1st half results of fy2010, ended march 2011 · 4 Ⅰ. 1st half results for the year ended march...

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1st Half Results of FY2010,ended March 2011

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Ⅰ．1st half results for the year ended March 2011Ⅱ. Approach to markets that draw attention

1. Network-related market2. GPS-related market3. Energy-related market4. Sensor-related market

Ⅲ. Forecast toward the full year ended March 2011

Contents

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Ⅰ. 1st half results for the year ended March 2011

1. Net sales was ¥28.2billion for the 1st half of FY2010(rise of 9.7% on a year-to-year comparison )

2. Profits for 1st half of FY2009 included reduction of unrealized loss of 3.1 billion yen incurred by inventory evaluation. Therefore, if this special factor was excluded the 1st half of of FY2010 would havewould have marked increases both in sales and profit.

Financial statements are prepared in accordance with IFRSs from the year ended March 2010（NDK is the first company in Japan to apply IFRSs voluntarily）

(Million yen)*1H of FY2009 1H of FY2010 1H of FY2010(30 Sept. 2009) (30 Sept. 2010) (30 Sept. 2010)

actual actual announcedforecast

Net sales 25,758 28,247 27,000Operating income 3,057 1,482 1,500Income before taxes 3,508 1,301 1,350Net income 3,539 1,316 1,250Total comprehensive income 2,872 314 -* Include 3 .1billion yen reduction of unrealized loss incurred by inventoryevaluation as of Sep 2009.

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Ⅰ. 1st half results for the year ended March 2011

Net sales of main applications of 1st half FY2010 increased compared to 2nd half FY2009.

■Sales trend of main applications

0

4,000

8,000

12,000

FY20081H

FY20082H

FY20091H

FY20092H

FY20101H

(Million yen)

MobileCommunications

Audio Visual/OfficeAutomation

Fixed RadioCommunications

AutomotiveElectronics

Others

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Contents

66

Ⅱ. 1. Approach to markets that draw attention

- Network-related market

7

147204

285

382

499

639

0

100

200

300

400

500

600

700

2009 2010 2011 2012 2013 2014

単位：exa bytes

Mobile Data

Managed IP

Internet

Total

7

Forecast of network traffic volume

Source : Cisco* “exa” is quintillion or 10^18.

Ⅱ. 1. Approach to markets- Network-related market

●Network traffic volume will increase.⇒ Higher speed and capacity will be required with

telecommunications peripheral devices and the volume of the devices will increase as well.

Traffic will increase by 4.3 times from 2009

Unit : *exa bytes

8

Wired WirelessBroadcasting

equipment

Microwave communication

Zigbee

Bluetooth

WiFi

Mobile phone base station

FWA*

Mobile phone

SmartphoneEntry model

Femtocellbase station

The requirement of function (specs) and volumes in network equipment varies depending on each level of both wired and wireless network.

Core

Terminal

Access

Submarine cable system

WDMSONET/SDH

PLC

ONU

STB

Routers

Ethernet equipment Relaying

apparatus

Broadband router

*FWA: fixed wireless access with subscribers


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Bluetooth

Core

Terminal

Access

ZigbeeWiFi

FWA

Mobile phone

SmartphoneEntry model

FemtocellBase Station

WDMSONET/SDH

PLC

ONU

STB

Routers

Relaying apparatus

Broadband router

Volume zone

Ethernet equipment

Highly-accurate devices marketsSubmarine

cable system Microwave

communicationBroadcasting

equipmentMobile phone base station

Volume zone is expanding

Highly accurate OCXOs and VCXOs are used in the core system, VCXOs and TCXOs are used in the access system, and devices such as low-priced oscillators, TCXOs and clock oscillators are used in the volume zone.


1010

Volume zone

The number of terminals on the network will increase ↓

Need to prepare for commodity products that could be sufficiently delivered with reasonable performance and price.

Highly-accurate devices markets

An increase in the communication traffic requires a large increase in speed and capacity

↓High accuracy and high frequency

crystal devices are required


111111

Synthesizer for digital terrestrial broadcasting(home and abroad)

Synthesizer for microwave relay stations ( to 15GHz: public telecommunication, etc.)

