Disclaimer Regarding Forward-looking Statements Any statements in this document, other than those of historical fact, are forward-looking statements about the future performance of Eizo and its group companies, which are based on management s assumptions and beliefs in light of information currently available, and involve risks and uncertainties. Actual results may differ materially from these forecasts. Note1: 10F appearing in this presentation means Fiscal year 2010, that is Fiscal year ended Mar. 31, 2011. Note2: Sales segment is changed from market segment (based on our estimation) to product segment in this presentation. According to the above article, sales for the previous fiscal years are reclassified by segment concerned. (6737)
1. Consolidated Statements of Income 09F 10F 09F to 10F change 11F Forecast (Millions of yen) 10F to 11F change Net Sales 77,525 65,204-12,321 61,000-4,204 Cost of Goods Sold 55,753 71.9 46,818 71.8-8,934 45,400 74.4-1,418 Gross Profit 21,771 28.1 18,385 28.2-3,386 15,600 25.6-2,785 Selling, general and administrative expenses 12,745 16.4 13,234 20.3 + 489 13,600 22.3 + 365 Operating Income 9,026 11.6 5,150 7.9-3,875 2,000 3.3-3,150 Ordinary Income 9,088 11.7 5,258 8.1-3,830 2,000 3.3-3,258 Extraordinary profit & loss - 476-0.6 1 1,014 1.5 +1,491 - - - 1,014 Income before income taxes 8,612 11.1 6,273 9.6-2,339 2,000 3.3-4,273 Net Income 4,928 6.4 3,547 5.4-1,380 1,200-2,347 Note1: Including refund for EU customs duty (1,114 millions of yen). Note2: Exchange rate in 11F Forecast, JPY85/USD, JPY110/EUR. 1
2. Forecast for 11F 11F1 Forecast 11F2 Forecast (Millions of yen) 11F Forecast Net sales 26,000 35,000 61,000 Operating Income - 1,000-3.8 3,000 8.6 2,000 3.3 Ordinary Income - 1,000-3.8 3,000 8.6 2,000 3.3 Net income - 600-2.3 1,800 5.1 1,200 Net sales by products Monitors for computer use 16,900 65.0 24,500 70.0 41,400 67.9 Amusement monitors 5,900 22.7 6,400 18.3 12,300 20.1 Others 3,200 12.3 4,100 11.7 7,300 1 Total 26,000 35,000 61,000 2
3. Net Sales by Products Monitors for Computer use Amusement monitors Others 89.3 5.2 38.4-16.6% 74.5 77.5 6.4 7.5 26.0 +4.0% - 15.9% 35.1 65.2 7.9-6.4% 61.0 7.3 20.8 12.3 45.5 4 34.8 36.3 41.4 07F 08F 09F 10F 11F Forecast 3
4. Net Sales by Products (Computer use) Japan Overseas 45.5-7.8% 4-17.0% + 4.3% 34.8 36.3 + 13.8% 41.4 28.7-15.1% 24.3-16.7% 20.3 + 6.8% 21.6 + 14.8% 24.9 + 4.8% 16.8 17.6-17.5% 14.5 + 0.9% 14.6 + 12.3% 16.5 07F 08F 09F 10F 11F Forecast 4
Japan 26.9 4. Net Sales by Products (Computer use) Overseas - 29.8% - General use - 17.6-36.6% 18.9 11.2-2% - 19.9% 8.9 14.7-5.0% 14.0-0.6% 8.9-12.3% -5.9% 12.3 8.4 9.2-16.8% 7.7-25.0% 5.7-11.9% 5.0-23.5% 3.9 07F 08F 09F 10F 11F Forecast Note: General use - - - For general company, education channel, personal use 5
Japan 4. Net Sales by Products (Computer use) Overseas - Specific use - + 30.1% 29.1 18.6 11.0 + 24.0% + 19.1% 23.1 13.1-13.0% - 13.9% 20.1 11.3 + 11.2% + 12.6% 22.3 12.7 + 29.2% 16.5 7.5 + 31.2% 9.9 8.7 9.6-11.7% + 9.4% + 31.2% 12.6 07F 08F 09F 10F 11F Forecast Note: Specific use - - - For Medical, Graphic arts, Industrial, Air traffic control (ATC) use 6
