2007.4.26 Apr. 26, 2007 0 Fiscal 2007 , ended March 31, 2007 Fiscal 2007 , ended March 31, 2007 Business Results Business Results When included in this presentation, the words “will”, “should”, “expects”, “intends”, “anticipates”, “estimates”, and similar expressions, among others, identify forward looking statements. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those set forth in this presentation. These forward-looking statements are made only as of the date of this presentation. The Company expressly disclaims any obligations or undertaking to release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based. Actual results may vary widely from forecasts due to the following factors : 1) drastic changes in economic conditions and product supply and demand in major markets (Japan, Europe, The Americas, Asia etc.), 2) changes in trade regulations and other regulatory changes in major domestic and international markets, 3) Drastic changes in foreign exchange rates (yen-dollar, yen-euro etc.), 4) sharp moves in the capital markets, and 5) changes in social infrastructure caused by drastic changes in technology etc. Risks and uncertainties also include the impact of any future events with material unforeseen impacts.
2007.4.26 Summery of Business Results in Fiscal 2007 1 Difficulty for Consumer Electronics business Difficulty for Consumer Electronics business - Difficulty for Display business in U.S. １ - Difficulty for Display business in U.S. １ - Lack of sales appeal for LCD TVs in Japan and increase of - Lack of sales appeal for LCD TVs in Japan and increase of sales promotion costs sales promotion costs - Stable growth of camcorder business - Stable growth of camcorder business Slumping Software & Media business Slumping Software & Media business - Lack of big hits from Victor Entertainment in second half ２ - Lack of big hits from Victor Entertainment in second half ２ - Difficulty in recording media business due to the sudden - Difficulty in recording media business due to the sudden change of camcorder recording media change of camcorder recording media - However, good performance by Teichiku Entertainment - However, good performance by Teichiku Entertainment Decline in business performance in Q4 Decline in business performance in Q4 ３ ３ - Both sales and profit getting worse compared to the figures - Both sales and profit getting worse compared to the figures announced on Feb.19. announced on Feb.19.
2007.4.26 Fiscal 2007 Consolidated Financial Results 2 （￥ billion ） C h ages v s R e v isio n m a d e C h a n g e s v s FY 06 (C on solida ted) R esu lts o n F e b .1 9 re v isio n FY 06 742.7 764.0 806.9 N et sales (21.3) 92% O peratin g -7.7% -0.9% (5.7) (1.0) (6.9) in com e(loss) (4.7) 1.2 O rdin ary -1.6% -1.9% in som e(loss) (11.7) (7.0) (15.0) (4.7) 3.3 0.3% -2.7% In com e (loss) before in com e tax es 2.6 - (22.1) - 24.7 N et in com e -1.1% -3.8% (loss) (7.9) 0 (30.6) (7.9) 22.7 Revision made Change vs Changes vs Non-consolidated FY06 on Results revision FY06 Feb.19 369.6 383.0 433.1 Net sales (13.4) 85% Operating -1.2% -0.8% (4.5) - (3.4) - income(loss) (1.1) Ordinary -1.9% -1.1% (7.0) (3.0) (4.8) income(loss) (4.0) (2.2) -4.5% -2.7% Income befor (16.6) - (11.7) - (4.9) income taxes Net income -6.6% -3.9% (24.5) 7.0 (16.7) (loss) (31.5) (7.8)
Fiscal 2007 1H Operating Income (Loss) Breakdown 2007.4.26 3 (Changes vs. business forecast announced on Feb.19) Operating income Net sales (¥billion) Forecast Forecast Forecast Forecast Changes Changes Result Result Result announced announced Result announced announced vs. forecast vs. forecast on Feb.19 on Feb.19 -5.7 on Feb.19 on Feb.19 -5.7 742.7 742.7 -21.3 -4.7 764.0 -1.0 764.0 -1.0 Overseas Overseas Consumer Consumer -9.2 Forecast at the Electronics Electronics beginning of the year Forecast -5.3 announce Components Components & Devices & Devices on Feb.19 -3.2 Exchange Domestic Exchange Domestic -1.4 rate rate Consumer 07/１Q 07/２Q 07/３Q 07/４Q 764.0 Consumer -0.9 Electronics Electronics -0.7 -0.6 Professional Professional Others Others Electronics Electronics Result Software & Software & 742.7 Media Media
