FY18 1st Quarter Financial Results [IFRS]

Transcription

1 FY18 1st Quarter Financial Results [IFRS] July 24, 2018 Shunichi Uno Senior Vice President and Executive Officer Hitachi High-Technologies Corporation Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved.

2 Contents FY18 1st Quarter Financial Results [IFRS] 1. FY18 1st Quarter (Highlights) 2. FY18 1st Half Outlook 3. Reference Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 1

3 1. FY18 1st Quarter (Highlights) Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 2

4 FY18 1st Quarter (Highlights) (100 million yen) FY18 Q1 Results FY17 Q1 Results Increase/Decrease YoY Ratio Revenues 1,730 1, % Adjusted Operating % Income*1 EBIT* % Income before Income Taxes % Net Income* ー 11 ー 10% Net Income per Share yen yen ー 8.29 yen Notes: Exchange rate: 1USD=109 yen, 1EUR=130 yen *1 Adjusted operating income is presented as revenues less cost of sales as well as selling, general and administrative expenses *2 EBIT(Earnings Before Interest and Taxes) is presented as income before income taxes less interest income and interest expenses *3 Net Income is presented as net income attributable to Hitachi High-Technologies Corporation stockholders Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 3

5 FY18 1st Quarter (Revenue and EBIT by Segment) (100 million yen) Science & Medical Systems Electronic Device Systems FY18 Q1 Results Revenues EBIT YoY Revenues +19% ー 6% EBIT +26 ー 25 Explanation of Deviations Science & Medical Systems: Revenue and EBIT increased due to higher sales of clinical analyzers for the Asian market and the end of inventory adjustments in the supply chains with customers Electronic Device Systems: Industrial Systems Advanced Industrial Products ー % +4% Revenue and EBIT decreased due to a decline in sales of Metrology & Inspection Equipment to foundries, despite higher sales of Process Equipment for MPU Total 1, % +4 Notes: Elimination such as subtractions in intersegment transactions, etc., are included in the totals Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 4

6 2. FY18 1st Half Outlook Note: (e) denotes the figures announced on April 2018 (e1) denotes the figures announced on July 2018 Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 5

7 FY18 1st Half Outlook (Highlights) (100 million yen) FY18 1H Outlook (e1) YoY Increase / Decrease Ratio The Figures Announced on April 2018 (e) Revenues Adjusted Operating Income*1 Income before Income Taxes Net Income*3 Net Income per Share Cash Dividend per Share 3, % 3, % 310 EBIT* % % yen yen yen + +14% yen yen yen Note: No changes in FY18 outlook *1 Adjusted operating income is presented as revenues less cost of sales as well as selling, general and administrative expenses *2 EBIT(Earnings Before Interest and Taxes) is presented as income before income taxes less interest income and interest expenses *3 Net Income is presented as net income attributable to Hitachi High-Technologies Corporation stockholders Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 6

8 Business Environment Science & Medical Systems Biotechnology and Medical Products Steady demand for clinical chemistry and immunodiagnostic analyzers in the Asian market, primarily in China Scientific Systems Electron Microscopes: Expanding demand from semiconductor and materials manufacturers in the Asian market Scientific Instruments: Growth in demand for rechargeable batteries and RoHS-compliant Electronic Device Systems Logic Foundries Foundry Memory Delays in certain cutting-edge process investments, but investment is expected to continue due to expansion of server market demand Decline in new equipment demand in 7 nm mass production investment, 5 nm development investment expected Delays in certain 3D-NAND investments, but continued investment is expected, mainly in DRAM where steady demand continues Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 7

9 FY18 1st Half Outlook (Revenue and EBIT by Segment) (100 million yen) FY18 1H Outlook (e1) FY17 1H Results YoY Revenues EBIT Revenues EBIT Revenues EBIT Science & Medical Systems % +26 Electronic Device Systems % +30 Industrial Systems % +11 Advanced Industrial Products 1, , % +0 Total 3, , % +39 Notes: Elimination such as subtractions in intersegment transactions, etc., are included in the totals Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 8

10 3. Reference Note: YY/M denotes the year and month of the accounting period-end Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 9

11 Reference of Electronic Device Systems 18/3 Changes in Orders Received (Results) (100 million yen) Q1 Q2 Q3 Q4 Total Process Equip Metrology & Inspection Equip Total ,514 Process Equip. 138 ーーー /3 Metrology & Inspection Equip. 196 ーーー 196 Total 334 ーーー 334 Revenues Ratio by Fields (Results) * Based on unit sales DRAM NAND Logic MPU Foundry Others 18/3 21% 31% 10% 21% 14% 3% 19/3 Q1 40% 27% 27% 3% 3% 0% 50% 100% Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 10

12 Change in Quarterly Results (100 million yen) Science & Medical Systems FY17 Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY18 Q1 Revenues EBIT Revenues / EBIT Electronic Device Systems Industrial Systems Advanced Industrial Systems Others & Elimination/Corporation Revenues EBIT Revenues EBIT ー 9 0 ー 0 19 ー 3 Revenues EBIT Revenues ー 17 ー 17 ー 13 ー 22 ー 19 EBIT ー 5 ー 9 ー 4 ー 20 ー 12 Total Revenues 1,642 1,714 1,602 1,919 1,730 EBIT Income before Income Taxes Net Income Attributable to Hitachi High- Technologies Corporation Stockholders Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 11

13 Revenue Change in Main Business (100 million yen) FY17/Q1 FY17/Q2 FY17/Q3 FY17/Q4 FY18/Q1 Science & Medical Systems Electron Microscope Scientific Instr Medical Products Biotechnology Products, Others Electronic Device Systems Process Equipment Metrology & Inspection Equipment Others Industrial Systems * Social Infrastructure Industrial Infrastructure ICT Solutions Advanced Industrial Products * Materials & Electronics Automobiles & Mobility Energy & Industry Fuel & Chemicals, Others * The sub-segment classification of Industrial Systems and Advanced Industrial Products has been changed from FY18. FY17 figures are restated. Copyright 2018 Hitachi High-Technologies Corporation All Rights Reserved. 12

14 FY18 1st Quarter Financial Results [IFRS] For further information Mitsuru Kuwabara General Manager, CSR & Corporate Communications Dept., CSR Div. TEL: FAX: 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 2018 Hitachi High-Technologies Corporation All Rights Reserved. 13