Financial Results FY2016 & Business Plan FY2017 · FY2015 FY2016FY2015 FY2016FY2016 FY2016...

Financial Results FY2016

& Business Plan FY2017

Nov. 30th 2016

Hosokawa Micron Group

http://www.hosokawamicron.com

（at the Securities Analysts Association of Japan）

(million yen)(million yen)(million yen)(million yen)

actualactualactualactual per salesper salesper salesper sales actualactualactualactual per salesper salesper salesper sales planplanplanplan% of% of% of% of

pre. yearpre. yearpre. yearpre. year

BookingBookingBookingBooking 50,204 46,959 93.5%

BacklogBacklogBacklogBacklog 17,539 17,459 99.5%

SalesSalesSalesSales 47,342 44,664 45,500 94.3%

Ope. ProfitOpe. ProfitOpe. ProfitOpe. Profit 2,450 5.2% 3,657 8.2% 3,100 149.3%

PTIPTIPTIPTI 2,646 5.6% 3,718 8.3% 3,100 140.5%

Net IncomeNet IncomeNet IncomeNet Income 2,524 5.3% 2,530 5.7% 2,100 100.2%

【exchange rate】【exchange rate】【exchange rate】【exchange rate】US$US$US$US$ 119.30 111.89 120.00

EUROEUROEUROEURO 136.84 124.11 135.00

FY2016FY2016FY2016FY2016FY2015FY2015FY2015FY2015

Financial Results (consolidated)Financial Results (consolidated)Financial Results (consolidated)Financial Results (consolidated)

FY2015 (consolidated) FY2015 (consolidated) FY2015 (consolidated) FY2015 (consolidated)

１

157 179 215 223 211

212

204 228

234 262 262 234

36.7%35.9%

34.8%34.1% 34.4%

35.70%

29.1%

26.3% 27.3% 27.1% 29.3%

27.47%

7.6%9.6%

7.5% 6.9%

5.2%

8.2% 8.3%

0

100

200

300

400

500

600

700

800

0%

5%

10%

15%

20%

25%

30%

35%

40%

FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

（（（（Forecast））））

Sales （（（（

million yen））））

ＧＰ

ＧＰ

ＧＰ

ＧＰR, SGA Ratio, Ope.Profit Ratio（（（（%

））））

Sales(1stH) Sales(2ndH） GPR SGA Ratio Ope. Profit Ratio

361406

449 485 473446 450

Financial ResultsFinancial ResultsFinancial ResultsFinancial Results (consolidated)(consolidated)(consolidated)(consolidated)

２

US$ 81.15 78.87 92.82 102.33 119.30 111.89 100.00

Euro 113.09 102.39 121.82 138.82 136.84 124.11 115.00

(10)

(5)

0

5

10

15

20

25

30

35

40

45

50

0

20

40

60

80

100

120

140

160

180

200

220

240

1 Q

tr.

2 Q

tr.

3 Q

tr.

4 Q

tr.

1 Q

tr.

2 Q

tr.

3 Q

tr.

4 Q

tr.

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1 Q

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2 Q

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3 Q

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4 Q

tr.

FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

Ope.Profit（

100million yen）

Booking, Sales, Backlog（100million yen）

Backlog Booking Sales Ope.Profit

Lehman Shock

※※※※exclude the impact of exchange rate fluctuations

Financial Results (consolidated) Financial Results (consolidated) Financial Results (consolidated) Financial Results (consolidated)

３

US$ 116.26 118.99 107.67 95.22 89.58 81.15 78.87 92.82 102.33 119.30 111.89

Euro 143.01 158.25 161.71 128.71 121.50 113.09 102.39 121.82 138.82 136.84 124.11

【Sales】【Sales】【Sales】【Sales】 (million yen)(million yen)(million yen)(million yen)

FY2015FY2015FY2015FY2015

actualactualactualactual actualactualactualactual% of% of% of% of

Pre.YearPre.YearPre.YearPre.Year

PowderPowderPowderPowder 33,47833,47833,47833,478 33,25133,25133,25133,251 99.3%99.3%99.3%99.3%Blown FilmBlown FilmBlown FilmBlown Film 11,50311,50311,50311,503 11,41311,41311,41311,413 99.2%99.2%99.2%99.2%

