consolidated financial results for the year ended march 31 ... · © 2013 cybernet systems co.,ltd....

Consolidated Financial Results for the Year Ended March 31, 2013

© 2013 CYBERNET SYSTEMS CO.,LTD. All Rights Reserved.2

Contents• Overview of Consolidated Financial Results for the Year

Ended March 31, 2013

• Mid-term business plan and Projection for FY2013

• Reference


FY2012 CYBERNET Group

Consolidated companies– CYBERNET SYSTEMS CO., LTD

(From April 1, 2012 to March 31,2013）

– WATERLOO MAPLE INC. (From January 1,2012 to December 31, 2012)

– Noesis Solutions NV .(From January 1,2012 to December 31, 2012)

– CYBERNET CAE SYSTEMS (Shanghai) CO.,LTD. (From January 1,2012 to December 31, 2012)

– Sigmetrix, L.L.C. (From January 1,2012 to December 31, 2012)


［Consolidated］Performance Summary

98.8%385126.7%2.8％3802.2%300Net income

97.5%750104.6%5.4％7315.1%698Ordinary income

79.7%69787.9%4.1％5554.6%631Operating income

102.0%5,63499.7%42.3％5,74342.3%5,762Gross profit

97.0%14,00099.7%―13,575―13,613Net sales

Difference from PlanEstimatesY-o-YRatioAmountRatioAmount

FY2012FY2011

Millions of Yen

Business SummarySales had steady growth due mainly to keep high renewal sales rate for the mainstream CAE software and order receipt of large-scale projects from focused customers and from new segment activities.Since budget execution by Electrical Industry - one of our principal customer segment - has been frozen or postponed, it resulted receipt of forecasted new orders were fell short than expectation levelDeclining of “Operating income” , “Ordinary income” and “Net income” compare with the same period of the previous was due mainly for the following reason;

Under the circumstances, the impact of “The Great East Japan Earthquake” given to our business performance, our budget execution was in a careful manner in FY2011 thus significant expenditure reduction was carried out, however it was resumed to normal business operation in FY2012.Pursuing “the new midterm business plan for the period between fiscal 2012 and 2014” has increased expenses in the current fiscal year. * Please refer to Page# 12 for summary by application area.


698

FY2011 Ordinary income

731

＋38

(57)

(57)

Millions of Yen


［Consolidated］Increase and Decrease in Ordinary Income Changes

Improvem

ent of Cost rate

Increase of cost of sales for service

Increase of the others of selling and general

administrative

expense

＋83

＋26N

on-operating income and

expenseForeign exchange gains


［Consolidated］Cost of sales for service

Cybernet +120.1%369.3%+12174Inventory at beginning of period

Research and Development expense（62）Sales support activities （32）－－(87)(439)(352)Transfer to other account

19.1%104.8%+1182,5982,479Total

Cybernet +13－－+13(4)(17)Inventory at end of period

0.0％146.9％＋132Materials cost

0.7%68.1%(44)94138Outsourcing fees

16.0%102.7%+572,1722,114Cost of sales for service

0.4%113.4%+54843Others

0.2%92.3%(2)2830Commission

Cybernet +460.7%213.5%+519645Outsourcing

0.3%111.8%+44036Depreciation

Cybernet +350.4%306.9%+365317Maintenance

1.6%101.4%+ 3221218Rents

0.1%134.2%+31511Office Supplies

0.8%114.1%+1310794Traveling and Transportation

0.2%119.2%+42521Communication

Cybernet (19) Subsidiaries +6213.7%102.3%+411,8621,820Labor cost

DetailsRatioY-o-YDifferenceFY2012FY2011

Millions of yen


［Consolidated］ Selling and general administrative expenses

38.2%101.1%+575,1885,130Total

Research study expenses + 73Sales support activities + 324.4%123.3%+112594482Others

