fy13 2nd quarter financial results - hitachi-hightech.com...oct 25, 2013 · developed and...
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Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
FY13 2nd Quarter Financial Results
President and Chief Executive Officer Masao Hisada Vice President and Executive Officer Shunichi Uno
October 25, 2013
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 2
Contents
Ⅰ Outline of FY13 Q1-Q2
Ⅲ FY13 Outlook
Ⅱ Status Quo of FY13 Management Policy
Ⅳ Financial Data
FY13 2nd Quarter Financial Results
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Ⅰ Outline of FY13 Q1-Q2
3
(Note) YY/M denotes the year and month of the accounting period-end. (e) denotes the forecast for the previous period. (Jul. 2013)
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
2,907
63
66
36
-200
-97
-99
-75
+7
+3
-2
26.10 yen -54.67 yen
10.00 yen ±00.00 yen ±00.00 yen
-1.53 yen
+1
-6%
-61%
-60%
-68%
+0%
+5%
-6%
+2%
+27 -12 +18
4
Outline of FY13 Q1-Q2 (Highlights)
FCF
Sales
Operating Income Ordinary Income
Net Income
Net Income per Share
Cash Dividend per Share
Results
(100 million yen)
Increase/Decrease
YoY
Ratio Increase / Decrease
vs. Previous Forecast
Ratio
(Note)Previous forecast, published July 2013.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 5
Outline of FY13 Q1-Q2 (Explanation of Deviations)
Explanation of deviations vs. previous forecast (July 2013)
Electronic Device Systems:
Decreased 2.2Ybn due to change in delivery time for metrology and inspection equipment.
Fine Technology Systems:
Decreased 4.7Ybn due to lag in recording time for FPD manufacturing equipment.
Science & Medical Systems:
Increased 1.1Ybn due to recovery in clinical analyzers for the overseas market.
Industrial & IT Systems:
Increased 1.6Ybn due to launch of new mobile phone models for the U.S. market.
Sales (290.0Ybn → 290.7Ybn +0.7Ybn)
Operating Income (6.2Ybn → 6.3Ybn +0.1Ybn) Electronic Device Systems:
Increased 0.3Ybn due to accumulation of components and services (process equipment).
Fine Technology Systems:
Decreased 1.4Ybn due to substantially the same reasons as above.
Science & Medical Systems:
Increased 1.2Ybn due to substantially the same reasons as above.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
0
2,000
4,000
12/1H 13/1H(e) 13/1H
6
2,900
518
87
413
1,307
-21%
-45%
+9%
-20%
3,107
74
538
1,198
-6%
652 -5% 700
630
2,907
496
40
429
1,309
662
Outline of FY13 Q1-Q2 (Sales)
Sales
(100 million yen) YoY
Electronic Device Syst. Fine Technology Syst.
Science & Medical Syst.
Industrial & IT Syst.
Advanced Industrial Prod.
Note: Elimination such as subtractions in intersegment transactions, etc., are included in the totals.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 7
160
-28
84
4
-21
49
47
-3
250
-50 12/1H 13/1H(e)
4 9
0
114
13/1H
-35
51
59
-4
11
-61%
-55%
-30%
ー%
+176%
ー% ( -0.7Ybn )
63 62
( -0.8Ybn )
Outline of FY13 Q1-Q2 (Operating Income)
Operating Income
(100 million yen) YoY
Electronic Device Syst.
Fine Technology Syst.
Science & Medical Syst.
Industrial & IT Syst.
Advanced Industrial Prod.