ConfectionaryConfectionaryConfectionaryConfectionary 2,3592,3592,3592,359 －－－－TotalTotalTotalTotal 47,34247,34247,34247,342 44,66444,66444,66444,664 94.3%94.3%94.3%94.3%

US$Euro

119.30136.84

111.89124.11

【Ope.Profit】【Ope.Profit】【Ope.Profit】【Ope.Profit】 (million yen)(million yen)(million yen)(million yen)

FY2015FY2015FY2015FY2015

actualactualactualactual actualactualactualactual% oｆ% oｆ% oｆ% oｆ


PowderPowderPowderPowder 2,3122,3122,3122,312 3,0183,0183,0183,018 130.5%130.5%130.5%130.5%Blown FilmBlown FilmBlown FilmBlown Film 1,5411,5411,5411,541 1,6921,6921,6921,692 109.8%109.8%109.8%109.8%

ConfectionaryConfectionaryConfectionaryConfectionary ▲ 341▲ 341▲ 341▲ 341 －－－－ ----adjustmentadjustmentadjustmentadjustment ※※※※ ▲ 1,062▲ 1,062▲ 1,062▲ 1,062 ▲ 1,052▲ 1,052▲ 1,052▲ 1,052 ----

TotalTotalTotalTotal 2,4502,4502,4502,450 3,6583,6583,6583,658 149.3%149.3%149.3%149.3%US$Euro

119.30136.84

111.89124.11

FY2016FY2016FY2016FY2016

FY2016FY2016FY2016FY2016

※General management expenses without belonging to each segments

Financial Results (by business segments, consolidated)Financial Results (by business segments, consolidated)Financial Results (by business segments, consolidated)Financial Results (by business segments, consolidated)

４

0

50

100

150

200

250

300

350

400

Booking Sales Booking Sales Booking Sales

FY2014 FY2015 FY2016

Bookin

g, S

ale

s, B

acklo

g

（100 m

illion yen）

1stH 2ndH Backlog

Booking, Sales, BacklogBooking, Sales, BacklogBooking, Sales, BacklogBooking, Sales, Backlog

Powder Sales Ratio：：：：74.4％％％％

-1%

1%

3%

5%

7%

9%

11%

13%

15%

0

10

20

30

40

50

FY2014 FY2015 FY2016

Ope.P

rofit R

atio

（％

）

Ope.P

rofit（100 m

illion yen）

2ndH Ope.Profit1stH Ope.ProfitOpe.Profit Ratio

Ope.Profit, Ope.Profit RatioOpe.Profit, Ope.Profit RatioOpe.Profit, Ope.Profit RatioOpe.Profit, Ope.Profit Ratio

＜Powder Processing＞

５


Blown Film Sales Ratio：：：：25.6％％％％

0

20

40

60

80

100

120

140

Booking Sales Booking Sales Booking Sales

FY2014 FY2015 FY2016

Bookin

g, Sale

s, B

acklo

g（100 m

illion y

en）

1stH 2ndH Backlog

Booking, Sales, BacklogBooking, Sales, BacklogBooking, Sales, BacklogBooking, Sales, Backlog

0%

2%

4%

6%

8%

10%

12%

14%

16%

0

2

4

6

8

10

12

14

16

FY2014 FY2015 FY2016

Ope

.Pro

fit R

atio

（％

）

Ope

.Pro

fit（100 m

illio

n y

en）

2ndH Ope.Profit1stH Ope.ProfitOpe.Profit Ratio

Ope.Profit, Ope.Profit RatioOpe.Profit, Ope.Profit RatioOpe.Profit, Ope.Profit RatioOpe.Profit, Ope.Profit Ratio

＜Blown Film＞

６


Blown Film Business jumped upBlown Film Business jumped upBlown Film Business jumped upBlown Film Business jumped up

