Sumida Presentation Template 2017-02-28آ SUMIDA CORPORATION Performance Briefings February 7,...

SUMIDA CORPORATION
Performance Briefings
February 7, 2017

Today’s Speakers
2 Copyright© 2016 SUMIDA CORPORATION. All rights reserved.
Representative Executive Officer & CEO Shigeyuki Yawata
Representative Executive Officer & President Tomoharu Suseki
Representative Executive Officer & CFO Yoshiyuki Honda

Today’s Program
Copyright© 2015 SUMIDA CORPORATION. All rights reserved. 3
１．Consolidated Financial Results for FY2016 ＣＦＯ Yoshiyuki Honda ２．FY2016 Performance & FY2017 Outlook President Tomoharu Suseki 3. General Overview CEO Shigeyuki Yawata 4. Q & A Session

FY2016 Consolidated Financial Results (Q4 & Full Year)
CFO Yoshiyuki Honda

Copyright© 2017 SUMIDA CORPORATION. All rights reserved.
（Million yen）
Consolidated P/L for FY2016 Q4
15.Ｑ4 16.Q3 16.Q4 Change % Change %
（A）（B）（C）（C）/(A) (C)/(B)
S a l e s 20,537 19,876 19,651 △4.3％ △1.1％
G r o s s I n c o m e 3,193 4,235 3,824
GI ratio 15.5％ 21.3％ 19.5%
O p e r a t i n g I n c o m e 524 1,706 1,145 118.3％ △32.9％
OI ratio 2.6％ 8.6％ 5.8%
O r d i n a r y I n c o m e 283 1,530 935 229.7％ △38.9％
Income Attributable to O w n e r s o f P a r e n t
197 779 727 268.0％ △6.7％
E P S （ y e n ） 8.51 33.58 31.33
F O
R E X
US$/yen 121.14 103.02 106.08
euro/yen 132.52 114.48 115.63
renminbi/yen 18.99 15.47 15.61
5
Significant profit increase in spite of decreased sales due to yen‘s appreciation

Operating Income Analysis 2015 Q4 → 2016 Q4
6
2015 Q4 Operating Income
524
（Million yen）
2016 Q4 Operating Income 1,145
Effect of foreign
exchange 30
Raw materials prices DOWN
150
China wages UP
△150
Others 71
Productivity UP 140
Ｒ＆Ｄ Costs Up
△60
Change of depreciation
methods 230
Sales increase /Product mix
300
Expenses UP △90

Operating Income Analysis 2016 Q3 → 2016 Q4
Productivity DOWN △60
7
2016 Q3 Operating Income 1,706
Sales DOWN /Product mix
△180
(Million yen）
2016 Q4 Operating Income 1,145 Effect of
foreign exchange
△20
Raw materials Prices UP
△30
Others △91
Expenses
UP △60
Ｒ＆Ｄ Costs UP
△30
China wages UP
△90

（Million yen）
Consolidated P/L for FY2016 Full Year
2015 Full Year 2016 Full Year Change %
（A）（B）（B）/（A）
S a l e s 86,236 81,052 △6.0％
G r o s s I n c o m e 14,941 16,118
GI ratio 17.3％ 19.9%
O p e r a t i n g i n c o m e 4,237 5,696 34.4％
OI ratio 4.9％ 7.0%
O r d i n a r y I n c o m e 3,309 4,805 45.2％
2,032 3,087 51.9％
E P S （ y e n ） 87.55 133.02
F O
R E X
US$/yen 120.78 109.31
euro/yen 134.81 120.75
renminbi/yen 19.24 16.51
8
Record-breaking profit in spite of decreased sales due to yen’s appreciation

Operating Income Analysis 2015 Full Year → 2016 Full Year
9
（Million yen） Effect of foreign
exchange 70
Raw materials prices DOWN
950
China wages UP
△570
Others △61
Productivity UP 420 Ｒ＆Ｄ
Costs UP △270
Change of depreciation
methods 610
Sales UP /Product mix
500
Expenses UP △190
2015 Full Year Operating
income 4,237
2016 Full Year Operating Income 5,696