4. Net Sales by Products (Amusement Monitors) - 32.4% +35.1% SANYO BUSSAN CO.,LTD. - 40.7% 38.4 35.1-41.0% 26.0 20.8 12.3 07F 08F 09F 10F 11F Forecast 7
5. Operating Income 10.0 ROA ROE EBITDA (Billions of yen) 9.0 8.0 7.0 6.0 5.0 4.0 3.0 1.0 0.0 Operating Income Operating Income/Net sales 11.6% 9.5% 7.9% 5.8% 9.0 8.4 5.1 4.3 3.3% 07F 08F 09F 10F 11F 11F Forecast Plan 10.7 6.1 12.9 6.9 2.6 7.9 1.3 9.2 6.1 1 6.3 10.5 7.7 3.4 14.0% 1% 10.0% 8.0% 6.0% 4.0% % 0.0% ROA: Ordinary Income/Total Assets ROE:Net Income/ Shareholders Equity EBITDA: Income before income taxes, Interest payable, Depreciation and Amortization, Impairment losses 8
6. Selling, General and Administrative Expenses R&D Intangible amortization Personnel Others SG&A/Net sales 16.0 14.0 1 10.0 8.0 6.0 4.0 15.3 5.7 5.6 3.8 3.5 1.5 4.1 17.1% *1 15.2 0.9 20.4% *2 12.7 4.3 3.7 3.7 0.3 16.4% 13.2 13.6 20.3% 22.3% 4.3 4.5 3.7 0.1 0.1 4.9 4.3 4.8 5.1 25.0% 20.0% 15.0% 10.0% 5.0% 0.0 07F 08F 09F 10F 11F Forecast *1 07F:Including amortization of Technology & Software (JPY 1.3 billion), a part of purchase price of Siemens Medical Monitor Business according to Japanese GAAP. *2 08F:Including lump-sum amortization of goodwill(jpy 0.3 billion), acquired monitor business from eg-electronic GmbH. 9 0.0%
7. R&D 6.0 R&D R&D/Net sales 8.9% 10.0% 5.0 4.0 5.5% 7.1% 6.1% 8.0% 8.0% 6.0% 3.0 4.9 5.3 4.7 5.2 5.4 4.0% 1.0 % 0.0 07F 08F 09F 10F 11F Forecast 0.0% Note 07F: Excluding amortization of Technology & Software (JPY 1.3 billion), a part of purchase price of Siemens Medical Monitor Business according to Japanese GAAP. 10
8. CAPEX 3.5 3.0 2.5 1.5 1.0 0.5 0.0 CAPEX Molding Investment Depreciation Depreciation for Molding 0.6 2.6 0.7 0.4 1.7 0.4 1.4 1.9 0.3 0.5 0.5 0.4 0.3 0.4 0.3 1.5 1.6 1.3 1.2 0.8 07F 08F 09F 10F 11F Forecast 11
9. Consolidated Balance Sheets Millions of yen 09F 10F Increase / Decrease Cash and equivalents 4,059 5.4 10,611 13.7 + 6,552 Notes and accounts receivable 15,366 20.4 12,720 16.4-2,646 Inventories 11,450 15.2 13,394 17.3 + 1,943 Others 19,965 26.5 15,776 20.4-4,188 Current Assets 50,842 67.5 52,503 67.8 + 1,660 Tangible Assets 9,806 13.0 9,213 11.9-592 Others 14,719 19.5 15,715 20.3 + 995 Fixed Assets 24,526 32.5 24,929 32.2 + 402 Total 75,369 77,432 + 2,063 Accounts payable 7,195 9.5 6,747 8.7-447 Current liabilities 14,060 18.7 12,821 16.5-1,238 Long term liabilities 4,824 6.4 5,400 7.0 + 576 Shareholders Equity 56,484 74.9 59,210 76.5 + 2,725 Total 75,369 77,432 + 2,063 12
10. Dividend JPY / Share 229.7% Year-end Dividend Interim Dividend Dividend Payout Ratio(Consolidated base) 41.0% 93.0% Annual Dividend 31.5% 14.4% 11.3% 9.5% 25 20 7.5 15 7.5 10 30 15 40 20.6% 17.5% 30 55 40 25 30 70 40 30 80 40 40 70 22.6% 25 25 25 50 50 50 25 25 25 02F 03F 04F 05F 06F 07F 08F 09F 10F 11F Forecast 13