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Comsys Presentation1109 ds

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  • 1. — DATA SECTION — Cautionary Statement with Respect to Forward-Looking StatementsSome of the information in this document contains forward-looking statements, which are subject to various risks and uncertainties. As a result, the Company’s actual activities and business results could differ significantly. Important factors bearing on the Company’s actual business results include, but are not limited to, changes in the economic environment for the Company’s business domains, social trends, trends in demand for the services that the Companyoffers, or downward pressure on prices and fees due to intensifying competition.
  • 2. — Highlights of Financial Statements — (Unit: ¥100 million) Performance in Performance Item Difference Main reasons for increase/decrease previous term this term Accounting segment (Consolidated financial results of this term)Net Sales 1,200 1,251 51 Net sales 736 236 106 190 39Gross Profits 107 115 7 Segment (operating) income 11 4 0.2 2 1Selling, General and Administrative Expenses 90 94 4Operating Income 16 20 3 Other Income 2 4 2 Other Expenses 0 1 0 —Recurring Profit 18 23 5 Extraordinary Profit 4 0 Extraordinary Loss 45 6Net Income 8 28Comprehensive Income 10 30Notes 1. Stated figures have been rounded down to the first full unit. (Applicable to all reference materials that follow)Notes 2. Net sales based on construction in progress amounted to ¥4.2 billion for the this term and ¥5.0 billion for the previous term;Notes 2. gross profits of construction amounted to ¥0.5 billion for the this term and ¥0.6 billion for the previous term –1–
  • 3. (Unit: ¥100 million) Performance Item this term Difference Main reasons for increase/decreaseNet Sales 1,251 -18Gross Profits 115Selling, General and Administrative Expenses 100 94Operating Income 20 1 Other Income 4 1 — Other Expenses 0 1 0 —Recurring Profit 23 Extraordinary Profit 0 0 0 — Extraordinary Loss 6 1Net Income 8 -0 –2–
  • 4. ASSETS LIABILITIES AND NET ASSETS (Unit: ¥100 million) (Unit: ¥100 million) -296 -296 2,374 2,374 (-291) 2,078 2,374 (-287) Current -182 +165 Liabilities +13 Short-term bank loans -525 659 -79 368 +86 -16 Current Assets -27 -13 Long-Term 1,498 1,211 Liabilities (-3) 97 94 (-2) +8 -12 Net Assets +2 1,617 1,615 (-8) From 67.7% to 77.3% Fixed Assets -8 +7 875 867 -7As of March 31, 2011 As of September 30, 2011 As of March 31, 2011 As of September 30, 2011 –3–
  • 5. (Unit: ¥100 million) Cash Flows from Cash Flows from Cash Flows from Investing Activities Financing Activities Operating Activities -13 -93 276 -23 +5 -80 -13 +5 and other adjustments to net income +18 in inventories +525 -87 346 -196 in Advances received on construction in progress +13 Cash and Cash Equivalents -17 +20 at End of Half Year +170 176 Cash andCash Equivalents at End of Year(As of March 31, 2011) (Note) The cash and cash equivalents at end of term does not include (As of September 30, 2011) time deposits (¥0.2 billion). –4–
