Consolidated Third Quarter of F.Y Presentation (Jan.1 to Sep.30, 2013)

Transcription

1 OPTEX.CO., LTD. Consolidated Third Quarter of F.Y Presentation (Jan.1 to Sep.30, 2013) November 6, 2013

2 Summary of 3rd Quarter:Net Sales RAYTEC The factor of change in net sales (year-to-year comparison) +13%(+1,924 million yen) Security Sensors +21%(+1,489 million yen) Automatic Door Sensors +10%(+258 million yen) Factory Automation Business +2%(+76 million yen) Contract Manufacturing Service 6%( 48 million yen) Others +15%(+153 million yen) Giken Trastem 2

3 Summary of 3rd Quarter : Operating Income 3

4 Summary of 3rd Quarter : Factors of change in Operating Income Gross operating income Selling and administrative Expenses Impact of exchange rate +1,100 Factor4 Factor5 Factor6 Factor7 Impact of exchange rate -493 Personnel cost increase -149 Factor1 913 Sales increase +37 Factor2 Factor3 COS% UP +418 Expense increase -162 R&D investment decrease +51 1, Q Q 4

5 Outlook in Business Segments Sensing Products Business Security Sensors 7,279 8,768 Net Sales : 8,768 million yen (year-to-year comparison +21%) +1,489 million yen ( Overseas +17% +978 million yen Japan +37% +511 million yen) Overseas : Sales were brisk for outdoor intrusion detectors owing mainly to a recovery in exports to southern Europe. 5 Japan : Sales of outdoor intrusion detectors trended smoothly to large-scale critical facilities.

6 Outlook in Business Segments Sensing Products Business Automatic Door Sensors 2,573 2,831 Net Sales : 2,831 million yen (year-to-year comparison +10%) +258 million yen ( Overseas +27% +272million yen Japan 1% 14million yen) Overseas:Sales trended smoothly to users in North America and Europe. Japan:Market trends are gradually recovering and we expect to see restoration demand going forward. 6

7 Outlook in Business Segments Factory Automation Business 3,296 3,372 Net Sales : 3,372 million yen (year-to-year comparison +2% ) +76 million yen ( Overseas 6% 125 million yen Japan +19% +201 million yen) Overseas:Demand faltered due to impact from the financial crisis in Europe and a decline in capital investments in China due to the economic slowdown. Japan:Sales of general-purpose photoelectric sensors increased to the distribution industry. 7

8 Assumed exchange rate / Exchange sensitivity 1. Assumed exchange rate (Unit : Yen) From Jan to September, 2012 Average rate From Jan to September, 2013 Average rate Rate of change 2013 Beginning of the year Plan rate 2013 Second half Plan rate USD % GBP % EURO % Impact on our full-year performance by a-yen appreciation Net Sales Operating Income Net Sales Operating Income USD GBP EURO

9 Projection of second half Net sales projected to increase by 16% ( billion), operating income by 31% ( 312 million) and net income by 19% ( 136 million) over the first half. 9

10 Full-year earnings forecast Full-year earnings forecast Net Sales 24,000 Operating Income 2,300 Ordinary Income 2,600 Net Income 1,600 Projected sales in business segments Security sensors 12,135 Automatic Door Sensors 3,953 Factory Automation Business 4,674 Others 3,238 Ordinary Income 10

11 Market development Matrix of the business development Development of newly emerging markets Latin America ASEAN, India Russia, China Entry into new business fields Electric railway and public transport-related etc. Expansion of core businesses Continuous introduction of new products Development for large-scale outdoor facilities Expansion of share with leading customers Development of new applications Security lighting business Entry/exit control business Energy conservation, lighting control business Product development 8

12 Medium-Term Action Plan Innovate a global organization structure to facilitate Group-wide expansion of product lineups handled, maximizing OPTEX Group synergy! 12

13 Medium-Term Earnings Forecast Net Sales 20,699 24,000 Ordinary income 1,680 2,600 Net income 825 1,600 ROE 4.7% 8.3% EPS(Yen) ,500 4,600 2,800 At least 10%

14 Shares offered for sale オプテックス(6914)_ 株 式 売 出 し_ 社 内 勉 強 用 資 料 Requirements Issuing company OPTEX Co. Ltd. (TSE 1st section/code: 6914) Total offering (including overallotment) Common shares to be sold Overallotment option 1,150,000 shares (6.8% of total shares outstanding, 1.71x average monthly trading volume during February 2013-July2013) 1,000,000 share (5.9% of total shares outstanding) 150,000 shares (0.9% of total shares outstanding) Sellers: Toru Kobayashi (Chairman, President and CEO): Tatsuya Arimoto: Katsutoshi Kurita: The Bank of Tokyo-Mitsubishi UFJ, Ltd.: 300,000shares 300,000shares 200,000shares 200,000shares Size of offering Roughly 1.85 billion (including OA, based on August 16 closing share price of 1,607) Provisional terms 3%-5% Offering date Date the offering price is set (X) Application date Settlement date (start of trading) Underwriter (underwriter s share) Sale objective Shareholders subject to lock up Lock up period August 19, 2013 (Monday) Sometime during August 27, 2013 (Tuesday) August 29, 2013 (Thursday) X+1 trading day - X+2 trading days X+6 trading days Sole lead manager and sole bookrunner: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (100%) Expand shareholder base and improve liquidity Optex, President Kobayashi, Mr. Arimoto, Mr. Kurita, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Starting on the day the offering price is set and ending 180 days from the settlement date 14

15 3Q Topics Launch of Security measures for Mega-solar facilities Up to 60% reduction in total costs of security measures A large sensor lineup to fit the installation conditions and scale A security system to fit the manager s or business s needs. 15

16 3Q Topics Launch of new products from Giken Trastem (1) Buses ridership detection sensors First of its type in the transport industry Precision rate is more than 95% (2) Customers counting system for chain stores Single sensor handles processes from image analysis to outputting data on the number of people All-in-one unit that handles all processes Sensors Image analysis 16

17 3Q Topics Launch of new products from ZENIC Real-time image sharpening device Image sharpening process to clear up fog, pictures taken against the sun, and in low lighting; switching is automatic Fog Before processing Fog After processing Shooting into the light Before processing Shooting into the light After processing Camera Example of how to connect the unit Recorder and switching device Image-sharpening device Monitor Low lighting Before processing Low lighting After processing 17

18 OPTEX CO., LTD. *The data utilized in this presentation was based upon our assumption and estimated information. The actual business results might be different from the numbers we have shown you here because of various factors.