Business Results for the 1 st Half ended May 31, 2013

Transcription

1 Business Results for the 1 st Half ended May 31, 213 July 9, 213 Contents 1. of st Half Results Full Year Forecast 9 21

2 Quarterly Financial Results and Forecast Operating Income /1Q 2Q 3Q 4Q 12/1Q 2Q 3Q 4Q 13/1Q 2Q 3Q 4Q 1 st Half Results & Full Year Forecast 1 st Half Full Year 1 st Half Full Year (rate of increase) (-2.7%) (+1.6%) [profit ratio on net sales] (-11.7%) (+22.2%) [7.%] 5.9 [6.2%] 1.6 [6.3%] 5.2 [7.4%] 13. Ordinary Income [6.%] 5. [5.3%] 9.1 (+5.%) [6.5%] 5.3 (+31.7%) [6.9%] 12. Net Income (-14.3%) 2.2 (+3.8%) 6.

3 Historical Financial Result and Forecast 5 Operating Income FY Full-Scale Operations at Chinese New Plant NACHI (JIANGSU) INDUSTRIES CO., LTD. (from Feb. 13) Product linerobot, Hydraulic equipment for construction/ Industrial machinery, Car control valves, and Precision Cutting Tools Established together with Technical Center Catch local demands, by exploiting Showroom and R&D Center Showroom R&D Center

4 Start bearings production in India NACHI KG Technology India Pte. Ltd. (began from July 13) For the main base of Bearing business in India Product line Bearings for industrial machinery and motor vehicles For targeting the manufacture of 1 million units per month in FY215, Working on customer acquisition, like local motor vehicles makers and industrial machinery makers Reconstructing of Overseas Production System Reorganization and Expansion of Main Oversea Plants Reconstructing of supply chain of bearings and cutting tools North America Bearings Cutting Tools (precision and round tools) Shanghai Bearings Thailand Bearings ASEAN Cutting tools and round tools

5 Expand the Products, Lineup Hydraulic Equipments for 8-ton Construction Machine The demand is increasing in the world Customer development and Share up by selling 5equipments set. Super-high speed robot SRA Series Expand the lineup; increasing size type, sliming type, and advanced featured type Carbide drill AQUA series Expand Sizes, Series, and obtain Market Share

6 Consolidated Financial Highlights of 1 st Half 1st Half 1 st Half (A) 1 st Half(B) Increase/Decrease (Proportion) (B) (A) (-2.7%) -2.3 (profit ratio on net sales) (7.%) 5.9 (6.3%) 5.2 (-11.7%) -.7 Ordinary Income (6.%) 5. (6.5%) 5.3 (5.%) +.2 Extraordinary income Extraordinary loss Net Income (-14.3%) -.4 Consolidated Financial Data 1st Half 1 st Half (A) 1 st Half(B) Increase/Decrease (Proportion) (B) (A) Total Assets Stockholder's equity (stockholder's equity ratio) (31.%) 61.2 (33.9%) Interest-bearing debt (Net D/E ratio) (.8X) 73.5 (.6X) Capacity investment Depreciation and amortization Number of employees 5,834 6, Exchange rate (USD) (Euro) 78 yen 14 yen 87 yen 113 yen 8 yen depreciation against USD 9 yen depreciation against Euro

7 Sales by Region and Market Segment 1st Half Sales by region Sales by market 85.1 Europe 4.2 America Europe 4. America % +19.7% 85.1 Energy and infrastructure Energy and infrastructure % Asia 18.9 Asia % Industrial machinery / Market sales 27.1 Industrial machinery / Market sales % Japan 53.8 Japan % Automobiles 43.8 Automobiles % 1 st Half 1 st Half 1 st Half 1 st Half Sales by Business 1st Half 15 Cutting Tools Machine Tools Robots H -2H -1H -2H -1H H -2H -1H -2H -1H H -2H -1H -2H -1H 3 Bearings Hydraulic equipment Other H -2H -1H -2H -1H H -2H -1H -2H -1H H -2H -1H -2H -1H

