Ushio Inc. · TSE:6925
Ushio — H1 FY2013 Earnings Presentation
24 slides from Ushio's earnings presentation, Oct 31, 2013
Slide 1: 1st Half FY2013 Financial Results
1st Half FY2013 Financial Results USHIO INC. Oct. 31, 2013 This report contains forward-looking statements, including earnings forecasts, which are based on information currently available to the Company and on certain assumptions deemed to be reasonable. Please be advised that actual results may di
Slide 2: Agenda
I. Financial Results for 2Q FY2013 II. Forecasts for FY2013 III. Supplementary Information 2
Slide 3: Highlights of Financial Results for 2Q FY2013
Highlights of Financial Results for 2Q FY2013 For the 1st half , consolidated net sales increased by 6.2% YoY to ¥75.7billion, and consolidated operating income increased by 52.3% YoY to ¥5.8 billion. Market Trend as a Background Factor Electronics Market：In the markets for flat-panel displays (FP
Slide 4: Summary of Financial Results 1H FY2013
Summary of Financial Results 1H FY2013 FY12 FY13 YoY 1H / FY13 1H / FY13 HoH 1H 1H (Forecast) (Actual (Billions of Yen) Changes % Changes % Results) Net Sales 71.3 75.7 +4.4 +6.2 75.0 75.7 +0.7 +1.0 Operating Income 3.8 5.8 +2.0 +52.3 5.0 5.8 +0.8 +16.9 Operating Income Ratio (%) 5.4 7.7 +2.3P - 6.7
Slide 5: Financial Results Trend: Quarterly Comparison
Financial Results Trend 《Quarterly Comparison》 QoQ (Billions of Yen) 1Q 2Q Changes % Net Sales 35.4 40.2 +4.8 13.6 Operating Income 2.2 3.5 +1.2 56.0 Operating Income Ratio (%) 6.4 8.8 +2.4P - Ordinary Income 3.4 4.2 +0.7 21.8 Net Income 3.0 2.1 ▲0.9 ▲31.0 EPS (Yen) 23.28 16.06 Forex (Yen) USD 99 98
Slide 6: Financial Results by Business Segments
Financial Results by Business Segments (Billions of Yen) FY12 FY13 YoY FY12 FY13 HoH Business Segments 1H 1H Changes % 2H 1H Changes % Equipment Net Sales 43.2 44.1 +0.9 +2.1 42.6 44.1 +1.4 +3.5 Operating Income 0.4 2.0 +1.5 +328.6 0.6 2.0 +1.3 +201.6 Operating Income Ratio(%) 1.1 4.6 +3.5P - 1.6 4.
Slide 7: Equipment Business Segment
Equipment Business Segment 《1H／YoY》 Net Sales ◆ Imaging Equipment： Change （Billions of Yen） In the general imaging equipment field, sales 43.2 44.1 +0.9 held firm both YoY and QoQ. As for DCPs, Illumination 0.7 0.6 ▲0.0 sales slightly decreased both YoY and QoQ since sales volume of low-priced proje
Slide 8: Light Sources Business Segment
Light Sources Business Segment 《1H／YoY》 Net Sales Change （Billions of Yen） ◆ Discharge Lamp： 26.4 30.3 +3.9 Sales increased both YoY and QoQ. Sales of xenon lamps for cinema projectors reached the highest-ever level. Sales of UV lamps for lithography remained firm as capacity utilization 23.8 +3.2 r
Slide 9: Forecasts for FY2013
I. Financial Results for 2Q FY2013 II. Forecasts for FY2013 III. Supplementary Information 9
Slide 10: Forecast for FY2013
Forecast for FY2013 (Billions of Yen) FY13 1H Achievement 2H (Forecast) Rate(%) (Forecast) Net Sales 160.0 75.7 47.3 84.2 Operating Income 12.5 5.8 46.8 6.6 Operating Income Ratio(%) 7.8 7.7 - 7.9 Ordinary Income 14.5 7.7 53.5 6.7 Net Income 10.0 5.1 51.6 4.8 EPS (Yen) 76.26 39.34 - - ROE (%) 5.6 2.