2007.4.26 Fiscal 2007 Sales Results by Segment 4 （億円） Consumer Professional 95% Y/Y 90% Y/Y Consumer Professional Electronics Electronics Electronics Electronics 67.6 600.4 64.0 543.3 23.1 (106%y/y) Overseas 24.4 (92%y/y) Overseas 481.6 443.0 44.5 39.6 (89%y/y) Domestic Domestic (84%y/y) 118.8 100.3 FY2006 FY2007 FY2006 FY2007 Components Software 118% Y/Y Components Software 92% Y/Y & Devices & Media & Devices & Media 103.9 95.2 35.6 15.1 30.2 Overseas (86% y/y) 13.0 (117%y/y) Overseas 32.7 28.0 88.8 Domestic 82.2 (93% y/y) Domestic (130%y/y) 2.2 2.9 FY2007 FY2006 FY 2006 FY 2007
2007.4.26 Consumer Electronics Quarterly Sales by Region 5 （ local currency basis ） Japan America FY07 yearly Japan America FY07 yearly Y/Y changes growth 82% Excluding growth 79% excluding CRT sales DVD sales 110% 88% 102% 109% 102% 95% 96% 95% 102% 84% 84% 92% 90% 91% 76% 87% 83% 87% 76% 74% 74% 79% 78% Y/Y 68% changes 06/1Q 06/2Q 06/3Q 06/4Q 07/1Q 07/2Q 07/3Q 07/4Q 06/1Q 06/2Q 06/3Q 06/4Q 07/1Q 07/2Q 07/3Q 07/4Q （ local currency basis ） Asia Europe Asia （ local currency basis ） FY07 yearly FY07 yearly Europe Excluding growth 92% growth 92% DVD sales 117% 105% 103% 110% 98% 96% 96% 94% 92% 91% 90% 85% 94% 93% 91% 87% 87% 84% 82% 74% 06/1Q 06/2Q 06/3Q 06/4Q 07/1Q 07/2Q 07/3Q 07/4Q 06/1Q 06/2Q 06/3Q 06/4Q 07/1Q 07/2Q 07/3Q 07/4Q
2007.4.26 Fiscal 2007 Operating Income(Loss) Breakdown 6 Fiscal 2006 result Fiscal 2007 result Fiscal 2006 result Fiscal 2007 result -6.9 Changes vs FY 06 -5.7 -6.9 -5.7 1.2 Negative factors Positive factors Negative factors Positive factors (¥billion) FY07 FY06 result result Exchange -5.7 rate -6.9 Fixed + 2.4 improvement expense DVD + 5.4 reduction quality loss Sales decrease decrease + 9.1 -21.0 US$ ： FY06 ¥108.9 → FY07 ¥114.5 EUR ： FY06 ¥135.6 → FY07 ¥144.0 Cost Improvement Price (including decline products mix improvement) -57.8 + 63.1
2007.4.26 Fiscal 2007 Sales Results by Segment 7 Consumer Electronics Professional Electronics Consumer Electronics Professional Electronics （ ¥billion ） Changes changes R esult F Y 06 R esult F Y06 vs F Y 06 vs F Y 06 N et sales 64.0 67.6 95% N et sales 543.3 600.4 90% 1.5% 1.1% 0.5% O p erating -0.6% -1.6% 1.0% O p erating 1.0 0.7 0.3 incom e (loss) (3.4) (9.6) 6.2 incom e(loss) 627.3 68.3 67.6 600.4 64.0 543.3 1.0 10.4 0.7 0.3 F Y2005 F Y2006 F Y2007 (3.4) (9.6) F Y2005 F Y2006 F Y2007 Components & Devices Software & Media Components & Devices Software & Media C hanges Changes R esult F Y06 R esult FY 06 vs F Y06 vs FY06 N et Sales 35.6 30.2 118% N et sales 95.2 103.9 92% -2.8% 0.4% -3.2% O p erating -2.0% 2.5% -4.4% O p erating (1.0) 0.1 (1.1) incom e (loss) (1.9) 2.6 (4.5) income(loss) 43.1 35.6 103.9 30.2 95.9 95.2 0.1 2.6 2.4 F Y2005 F Y2006 F Y2007 (2.4) (1.0) FY2005 FY2006 FY2007 (1.9)
2007.4.26 Fiscal 2007 Extraordinary Profit (Loss) 8 （ ¥billion ） 1H 2H FY2007 Gain on sales of property 11.6 4.9 16.5 2.5 1.2 3.6 Gain on sales of investments securities Inventory disposal loss and Inparement loss on DVD business (2.2) (0.7) (2.9) Imparement loss on display factory in the Americas (1.1) 0.0 (1.1) Structural reform charges for overseas factories (0.8) (1.0) (1.7) Others 0.3 (0.5) (0.2) Total 10.4 3.8 14.3
2007.4.26 Trend in Asset and inventory 9 （ ¥billion ） Gross asset Inventory Gross asset Inventory 53days 62days 119.1 50days 109.3 103.8 85.6 83.6 80.3 470.1 466.5 Finished goods 420.7 33.5 25.7 23.5 Materials & Work-in-process End of Mar.'06 End of Sep.'06 End of Mar.'07 End of Mar. '06 End of Sep.'06 End of Mar.'07 Exch..rate 2006/3 2006/9 2007/3 US ＄ 117 118 118 EUR 143 150 157
Recommend
More recommend
