Results Briefing FY2013 1Q

Transcription

1 Securities Code: 6770 Results Briefing FY2013 1Q Wednesday, July 31, 2013 COPYRIGHT(C)2013 ALPS ELECTRIC CO.,LTD. ALL RIGHT RESERVED

2 1. Summary of Financial Results [Consolidated] % % Difference vs. FY2012 % Difference vs. FY2012 4Q Net Sales % % 17.0% % 7.3% USD appreciation +9.6 Electronic Components % % 15.0% % 9.2% EUR appreciation +1.3 Automotive market % % 12.8% Other currencies % 3.6% Consumer market % % 17.8% (Subtotal +12.0) % 16.8% USD appreciation +5.8 Automotive Infotainment % % 23.5% EUR appreciation +1.7 (Subtotal +7.5) % 5.7% Logistics Others Electronic Components Operating Automotive Infotainment FY2013 1Q % % 1.4% % 5.7% % % 1.8% % 1.0% % % 542.7% % 118.0% % % - USD appreciation +1.8 EUR appreciation +0.8 Other currencies -0.2 (Subtotal +2.3) % 109.3% USD appreciation +0.9 EUR appreciation % 141.1% (Subtotal +1.0) % % -13.0% % 74.6% % % -81.6% % % % 0.0% % % % 17.0% % % % - Income % % 4.3% Logistics Others Eliminations Ordinary Income Net Income FY2012 1Q Effect of exchange rates FY2012 4Q USD/JPY NB: Here EUR/JPY and subsequently amounts have been rounded down to the nearest 100 million. NB: Here NB: and Breakdown subsequently of sales amounts shows have composition, been rounded breakdown to the of operating nearest 100 income million. shows operating margin NB: Breakdown of sales shows composition, breakdown of operating income shows operating margin

3 2. Net Sales and Operating Income: Quarterly Change [Consolidated] Change in Quarterly Net Sales Change in Quarterly Operating Income 2

4 3. Change in Breakdown of Sales by Business Segment 1. Electronic Components Segment Net sales Operating income Net sales 73.6 billion (up 15.0% year on year) Automotive market: 40.0 billion (up 12.8%) Sales of products such as sensors, instrument panels, door modules and communications modules grew steadily as a result of our focus on development and launch of unique products. Consumer market: 33.5 billion (up 17.8%) Sales of component products for smartphones such as switches, connectors, camera actuators and touch panels expanded. Operating income 0.6 billion (up 2.9 billion year on year) Operating margin: 0.9% While income improved due to a sales increase in products such as switches, camera actuators and touch panels for smartphones, temporary expense occurred in line with system changes. 3

5 3. Change in Breakdown of Sales by Business Segment 2. Automotive Infotainment Segment Net sales Net sales 67.3 billion (up 23.5% year on year) Sales of new cars in the markets of North America, Europe and China were strong, leading to sales growth in genuine products for automakers. Operating income Operating income 1.4 billion (up 4.3% year on year) Operating margin: 2.1% The change in the sales composition of genuine products for the market and those for automakers as well as the cost of parts for in-car displays, among others, put pressure on income. 4

6 4. Amount of Effect from Exchange Rates [Unit: billion/month/per 1] USD EUR Net sales Consolidated Operating income Electronic components segment Net sales Operating income NB: The above amounts for the USD effect include other currencies linked to the USD (eg.: HKD, CNY). 5

7 5. Summary of Balance Sheet [Consolidated] Inventories 81.1 billion (up 6.8 billion year on year) Electronic components segment: up 6.0 billion (includes 1.5 billion in exchange rate effect) Automotive infotainment segment: up 0.7 billion (includes 1.2 billion in exchange rate effect) Tangible fixed assets billion (up 2.8 billion year on year) Electronic components segment: up 2.9 billion (includes 1.0 billion in exchange rate effect) Automotive infotainment segment: up 0.7 billion (includes 0.6 billion in exchange rate effect) Others segment: down 1.0 billion Interest-bearing debt billion (down 3.3 billion year on year) Electronic components segment: repayments of short-term loans payable and long-term debt Automotive infotainment segment: repayments of short-term loans payable 6

8 FY2013 Consolidated Financial Results Forecast

9 1. FY2013 Financial Results Forecast [Consolidated] No change from the forecasts announced on April 30,

10 2. Breakdown of Net Sales and Operating Income Forecast by Business Segment [Consolidated] No change from the forecasts announced on April 30,

11 The business results forecasts and future predictions included in these materials are based on the judgment of the Company at the time of preparation of the materials, and are inherently subject to risks and uncertainties. As a result, actual business results and outcomes may differ significantly due to a variety of factors. 10

12 Consolidated Financilal Results FY2013 1Q (April June 2013) Basic Data July 2013 Alps Electric Co., Ltd.

13 1.Outline (Unit:100 million Yen) FY2012 FY2013 1Q 2Q 3Q 4Q Total 1Q 2Q 2Q(Est) Total Net Sales 1,331 1,312 1,367 1,452 5,464 1,557-2,860 6,000 Domestic , Overseas ,058 1,157 4,202 1, Operating Income Ordinary Income Net Income Net Sales (by segments) (Unit:100 million Yen) FY2012 FY2013 1Q 2Q 3Q 4Q Total 1Q 2Q 2Q(Est) Total Electronic Components , ,400 3,000 Automotive market , ,550 Consumer market , ,450 Automotive Infotainment , ,170 2,390 Logistics Others Total 1,331 1,312 1,367 1,452 5,464 1,557-2,860 6,000 3.Operating Income (Unit:100 million Yen) FY2012 FY2013 1Q 2Q 3Q 4Q Total 1Q 2Q 2Q(Est) Total Electronic Components Automotive Infotainment Logistics Others Eliminations Total Capital Expenditures (Unit:100 million Yen) FY2012 FY2013 1Q 2Q 3Q 4Q Total 1Q 2Q 2Q(Est) Total Electronic Components Automotive Infotainment Logistics Others Eliminations Total (Ref.) Estimate booked on the basis of order forecast including lease. 5.Depreciation Expenses (Unit:100 million Yen) FY2012 FY2013 1Q 2Q 3Q 4Q Total 1Q 2Q 2Q(Est) Total Electronic Components Automotive Infotainment Logistics Others Eliminations Total R & D Expenses (Unit:100 million Yen) FY2012 FY2013 1Q 2Q 3Q 4Q Total 1Q 2Q 2Q(Est) Total Electronic Components Automotive Infotainment Logistics Others Total Inventories (Unit:100 million Yen) 2012/6 2012/9 2012/ /3 2013/6 Electronic Components Automotive Infotainment Logistics Others Eliminations Total Employees (Unit:Person) 2012/6 2012/9 2012/ /3 2013/6 Electronic Components 20,059 20,060 19,629 19,600 19,797 Automotive Infotainment 11,194 11,241 11,141 11,107 11,368 Logistics 4,600 4,626 4,714 4,683 4,721 Others Total 36,662 36,735 36,296 36,199 36,710 (Non Consolidated) 5,615 5,548 5,533 5,471 5,567 (Ref.) All figures exclude temporary employees.