Digitalization and a large increase in speed and capacity in each frequency bands is in progresss is in progress

Signaling equipment for evaluation or clock

(10MHz～3GHz)

Resolved highly challenged spec, such as low phase noise , by digital circuit technology

Met the highly-accurate needs for the large-volume digital broadcasting

Realized low phase noise at challenging GHz band

Met the highly-accurate evaluation needs by creating signal of low phase noise

A new field developed by the crystal technology & the digital technology


1212


- GPS-related market

1313

Car navigation system

PND

DSC

Note PC

Surveying instrument

Smartphone

Automobile

Mobile communication

Industrial applications

Audiovisual / Office Automation

Applications used outdoor

Ⅱ. 2. Approach to markets - GPS-related market

GPS spreads in

various use

GPS spreads in various equipments such as mobile phones, car navigation system, cameras and note PC. GPS is also used in various way such as charging in accordance to distance , reporting location atat emergency, and automated driving of of construction and surveying vehicle.

High precisionTCXO usedfor GPS

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66 64 7181

96

121

152

0

50

100

150

200

2008 2009 2010 2011 2012 2013 2014

単位：百万台others

DVC

その他車載

HandyGPS

PMP

ﾃﾞｼﾞｶﾒ

ﾎﾟｰﾀﾌﾞﾙｹﾞｰﾑ

ｶｰﾅﾋﾞ

ﾃﾚﾏﾃｨｸｽ

PC(ﾉｰﾄ/ﾀﾌﾞﾚｯﾄ)

PND

260311

398484

587

712

852

194247

327403

490591

700

6664

71

81

96

121

152

0

200

400

600

800

1,000

2008 2009 2010 2011 2012 2013 2014

単位：百万台

その他

携帯電話

Number of GPS equipped by set devices

Source :TSR

Although GPS is mostly used for the mobile phone, its usage extends to various applications, such as PND and Note PC

* DVC ：Digital Video Camera** PMP：Portable Multimedia Player***PND ：Personal Navigation Device

Car navigation system

Telematics

Portable game

DSC

Ⅱ. 2. Approach to markets - GPS-related market

Mil units Mil units

<Products otherthan mobile phones>

Other automotive devices

Note PC & Tablet PC

Mobile phones

Others

< The entire GPS market >

1515


- Energy-related market

1616

Ⅱ. 3. Approach to markets - Energy-related market

Central Power Station- hydraulic power, thermal power, nuclear…

Supply-demand stability control /power outage monitoring(power company)

Large renewable power sources- Sunlight, heat energy, wind power…

BatteriesSmart building

Smart home

Smart electrical appliances

Smart meter

HV/PHEV/EV

In the energy-related markets, the communication of the energy control and information are integrated in the network where the equipments and the technologies realizes the reduction, creation and efficiency use of energy consumption.

Water Water metermeter

Waste Waste disposaldisposal

CogenerationCogeneration

flow of electricity

flow of information“New world” created by smart grid

Infrastructure

Services

PLCZigbee

BluetoothWiFi

Building control

equipment

MetersNetwork devices

Batterycontrol

Equipment to use crystal devices

Hybrid CarElectric car

1717

Crystal devices for Communication between meters and interior equipment (volume zone)

Crystal devices for meter function(volume zone)

Automotive crystal devices(highly-reliable products)

Highly-accurate crystal devices for core network equipment

Crystal devices for energy control equipment in buildings, plants, etc.(highly-reliable products)

Crystal devices for battery control equipment(highly-reliable products for outdoor use )

Crystal devices used in various equipment


PLCZigbee

BluetoothWiFi

Building control

equipment

MetersNetwork devices

Batterycontrol

Equipment to use crystal devices

Hybrid CarElectric Car

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0.9 1.3

5.8

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

2009 2010 ～ 2014

単位：兆円

Smart grid - related market

Source: Fuji Keizai

4.5 times larger compared to 2010 level

Trillion yen


1919


- Sensor-related market

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Ⅱ. 4. Approach to markets - Sensor-related market

NDK contributes to NDK contributes to medical caremedical care, healthcare and , healthcare and biotechnology fields with hbiotechnology fields with highigh--accuracyaccuracy sensor sensor technology . technology .