1.5%94.2%(12)198210Commission

Cybernet+ 391.5%124.9%+39198158Outsourcing

1.8%100.2%+0243242Advertising

Foreign Exchange Fluctuations (11)2.1%95.0%(14)283298Amortization of goodwill

Depreciation of Distribution rights (155)0.7%34.7%(174)92267Depreciation

0.4%95.0%(3)5962Maintenance

2.5%99.3%(2)334336Rents

0.1%87.2%(1)1011Education and Training

0.2%162.5%+92314Recruiting

0.2%58.7%(18)2645Office Supplies

1.6%111.0%+21219197Traveling and Transportation

1.2%104.4%+6163156Communication

Cybernet + 5620.2%103.6%+952,7402,644Personal

DetailsRatioY-o-YDifferenceFY2012FY2011

Millions of yen


FY 2010 FY 2011 FY 2012Millions of yen

［Consolidated］Quarterly net sales

3,6362,965 2,633

3,784 3,8633,192

2,717

3,840 4,141

3,041 2,7763,615

0

1,000

2,000

3,000

4,000

5,000

1Q(4-6)

2Q(7-9)

3Q(10-12)

4Q(1-3)

1Q(4-6)

2Q(7-9)

3Q(10-12)

4Q(1-3)

1Q(4-6)

2Q(7-9)

3Q(10-12)

4Q(1-3)


［Consolidated］Cost of sales per net sales and Selling, general and administrative expenses per net sales (cumulative)

57.3% 57.0% 57.8% 57.7% 59.2% 58.0% 58.3% 57.7%

31.8%34.3%

37.9% 37.7%32.1%

36.7%39.6% 38.2%

0%

10%

20%

30%

40%

50%

60%

70%

FY20111Q

FY20112Q

FY20113Q

FY20114Q

FY20121Q

FY20122Q

FY20123Q

FY20124Q

Cost of net sales per net Selling, general and administrative expenses per net revenues



151.6%12978.0%4.7％1966.5%251Net income

156.6%24086.9%9.1％37511.2%432Ordinary income


111.7%1,511102.4%40.8％1,68842.7%1,648Gross profit

105.6%3,924107.2%―4,141―3,863Net sales


FY2012 1Q(4-6)FY2011 1Q(4-6)

Millions of Yen

―22――(2)2.3%72Net income

81.0%4521.8%1.2％365.2%166Ordinary income


107.7%1,23295.9%43.6％1,32643.3%1,383Gross profit

95.8%3,17695.3%―3,041―3,192Net sales


FY2012 2Q(7-9)FY2011 2Q(7-9)

Millions of Yen

FY2012(4-6)

FY2012(7-9)



―(64)――(102)―(147)Net income

―(89)――(109)―(163)Ordinary income

―(103)――(176)―(201)Operating income

100.5%1,128104.0%40.8％1,13340.1%1,089Gross profit

95.1%2,920102.2%―2,776―2,717Net sales


FY2012 3Q(10-12)FY2011 3Q(10-12)

Millions of YenFY2012(10-12)

97.2%297234.5%8.0％2893.2%123Net income

77.2%554163.1%11.8％4286.8%262Ordinary income


90.5%1,76297.2%44.1％1,59542.7%1,641Gross profit

90.8%3,97994.1%―3,615―3,840Net sales


FY2012 4Q(1-3)FY2011 4Q(1-3)

Millions of YenFY2012(1-3)


Summary by application areaCAE Solution Services

MechanicalSales of new licenses slowed overall.Renewal sales and engineering services continued to perform strong.

Optical/illuminationSales of new licenses for illumination design and analysis software were sluggish but renewal sales were steady.Both sales of new licenses and renewal sales for optical design and analysis software were strong.

EDA Sales of new licenses and renewal sales for our focus product EDA software were generally strong.System LSI upstream process design and validation software was sluggish due to the impact of budget cuts by existing customers.

Numerical and control

Sales of new licenses and engineering services for our multidomain physical modeling environment were very strong.Sales of new licenses for our formula processing and formula model design environment were sluggish.

