Thk Co., Ltd. · TSE:6481
Thk — FY2008 Earnings Presentation
19 slides from Thk's earnings presentation, May 19, 2009
Slide 1: Financial Results Briefing for Fiscal 2008
FINANCIAL RESULTS BRIEFING FOR FISCAL 2008 May 19th 2009 THK CO., LTD. President & CEO AKIHIRO TERAMACHI This presentation material contains forward looking statements that reflect the Company’s business plans, performance projections, and strategic forecasts. Such statements are based on informatio
Slide 2: Financial Statements Fiscal Year ending 2009 March
Financial Statements Fiscal Year ending 2009 March
Slide 3: Financial Highlights
Financial Highlights Net Sales decreased by 14.1%, compared to the previous period, to ¥179.2 billion. In Japan, the net sales of three major industries such as machine tools, general machinery, and electronics declined because the order from these industries had fallen. As a result, Domestic net
Slide 4: Trend in Net Sales
Trend in Net Sales 208,708 Asia and Others Up ¥370 million Y/Y 21,150 South Korea Down 10.3% 179,269 Taiwan Down 2.8% 174,710 China Industrial Equipment 25,236 Asia and others Down 0.5% 158,412 19,203 21,520 34,932 147,158 Europe Transportation 15,861 26,000 Europe Down ¥320 million Y/Y 19,344 24
Slide 5: Trends in Cost Ratio and Net Sales
Trends in Cost Ratio and Net Sales The sales-cost ratio rose by 5.6 points compared 73.0% to the previous period. 67.4% Unconsolidated sales-cost ratio rose by 5.5 points 63.6% 63.4% 62.7% compared to the previous period Net sales fell. Variable cost ratio increased since the cost of materials rat
Slide 6: Trends in SG&A
Trends in SG&A 22.2% 18.7% 19.5% 19.1% 19.7% Sales ratio 41,115 39,817 Other Down ¥ 147 million, or 0.9% / 33,326 15,703 R&D Up ¥86 million, or 2.9% y/y 27,632 30,841 15,556 Millions of yen The employees of R&D division increased 11,562 11,152 2,959 Sales & Distribution Costs 9,312 3,046 Down ¥345
Slide 7: Operating Income Causes of Change
Operating Income Causes of Change Operating Income Margin 12.9 26.9 14.6 Operating income by Operating income by geographical segment business segment Japan 13,652 million Transportation Equipment- Down 14,256 million from Related Business previous period ¥ 4,526 million Americas Down 2,305 million
Slide 8: Trends in Net Income
Trends in Net Income 325 Non Operating Income Net Down¥282million 8,377 Amortization of negative goodwill ¥1,063million Interest and dividend income ¥558million Rental income of fixed asset ¥254million Foreign exchange loss ¥ 2,431 million 193 Extraordinary loss Net Down1,719million 2,045 L
Slide 9: Trends in Liabilities and Equity and Net Assets
Trends in Liabilities and Equity and Net Assets Current assets Down¥ 16,965 million Current liabilities Down ¥ 27,701 million from previous period from previous period Cash and cash in account: Accounts payable: Up ¥ 15,967 million from previous period Down ¥ 16,752 million from previous Liabiliti
Slide 10: Cash Flow Trend
Cash Flow Trend Cash Flows from Financing Activities Income on long term borrowings 11,030 ¥20,000 million Redemption of bonds ¥5,000 million 19,049 Payment of dividend ¥3,857 million 15,206 10,862 Free Cash Flows 6,114 (Up ¥ 19,087 million from previous period) Cash flows from operating act
Slide 11: Financial Forecast For Fiscal Year Ending March 2010
. Financial Forecast For Fiscal Year Ending March 2010
Slide 12: Orders Received by Region
Orders Received by Region THK CO., LTD. THK Holdings of America, L.L.C. Y/Y, Billions of Yen Y/Y, millions of dollars (3.8) 5.4 9.2 10.9 40 (10.2) (11.9) (5.6) 11.7 3.3 (6.5) (4.2) 2.5 (1.8) 1.8 (45.8) 50 30 (71.3) (25.5) 40 30 (54.3) 20 20 10 10 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 1-3 4-6 7
Slide 13: Cost control policy list
Cost control policy list Fixed cost Variable cost •Control of capital investment by •Improvement of material yield the full use of current capital •Review the hours of operation and •Reduce the cost of material the number of labor •Efficiency Improvement of •Reduction of Director Salaries distributi
Slide 14: Financial Forecast Consolidated
Financial Forecast Consolidated 2010.3 2009.3 (forecast) Net Sales 110,000 179,269 y/y 38.6 14.1 Operating Income 15,000 8,523 y/y 68.4 Ordinary Income 14,300 8,329 y/y 69.2 Net Income 14,500 1,204 y/y 93.4
Slide 15: Financial Forecast Non-consolidated
Financial Forecast Non-consolidated 2010.3 2009.3 (forecast) Net Sales 60,000 112,519 y/y 46.7 20.4 Operating Income 7,200 8,142 y/y 62.9 Ordinary Income 7,200 7,447 y/y 70.2 Net Income 7,500 3,261 y/y 82.7
Slide 16: Current Management Environment and Medium-Term Management Strategy
Current Management Environment and Medium-Term Management Strategy Expansion of Full-scale Globalization and Development of New Business Areas Business Area Rising Principle for Environment Increase in Electronics in Vehicles Growing Number of Numerical Control Machines Survival Stage Revival Stage
Slide 17: Management Base Enhancement seeking the Growth
Management Base Enhancement seeking the Growth Retreat Integration of Branches or Plants Development of New Business Areas Advance Reduction of Regular Employees Cost Control the Growth the Growth Net Sales ¥ 300 billion Operating Margin 20 , ROA15 Performance Capital Force Labor Force Management Ba
Slide 18: Support Statement – Trends in Orders, Sales and Backlog
Support Statement –Trends in Orders, Sales and Backlog (Domestic Non-consolidated – ¥1million Order Sales Backlog 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 2000 2001 2002 2003
Slide 19: Support Statement – Trends in Order Classified by Business Segment
Support Statement –Trends in Order Classified by Business Segment (Domestic Non-consolidated – ¥1million Machine tool General Machinery Electronics 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6