Ohara Inc. · TSE:5218
Ohara — H1 FY2007 Earnings Presentation
18 slides from Ohara's earnings presentation, Jun 21, 2007
Slide 1: Presentation of Financial Results First Half of Fiscal Year Ending October 31, 2007
Presentation of Financial Results First Half of Fiscal Year Ending October 31, 2007 June 21, 2007 (Thursday) OHARA INC. (Code：5218) This presentation was prepared for informational purposes, and is not an solicitation to take any action on the basis of the information presented. The presentation (in
Slide 2: Contents
Contents ◆ Overview of FY2007 1H P03 – 09 ◆ Outlook for FY2007 P10 – 14 Progress in Achieving the ◆ P15 – 17 Medium-Term Business Plan 2 Financial Results for FY2007 1H
Slide 3: Overview of FY2007 1H
OHARA Overview of FY2007 1H
Slide 4: Summary of Results
Summary of Results (Million yen, %) FY2006 1H FY2007 1H Change Result % of sales Result % of sales Amount % Net Sales 12,946 13,331 385 3.0% Gross Profit 5,356 41.4% 5,707 42.8% 350 6.5% Operating Profit 3,289 25.4% 3,316 24.9% 27 0.8% Ordinary Profit 3,396 26.2% 3,771 28.3% 374 11.0% Net Income 2,1
Slide 5: Main Points of Financial Results
Main Points of Financial Results For pressed optical glass, an upturn in the digital devices ◆ and related markets but poor performance as a result of increasing sales competition For block optical glass, brisk performance of High ◆ Homogeneity Glass for i-line steppers in Europe and Japan Relativel
Slide 6: Optical Products
Optical Products Net Sales Operating Profit Pressed optical glass products Operating Income (Million yen) Block optical glass products (Million yen) Operating Margin (%) 12,000 4,000 35.0% 9,831 9,778 28.6% 28.3% 9,000 3,000 30.0% 6,000 7,880 7,473 2,000 25.0% 80.2% 76.4% 2,816 2,771 3,000 1,000 20.
Slide 7: Information Products
Information Products Net Sales Operating Profit Glass-ceramics Disk for HDD Operating Income (Million yen) other special glass and Glass-ceramics (Million yen) Operating Margin (%) 4,000 1,200 20.0% 3,552 3,114 15.2% 15.3% 3,000 900 15.0% 1,873 52.7% 1,646 52.9% 2,000 600 10.0% 1,000 300 545 5.0% 1,
Slide 8: Financial Position
Financial Position (Million yen) Change FY2006 1H FY2006 FY2007 1H (from end of previous fiscal period) Cash on hand and in banks 12,244 11,354 9,788 (1,565) Notes and accounts 7,832 9,248 7,723 (1,525) receivable, trade Inventories 4,928 5,054 5,315 260 Other current assets 1,961 2,345 1,200 (1,145
Slide 9: Statement of Cash Flows
Statement of Cash Flows (Million yen) FY2006 1H FY2006 FY2007 1H Change (year-on-year) Cash flow from 4,047 7,316 2,276 (1,770) operating activities Cash flow from (2,241) (3,594) (3,775) (1,533) investing activities Free cash flow 1,806 3,721 (1,498) (3,304) Cash flow from (1,981) (3,760) (1,377) 6
Slide 10: Outlook for FY2007
OHARA Outlook for FY2007
Slide 11: Summary of Results Forecast
Summary of Results Forecast (Million yen, %) FY2006 FY2007 Change Results % of sales Estimate % of sales Amount % Net Sales 27,761 28,000 239 0.9% Gross Profit 12,118 43.7% 12,354 44.1% 232 1.9% Operating Profit 7,552 27.2% 7,280 26.0% (272) (3.6%) Ordinary Profit 7,821 28.2% 7,380 26.4% (441) (5.6%
Slide 12: Forecasts of Capital Expenditure, Depreciation and Research and Development Expenses
Forecasts of Capital Expenditure, Depreciation and Research and Development Expenses Capital Expenditure, Depreciation Research and Development Expenses Depreciation Net Income Research and Development Expenses (Million yen) Capital Expenditure (Million yen) (%) % 8,000 1000 8.0% 1,600 900 6,000 1,2
Slide 13: Topics (1): Accelerated development of new Low Tg Glass products
Topics (1) Accelerated development of new Low Tg Glass products Two types of optical glass added to the series in ◆ the first half of this fiscal year (one type of Low Tg Glass, and one type of optical glass) Two types of optical glass added to the series ◆ since the beginning of the second half of
Slide 14: Topics (2): Implementing a stock split
Topics (2) Implementing a stock split By reducing the amount of investment per investment unit ◆Purpose ・ improve stock liquidity ・ expand the layers of investors ◆Effective Date Monday, April 30, 2007 ◆Ratio Two-for-one stock split 14 Financial Results for FY2007 1H
Slide 15: Progress in Achieving the Medium-Term Business Plan
Progress in Achieving the Medium-Term Business Plan
Slide 16: Progress in Achieving the Medium-Term Business Plan (1): Main Visions
Progress in Achieving the Medium-Term Business Plan (1) Main Visions Expanding sales by focusing our efforts on developing ◆ Low Tg Glass and with the timely introduction of attractive products into the market. Strengthening Glass-ceramics Disk for HDD operations ◆ and expanding production capacity
Slide 17: Progress in Achieving the Medium-Term Business Plan (2)
Progress in Achieving the Medium-Term Business Plan (2) Net Sales Ordinary Profit (Million yen) (Million yen) Initial plan Over 28,600 Initial plan 30,000 9,000 27,761 28,000 (Target) 7,821 7,380 Over 7,400 (Actual) (Forecast) (Actual) (Forecast) (Target) 27,500 7,500 25,000 6,000 28,600 27,090 7,15
Slide 18: Slide 18