Presentation Material (PDF:241KB)

Consolidated Financial Results for
the Third Quarter Fiscal 2013
Ⅰ. Financial Results for the Third Quarter
Fiscal 2013,
Financial Results Forecast for Fiscal 2013
Ⅱ. Information by Product Group
Ⅲ. Supplementary Data
SHARP CORPORATION
February 4, 2014
Forward-Looking Statements
This presentation material contains certain statements describing the future plans, strategies and
performance of Sharp Corporation and its consolidated subsidiaries (hereinafter “Sharp”). These
statements are not based on historical or present fact, but rather assumptions and estimates based
on information currently available. These future plans, strategies and performances are subject to
known and unknown risks, uncertainties and other factors. Sharp’s actual performance, business
activities and financial position may differ materially from the assumptions and estimates provided
on account of the risks, uncertainties and other factors. Sharp is under no obligation to update
these forward-looking statements in light of new information, future events or any other factors.
The risks, uncertainties and other factors that could affect actual results include, but are not limited
to:
(1) The economic situation in which Sharp operates
(2) Sudden, rapid fluctuations in demand for Sharp’s products and services, as well as intense
price competition
(3) Changes in exchange rates (particularly between the yen and the U.S. dollar, the euro and other
currencies)
(4) Regulations
R l i
suchh as trade
d restrictions
i i
in
i other
h countries
i
(5) The progress of collaborations and alliances with other companies
(6) Litigation and other legal proceedings against Sharp
(7) Rapid technological changes in products and services, etc.
*Amounts less than 100 million yen shown in this presentation material have been rounded down.
Copyright © 2014 SHARP CORPORATION, All Rights Reserved.
Ⅰ. Financial Results for the Third Quarter Fiscal 2013,
Financial Results Forecast for Fiscal 2013
1
Financial Results for the Third Quarter
・ In 3Q, net sales, operating income, and net income increased drastically over the previous quarter and
the same period last year.
(Billions of Yen)
FY2012
3Q
1Q to 3Q
Accumulated
Total
FY2013
1Q
2Q
3Q
Change
(Q on Q)
Difference
(Q on Q)
1Q to 3Q
Accumulated
Total
Change
(Y on Y)
Change
(Y on Y)
Net Sales
678.2
1,782.4
607.9
734.1
815.2
+11.1%
+81.1
+20.2%
2,157.2
+21.0%
Operating
Income
2.6
(0.4%)
-166.2
(-9.3%)
3.0
(0.5%)
30.8
(4.2%)
47.6
(5.8%)
+54.7%
+16.8 17.9-fold
81.4
(3.8%)
-
-36.7
-424.3
(-5.4%) (-23.8%)
-17.9
(-3.0%)
13.6
(1.9%)
22.0
(2.7%)
+61.6%
17.7
(0.8%)
-
Net Income
+8.4
-
2
Transitions in Net Sales/Operating Income/Net Income by Quarter
・ Quarterly net sales have been improved to the 800 billion yen level.
・ Operating income and net income have recovered since the lows of 1Q and 2Q FY2012.
・ Operating income has stayed in the black for 5 consecutive quarters.
Net Sales
900
Operating Income
(Billions of Yen)
800
Net Income
(Billions of Yen, %)
60
15 0
15.0
40
10.0
20
5.0
(Billions of Yen)
50
0
700
-50
600
0
0.0
-100
500
-20
-5.0
-40
40
-10
10.0
0
-60
-15.0
400
-150
300
-200
200
100
-80
0
-100
-20.0 -250
Operating
Income
Operating
Margin
-25.0 -300
3
Financial Results Forecast for Fiscal 2013
・ Net sales increased 200 billion yen over the previous forecast to 2.9 trillion yen, and operating income
was revised upward by 20 billion yen to 100 billion yen.
・ Net income for the period remain unchanged from the previous forecast due to increase in other
expenses such as interest expenses, exchange rate loss with depreciation of currencies in emerging
countries, and costs associated with financial arrangements.
(Billions of Yen)
FY2013
Full Year
Previous
Forecast
Full Year
Revised
Forecast
Difference from
Previous Forecast
Changed
Amount
Ratio of
Change
2,700.0
2,900.0
+200.0
+7.4%
Operating Income
80.0
100.0
+20.0
+25.0%
Other Income (Expenses),
Income Taxes, etc.
