Sysmex Corporation · TSE:6869
Sysmex — H1 FY2012 Earnings Presentation
20 slides from Sysmex's earnings presentation, Nov 8, 2011
Slide 1: Business Results for the First Six Months of the Fiscal Year Ending March 31, 2012
Business Results for the First Six Months of the Fiscal Year Ending March 31, 2012 Sysmex Corporation Hisashi Ietsugu, President and CEO November 8, 2011
Slide 2: Contents
Contents Chapter 1 Financial Highlights for the First Six Months of the Fiscal Year Ending March 31, 2012 Chapter 2 Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2012 Forward-Looking Statements This material contains forward-looking statements about Sysmex Corporation and its G
Slide 3: Chapter 1 Financial Highlights for the First Six Months
Chapter 1 Financial Highlights for the First Six Months of the Fiscal Year Ending March 31, 2012
Slide 4: Financial Highlights
Financial Highlights (First six months of fiscal years to March 31) (Billions of yen) (Billions of yen) 2012 1H Earlier Forecast 2011 1H YoY Net Sales Income (Previous Ratio (As of May) Ratio Ratio period = 100%) Net Sales 65.2 100% 65.0 100% 60.0 100% 108.7% Cost of Sales 24.0 36.9% - - 21.0 35.0%
Slide 5: Breakdown of Net Sales and Operating Income
Breakdown of Net Sales and Operating Income (Billions of yen) Net Sales Operating Income Note: FX impact excluded from regional sales below Decrease in gross margin as a AP result of higher cost ratio China FX impact SG&A increase Gross margin - 0.1 Europe on increased -2.9 sales 4.7 Americas FX imp
Slide 6: Breakdown of Assets and Liabilities/Equity
Breakdown of Assets and Liabilities/Equity (Billions of yen) Assets Liabilities/Equity Fixed assets Down Intangible Up Equity ¥0.3 Tangibl fixed billion e fixed assets ¥1.1 Cash assets billion Retained Other net 1.0 0.6 earnings assets 0.1 Liabilities - 1.8 - 2.0 Current assets Up 1.9 Down Other Not
Slide 7: Consolidated Cash Flows
Consolidated Cash Flows (Billions of yen) 15 10.6 10 8.1 8.2 5 4.1 2.4 0.1 0 - 1.5 - 1.5 - 2.5 - 3.3 - 3.6 -5 - 5.8 -10 Increase/decrease in Cash flow from Cash flow from Cash flow from cash and cash operating activities investing activities financing activities equivalents* 2010 1H 2011 1H 2012 1H
Slide 8: Topics (1)
Topics (1) Launched new products in the hematology and non-hematology fields ¾ Hematology •Commenced sales of the flagship XN Series (Japan, Europe) •Began sales in China of the XS500i (five-type analyzer), tailored to emerging market needs, with gradual rollout into other emerging markets ¾ Hemosta
Slide 9: Topics (2)
Topics (2) Sysmex reference counter* was selected by Beijing Institute of Metrology and Testing as the national standard for blood cell counting in China. Sysmex 14th Scientific Seminar in China in Xiamen, Fujian Province, attended by approximately 900 people Reference counter ¾ Provided up-to-date
Slide 10: Net Sales by Geographic Region
Net Sales by Geographic Region Net Sales by Geographic Region (Billions of yen) (First six months of fiscal years to March 31) (Sales to Customers) 2012 1H 2011 1H YoY (Previous period = 100%) Ratio Ratio (Yen) (Local currency) Net Sales 65.2 100% 60.0 100% 108.7% － Americas 12.6 19.4% 12.4 20.6% 10
Slide 11: Geographic Segment Information: Americas
Geographic Segment Information: Americas (Billions of yen) 15 2.5 Net Sales Operating Income (First six months of fiscal years to March 31) (Billions of yen) 12.0 12.4 12.6 11.3 YoY (Previous 12 2.0 2012 1H 2011 1H 10.1 period = 100%) 1.4 9 1.5 1.1 1.2* Net Sales 12.6 12.4 102.3% 6 1.0 0.5 Operating
Slide 12: Geographic Segment Information: Europe
Geographic Segment Information: Europe 25 (Billions of yen) 10 Net Sales Operating Income (First six months of fiscal years to March 31) (Billions of yen) 19.2 19.1 YoY (Previous 20 18.3 8 2012 1H 2011 1H 17.7 16.8 period = 100%) 15 6 Net Sales 18.3 16.8 108.8% 10 2.8 2.6 2.5 2.7 4 Operating Income
Slide 13: Geographic Segment Information: China
Geographic Segment Information: China 12 (Billions of yen) 2.5 Net Sales Operating Income (First six months of fiscal years to March 31) (Billions of yen) 10.0 10 YoY (Previous 2 2012 1H 2011 1H period = 100%) 8 7.7 1.5 * 1.5 1.2 1.4 * Net Sales 10.0 7.7 128.9% 6 4.4 5.3 1 4 3.9 Operating Income 1.5
Slide 14: Geographic Segment Information: AP
Geographic Segment Information: AP 4 (Billions of yen) 2.0 (Billions of yen) Net Sales Operating Income (First six months of fiscal years to March 31) 3.2 3.3 YoY (Previous 2012 1H 2011 1H 3 2.8 2.7 1.5 period = 100%) 2.4 Net Sales 3.3 3.2 102.7% 2 1.0 0.53 Operating Income 0.08 0.41 19.7% 1 0.41* 0
Slide 15: Geographic Segment Information: Japan
Geographic Segment Information: Japan (Including South Korea, Taiwan, (Billions of yen) (First six months of fiscal years to March 31) (Billions of yen) 50 other countries and IDEXX) 12 YoY (Previous Net Sales Operating Income 2012 1H 2011 1H period = 100%) 41.1 10 Net Sales 41.1 36.7 112.0% 40 36.7
Slide 16: Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2012
Chapter 2 Consolidated Earnings Forecast for the Fiscal Year Ending March 31, 2012
Slide 17: Consolidated Earnings Forecast
Consolidated Earnings Forecast (Revised subsequent to May 2011 announcement) Consolidated Earnings Forecast for the Year Ending March 31, 2012 Net Sales: ¥134.0 billion Operating Income: ¥18.5 billion Ordinary Income: ¥18.0 billion Net Income: ¥11.5 billion Operating Margin: 13.8% Ordinary Margin: 1
Slide 18: Financial Targets: Sales and Operating Income by Region
Financial Targets: Sales and Operating Income by Region (Revised subsequent to May 2011 announcement) 35 Americas 5 45 Net Sales Europe Operating 12 Japan (Billions of yen) Net Sales Operating Income Income 39.1 37.2 30 26.3 35.3 36.4 35.2 100 Net Sales Operating 21 25.4 4 Income 25 23.3 23.4 20.8 3
Slide 19: Sysmex Corporation
Chapter 3 Sysmex Corporation Contact: IR & Corporate Communication Dept. Phone: +81-78-265-0500 Email: [email protected]
Slide 20: Kobe Marathon and Women's Ekiden Race
Kobe Marathon and Women’s Ekiden Race Special sponsor of the Kobe Marathon ¾ Date: Sunday, November 20, 2011 ¾ Races: Marathon, quarter marathon ¾ Participants: Around 28,000 entrants Marathon mascot Sysmex Women’s Track & Field Team wins second place at the 2011 West Japan Women’s Industry Group Ek