Shoei Co. Ltd. (7839) · TSE:7839
Shoei Co. Ltd. (7839) — Shoei — FY2015 Earnings Presentation
20 slides from Shoei Co. Ltd. (7839)'s earnings presentation, Nov 24, 2015
Slide 1: SHOEI CO., LTD. Presentation
SHOEI CO., LTD. Presentation November 24, 2015
Slide 2: Contents
Contents <1> The Fiscal Year Ended Sep. 30, 2015 and <2> Environment around SHOEI and Position Forecasts for the Fiscal Year Ending Sep Sep. 30 30, 2016 of SHOEI 10 (1) Consolidated Statements of Income 2 (1) Sales of New Motorcycles 14 (2) Consolidated Sales Composition by Region 3 (2) Comparison w
Slide 3: Consolidated Statements of Income
<１>The Fiscal Year Ended Sep. 30, 2014 and Forecasts for the Fiscal Year Ending Sep. 30, 2015 （１） Consolidated Statements of Income (Millions of yen) Oct.13 Oct 13 Oct.14 Oct 14 Oct.15 Oct 15 (Forecast) Changes from Changes from -Sept.14 -Sept.15 Previous year(％) -Sept.16 Previous year(％) Net Sales
Slide 4: Consolidated Sales Composition by Region
（２） Consolidated Sales Composition by Region Total 14,244 Total 14,420 Total 13,406 (changes +837) 837)) (changes + 175) Exchange rate Exchange rate Exchange rate US$=￥ 120.04 (+¥17.08) US$=￥ 120.00 (▲ ¥0.04) US$= ￥102.96 EUR=￥137.48 (▲ ¥1.86) EUR=￥132.00 (▲ ¥5.48) EUR=￥139.34 Other Areas (7.3%) ((M
Slide 5: Exchange Rate
（３） Exchange Rate (Yen) 175.00 EUR US＄ 165.00 Oct.13 Oct.14 TTM ￥137.80 ￥137 80 Oct.15 155 00 155.00 TTM ￥135.27 ￥135 27 TTM ￥132.84 145.00 Aug.10 Oct.12 TTM ￥106.91 TTM ￥103.29 135 00 135.00 Oct.11 TTM ￥109.71 125.00 115.00 Jan.09 Oct.13 TTM ￥115.54 TTM ￥98.51 105.00 Oct.15 Oct.10 TTM ￥80.89 TTM ￥1
Slide 6: Factors of Ordinary Income Increase
（４）Factors of Ordinary Income Increase (Million JPYen) 3,600 3 400 3,400 3,200 3,100 Product 3,000 Production Sales（※1） +155 Costs Others 2,900 ▲92 Administrati ▲12 on and Exp 2,800 ▲106 2,700 2,600 2,500 2,646 3,092 （(+1,346） (+446）） +1,346 2,646 1,299 2 400 2,400 Oct.13-Sept.14 Oct.14-Sept.15 ((*1
Slide 7: Consolidated Balance Sheets
（５）Consolidated Balance Sheets (Millions of Yen) Sept.30,2014 Sept.30,2015 C a s h a n d D e p o s i t s 6,173 6,474 （ +300） A c c o u n t R e c e i v a b l e 1,079 1,426 （ +347） ） Merchandise and Finished Goods 969 1,067 （ +97） W o r k i n P r o c e s s 365 424 （ +58） Raw Materials and Parts 396 44
Slide 8: Consolidated Cash Flow
（６） Consolidated Cash Flow (Millions of yen) Net Cash Flow from Operating Activities Net Cash Flow from Investment Activities Capital expenditures Depreciation p Free Cash Flow 3,000 2,500 2,194 2,000 2,456 2,006 1,500 1,306 2,666 1,090 1,000 500 0 -472 -500 -916 -1,150 -1,000 -1,500 1,500 Oct.13 -
Slide 9: Capital Expenditures and Depreciation
（７） Capital Expenditures and Depreciation (Millions of Yen) ・Investment for Molds of New Products ・2nd Enlargement of Painting Facility & ・Construction Construction of Large Wind Tunnel 1,200 Equipment in Both Factories Experiment Facility ・Investment for Molds of New Products 1,113 1,000 961 923 ・C
Slide 10: New Products during the Fiscal Year: HORNET ADV / HORNET X2
（８） New Products during the Fiscal Year ＜ HORNET ADV ／ HORNET X２＞ X２＞ S Sport t Utilit Utility-Helmet Utility-H l t 【Europe】 Launching in March 2015 (I iti l Shipment (Initial Shi t : January J 2015 ) Suggested Retail Price Germany, France : EUR519.00 ～EUR619.00 U 6 9 00 (Including VAT (Tax)) 【North