-75.0
-95.0
-20.0
-
5.0
5.0
0.0
-
Net Sales
Net Income
4
Sales by Product Group
・ 2-digit growth for Digital Information Equipment, Solar Cells and Electronic Devices compared to the previous
period.
・ Growth in all product groups when compared with the same period last year.
FY2012
3Q
Digital Information
Equipment
(Billions of Yen)
FY2013
1Q
2Q
Change
(Q on Q)
3Q
Difference
(Q on Q)
Change
(Y on Y)
202.3
158.9
175.6
216.9
+23.5%
+41.3
+7.2%
Health and Environmental
Equipment
74.8
82.3
77.5
82.1
+5.8%
+4.5
+9.7%
Solar Cells
55.9
84.3
83.9
108.5
+29.4%
+24.6
+94.1%
Business Solutions
69.6
77.6
80.7
77.1
-4.5%
-3.6
+10.7%
402.8
403.3
417.9
484.7
+16.0%
+66.8
+20.3%
LCDs
258.2
193.8
284.7
277.5
-2.5%
-7.2
+7.5%
Electronic Devices
82.2
61.2
86.5
106.4
+23.0%
+19.8
+29.5%
Device Business
340.4
255.0
371.3
384.0
+3.4%
+12.6
+12.8%
Sub Total
743.3
658.3
789.2
868.7
+10.1%
+79.5
+16.9%
Product Business
Adjustments
-65.0
-50.4
-55.1
-53.4
-
+1.6
-
Total
678.2
607.9
734.1
815.2
+11.1%
+81.1
+20.2%
*Sales of each product group include internal sales between segments (Product Business / Device Business)
5
Operating Income by Product Group
・ In 3Q, all product groups were in the black following 2Q.
(Billions of Yen)
FY2012
3Q
Digital Information
Equipment
Health and Environmental
Equipment
Solar Cells
Business Solutions
Product Business
LCDs
Electronic Devices
Device Business
Sub Total
Adjustments
Total
FY2013
1Q
2Q
3Q
Change
(Q on Q)
Difference
(Q on Q)
Change
(Y on Y)
5.3
(2.6%)
(2
6%)
-1.3
((-0.9%)
0 9%)
2.2
(1.3%)
(1
3%)
8.4
(3.9%)
(3
9%)
3.8-fold
+6.2
+59.4%
7.4
(10.0%)
-1.9
(-3.4%)
6.3
(9.1%)
17.2
(4.3%)
-11.7
((-4.6%))
3.1
(3.9%)
-8.5
(-2.5%)
8.6
(1.2%)
-5.9
2.6
(0.4%)
6.4
(7.8%)
6.8
(8.1%)
7.5
(9.8%)
19.4
(4.8%)
-9.5
((-4.9%))
0.1
(0.2%)
-9.3
(-3.7%)
10.0
(1.5%)
-7.0
3.0
(0.5%)
3.2
(4.2%)
3.0
(3.7%)
8.3
(10.3%)
16.8
(4.0%)
18.1
((6.4%))
5.1
(5.9%)
23.3
(6.3%)
40.1
(5.1%)
-9.3
30.8
(4.2%)
5.6
(6.9%)
5.9
(5.5%)
6.1
(8.0%)
26.2
(5.4%)
26.0
((9.4%))
4.2
(4.0%)
30.2
(7.9%)
56.4
(6.5%)
-8.8
47.6
(5.8%)
+75.4%
+2.4
-23.9%
+93.7%
+2.8
-
-26.3%
-2.1
-3.0%
+55.7%
+9.4
+52.5%
+43.1%
+7.8
-
-18.0%
-0.9
+32.5%
+29.6%
+6.9
-
+40.6%
+16.3
6.5-fold
+54.7%
+0.5
+16.8
17.9-fold
*The percentage figures noted in brackets show operating margin
6
Breakdown of Operating Income by Product Group
(comparison of 2Q and 3Q)
Product Business: +9.4
(Billions of Yen)
Device Business: +6.9
50
47.6
+0.5
+7.8
-0.9
09
LCDs
Electronic
Devices
+2.8
+2.4
30.8
0
-2.1
+6.2
2Q
Digital
Health and
Operating Information Environmental
Income
Equipment Equipment
Solar
Cells
Business
Solutions
Adjustments
3Q
Operating
Income
7
Other Income (Expenses)
・ No restructuring charges were recorded, although interest expense increased compared to 3Q FY2012.
