* Company Introduction * Financial Summary FY2014 * The 15 th Midterm Plan

Transcription

1 Hosokawa Micron Group * Company Introduction * Financial Summary FY2014 * The 15 th Midterm Plan (FY2015~2017) Dec. 18 th 2014 Process Technologies for Tomorrow

2 Company Profile (as of October, 2014) 1 < HOSOKAWA MICRON CORPORATION > Start of Business: April, 1916 Foundation: August, 1949 Capital: 14,496 Million JPY Number of employees: Consolidation 1,497 Stand-alone 351 Account closing month: September Listed on the first section of Tokyo stock exchange. A technology development company with 98 years history.

3 Company History Start Business by Eiichi Hosokawa 1991 Establishment of Hosokawa Powder Technology Foundation 1949 Foundation of Hosokawa Iron Works Co Establishment of Tokyo branch 1958 Establishment of Hosokawa Powder Technology Research and Institute 1992 Acquired Bepex Group Listed on the first section of the Tokyo & Osaka stock exchange Completion of Nara Plant 1960 Foundation of Hosokawa International in the UK 1972 Foundation of Hosokawa Europe in the UK Completion of Hirakata Plant & Office building Company name was hanged to Hosokawa Micron Corporation 1982 Acquired Nautamix in Holland 1985 Acquired US Filter Systems in USA 1987 Acquired Alpine in Germany Completion of Tsukuba Test Center Completion of headquarters building in Hirakata Completion of Tsukuba Toll Processing Center Completion of New Factory of Hosokawa Alpine AG (Germany) Completion of New Test Center of Hosokawa Bepex GmbH (Germany) Business alliance with Nisshin Engineering Inc. Completion of New Tokyo Office Integration of Toll Processing Factory to Tsukuba

4 Global Network (as of September, 2014) 3 Holland Russia UK USA Germany Korea Mexico France India China Japan Malaysia Location : 23 Companies : 17 Countries : 12

5 4 Business Policy Mission Statement The purpose of the Hosokawa Micron Group is to provide economical technical solutions to solve customer business problems for customer satisfaction and to contribute to society. The Group is committed to preserving the environment for future generations by acting in an ethical manner and adhering to sound ecological practices. The Group provides a challenging and satisfying work environment for all employees in order to ensure a reasonable return to the Shareholder.

6 5 Business Policy Corporate Vision The Hosokawa Micron Group will always be the leading global company covering the mountain range of Powder Technologies. The Group will achieve peaks of excellence in the development and commercialization of advanced materials, process equipment and systems engineering.

7 Size of Powder 6 Wavelength of lights (visible light: 400~800nm) 1 nm 10 nm 100 nm 1 µm 10 µm 100 µm 1 mm (~1nm) Fullerene (C60) (~2nm) Diameter of DNA double helix (~3nm) Diameter of Carbon nanotube (~30µm) Pollen of cedar (~100nm) Influenza virus (200~500nm) Diameter of particle of cigarette smoke (~60µm) Hair on the head (~200µm) Tick (~160nm) PLGA nano composite (NanoImpact, PLGAns) (3~5µm) Abrasive of toothpaste (4~5µm) Spider silk (5~7µm) Toner

8 Powder Processing Technologies for 7 - Drug / Active pharmaceutical ingredient - Bulking agent Pharma - LCD TV / Glass powder - Mobile, Smart phone, Tablet PC / Battery material, Magnet for motor Automobile - Home Electronics / Powder coatings - Lights / LED - Tire / Carbon black, Silica, Tire code - Solar Cell / Silicon - Screen / Glass - Body / Dye and Pigments - Exhaust / Ceramic filter - Hybrid system / Battery material, Magnetic Electronics material Powder Processing Technology by Hosokawa Micron Food - Bread, Pasta / Wheat flour, Rice flour - Japanese cake Rice flour - Alcohol / Frozen fruit juice - Health food / Supplement, Green juice, Tea leaves - Copy machine, Printer / Toner - Recordable media, DVD / Magnetic material - Paper / Titanium oxide, Calcium carbonate - Console / Powder coatings Office House hold - Toothpaste / Calcium carbonate - Cosmetics / Titanium oxide - Disposable diaper / Super Absorption polymer - Clothes / Chemical fiber - Beverage container / PET bottle - Detergent

