Financial Results for the Fiscal Year ending March 31, May 8, 2018

Transcription

1 Financial Results for the Fiscal Year ending March 31, 2018 May 8, 2018

2 Financial summary (million JPY) FY2016 Actual FY2017 Actual Comparison Comparison (%) Net Sales 48,865 51,665 +2, % Operating Income 1,792 2, % NPAT 616 2,520 +1, % Average exchange rate : Fiscal year ending March 31, 2017 JPY108.60/USD1 Fiscal year ending March 31, 2018 JPY111.13/USD1 2

3 Net sales by segmentation (million JPY) Comparison by segmentation Increase and decrease 50,000 40,000 30,000 48,865 2,763 3, ,541 6, ,486 51,665 2,801 4, ,362 4, ,993 Total Microwave tubes and radar components Microwave applications Others SAW ,396 2,800 Communication satellite 20,000 8,594 9,354 GaAsIC Opt devices 2, In China smartphone market 10, ,271 17,487 FY2016 FY2017 Contracted manufacturing MOS BIP ,216 3, ,000 Automotive and industrial market 3

4 Analysis of operating income (million JPY) 4,000 1, JPY108.60/USD1 JPY111.13/USD1 2,000 1,792 Personnel expenses 177 Depreciation cost ,138 Impact of real sales fluctuation Others Exchange rate variation 0 FY2016 FY2017 4

5 Change of fiscal year We plan to change fiscal year from March to December. Owing to the adoption of a December 31 fiscal year-end across the entire Nisshinbo Group that our parent company, the next fiscal year will be an irregular nine-month period ending December 31, Current fiscal year Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar New fiscal year Apr May June July Aug Sept Oct Nov Dec Jan Feb Mar 9 months If the change of the articles of incorporation is approved at annual shareholders meeting in June 2018, we change fiscal year. 5

6 FY 2018 budget(9 months) (million JPY) FY2017 Actual (12 months) FY2018 Budget (9 months) Comparison Comparison (%) Net Sales 51,665 40, Operating Income 2,138 2, NPAT 2,520 2, Average exchange rate : Fiscal year ending March 31, 2018 JPY111.13/USD1 Fiscal year ending December 31, 2018 JPY110.00/USD1 6

7 FY 2018 budget(12 months) (million JPY) FY2017 Actual (12 months) FY2018 Budget (12 months) Comparison Comparison (%) Net Sales 51,665 54,500 +2, % Operating Income 2,138 3,300 +1, % NPAT 2,520 3, % Average exchange rate : Fiscal year ending March 31, 2018 JPY111.13/USD1 Fiscal year ending March 31, 2019 JPY110.00/USD1 7

8 Net sales by segmentation (million JPY) 60,000 50,000 40,000 30,000 20,000 Comparison by segmentation JPY111.13/USD1 51,665 2,801 4, ,362 4, ,993 9,354 JPY110.00/USD1 54,500 2,700 5, ,550 4,700 1,200 7,600 10,900 Microwave tubes and radar components Microwave applications Contract manufacturing Increase and decrease Total SAW GaAs IC Opt devices (million JPY) 2,835 10,000 17,487 17,850 Others MOS 393 1,546 0 FY2017 FY2018 Budget BIP 363-2, ,000 4,000 8

9 Analysis of operating income (million JPY) 6,000 4,000 2,138 2, Personnel expenses 557 Depreciation cost 288 Others 167 3,300 Exchange rate variation JPY111.13/USD1 JPY110.00/USD1 2,000 Impact of real sales fluctuation 0 FY2017 FY2018 Budget 9

10 Investment (million JPY) 5,000 4,000 3,000 2,000 1,000 2,199 1,705 Investment Depreciation 2,059 1,766 3,450 2,766 2,214 2,170 1,887 1,964 4,329 4,500 2,141 2, Budget Others R&D (4.2%) Cost down (8.3%) Facility 400 renewal (8.9%) 1,685 4,500 million yen (37.4%) Production capability up 1,850 (41.2%) 0 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget 10