(Billions of Yen)
FY2012
3Q
Operating Income
Other Income (Expenses)
Gain on sales of noncurrent assets
Gain on sales of investment
securities
FY2013
1Q
2Q
3Q
Difference
Diff
(Y on Y)
2.6
-34.9
0.0
3.0
-16.8
0.0
30.8
-12.1
2.9
47.6
-15.0
0.0
+44.9
+19.8
0.0
0.0
0.0
0.0
1.5
0.0
Interest expense
-3.7
-4.2
-4.7
-5.8
-2.1
Loss on sales and retirement of
noncurrent assets
Loss on valuation of investment
securities
-0.5
-0.1
-1.0
-0.3
+0.2
-0.4
0.0
-0.9
-1.3
-0.9
-27.3
-2.0
0.0
-0.7
-4.5
-36.7
0.0
0.0
-1.0
-11.5
-4.1
-17.9
0.0
0.0
0.0
-10.0
-5.0
13.6
0.0
0.0
0.0
-7.4
-10.5
22.0
+27.3
+1.9
0.0
-6.6
-6.0
+58.8
Restructuring charges
Settlement package
Provision for loss on litigation
Others
Income Taxes, etc.
Net Income
8
Implementation State of Measures to
Reinforce Business Foundations
<Reducing Fixed Costs by Reformation of Cost Structure>
・Reduction in fixed costs of 97.6 billion yen compared to FY2012 1Q to 3Q
(9 months) due to a reduction in depreciation and amortization and in labor costs
<Capital Reinforcement Measures>
・A total of 120.3 billion yen capital increase through a public offering and secondary
offering
ff i due
d to
t over-allotment
ll t
t (October,
(O t b November
N
b 2013)
・A total of 17.4 billion yen capital increase through third-party allotments to Denso,
Makita and LIXIL (October 2013)
9
Breakdown of Operating Income by Factors
(Y on Y comparison of 1Q to 3Q 9-month accumulated total)
Effects of business restructuring:
total of 166.5
(Billions of Yen)
81.4
50
Increased
revenue, etc.
+81.1
0
Reduction
of assets
+68.9
-50
-100
Reduction of
fixed costs
+97.6
-150
-166.2
-200
FY2012 1Q to 3Q
Operating Income
Accumulated Total
FY2013 1Q to 3Q
Operating Income
Accumulated Total
10
Consolidated Balance Sheets
・ The balance of cash and time deposits increased to 318.5 billion yen due to capital increase through a
public offering and third-party allotments.
・ The equity ratio has improved from 6.0% at end of March 2013 to 13.1% at end of December 2013.
FY2012
FY2012
FY2013
End of Mar.
2013
End of Sep.
2013
FY2013
End of Mar.
2013
End of Dec.
2013
Cash, time deposits and
restricted cash
191.9
167.5
318.5
Notes and accounts
receivable
558.2
608.0
711.5
Inventories
310.7
317.5
Other current assets
160.9
CB
(Billions of Yen)
End of Sep.
2013
End of Dec.
2013
200.3
0.0
0.0
Short-term borrowings
924.1
874.0
899.3
342.1
Notes and accounts payable
405.6
449.3
483.7
189.9
177.2
Other current liabilities
337.7
289.6
339.8
1,221.8
1,282.9
1,549.4
1,667.5
1,613.0
1,722.9
Plant and Equipment
563.6
535.2
530.7
Long-term Liabilities
285.3
355.9
356.5
Investments and Other
Assets
301.6
297.1
326.0
Liabilities
1,952.9
1,968.9
2,079.4
0.6
0.1
0.1
Net Assets
134.8
146.6
326.8
2,087.7
2,115.5
2,406.3
6.0%
6.4%
13.1%
Current Assets
Deferred Assets
Total assets
2,087.7
2,115.5
Current Liabilities
Total liabilities and
net assets
2,406.3
Equity Ratio
11
“Asset Light” Approach [ Transition of Inventory ]
・ Inventory at end Dec. 2013 was 342.1 billion yen, an increase of 24.5 billion yen compared to
end Sep. 2013, and the ratio vs. monthly sales were relatively flat at 1.43 months.
