q11Q1111 Results and FYResults and FYResults and FY111111 Forecast Forecast Forecast

    (Business segments)(Business segments)(Business segments)

    Supplementary InformationSupplementary InformationSupplementary Information

  • 3

    1Q11 Results

    1Q10 1Q11 YoY change

    (billion yen) Results % to net sales

    Results % to net sales

    Amount %

    Net sales 64.9 - 63.6 - ▲1.3 ▲2.0%

    Operating income

    2.9 4.6%

    2.5 4.0%

    ▲0.4 ▲15.6%

    Ordinary income

    2.1 3.3%

    2.4 3.8%

    +0.2 +13.9%

    Net income

    1.1 1.7%

    2.3 3.7%

    +1.2 +113.2%

    ¥92/USD ¥82/USD ▲¥10 Exchange rate

    ¥120/EURO ¥117/EURO

    ▲¥3

    Annual effect of

    exchange rate

    (1 weaker yen) +50 million yen+120 million yenEURO

    +400 million yen+1,200 million yenUSD

    Operating incomeNet sales

  • 4

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    Other products

    Machine tools

    Electronic products

    Devices and components

    Watches and clocks

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    72.964.9 78.0

    5.02.9 6.8

    69.0

    1.8

    72.8

    2.5

    63.6

    3.4

    Quarterly Results

    (billion yen)

    Net sales

    Operating

    income

  • 5

    FY11 Forecast

    FY11 FY10

    (billion yen) Forecast

    5/11E

    Forecast

    8/10E % net sales

    Results % net sales

    Net sales

    133.5 136.5 -

    137.8 -

    Operating income

    5.0 6.0 4.4%

    8.0 5.8%

    Ordinary income

    4.5 5.5 4.0%

    6.3 4.6%

    Net income

    2.5 4.0 2.9%

    3.6 2.7%

    USD ¥80 ¥81 ¥90

    1H

    EURO

    ¥115 ¥116

    ¥115

    Net sales

    286.0 287.5 -

    284.9 -

    Operating income

    15.0 16.0 5.6%

    16.7 5.9%

    Ordinary income

    14.0 15.0 5.2%

    14.8 5.2%

    Net income

    7.5 9.0 3.1%

    5.1 1.8%

    USD ¥80 ¥80 ¥86

    FY

    EURO

    ¥115 ¥116

    ¥114

  • 6

    1.1.1. 1Q1Q1Q111111 Results and FY1Results and FY1Results and FY1111 ForecastForecastForecast

    2. 1Q11 Results and FY11 Forecast

    (Business segments)

    Supplementary InformationSupplementary InformationSupplementary Information

  • 7

    0

    12

    24

    36

    48

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    Watches Clocks

    30.7 35.0 40.7 30.8 30.3 34.6

    6.3%6.9%

    15.4%

    2.4% 9.8%

    7.9%

    0

    2

    4

    6

    8

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    0%

    5%

    10%

    15%

    20%

    Operating margin

    2.4 3.6 6.2 2.1 1.9 3.3

    1Q11 Results・2Q11 Forecast

    Watches and Clocks

    (billion yen)

    Sales Operating income

    (billion yen)

    1Q11 Results (Compared to 1Q10)

    Net sales ▲¥0.3B Operating income ¥B • Net

    1Q11 Results (Compared to 1Q10)

    Net sales ▲¥0.3B Operating income ▲¥0.5B • The overseas market changes well the final product though the domestic

    market diminished demand by the influence of the earthquake

    • Demand changes vigorously though production decreased to movement

    by the influence of the earthquake

  • 8

    1H11 Forecast (Compared to 1H10)

    Net sales ▲¥0.7B Operating income ▲¥0.7B

    0

    20

    40

    60

    80

    1H10 2H10 1H11 2H11E

    Watches Clocks

    8.2%

    10.3% 9.2%

    11.7%

    0

    3

    6

    9

    12

    1H10 2H10 1H11 2H11E

    0%

    5%

    10%

    15%

    20%

    Operating margin

    6.0 8.4 5.3 7.465.7 71.5 65.0 72.0

    FY11 Forecast

    Watches and Clocks

    Sales Operating income

    (billion yen) (billion yen)

  • 9

    ▲▲▲▲3.2%

    1.5%

    3.5%

    6.5% 6.4%

    2.1%

    ▲ 0.7

    0.0

    0.7

    1.4

    2.1

    2.8

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    ▲4%

    0%

    4%

    8%

    12%

    16%

    Operating margin

    0

    5

    10

    15

    20

    25

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    Opto devices Quartz devices Other parts

