Consolidated Financial Results Briefing Materials for 3 rd Quarter of Fiscal Year Ending March 31, 2015

Transcription

1 Consolidated Financial Results Briefing Materials for 3 rd Quarter of Fiscal Year Ending March 31, 2015 IRISO ELECTRONICS CO., LTD. Stock Code: 6908 (February 18, 2015) Copyright 2015 IRISO Electronics Co., Ltd. All Rights Reserved.

2 1. Consolidated Results for 3Q Fiscal Year Ending March 31, 2015 (YoY Change) Net sales Operating income Ordinary income Net income EPS Average exchange rate during the period 3Q Year Ended March 31, ,215 4,054 4,820 3, yen USD EURO yen yen 3Q Year Ending March 31, ,721 5,195 5,484 4, yen yen yen YoY change 3, % 1, % % % 8.04 yen 8.37 yen Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 1

3 Category 2. Breakdown of Net Sales (by Market) 3Q Year Ending March 31, 2015 YoY change Sales ratio Factors for increase/decrease Automotive (Automobile) 22, % 81.1% Internal/external ratio (Automobile): AVN (Car audio, visual, navigation systems, etc.) 13, % 48.7% Domestic 17.9% YoY Change in sales (1.0)% Overseas 79.2% YoY Change in sales 19.3 % Electronics (Other electric components) 8, % 32.4% Strong results primarily in U.S.A. and Europe, Consumer (Digital cameras, cellular telephones, televisions, OA, game equipment, etc.) 4, % 15.7% In addition to the prosperous printer business, Sales in the game equipment expanded Industrial (Industrial equipment, etc.) % 3.2% Expansion in mounting for industrial equipment Total 27, % Record high sales Note: AVN is an abbreviation of Audio Visual Navigator, and refers to general car audio equipment, navigation systems, etc. Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 2

4 3. Net Sales by Market (Quarterly Trends) 8,735 8,623 8,987 9,157 9,577 YoY change/sales ratio Industrial 18.0% / 2.9% Consumer (2.2)% / 14.7% Total: 7,058 Total: 7,156 Total: 7,270 Total: 7,327 Total: 7,888 Automobile (Electronics) 19.5% / 33.3% Automobile (AVN) 7.0% / 49.1% Automobile (Total) 11.8% / 82.4% Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 3

5 4. Net Sales by Area (Quarterly Trends) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 8,735 8,623 8,987 9,157 9, ,171 1, ,913 1,814 2, ,298 1, ,622 1, , ,620 2,801 2,960 3,196 1,893 1,783 1,840 1,744 1,736 YoY change/sales ratio Thailand 38.3% / 7.3% U.S.A. 25.8% / 15.4% Singapore (3.5)% / 8.9% Europe 18.4% / 16.9% China, Taiwan & South Korea 9.7% / 33.4% Japan (8.3)% / 18.1% 0 Q Q Q Q Q Domestic China, Taiwan and South Korea Europe Singapore U.S.A Thailand Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 4

6 5. Net Sales by Product (Quarterly Trends) 8,735 8,622 8,987 9,157 9,577 YoY change/sales ratio Other * 3.0% / 7.3% Automobile application IFs 26.9% / 18.7% P/H (14.1)% / 4.4% B to B 6.7% / 40.0% FPC 10.5% / 29.6% * Including Compression Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 5

7 Net sales 6. Consolidated Statements of Income (Cumulative) (YoY Change) Cost of sales Gross profit SG & A Operating income Non-operating income Non-operating expenses Ordinary income Extraordinary income (loss) Pretax income Net income EPS Exchange rate (USD/EURO) 3Q Year Ended March 31, ,215 15,725 8,490 4,435 4, ,820 (286) 4,534 3, Yen/ Yen 64.9% 35.1% 18.3% 16.7% 3.4% 0.2% 19.9% (1.2)% 18.7% 13.9% 3Q Year Ending March 31, ,721 17,547 10,174 4,979 5, ,484 (218) 5,265 4, Yen/ Yen 63.3% 36.7% 18.0% 18.7% 1.1% 0.1% 19.8% (0.8)% 19.0% 14.4% YoY change 3,506 1,822 1, ,141 (511) (34) 664 (68) Yen/ 8.37 Yen 114.5% 111.6% 119.8% 112.3% 128.1% Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved % 113.8% % 119.4%