11 Inventories turnover period (million JPY) (months) 60,000 50,000 Net sales Inventories Inventories turnover period ,220 42,080 47,816 48,865 51,665 54, ,000 36, , ,000 13, ,232 12,358 13,294 13,589 14,366 14, ,000 0 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget

12 Strengthen of the financial structure ( one hundred million JPY ) ( Capital adequacy ratio )(one hundred million JPY) Loan % % 311 Liabilites Equity Capital adequacy ratio % 27% 28% % 20% % 75 27% 27% 28% % 31% % (one hundred million JPY) 20.0% 0.0% CMS 9 Financial institution FY2015 FY2016 FY2017 FY2018 Budget Trends in retained earnings FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget

13 Strategy for more growth 13

14 Company management by segment IoT Industry General purpose Automotive 14

15 After 3years plan FY2014 FY2017 FY2020 Industry Automotive General purpose 15

16 Revenues by market (million JPY) 60,000 50,000 40,000 42,080 45,220 47,816 48,865 51,665 54,500 Microwave device External sales of subsidiary company Others 30,000 Communication 20,000 Industrial 10,000 Automotive MarkLines 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget (12 months) Audio/Video 16

17 Automotive 17

18 Automotive products (million JPY) 14,000 12,000 MarkLines 10,000 Wireless communication device division 8,000 Smartkey(SAW) 6,000 4,000 Communication(GaAsICs) Foundry ECU 2,000 Navigation 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget (12 months) ECU : Electronic Control Unit 18

19 By application Keyless Entry NJW4184 NJW4113/16 Meter panel NJW4188/11 NJW4140/28 NJW4381 EPS NJW4113 NJW4140 Std Product Custom design Roof Lamp NJW4615A New Entry LED Light PMIC NJWXXXX Camera NJW4152 NJW4750 Headlight control NJW4185 Cooler Box NJW4305 Compressors NJWXXXX Nox Sensor NJWxxxx Power Control Unit NJW4*** EFI ECU NJW4*** Blower Motor NJW4822 Navigation system NJW4184/4185/4186 NJW4119 NJW4131/32 NJWXXXX NJW4128/4152/4154/4155 NJW4196 ISS Power NJW4*** Current sensor New XX Sensor NJW4*** 1.4KV EV monitor NJUXXXX 19

20 Develop and make it together OEM Small size, Low power, High speed, High precision MEMS sensor Tier1 ADC design Cold junction Hot junction Membrane Cold junction Cross section of sensor chip AMP Design Packaging 20

21 Automotive sensor Ultrasonic sensor(automatic parking) Gas flow sensor (Improve fuel economy and exhaust gas) Current sensor(at car) Audio sensor (MEMS microphone) Temperature sensor (SAW device) Human sensitivity sensor(microwave sensor) 21

22 Power supply and signal Power supply MarkLines (PMIC) PMIIC DC/LDO Make it one chip DC/LDO DC/LDO PMIIC Li ion bat Signal Sensor ADC Analog Digital Convertor Signal processing MCU Micro Control Unit Flow of electric signal Sensing Amplification Digitalization Joint development with Tire1 22

23 Net sales to key customers (million JPY) Net sales FY FY FY FY FY FY 23

24 Share acquisition of Ricoh Electronic Devices Co., Ltd. by Nisshinbo Expansion of production capacity 8 Automotive business Quality assurance Cost down Improve machine design Technology development for the future Scale expansion(aiming for sales of 100 billion yen) Design resource 12k/m 6 /8 Fabs 8k/m Yashiro Fab in Hyogo pref (50km west of Osaka AP) 24

25 4 月 5 月 6 月 7 月 8 月 9 月 10 月 11 月 12 月 4 月 5 月 6 月 7 月 8 月 9 月 10 月 11 月 12 月 Assembly Goods receipt quantity (100 hundred piece) Saga Electronics Co., Ltd. Transferred to Thai through business restructuring Thai NJR Co., Ltd Apr May June July Aug Sept Oct Nov Dec Apr May June July Aug Sept Oct Nov Dec FY2018 FY2018 Saga Electronics ThaiNJR Saga Electronics Packaging & Test Thai NJR Co.,Ltd. (Chiang Mai /Thai land) 25