New products and others

Sales of new licenses and renewal sales for our focus product lineup increased significantly.New license sales for group company products were sluggish.

VisualizationDemand for analysis data visibility among urban environment, civil engineering, and climate segments increased and performance was steady.The medical segment was sluggish due to a reevaluation of medical imaging software sold.

Overseas businessWe established group company sales subsidiaries in Korea and North America with a goal of expanding sales of group company products.Our Chinese subsidiary established an office in Beijing with the purpose of strengthening sales.

IT Solution Services

Security software, full-disk encryption software, and professional services including design and operational support were generally strong due to demand for replacement PCs and increased risk of information leaks.Large-scale bids on security threat protection solutions for major corporations and PC scan engine/remote control solutions for major IT device manufacturers were performing strongly.

CAE Solution Services

MechanicalSales of new licenses slowed overall.Renewal sales and engineering services continued to perform strong.

Optical/illuminationSales of new licenses for illumination design and analysis software were sluggish but renewal sales were steady.Both sales of new licenses and renewal sales for optical design and analysis software were strong.

EDA Sales of new licenses and renewal sales for our focus product EDA software were generally strong.System LSI upstream process design and validation software was sluggish due to the impact of budget cuts by existing customers.

Numerical and control

Sales of new licenses and engineering services for our multidomain physical modeling environment were very strong.Sales of new licenses for our formula processing and formula model design environment were sluggish.

New products and others

Sales of new licenses and renewal sales for our focus product lineup increased significantly.New license sales for group company products were sluggish.

VisualizationDemand for analysis data visibility among urban environment, civil engineering, and climate segments increased and performance was steady.The medical segment was sluggish due to a reevaluation of medical imaging software sold.

Overseas businessWe established group company sales subsidiaries in Korea and North America with a goal of expanding sales of group company products.Our Chinese subsidiary established an office in Beijing with the purpose of strengthening sales.

IT Solution Services

Security software, full-disk encryption software, and professional services including design and operational support were generally strong due to demand for replacement PCs and increased risk of information leaks.Large-scale bids on security threat protection solutions for major corporations and PC scan engine/remote control solutions for major IT device manufacturers were performing strongly.


Elimination

AmountComposition

ratioRatio Amount

Compositionratio

Ratio Amount Amount Ratio

Net sales 11,967 87.9% ― 1,645 12.1% ― 0 13,613 ―Operatingexpenses 10,082 ― 84.2% 1,544 ― 93.9% 1,354 12,981 95.4%Operatingincome 1,885 ― 15.8% 101 ― 6.1% (1,354) 631 4.6%

CAE Soluti on Serv ices IT Soluti on Serv ices Consolidated

Elimination

AmountComposition

ratioRatio Amount

Compositionratio

Ratio Amount Amount Ratio

Net sales 11,770 86.7% ― 1,804 13.3% ― ― 13,575 ―Operatingexpenses 10,071 ― 85.6% 1,588 ― 88.0% 1,359 13,019 95.9%Operatingincome 1,699 ― 14.4% 216 ― 12.0% (1,359) 555 4.1%

CAE Solution Services IT Solution Services Consolidated

［Consolidated］Business Segment Information

FY2011 Millions of yen

FY2012 Millions of yen

１．CAE solution services (Y-o-Y Net Sales 1.6% decrease)(Y-o-Y Operating income 9.9% decrease)

２．IT Solution services (Y-o-Y Net Sales 9.6% increase）(Y-o-Y Operating income 113.7% increase）


45.0% 42.0% 39.3%31.7%

45.2% 40.3% 38.6%31.3%

26.3%18.8%

15.2% 23.8%

25.0%

17.2% 16.9% 28.4%

8.6%

11.9%12.6% 9.0%

8.0%

11.3% 12.0% 8.6%

3.8% 6.3%5.2%

5.6% 5.8% 3.9% 5.5% 4.7%3.7% 8.9% 5.6% 5.5% 5.8%

12.3% 11.1%19.2% 13.9% 13.4% 17.2% 17.2% 14.9%

1.9%

4.3%4.4% 6.9%

2.1%

4.5%

4.3%3.4%2.5% 2.0%7.2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q( 4- 6)

