Ushio Inc. · TSE:6925
Ushio — Q2 FY2014 Earnings Presentation
25 slides from Ushio's earnings presentation, Oct 31, 2014
Slide 1: 2nd Quarter FY2014 Financial Results
2nd Quarter FY2014 Financial Results USHIO INC. Oct. 31, 2014 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual results may
Slide 2: Agenda
I. Financial Results for 2Q FY2014 II. Forecasts for FY2014 III. Supplementary Information 2
Slide 3: Highlights of Financial Results for 2Q FY2014
Highlights of Financial Results for 2Q FY2014 Consolidated net sales down 1.8% year on year to ¥74.3 billion Consolidated operating income down 31.4% year on year to ¥4.0 billion, for lower revenue and profits - Downward revision of full-year targets of ¥160 billion in net sales and ¥11.0 billion in
Slide 4: Summary of Financial Results 2Q FY2014
Summary of Financial Results 2Q FY2014 FY13 FY14 YoY FY14/1H FY14/1H HoH (Billions of yen) Actual Achievement 1H 1H Changes ％ Forecast Results Changes Rate(%) Net Sales 75.7 74.3 ▲1.3 ▲1.8 78.0 74.3 ▲3.6 95.3 Operating Income 5.8 4.0 ▲1.8 ▲31.4 5.5 4.0 ▲1.5 72.9 Operating Income Ratio (%) 7.7 5.4 ▲2
Slide 5: Financial Results Trend (Quarterly Comparison)
Financial Results Trend 《Quarterly Comparison》 QoQ (Billions of Yen) 1Q 2Q Changes ％ Net Sales 34.4 39.9 +5.4 +15.8 Operating Income 1.4 2.5 +1.1 +77.5 Operating Income Ratio (%) 4.2 6.4 +2.2P - Ordinary Income 1.7 3.3 +1.5 +89.4 Net Income 1.3 3.1 +1.7 +123.5 EPS (Yen) 10.66 23.82 - - Forex (Yen) U
Slide 6: Financial Results by Business Segments
Financial Results by Business Segments (Billions of Yen) FY13 FY14 YoY FY13 FY14 HoH Business Segments 1H 1H Changes ％ 2H 1H Changes ％ Equip- ment Net Sales 44.1 38.7 ▲5.3 ▲12.2 47.0 38.7 ▲8.3 ▲17.7 Operating Income 2.0 ▲0.4 ▲2.5 - 0.4 ▲0.4 ▲0.9 - Operating Income Ratio (%) 4.6 ▲1.2 ▲5.8P - 1.0 ▲1.2
Slide 7: Equipment Business Segment Net Sales
Equipment Business Segment 《Net Sales》 《1H》 Net Sales Imaging (Billions of Yen) Changes(%) 44.1 Despite lower sales of cinema equipment year on year, 0.6 38.7 ▲12.2 sales rose on a quarter-on-quarter positive turnaround in Illumination DCP shipments. 0.7 +17.0 Sales of general imaging equipment were
Slide 8: Light Sources Business Segment Net Sales
Light Sources Business Segment 《Net Sales》 《1H》 Net Sales (Billions of Yen) Changes(%) 34.0 +12.3 Discharge 30.3 YoY, while sales of UV lamps for lithography remained largely flat, sales rose by 14.1%, led by lamps for various imaging applications. QoQ, sales Discharge +14.1 23.8 27.1 increased slig
Slide 9: II. Forecasts for FY2014
I. Financial Results for 2Q FY2014 II. Forecasts for FY2014 III. Supplementary Information 9
Slide 10: New Full Year Forecasts
New Full Year Forecasts FY14 New Full Year 1H Achievement (Billions of Yen) (Forecast) Forecasts (Actual) Rate (%) Net Sales 170.0 160.0 74.3 46.5 Operating Income 14.0 11.0 4.0 36.5 Operating Income (%) 8.2 6.9 5.4 - Ordinary Income 16.0 13.0 5.1 39.6 Net Income 11.0 10.0 4.4 44.9 EPS (Yen) 84.03 7
Slide 11: Future Prospects in 2nd Half
Future Prospects in 2nd Half For the full year, while DCP sales volume is set to decline year on year, shipments to emerging markets in the second half of the year are expected to surpass those of the first half. Growth in general imaging equipment is likely to Imaging remain firm, with sales in new
Slide 12: III. Supplementary Information
I. Financial Results for 2Q FY2014 II. Forecasts for FY2014 III. Supplementary Information 12
Slide 13: Transition of Net Sales and Operating Income
Transition of Net Sales and Operating Income （Billions of 90 Net Sales Operating Income ratio (%) 85.6 yen） 82.0 74.6 75.0 74.9 75.7 74.3 70.4 71.3 72.1 68.0 63.4 60 52.7 55.6 11.8 11.1 7.8 8.3 8.7 8.2 7.7 7.6 30 5.6 5.4 5.2 5.4 4.2 1.7 0 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H (Plan) FY08 FY09 FY
