Performance Outline(PDF 47 KB)

Third Quarter of FY2016.3 Performance Outline
February 4, 2016
(billions of yen)
Three Months Results Three Months Results
Ended Dec. 31, 2014 Ended Dec. 31, 2015
Nine Months Results
Ended Dec. 31, 2014
Nine Months Results
Ended Dec. 31, 2015
Results
Projections
(Previous Year)
(Full Year)
Previous Projections
(Full Year)
(announced on Oct. 30, 2015)
Net Sales
FY2015.3
FY2016.3
FY2015.3
FY2016.3
FY2015.3
FY2016.3
FY2016.3
116.9
118.3
323.2
335.8
432.2
437.0
437.0
Japan Sales
39.3
(33.6%)
34.2
(28.9%)
117.8
(36.5%)
107.4
(32.0%)
160.4
(37.1%)
144.2
(33.0%)
144.9
(33.2%)
Overseas Sales
77.6
(66.4%)
84.1
(71.1%)
205.4
(63.5%)
228.4
(68.0%)
271.8
(62.9%)
292.8
(67.0%)
292.1
(66.8%)
Operating Income
10.6
(9.1%)
15.7
(13.3%)
25.7
(8.0%)
36.9
(11.0%)
30.1
(7.0%)
41.0
(9.4%)
37.0
(8.5%)
Ordinary Income
10.9
(9.3%)
15.4
(13.0%)
26.0
(8.0%)
37.6
(11.2%)
31.2
(7.2%)
41.5
(9.5%)
37.5
(8.6%)
9.9
(8.5%)
13.1
(11.1%)
20.7
(6.4%)
30.5
(9.1%)
24.9
(5.8%)
34.5
(7.9%)
29.0
(6.6%)
Net Income
(*1)
Currency Exchange
Rate (Settlement Rate)
112/US$
121/US$
105/US$
122/US$
109/US$
121/US$
(*5)
121/US$
138/EUR
135/EUR
140/EUR
134/EUR
141/EUR
134/EUR
132/EUR
ROE
(*2)
12.7%
15.0%
9.2%
11.5%
8.1%
10.0%
8.3%
ROA
(*3)
7.9%
9.9%
5.8%
7.6%
5.1%
6.6%
5.5%
51.2 yen
67.6 yen
106.9 yen
157.5 yen
128.8 yen
178.5 yen
149.8 yen
(=yen)
Earnings per Share
3.0
2.9
9.8
7.7
13.8
12.3
13.8
(3.3)
(3.2)
(9.2)
(9.4)
(12.6)
(12.7)
(12.9)
6.4
6.2
18.5
18.5
25.4
25.1
25.5
Operating Activities
6.6
12.7
13.1
20.9
31.7
41.0
39.5
Investing Activities
-2.1
4.9
-9.2
-1.0
-11.7
-2.0
-12.0
4.5
‐
17.6
‐
3.9
19.9
20.0
39.0
27.5
94.9
95.2
87.8
92.1
90.3
Japan
‐
‐
6,617
6,266
6,541
6,200
6,200
Overseas
‐
‐
13,417
13,993
13,426
14,200
14,300
Total
(*4)
‐
‐
20,034
20,259
19,967
20,400
20,500
（Changes from the changes in
the scope of consolidation）
-
-
-
-
Capital Expenditures
(Depreciation Expenses)
R&D Expenses
Cash Flows
Total
Inventories at End of Period
Number of Employees
Temporary Staff
(average during the period)
(261)
(-104)
7,565
(257)
(-100)
7,860
8,143
(-100)
7,700
7,900
Sales by Business
Segment
Musical Instruments
76.3
(65.3%)
73.6
(62.2%)
212.4
(65.7%)
216.7
(64.6%)
281.7
(65.2%)
281.5
(64.4%)
281.5
(64.4%)
Audio Equipment
31.8
(27.2%)
36.1
(30.5%)
82.5
(25.5%)
90.6
(27.0%)
112.8
(26.1%)
118.5
(27.1%)
118.5
(27.1%)
Electronic Devices
3.0
(2.6%)
2.6
(2.2%)
10.6
(3.3%)
10.5
(3.1%)
13.4
(3.1%)
13.0
(3.0%)
Others
5.7
(4.9%)
6.0
(5.1%)
17.8
(5.5%)
17.9
(5.3%)
24.2
(5.6%)
24.0
(5.6%)
13.0
24.0
(3.0%)
(5.5%)
Operating Income by
Business Segment
Musical Instruments
7.8
11.1
22.0
27.8
25.1
31.5
28.5
Audio Equipment
2.7
4.3
4.7
7.8
6.1
8.5
7.5
Electronic Devices
-0.3
-0.1
-1.2
0.6
-1.4
0.5
0.4
0.4
0.3
0.7
0.4
0.5
0.5
0.5
55.0
59.1
180.8
182.1
233.7
Others
Non-Consolidated Basis
Net Sales
Operating Income
2.3
(4.2%)
6.0
(10.2%)
9.9
(5.5%)
14.8
(8.1%)
10.5
(4.5%)
Ordinary Income
3.4
(6.2%)
6.3
(10.7%)
17.9
(9.9%)
26.7
(14.6%)
24.5
(10.5%)
Net Income
4.0
(7.3%)
1.1
(1.9%)
17.8
(9.9%)
20.1
(11.0%)
25.3
(10.8%)
＊1 Net income is presented as net income attributable to owners of parent on the consolidate financial statements.
＊2, 3 The ROE and ROA for the 3Q are calculated on an annually adjusted basis.
＊4　Number of Employees = Number of full-time staff at end of the period
＊5　4Q Currency exchange rates US$=120JPY　EUR=130JPY
Consolidated financial forecasts were prepared based on information available at the time of the announcement and do not represent promises by the Company or
its management that these performance figures will be attained.
Actual consolidated results may differ from forecasts owing to a wide range of factors.