Tsubakimoto Chain Co. FYE 2013 Interim Settlement of Accounts Presentation Meeting November 2012
1 FYE 2013 Interim Settlement of Accounts Consolidated Business Report Note: The "first half" referred to in this report indicates the period from April 1 through September 30 of the applicable consolidated accounting year, while the "second half" indicates from October 1 of the same year through March 31 of the following year. (For some overseas subsidiaries, these periods are from January 1 through June 30 and from July 1 through December 31 respectively of the applicable year.) Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
1. Interim Review 2 Highlights of Consolidated Settlement of Accounts Due to increased automobile production, etc., sales rose 4.2% YoY. Our operating income margin improved to 8.8%. (Yen, millions) FYE 2012 FYE 2013 YoY vs. initial forecast First half figure First half figure Increase/decrease Increase/decrease (actual) (actual) 69,865 72,773 4.2% -0.3% Net sales 5,567 6,419 15.3% 10.7% Operating income 8.0% 8.8% Operating income margin 5,686 6,525 14.7% 10.6% Ordinary income 3,108 3,810 22.6% 15.5% N et income for the quarter 16.71 20.36 － － First-quarter net income per share ¥79.75 ¥79.41 (Exchange rates 1US$) － － ¥113.73 ¥100.54 (Exchange rates 1EURO) － － 46.2% 45.6% Shareholders' equity ratio Equity capital/total assets Net D/E ratio 0.20 0.20 Net interest-bearing debt / equity capital Tsubakimoto Chain Co. FYE 2013 Interim Settlement of Accounts Presentation Meeting
2. Interim Review Trend in Quarterly Consolidated Settlement of Accounts 3 Trends in sales and operating income margin (Consolidated) (Yen, 100 millions) 億円 5 0 0 5 0 0 2 5 % 2 5 % 3 9 4 3 9 4 3 6 0 3 3 0 3 6 8 3 6 8 3 5 5 3 6 0 3 6 7 3 6 7 4 0 0 4 0 0 2 0 % 2 0 % 3 4 0 3 5 8 3 5 8 3 3 0 3 5 5 3 2 9 3 5 3 3 5 3 3 4 0 3 2 9 3 0 0 3 0 0 1 5 % 1 5 % 9 . 4 % 9 . 0 % 8 . 6 % 8 . 8 % 2 0 0 2 0 0 1 0 % 1 0 % 9 . 1 % 8 . 4 % 7 . 7 % 7 . 9 % 7 . 1 % 6 . 9 % 1 0 0 1 0 0 5 % 5 % 0 0 % 0 % 1 Q 1 Q 2 Q 2 Q 3 Q 3 Q 4 Q 4 Q 1 Q 1 Q 2 Q 2 Q 3 Q 3 Q 4 Q 4 Q 1 Q 1 Q 2 Q 2 Q FYE 2011 FYE 2012 FYE 2013 Major exchange rates Full year Full year First half ¥85.74 ¥79.07 ¥79.41 US ＄ ¥113.14 ¥109.02 ¥100.54 Euro Operating income : : Sales Unit: Yen, 100 millions margin Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
3. Interim Review 4 Analysis of Factors Consolidated Increasing/Decreasing Operating Income First half of FYE 2012 (actual figures) vs. First half of FYE 2013 (actual figures) Increasing Decreasing factors factors Labor cost Sales increase increase Other fixed cost -0.5 billion increase 1H FYE 2013 ¥ 2.2 -0.7 billion Cost of materials Operating income billion -0.1 billion 1H FYE 2012 Operating income ¥ 6.4 ¥ 5.5 billion billion *Note: The foreign exchange effect was extremely small, so we assumed it to be zero. Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
4. Interim Review 5 Breakdown by Business Segment Due to increased automobile production, Automotive Parts Operations recorded higher sales and income. Both Power Transmission Units and Components Operations and Materials Handling Systems Operations recorded sales and income declines. (Yen, millions) FYE 2012 FYE2013 YoY vs. initial forecast First half figure First half figure Increase/decrease Increase/decrease (actual) (actual) 25,964 25,088 -3.4% -3.1% Net sales *1 Chain 1,819 1,922 5.6% 13.1% Operating income Operations 7.0% 7.7% O perating income margin Power 10,957 10,005 -8.7% -4.7% Net sales *1 Transmission 1,379 1,017 -26.2% -10.9% Units and Operating income Components 12.6% 10.2% O perating income margin Operations 19,858 24,396 22.8% 3.8% Net sales *1 Automotive 1,734 3,244 87.0% 29.3% Parts Operating income Operations 8.7% 13.3% O perating income margin 13,141 13,135 -0.0% 0.3% Materials Net sales *1 Handing 367 261 -28.9% -28.5% Operating income Systems 2.8% 2.0% Operations O perating income margin 1,297 1,435 10.6% 0.3% Net sales *1 Other *2 62 92 46.4% 8.2% Operating income 4.9% 6.4% O perating income margin *1: Sales figures include internal sales and transfers between segments. *2: "Other" is not a reportable segment. Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