Slide 11: Sales of New Motorcycles: Japan, Germany
<2> Environment around SHOEI and Position of SHOEI （１） Sales of New Motorcycles y Japan Japan 2014 pcs 2015 （Over 250cc） 80,000 （Over 250cc） pcs 80,000 80 000 70,000 60,000 60,000 50,000 40,000 40,000 30,000 20,000 20,000 10,000 0 2008 2009 2010 2011 2012 2013 2014 0 Jan Apr Jul Oct Japan Automobile
Slide 12: Sales of New Motorcycles: France, UK
France France 2014 pcs 2015 （Motorcycle） （Motorcycle） pcs 200,000 120 000 120,000 100,000 150,000 80,000 60,000 100,000 40,000 50,000 20,000 0 2008 2009 2010 2011 2012 2013 2014 0 SED Jan Apr Jul Oct SED イギリス UK 2014 （Motorcycle） pcs 2015 pcs （Motorcycle） 200,000 80,000 70 000 70,000 60,000 150,000
Slide 13: Sales of New Motorcycles: Italy, Spain
Italy Italy 2014 pcs （Motorcycle） 2015 pcs （Motorcycle） 200,000 140 000 140,000 120,000 150,000 100,000 80 000 80,000 100,000 60,000 40,000 50,000 20,000 0 0 2008 2009 2010 2011 2012 2013 2014 Jan Apr Jul Oct Fonte Ministero dei Trasporti Fonte Ministero dei Trasporti スペイン Spain 2014 pcs 2015 pcs （M
Slide 14: Sales of New Motorcycles: U.S., Canada
U.S. U.S. 2014 pcs pcs （Motorcycle） （Motorcycle） 2015 500,000 900,000 800,000 400,000 700,000 600,000 300,000 500,000 400,000 200,000 300,000 200,000 100,000 100,000 0 2008 2009 2010 2011 2012 2013 2014 0 Jan Apr Jul Oct Motorcycle Industry Council Motorcycle Industry Council C Canada d Canada C d 2
Slide 15: Comparison with Competitors
（２） Comparison with Competitors SHOEI SHOEI Total （％） （pcs） （p ） Others （％） （pcs） Europe p Others (E l di A (Excluding Asia) i ) Share Share 400,000 100.0% 400,000 100.0% 76.2% 74.8% 74.2% 74.9% 77.2% 73.3% 80.0% 80.0% 300,000 300,000 60.0% 60.0% 200,000 200,000 40.0% 40.0% 100 000 100,000 100 000 1
Slide 16: Introduction of New Products: X-14 / X-Spirit III
（３） Introduction of New Products to the Market ＜ X-14 ／ X-Spirit Ⅲ＞ On Road Full Face Helmet 【Europe】 Launching in March 2016 (*) (I iti l Shipment (Initial Shi t : January J 2016 (*) ) Suggested Retail Price Germany, France : EUR699.00 ～EUR869.00 U 869 00 (Including VAT (Tax)) 【North America】 Launc
Slide 17: J-O Open Face Helmet with Integrated Visor
＜ J ・ O＞ Open Face Helmet with Integrated Visor 【Europe】 Launching in March 2016 (*) (Initial Shipment : January 2016 (*) ) Suggested Retail Price Germany, France : EUR329.00 ～EUR379.00 (Including VAT (Tax)) 【Japan】 Launching in Spring 2016 ((*)) (Initial Shipment : Spring 2016 (*) ) Suggested Retai
Slide 18: Development of New Markets and Deepening of Existing Markets
（５） Development of New Markets and Deepening of Existing Markets Number of Existing Markets : 72 Countries Direct Sales Markets (As of September 2015) Distribution area for German subsidiary so called SD Distribution area for French subsidiary so called SED Distribution area for Italian subsidiary s
Slide 19: Conclusion Summary: Basic Policy for Medium and Long Term
（６）Conclusion Summary Maintaining Basic Policy for Medium and Long Term Stable Growth and Stable Profit 1. Protect Own Company by Ourselves 2. Made in Japan and maintaining constant employment (Transmission of Manufacturing) 3. Maintaining Healthy Financial Positions 4. Continuation of Investment •
Slide 20: Thank you very much for your attention
Thank you very much for your attention and p please take good g care of our SHOEI’s helmets further on.