financial results for the 1st half of the fiscal year ... · financial results highlights . 2...
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Financial Results for the 1st Half of the Fiscal Year ending March 31, 2018
November 21, 2017
Financial Results Highlights
2
(million JPY)
Average exchange rate:FY March2017 1st Half JPY107.07/USD1 FY March2018 1st Half JPY111.13/USD1
Six months ended September30,2016
Six months ended September 30,2017
Comparison Comparison(%)
Net Sales 24,058 25,270 +1,212 +5.0%
Operating
Income 645 889 +244 +37.9%
Profit Attributable to Owners of
Parent 359 844 +485 +135.0%
+1,102
+100
△ 1,451
+612
+308
△ 3
+560
△ 16
+1,212
△ 2,000 0 2,000
Silicon IC
OPTO Ic
RF decvices
SAW
Contract manufacturing
Others
Microwave applications
Microwave tubesand rader components
Total
Net sales according to the product
12,195 13,297
355 456
3,543 2,093
1,637 2,249
3,594 3,902 3
1 1,515 2,075 1,211 1,195 24,058
25,270
0
26,000
17/3 1stHalf 18/3 1stHalf
(million JPY) (million JPY)
3
Satellite communication
Smartphones
Automotive/Industry
645
889
0
500
1,000
1,500 +805 △325
△48 △428
Impact of real sales fluctuation
Analysis of Operating Income
4
(million JPY)
17/3 1stHalf
Depreciation cost
Others Exchange fluctuation
18/3 1stHalf
+240
JPY107.07/USD1 ↓
JPY111.13/USD1
Personnel expenses
5
FY March2017 FY March2018
Comparison
Comparison
(%) Budget Forecast
Net Sales 48,865 52,000 52,000 +3,135 +6.4%
Operating
Income 1,792 2,500 2,500 +708 +39.5%
Profit Attributable to Owners of
Parent 616 2,500 2,500 +1,884 +305.7%
(million JPY)
Outlook of FY March2018 No changes from the outlook announced on April 28,2017
Average exchange rate:FY March2017 JPY108.60/USD1 FY March2018 JPY110.60/USD1 *Expectation
Sales forecast according to the product
24,865 27,665
672 930 6,226
4,190 3,541 4,260
7,486 7,550
4 5 3,302
4,560 2,763 2,840 48,865
52,000
0
10,000
20,000
30,000
40,000
50,000
60,000
17/3 18/3Forecast
+2,799
+257
△ 2,036
+718
+63
+1
+1,257
+76
+3,135
-4,000 -2,000 0 2,000 4,000
Silicon IC
OPTO Ic
RF decvices
SAW
Contract manufacturing
Others
Microwave applications
Microwave tubesand rader components
Total
(million JPY) (million JPY)
6
JPY108.60/USD1
JPY110.60/USD1 (Including exchange differences +355)
Comparison by item Increase and decrease
+1,069
+18
+4
△ 238
△ 255
+3
+410
+450
+1,460
△ 2,000 0 2,000
Silicon IC
OPTO Ic
RF decvices
SAW
Contract manufacturing
Others
Microwave applications
Microwave tubesand rader components
Total
Sales forecast according to the product
13,297 14,368
456 474 2,093
2,097 2,249
2,011
3,902 3,648
1 4 2,075 2,485 1,195
1,645 25,270 26,730
0
27,000
18/3 1stHalf 18/3 2ndHalf Forecast
(million JPY)
(million JPY)
7
Comparison by item
Increase and decrease ( 1stHalf → 2ndHalf )
1,792
2,088
+250 2,500
0
2,500
5,000
Impact of real sales fluctuation
Personnel expenses
Others Exchange fluctuation
Depreciation cost
Analysis of operating Income(The comparison of 1H)
8
(million JPY)
△680
△305 △645
JPY108.60/USD1 ↓
JPY110.60/USD1
17/3 18/3 Forecast
Transition of net sales and operating income
9
(Net Sales:million JPY) (Operating Income :million JPY)
645
1,147
889
1,611
24,058 24,807 25,270 26,730
0
500
1,000
1,500
2,000
2,500
3,000
0
10,000
20,000
30,000
17/3 1stHalf 17/3 2ndHalf 18/3 1stHalf 18/3 2ndHalf
Forecast
Operating Income Net Sales
2,199
1,766
2,214
3,450
2,766
4,100
1,705
2,059
2,170 1,887 1,964
2,270
0
1,000
2,000
3,000
4,000
5,000
13/3 14/3 15/3 16/3 17/3 18/3Forecast
Capital Investment
Depreciation
1,762
1,649
158
463 68
18/3 Forecast
Capital Investment
10
Facility Renewal
Others R&D
Cost down
Production Capability up
(million JPY)
4,100 million yen (43.0%)
(3.9%)
(40.2%)
(11.3%) (1.6%)
Strategy for more Growth
11
Expand the baseline products and launch new businesses
Expand In-automotive and Industrial
Cost down to maintain our share
Existing Product Line
40,272
36,417
42,080 45,220
47,816 48,865 52,000
0
10,000
20,000
30,000
40,000
50,000
60,000
12/3 13/3 14/3 15/3 16/3 17/3 18/3Forecast
Microwave device
External sales ofsubsidiary
Others
Communication
Industrial
Automotive
Audio/Video
12
Trends in net sales of customer application (Consolidated)
MarkLines
(million JPY)
