Nihon Dempa Kogyo Co., Ltd. · TSE:6779
Nihon Dempa Kogyo — H1 FY2012 Earnings Presentation
24 slides from Nihon Dempa Kogyo's earnings presentation, October 2011
Slide 1: 1st Half Results for the year ended March 2012
1st Half Results for the year ended March 2012 1
Slide 2: Contents
2012年3月期第2四半期決算説明会 Contents Ⅰ. 1st half results for the year ended March 2012 Ⅱ. Forecast for the full year ended March 2012 2
Slide 3: 1st half results for the year ended March 2012
Ⅰ. 1st half results for the year ended March 2012 Disclosed on Oct. 20th (Million yen) 1st half 1st half 1st half original revised result forecast forecast Net sales 26,000 25,900 25,948 Operating income 500 1,030 1,077 Income before taxes 400 730 779 Net income 350 800 820 Total comprehensive loss
Slide 4: Net sales and income by quarter
Ⅰ. 1st half results for the year ended March 2012 ■FY2011 1Q: Sales decreased especially with AV/OA products, but profits increased mainly by cost reduction of crystal oscillators for mobile phone base stations ■FY2011 2Q: Sales/profits increased mainly with mobile communication products Ne t sale s
Slide 5: Contents
2012年3月期第2四半期決算説明会 Contents Ⅰ. 1st half results for the year ended March 2012 Ⅱ. Forecast for the full year ended March 2012 5
Slide 6: Production of Crystal Devices (QIAJ)
Ⅱ. Forecast for the full year ended March 2012 Production of Crystal Devices (QIAJ) (billion yen) (Monthly average) 25 20 22 21 18 18 15 17 17 16 Lehman 10 Shock 5 Production decreased by 22%, compared to ‘08/3 0 '06/3 '07/3 '08/3 '09/3 '10/3 '11/3 '11/9 * SAW and OUT-OUT are not included. (Data sou
Slide 7: Production Volume & Unit Price of Crystal Products
Ⅱ. Forecast for the full year ended March 2012 Production Volume & (mil units) Unit Price of Crystal Products (QIAJ) (yen) (Volume) 1,000 40 ●Demand in 901 874 developing countries 900 35 ●Smartphones 800 33.9 32.9 ●Increase in data 754 756 30 700 traffic 29.2 670 600 628 25.7 21.4 25 Increased by 1
Slide 8: NDK Sales/Income ('06/3 to '12/3 forecast)
Ⅱ. Forecast for the full year ended March 2012 NDK Sales/Income (’06/3～ ’12/3 forecast） (Net sales) (Unit: 100 million yen) (Income before taxes) 900 80 67 70 800 70 778 733 60 700 636 43 50 600 594 549 550 526 40 500 36 30 400 22 17 20 12 300 N e t sale s ◆ 10 (Adjusted Income) 200 In c ome be f or
Slide 9: Volume Zone
Ⅱ. Forecast for the full year ended March 2012 Volume Zone ＡＶ Game Note PC USB Lower Price Expected Volume Growth Replace existing Develop market and products expand sales Improve cost Increase volume NDK will continuously launch New Products Develop new products with different materials and enginee
Slide 10: Small SMD type crystal units
Ⅱ. Forecast for the full year ended March 2012 Small SMD type crystal units NX3225HA NX2016HA Size 3.2(L)×2.5(W)×0.8(H)mm Size 2.0(L)×1.6(W)×0.7(H)mm ｻｲｽﾞ - Available within range between ceramic resonators (wide deviation) and conventional crystal units (narrow deviation) - Outstanding cost perform
Slide 11: High Precision Devices Markets ①
Ⅱ. Forecast for the full year ended March 2012 High Precision Devices Markets ① NDK will respond to growing demand for Smartphones This year NDK has started supplying to large smartphone makers ⇒ Sales expansion to them Growing demand of crystal devices for GPS, Wireless LAN and various applications
Slide 12: Wireless LAN function loaded in mobile phones and portable devices
Ⅱ. Forecast for the full year ended March 2012 ■ Wireless LAN function loaded in mobile phones and portable devices (Data source) IHS iSuppli 1.2 billion units 2.2 billion units in 2011 in 2015 < Required functions with Wireless LAN > ●Less data error ●Stable high capacity data transmission NT2016SA
Slide 13: High Precision Devices Markets ②
