Marubun Corporation · TSE:7537
Marubun — FY2016 Earnings Presentation
29 slides from Marubun's earnings presentation, May 11, 2016
Slide 1: Financial Results for Fiscal Year Ending March 31, 2016
Confidential Financial Results for Fiscal Year Ending March 31, 2016 May 11 2016 © 2016 MARUBUN CORPORATION
Slide 2: FY3/16 Summary of Consolidated Financial Results
Confidential FY3/16 Summary of Consolidated Financial Results © 2016 MARUBUN CORPORATION
Slide 3: FY3/16 Summary of Consolidated Financial Results
Confidential FY3/16 Summary of Consolidated Financial Results Net sales increased by ¥5.8 billion (+2.2% YoY) Electronic Devices Business Increased in ICs for communication modules and automobile. Decreased in ICs for PC, TV and Game consoles Electronic Systems Business Increased sales of Medica
Slide 4: FY3/16 Summary of Financial Results
Confidential FY3/16 Summary of Financial Results (Millions of Yen) FY3/15 FY3/16 YoY Changes FY3/16 Initial Forecasts Composition Composition Oct.2015 Composition Actual Actual Amount ％ Ratio Ratio Forcasts Ratio Net sales 273,683 100.0% 279,571 100.0% 5,888 2.2% 284,000 100.0% Electronic Devices 23
Slide 5: FY3/16 Electronic Devices Business Net Sales Breakdown by Product
FY3/16 Electronic Devices Business Confidential Net Sales Breakdown by Product （Millions of Yen） 234,428 234,001 Electronic (1,889) Decrease for TV 28,014 26,125 Components 14,587 10,346 Custom IC (4,242) Decrease for consumer electronics Increase for communication 107,105 114,256 Special- Use IC +7
Slide 6: FY3/16 Electronic Devices Business Market Trend by Application
FY3/16 Electronic Devices Business Confidential Market Trend by Application Application Market trend Increase for communication modules and Communication Equipment communications infrastructure Consumer Equipment Decrease for game consoles and DSC Computer & Office Equipment Decrease for PC Automobi
Slide 7: FY3/16 Electronic Systems Business Net Sales Breakdown by Product
FY3/16 Electronic Systems Business Confidential Net Sales Breakdown by Product （Millions of Yen） 45,570 39,254 Medical +4,206 Increase in consolidated subsidiaries Equipment 18,788 14,582 Laser Increase in laser micro processing +1,319 5,141 Equipment equipment and network equipment 3,822 772 Scient
Slide 8: FY3/16 Factors Affecting Ordinary Income
Confidential FY3/16 Factors Affecting Ordinary Income Decrease in Gross Decrease in foreign exchange losses (Millions of Yen) Profit Other Non-operating Income & Losses (827) 17 (513) 758 3,321 3,886 Increase in SG&A Expenses 1 2 3 4 5 6 FY3/15 FY3/16 Decrease of GP margin by tough competition and s
Slide 9: End FY3/16 Summary of Balance Sheets
Confidential End FY3/16 Summary of Balance Sheets (Millions of Yen) FY3/15 FY3/16 Changes Actual Actual Amount Current assets 117,084 96,211 (20,873) Cash and deposits 21,725 14,096 (7,629) Decrease by repayment Notes and accounts receivable-trade 63,393 53,539 (9,854) of short-term loans Merchandis
Slide 10: FY3/16 Summary of Statements of Cash Flows
Confidential FY3/16 Summary of Statements of Cash Flows (Millions of Yen) FY3/15 FY3/16 Actual Actual Net cash provided by (used in) operating activities 2,202 (1,204) Income before income taxes and minority interests 3,783 3,299 Decrease (increase) in notes and accounts (1,168) 10,647 receivable-tr
Slide 11: FY3/17 Summary of Consolidated Financial Forecasts
Confidential FY3/17 Summary of Consolidated Financial Forecasts © 2016 MARUBUN CORPORATION
Slide 12: FY3/17 Summary of Consolidated Financial Forecasts
FY3/17 Summary of Confidential Consolidated Financial Forecasts Net sales expected ¥290 billion (+3.7% YoY) Electronic Devices Business Decrease in ICs for communication modules and Increase for industrial equipment and automobiles Electronic Systems Business Increase of electronic component ins
Slide 13: FY3/17 Financial Forecasts
Confidential FY3/17 Financial Forecasts (Millions of Yen) FY3/16 FY3/17 YoY Changes Composition Composition Actual Forcasts Amount ％ Ratio Ratio Net sales 279,571 100.0% 290,000 100.0% 10,429 3.7% Electronic Devices 234,001 83.7% 240,000 82.8% 5,999 2.6% Electronic Systems 45,570 16.3% 50,000 17.2%
Slide 14: FY3/17 Electronic Devices Business Net Sales Forecasts by Product
FY3/17 Electronic Devices Business Confidential Net Sales Forecasts by Product (Millions of Yen) 240,000 234,001 Increase of power converter 30,912 Electronic Components +4,788 26,125 modules and e-paper 10,346 11,874 Custom IC +1,528 Increase for DSC and OA equipment Decrease for communication Spec
Slide 15: FY3/17 Electronic Systems Business Net Sales Forecasts by Product