Note: Elimination such as subtractions in intersegment transactions, etc., are included in the totals.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 8
Current Assets 3,392 +86 Current Liabilities 1,457 +84
Cash & Deposits/Deposit to Hitachi Group Cash Management Fund
1,138 -43 Notes & Accounts Payable 905 +61
Notes & Accounts Receivable 1,121 +14 Others 552 +23
Inventories 772 +69 Fixed Liabilities 585 +293
Others 360 +45 Retirement and severance benefits 567 +302
Fixed Assets 1,183 +153 Others 18 -8
Tangible Fixed Assets 738 +74 Net Assets 2,533 -139
Intangible Fixed Assets 133 -6 Shareholder Capital 2,637 -1
Investments & Other Assets 312 +85 Accumulated Other Comprehensive Income (Loss) -110 -139
Minority Interests 6 +2
Total Assets 4,575 +238 Total Liabilities & Shareholders’ Equity 4,575 +238
Outline of FY13 Q1-Q2 (Balance Sheet in Summary)
As of end of September 2013 (100 million yen) vs. 13/3 vs. 13/3
- Shareholders’ Equity per Share 1,837.47yen (vs. 13/3 -102.34yen) - Equity Ratio 55.2%(vs. 13/3 -6.3%)
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Cash Flow from Operating Activities +78 Cash Flow from Financing Activities -22
Income Before Income Taxes and Minority Interests +66 Dividends Paid -14
Depreciation and Amortization +44 Others -8
Working Fund -26 Effect of Exchange Rate Changes +14
Income Taxes Paid -27
Others +22
Cash Flow from Investing Activities -51
Capital Expenditures Proceeded from Sales/Purchase of Securities +1
Capital Expenditures Proceeded from Sales/Purchase of Property and Equipment -84
Others +32
Free Cash Flow +27
13/1H 13/1H
Cash and Cash Equivalents
At the Beginning of Year 1,235
Net Increase (Decrease) +19
At the End of Term 1,254
13/1H
Outline of FY13 Q1-Q2 (Cash Flow Statement in Summary)
(100 million yen)
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Ⅱ Status Quo of FY13 Management Policy
10
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Life Sciences Concluded collaborative technology development agreement with Base4 Innovation Ltd. (U.K.) Commenced joint development of next-gen. nanopore DNA sequencing technology and product development for clinical testing Concluded general sales agency agreement for Japan regarding bacterial genetic testing equipment and reagents of Nanosphere, Inc. (U.S.) Commenced sales for genetic analysis research applications, developed and introduced reagents for in-vitro diagnostics
Nanosphere Inc.’s Verigene System
Social Innovation / Environment and New Energy Launch new businesses in Fine Technology Systems FA equipment, printed electronics, railroad inspection equipment, etc. Promote the Social Innovation Business through ties with the Hitachi Group Expand the sales and procurement business as the Hitachi Group’s trading company
11
1.Strengthen business portfolio by shifting resources to growing fields
Status Quo of FY13 Management Policy ①
Next-generation Electronics Expand business in growth markets Wafer defect inspection system, OLED manufacturing equipment, after-sale service, etc.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
2. Act globally – Expand and accelerate global business by focusing on target region
12
Overseas Bases Established local subsidiary in India (Apr. 2013) Develop business in infrastructure facilities, and automotive and pharmaceutical fields Establish local subsidiary in Russia (Planned for Jan. 2014) Develop business in social infrastructure, automotive, and construction machinery fields
Manufacturing Bases Naka Division completed Logistics & Manufacturing Building (Oct. 2013) Achieve substantially reduced lead time and highly efficient manufacturing
The building where Hitachi High-Technologies India Private Limited’s
office is located
Naka Division Logistics & Manufacturing Building
Augment production facility in Suzhou, China (Planned for Dec. 2013) Increase production of clinical analyzers and expand production items