2Q( 7- 9)

3Q(10-12)

4Q( 1- 3)

1Q( 4- 6)

2Q( 7- 9)

3Q(10-12)

4Q( 1- 3)

Mechanical system Optical system EDA Numerical and control New Products and others Visualization IT solution

［Non-consolidated］Net Sales by Business Line

FY2011 FY2012

* Effective from this term, we made “ Visualization” independent from “Mechanical system” category and also moved some of “Mechanical system” to “Others” category and reflected it in this report.


45.0% 43.7% 42.5% 39.5% 45.2% 43.2% 42.0% 39.2%

26.3% 23.1% 20.9% 21.8%25.0%

21.9% 20.5% 22.5%

8.6%10.0% 10.7% 10.2%

8.0%9.3% 10.1% 9.7%

2.7%4.2%

4.2% 4.6% 4.9% 4.1% 4.5% 4.6%4.3% 5.6% 3.5% 4.0% 4.5%

12.3% 11.8% 13.8% 13.8% 13.4% 14.9% 15.5% 15.3%

1.9%3.4%3.2% 4.2%

2.1% 3.1%4.3%3.4%2.5% 2.0%4.5%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q( 4- 6)

2Q( 4- 9)

3Q（4-12）

4Q（4-3）

1Q( 4- 6)

2Q( 4- 9)

3Q（4-12）

4Q（4-3）

Mechanical system Optical system EDA Numerical and control New products and others Visualization IT solution

FY2011 FY2012

［Non-consolidated］(Cumulative) Net Sales by Business Line

* Effective from this term, we made “ Visualization” independent from “Mechanical system” category and also moved some of “Mechanical system” to “Others” category and reflected it in this report.


［Non-consolidated］Net Sales by Category of Industry

FY 2011 FY 2012

38.4% 33.8% 28.4% 27.6%36.7% 33.1% 27.9% 28.3%

20.1%19.3%

20.3% 17.5%

20.3%19.7%

20.9% 20.2%

7.9%8.2%

8.1% 11.7%

7.4% 9.5%9.1% 9.3%

8.5%10.6%

7.5% 12.9%11.2% 8.7% 10.5% 13.8%

11.3% 11.2%17.5% 13.7%

10.4%11.8% 13.4% 12.1%

16.3%18.2%17.2%14.0%16.6%18.2%16.9%13.8%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q(4-6)

2Q(7-9)

3Q(10-12)

4Q(1-3)

1Q(4-6)

2Q(7-9)

3Q(10-12)

4Q(1-3)

Electrical equipment Machinery & Precision machinery

Transportation equipment Education & Research institution Telecommunication industry Others


［Non-consolidated］(Cumulative) Net Sales by Category of Industry

FY 2011 FY 2012

38.4% 36.4% 34.2% 32.3% 36.7% 35.3% 33.2% 31.9%

20.1% 19.7% 19.9% 19.2%20.3% 20.0% 20.3% 20.3%

7.9% 8.1% 8.1% 9.1%7.4% 8.2% 8.5% 8.7%

8.5% 9.4% 8.9% 10.0%11.2% 10.2% 10.3% 11.2%

11.3% 11.3% 12.9% 13.2% 10.4% 11.0% 11.6% 11.7%

16.2%16.1%15.3%14.0%16.2%16.0%15.1%13.8%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q(4-6)

2Q(4-9)

3Q(4-12)

4Q(4-3)

1Q(4-6)

2Q(4-9)

3Q(4-12)

4Q(4-3)

Electrical equipment Machinery & Precision machinery

Transportation equipment Education & Research institution Telecommunication industry Others