７

136136136136125125125125

66666666

86868686

123123123123115115115115 113113113113 106106106106

123123123123 119119119119

23232323

18181818

11111111

14141414

1919191923232323 26262626 38383838

52525252 56565656

14141414

12121212

4444

2222

66666666 5555 9999

0000

50505050

100100100100

150150150150

200200200200

FYFYFYFY

2007200720072007

FYFYFYFY

2008200820082008

FYFYFYFY

2009200920092009

FYFYFYFY

2010201020102010

FYFYFYFY

2011201120112011

FYFYFYFY

2012201220122012

FYFYFYFY

2013201320132013

FYFYFYFY

2014201420142014

FYFYFYFY

2015201520152015

FYFYFYFY

2016201620162016

Backlog

Confectionery

Blown Film

Powder Processing

（（（（100 million yen100 million yen100 million yen100 million yen））））

381381381381 382382382382

244244244244272272272272

337337337337 323323323323 331331331331 342342342342 352352352352 342342342342

78787878 66666666

42424242

50505050

54545454 66666666 7171717199999999

125125125125 127127127127

36363636 39393939

12121212

18181818

21212121 22222222 1919191940404040

24242424

0000

100100100100

200200200200

300300300300

400400400400

500500500500

600600600600

FYFYFYFY

2007200720072007

FYFYFYFY

2008200820082008

FYFYFYFY

2009200920092009

FYFYFYFY

2010201020102010

FYFYFYFY

2011201120112011

FYFYFYFY

2012201220122012

FYFYFYFY

2013201320132013

FYFYFYFY

2014201420142014

FYFYFYFY

2015201520152015

FYFYFYFY

2016201620162016

Booking

Confectionery

Blown Film

Powder Processing

（（（（100 million yen100 million yen100 million yen100 million yen））））

FFFFinancial Resultsinancial Resultsinancial Resultsinancial Results（（（（by business segmentby business segmentby business segmentby business segment））））

８

Sales (Destination base, consolidatedSales (Destination base, consolidatedSales (Destination base, consolidatedSales (Destination base, consolidated））））

９


FY2015FY2015FY2015FY2015 FY2016FY2016FY2016FY2016% on% on% on% on


JapanJapanJapanJapan SalesSalesSalesSales 10,756 11,646 108.3%%%%% 22.7% 26.1%

AmericaAmericaAmericaAmerica SalesSalesSalesSales 10,498 10,287 98.0%%%%% 22.2% 23.0%

EuropeEuropeEuropeEurope SalesSalesSalesSales 17,771 14,700 82.7%%%%% 37.5% 32.9%

Asia&Asia&Asia&Asia& SalesSalesSalesSales 8,316 8,029 96.5%OthersOthersOthersOthers %%%% 17.6% 18.0%

TotalTotalTotalTotal SalesSalesSalesSales 47,342 44,664 94.3%

America ：Blown film business situation kept good.

Europe ： Revenue to Spain and Russia decreased.

Asian and another ： Revenue to China and Korea recovered.

(Secondary Battery and Magnetic material market are booming )

FY2015FY2015FY2015FY2015

FY2014FY2014FY2014FY2014

FY2016FY2016FY2016FY2016

Bookings by Market Segments Bookings by Market Segments Bookings by Market Segments Bookings by Market Segments （（（（consolidatedconsolidatedconsolidatedconsolidated））））

１０

845 845 845 845

783 783 783 783 730 730 730 730 834 834 834 834

916 916 916 916 893 893 893 893 739 739 739 739 835 835 835 835

1,284 1,284 1,284 1,284 1,303 1,303 1,303 1,303

2,441 2,441 2,441 2,441

1,757 1,757 1,757 1,757 1,741 1,741 1,741 1,741

670 670 670 670

1,120 1,120 1,120 1,120

935 935 935 935 881 881 881 881 995 995 995 995

1,147 1,147 1,147 1,147 1,175 1,175 1,175 1,175

983 983 983 983

0

500

1000

1500

2000

2500

3000

FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

(million yen)

R & D Cost

Capital Investment

Depreciation Cost

１１

R&D, Capital Investment and Depreciation (consolidated)R&D, Capital Investment and Depreciation (consolidated)R&D, Capital Investment and Depreciation (consolidated)R&D, Capital Investment and Depreciation (consolidated)