Status Quo of FY13 Management Policy ②
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3. Create new business by accelerating research and development
13
Science & Medical Systems Analytical instruments business design and domestic sales functions integrated into Hitachi High-Tech Science Corporation (Oct. 2013) Concentrate functions spread throughout the group and integrate the business for greater efficiency and overall optimization Concluded joint technology development agreement with OpGen, Inc. (U.S.) regarding human genome mapping analytical service (Oct. 2013) Establish service businesses that utilize hole genome mapping technologies to evaluate genome sequence correctness
Electronic Device Systems Promote collaboration with customers from the initial development stage by upgrading and expanding engineering sites Process Engineering Center (Oregon, U.S.) Demonstration Laboratory (Texas, U.S.) Process Innovation Center Taiwan (Hsinchu, Taiwan) Process Engineering Center
Status Quo of FY13 Management Policy ③
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Ⅲ FY13 Outlook
14
Note: YY/M denotes the year and month of the accounting period end. (e) denotes the forecast for the previous period. (April 2013) (e1) denotes the forecast for the current period. (October 2013)
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 15
6,400
280
280
197
±0
±0
±0
143.23yen
20.00yen ±00.00yen
±00.00yen
7.7%
+50 +20
±0.0%
±0
±0%
±0%
±0%
±0%
+645
+79
+75
±00.00yen
+54.78yen
-15
+3.0%
+90
+11%
+39%
+62%
+48%
Sales Operating
Income Ordinary Income
Net Income
Net Income per Share
Cash Dividend per Share
ROE
FCF
(100 million yen)
FY13 Outlook Increase/Decrease
YoY
Ratio Increase / Decrease
vs. Previous Forecast
Ratio
Notes ・ Previous forecast is based on published values in April 2013 ・ FX rate estimate: 1USD=95yen, 1EUR=130yen
FY13 Outlook (Highlights)
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 16
Electronic Device Systems:
Increased 3.3Ybn due to increase in shipment of process equipment and metrology and inspection equipment for Asian and U.S. markets
Fine Technology Systems:
Decreased 2.9Ybn due to investment plan changes for FPD manufacturing equipment
Science & Medical Systems:
Increased 4.4Ybn due to recovery in clinical analyzers for the overseas market
Industrial & IT Systems:
Decreased 7.3Ybn due to decrease in demands for industrial assembly systems
Sales (640.0Ybn → 640.0Ybn ±0 Ybn)
Operating Income (28.0Ybn → 28.0Ybn ±0 Ybn) Electronic Device Systems:
Increased 3.5Ybn due to increases in sales and capacity utilization
Fine Technology Systems:
Decreased 5.1Ybn due to decreases in sales and capacity utilization
Science & Medical Systems:
Increased 2.7Ybn due to increase in sales, etc.
FY13 Outlook (Explanation of Deviations)
Explanation of deviations vs. previous forecast (April 2013)
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 17
FY13 Outlook (Sales)
Sales
0
4,000
8,000
13/3 14/3(e) 14/3(e1)
+13%
+45%
+16%
+0%
5,755
143
941
2,364
+11%
+6%
1,329
1,039
6,400
1,175
208
943
2,743
1,408
6,400
1,142
237
1,016
2,749
1,364
(100 million yen)
Note: Elimination such as subtractions in intersegment transactions, etc., are included in the totals.
Electronic Device Syst.
Fine Technology Syst.
Science & Medical Syst.
Industrial & IT Syst.
Advanced Industrial Prod.
YoY
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 18
Operating Income
FY13 Outlook (Operating Income)
-57
137
6
350
-100 13/3
12
0
128
14/3(e)
-47
201
137
21 14
+48%
+57%
±0%
+20%
+228%
ー%
280
190
4
166
110
16 19
280
14/3(e1)
Note: Elimination such as subtractions in intersegment transactions, etc., are included in the totals.
(100 million yen)
(+1.1Ybn )
Electronic Device Syst.
Fine Technology Syst.
Science & Medical Syst.
Industrial & IT Syst.
Advanced Industrial Prod.
