Fujikura Ltd · TSE:5803
Fujikura — H1 FY2018 Earnings Presentation
22 slides from Fujikura's earnings presentation, Oct 31, 2018
Slide 1: 1st Half FY2018 Financial Results
st 1 Half FY2018 Financial Results October 31, 2018
Slide 2: Contents
Contents 1. Review of 1st Half (1H) FY2018 Financial Results and FY2018 Forecast 2. By Segment 3. Shareholder Return 1
Slide 3: Review of 1H FY2018 Financial Results and FY2018 Forecast
1. Review of 1st Half (1H) FY2018 Financial Results and FY2018 Forecast 2
Slide 4: 1H FY2018 Financial Results and FY2018 Forecast
1H FY2018 Financial Results and FY2018 Forecast (Unit : Yen in billion) FY2018 FY2017 FY2018 （Forecasted on Sep.26） 2H FY2018 1H 2H Full Year 1H 1H Full year Forecast Forecast Net Sales 359.7 380.2 740.0 363.6 356.3 720.0 360.0 720.0 Operating Income 17.5 16.8 34.3 14.2 15.7 30.0 14.0 30.0 Ratio of
Slide 5: Review of 1H FY2018 Results
Review of 1H FY2018 Results Net sales increased on a YoY basis owing to the increased demand from the electronics business and the launch of new models in the automotive products business despite the decrease in sales due to the restructuring of the domestic electric wire sales company in the prev
Slide 6: 1H FY2018 Contributing Factors to Net Sales Change
1H FY2018 Contributing Factors to Net Sales Change (year-on-year basis) Net Sales Impact of the (Unit : Yen in billion) restructuration of the domestic Effects of electric wire Automotive Copper sales company Products Prices in FY2017 Business +3.6 Power & Electronics Business +3.5 (8.0) Telecommuni
Slide 7: 1H FY2018 Contributing Factors to Operating Income Change
1H FY2018 Contributing Factors to Operating Income Change (year-on-year basis) Operating Income (Unit : Yen in billion) Overhead transmission cable project in Power & Automotive Bangladesh Telecommunication Products Electronics Systems Business (2.3) Business Business +0.8 (2.4) +0.6 17.5 3.2 lower
Slide 8: 1H FY2018 Extraordinary Profit and Loss and Tax Items
1H FY2018 Extraordinary Profit and Loss and Tax Items Extraordinary Profit and Loss (Unit: Yen in billion) FY2017 1H Full FY2018 1H 2H year Operating Income 17.5 16.8 34.3 14.2 Share of other comprehensive income of entities accounted for 0.6 0.8 1.5 0.4 using equity method Ordinary Income 17.6 16.5
Slide 9: Consolidated B/S (1)
Consolidated B/S (1) （Unit: Yen in billion） As of March As of Sep. Change 31, 2018 30, 2018 〈Assets〉 638.0 678.7 +40.7 Current Assets 324.1 356.8 +32.6 Cash and Deposits 34.2 38.6 +4.3 Notes and Account 151.2 172.1 +20.9 Increased due to the seasonality Receivable in electronics business Inventories
Slide 10: Consolidated B/S (2)
Consolidated B/S (2) （Unit: Yen in billion） As of March As of Sep. Change 31, 2018 30, 2018 Total liabilities net assets 638.0 678.7 +40.7 (Treasury Stock) ((6.3)) ((6.3)) (+0.0) 〈Liability〉 396.0 433.5 +37.4 Notes and Account 77.1 82.1 +5.0 Payable Interest-bearing Debt 239.3 269.4 +30.0 Increase i
Slide 11: 2. By Segment
F Fujikura 2. By Segment
Slide 12: Financial Results and Forecast by Segment
Financial Results and Forecast by Segment （Unit: Yen in billion） Net Sales Operating Income and Ratio of Operating Income to Net Sales 1H 1H 1H 1H 2H FY2018 2H FY2018 Segment FY2017 FY2018 Change Forecast FY2017 FY2018 Change Forecast Results Results Results Results Power & 12.1 7.1 (4.9) 8.7 Teleco
Slide 13: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1H, although copper prices rose, net sales remained unchanged on a YoY basis owing to the restructuration of the domestic electric wire sales company in FY2017. Operating income decreased on a YoY basis due to stiff competition in the domestic and overs
Slide 14: Electronics Business Company
Electronics Business Company In 1H FY 2018, net sales increased on a YoY basis owing to strong demand of FPCs for smartphone. For 2H FY 2018, net sales of FPCs for smartphone is projected to decrease due to seasonality mainly in 4Q, but ratio of operating income to net sales is expected to rise
Slide 15: Automotive Products Company
Automotive Products Company In 1H, net sales increased on a YoY basis owing to the launch of new models for cars. Operating income increased because of the reduction in emergency cost against the increase in the turnover rate in Eastern Europe manufacturing bases booked in 1Q FY2017. For 2H, in
Slide 16: Real Estate Business Company
Real Estate Business Company Revenues from leasing real estate properties continue to contribute to the consolidated operating income. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Real Estate Ratio of Operating Income to Net Sales Stable revenues form leasing prope
Slide 17: Capital Investment and Depreciation Cost
Capital Investment and Depreciation Cost （Unit: Yen in billion） FY2017 FY2018 1H Forecasts 1H Full year FY2018 （5.11） Capital Investment 21.3 42.5 33.2 47.0 (for manufacturing 20.6 40.1 32.4 45.0 business) (for real estate business) 0.6 2.4 0.8 2.0 Depreciation Cost 13.2 26.8 15.4 33.0 (for manufact
Slide 18: Interest-bearing Debts, Net Financial Profit and Free Cash Flow
Interest-bearing Debts, Net Financial Profit and Free Cash Flow （Unit: Yen in billion） FY2017 FY2018 1H 2H Full year 1H Interest-bearing 241.0 239.3 239.3 269.4 Debts Net Financial (0.2) (0.7) (1.0) (0.9) Profit/Loss Free Cash Flow (11.4) 7.9 (3.4) (18.8) Free Cash Flow = Cash Flow by Operating Acti
Slide 19: 3. Shareholder Return
F Fujikura 3. Shareholder Return
Slide 20: Profit Return
Profit Return Basic Policy of 2020 Mid-term Dividend payout ratio 20% or higher FY2018 Forecast Dividends 14.0 yen per share (Interim: 7.0 yen per share, Year-end: 7.0 yen per share, 4.0 billion yen) FY2017 Result 14.0 yen per share (Interim: 7.0 yen per share, Year-end: 7.0 yen per share) (Un
Slide 21: Special Notes
Special Notes: Statements in this presentation that relate to future to results and events (including statements regarding Fujikura's revenue and earnings guidance) and based on Fujikura's current expectations. Actual results in future periods may differ materially form those currently expected beca
Slide 22: 1H FY2018 Financial Results Appendix: Net Sales and Operating Income by Segment
【1H FY2018 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecast by Segment Unit: Yen in Billion FY2017 FY2018 Full 1Q 2Q 1H 2H Full Year 1Q 2Q 3Q 4Q 1H 2H Year Results Results Results Forecasts Forecasts Power Systems 50.4 51.3 58.7 52.2 101.8 111.0 21