(Billions of Yen)
600
(Months)
3.00
Inventory (left)
Ratio vs. monthly sales (right)
500
486.0
2.50
454.4
399.9
400
300
527.4
2.58
411.2
1.93
2.00
356.2
1.60
1.69
1.79
310.7
1.76
1.50
317.5
1.42
342.1
1.43
1.50
200
1.00
100
0.50
0
0.00
End Mar.
2008
End Mar.
2009
End Mar.
2010
End Mar.
2011
End Mar.
2012
End Mar.
2013
End Jun.
2013
End Sep.
2013
End Dec.
2013
12
Transition of Interest-bearing Debt
・ Interest-bearing debt at end Dec. 2013 was 1,219.8 billion yen, an increase of 24.5 billion yen compared to end
Sep. 2013, and the ratio vs. monthly sales decreased to 5.09 months from 5.34 months.
・ Net interest-bearing debt *decreased to 901.3 billion yen due to an increase in cash and time deposits following
capital increase through a public offering and third-party allotments.
(Months)
(Billions of Yen)
Short-term borrowings (left)
1 127 1
1,127.1
Longt-term debt (left)
Ratio vs. monthly sales (right)
1,000
931.8
829.7
820.1
1,174.4
982.4
1,169.4
1,014.8
1,195.3
1,219.8
1,027.8
901.3
847.2
8.00
703.9
629.3
Interestbearing debt
5.51
492.8
500
315.1
2.47
5.77
5.34
471.7
3.57
3.50
5.69
Net interestbearing debt
5.09
4.00
3.36
Interest-bearing debt
on the ratio vs.
monthly sales
0
0.00
End Mar.
2008
End Mar.
2009
End Mar.
2010
End Mar.
2011
End Mar.
2012
End Mar.
2013
End Jun.
2013
End Sep.
2013
End Dec.
2013
*Net interest-bearing debt = interest-bearing debt ― cash, time deposits and restricted cash
13
Ⅱ. Information by Product Group
14
Digital Information Equipment <Total>
(Billions of Yen)
FY2013
1Q
Sales
2Q
158.9
Operating Income
(margin)
3Q
175.6
-1.3
2.2
(-0.9%)
(1.3%)
Change
g
Change
g
(Q on Q) (Y on Y)
216.9 +23.5%
+7.2%
4Q
Revised
Forecast
178.4
-17.7%
-6.9%
-1.3
-
-
8.4 3.8-fold +59.4%
(3.9%)
Full
Full
Year
Year
Previous
Change
g
Change
g Revised Change
g
(Q on Q) (Y on Y) Forecast (Y on Y) Forecast
(-0.8%)
730.0
-0.4%
8.0
-
(1.1%)
730.0
5.0
(0.7%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ 3Q ]
・In
I addition
dditi tto growth
th iin units
it and
d amountt off LCD TV
TVs, th
the effects
ff t off th
the release
l
off new mobile
bil phones
h
and
d
other factors ensured that 3Q remained in the black, making drastic improvements to profitability on the back
of 2Q
[ Onward Actions ]
・While profitability is forecast to reduce in 4Q due to decrease in sales of mobile phones following seasonal
fluctuations, it is expected to be in the black for the full year
15
Digital Information Equipment
<LCD TVs, Mobile Phones>
(Billions of Yen: Millions of Units)
FY2013
1Q
2Q
3Q
Full
Full
4Q
Year
Year
Revised
Revised Change Previous
Change Change Forecast
o ec s Change Change
Forecastt (Y on Y) Forecast
F
(Q on Q) (Y on Y)
(Q on Q) (Y on Y) F
Amt
80.3
113.7
118.8
Unit
1.56
2.12
2.18
+2.5%
Amt
50.2
37.2
69.2 +85.8%
Unit
1.31
1.11
+4.5% +13.0%
107.0
-9.9%
+9.8%
420.0
+8.1%
400.0
-2.3%
2.12
-2.5%
+11.9%
8.00
-0.4%
8.00
+6.7%
53.2
-23.1%
-19.9%
210.0
-8.5%
210.0
1.77 +59.6% +13.0%
1.29
-27.2%
-28.3%
5.50
-10.0%
5.50
LCD TVs
Mobile
Phones
[ 3Q ]
LCD TVs:
Growth in units and amount from 2Q mainly in Japan where the market bottomed out
Mobile phones: Growth in units and amount due to sales of new products