YoY
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Business Environment
Semiconductor Devices Market
Semiconductor Manufacturing Equipment Market
19
Assembly Equipment Market
FY13 Outlook (Electronic Device Systems) ①
■ Firm growth in cutting-edge ASSP and NAND supported by strong growth in mobile devices (smartphones and tablets) and SSD (overall semiconductor sales: +5.2% YoY) ■ Slowdown in MPU due to further decline in PCs (3Q -8.6% YoY). DRAM to see sharp rise in average unit price atop production adjustment and shift to low power products for mobile devices. Firm growth in NAND atop increased onboard capacity for smartphones
■ The first half of FY2013 saw aggressive investment in 28nm miniaturization by major foundries, but momentum is waning under investment restraint ■ The second half of FY2013 is forecast to see the equipment market increase 5% year on year. Major foundries are expected to bring forward 20nm investment and memory makers to restart investments, driving growth
■ In FY2013, demand for products for smartphones and tablets has grown 15%, but demand volume for products for PCs has fallen 12%. Overall, the forecast is for a decline of 8% year on year
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
14.5 13.2 13.5
5.6 5.3 5.4
0
15
30
13/3 14/3(e1) 15/3(e1)
20
Semiconductor Manufacturing Equipment Market Assembly Equipment Market
FY13 Outlook (Electronic Device Systems) ②
268 288 310
81 78
98
0
250
500
13/3 14/3(e1) 15/3(e1)
(Source) Gartner(Sep. 2013)/ HHT’s estimation
349 366
408
(Source) Calculated using HHT's market prediction model
(10 billion yen)
Front-end
Back-end
Previous Forecast (e)
YoY
-19%
(100 million USD)
+5%
+11%
20.1 18.5
HHT- Related
Non HHT- Related
-14% -8% +2%
18.9
Previous Forecast (e)
YoY
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 21
Changes in Order Received
FY13 Outlook (Electronic Device Systems) ③
496 513
662 644
0
400
800
12/1H 12/2H 13/1H 13/2H(e1)
(100 million yen) 13/3 1,009 14/3 1,306 +29% YoY
+33% +26%
-4%
Previous Forecast(e)
-1%
-2%
Previous forecast (e), published July 2013
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 22
FY13 Outlook (Electronic Device Systems) ④
194 199 169
463 507 544
382 436 462
0
700
1,400
13/3 14/3(e) 14/3(e1)
Sales Change in Main Businesses Sales Ratio by Fields (Front-end Equip.)
Future Actions
1,039
vs. Previous Forecast
+3%
+7%
+6%
Back-end & Assembly Equip.
Process Equip.
(100 million yen)
1,142
-15%
Metrology & Inspection Equip.
DRAM NAND Logic Others Foundry MPU
1,175
0% 50% 100%
14/3(e1)
14/3(e)
13/3
FY2012: Firm growth atop large-scale foundry investment. NAND-related investment was restrained FY2013: Sales to expand on continued foundry investment, greater number of process orders won for MPU. Logic sales to decrease due to customers’ investment plan changes. Increase in NAND and DRAM related investment
1. Aim to become the “global segment leader” in business fields related to advanced miniaturization 2. Expand share among major customers for etching, metrology and inspection equipment for
multiple exposure, 3-D devices, and new-material memory devices, where the number of process steps will increase
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
FY13 Outlook (Fine Technology Systems) ①
0
10
20
30
40
50
60
2010 2011 2012 2013 2014 2015
(USB$) FPD market trend
11年度事業環境と当社の対応
Source: Created by HHT based on Display Search October Data
Smartphone (LCD+OLED)
FPD TV
Tablet
OLED TV Smartphone(OLED)
HD market trend HDD Shipments(Forecast) HDD Shipments in 2013(Forecast)
Market Based on FPD Sales
M units
Source: Created by HHT based on Techno Systems Research October Data
■Smartphone market expected to continue growing OLED TV business will start from 2015 ■The notebook PC/monitor market is expected to contract, while strong growth is expected in the tablet PC market ■Investment to continue for high-definition small/middle-sized panels and OLEDs and large-sized panels
■HDD shipments to remain lackluster on stalling growth in tablet and notebook PCs ■Investments will be limited to improvements of performance in high-density and production yield ■ Slower growth rate for HDD shipments (CY2013-2015 CAGR +1%)
(CY)
23
0
50
100
150
200
Q1 Q2 Q3 Q4
0
200
400
600
800
2011 2012 2013 2014 2015 (CY)
■ Apr. Est. ■Oct. Est.