Slide 14: Net Sales by Product Groups (Semi Annual Transition)
Net Sales by Product Groups 《Semi Annual Transition》 （Billions of yen） 82.0 75.7 1.7 Equipment 74.6 75.0 74.9 74.3 70.4 1.8 1.6 1.6 71.3 72.1 1.2 1.0 1.5 Business 75 1.6 1.5 0.6 1.3 0.5 0.6 0.7 0.7 0.5 0.7 0.6 32.8 30.2 31.1 25.9 27.3 33.2 46.9 32.6 28.3 47.0 38.7 45.2 47.3 29.3 44.1 50 39.4 43.2 42
Slide 15: Sales Trend by Product Groups
Sales Trend by Product Groups （Billions of yen） 43.9 45.0 40.2 1.1 39.9 38.1 Equipment 0.8 0.7 0.8 Business 35.4 0.4 0.6 34.4 0.5 0.4 0.3 0.2 0.6 15.6 0.2 16.2 14.0 30.0 25.8 24.0 17.1 11.9 14.8 (58.8%) 16.8 21.9 (59.6%) 21.2 20.0 (48.8%) (55.0%) (55.8%) (56.7%) 9.4 7.3 7.3 4.6 Light 5.0 3.7 Sources
Slide 16: Foreign Sales Ratio
Foreign Sales Ratio 《1H》 ◆FY13 Others ◆FY14 Others 3.1% 1.4% Japan Europe Japan Europe 20.8% 14.7% 18.3% 17.6% Net Sales Net Sales 75.7 74.3 (Billions North (Billions North of Yen) Asia of Yen) Asia America America 37.8% 34.6% 23.9% 27.8% 16
Slide 17: Non-Operating Income and Expenses
Non-Operating Income and Expenses《1H》 (Billions of Yen) FY13 FY14 YoY Non-Operating Income 2.1 1.4 ▲0.7 Interest income 0.2 0.3 +0.0 Dividend income 0.5 0.5 +0.0 Foreign exchange gains 0.5 - ▲0.5 Realized and unrealized profit on trading securities, net 0.1 0.2 +0.1 Gain on sales of investment secur
Slide 18: Balance Sheet
Balance Sheet ◆Assets (Billions of Yen) ◆ Liabilities・Total Net Assets (Billions of Yen) Changes Changes 255.3 260.3 +5.0 255.3 260.3 +5.0 15.3 ▲1.4 Notes and Accounts Payable 16.7 49.7 +3.6 Cash and Bank Deposits 19.9 ▲3.2 Other Current Liabilities 46.1 23.2 Notes and Accounts 24.8 +0.7 Long-term L
Slide 19: Cash Flow
Cash Flow (Billions of yen) 15.0 Investing Activities 11.0 Financing Activities 7.0 5.7 5.1 3.2 3.2 3.0 0.5 Free Cash Flow -1.0 0.0 -5.0 ▲ 3.7 ▲ 4.7 Operating Activities -9.0 FY13 FY14 Cash and Cash Equivalents Cash and Cash Equivalents at the Beginning of the FY 43.2 at the Beginning of the FY 45.3
Slide 20: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Capital Expenditures, Depreciation and Amortization, R&D Expenses ◆Capital Expenditures, ◆ R&D Expenses Depreciation and Amortization Capital Depreciation R&D Expenses Ratio of R&D Expenditures and Expenses to Net Sales Amortization (%) (Billions of Yen) (Billions of Yen) (%) 10.0 15.0 7.0 6.8 7.5 8
Slide 21: USHIO Lighting—Edge Technologies TOPICS
USHIO Lighting—Edge Technologies TOPICS 21
Slide 22: Ushio Acquires Semiconductor Laser Diode and LED Business of Oclaro Japan
Ushio Acquires Industrial and Consumer Semiconductor Laser Diode and LED Business of Oclaro Japan ― USHIO Aims at Expanding Its Solid State Light Source Business with This Acquisition ― TOKYO, August 6, 2014 — USHIO INC. announced today that its wholly owned subsidiary USHIO OPTO SEMICONDUCTORS, INC
Slide 23: USHIO OPTO SEMICONDUCTORS, INC.
USHIO OPTO SEMICONDUCTORS, INC. ■Location Chiyoda Ward, Tokyo (Head office and sales division) Komoro, Nagano Prefecture (Komoro Office) ■ Business Scale Annual net sales estimated at ¥3 billion to ¥4 billion ■Principal Products CAN-type red lasers, infrared lasers, violet lasers, high luminosity in
Slide 24: Organizational Reconfiguration – Marketing & Innovation Department
Organizational Reconfiguration – Establishment of the Marketing & Innovation Department As part of organizational reforms enacted on October 1, the Company’s internal organization was reconfigured into four business divisions and an R&D division. This resulted in establishment of a Marketing & Innov
Slide 25: Contact: Corporate Communication Department
Contact: Corporate Communication Department, USHIO INC. Email: [email protected] http://www.ushio.co.jp/global/ 25