Business Results for the year ended Nov. 31, 2016

Transcription

1 Business Results for the year ended Nov. 31, 2016 Jan. 26, 2017 Outline 1 of Results & Progress of Medium-Term Business Plan 2~9 2 Results & FY2017 Forecast 10~21

2 Results Full Year Full Year Change Net sales Operating Ordinary Net USD 120 yen 109 yen yen appereciation Euro 135 yen 121 yen yen appereciation RMB 19.2 yen 16.5 yen yen appereciation Cash dividend 10 yen 10 yen Factors for Change in Net Sales Net sales A B () C increase/ decreace %(B/A) increase/ decreace %(C/A) Effect of exchange rate Domestic Overseas America Europe Asia (China) (25.8) (24.5) (28.0) Total Apply exchange rate

3 Factors for Change in Operating Incomes Operating Incomes Effect of exchange rate -5.0 Factor for prior investments Improving each aspect of the 4Ms to achieve our mid-to-long-term Vision Increase of employees 218man Development(Robot) 50man Sales (Robot) ENGProduction Capital Investment 90man 100man Billion yen 5 Robot technical center.etc 2.5 Bearing manufacturing plant 5.0 Drill & tap Hydroulic equipment 3.0 Outlook for FY2017 (estimate) Full Year Full year Change Net sales (+8.8) Operating Ordinary (+43.6) (+80.3) +6.2 Net (2.3) +5.0 USD 109 yen 110 yen 1 yen depreciation Euro 121 yen 120 yen 1 yen appereciation RMB 16.5 yen 16.5 yen Cash dividend 10 yen 10 yen

4 To Achieve the Long-Term vision Net sales FY2020 Vision Net sales400 billion yen Operating :60 billion yen Operating Income 60 Becoming a comprehensive machinery manufacture with its robotics business at its core Improving the 4Ms in each aspect of development, sales, and production FY Strengthening Robotics Business Expanding product lineup of small-sized robots Releasing new products and systems Opening technical centers around the world MZ04 EZ03 Technical center in Shaghai opened in Dec,2016

5 Expanding Product Lineup Carbide Drill & Tap Launching new series of products and lineup onto the market Offering combinations of drills and taps Helping customers improve productivity Skiving gear shaping machine Providing machine tool, machining center,and robot Automating manufacturing of a wide variety of products in small quantities Improvement of Production System China Expanding production capacity of robot, hydraulic equipment and car control valves Automating and rationalizing of production line Japan Expanding production capacity of robot Strengthing rationalization and in-house production of cutting tools, hydraulic equipment and CCV North America Expanding production capacity of carbide drills and taps in U.S. Starting to produce bearings at new manufuturing plant in Mexico Thailand Starting to produce bearings by integrated production system with in-house forging as a supply base for the world

6 Financial Highlights of Full Year Full Year Change Net sales (- 3.2) -7.0 Operating Ordinary (-41.2) (-55.2) -9.5 Net (-66.1) -7.6

7 Financial Data A B Change BA Total assets Stockholders equity stockholders equity ratio Interest-bearing debt Net D/E ratio 38.3% % X X Capital investment Depreciation Number of employees 6,557 6, Exchane rate USD Euro RMB 120 yen 135 yen 19.2 yen 109 yen 121 yen 16.5 yen 11 yen appreciation 14 yen appreciation 2.7 yen depreciation Sales by Region and Market Segment Europe 11.0 Americas 32.4 Asia 59.2 Sales by region Europe 11.6 Americas 30.7 Asia Energy and Infrastrusture 46.0 Sales by market Industrial machinery/ Market Energy and Infrastrusture 43.7 Industrial machinery/ Market Japan Japan Automobile Automobile

8 Sales by Business Segment M A C I N E R Y & T O O L S C o m p o n e n t s O t h e r s (A) (B) Increase/Decrease (%) (B)(A) Cutting Tools (-2.6) -0.8 Machine Tools (-2.6) -0.5 Robots (5.3) 1.1 Net Sales (-0.3) -0.2 Operating Income (-45.6) -3.8 Bearings (-6.5) -5.0 Hydraulic Equipment (1.7) 0.8 Net Sales (-3.3) -4.2 Operating Income Net Sales (-15.8) -2.6 Operating Income Net Sales (-3.2) -7.0 Total Operating Income (-41.2) -7.8 Factors for Change in Operating Income (Profit up4.0) (Profit down11.8) Cost reduction +3.0 Improved operating rate +1.0 Increase in fixed costs and SGA expenses -5.5 Price down Effect of exchange rate Profit up Profit down

9 Financial Highlights of FY2017 (A) (B) Change % (B) - (A) Net sales (+8.8) 18.5 Operating Ordinary (5.3) 11.1 (7.0) 16.0 (+43.6) 4.8 (3.7) 7.7 (6.1) 14.0 (+80.3) 6.2 Net (X2.3) 5.0

10 Financial Data (A) (B) Change (B)(A) Total assets Stockholders equity stockholders equity ratio Interest-bearing debt Net D/E ratio X X Capital investment Depreciation Number of employees 6,775 7, Exchane rate USD Euro RMB 109yen 121yen 16.5yen 110yen 120yen 16.5yen 1 yen depreciation 1 yen appreciation - Sales by Region and Market Segment Sales by region Sales by market Europe 11.6 Americas 30.7 Asia Europe 13.0 Americas 35.5 Asia Energy and Infrastrusture 43.7 Industrial machinery/ Market Energy and Infrastrusture 47.0 Industrial machinery/ Market Japan Japan Automobile Automobile

11 Sales by Business Segment M A C I N E R Y & T O O L S C o m p o n e n t s O t h e r s (A) (B) Increase/Decrease (%) (B)(A) Cutting Tools (6.8) 2.2 Machine Tools (-7.8) -1.5 Robots (33.9) 7.5 Net Sales (11.0) 8.2 Operating Income (51.3) 2,3 Bearings (8.4) 6.1 Hydraulic Equipment (8.3) 4.0 Net Sales (8.4) 10.2 Operating Income (44.5) 2.4 Net Sales (0.4) 0.0 Operating Income (6.6) 0.0 Net Sales (8.8) 18.5 Total Operating Income (43.6) 4.8 Factors for Change in Operating Income Profit up 9.7 Profit down Cost reduction +3.5 Improved operating rate Increase in fixed costs and SGA expenses -3.5 Price down Profit up Profit down

12 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.