(CY)
Business Environment
M units
CAGR +1%
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
46 55 55
97
182 153
0
150
300
13/3 14/3(e) 14/3(e1)
FY13 Outlook (Fine Technology Systems) ②
24
1. Quickly establish OLED business 2. Promote growth strategies through business portfolio reorganization (start new businesses
by investing in new products)
■ Accelerate new business creation - Environment and new energy business: LIBs equip. Printed electronics equip. FA equip. (for automobiles) - Social infrastructure business: Railroad inspection equipment, social infrastructure inspection ■ Achieve shift to mass production through new technology
Touch panel manufacturing equipment
Direct patterning exposure system for the printed electronics
Future Actions
Sales Change in Main Businesses Action Plans
-12%
143 -16%
HD Mfg. Equip. Others
FPD Mfg. Equip.
237
±0%
208
(100 million yen) vs. Previous Forecast
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 25
FY13 Outlook (Science & Medical Systems) ①
Scientific Instruments
Biotechnology & Medical Products
■The Electron Microscope market should see sluggish private-sector capital investment. Growth in demand is anticipated primarily from universities and government offices, supported by the Japanese government’s supplementary budget. Furthermore, investment should continue in cutting-edge fields (new energy, new materials) for the next generation. Overall market growth is projected at CAGR 3–4% ■The analytical instruments market is projected to grow slightly by CAGR 2–3% worldwide. In liquid chromatographs, the largest market sector, demand is expanding for ultra-high speed liquid chromatographs due to the need for shorter analysis times and high-sensitivity analysis. Demand for X-ray fluorescence analysis equipment is projected to increase with expansion in the scope of application of environmental regulations such as RoHS regulations
■The clinical chemistry and immunodiagnostic analyzer market is projected to continuing growing by CAGR 4–5%. Within this market, demand for equipment will see slower growth temporarily due to restrained purchasing in the European market. However, firm growth is expected over the medium term due to increased demand in China and other emerging markets ■ In the DNA sequencer market, growth of only 3% is projected for 2013, based on research budget cuts in Western countries. Within this market, CE* sequencers should see firm growth in replacement demand in application fields such as medical jurisprudence and medical science * CE: Capillary Electrophoresis
Business Environment
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
FY13 Outlook (Science & Medical Systems) ② Scientific Instruments
26
300 300 306
174
299 293
0
300
600
13/3 14/3(e) 14/3(e1)
Other Scientific Instr.
