• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
02 15-14 alps results-q3
 

02 15-14 alps results-q3

on

  • 108 views

 

Statistics

Views

Total Views
108
Views on SlideShare
108
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    02 15-14 alps results-q3 02 15-14 alps results-q3 Presentation Transcript

    • Securities Code: 6770 Results Briefing FY2013 3Q Friday, January 31, 2014 COPYRIGHT(C)2013 ALPS ELECTRIC CO.,LTD. ALL RIGHT RESERVED.
    • Contents ■ FY2013 3Q Summary of Financial Results P. 2 - 7 ■ FY2013 Consolidated Financial Results Forecast P. 9 - 11
    • 1. Summary of Financial Results [Unit: ¥ billion] [Consolidated] NB: Here and subsequently amounts have been rounded down to the nearest ¥100 million. NB: Breakdown of sales shows composition, breakdown of operating income shows operating margin, and differences show rates of change. 2
    • 2. Net Sales and Operating Income: Quarterly Change [Unit: ¥ billion] [Consolidated] Change in Quarterly Net Sales Change in Quarterly Operating Income 3
    • 3. Change in Breakdown of Sales by Business Segment 1. Electronic Components Segment ■Net sales [Unit: ¥ billion] Net sales (3Q accumulated) ¥252.0 billion (up 25.6% year on year) Automotive market: ¥120.3 billion (up 18.8%) Sales were steady, including factors of effects of foreign exchange rates. In particular, sales of communications modules grew. Consumer market: ¥131.6 billion (up 32.5%) Sales of products for smartphones increased steadily. As for the other products, sales in 3Q decreased compared to 2Q due to disposal of old products. ■Operating income Operating income (3Q accumulated) ¥11.3 billion (up ¥11.4 billion year on year) Operating margin: 4.5% ●Income from products for automotive market improved. ●Income from touch panels improved resulting from their sales increase. 4
    • 3. Change in Breakdown of Sales by Business Segment 2. Automotive Infotainment Segment ■Net sales [Unit: ¥ billion] Net sales (3Q accumulated) ¥207.7 billion (up 33.0% year on year) Sales of new cars in the markets of North America and Europe were strong, leading to a sales growth in genuine products for automakers. The installment rate of our products grew for some car models. ■Operating income Operating income (3Q accumulated) ¥7.8 billion (up 350.8% year on year) Operating margin: 3.8% An improvement was achieved due to a change in composition of products and a decrease in cost of sales. 5
    • 4. Amount of Effect from Exchange Rates [Unit: ¥ billion/month/per ¥1] USD EUR Net sales 0.30 0.04 Operating income 0.06 0.01 Net sales 0.20 0.02 Operating income 0.05 0.01 Consolidated Electronic components segment NB: The above amounts for the USD effect include other currencies linked to the USD (eg.: HKD, CNY). 6
    • 5. Summary of Balance Sheet [Unit: ¥ billion] [Consolidated] Inventories ¥86.1 billion (up ¥11.8 billion from previous year-end) Electronic components segment: up ¥5.7 billion (includes ¥4.0 billion in exchange rate effect) Automotive infotainment segment: up ¥6.0 billion (includes ¥4.2 billion in exchange rate effect) Tangible fixed assets ¥136.0 billion (up ¥6.8 billion from previous year-end) Electronic components segment: up ¥4.4 billion (includes ¥4.6 billion in exchange rate effect) Automotive infotainment segment: up ¥3.2 billion (includes ¥1.8 billion in exchange rate effect) Interest-bearing debt ¥115.9 billion (down ¥8.4 billion from previous year-end) Electronic components segment: repayment of long-term debt 7
    • FY2013 Consolidated Financial Results Forecast
    • 1. FY2013 Financial Results Forecast [Unit: ¥ billion] [Consolidated] Changes in financial results forecast announced on October 31, 2013. NB: Here and subsequently amounts have been rounded down to the nearest ¥100 million. NB: Breakdown of sales shows composition, breakdown of operating income shows operating margin, and differences show rates of change. 9
    • 2. Net Sales and Operating Income Forecasts by Business 1. Electronic Components Segment ■Net sales [Unit: ¥ billion] Net sales ¥335.0 billion (up 25.0% year on year) (1H result: ¥162.1 billion; 2H forecast: ¥172.9 billion) Automotive market: ¥165.3 billion (up 18.1%) Sales of products such as sensors, in-car module products and communications modules are expected to increase. Consumer market: ¥169.7 billion (up 32.6%) ■Operating income Sales of various products for smartphones are expected to grow. Operating income ¥14.0 billion (up ¥13.8 billion year on year) (1H result: ¥5.0 billion; 2H forecast: ¥8.9 billion) Operating margin: 4.2% Income from in-car module products is expected to improve, and income from products for smartphones such as camera actuators and switches is also expected to improve due to their sales increase. 10