26 Construction of new building of Saga Electronics Co., Ltd. Gym Parking IC design Wafer process Warehouse Warehouse Assembly Dormitory Warehouse Warehouse Warehouse Parking Guard 26

27 Construction of new building of Saga Electronics Co., Ltd New Fab 27

28 Industrial 28

29 Industrial (million JPY) 6,000 4,000 2,000 Opt element Custom ASIC Others Power supply IC Op amp/comparator 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget(12 months) It was reclassified from FY

30 Products for industrial ASIC for encoder Uses of PM2.5 sensor current amplification Cord wheel Lens LED Light receiving element Photocurrent amplification IC for optical rotary encoder Light receiving element ASIC Rotational phase detection a-b phase wave shaping Light amount detection Rotational position detection n-ch waveform shaping Reference voltage source NJU7921 Signal processing Sensor Sensor NJU7057 Photodiode output current detection AFE for blocking electric leakage Sensor drive センサ駆動 Reference voltage 基準電圧 発振器 Oscillator Electric current センサ Sensor element 素子 A アンプ AMP m p (PGA) ADC デジタル Digital signal 信号処理 processing DAC 温度センサ Temperature sensor Memory メモリー I2C/SPI 30

31 Communication 31

32 Net sales for smartphone (million JPY) 15,000 10,000 5,000 0 Microwave device MEMS SAW 6,988 6,226 4,700 4,114 3,860 1,182 1,500 1,652 1,604 2,311 1,513 3,666 3,541 4,362 4,550 1,054 2,566 1,297 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 ANT Filter SW LNA RFIC Receiver MEMS AMP PA Transmitter 32

33 LPWA IoT Front-End Module(FEM) FEM is specialized in NB-IoT using existing LTE network. (Narrow Band IoT) ANT SW FEM Filter Filter PA RFIC Management of rental bicycle Farm monitoring FEM block diagram Parking information Remote control of streetlights LPWA IoT example Location information 33

34 Wireless Communication Device for automotive RKE GNSS Satellite V2X Cellular Base Station Telematics e-call Standard AECQ100 VDA6.3 Data Center(Server) 34

35 SAW (million JPY) 5,000 Our product 4,362 4,550 Contract manufacturing 3,666 3,541 2,500 2,566 1,297 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget 35

36 MEMS (million JPY) 2,000 MEMS is introduced into microphone such as a smartphone. 1,513 1,652 1,604 1,500 1,000 1,054 1,182 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget MEMS: Micro Electro Mechanical System 36

37 MEMS AI speaker Many MEMS microphones are introduced into speakers to sense sound from all directions. MEMS microphone AI speaker is introduced automotive in the future AI speaker began to draw attention in

38 Microwave 38

39 Microwave products (million JPY) 10,000 Microwave applications Microwave tubes 7,499 7,700 6,210 5,814 6,342 6,066 5,000 3,023 2,596 3,302 3,302 4,698 5,000 3,186 3,218 3,039 2,763 2,801 2,700 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 Budget 39

40 Contracted products for ViaSat,Inc : Lunch a new service by new satellite Current service New service Speed Max 25Mbps Max 100Mbps Capacity 140 Gbit/s 300 Gbit/s Service area USA USA Canada Mexico Caribbean Sea Atlantic 40

41 Contracted products for ViaSat,Inc : Start of production of the new model Microwave High frequency technology of 30 GHz Production in Thai NJR (Semiconductor assembly factory) Micro electronics Semiconductor assembly technology Net sales(million) 2,000 1,500 New model Current model 1,000 Micro BUC The appearance of the module Current model GaAs High power amplifier New model GaN High power amplifier FY2016 FY2017 FY2018 Budget (12 months) 41

42 Ultra high-speed wireless network with low orbit satellites GEO(Geosynchronous Equatorial Orbit ) LEO(Low Earth Orbit LEO) 42

43 Thank you for your kind attention. 43