FY2015FY2015FY2015FY2015

actualactualactualactual actualactualactualactual% of

pre. Year

BacklogBacklogBacklogBacklog 3,523 4,364

BookingBookingBookingBooking 12,119 12,292 101.4%

SalesSalesSalesSales 11,278 12,511 110.9%

Gross MarginGross MarginGross MarginGross Margin 4,667 5,321 114.0%

(%)(%)(%)(%) 41.4% 42.5%

Ope. ProfitOpe. ProfitOpe. ProfitOpe. Profit 597 1,268 212.4%

(%)(%)(%)(%) 5.3% 10.1%

FY2016FY2016FY2016FY2016

Financial Results (nonFinancial Results (nonFinancial Results (nonFinancial Results (non----consolidated)consolidated)consolidated)consolidated)

１２

44 58 63

65

58

56 65

63

75 92

52 73 57

60

38.3%

41.5%

38.9% 39.2%41.2% 41.4%

42.5%

36.2% 31.9%

28.2%

36.4%

31.9%

36.1%

32.4%

2.1%

9.6%10.7%

2.8%

9.3%

5.3%

10.1%

0

50

100

150

200

0%

10%

20%

30%

40%

FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

Sales (million yen)

ＧＰ

Ｒ、

ＧＰ

Ｒ、

ＧＰ

Ｒ、

ＧＰ

Ｒ、

SG

A R

atio

SG

A R

atio

SG

A R

atio

SG

A R

atio 、、、、

Ope

. Pro

fit ra

tio

Ope

. Pro

fit ra

tio

Ope

. Pro

fit ra

tio

Ope

. Pro

fit ra

tio（（（（%

））））

Sales(1stH) Sales(2ndH plan） GPR SGA Ratio Ope. Profit Ratio

133

155

107117

132113

125

Financial Results (nonFinancial Results (nonFinancial Results (nonFinancial Results (non----consolidated)consolidated)consolidated)consolidated)

１３

11.0%11.0%11.0%11.0%9.7%9.7%9.7%9.7%

8.5%8.5%8.5%8.5% 8.6%8.6%8.6%8.6% 8.6%8.6%8.6%8.6%

0%

2%

4%

6%

8%

10%

12%

14%

16%

FY2012 FY2013 FY2014 FY2015 FY2016

ROE (Return on Equity, consolidated)ROE (Return on Equity, consolidated)ROE (Return on Equity, consolidated)ROE (Return on Equity, consolidated)

））））（連結）（連結）（連結）（連結）

１４

(100 million yen)(100 million yen)(100 million yen)(100 million yen)

FY2015FY2015FY2015FY2015 FY2016FY2016FY2016FY2016 FY2016FY2016FY2016FY2016 FY2017FY2017FY2017FY2017

ActualActualActualActual PlanPlanPlanPlan ActualActualActualActual PlanPlanPlanPlan

Sales 473 485 447 450Ope. Profit 25 30 37 38

（% per sales）（% per sales）（% per sales）（% per sales） 5.2% 6.2% 8.2% 8.3%Ext. Income 26 30 37 38

（% per sales）（% per sales）（% per sales）（% per sales） 5.6% 6.2% 8.3% 8.3%Net Income 25 20 25 26

（% per sales）（% per sales）（% per sales）（% per sales） 5.3% 4.1% 5.7% 5.7%【為替レート】【為替レート】【為替レート】【為替レート】

US$US$US$US$ 119.30119.30119.30119.30 120.00120.00120.00120.00 111.89111.89111.89111.89 100.00100.00100.00100.00

EUROEUROEUROEURO 136.84136.84136.84136.84 135.00135.00135.00135.00 124.11124.11124.11124.11 115.00115.00115.00115.00

１５

Business Plan FY2017 (consolidated)Business Plan FY2017 (consolidated)Business Plan FY2017 (consolidated)Business Plan FY2017 (consolidated)

< Group vision >< Group vision >< Group vision >< Group vision >

Growth at developing countriesGrowth at developing countriesGrowth at developing countriesGrowth at developing countries

Further improvement of the profitability.Further improvement of the profitability.Further improvement of the profitability.Further improvement of the profitability.