28.3%

47.0%40.1%

49.9%

29.9%44.3% 42.9% 42.9%

71.7%

53.0% 59.9%50.1%

70.1%55.7% 57.1% 57.1%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Ｑ( 4- 6)

2Ｑ( 7- 9)

3Ｑ(10-12)

4Ｑ( 1- 3)

1Ｑ( 4- 6)

2Ｑ( 7- 9)

3Ｑ(10-12)

4Ｑ( 1- 3)

New contract Renewal

FY 2011 FY 2012

［Consolidated］Net Sales by ContractEffective from this term, we included part of new/renewal hardware sales in this figure.


28.3%36.1% 37.2% 40.5%

29.9% 35.6% 37.5% 38.8%

71.7%63.9% 62.8% 59.5%

70.1% 64.4% 62.5% 61.2%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Ｑ( 4- 6)

2Ｑ( 4- 9)

3Ｑ(4-12)

4Ｑ( 4- 3)

1Ｑ( 4- 6)

2Ｑ( 4- 9)

3Ｑ(4-12)

4Ｑ( 4- 3)

New contract Renewal

FY 2011 FY 2012

［Consolidated］(Cumulative) Net Sales by Contract

Effective from this term, we included part of new/renewal hardware sales in this figure.


Millions of yen

［Consolidated］Balance SheetsSources of ChangesFY2012 <Total current assets 17,504 +287 >

<Comparison for the last fiscal year>

Current assetsCash and deposits + 240Short-Term investment +2,902securitiesShort-Term Financing (998)（FSI Group CMS）

Fixed assetsGoodwill +101Investments securities (1,897)

Current liabilitiesAccounts payable-trade (111)Income tax payable (377)Advances received +268

Long-term liabilitiesReserve for retirement benefits + 63

Net assetsRetained earnings + 56Accumulated other comprehensive income +541

Current assets

12,758+2,149

Fixed assets

4,745（1,862）

Net assets

13,292+598

Current liabilities3,486(378)

Long-term liabilities724 ＋67


1,464401

(1,854)

1,665

2,795

985

(324)(182)

(2,000)

(1,000)

0

1,000

2,000

3,000

FY2011 　　　 FY2012

Millions of yenOperating activities Investing activities Financing activities Cash and cash equivalent

［Consolidated］Statements of Cash Flows

Net cash provided by operating activities Net cash provided by investing activitiesIncome before taxes ＋750 Proceeds from withdrawal of time deposits ＋100Depreciation ＋162 Purchase of shor-term investment securities (2,085)Amortization of goodwill ＋283 Investment securities ＋2,114Notes and accountｓ receivable ＋280 Loans receivable ＋998Notes and accountｓ payable (135)Accrued expenses (97) Net cash provided by financing activitiesProvision for bonuses (81) Payment for dividends (324)Provision for retirement benefits ＋63Income taxes paid (748)

[FCF 1,411] [FCF 332]


Transition of the number of employees

358 357 356 357 365 364 366 364

164 164 164 165 175 174 177 176

0

100

200

300

400

500

600

FY2011 1Q FY2011 2Q FY2011 3Q FY2011 4Q FY2012 1Q FY2012 2Q FY2012 3Q FY2012 4Q

Non-consolidated Consolidated

522 521 520

number

522 540 538 543 540


85.2%－－70.5%Payout ratio

2.5%－－1.7%Ratio of total amount of dividends to net assets

963.95680

Annualdividends

FY2011 FY2012

1,220.98－－Net income per share

1,040520520 Dividend per share

Annualdividends

Year-enddividends

Interimdividends

Yen

Dividends for FY2012

[Reference]Number of shares outstanding at end of period (including treasury stock) : 324,000Number of treasury stock at end of period : 12,417