    • 2. Net Sales and Operating Income Forecasts by Business 2. Automotive Infotainment Segment ■Net sales [Unit: ¥ billion] Net sales ¥279.5 billion (up 27.2% year on year) (1H result: ¥136.1 billion; 2H forecast: ¥143.3 billion) Sales of new cars in the overseas markets will be strong, leading to a sales growth in genuine products for automakers. ■Operating income Operating income ¥9.5 billion (up 313.0% year on year) (1H result: ¥3.7 billion; 2H forecast: ¥5.7 billion) Operating margin: 3.4% An improvement due to a change in composition of products is expected. 11
    • The business results forecasts and future predictions included in these materials are based on the judgment of the Company at the time of preparation of the materials, and are inherently subject to risks and uncertainties. As a result, actual business results and outcomes may differ significantly due to a variety of factors. 12
    • Consolidated Financilal Results FY2013 3Q (April 2013 - December 2013) Basic Datas January 2014 Alps Electric Co., Ltd.
    • 1.Outline (Unit:100 million Yen) FY2013 FY2012 1Q Net Sales Domestic Overseas Operating Income Ordinary Income Net Income 2Q 1,331 343 988 4 △3 △24 3Q 1,312 315 997 23 20 △2 4Q 1,367 309 1,058 25 34 △12 Total 1,452 294 1,157 14 25 △31 5,464 1,262 4,202 68 76 △70 1Q 2Q 1,557 287 1,270 31 29 △2 3Q 1,724 332 1,392 79 78 55 2.Net Sales (by segments) 1Q 2Q 640 355 284 545 121 24 1,331 3Q 681 329 352 483 122 25 1,312 4Q 684 328 356 532 125 25 1,367 Total 674 387 287 637 116 24 1,452 2,680 1,400 1,280 2,198 485 99 5,464 1Q 2Q 736 400 335 673 123 24 1,557 3Q 884 366 518 687 128 24 1,724 3.Operating Income 1Q 2Q △23 13 11 1 1 4 3Q 15 △2 7 1 1 23 4Q 7 5 11 2 -1 25 Total 3 5 5 △1 0 14 1Q 2 23 35 4 2 68 2Q 6 14 9 0 0 31 2Q 78 16 3 2 △0 100 3Q 67 18 5 1 △0 92 4Q 50 13 4 1 △0 69 6,760 - - 280 280 125 830 450 380 718 132 26 1,700 Total 3,350 1,653 1,697 2,795 520 100 6,760 4Q(Est) 62 40 13 2 △1 116 27 17 8 3 0 52 Total 140 95 40 6 0 280 (Unit:100 million Yen) FY2013 FY2012 1Q 4Q(Est) 899 436 463 715 137 25 1,778 3Q 44 23 8 1 1 79 4.Capital Expenditures Electronic Components Automotive Infotainment Logistics Others Eliminations Total Total (Unit:100 million Yen) FY2013 FY2012 Electronic Components Automotive Infotainment Logistics Others Eliminations Total 1,700 - - 52 48 14 (Unit:100 million Yen) FY2013 FY2012 Electronic Components Automotive market Consumer market Automotive Infotainment Logistics Others Total 4Q(Est) 1,778 350 1,428 116 124 57 Total 42 17 2 1 △7 55 238 67 16 6 △9 318 1Q 2Q 41 15 3 1 △1 59 3Q 39 22 4 1 △0 68 4Q(Est) 46 21 2 1 △0 70 45 16 1 1 △0 65 Total 173 76 11 5 △1 264 (Ref.) Estimate booked on the basis of order forecast including lease. 5.Depreciation Expenses (Unit:100 million Yen) FY2013 FY2012 1Q Electronic Components Automotive Infotainment Logistics Others Eliminations Total 2Q 30 14 4 1 △0 50 3Q 32 14 4 1 △0 53 4Q 35 15 4 1 △0 57 Total 30 16 5 1 △0 53 130 61 19 5 △0 215 1Q 2Q 38 14 4 1 △0 58 3Q 39 14 4 1 △0 60 FY2012 1Q 2Q 33 40 - 0 73 3Q 27 45 - 0 73 4Q Total 117 168 - 0 286 1Q 2Q 33 44 - 0 77 2012/6 419 288 12 0 △0 720 2012/9 2012/12 407 437 326 346 10 8 0 1 △0 △0 745 792 2013/3 439 293 10 0 △0 743 (Unit:100 million Yen) 2013/6 2013/9 2013/12 500 456 497 300 309 353 10 11 10 1 0 0 △0 △0 △0 811 777 861 2012/6 20,059 11,194 4,600 809 36,662 5,615 2012/9 2012/12 20,060 19,629 11,241 11,141 4,626 4,714 808 812 36,735 36,296 5,548 5,533 2013/3 19,600 11,107 4,683 809 36,199 5,471 2013/6 19,797 11,368 4,721 824 36,710 5,567 (Non Consolidated) (Ref.) All figures exclude temporary employees. 34 48 - 0 83 4Q(Est) 28 43 - 0 72 8.Employees Electronic Components Automotive Infotainment Logistics Others Total 3Q 27 39 - 0 67 7.Inventories Electronic Components Automotive Infotainment Logistics Others Eliminations Total 42 15 4 1 △0 63 Total 161 59 19 5 △0 244 (Unit:100 million Yen) FY2013 6.R & D Expenses Electronic Components Automotive Infotainment Logistics Others Total 4Q(Est) 40 14 5 1 △0 61 32 44 - - 76 (Unit:Person) 2013/9 2013/12 19,756 19,649 11,400 11,589 4,751 4,811 819 813 36,726 36,862 5,515 5,499 33 63 - 0 96 Total 133 200 - 0 334