Consolidated B/S
2015
Dec 31 2016
Dec 31 Change
Current assets 37,978 37,148 △829
Cash & Deposits 3,569 3,577 7
Notes & A/R 16,998 17,026 27
Inventory 14,262 13,617 △645
Others 3,146 2,927 △219
Fixed Assets 29,877 29,877 0
Tangible Assets 22,676 23,591 914
Intangible Assets 2,912 2,608 △303
Others 4,289 3,678 △610
Deferred Assets 20 8 △12
TOTAL ASSETS 67,876 67,034 △842
2015 Dec 2016 Dec
Current Ratio 1.48 1.40
DE Ratio 1.78 1.51
ＣＣＣ（days） 106 100
2015
Dec 31 2016
Dec 31 Change
Current Liabilities 25,614 26,529 914
Notes & A/P 7,042 8,221 1,178
Loans 12,970 12,759 △211
Others 5,601 5,548 △53
Fixed Liabilities 23,593 20,602 △2,990
Loans 20,200 17,256 △2,943
Others 3,392 3,345 △46
Total Liabilities 49,207 47,131 △2,076
Total Net Equity 21,862 24,276 2,414
T/A △4,525 △5,936 △1,411
Stock Acquisition Right 73 172 98
Minority Interests 1,258 1,391 133
Total Net Assets 18,669 19,903 1,233
TOTAL 67,876 67,034 △842
US$/yen 120.38 117.05
euro/yen 131.60 123.03
renminbi/yen 18.53 16.82
（Million yen）
CCC improved

Consolidated Cash Flow
2015
Jan - Dec
2016
Jan-Dec Change
Cash Flow from Operating Activities 5,515 7,774 2,259
Income before Taxes 2,932 4,805 1,872
Depreciation 3,830 2,700 △1,130
Net Working Capital △2,050 727 2,778
Others 802 △457 △1,260
Cash Flow from Investing Activities △4,366 △4,445 △78
Capital Investments △4,448 △4,508 △60
Others 81 63 △17
Cash Flow from Financing Activities △1,054 △3,016 △1,961
Net Interest-Bearing Debts △495 △2,262 △1,766
Dividend Payment △464 △672 △208
Others △94 △80 13
Cash and cash equivalent at end of period 3,538 3,546 7
（Million yen）
Cash flow from operating activities substantially increased
11

FY2017 Forecast of Consolidated Operations
FY2017 （IFRS basis）
FY2017 (Mid-term Plan)
S a l e s 86,700 100,000
O p e ra t i n g In c o m e 5,900 5,000
OI ratio 6.8％ 5.0％
Income Before Taxes 5,100 4,100
3,300 2,600
E P S ( y e n ) 142.18 112.01
Exchange rates
US$ /yen 114.00 118.00
euro/yen 121.00 137.00
（Million yen）

FY2016
Actual
5,696
FY2017
Forecast
5,900
0
1,000
2,000
3,000
4,000
5,000
6,000
Up 204
Increase Factors
Sales increase 940
Productivity improvement 1,020
Costs reductions 770
Discontinuation of goodwill depreciation
350
Capitalization of R&D exp. 250
Others 173
TOTAL 3,503
Decrease Factors
Product mix change 1,210
Wages increase 700
Welfare in China increase 620
Increase of copper price 410
Increase of R&D exp. 200
Others 159
TOTAL 3,299
Net +204
13
Analysis of Operating Income Growth
（） Increase Factors
Sales increase 940
Productivity improvement 1,020
Costs reductions 770
Discontinuation of goodwill depreciation
350
Capitalization of R&D exp. 250
Others 173
TOTAL 3,503
Decrease Factors
Product mix change 1,210
Wages increase 700
Welfare in China increase 620
Increase of copper price 410
Increase of R&D exp. 200
Others 159
TOTAL 3,299
Net +204
(Million yen)

Cash Conversion Cycle (CCC)
115
106
100 100
90
100
110
120
2014年 2015年 2016年 2017年（計画）
14
(average days)
Through utilization of low-interest rate, CCC target is set at 100 days as an operational guideline
Copyright© 2017 SUMIDA CORPORATION. All

Sumida Presentation Template 2017-02-28آ SUMIDA CORPORATION Performance Briefings February 7,...

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