[ Onward Actions ]
LCD TVs:
Increase the sales of high-definition LCD TVs such as 4K AQUOS and Quattron Pro, enhance
the lineup of 60 inch and larger (70/80/90 inch) models, and introduce locally suitable products
in emerging countries and other important regions
Mobile phones: Enhance the lineup centering on new products equipped with IGZO LCDs that feature high
definition and low power consumption
16
Health and Environmental Equipment
(Billions of Yen)
FY2013
1Q
Sales
82.3
Operating Income
(margin)
2Q
3Q
77.5
6.4
3.2
(7.8%)
(4.2%)
82.1
Change
g
Change
g
(Q on Q) (Y on Y)
+5.8%
+9.7%
5.6 +75.4%
-23.9%
(6.9%)
4Q
Revised
Forecast
Full
Full
Year
Year
Revised Change
Previous
Change
g
Change
g
g
(Q on Q) (Y on Y) Forecast (Y on Y) Forecast
78.0
-5.0%
-2.2%
4.6
-18.5%
-37.2%
(5.9%)
320.0
+3.3%
20.0
-37.9%
(6.3%)
320.0
20.0
(6.3%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ 3Q ]
・ Strong sales of air purifiers following PM2.5 issues, and growth in microwave ovens and other products
[ Onward Actions ]
・ Release highly functional products with unique features, and minimize the influence of exchange rate
fluctuations by promoting local production for local consumption
・ Positive sales expansion in anticipation of last-minute demand in the Japanese market before rise in
consumption tax, and creation of products that trigger new demand in preparation for the backlash
17
Solar Cells
(Billions of Yen)
FY2013
1Q
Sales
Volume
(MW)
Operating Income
(margin)
2Q
3Q
84.3
83.9
343
560
6.8
3.0
(8.1%)
(3.7%)
Change Change
(Q on Q) ((Y on Y))
108.5 +29.4% +94.1%
459
-18.1% +67.4%
5.9 +93.7%
(5.5%)
-
4Q
Revised
Forecast
Full
Full
Year
Year
Change Change Revised Change Previous
(Q on Q) ((Y on Y)) Forecast ((Y on Y)) Forecast
153.1 +41.0% +38.1%
430.0 +65.4%
310.0
738 +60.8% +46.7%
2,100 +59.2%
1,800
8.1 +37.2%
(5.3%)
-16.2%
24.0
-
(5.6%)
13.0
(4.2%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ 3Q ]
・ Continued
C ti
d strong
t
sales
l in
i the
th Japanese
J
market
k t ffor industrial
i d t i l applications
li ti
such
h as mega-solar
l power generation
ti
・ Developer business contributing to increased sales overseas
[ Onward Actions ]
・ Expand sales and secure profitability in the Japanese market that has steady demand, expand on the developer
businesses overseas
Residential use: Strengthen sales with improved after-sales services including maintenance
Industrial use: Complete construction through more superior product supply system and construction system, and
secure new projects by strengthening design and sales activities
・ Promotion of restructuring including termination of module production in US and UK, shift to energy solution
business
18
Business Solutions
(Billions of Yen)
FY2013
1Q
Sales
77.6
Operating Income
(margin)
2Q
3Q
80.7
77.1
7.5
8.3
6.1
(9.8%)
(10.3%)
(8.0%)
Change
g
Change
g
(Q on Q) (Y on Y)
4Q
Revised
Forecast
-4.5% +10.7%
-26.3%
-3.0%
Full
Full
Year
Year
Revised Change
Previous
Change
g
Change
g
g
(Q on Q) (Y on Y) Forecast (Y on Y) Forecast
74.4
-3.5%
-15.7%
5.9
-3.5%
-46.3%
(8.0%)
310.0
+4.4%
28.0 +15.0%
(9.0%)
310.0
22.0