Electron Microscopes +2%
-2% 475
599
1. Maximize synergies with Hitachi High-Tech Science Corporation 2. Expand sales by capturing supplementary budget projects and launching new products
599
■ Maximize synergies with Hitachi High-Tech Science - Integrate Hitachi High-Tech’s the analytical instruments business into Hitachi High-Tech Science (Oct. 2013) - Expand business volume by strengthening core technologies and the product portfolio - Promote joint development (FIB-SEM and others) - Expand sales by utilizing the sales networks of both companies ■ Steadily capture supplementary budget projects
■ Expanded sales of new products (month launched) - SEM/SU8200 series (May 2013) - Ultra-high speed liquid chromatograph/ChromasterUltra Rs (Sept. 2013) - Spectrophotometer/UH4150 (Sept. 2013) - X-Ray fluorescence analyzer/EA 1000VX (Sept. 2013) - ICP optical emission spectrometer/SPECTROBLUE TI (Aug. 2013)
±0%
Field-emission scanning electron microscope SU8200 series
Future Actions
Sales Change in Main Businesses Action Plans (100 million yen) vs. Previous
Forecast
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 27
Measures to ensure the safety and security of society through analyzers Contribute to public safety and security, which is the foundation of society, through high value-added dedicated machines
Dedicated machines LIB inspection equipment Analyzer for inspecting the cadmium
content of rice RoHS inspection equipment
Applications
High-speed detection and elemental identification of trace metallic contaminants that cause quality control issues in lithium-ion rechargeable batteries and fuel cells
Rapid quantitative analysis of food such as rice, without sample preparation, to determine if it satisfies the cadmium concentration criteria of 0.4 ppm
Simple, fast and non-destructive measurement of environmentally hazardous substances such as cadmium, lead and mercury
Features
- Detects metal particles about 20 µm in diameter from a 250 x 200 mm sample in a few minutes - All-in-one instrument (one unit for particle detection, observation and elemental analysis)
- Measurement of brown rice without preparation - About 2 minutes of measurement time is needed to judge whether a sample of contaminant-free brown rice is below the criteria - Simple measurement and evaluation - Automatic measurement - Automatic report preparation
- High-speed measurement - Automatic measurement using sample material determination function - Upgraded analysis tools and centralized data management functions - Available for hazardous substances other than RoHS restricted elements
Customers Battery and materials manufacturers, etc. Agricultural testing centers, etc. Electronics manufacturers, etc.
EA1300VX EA1000VX EA8000
FY13 Outlook (Science & Medical Systems) ③ Scientific Instruments
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FY13 Outlook (Science & Medical Systems) ④ Biotechnology & Medical Products
28
727 656 700
127
109 109
0
500
1,000
13/3 14/3(e) 14/3(e1)
+6%
855
765
+7%
±0%
Biotechnology Products, Others
Medical Products
809
1. Expand sales to large and medium-sized hospitals by combining automated clinical chemistry and immunodiagnostic systems with automated clinical laboratory test systems
2. Expand sales of CE sequencers to the fields of medical jurisprudence and medical research, and develop next-generation sequencers for the in-vitro diagnostics market
■ Expand global sales of integrated large and medium- sized clinical chemistry and immunodiagnostic systems and new automated clinical laboratory testing systems to large hospitals ■ Expand sales of the new LABOSPECT series (clinical chemistry analysis (006) and automated clinical laboratory testing systems (TS)) in the Japanese market ■ Capture replacement demand for CE sequencers in the fields of medical jurisprudence and medical science ■ Continue development of a next-generation nanopore DNA sequencing system for in vitro diagnostics. Pursue collaborative technology development with Base4 Innovation Ltd. (U.K.)
Future Actions
Sales Change in Main Businesses Action Plans (100 million yen) vs. Previous
Forecast
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Promote faster clinical laboratory testing and supply high-efficiency solutions worldwide