  • 6. — Detailed Data — For the Six Months Ended September 30, 2011 (Unit: ¥100 million) Mar. 2011 March 2012 March 2012 2Q Results 2Q Targets 2Q Results Comparisons with the Previous Term Comparisons with Forecasts Full Year vs. Forecast Targets Progress Rate Difference (d) Percentage Difference (e) Percentage Difference Difference (a) (b) (c) (c) – (a) (d) ⁄ (a) (c) – (b) (e) ⁄ (b) (f) (c) ⁄ (f)Orders Received 1,463 1,370 1,446 -16 -1.2% 76 5.6% 2,960 48.9%Net Sales 1,200 1,270 1,251 51 4.3% -18 -1.5% 3,080 40.6%Gross Profits 107 119 115 7 7.4% -3 -3.1% 328 35.2% (Gross Profit Margin) (8.9%) (9.4%) (9.2%) 0.3 p.p. -0.2 p.p. (10.6%)Selling, General and Administrative Expenses 90 100 94 4 4.4% -5 -5.3% 205 46.2%Operating Income 16 19 20 3 23.3% 1 8.4% 123 16.7% (Operating Margin) (1.4%) (1.5%) (1.6%) 0.2 p.p. 0.1 p.p. (4.0%)Recurring Profit 18 21 23 5 27.5% 2 11.6% 128 18.3% (Recurring Profit Margin) (1.5%) (1.7%) (1.9%) 0.4 p.p. 0.2 p.p. (4.2%)Net Income -20 9 8 28 — -0 -10.9% 73 11.0% (Net Profit Margin) (-1.7%) (0.7%) (0.6%) 2.3 p.p. -0.1 p.p. (2.4%)Notes: 1. Figures are rounded down to the nearest whole unit. Increase and decrease as well as progress percentage data are calculated using a base unit of yen. Figures are rounded to the nearest first decimal place. 2. p.p. = percentage points –5–
  • 7. (Unit: ¥100 million) Orders Received Mar. 2011 March 2012 March 2012 (Six months ended September 30) 2Q Results 2Q Targets 2Q Results Comparisons with the Previous Term Comparisons with Forecasts Full Year Targets Difference (d) Percentage Difference (e) Percentage Target at Revised Targets Difference Difference Beginning Business Area (a) (b) (c) (c) – (a) (d) ⁄ (a) (c) – (b) (e) ⁄ (b) of Period NTT Information Telecommunication Engineering 764 807 887 122 16.1% 79 9.9% 1,684 1,755 Electrical Communications Engineering 327 241 253 -73 -22.6% 11 4.8% 603 585 IT Solutions 317 255 233 -84 -26.6% -22 -8.8% 529 485 Social System-Related and Other 54 65 72 18 34.1% 7 11.3% 144 135 Total 1,463 1,370 1,446 -16 -1.2% 76 5.6% 2,960 2,960 (Unit: ¥100 million) Net Sales Mar. 2011 March 2012 March 2012 (Six months ended September 30) 2Q Results 2Q Targets 2Q Results Comparisons with the Previous Term Comparisons with Forecasts Full Year Targets Difference (d) Percentage Difference (e) Percentage Target at Revised Targets Difference Difference Beginning Business Area (a) (b) (c) (c) – (a) (d) ⁄ (a) (c) – (b) (e) ⁄ (b) of Period NTT Information Telecommunication Engineering 660 784 760 100 15.2% -23 -3.0% 1,786 1,825 Electrical Communications Engineering 311 212 233 -78 -25.2% 21 10.0% 592 560 IT Solutions 186 218 195 8 4.8% -22 -10.5% 524 520 Social System-Related and Other 41 55 62 20 49.0% 7 12.8% 178 175 Total 1,200 1,270 1,251 51 4.3% -18 -1.5% 3,080 3,080Note: Figures are rounded down to the nearest whole unit. Percentages of increase and decrease are calculated using a base unit of yen. Figures are rounded to the nearest first decimal place. –6–
  • 8. For the Six Months Ended September 30, 2011 (Unit: ¥100 million) Comparisons with the Previous Term COMSYS-G SANCOM-G TOSYS-G TSUKEN-G Mar. 2011 Mar. 2012 Percentage Mar. 2011 Mar. 2012 Percentage Mar. 2011 Mar. 2012 Percentage Mar. 2011 Mar. 2012 Percentage 2Q Results 2Q Results Difference 2Q Results 2Q Results Difference 2Q Results 2Q Results Difference 2Q Results 2Q Results DifferenceOrders Received 1,068 898 -15.9% 280 248 -11.4% 135 119 -11.8% — 196 —Net Sales 852 736 -13.6% 263 236 -10.4% 104 106 1.9% — 190 —Gross Profits 74 65 -12.2% 19 17 -7.9% 8 7 -10.5% — 17 — (Gross Profit Margin) (8.7%) (8.9%) (7.3%) (7.5%) (7.7%) (6.7%) (9.2%)Selling, General