(7.1%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ 3Q ]
・ The
Th margin
i h
has d
decreased
dd
due tto seasonall ffactors,
t
ttougher
h competition
titi and
d other
th ffactors,
t
h
however still
till secure
stable profitability
[ Onward Actions ]
・ Increase sales of high-speed MFPs in developed countries and expand color MFPs in emerging countries
・ New customer approach combining MFPs and displays, and enhancement of package solution
19
LCDs
(Billions of Yen)
FY2013
1Q
Sales
Operating Income
(margin)
2Q
193.8
284.7
-9.5
18.1
(-4.9%)
(6.4%)
3Q
277.5
Change
g
Change
g
(Q on Q) (Y on Y)
4Q
Revised
Forecast
-2.5%
+7.5%
243.9
26.0 +43.1%
-
5.3
(9.4%)
(2.2%)
Full
Full
Year
Year
Revised Change
Previous
Change
g
Change
g
g
(Q on Q) (Y on Y) Forecast (Y on Y) Forecast
-12.1% +10.6%
-79.6%
-
1,000.0 +18.1%
40.0
(4.0%)
-
970.0
30.0
(3.1%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ 3Q ]
・ Decrease
D
iin sales
l compared
d tto 2Q
2Q, due
d to
t price
i decline
d li in
i large-size
l
i LCDs
LCD d
despite
it growth
th iin sales
l off smallll and
d
medium-size LCDs centering on smartphone application
・ Engineering businesses related to patents, etc. contributed to significant increase in operating income
・ LCD plant operating ratio progressed as per plans, and the small- and medium-size LCD production ratio at
the Kameyama No.2 Plant was approximately 30%
[ Onward Actions ]
・ Develop new customers with positive progress with design-in activities
・ Strengthen sales of small- and medium-size LCDs featuring high definition and low power consumption, such as IGZO
LCDs
20
Electronic Devices
(Billions of Yen)
FY2013
1Q
Sales
Operating Income
(margin)
2Q
61.2
3Q
86.5
Change
g
Change
g
(Q on Q) (Y on Y)
106.4 +23.0% +29.5%
0.1
5.1
4.2
(0.2%)
(5.9%)
(4.0%)
-18.0% +32.5%
4Q
Revised
Forecast
85.6
2.5
Full
Full
Year
Year
Revised Change
Previous
Change
g
Change
g
g
(Q on Q) (Y on Y) Forecast (Y on Y) Forecast
-19.5% +38.1%
-39.7%
-49.8%
(3.0%)
340.0 +25.6%
12.0
(3.5%)
-
320.0
12.0
(3.8%)
*Sales of each product group include internal sales between segments (Product Business / Device Business)
[ 3Q ]
・ Strong sales of camera modules for mobile devices
[ Onward Actions ]
・ Expand the customer base by developing smaller, highly functional camera modules for mobile devices
・ Bolster sales of our strong devices such as proximity sensors with light sensors for mobile devices
・ Better application development of sensing devices to be applied in monitoring (security), in-vehicle and medical
fields
・ Bolster sales of touchscreen systems for mobile devices
21
III. Supplementary Data
22
Consolidated Financial Results Forecast for Fiscal 2013
(Billions of Yen)
FY2013
1Q
2Q
3Q
1Q to 3Q
Accumulated
Total
FY2013
4Q
Revised
Forecast
Full Year
Revised
Forecast
Difference from
Previous Forecast
Changed Ratio of
Amount
Change
Full Year
Previous
Forecast
607.9
734.1
815.2
2,157.2
742.7
2,900.0
+200.0
+7.4%
2,700.0
Domestic
258.8
285.5
296.2
840.5
279.4
1,120.0
+100.0
+9.8%
1,020.0
Overseas
349.1
448.5
519.0
1,316.7
463.2
1,780.0
+100.0
+6.0%
1,680.0
3.0
30.8
47.6
81.4
18.5
100.0
+20.0
+25.0%
80.0
-17.9
13.6
22.0
17.7
-12.7