29
Layout of clinical laboratory system scheduled for delivery in FY2013 (For a large hospital)
LABOSPECT TS pre-analytical processing block x 2 sets
LABOSPECT 008 clinical analyzers 6,000 tests per hour x 2 sets
Third-party analyzers x 3 units
LABOSPECT TS post-analytical processing block
- Help make clinical laboratory testing faster and more efficient by supplying optimal solutions combining the automated clinical laboratory testing system LABOSPECT TS (cobas8100 in the European) and proprietary automatic analyzers - Propose optimal systems for each clinical testing laboratory by harnessing Hitachi High-Tech’s ability to analyze operations and propose improvements based on its extensive experience as an industry pioneer - A track record of more than 1,000 systems delivered cumulatively on five continents around the world
FY13 Outlook (Science & Medical Systems) ⑤ Biotechnology & Medical Products
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FY13 Outlook (Industrial & IT Systems) (Advanced Industrial Products) ①
30
Expand and accelerate
global business
Ties with the H
itachi Group
Industrial infrastructure Industrial devices, Instrumentation devices,
Rechargeable storage batteries
Social infrastructure Electric power, Water-related,
Solar power generation, Solar cell materials
Automobile and Transportation Automotive ICT,
Automobile components and materials
FY13 Strategies
Basic Policy Expand business by promoting the three priority fields
Industrial & IT Systems
Advanced Industrial Products
Three priority fields
Developm
ent of emerging m
arket
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FY13 Outlook (Industrial & IT Systems) (Advanced Industrial Products) ②
31
先端産業部材 売上高の推移
前予想比 ■Industrial Infrastructure - Expand sales in the FA equipment business (automobiles and functional films) - Strengthen the control systems business through reorganization; accelerate overseas business expansion (China and the ASEAN region) ■Social Infrastructure Step up collaboration with overseas partners in step with global expansion in the solar power generation market - Enhance sales of components related to solar power generation - Promote the development of a disaster-readiness ICT system solution business for Indonesia
Measures in the three priority fields
479 481 469
29 80 58
434
454 416
0
600
1,200
13/3 14/3(e) 14/3(e1)
ICT Solutions -3%
Industrial Infrastructure
-28% Social Infrastructure
-8%
1,016 941 943
0
20,000
40,000
60,000
80,000
2012 2013 2014 2015 2016 2017
世界太陽光発電市場予測(導入量ベース)
欧州
アジア太平洋
北米・南米
中国
中東・アフリカ
単位:MW
(出所)EPIA 「GLOBAL MARKET OUTLOOK 2013-2017 」
Changes in Sales (Industrial & IT Systems)
(100 million yen) vs. Previous Forecast
-7%
Outlook for the global solar power market (installed base) MW
Europe
Middle West, Africa
Asia-Pacific
North & South America
China
(Source) GLOBAL MARKET OUTLOOK 2013-2017 EPIA
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
FY13 Outlook (Industrial & IT Systems) (Advanced Industrial Products) ③
32
先端産業部材 売上高の推移
■Social infrastructure In the mobile communications market, demand is shifting from the 3G to the LTE sector, where it is increasing dramatically - Business targeting mobile devices and mobile base stations Enhance sales of components and materials for mobile devices and components for communications infrastructure devices ■Automobile and transportation Demand growth and energy efficiency are proceeding
apace in emerging countries - Aim to expand sales of related components and materials through vigorous overseas investment
413 412 396
986 1,051 1,083
353 452 419
612
834 846
0
1,500
3,000
13/3 14/3(e) 14/3(e1)
-7%
+3%
+1%
2,749
2,364
-4%
2,743
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2012 2013 2014 2015 2016 2017
市場規模(百万米ドル)
移動系通信市場規模推移と予測
2G
3G
LTE
総務省 平成25年度版 情報通信白書
Changes in Sales (Advanced Industrial Products)
(100 million yen)
-0%
vs. Previous Forecast
Measures in the three priority fields
Industrial C&M
Automobile/ Transportation C&M
Electronic C&M
Fine Chemicals, Others
Trend and outlook for the mobile communications market
Market size (M
illions of U.S
. dollars)
(Source) 2013 White Paper Information and Communications in Japan, Ministry of Internal Affairs and Communications