Mid-term business plan and Projection for FY2013


Fiscal Year Ending December 31, 2013

Cybernet Systems plans to change its fiscal year end from March Cybernet Systems plans to change its fiscal year end from March 31 to 31 to December 31, provided an associated amendment to the Articles ofDecember 31, provided an associated amendment to the Articles ofIncorporation is approved at the General Meeting of ShareholdersIncorporation is approved at the General Meeting of Shareholders to be to be held on June 21, 2013. If the fiscal year end changes, in the fiheld on June 21, 2013. If the fiscal year end changes, in the fiscal year scal year ending December 31 2013, the consolidated results will include tending December 31 2013, the consolidated results will include the he results for nine months from April 1 to December 31, 2013 of theresults for nine months from April 1 to December 31, 2013 of theCompany. Company. The results for twelve months, from January 1 to December 31, 20The results for twelve months, from January 1 to December 31, 2013, of 13, of consolidated subsidiaries will be also included as beforeconsolidated subsidiaries will be also included as before


Fiscal Year Ending December 31, 2013

From January 1,2013to December 31, 2013

From January 1,2013 to June 30, 2013

WATERLOO MAPLE INC. (Canada)Noesis Solutions NV .(Belgium)CYBERNET SYSTEMS (Shanghai) CO.,LTD. (China)Sigmetrix, L.L.C. (U.S.A)

From April 1, 2013 to December 31,2013

From April 1, 2013 to September 30,2013

CYBERNET SYSTEMS CO., LTD (Japan)

Full YearFirst Half-YearFiscal Year Ending December 31, 2013

CYBERNET’S Group


Mid-term business plan

Management Strategy

１．Developing and providing unique solutions with new value２．Creating and expanding markets for system-level simulation (1D simulation) (※１)３．Understanding various needs and improving support by creation of deep

communication opportunity with the customer４．Accelerating global development for group products and solutions

① Promotion of Multi-domain (complex and integrated solution extends over various domain)solution (※２)

② Accelerate penetration of MapleSim into global market③ Sales expansion strategy for automotive industry④ Go into Korean market, Enhance NA and Europe sales network

Priority measures

Corporate visionCorporate vision：：First Contact Company First Contact Company --Be a company which customer and partner will inquire firstBe a company which customer and partner will inquire first--

※１Systeml-level(1D)・Simulation (Page #28) ※２Multi-domain solution (Page #29)

（FY2012 ～FY2014）


What is System-level(1D) simulation(Priority Measures ①）

３Ｄ simulation１Ｄ simulation

Scope of analysis object1Ｄ３Ｄ３ＤAnalysis time

LowHigh

SlowFast

Abstraction level of analysis object

NarrowWide


What is “Multi-Domain Solution”(Priority Measures ②）

Analysis example：Evaluate influences by heat in lens

Primary designLens configuration,

setting data

Secondary designEvaluate efficiency and re-set

variance

Heat Transfer AnalysisCheck influence by heat

OpticalOptical MechanicalMechanical OpticalOptical

Analysis process integration・Total optimization


[Consolidated] FY2013 Forecast

(1) FY2013 Exchange rate for beginning of term result forecast is JPY92.0/USD.(2) The percentage changes after adjustment are changes from the results of Cybernet Group for the

fiscal year ended March 31, calculated by converting the accounting period in accordance with the period of the results forecast for the next fiscal year.

(3) FY2013 currency hedge status: 21.2% of product cost that is in foreign currency are reservedapproximately JPY80/USD average.