Strategies for FY2017Strategies for FY2017Strategies for FY2017Strategies for FY2017

１６

◆ Development of new product and technologies to create

competitive advantages and high profitability

◆ Expansion of our global reach to emerging markets

◆ Marketing group products which meet the needs of booming market

◆ Enhancement of mutual understanding and personnel

exchanges in the group

◆ Implementation of strategic plans to expand business and

continuous improvement of profitability

◆New products & technologies development

Competitive advantage

Profitability improvement

１７

Recent New products

★ NOB-VC (Dry particle composing for mass production)★ ACM-BC (Fine grinding for the cathode material)★ Hair growth tonic and Skin care products

Booming market＝ LIB cathode material, Magnetic material

Focus measures for FY2017Focus measures for FY2017Focus measures for FY2017Focus measures for FY2017

11.3%11.3%11.3%11.3% 12.1%12.1%12.1%12.1%

19.2%19.2%19.2%19.2%

14.8%14.8%14.8%14.8%16.7%16.7%16.7%16.7%

17.9%17.9%17.9%17.9%18.4%18.4%18.4%18.4%

14.4%14.4%14.4%14.4%16.2%16.2%16.2%16.2%

19.3%19.3%19.3%19.3%

0

5

10

15

20

25

30

0%

5%

10%

15%

20%

25%

FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

（Plan）

Amount

Ratio

◆Hot market => Magnetic material, Lithium-ion secondary battery

=> to China

◆New Products for secondary battery

【Export ratio of the domestic business】(million)

１８


2.5%2.5%2.5%2.5% 2.8%2.8%2.8%2.8% 2.9%2.9%2.9%2.9%

4.9%4.9%4.9%4.9%

6.0%6.0%6.0%6.0%6666....6666%%%%

7.8%7.8%7.8%7.8%8.8.8.8.2222%%%%

9.09.09.09.0%%%%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017

（Plan）

Ratio

Focus on Asia market from FY2012 ⇒ Results are increased steadily

【The export ratio from Japan at the After sales business】

◆Developing country （China, South-eastern Asia, etc.）

⇒ Expansion of After Sales business

ToJapanese-affiliated companies

+Local companies

１９


◆Concentrate to the activity markets

⇒ Sharing of the Asian market information

and Sales strategies

◎Keystone of the growth and profitability

・Secondary Battery materials and Magnetic materials

⇒ focus in China

New products = Specialized equipment for LIB, Neodymium magnet

・Pharmaceutical

（Booking） FY2016：9 millions Yen⇒ FY2017：13 millions Yen

２０


2.02.02.02.0 2.02.02.02.0 2.52.52.52.54.04.04.04.0

6.06.06.06.07.57.57.57.5 7.57.57.57.5 7.57.57.57.53.03.03.03.0 3.03.03.03.0 4.54.54.54.5

5.05.05.05.0

6.06.06.06.0

7.57.57.57.57.57.57.57.5 10101010

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

20.0

FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016

Pay

out R

atio

Div

idend

year-end

interim

payout ratio

5555yenyenyenyen5555yenyenyenyen

7777yenyenyenyen

12121212yenyenyenyen

（yen）

9999yenyenyenyen

11115yen5yen5yen5yen 11115yen5yen5yen5yen

17.5yen17.5yen17.5yen17.5yen

Dividend in FY2016：：：：17.5yen/share（（（（Payout Ratio：：：：28.9％）％）％）％）

Dividend & Payout RatioDividend & Payout RatioDividend & Payout RatioDividend & Payout Ratio

２１

Dividend forecast in FY2017：：：：15.0yen/share （（（（Payout Ratio：：：：24.6％）％）％）％）

２２

Influence of the world economic topicsInfluence of the world economic topicsInfluence of the world economic topicsInfluence of the world economic topics

＜ American presidential election (November 8, 2016) ＞● America first

Using priority for American products⇒ Anxiety of an exclusive trade policy

※ Our equipment for the powder processing dedicated.

⇒ Without relevant equipment

●Domestic-demand expansion policies

⇒ Expansion for the infrastructure investment

⇒ Domestic-demand expansion ⇒ increase of consumption

⇒ Increase a intention for the capital investment

※ Positive factor for our Blown film business in America.

●Lifting of the economic sanctions to Russia (?)

⇒ Economic recovery in Russia ⇒ Recover the business chance in Russia

Our business prospect ⇒⇒⇒⇒ No important impacts

＜ Brexit (June, 2016）＞

There is no big influence.

Business situation of British subsidiary is keeping good stably.

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