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Ⅳ Financial Data
33
Note: YY/M denotes the year and month of the accounting period end.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Changes in Quarterly Results
34
FY12 Q1
FY12 Q2
FY12 Q3
FY12 Q4
FY13 Q1
FY13 Q2
Sales / O
perating Income
Electronic Device Systems Sales 293 337 186 224 213 283
Operating Income 61 52 4 11 13 39
Fine Technology Systems Sales 25 48 22 48 12 28
Operating Income -14 -14 -12 -17 -20 -15
Science & Medical Systems Sales 355 345 241 388 291 371
Operating Income 52 32 9 44 16 43
Industrial & IT Systems Sales 259 279 183 221 171 258
Operating Income -2 6 0 7 -9 4
Advanced Industrial Products
Sales 605 592 583 584 642 667
Operating Income 2 1 2 -0 6 4
Others & Elimination/Corporate
Sales -15 -17 -14 -17 -15 -15
Operating Income -6 -13 -3 -16 -7 -12
Total Sales 1,523 1,584 1,200 1,447 1,315 1,592
Operating Income 94 66 1 29 0 63
Ordinary Income 99 66 3 32 5 62
Net Income 62 49 3 8 -15 51
(100 million yen)
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Capital Expenditure/ Depreciation Costs/ R&D/Sales by Region
35
12/1H 13/1H YoY 13/3
14/3 (e1)
YoY
Capital Expenditure 56 117 +108% 117 239 +104%
Depreciation Costs 37 44 +20% 78 99 +27%
R&D 110 103 -7% 218 230 +6%
Japan North America Europe
Asia Other Total Mainland
China
12/1H Sales 1,253 311 411 1,015 439 117 3,107
Ratio 40.3% 10.0% 13.2% 32.7% 14.1% 3.8% 100.0%
13/1H
Sales 1,180 431 331 921 397 45 2,907
Ratio 40.6% 14.8% 11.4% 31.7% 13.7% 1.5% 100.0%
■Capital Expenditures/Depreciation Costs/R&D
■Sales by Region
Note: The countries and regions included in Europe, Asia, and Other have been revised for 2013.(The Figures for 12/1H are revised results)
(100 million yen)
(100 million yen)
Note: Capital expenditure is based on acquisition base
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved.
Sales Change in Main Business
36
(億円) (億円) FY12/Q1 FY12/Q2 FY12/Q3 FY12/Q4 FY13/Q1 FY13Q2
Electronic Device Systems 293 337 186 224 213 283
Process Equipment 113 90 78 102 90 110
Metrology & Inspection Equipment 138 156 71 98 82 119
Back-end & Assembly Equipment 42 90 37 24 41 54
Fine Technology Systems 25 48 22 48 12 28
FPD Manufacturing Equipment 16 34 14 34 9 15
HD Manufacturing Equipment , Others 10 15 8 14 3 13
Science & Medical Systems 355 345 241 388 291 371
Electron Microscopes 67 72 54 107 38 78
Other Scientific Instr. 26 44 29 75 51 65
Medical Products 220 201 131 175 171 195
Biotechnology Products, Others 42 28 28 29 31 33
Industrial & IT Systems 259 279 183 221 171 258
Industrial Infrastructure 96 142 76 121 61 93
Social Infrastructure 2 11 5 10 5 6
ICT Solutions 161 125 102 90 105 159
Advanced Industrial Products 605 592 583 584 642 667
Industrial C&M 154 155 143 160 188 192
Automobile/Transportation C&M 84 81 91 96 90 98
Electronic C&M 257 247 254 229 277 278
Fine Chemicals, Others 110 110 95 98 86 98
(100 million yen)
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 37
Notes on the data 1. All financial statement summaries and results predictions included in this presentation are on a consolidated basis unless otherwise stated. Numerical data is rounded off to the nearest 100 million yen. 2. In its disclosures, Hitachi High-Technologies may make statements that constitute forward-looking statements that reflect management‘s views with respect to certain future events and financial performance at the time of disclosure. Such statements are based on information available at the time of disclosure and may differ from actual results due to various external factors, both direct and indirect. In the event of a major discrepancy with the items disclosed, the Company will disclose on a case-by-case basis based on the law and/or the timely disclosure rules and regulations of the stock exchanges on which the Company is listed. The information included in this material is for reference when investing, and not a canvass to invest. Brand selection and the final decision is at your own judgment.
Copyright©2013 Hitachi High-Technologies Corporation All Rights Reserved. 38
END
For further information Hiroyuki Kato General Manager CSR & Corporate Communications Dept. CSR Div. TEL:+81-3-3504-5138 FAX:+81-3-3504-5943 E-mail:[email protected]
FY13 2nd Quarter Financial Results