Performance Summary. Copyright 2018 Harmonic Drive Systems Inc.

Transcription

1 Performance Summary 2

2 1st-half consolidated results (versus original forecasts for the period) Original forecasts (announced May 11) 1st-half FY ending Mar.31,2019 Vs. original forecasts for the period Amount Percent (%) Amount Percent (%) Change Rate(%) Net sales 32, , , Operating income 8, , Ordinary income 8, , Net income 5, , EPS (yen) Net Income refers to net income attributable to owners of parent. 3

3 1st-half consolidated results (year-on-year change) 1st-half FY ended Mar.31,2018 1st-half FY ending Mar.31,2019 Year-on-year change Amount Percent (%) Amount Percent (%) Change Rate (%) Net sales 25, , , Gross profit 12, , , Operating income 5, , , Ordinary income 5, , , Net income 3, , , EPS (yen) Capital investment Depreciation 3,128 2,712 10,506 2,784 7, costs R&D costs 714 1, Net Income refers to net income attributable to owners of parent. Capital investment amounts are the amounts of tangible and intangible fixed assets acquired in the term. 4 We adjusted 1st-half FY ended Mar.31,2018 retroactively due to the tentative accounting process.

4 Performance of main group companies for 1st-half of fiscal year ending March 31, 2019 Equity stake Amount Net sales Change(%) Net income Amount Change(%) *2 *5 Harmonic Drive Systems Inc. HD Systems, Inc. (Harmonic Drive L.L.C.) (U.S.A) 100% (51%) - 25, , , Harmonic AD, Inc. 100% 1, *3 *4 *6 Harmonic Drive Systems (Shanghai) Co., Ltd. 100% 2, Harmonic Drive AG (Germany) 74.7% 8, , Percent change(%) indicates increase or decrease from same period of previous fiscal year. *1 For overseas subsidiaries and affiliates, the fiscal year ends December 31. *2 Exchange rates: Jan. Jun., US$ = yen, Jan. Jun., US$ = yen *3 Exchange rates: Jan. Jun., CNY = yen, Jan. Jun., US$ = yen *4 Exchange rates: Jan. Jun., = yen, Jan. Jun., = yen *5 Net income of US subsidiaries (consolidated) is after excluding non-controlling interests. *6 Net income of German subsidiaries (consolidated) is before excluding non-controlling interests. 5

5 1st-half non-consolidated results 1st-half FY ended Mar.31,2018 1st-half FY ending Mar.31,2019 Year-on-year change Amount Percent(%) Amount Percent(%) Change Rate(%) Net sales 17, , , Gross profit 7, , , Operating income 5, , , Ordinary income 5, , , Net income 3, , , EPS (yen) Capital 2,077 8,716 investment 6, Depreciation costs R&D costs

6 Net sales by application (non-consolidated) 30,000 25,000 20,000 15,000 10,000 5, ,848 2,230 2, , , ,317 11,892 12,843 5,308 2, ,215 13,904 2, ,310 17,934 2, ,890 21,048 2, ,137 1,076 11,457 1, ,325 1,165 1,349 1,383 1,554 1,797 2,237 3, ,320 1,210 12,941 1,768 3,341 1st-half 2nd-half 1st-half 2nd-half 1st-half 2nd-half 1st-half FY ended Mar.31,2016 FY ended Mar.31,2017 FY ended Mar.31,2018 Semiconductor equipment Flat panel equipment Robotics Gearbox for motor manufactures Machine tools Printing machines Optical devices Transporter Measuring machines Excavation system for the oil, etc. Others 25,229 FY ending Mar.31,2019 7

7 Factors in year-on-year change in 1st-half non-consolidated operating income 5,135 Higher income +4,125 Lower marginal profit Higher fixed ratio, etc. manufacturing costs, etc ,177 Higher SG&A 686 7,205 1st-half of FY ended March 31, st-half of FY ending March 31,

8 Status of consolidated assets 140, , ,000 80,000 60, , ,965 29,464 15,816 6, ,524 19,472 7, ,306 29,331 Cash & bank deposits and securities Trade receivables Inventories Other current assets Tangible fixed assets 40,000 20, ,582 43,019 15,802 12,175 March 31, 2018 September 30,2018 Intangible fixed assets Investments and other assets 9

9 Status of consolidated liabilities and net assets 140, , , , ,965 3,162 3,675 9,559 10,381 2,168 2,502 14,974 13, ,034 3,496 Trade payable Other current liabilities Long and short-term borrowings Other fixed liabilities Stock option Minority interests 80,000 60,000 40,000 99, ,590 Owned capital 20,000 0 Equity ratio 74.8% March 31, 2018 September 30,2018 Equity ratio 74.7% 10

10 Status of consolidated cash flows 1st-half of FY ended Mar.31,2018 1st-half of FY ending Mar.31,2019 Cash flow from operating activities 1,480 3,555 Cash flow from investing activities 1,973 8,415 Cash flow from financing activities 1,037 1,126 Effect of exchange rate changes on cash and cash equivalents Net increase (decrease) in cash and cash equivalents 1,566 6,156 Cash and cash equivalents at end of year 8,102 22,164 11