5.0
0.0
-
5.0
Net Sales
Operating Income
Net Income
23
Consolidated Financial Results Forecast for Fiscal 2013
(Billions of Yen)
FY2013
1Q
2Q
3Q
1Q to 3Q
Accumulated
Total
FY2013
4Q
Revised
Forecast
Full
F
ll Year
Y
Revised
Forecast
Difference
ff
from
f
Previous Forecast
Changed
Amount
Ratio of
Change
Full
F
ll Year
Y
Previous
Forecast
Capital Investment
10.5
10.9
11.2
32.7
37.2
70.0
-10.0
-12.5%
80.0
Depreciation and
Amortization
29.9
28.7
27.7
86.4
33.5
120.0
-10.0
-7.7%
130.0
Exchange Rate
FY2012
Full Year
3Q
1Q to 3Q
Average
Full Year
Revised
Forecast
U.S. Dollar
¥82.11
¥99.46
¥98.39
¥100.00
Euro
¥105.65
¥135.20
¥130.74
¥130.00
24
Sales by Product Group Fiscal 2013 Full Year
(Billions of Yen)
FY2013
1Q
Digital Information
Equipment
2Q
FY2013
1Q to 3Q
Accumulated
Total
3Q
4Q
Revised
Forecast
Full Year
Revised
Forecast
Difference from
Previous
Forecast
Full Year
Previous
Forecast
158.9
175.6
216.9
551.5
178.4
730.0
0.0
730.0
Health and Environmental
Equipment
82.3
77.5
82.1
241.9
78.0
320.0
0.0
320.0
Solar Cells
84.3
83.9
108.5
276.8
153.1
430.0
+120.0
310.0
Business Solutions
77.6
80.7
77.1
235.5
74.4
310.0
0.0
310.0
403.3
417.9
484.7
1,305.9
484.0
1,790.0
+120.0
1,670.0
LCDs
193.8
284.7
277.5
756.1
243.9
1,000.0
+30.0
970.0
Electronic Devices
61.2
86.5
106.4
254.3
85.6
340.0
+20.0
320.0
Device Business
255.0
371.3
384.0
1,010.4
329.5
1,340.0
+50.0
1,290.0
Sub Total
658.3
789.2
868.7
2,316.3
813.6
3,130.0
+170.0
2,960.0
Adjustments
-50.4
-55.1
-53.4
-159.1
-70.8
-230.0
+30.0
-260.0
607.9
734.1
815.2
2,157.2
742.7
2,900.0
+200.0
2,700.0
Product Business
Total
*Sales of each product group include internal sales between segments (Product Business / Device Business)
25
Operating Income by Product Group Fiscal 2013 Full Year
(Billions of Yen)
FY2013
1Q
2Q
3Q
FY2013
1Q to 3Q
Accumulated
Total
4Q
Revised
Forecast
Full Year
Revised
Forecast
Difference from
Previous
Forecast
Full Year
Previous
Forecast
Digital Information
Equipment
-1.3
(-0.9%)
2.2
(1.3%)
8.4
(3.9%)
9.3
(1.7%)
-1.3
(-0.8%)
8.0
(1.1%)
+3.0
5.0
(0.7%)
Health and Environmental
Equipment
64
6.4
(7.8%)
6.8
(8.1%)
32
3.2
(4.2%)
3.0
(3.7%)
56
5.6
(6.9%)
5.9
(5.5%)
15 3
15.3
(6.3%)
15.8
(5.7%)
46
4.6
(5.9%)
8.1
(5.3%)
20 0
20.0
(6.3%)
24.0
(5.6%)
00
0.0
20 0
20.0
(6.3%)
13.0
(4.2%)
7.5
(9.8%)
19.4
(4.8%)
-9.5
(-4.9%)
8.3
(10.3%)
16.8
(4.0%)
18.1
(6.4%)
6.1
(8.0%)
26.2
(5.4%)
26.0
(9.4%)
22.0
(9.4%)
62.6
(4.8%)
34.6
(4.6%)
5.9
(8.0%)
17.3
(3.6%)
5.3
(2.2%)
28.0
(9.0%)
80.0
(4.5%)
40.0
(4.0%)
0.1
(0.2%)
-9.3
(-3.7%)
5.1
(5.9%)
23.3
(6.3%)
4.2
(4.0%)
30.2
(7.9%)
9.4
(3.7%)
44.1
(4.4%)
2.5
(3.0%)
7.8
(2.4%)
12.0
(3.5%)
52.0
(3.9%)
10.0
(1.5%)
-7.0
3.0
(0.5%)
40.1
(5.1%)
-9.3
30.8
(4.2%)
56.4
(6.5%)
-8.8
47.6
(5.8%)
106.7
(4.6%)
-25.2
81.4
(3.8%)
25.2
(3.1%)
-6.7
18.5
(2.5%)
132.0
(4.2%)
-32.0
100.0
(3.4%)
Solar Cells
Business Solutions
Product Business
LCDs
Electronic Devices
Device Business
Sub Total
Adjustments
Total
+11.0
+6.0
+20.0
+10.0
0.0
+10.0
+30.0
-10.0
+20.0
22.0
(7.1%)
60.0
(3.6%)
30.0
(3.1%)
12.0
(3.8%)
42.0
(3.3%)
102.0
(3.4%)
-22.0
80.0
(3.0%)
*The percentage figures noted in brackets show operating margin
26