FY nd QTR Consolidated Financial Result Overview. Oct. 30 th, 2017 Nobuhiko Komeya President

Size: px

Start display at page:

Download "FY nd QTR Consolidated Financial Result Overview. Oct. 30 th, 2017 Nobuhiko Komeya President"

Elisabeth Underwood
6 years ago
Views:

2 nd QTR Consolidated Financial Result Overview The earnings

certain assumptions made in light of the information currently

Actual results could differ from these forecasts due to changes in

1 2 nd QTR Consolidated Financial Result Overview The earnings projections and other forward-looking statements herein are based on certain assumptions made in light of the information currently available to ALPINE and include potential risks and uncertainty. Actual results could differ from these forecasts due to changes in various factors surrounding the businesses of the Oct. 30 th, 2017 Nobuhiko Komeya President

3 Consolidated Financial Result Overview 2 nd QTR (Ended Mar. 2017) 2nd QTR (Ended Mar. 2018) % (vs FY16) -2- Net sales 120.8bln 126.2bln + 5.3bln +4.5% Operating Income Ordinary Income Profit attributable to owners of parent 1.2bln 1bln 2.1bln 3.7bln 3.8bln 2.4bln + 2.4bln % + 3.9bln ー + 4.5bln ー Sales + 5.3bln Net Sales + 0.2bln Exchange sales + 5.1bln Details USD + 3.6bln EUR + 0.8bln CNY etc bln 105/$ 118/ 111/$ 126/ + 6/$ + 8/ E.P.S Dividend (interim) (interim) Foreign Exchange Sensitivity Impact on Operating Income USD per 1 140mil/year EUR per 1 80mil/year R.O.E. 1.6% 1.7% R.O.A. 1.1% 1.2%

4 Unit: billion Quarterly Result (Segment) Quarterly Net Sales -3- Audio Information & Communication Sales Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q (20.00) 2.4% % 1.0% 0.9% % % % 4.0 Quarterly Operating Income 2.7% 2.9% % % % % 2.5% % % % % % 3.3 Operating Income 1.5% 0.9 Operating Income Ratio 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 0.6% % FY2012 FY2013 FY2014 FY2015 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 円 /USD 円 /EUR

5 Quarterly Result (After & OEM) -4- After OEM Quarterly Net Sales Sales Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2012 年度 2013 年度 2014 年度 2015 年度 2016 年度 2017 年度 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 円 /USD 円 /EUR

6 Net Sales Result (Segment/ After & OEM) -5- Segment vs. FY (18%) Audio Information & Communication +0.9(+1.0%) (82%) (80%) 12.6( 11.3%) vs. (81%) Net sales 3.0 Exchange vs. FY2015 (82%) difference +3.9 (81%) (82%) 2 nd QTR Result (endedmar.2017) 105/$ 118/ (20%) 2 nd QTR Result (ended Mar.2018) 111/$ 126/ +4.4(+20.7%) vs. Net sales +3.2 Exchange difference (16%) After & OEM vs. FY nd QTR Result (ended Mar.2017) 105/$ 118/ 20.9 (17%) (79%) (81%) 2 nd QTR Result (ended Mar.2018) 111/$ 126/ After OEM +2.0 (+10.9%) vs. Net sales +1.6 Exchange difference (+2.2%) vs. Net sales 2.6 Exchange difference +4.7

7 Net Sales per Area -6- Audio Information & Communication 1 st half 1 st half US EU Asia & JPN vs. +1.9(+4.6%) vs. 5.4( 10.9%) vs. +7.6(+53.9%) vs. +1.2(+9.0%) Increase or Sales Impact 0.4 Exchange Rate Impact +2.3 Increase or Sales Impact 7.5 Exchange Rate Impact +2.1 Increase or Sales Impact +7.0 Exchange Rate Impact +0.6 Increase or Sales Impact +1.2 Exchange Rate Impact

8 Operating Income Operating Income vs Plus Factor Negative Factor st half Result Increase Or Sales Impact Exchange Rate Impact Cost Improvement Product Mix Selling Price R&D Cost Other Expenses 1 st half Result

9 VISION 2020 Investment & Inventory -8- Point R&D CAPEX FY2015 Amortization Depreciation FY2015 Inventory 1.R&D 2.1 Efficient Designing(Software) 2.2 Collection of R&D 1.2 Capitalization of Embedded Software+1.0 Depreciation of Software Assets Capital Investment 0.1 Capitalization of Embedded Software 1.0 Capital Investment Depreciation Inventory +2.6 Exchange Rate Impact+1.2 Keeping the Level of Inventory & Growing Sales After Oct.

10 VISION 2020 Cash Flow(1 st half total) -9- Operating CF Investment CF Free CF 20 point Free CF Sales CF +0.1 Increase factor Decrease factor Profit before income Increase in notes and taxes +2.6 accounts payable-trade 2.8 Depreciation +3.3 Increase in inventories 1.2 Income Taxes etc Investment CF 8.3 Increase factor Decrease factor Tangible Assets 3.4 Intangible Assets 0.8 Loan Receivable st half 1 st half

11 Balance Sheet (vs. 2016) Current Assets Cash 53.3 Account Receivable 39.4 Inventory Fixed Assets Property 30.5 Total Asset End of Liability Account Payable 24.0 ー 32.5 Net Assets Equity Ratio Investment % Current Assets Cash 45.8 Account Receivable 44.1 Inventory Fixed Assets Property 32.1 Investment 42.6 Total Asset End of 2Q Liability Account Payable 25.0 ー 34.5 Net Assets Equity Ratio 70.4% ポイント 1.Total Asset 208.6(+6.8) (inc. Exchange rate impact +5.9) 1Current Asset 133.9(+5.5) (inc. Exchange rate impact +5.2) Cash 7.4 Account Receivable 4.7 Inventory 25.0 Loan Receivable 4.1 2Fixed Asset 74.7(+1.2) (inc. Exchange rate impact+0.7) Tangible Assets +1.1 Intangible Assets Liability 59.5 (+2.9) (inc. Exchange rate impact +1.4) Accounts payable +0.9 Accured expenses +1.1 Net defined benefit liability Net Asset 149.1(+3.8) Retained Earnings +1.3 (Profit attributable to owners of parent +2.4 Devidend 1.0) Foreign Currency Translation Adjustment +2.4