Result forecast

Millions of yenFull year

FY2012 FY2013F FY2012 FY2013FDifference Difference

Net sales 7,183 7,489 104.3% 13,575 11,330 7.6%Gross profit 3,015 3,185 105.7% 5,743 4,887 9.5%

Ratio 42.0% 42.5% ＋ 0.6P 42.3% 43.1% ＋ 0.7POperating income 381 423 110.9% 555 447 86.2%

Ratio 5.3% 5.6% ＋ 0.3P 4.1% 3.9% ＋ 1.7POrdinary income 412 421 102.1% 731 441 25.3%

Ratio 5.7% 5.6% ( 0.1P) 5.4% 3.9% ＋ 0.5PNet income 194 225 116.3% 380 236 46.8%

Ratio 2.7% 3.0% ＋ 0.3P 2.8% 2.1% ＋ 0.6P

Adjustment

First Half-yearY-o-Y


[Non-consolidated] FY2013 Forecast

(1) FY2013 Exchange rate for beginning of term result forecast is JPY92.0/USD.(2) The percentage changes after adjustment are changes from the results of Cybernet Group for the

fiscal year ended March 31, calculated by converting the accounting period in accordance with the period of the results forecast for the next fiscal year.

(3) FY2013 currency hedge status: 21.2% of product cost that is in foreign currency are reservedapproximatelyJPY80/USD average.

Result forecast

Millions of yenFull year

FY2012 FY2013F FY2012 FY2013FDifference Difference

Net sales 6,315 6,606 104.6% 11,746 9,298 6.8%Gross profit 2,606 2,718 104.3% 4,785 3,757 7.2%

Ratio 41.3% 41.1% ( 0.1P) 40.7% 40.4% ＋ 0.1POperating income 628 633 100.7% 934 644 17.5%

Ratio 10.0% 9.6% ( 0.4P) 8.0% 6.9% ＋ 0.6POrdinary income 642 643 100.1% 1,062 659 7.6%

Ratio 10.2% 9.7% ( 0.4P) 9.0% 7.1% ＋ 0.0PNet income 391 392 100.2% 652 393 8.6%

Ratio 6.2% 5.9% ( 0.3P) 5.6% 4.2% ＋ 0.1P

Adjustment

First Half-yearY-o-Y


85.2%1,220.98

1,040

Annualdividends

FY2012 FY2013(Forecast)

137.0%－－Equity ratio

759.09－－Net income per share

1,040520520 Dividend per share

Annualdividends

Year-enddividends

Interimdividends

Yen

Forecasted Dividends for FY2013

[Reference]Number of shares outstanding at end of period (including treasury stock) : 324,000Number of treasury stock at end of period : 12,417

Reference


Company Name : CYBERNET SYSTEMS CO., LTD. (Stock code: 4312, the First Section of Tokyo Stock Exchange)

Head Office : Fuji Soft Bldg., 3, Kanda Neribei-cho, Chiyoda-ku, Tokyo 101-0022Branch Offices : Nishi-Nihon Branch Office in Osaka and Chubu Branch Office in Nagoya Founding date : April 17, 1985 Capital : 995 million yen (as of March 31, 2013)Number of Employees : Consolidated / 540, Non-Consolidated / 364 (as of March 31, 2013)Subsidiaries & affiliates :

Consolidated / Waterloo Maple Inc.Noesis Solutions NVCYBERNET SYSTEMS (Shanghai) CO., LTD. Sigmetrix, L.L.C.CYBERNET HOLDINGS CANADA, INC. (Special Purpose Company)Cybernet Systems Holdings U.S. Inc. (Special Purpose Company)

Non-Consolidated / CYBERNET SYSTEMS TAIWAN CO., LTD.Cybernet Systems Korea Co., LTD.

Software Vendors : 20 software companies mostly in the US, including ANSYS, Inc. Synopsys, Inc.and Cadence Design Systems, Inc., and so on.