5. Interim Review 6 Overview by Business Segment Trends in sales and operating income margin Power Transmission Units and Components Chain Operations Operations （ Yen, 100 millions ） （ Yen, 100 millions ） 150 15% 150 15% 100 10% 100 10% 50 5% 50 5% 0 0% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q FYE 2012 FYE 2013 FYE 2012 FYE 2013 <Sales by industry> <Sales by industry> • Sales to the automobile and food & beverage • Sales to the automobile industry were favorable. industries were favorable. • LCD- and semiconductor-related sales were <Sales by region> weak. • Sales in Japan and North America were favorable. <Sales by region> • Sales in Europe were firm, but declined after • Performance in China trended upward. conversion into yen. (In local currency, sales grew • Performance in Japan, North America, and Asia slightly YoY.) was weak. • Performance in Asia and Oceania was weak. Operating income : : Sales Unit: Yen, 100 millions margin Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
5. Interim Review 7 Overview by Business Segment Trends in sales and operating income margin Materials Handling Systems Operations Automotive Parts Operations （ Yen, 100 millions ） （ Yen, 100 millions ） 150 15% 150 15% 100 10% 100 10% 50 5% 50 5% 0 0% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 1Q 2Q 3Q 4Q 1Q 2Q FYE 2012 FYE 2013 FYE 2012 FYE 2013 <Sales by region> <Sales by industry> -50 -5% • Large sales gains were recorded in Japan and North • Sales of machine tool conveyors and granular America (partly due to recovery from the Great East Japan material conveyors were favorable. Earthquake). • Sales to the distribution industry were favorable. • In Japan, Eco-car subsidies had a positive effect. • Large-scale projects for the steel industry declined. • In Thailand, increased output by Japanese manufacturers boosted sales. • Sales rose in China, but the outlook for Japanese automakers is unclear. • Sales in Europe were firm, but declined after conversion Operating income : Unit: Yen, 100 millions : Sales into yen. (In local currency, sales grew YoY.) margin Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
6. Interim Review 8 Overview by Region Asia and Oceania operations grew on strong performance in automotive parts. Profitability improved greatly in North America and Europe. (Yen, millions) FYE 2012 FYE 2013 YoY <Sales share of each region> First half figure First half figure Increase/decrease (actual) (actual) Net sales * 53,369 55,536 4.1% Japan Asia/Oceania 3,912 4,486 14.7% Operating income 10.8% 7.3% 8.1% Operating income margin Europe North America Net sales * 12,708 13,324 4.9% 8.3% 735 1,026 39.6% Operating income 5.8% 7.7% Operating income margin Net sales * 6,332 6,248 - 1.3% Europe North 1H 136 222 62.5% Operating income America FYE 2013 2.2% 3.6% Operating income margin 17.9% Net sales * 6,873 8,358 21.6% Asia/Oceania 784 795 1.3% Operating income Japan 11.4% 9.5% Operating income margin 63.0% Other areas Net sales * 48 23 - 50.3% -22 -29 Operating income － － － Operating income margin Net sales * 69,865 72,773 4.2% Consolidated 5,567 6,419 15.3% Operating income * Sales share figures are 8.0% 8.8% Operating income margin calculated from sales to outside clients. *Sales figures include internal sales and transfers between segments. <Major exchange rates> 1H FYE 2012 : US$ ＝ ¥79.75, EURO ＝ ¥113.73, Can$ ＝ ¥81.94, A$ ＝ ¥84.30, THB ＝ ¥2.70, NT$ ＝ ¥2.75, RMB ＝ ¥12.53, WON ＝ ¥0.07 2H FYE 2013 : US$ ＝ ¥79.41, EURO ＝ ¥100.54, Can$ ＝ ¥79.13, A$ ＝ ¥81.30, THB ＝ ¥2.57, NT$ ＝ ¥2.67, RMB ＝ ¥12.63, WON ＝ ¥0.07 Tsubakimoto Chain Co. FYE 2013 Interim Settlement of 2013 年 3 月期 第 2 四半期決算説明会 Accounts Presentation Meeting
Recommend
More recommend
