First Quarter of FY2015.3 Performance Outline

First Quarter of FY2015.3 Performance Outline
July 31, 2014
(billions of yen)
1Q Projections
1Q Results
Net Sales
Japan Sales
Overseas Sales
Operating Income
Ordinary Income
Net Income
Currency Exchange Rate
(Settlement Rate) (=yen)
ROE
(*1)
ROA
(*2)
Earnings per Share
Capital Expenditures
(Depreciation Expenses)
R&D Expenses
1Q Results
(Previous Year)
(announced on April 30, 2014)
Initial Projections
(Full Year)
(announced on April 30, 2014)
Projections
Results
(Full Year)
(Previous Year)
FY2015.3
FY2015.3
FY2014.3
FY2015.3
FY2015.3
FY2014.3
100.5
99.6
97.0
430.0
430.0
410.3
41.9 (41.7%)
41.1 (41.3%)
42.7 (44.0%)
167.3 (38.9%)
167.2 (38.9%)
167.9 (40.9%)
58.6 (58.3%)
58.5 (58.7%)
54.3 (56.0%)
262.7 (61.1%)
262.8 (61.1%)
242.4 (59.1%)
6.0 (6.0%)
6.2 (6.3%)
6.2 (6.4%)
29.0 (6.7%)
29.0 (6.7%)
26.0 (6.3%)
5.5 (5.5%)
5.9 (5.9%)
6.3 (6.5%)
28.0 (6.5%)
28.0 (6.5%)
26.1 (6.4%)
4.0 (4.0%)
4.1 (4.1%)
5.8 (6.0%)
21.0 (4.9%)
21.0 (4.9%)
22.9 (5.6%)
(*4)
100/US$
102/US$
98/US$
100/US$
101/US$
100/US$
135/EUR
140/EUR
121/EUR
135/EUR
136/EUR
129/EUR
5.9%
6.0%
10.1%
7.5%
7.5%
9.2%
3.6%
3.7%
5.9%
4.7%
4.7%
5.5%
20.7 yen
21.1 yen
30.1 yen
108.5 yen
108.5 yen
118.3 yen
3.7
3.2
2.1
13.8
13.6
10.8
(2.9)
(2.9)
(2.9)
(12.8)
(13.1)
(12.8)
6.7
5.9
5.7
25.6
25.3
22.6
Cash Flows
Operating Activities
Investing Activities
Total
Inventories at End of Period
-1.1
-3.2
-4.3
92.2
3.7
-3.2
0.5
89.1
-1.8
-0.7
-2.5
89.9
33.5
-12.8
20.7
84.4
33.5
-12.6
20.9
82.5
33.2
-23.0
10.3
82.7
7,000
13,600
20,600
6,821
13,223
20,044
7,108
12,759
19,867
6,700
13,600
20,300
6,700
13,600
20,300
6,830
13,021
19,851
Number of Employees
Japan
Overseas
Total
(*3)
（Changes from the changes in
the scope of consolidation）
Temporary Staff
(average during the period)
(295)
(278)
(43)
(300)
(290)
(46)
7,400
7,804
8,329
7,500
7,200
7,863
Sales by Business Segment
Musical Instruments
Audio Equipment
Electronic Devices
Others
Operating Income by
Business Segment
Musical Instruments
Audio Equipment
Electronic Devices
Others
65.0
24.5
4.5
6.5
(64.7%)
(24.4%)
(4.5%)
(6.4%)
5.5
0.5
0
0
65.7
24.3
3.8
5.8
(66.0%)
(24.4%)
(3.8%)
(5.8%)
62.6
23.5
4.6
6.3
5.8
0.6
-0.2
0
4.4
0.9
0.4
0.4
64.6
3.9
9.9
10.0
58.7
2.8
8.2
8.9
(64.5%)
(24.2%)
(4.8%)
(6.5%)
273.0
112.0
19.0
26.0
22.0
6.0
0.5
0.5
(63.5%)
(26.1%)
(4.4%)
(6.0%)
274.5
112.0
17.5
26.0
22.5
6.0
0
0.5
(63.8%)
(26.1%)
(4.1%)
(6.0%)
262.3
105.5
18.8
23.7
(63.9%)
(25.7%)
(4.6%)
(5.8%)
19.7
5.9
0.8
-0.4
Non-Consolidated Basis
Net Sales
Operating Income
Ordinary Income
Net Income
(6.0%)
(15.3%)
(15.5%)
(4.8%)
(14.0%)
(15.2%)
223.7
8.1
15.5
17.7
(3.6%)
(6.9%)
(7.9%)
＊1, 2 ROE and ROA are calculated on an annually adjusted basis.
＊3　Number of Employees = Number of full-time staff at end of period
＊4　2Q-4Q currency exchange rates US$1=JPY100, EUR1=JPY135
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.