and Administrative Expenses 65 53 -17.3% 15 13 -14.5% 7 6 -10.0% — 15 —Operating Income 9 11 22.8% 3 4 21.7% 0.2 0.2 -21.5% — 2 — (Operating Margin) (1.1%) (1.6%) (1.3%) (1.8%) (0.3%) (0.2%) (1.1%)Recurring Profit 12 15 22.7% 3 4 19.5% 0.5 0.3 -40.6% — 2 — (Recurring Profit Margin) (1.5%) (2.1%) (1.3%) (1.7%) (0.5%) (0.3%) (1.3%)Net Income -23 3 — 0.9 2 176.2% 1.3 -0.0 — — 1 — (Net Profit Margin) (-2.7%) (0.4%) (0.4%) (1.1%) (1.3%) (-0.0%) (0.8%) (Unit: ¥100 million) Comparisons with Forecasts COMSYS-G SANCOM-G TOSYS-G TSUKEN-G Mar. 2012 Mar. 2012 Mar. 2012 Mar. 2012 Mar. 2012 Mar. 2012 Mar. 2012 Mar. 2012 Full Year Targets 2Q Results Progress Rate Full Year Targets 2Q Results Progress Rate Full Year Targets 2Q Results Progress Rate Full Year Targets 2Q Results Progress RateOrders Received 1,837 898 48.9% 519 248 47.9% 248 119 48.3% 398 196 49.3%Net Sales 1,895 736 38.8% 518 236 45.6% 258 106 41.3% 450 190 42.4%Gross Profits 210 65 31.1% 39 17 45.3% 24 7 29.9% 43 17 40.8% (Gross Profit Margin) (11.1%) (8.9%) (7.5%) (7.5%) (9.3%) (6.7%) (9.6%) (9.2%)Selling, General and Administrative Expenses 122 53 41.1% 28 13 47.8% 17 6 40.8% 33 15 47.0%Operating Income 88 11 13.2% 11 4 38.8% 7 0.2 3.3% 10 2 20.6% (Operating Margin) (4.6%) (1.6%) (2.1%) (1.8%) (2.7%) (0.2%) (2.2%) (1.1%)Recurring Profit 94 15 16.2% 10 4 40.5% 7 0.3 4.6% 11 2 21.8% (Recurring Profit Margin) (5.0%) (2.1%) (1.9%) (1.7%) (2.7%) (0.3%) (2.4%) (1.3%)Net Income 54 3 6.0% 5 2 52.6% 4 -0.0 — 8 1 19.1% (Net Profit Margin) (2.8%) (0.4%) (1.0%) (1.1%) (1.6%) (-0.0%) (1.8%) (0.8%)Note: Figures are rounded down to the nearest whole unit. Increase and decrease as well as progress percentage data are calculated using a base unit of yen. Figures are rounded to the nearest first decimal place. –7–
  • 9. (Unit: ¥100 million) Orders Received COMSYS-G SANCOM-G TOSYS-G TSUKEN-G (Six months ended September 30) March 2011 March 2012 March 2011 March 2012 March 2011 March 2012 March 2012 2Q 2Q YoY 2Q 2Q YoY 2Q 2Q YoY 2Q Results Results Difference Results Results Difference Results Results Difference Results Business Area (a) (b) ((b) – (a)) ⁄ (a) (a) (b) ((b) – (a)) ⁄ (a) (a) (b) ((b) – (a)) ⁄ (a) (b)NTT Information 679 688 1.2% 0 — — 98 95 -3.5% 126Telecommunication EngineeringElectrical Communications Engineering 76 29 -62.3% 249 211 -15.2% 19 11 -41.0% 8IT Solutions 240 114 -52.4% 27 35 26.8% 12 7 -43.6% 44Social System-Related and Other 70 66 -6.0% 3 1 -42.0% 4 5 27.3% 16 Total 1,068 898 -15.9% 280 248 -11.4% 135 119 -11.8% 196 (Unit: ¥100 million) Net Sales COMSYS-G SANCOM-G TOSYS-G TSUKEN-G (Six months ended September 30) March 2011 March 2012 March 2011 March 2012 March 2011 March 2012 March 2012 2Q 2Q YoY 2Q 2Q YoY 2Q 2Q YoY 2Q Results Results Difference Results Results Difference Results Results Difference Results Business Area (a) (b) ((b) – (a)) ⁄ (a) (a) (b) ((b) – (a)) ⁄ (a) (a) (b) ((b) – (a)) ⁄ (a) (b)NTT Information 590 564 -4.5% 0 — — 81 86 5.5% 131Telecommunication EngineeringElectrical Communications Engineering 75 19 -73.9% 236 240 -13.6% 13 10 -23.0% 6IT Solutions 128 96 -24.8% 23 28 23.6% 5 5 -8.3% 36Social System-Related and Other 58 56 -3.5% 3 2 -16.1% 3 4 25.9% 16 Total 852 736 -13.6% 263 236 -10.4% 104 106 1.9% 190Note: Figures are rounded down to the nearest whole unit. Percentages of increase and decline are calculated using a base unit of yen. Figures are rounded to the nearest first decimal place. –8–