9 Bookings by Market Segments (Consolidated) 8 FY2014 FY2013 FY2012

10 (Screen) Glass Powder Processing Technologies for Automobile is manufactured by Powder Processing Technologies. (Air Bag) Gas Generator (Navigation system) LCD (Seat) Fiber (Petrol) Additive 9 (Electric wiring) Flame retardant (Body) Paint (Lights) LED (Exhaust) Ceramic filter (Bumper) Compound resin (Tire) Carbon black (Motor) Magnetic material (Secondary battery) Battery material

11 Powder Processing Business by HOSOKAWA MICRON Group 10 Various products are manufacture by Powder Processing Technologies. Raw material Equipment + Engineering Pulverization (Pulverize) Granulation (Granulate) Mixing (Mix) Dust collection (Collect powder) Feeding, Discharge, Handling (Feed, Convey) Classification (Classify by size) Particle design (Added value) Drying (Dry) Measurement (See physicality) Product

12 Our Business 11 1.Powder & Particle Processing 2.Blown Film Processing 3.Confectionery & Bakery

13 Our Business / Powder & Particle Processing 12 Equipment & System Development, Designing, Manufacturing, Selling and System Engineering with Powder Processing equipment, of milling, classifying, mixing, drying and handling etc. After-sales and Service Spare-parts, Service, Repair and Maintenance, Modification. Toll Processing Toll girding, processing on customer s demand

14 Our Business / Blown Film Processing 13 Development, Designing, Manufacturing, Selling and System Engineering of Blown Film Technolosy. For Barrier film for Food, Packing for Pharmaceutical, Masking film for Electronics, etc. Protection Film for screens Pouch for food Airtight film for food

15 Our Business / Confectionery & Bakery 14 Development, Designing, Manufacturing, Selling and System Engineering with Confectionery equipment for Caramels, Chocolate, Cookies and Bars etc.

16 Financial Summary (as of September 2014) 15 FY2013 F2014 Actual % Actual % Plan + / - % Bookings 42,129 48,066 +5, % Backlog 14,366 15, % Sales 44,950 48,516 47,500 +3, % Ope. Profit 3, % 3, % 3, % Ordinary Profit 3, % 3, % 3, % Net Profit 2, % 2, % 2, % Exchange rate US$ EURO <the influence of exchange rate fluctuations> Sales : about 4.6 billion yen (+) Ope. Profit : about 250 million yen (+) (million yen) vs Pre. Year

17 Financial Summary (as of September 2014) 16 Sales(1stH) Sales(2ndH) GPR SGA Ratio Ope. Profit Ratio 40% 35% 30% 25% 20% 15% 10% 5% 33.4% 31.0% % 29.1% 36.7% 35.9% 26.3% % 7.6% % % % 34.1% 27.1% % Sales (100million yen) 0% FY2010 FY2011 FY2012 FY2013 FY US$ Euro

18 (5) (10) 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Qtr. Ope.Profit(100 million yen) Financial Summary (as of September 2014) Backlog Booking Sales Ope. Profit Lehman Shock FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 US$ Euro Bookings, Sales, Backlog (100 million yen)

19 Financial Summary (as of September 2014) 18 Sales (million yen) FY2013 Actual Powder 35,364 Blown Film 7,418 Confectionary 2,194 FY2014 Actual vs Pre. Year 35,364 35, % 7,418 8, % 2,194 3, % Total 44,950 48, % Ope. Profit (million yen) FY2013 Actual Powder 3,799 Blown Film 667 FY2014 Actual vs Pre. Year 3,799 3, % % Confectionary Elimination Total 3,386 3,386 3, %

20 Financial Summary (as of September 2014) 19 ( million yen) Booking Confectionery & Bakery Blown Film Powder ( million yen) Backlog Confectionery & Bakery Blown Film Powder FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014