Business : Providing CAE and IT solutions, as well as professional services including consulting

CAE stands for “Computer Aided Engineering”

Corporate Overview


Cybernet Group

Japan

Asia

CAE solutionIT Solution

MarketCooperate in control, IT field

FUJISOFT Group

CAE Solution

CAE Development SubsidiariesSales Subsidiaries

Cybernet Group

Europe and NA

CYBERNET China

CYBERNET Taiwan

Direct sales and sales through WW distributors (partners)

CAE Solution

CYBERNET Korea CAE Solution

Direct sales locations: NA, German, France

Direct sales location: NA

Direct sales locations： Belgium, NA, France


116.5%560111.2%5.6%6524.9%586Net income

113.1%94099.5%9.0%1,0629.0%1,068Ordinary income

99.4%94089.4%8.0%9348.8%1,044Operating income

109.0%4,58997.6%40.7%4,78541.2%4,900Gross profit

96.3%12,20098.7%―11,746―11,904Net sales


FY2012FY2011

Millions of yen

［Non-consolidated］Performance Summary

*The content of “Business Summary” is the same as the “Summary of consolidated Financial Results ” in the page #4.


［Non-Consolidated］Increase and decrease in Operating Income Changes

1,0681,062

(129)

Foreign exchange gains

Decrease of net sales

Non-operating incom

e and expense except foreign exchange gains

Decrease of the others of selling and general

administrative

expense



Millions of Yen

＋14

Improvem

ent of C

ost rate

＋5

＋99

＋5


135.1%23787.3%8.5%32110.5%367Net income

138.3%38393.9%14.1%53016.1%564Ordinary income

135.7%38392.0%13.8%52016.1%565Operating income

114.9%1,337103.0%40.8%1,53742.6%1,492Gross profit

106.5%3,539107.4%―3,768―3,507Net sales


FY2012 1Q(4-6)FY2011 1Q(4-6)

Millions of yen


72.8%9648.1%2.7%695.4%145Net income

70.7%15743.1%4.4%1119.5%259Ordinary income


104.9%1,02092.6%42.0%1,06942.5%1,155Gross profit

92.9%2,74293.7%―2,547―2,718Net sales


FY2012 2Q(7-9)FY2011 2Q(7-9)

Millions of yen

FY2012(4-6)

FY2012(7-9)


―(62)――(28)―(105)Net income

―(70)――(29)―(96)Ordinary income

―(70)――(80)―(108)Operating income

104.5%860103.7%37.7%89937.7%867Gross profit

97.8%2,440103.6%―2,386―2,304Net sales


FY2012 3Q(10-12)FY2011 3Q(10-12)

Millions of yen


FY2012(10-12)

100.6%288162.0%9.5%2905.3%179Net income

96.1%468132.0%14.8%45010.1%341Ordinary income


93.3%1,37192.3%42.0%1,27841.0%1,385Gross profit

87.5%3,47890.2%―3,044―3,374Net sales


FY2012 4Q(1-3)FY2011 4Q(1-3)

Millions of yen

FY2012(1-3)


(Non-Consolidated) Foreign Exchange Fluctuations and Increases/Decreases in Operating Margin

＋ JPY87M※Effect for non-operating income (Foreign exchange gains）

JPY94.01/USDEnd of term rate

■Foreign Currency Transaction Gain and Loss

＋ JPY38M ※Effect for gross profit compared to budget

－ JPY1.49/USDDifference between booking rate and budget rate

JPY84.00/USDBudget rate

JPY82.51/USDAverage actual booking rate

■Foreign Exchange Fluctuations

■ Public Relations DepartmentAddress: Fuji Soft Bldg., 3, Kanda Neribei-cho, Chiyoda-ku, Tokyo 101-0022, JapanTEL.: +81-3-5297-3066FAX.: +81-3-5297-3609E-mail: [email protected]: http://www.cybernet.co.jp

These materials are prepared for the sole purpose of providing information as a reference to investors in making investment decisions, and are not intended as a solicitation for investment. These materials were created from data obtained through our operations. We make no guarantees, however, with respect to integrity. In addition, the opinions and predictions provided in these materials relate to the Company’s outlook at the time the materials were prepared. No guarantees whatsoever extend to any outcomes over the use of such opinions or predictions.The contents of these materials are subject to change without notice. Investors are requested to use their own judgment in making any final decisions regarding investments.

consolidated financial results for the year ended march 31 ... · © 2013 cybernet systems co.,ltd....

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