  • 10. (Unit: ¥100 million) Orders Received Comparisons with Forecasts Comparisons with the Previous Term Reference (Six months ended September 30) for the Fiscal Year March 2011 March 2012 March 2011 Percentage 2Q Results 2Q Results Difference (c) Difference Revised Targets Progress Rate Full Year Results Progress Rate Business Area (a) (b) (b) – (a) (c) ⁄ (a) (d) (b) ⁄ (d) (e) (a) ⁄ (e) Access 376 560 183 48.8% 1,025 54.7% 833 45.2%NTT Information Network 100 96 -4 -4.1% 195 49.6% 212 47.5%TelecommunicationEngineering Mobile 262 231 -31 -11.9% 520 44.4% 543 48.3% Subtotal 739 888 148 20.0% 1,740 51.0% 1,590 46.5%Electrical Communications Engineering 302 224 -77 -25.7% 530 42.4% 595 50.8% NCC (reposted) 182 173 -9 -5.3% 340 50.9% 382 47.7%IT Solutions 307 182 -124 -40.5% 420 43.5% 525 58.5% Information (reposted) 39 38 -1 -3.1% 90 40.0% 86 46.1%Social System-Related and Other 26 21 -4 -18.4% 40 53.8% 53 49.0% Total 1,375 1,317 -58 -4.3% 2,730 48.2% 2,764 49.8% (Unit: ¥100 million) Net Sales March 2011 March 2012 March 2011 (Six months ended September 30) Percentage 2Q Results 2Q Results Difference (c) Difference Revised Targets Progress Rate Full Year Results Progress Rate Business Area (a) (b) (b) – (a) (c) ⁄ (a) (d) (b) ⁄ (d) (e) (a) ⁄ (e) Access 330 451 121 36.7% 1,050 43.0% 841 39.3%NTT Information Network 85 76 -8 -10.0% 195 39.3% 207 41.1%TelecommunicationEngineering Mobile 223 202 -21 -9.6% 530 38.1% 527 42.4% Subtotal 638 730 91 14.3% 1,775 41.1% 1,575 40.6%Electrical Communications Engineering 289 208 -80 -27.8% 495 42.2% 657 43.9% NCC (reposted) 160 161 0 0.3% 320 50.4% 375 42.8%IT Solutions 179 153 -25 -14.5% 430 35.8% 592 30.3% Information (reposted) 34 31 -2 -6.5% 85 37.6% 78 43.4%Social System-Related and Other 14 15 0 6.8% 70 22.1% 72 19.9% Total 1,122 1,108 -14 -1.3% 2,770 40.0% 2,898 38.7%Notes: 1. The non-consolidated simple sum data are for the following five companies: Nippon COMSYS Corporation; SANWA COMSYS Engineering Corporation; TOSYS CORPORATION; TSUKEN Corporation; and COMSYS JOHO SYSTEM Corporation. 2. Figures are rounded down to the nearest whole unit. Increase and decrease as well as progress percentage data are calculated using a base unit of one million yen. Figures are rounded to the nearest first decimal place. –9–
  • 11. Comparisons with the Previous Term Comparisons with Forecasts for the Fiscal Year (Unit: ¥100 million) September 2010 September 2011 March 2012 March 2011 Percentage Results Results Difference (c) Targets Progress rate Results Progress rate difference (a) (b) (b)–(a) (c) ⁄ (a) (d) (b) ⁄ (d) (e) (a) ⁄ (e) Tangible Assets 30 10 -20 -65.4% 68 15.5% 46 66.0%Capital Expenditure Intangible Assets 2 11 9 399.1% 28 39.9% 11 20.3% Total 33 22 -11 -33.3% 97 22.7% 57 57.1%Depreciation and Amortization 24 23 -1 -6.1% 49 46.9% 50 49.1%Research & Development Expenditure 0.9 — -0.9 — 2.5 — 2.4 —Note: Figures are rounded down to the nearest whole unit. Increase and decrease as well as progress percentage data are calculated using a base unit of one million yen. Figures are rounded to the nearest first decimal place. – 10 –
  • 12. For further information, please contact: IR Department Telephone: 03-3448-7000 Facsimile: 03-3448-7001 Mail: chd-ir@comsys.co.jp URL: http://www.comsys-hd.co.jp/