21 Sales by Operating Area 20 Japan America Europ Asia & Others (million yen) vs Pre. Year Sales 12,038 13, % Ope. Profit / % 1, % 2, % 172.4% Sales 7,364 7, % Ope. Profit / % % % 85.1% Sales 28,665 31, % Ope. Profit / % 2, % 1, % 63.4% Sales % Ope. Profit / % % % 94.7% Sales 44,950 48, % Ope. Profit / % 3, % 3, % 99.5% Others Ope. Profit / % Total Total Ope. Profit / % FY2013 FY2014

22 Sales by Destination 21 Japan America Europ Asia & Others Total FY2013 FY2014 (million yen) vs Pre. Year Sales 10,120 11, % % 22.5% 22.8% Sales 9,178 9, % % 20.4% 19.9% Sales 15,650 19, % % 34.8% 39.6% Sales 10,001 8, % Others % 22.2% 17.8% Sales 44,950 48,516

23 Sales (Destination Base) 22 90% 80% 70% 60% 50% 18% (57*) Asia & others (exclude Japan) Europ America 18% (65*) 20% (80*) 22% 18% (100*) (86*) 40% 30% 20% 10% 0% 37% 35% 40% (118*) 34% 31% (157*) (192*) (123*) (128*) 16% 20% 17% 14% 20% (52*) (60*) (58*) (92*) (96*) FY2010 FY2011 FY2012 FY2013 FY2014 * Sales Quantity : 100 million yen

24 Selling, general and administrative expense 23 (100 million yen) SGA SGA Ratio (%) 34.0% 32.0% 30.0% 28.0% 26.0% 24.0% 22.0% 0 FY2010 FY2011 FY2012 FY2013 FY % FY2014 Actual (Y-T-D) billion yen (FY2013 : billion yen) the influence of exchange rate fluctuations : about 0.91 billion yen

25 R&D expense / Capital investment / Depreciation 24 (100 million yen) R&D expense Capital investment Depreciation FY2010 FY2011 FY2012 FY2013 FY2014

26 Debt with interest 25 short-term debt short-term debenture long-term debt bond with warrant (100 million yen) FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 forecast

27 Dividend & Payout ratio 26 (yen) year-end interim payout ratio 5yen 5yen yen 15yen (expected) 12yen yen 7yen FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY % 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% Dividend per share as of FY2014 = 15yen

28 Progress of the 14 th Midterm Management Plan 27 FY2011 Actual Plan Actual % of Prier Year Plan Actual % of Prier Year Plan (100 million yen) FY2014 % of Actual Prier Year Sales % % % Operating Profit Profit % % % Ordinary Profit FY2012 FY % 7.2% 9.6% 8.6% 7.5% 10.0% 6.9% Profit % % % 7.4% 6.9% 9.5% 8.4% 7.8% 9.8% 7.0% Net Income % % % 4.6% 4.6% 5.4% 5.9% 5.0% 6.7% 4.7% Exchange rate US$ EURO

29 The 15 th Midterm Management Plan 28 ~ Group fundamental policy ~ The fundamental policy is that the Hosokawa Micron Group aims to maximize the group synergy to enhance revenue and profit, increasing our corporate value. Strategies In order to enhance the policy, we will implement the following 5 measures. Consecutive development of competitive and innovative products and technologies. Reinforce our brand value and expand the business in emerging markets. Review our organizational structure to improve operational efficiencies. Promote personnel exchanges within our group. Expand our corporate group to strengthen business structure.

30 Progress of the 15 th Midterm Management Plan 29 FY2014 FY2015 (100 million yen) FY2017 Actual Plan Plan Sales 485 Operating Profit (Per sales) 6.9% 7.2% 10.0% Ordinary Profit (Per sales) 7.0% 7.2% 10.0% Net Income (Per sales) 4.7% 4.8% 6.7% Exchange rate US$ EURO

31 Sales to the Developing Countries 30 (100 million yen) Actual Plan Plan Plan FY2014 FY2015 FY2016 FY2017

32 The 15 th Medium Term Management Plan <Key issue of business expansion> 31 <Area> Developing Countries <Products> New Products New Technology World wide promotion of the original products and the technologies Group Synergy Effect

33 Return on equity 32 16% 14% ROE 12% 10% 8% 11.0% 9.7% 8.5% 8.4% 6% 4% 2% 0% FY2012 FY2013 FY2014 FY2015 Plan