Ⅱ. Forecast for the full year ended March 2012 High Precision Devices Markets ② Growing demand for Mobile phone base stations and Optical communication devices Smartphones Tablets ＝ × 24 times ＝ × 122 times （Data Source）Cisco VNI From 2010 to 2015 Data traffic volume 26 times 13
Slide 14: High-value-added OCXO, TCXO and VCXO
Ⅱ. Forecast for the full year ended March 2012 NDK will respond to growing demand for mobile phone base stations and optical communication devices High-value-added ＯＣＸＯ,ＴＣＸＯ andＶＣＸＯ < Frequency stability range of common oscillators > 10 - 6 10 - 7 10 - 8 10 - 9 10 - 1 0 10 - 1 1 1ppm 0.1ppm 0.01ppm
Slide 15: High Precision
Ⅱ. Forecast for the full year ended March 2012 NH37M28LC High Developed OCXO with the stability Precision that surpasses the ±1ppb level Size: Super-high-precision Oscillators are required for 37(L)×28(W)×19(H) mm LTE(3.9G) and next generation LTE-Advance(4G) base stations < Frequency stability rang
Slide 16: Energy Saving
Ⅱ. Forecast for the full year ended March 2012 Energy Developed TCXO for NT7050BB Saving Femtocell Base Stations Demands for small base stations are increasing Size: 7,0(L)×5.0(W)×2.0(H) mm due to increasing smartphones < Frequency stability range > 10 - 6 10 - 7 10 - 8 10 - 9 10 - 1 0 10 - 1 1 1ppm
Slide 17: High Frequency
Ⅱ. Forecast for the full year ended March 2012 VCXOs are developed to respond to needs of High higher frequency required as a result of increase in Frequency data transmission rate in optical communication Increased data communication traffic accelerates data transmission rate in communication netwo
Slide 18: High Precision Devices Markets ③
Ⅱ. Forecast for the full year ended March 2012 High Precision Devices Markets ③ NDK will raise its market share for GPS used in automotive Required to be Required to be equipped < Crystal devices used in automotive > in new cars from Dec. equipped in new cars from 2015 in Europe. 2011 in Brazil Powe
Slide 19: Environment Resistance
Ⅱ. Forecast for the full year ended March 2012 Small Size, NT2520SB Environment High Precision and Resistance Wide Temperature Range size ※Enabled NDK products to be installed in locations 2.5(L)×2.0(W)×0.8(H)mm with much severe temperature conditions than before -40 to +105deg.C ±3.0ppm (convention
Slide 20: Received Supplier Award from BOSCH
Ⅱ. Forecast for the full year ended March 2012 Received “Supplier Award” from BOSCH NDK was awarded by making stable supply of high quality products to BOSCH (July 2011) NDK products are used in ABSs, Air Bags, GPS in Car Navigation Systems, and Car Audio Systems of Bosch 20
Slide 21: Capital investment, cash flow and R&D expenses
Ⅱ. Forecast for the full year ended March 2012 (Million yen) FY2011 1st half result 3,000 ¥5.1 billion capital Operating cash① Investing cash② Free cash flow①-② Financing cash investment expected 2,000 for full year ended 1,000 750 March 2012 0 Due to decrease in crystal ▲ 87 devices demands, additi
Slide 22: Full year forecast left unchanged
Ⅱ. Forecast for the full year ended March 2012 ■Forecast for the full year left unchanged due to following Uncertain Factors Uncertain - World economy & Currency trend Factors - Aftermath of Thailand floods Ne t sal e s Ope r at i n g i n c o m e In c o m e be fo r e t axe s Ne t i n c o m e 35,000
Slide 23: Achieve Sustainable Growth
Ⅱ. Forecast for the full year ended March 2012 2013 Achieve Sustainable Growth 2012 Progress toward Sustainable Growth ■ “Volume Zone” ⇒Introduce New Products ■ “Professional Market” ⇒Introduce incomparable High-Precision Devices 2011 Strengthened NDK Foundation 2010 Accumulated Technological Streng
Slide 24: Thank you for your attention
Thank you for your attention. We are grateful for your continuous support. 【Note】 Statements made in this presentation with respect to our current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about our future performance.