UUltrasonic sensorltrasonic sensorss

Continuing Continuing growth is growth is expected expected

NAPiCOSNAPiCOS

In addition to In addition to network and network and consumer consumer

applicationsapplications

33DD probeprobe（（for the for the abdomenabdomen))

3D linear 3D linear probe probe

highhigh--sensitive measuring sensitive measuring equipment of equipment of intermolecular intermolecular

interactioninteraction

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◆◆UUltrasonic sensorltrasonic sensorss

Enables realEnables real--time & 3D time & 3D display of the diseased area display of the diseased area and enhances accurate and enhances accurate diagnostic imaging diagnostic imaging

Parallel Parallel scanscan enhances enhances lateral resolution of lateral resolution of diagnostic imagingdiagnostic imaging

Possible to Possible to diagnosis diagnosis of of mammary glandmammary gland, muscles, , muscles, tendon, blood vessels, etc. and to measurement of tendon, blood vessels, etc. and to measurement of subcutaneous fat and muscle masssubcutaneous fat and muscle mass

33DD probeprobe（（for the for the abdomenabdomen))

3D linear probe 3D linear probe

Ⅱ. 4. Approach to markets – Ultrasonic sensors

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”NAPiCOS Auto” are sold to universities, institutes, and fields of material and clinical system, etc.

19mm

◆Character- Immune reaction is automatically

measured by easy pipetting operation！

( auto type)- Micro scale sample can be measured with

the newly developed micro fluid chip！（5μL：1/10 of our conventional product）( auto type)

- Short time measurement（minimum 15 min： 1/5 of competitors’conventional products）

- Application not only to liquid phase but also to gas phase( manual type)

NAPiCOS Auto 20A （Auto type）

Newly developed！Micro fluid chip

NAPiCOS 10A （Manual type）

Ⅱ. 4. Approach to markets – Biosensors

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Contents

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Reduce influence of exchange fluctuations by increasing overseas production ratio

SuzhouFactory

MalaysiaFactory


Expected exchange rate for the 2nd half of FY2010 (US$)：¥80(FY2010 1st half result average ： ¥88.85)

Overseas Overseas production ratioproduction ratio

FY2009FY2009Full year Full year

29%29%

FY2010FY201011stst half half

34%34%

Influence on net sales (2nd half of FY2010)¥1 fluctuation⇒ approx.¥100 mil

Influence on operating profit (2nd half of FY2010)¥1 fluctuation⇒ approx.¥25 mil

Japan

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11,768

137

5,1006,371

4,008 3,871 3,400

▲ 5,397

1,700

-6,000

-3,000

0

3,000

6,000

9,000

12,000

March 2009actual

March 2010actual

March 2011forecast

Operating cash ① Investing cash ② Free cash flow ①-②

¥¥33..44 billion billion ccapital

investment expected as

planned

¥¥2.2.2 2 billionbillionexpected to be allocated to R&D as

planned

(Million yen)

2,241 2,2252,531

4.0%4.3%4.3%

0

500

1,000

1,500

2,000

2,500

3,000

March 2009actual

March 2010actual

March 2011forecast

0%

1%

2%

3%

4%

5%

6%R&D expenses R&D expenses ratio against sales(Million yen)


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(Million yen) March 2009actual

March 2010*actual

March 2011forecast

Net sales 59,429 52,590 55,000Operating income/(loss) ▲ 25,380 3,979 3,500Income before taxes ▲ 24,358 4,303 3,200Net income/(loss) ▲ 28,731 4,337 3,000Operating income ratio ▲ 42.7% 7.6% 6.4%

Global environmental changes

IFRS IFRS IFRS

Accumulate sufficient Accumulate sufficient strengthstrength ( through

securing income target )

Accumulate sufficient Accumulate sufficient technology (crystal + technology (crystal + digital technology )digital technology )

Meet diversifying needs with our technical capacityMeet diversifying needs with our technical capacity

* Include 3.1 billion yen reduction of unrealized loss incurred by inventory evaluation as of March 2010.


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Thank you for your attention.Thank you for your attention.We are grateful for your continuous support.We are grateful for your continuous support.

【Note】Statements made in this presentation with respect to our current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about our future performance. These statements are based on management’s assumptions and beliefs in light of information currently available to it. We caution that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. You also should not rely on the belief that it is our obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Risks and uncertainties that might affect us include, but are not limited to; fluctuation of currency exchange rates, overall supply and customer demand in the industry, product development and production capacities, performance of affiliated companies, and other risks and uncertainties.

1st half results of fy2010, ended march 2011 · 4 Ⅰ. 1st half results for the year ended march...

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