FY3/17 Electronic Systems Business Confidential Net Sales Forecasts by Product (Millions of Yen) 50,000 45,570 Medical 18,600 (188) Equipment 18,788 Laser Increase in LED light sources for +603 5,744 Equipment medical equipment 1,319 Scientific +546 Increase in thin-film equipment for 5,141 Equipmen
Slide 16: FY3/17 Factors Affecting Ordinary Income (Forecasts)
Confidential FY3/17 Factors Affecting Ordinary Income(Forecasts) (Millions of Yen) Increase in Gross Increase in SG&A Profit Expenses Other Non-operating Income & Losses 3,481 (3,444) 3,321 (110) 3,250 FY3/16 FY3/17 Actual Forecasts Improvement of gross profit margin ratio and increase of Gross Prof
Slide 17: Return to Shareholders
Confidential Return to Shareholders © 2016 MARUBUN CORPORATION
Slide 18: Return to Shareholders
Confidential Return to Shareholders Dividend policy Dividend Payout Ratio 30% or more(consolidated) Dividends Forecast FY3/15 FY3/16 FY3/17 (Yen) (Forecasts) Annual Dividend per Share 20.00 30.00 25.00 Interim Dividend 7.00 12.00 10.00 Year-End Dividend 13.00 18.00 15.00 © 2016 MARUBUN CORPORATION 1
Slide 19: Medium-Term Vision: Progress of Business Strategies and Key Initiatives
Confidential Medium-Term Vision Progress of Business Strategies and Key Initiatives © 2016 MARUBUN CORPORATION
Slide 20: Management Environment and Business Outlook
Confidential Management Environment and Business Outlook Domestic Semiconductor Trading firms of manufacturers of manufacturers electronics devices electronics devices Expansion of M&As Decline in Securitization of Change in distributor competitiveness commercial rights policy Acceleration
Slide 21: New Mid-Term Plan
Confidential New Mid-Term Plan Transforming into a robust company that can realize sustainable growth Driving force for the Creating new Improving capital realignment of businesses through efficiency industry active investment Quantitative mid-term targets (FY3/19) ROE 8.0％ or above Net sales 300 bi
Slide 22: New Mid-Term Plan Key Measures by Segment
Confidential New Mid-Term Plan Key Measures by Segment Electronic Devices Electronic Systems (i) Expansion of the base (i) Enhancement of engineering business services (ii) Rapid development of new (ii) Strengthening of system products integration capability (iii) Development of businesses (iii) Exp
Slide 23: Expansion of the Base Business
Confidential Expansion of the Base Business Strengthening design-in functionality Introducing an in-house company system Improving the ability to provide solutions Raising the Rise in the number Up 10.4% level of services of new projects year on year Proposing solutions Solution level Developing ref
Slide 24: Rapid Development of New Products
Confidential Rapid Development of New Products Development of new and unique technologies Establishment of a new organization specializing in the development of new products Nurturing of suppliers through the provisioning of capital and human resources Promoting solutions leveraging the latest techn
Slide 25: Development of Businesses in Growth Markets
Confidential Development of Businesses in Growth Markets Trends of sales to the automotive sector Focusing on automobiles, industrial (Billion （億円）yen) equipment, medical equipment and 30 300 the IoT Acquiring all shares in KTL 20 200 Corporation to form a subsidiary Strengthening the customer base
Slide 26: Enhancement of Global Operations
Confidential Enhancement of Global Operations Harnessing the broad range of suppliers and facilities of Arrow Electronics Business driven by sales for automobile applications Commenced joint operations in Europe North America Strengthening of relationships Amsterdam with customers’ headquarters
Slide 27: Electronic Systems Key Measures
Confidential Electronic Systems Key Measures Concept of market-in and customer-in Promoting differentiation through the provisioning of services and solutions to respond to individual customer needs (i) (ii) (iii) Strengthening Enhancing Enriching the system integration engineering services product
Slide 28: Electronic Systems Efforts in Product Areas
Confidential Electronic Systems Efforts in Product Areas Proposing products with the latest technologies Industrial UVC LED manufacturing devices/Atmospheric pressure equipment plasma generating machines Finding applications for semiconductor lasers with industrial equipment Lasers Enhancing
Slide 29: Contact MARUBUN CORPORATION CORPORATE PLANNING Dept.
Confidential Cautionary Statement Within the presentation, information on the future performance such as results forecasts is based on the data available at the time this presentation was prepared that the Company assumes reasonable. Actual performance depends on various important factors and may di