8 Sales and by Business Segments 1st Half 1 st Half (A) 1 st Half(B) (%) (B)(A) Machinery & Tools (+5.7%) +1.6 (9.2%) 2.6 (8.5%) 2.6 (-2.3%) -. Components (-6.1%) -2.9 (4.4%) 2.1 (4.5%) 2. (-2.7%) -. Materials & Others (-13.5%) -1. (15.%) 1.1 (8.8%).5 (-49.1%) -.5 Total (-2.7%) -2.3 Total (7.%) 5.9 (6.3%) 5.2 (-11.7%) -.7 Factors for Change in 1st Half (Profit up 2.5 billion yen) (Profit down 3.2 billion yen) Cost reductions; +1.3 Price down; -1.4 Effect of exchange rate; +1.2 Effect of Sales and Outputs reduction; Billion yen Raw materials up; st half 1 st half

9 Consolidated Financial Highlights of Plan Forecast of Actual (A) Forecast(B) Increase/Decrease (Proportion) (B) (A) (+1.6%) +2.7 (profit ratio on net sales) (6.2%) 1.6 (7.4%) 13. (22.2%) +2.3 Ordinary Income (5.3%) 9.1 (6.9%) 12. (31.7%) +2.8 Extraordinary income Extraordinary loss Net Income (+3.8%) +1.4

10 Consolidated Financial Data Forecast of Actual (A) Forecast(B) Increase/Decrease (Proportion) (B) (A) Total Assets Stockholder's equity (stockholder's equity ratio) (33.1%) 61.9 (36.7%) Interest-bearing debt (Net D/E ratio) (.7X) 6.7 (.6X) Capacity investment Depreciation and amortization Number of employees 5,845 6, +155 Exchange rate (USD) (Euro) 78 yen 12 yen 91 yen 119 yen 13 yen depreciation against USD 16 yen depreciation against Euro Sales by Region and Market Segment Forecast of Sales by region Sales by market Europe 7.9 America 17.6 Asia 36.3 Europe 8.5 America 2.5.% Asia 4..%.% Energy and infrastructure 31. Industrial machinery / Market sales 54.7 Energy and infrastructure 33. Industrial machinery / Market sales 5..% -.% Japan 11.2 Japan % Automobiles 86.5 Automobiles 92..% Actual Forecast Actual Forecast

11 Sales by Business Cutting Tools FY Bearings Machine Tools Forecast of Robots FY FY Hydraulic equipment Other 2 FY FY FY Sales and by Business Segments Forecast of Actual (A) Forecast (B) Change (%) (B) (A) Machinery & Tools (+3.4%) +2.1 (8.8%) 5.5 (9.6%) 6.2 (+12.6%) +.6 Components (+1.9%) +1.7 (3.6%) 3.4 (5.5%) 5.4 (+8.5%) +1.9 Materials & Others (-8.%) -.8 (11.5%) 1.6 (1.6%) 1.4 (-15.3%) -.1 Total (+1.6%) +2.7 Total (6.2%) 1.6 (7.4%) 13. (+22.2%) +2.3

12 Factors for Change in Forecast of Cost reduction; +3. Effect of exchange rate; +3. Improved operating capacity; +1.1 (Profit up 7.1 billion yen) (Profit down 4.8 billion yen) Fixed costs, sales overhead, etc;-1.9 Price down; -1.9 Raw materials up; Billion yen Actual Forecast Historical Financial Result and Forecast Forecast of Operating Income FY

13 fujikoshi.co.jp/ These materials describe our future earnings forecasts and business plans, and are based on the assumption of an economic environment and business policies that remain fixed as they are now. Therefore, please note that actual earnings are subject to numerous factors, including market fluctuations and currency fluctuations, which may result in a different earnings forecast.