13 Consolidated Financial Result / Forecast (Forecast as of 4/27) (Forecast as of 10/30) 1 st Half 2 nd Half Total 1 st Half 2 nd Half Total Total vs Total -12- Net sales 120.0bln 130.0bln 250.0bln 126.2bln 133.7bln 260.0bln bln Operating Income 2.1bln 4.4bln 6.5bln 3.7bln 5.2bln 9.0bln + 2.5bln Ordinary Income 1.7bln 3.9bln 5.6bln 3.8bln 4.4bln 8.3bln + 2.7bln Profit attributable to wners of parent 1.0bln 1.8bln 0.8bln 108$ 116/ 108/$ 116/ 108/$ 116/ 2.4bln 2.3bln 4.8bln 111/$ 126/ 108/$ 127/ 110/$ bln + 2/$ + 11/ E.P.S Dividend 30(forecast) 30(forecast) ー R.O.E. 0.6% 3.3% 2.7% R.O.A. 0.4% 2.3% 1.9%

Net Sales Forecast (Segment/ After & OEM) -13-2,017 2,049 459 550 1,980 2,071 417 436 2016 実績 2017 予想年度 Segment vs. FY16 +12.2 Audio Information & Communication After & OEM vs. FY16 +12.2 After OEM 247.

14 Net Sales Forecast (Segment/ After & OEM) -13-2,017 2, ,980 2, 実績 2017 予想年度 Segment vs. FY Audio Information & Communication After & OEM vs. FY After OEM (19%) (21%) +9.1(+19.8%) vs (17%) (17%) +1.9(+4.6%) vs ,017 2,049 1,980 2, (+1.6%) vs (81%) (79%) (80%) (80%) +9.1(+4.6%) vs 年度実績 Result (ended Mar. 2017) 108/$ 119/ 2017 年度予想 Forecast (ended Mar. 2018) 110/$ 127/ 2016 年度実績 Result (ended Mar. 2017) 108/$ 119/ 2017 年度予想 Forecast (ended Mar. 2018) 110/$ 127/

15 Net Sales per Area (Total) -14- Audio Information & Communication US EU Asia & JPN Vs (+3.0%) Vs ( 1.5%) Vs (+35.2%) Vs ( 2.1%) Result Forecast Increase of Sales +1.7 Exchange Rate Impact +0.9 Increase of Sales 3.6 Exchange Rate Impact +2.3 Increase of Sales Exchange Rate Impact +0.5 Increase of Sales 0.7 Exchange Rate Impact

16 Operating Income (vs. 4/27) -15- Operating Income vs. 4/ Plus Factor Negative Factor /27 Increase Or Sales Impact Exchange Rate Impact Cost Improvement Product Mix Selling Price R&D Cost Other Expenses 10/30

17 Operating Income (vs. 2016) -16- Operating Income vs Plus Factor Negative Factor Increase Or Sales Impact Exchange Rate Impact Cost Improvement Product Mix Selling Price R&D Cost Other Expenses (10/30 Corrected)

18 VISION 2020 Investment & Asset planning -17- Point R&D 0.9 Efficient Designing(Software) 3.1 Capitalization of Software R&D+1.8 Depreciation of Software Assets Capital Investment +0.2 Capital Investment+2 Capitalization of Software R&D Depreciation +0.6 Depreciation of Software Assets+0.4 Continuous Investment Over Depreciation Inventory +2.7 Keeping Adequate Level R&D CAPEX Amortization Depreciation Inventory

19 VISION 2020 Cash Flow Forecast -18- Operating CF Investment CF Free CF Free CF Operating CF+9.8 Increase cause Profit before income taxes +7.1 Depreciation+7.0 Point Decrease cause Inventory 2.7 Exchange Rate Impact others 2.Investment CF 12.1 Increase Cause Decrease Cause Tangible/Intangible Assets 8.1 Loan Receivable 4.1 others 12.1

20 Balance Sheet Forecast Current Assets Cash 53.3 Account Receivable 39.4 Inventory Fixed Assets Property 30.5 Investment 43.0 Total Asset Liability Account Payable 24.0 ー 32.5 Net Assets Result Equity Ratio 71.1% Current Assets Cash 50.7 Account Receivable 41.4 Inventory Fixed Assets Property 31.4 Investment 38.9 Total Asset Liability Account Payable 25.3 ー 34.5 Net Assets Forecast Equity Ratio 70.6% Point 1.Total Asset 210.3(+8.5) (inc. Exchange rate impact +5.9) 1Current Assets 135.5(+7.1) (inc. Exchange Rate Impact +5.2) Account Receivable +1.9 Inventory +2.7 Loan Receivable Fixed Assets 74.8(+1.3) (inc. Exchange Rate Impact +0.7) Tangible/Intangible asset +8.1 Depreciation Net Assets 150.5(+5.2) Retained Earnings +2.7 (Profit attributable to owners of parent +4.8, Devidend 2.0) Foreign Currency Translation Adjustments+2.4

21 -20-

Financial Result Overview

Financial Result Overview April 26 th, 2018 President Nobuhiko Komeya The earnings projections and other forward-looking statements herein are based on certain assumptions made in light of the information currently available to