Slide 11: Sales Achievement Status for 1st Year Forecast of Mid-term Vision by Segment
Sales Achievement Status for the 1st Year Forecast of Mid-term Vision by Business Segments 1st Year Forecast Achievement (Billions of Yen) of Mid-term Vision 1H Rate(%) • DCP shipment volume is expected to Equipment show slight decrease compared to 1H. Imaging Equipment 58.9 31.1 52.8 In the general
Slide 12: 2H FY2013
2H FY2013 Equipment Business Imaging Equipment Field： As for DCP sales, Ushio expects stable shipments of “Solaria” series, a smaller type of DCP aimed at emerging markets. Despite an ongoing price decline, we expect stable DCP shipments will continue in the 2nd half, outpacing our forecast as in 1
Slide 13: Supplementary Information
I. Financial Results for 2Q FY2013 II. Forecasts for FY2013 III. Supplementary Information 13
Slide 14: Transition of Net Sales and Operating Incomes
Transition of Net Sales and Operating Incomes （Billions of yen） Net Sales Operating Income ratio(%) (Forecast) FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY07 FY08 FY09 FY10 FY11 FY12 FY13 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H (Forecast) Net Sales 74.3 73.7 68.0 52.7 55.6 63.4 70.4 74.6 75.0 74.9 71.3 7
Slide 15: Net Sales by Product Groups
Net Sales by Product Groups 《Semi Annual Transition （Billions of yen） 74.6 75.0 74.9 75.7 70.4 71.3 72.1 63.4 55.6 45.2 46.9 47.3 44.1 39.4 43.2 42.6 34.1 (60.6%) (59.1%) (58.3%) 29.2 28.0 29.7 27.7 26.4 27.9 30.3 25.0 26.5 26.0 (40.0%) (37.0%) (38.7%) FY09 FY10 FY11 FY12 FY13 Equipment Business Lig
Slide 16: Sales Trend by Product Groups
Sales Trend by Product Groups （Billions of yen） 35.9 35.3 34.4 37.6 35.4 40.2 Equipment Business 24.0 20.3 22.2 (59.6%) 21.3 (59.1%) (59.1%) 20.0 21.9 (60.3%) (56.7%) Light (60.9%) Sources Business 14.5 14.8 15.4 13.1 13.2 13.3 (38.7%) (42.0%) (38.4%) (36.5%) (37.6%) (38.7%) FY12 FY13 Equipment Busi
Slide 17: Net Sales by Geographic Segments and Foreign Sales Ratio
Net Sales and Operating Income by Geographic Segments(1H) Foreign Sales Ratio (1H) ◆Net Sales FY12 FY13 ◆FY12 （Billions of Yen） Others 0.8% Europe 13.3% Japan 25.7% North Net Sales America 71.3 25.3% (Billions of Yen) Asia 34.9% ◆Operating Income （Billions of Yen） ◆FY13 FY12 FY13 Others 3.1% Europe
Slide 18: Other Income and Expenses (1H)
Other Income and Expenses(1H) (Billions of Yen) FY12 FY13 YoY Other Income 0.8 2.1 +1.2 Dividend 0.4 0.5 +0.0 Exchange Gain - 0.5 +0.5 Others 0.3 1.0 +0.6 Other Expenses 1.4 0.2 ▲1.2 Exchange Loss 0.8 - ▲0.8 Realized and unrealized profit 0.3 - ▲0.3 on trading securities, net Others 0.3 0.2 ▲0.1 Oth
Slide 19: Balance Sheet
Balance Sheet ◆Assets ◆Liabilities・Total Net Assets (Billions of Yen) (Billions of Yen) Changes Changes 228.6 238.0 +9.3 228.6 238.0 +9.3 Notes and Accounts ▲2.6 Payable +0.4 Cash and Bank Deposits 13.9 +1.4 Other Current Liabilities 42.5 16.6 42.1 22.8 Notes and Accounts 21.3 +1.0 Long-term Liabili
Slide 20: Cash Flow (1H)
Cash Flow(1H) （Billions of Yen） Financing Activities 7.8 5.7 5.1 Free Cash Flow 0.5 ▲0.4 ▲4.7 ▲6.5 ▲8.3 Investing Activities Operating Activities FY11 FY12 Cash and Cash Equivalents Cash and Cash Equivalents at the Beginning of the FY 41.5 at the Beginning of the FY 43.2 Cash and Cash Equivalents Ca
Slide 21: Capital Expenditures, Depreciation and Amortization, R&D Expenses
Capital Expenditures, Depreciation and Amortization, R&D Expenses ◆ Capital Expenditures, ◆ R&D Expenses Depreciation and Amortization Ratio of R&D Capital Expenditures Depreciation and Amortization R&D Expenses Expenses to Net Sales （Billions of Yen） （Billions of Yen） 7.0% 5.8% 5.8% （Plan） 4.7% 5.1
Slide 22: Topics
USHID cishtins—eage Technologies TOPICS 22
Slide 23: Newly Developed UDI Series
Newly Developed ADTEC Engineering Point Reader Launched commences negotiations “UDI Series” （April, 2013） with FUJIFILM （May, 2013） （September 30, 2013） A compact blood analyzer A direct imaging system ・Acquisition of business for quantitative analysis of for printed-circuit boards regarding design,
Slide 24: Contact: IR & Public Relations
Contact: IR & Public Relations, USHIO INC. Email: [email protected] http://www.ushio.co.jp/global/ 24