    18.8 18.5 17.9 17.2 15.5 16.9 1.2 1.1 0.3 ▲0.5 0.5 0.2

    Devices and Components

    Sales Operating income

    (billion yen) (billion yen)

    1Q11 Results・2Q11 Forecast

    1Q11 Results (Compared to 1Q10)

    Net sales ▲¥3.3B Operating income ▲¥0.6B • LED for the cellular phone decreases in income by the order decrease

    • Earnings improvement of LED for lighting by effect of reduction in cost

    • The micro display changes continuously well

    • Auto parts change steadily

  • 10

    Operating income

    2.5%

    ▲▲▲▲0.5%

    6.5%

    2.8%

    ▲ 0.7

    0.0

    0.7

    1.4

    2.1

    2.8

    1H10 2H10 1H11E 2H11E

    ▲5%

    0%

    5%

    10%

    15%

    20% Operating margin

    0

    8

    16

    24

    32

    40

    1H10 2H10 1H11E 2H11E

    Opto devices Quartz devices Other parts

    Devices and Components

    37.3 35.2 32.5 36.0 2.4 ▲0.1 0.8 1.0

    Sales

    Net sales ▲¥4.8B Operating income ▲¥1.6B

    (billion yen) (billion yen)

    FY11 Forecast

    1H11 Forecast (Compared to 1H10)

  • 11

    0

    2

    4

    6

    8

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    Healthcare equipment Printers, calculators

    1.0%

    5.2%

    4.0%

    4.3%

    5.6%

    2.6%

    0

    0.1

    0.2

    0.3

    0.4

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    0%

    2%

    4%

    6%

    8%

    Operating margin

    4.4 5.8 5.7 6.0 5.6 6.3 0.0 0.3 0.1 0.3 0.2 0.2

    Electronic Products Sales Operating income

    (billion yen) (billion yen)

    1Q11 Results・2Q11 Forecast

    1Q11 Results (Compared to 1Q10)

    Net sales +¥1.2B Operating income +¥0.1B

    • The POS printer and the label printer change steadily

    • A large-scale dot impact printer is an increased demand for the extended

    price tax

  • 12

    0

    3

    6

    9

    12

    1H10 2H10 1H11 2H11E

    Healthcare equipment

    Printers, calculators

    Electronic Products

    10.2 11.7 12.0 12.0 0.3 0.4 0.5 0.7

    Operating incomeSales

    Net sales +¥1.7B Operating income +¥0.1B

    (billion yen) (billion yen)

    FY11 Forecast

    4.2%

    5.8%

    4.1% 3.4%

    0

    0.2

    0.4

    0.6

    0.8

    1H10 2H10 1H11 2H11E

    0%

    2%

    4%

    6%

    8%

    Operating margin

    1H11 Forecast (Compared to 1H10)

  • 13

    0

    3

    6

    9

    12

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    Cincom Miyano

    5.5%

    7.3%

    5.7%

    9.1% 9.4% 8.5%

    0.0

    0.3

    0.6

    0.9

    1.2

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    0%

    3%

    6%

    9%

    12%

    Operating margin

    7.4 9.6 9.0 11.6 9.3 10.8 0.4 0.7 0.5 1.0 0.8 0.9

    Machine Tools

    Sales Operating income

    (billion yen) (billion yen)

    1Q11 Results・2Q11 Forecast

    1Q11 Results (Compared to 1Q10)

    Net sales +¥1.9B Operating income +¥0.4B

    • The domestic market retrieves in the latter half though the earthquake

    influenced

    • Europe and the United States, etc. steadily change to the overseas market

  • 14

    Machine Tools

    17.0 20.6 20.2 22.5 1.1 1.5 1.8 2.5

    Operating incomeSales

    Net sales +¥3.1B Operating income +¥0.7B

    (billion yen) (billion yen)

    FY11 Forecast

    0

    5

    10

    15

    20

    25

    1H10 2H10 1H11 2H11E

    Cimcom Miyano

    6.5% 7.6%

    8.9%

    11.1%

    0

    1

    1

    2

    2

    3

    1H10 2H10 1H11 2H11E

    0%

    3%

    6%

    9%

    12%

    15% Operating margin

    1H11 Forecast (Compared to 1H10)

  • 15

    0

    2

    4

    6

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    Other Pachinko-related products Jewelry

    5.7%▲▲▲▲5.9%

    ▲▲▲▲12.2% ▲▲▲▲6.5%

    ▲▲▲▲6.2%

    ▲▲▲▲2.8%

    ▲ 0.4

    0.0

    0.4

    0.8

    1Q10 2Q10 3Q10 4Q10 1Q11 2Q11E

    ▲14%

    0%

    14%

    28%

    Operating margin

    3.5 3.7 4.5 3.2 2.7 4.

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