8 7. Consolidated Balance Sheets (compared to the end of the previous year) Current assets Noncurrent assets Total assets Current liabilities As of March 31, ,189 15,146 37,336 6, % 40.6% 16.8% As of December 31, ,706 17,679 45,385 7, % 39.0% 16.4% Compared to the end of the previous year 5,517 2,533 8,049 1,201 Factors for increase/decrease Cash and deposits 3,230 Notes and accounts receivable-trade 1,455 Property, plant and equipment 2,653 Intangible assets (146) Notes and accounts payable-trade 667 Income taxes payable 137 Noncurrent liabilities 1, % 1, % (33) Long-term loans payable (43) Total liabilities Shareholders' equity 7,375 28, % 76.5% 8,543 32, % 70.7% 1,168 3,539 Retained earnings 3,538 Valuation/translation difference Minority interests 1, % 0.0% 4, % 0.2% Foreign currency translation adjustment 3,261 3, Total net assets Total liabilities and net assets 29,960 37, % 36,842 45, % Net assets per share 3, yen 6,882 (previous period 2, yen) 8,049 Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 7

9 8. Capital Investment, Depreciation & Amortization and Research & Development 4,000 3,000 2,331 2,478 4,000 3,000 3, (Forecast) (Forecast) (Forecast) 1,000 2, , ,000 2, , ,808 2,989 1,000 1,626 2,021 2, Capital Investment Depreciation & Amortization Research & Development Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 8

10 9. Response to Exchange Rate Fluctuation Risks Relations between exchange rate fluctuations and non-operating income Exchange rate fluctuations affect the valuation of assets (stock base) Exchange rate movements during 3Q of year ending March 31, 2015 USD ( valuation of dollar-denominated assets:12 million dollar) March June Sept. Oct. Nov. Dec Compared to the end of March in previous year 17.63yen less EURO ( valuation of euro-denominated assets:15 million euro) March June Sept. Oct. Nov. Dec Compared to the end of March in previous year 4.89yen less Foreign exchange gain (loss) 275 million yen Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 9

11 10. Foreign Exchange Sensitivity Foreign exchange sensitivity Estimation of effect on flow base Calculation of the effect of 1-yen fluctuation (annual)* Currency Effect on sales Effect on operating income USD Approx. 117 million yen Approx. 47 million yen EUR Approx. 46 million yen Approx. 2 million yen RMB Approx. 48 million yen Approx. 17 million yen *Due to the small currency unit of the RMB, calculation of the effect of 0.1-yen fluctuation (annual) Effect (annual) of a 1-yen fluctuation (dollar conversion) on sales is 232 million yen on operating income is 73million yen Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 10

12 Company Overview Company name Business description IRISO ELECTRONICS CO., LTD. Manufacture and sales of various types of connectors Establishment December 1966 Number of employees Domestic 301; overseas 3,832 (as of December 31, 2013) Capital 5,640 million yen (as of September 30, 2013) Headquarters Operations Research & development Domestic Overseas Manufacturing plants , Shinyokohama, Kohoku-ku, Yokohama, Kanagawa Headquarters, Iwate, Ibaraki, Aichi, Osaka Singapore, Hong Kong, U.S.A., Germany, Thailand, South Korea, China (Shanghai, Dalian, Tianjin, Suzhou), Malaysia, Taiwan, India Headquarters (IRISO Technology Park), Shanghai R&D Center Ibaraki, China (Shanghai), Philippines, Vietnam (Hanoi) Copyright 2014 IRISO Electronics Co., Ltd. All Rights Reserved. 11