Trends in net sales of “Forword” products
13
0
5,000
10,000
15,000
13/3 14/3 15/3 16/3 17/3 Forecast Initial plan
18/3
SAW
MEMS
Other electronic device products
Microwave device
(million JPY)
Trends in net sales of automotive and industrial products (Including wireless communications device division)
0
5,000
10,000
15,000
20,000
13/3 14/3 15/3 16/3 17/3 18/3Forecast
Others
Power supply IC
Operational Amplifier/Comparator
Smartkey(SAW)
Communications(GaAsICs)
Foundry
ECU ※
Navigation
14
(million JPY)
MarkLines
Wireless Communications Device Division
※ECU : Electronic Control Unit
Automotive
Industrial
Trends in net sales of automotive products (Including wireless communications device division)
0
5,000
10,000
15,000
13/3 14/3 15/3 16/3 17/3 18/3Forecast
Smartkey(SAW)
Communications(GaAsICs)Foundry
ECU ※
Navigation
15
(million JPY)
MarkLines
Wireless Communications Device Division
※ECU : Electronic Control Unit
By Application
Power Control Unit NJW4***
Navigation system NJW4184/4185/4186 NJW4119 NJW4131/32 NJW4128/4152/4154/4155 NJW4196
Compressors NJW4***
Meter panel NJW4188/11 NJW4140/28 NJW4381
Headlight control NJW4185
EFI ECU NJW4***
Keyless Entry NJW4184 NJW4113/16
EPS NJW4113 NJW4140
Camera NJW4152 NJW4750
Roof Lamp NJW4615A
Cooler Box NJW4305
Blower Motor NJW4822
Custom design
Std Product
Exhaust Sensors NJW4***
ISS Power NJW4*** PMAP32
16
17
For Power Control Unit of HV system For Collision mitigation brake system of ADAS
For Resolver Drive system For LED Head Light system
By application concerning EV
MARKLINES
AFE(Analog Front End)
18
Sensor Op amp ADC Analog to Digital Converter
MCU Micro Controll er Unit
Amplification Digitalization Signal processing Sensing
01010 The flow of electrical signals
Incorporated in one chip
We can make products that included all of these.
Wireless Communications
Device
Transmission
Analog signal・・・ Sound,Light,Movement,Temperature,Pressure,and so on
Industrial products
19
0
2,000
4,000
6,000
13/3 14/3 15/3 16/3 17/3 18/3Forecast
Others
Power supply IC
OperationalAmplifier/Comparator
(million JPY)
※It was reclassified from FY March 2018
Product development of AC Servo
FANUC Corporation
30%
YASKAWA Electric
Corporation 20%
Mitsubishi Electric
17%
Panasonic 15%
Others 18%
Market share of AC Servomotor
Servomotor
Servo amplifier
Use cases of AC Servomotor: Industrial robot
Example of control ・Position ・Speed ・Torque
Command Control Drive・detect
Power supply
Controller Servo amplifier Servomotor
20
Feedback
Current sensor amplifier
Opt IC for Optical rotary encoder(Industrial)
21
Optical rotary encoder is not Influenced by the magnetic field
Opt devices
LED
Lenz
Code wheel
The rotation direction and lever switch of DSC
The position of seat and angle
Flowmeter Gas meters
LiDAR or VR (The position of laser irradiation and angle )
3D Laser radar
100m detection
with NJL5820R
Examples
22
23
-The car will become technologically advanced , for example ADAS and Self-driving and environmental aspects (EV/PHV Hybrid) -From domestic to WW development -Electronic advances in the world -High speed internet
Automotive Wireless communications device Microwave
Responding to change towards 2020
Completed PA(Power Amp),install it in FEM(Front End Module)
24
LNA
SW
Antenna
SAW
PA
RF IC
SAW Filter
Low Noise Amp
Switch
We started to mass production toward Japanese tablets since 2017/9
FE Module SAW+SW/LNA +PA
Resin mold
AU wire
Matching circuit
CMOS Control IC
SMD parts
Epoxy resin substrate
HBT PA MMIC
LPWA(Low Power Wide Area)
25
Spread of IoT devices
By: Ministry of Internal Affairs and Communications Data rate (Mbps)
Low Power Wide Area
Chip,RFmodule Base station Cloud
IoT service Pets monitoring
Water meters
Low Power Wide Area
NB-IoT
IoT device (billion)
Forecast
Mobile network
○GNSS SAW/LNA/FEM ★High-precision positioning・・・Self-driving , DSSS(driving safety support systems) L2/L5/L6 Band
26
FEM corresponding to QZSS “MICHIBIKI”
L5
1176.45MHz
1227.60MHz
1575.42MHz
L2 L1
1278.75MHz
L6Source:qzss.go.jp
SAW LNA
IN OUT
Module (SAW+LNA+SAW)
27
V2X/GPS COLLISION PREVENTION INTER-VEHICLE ROAD-VEHICLE
In development Supplied as chipset *Gray color are other SoC(System on a Chip) vendor’s product
PA
LNA SW
SAW Filter
ANT
Receiver
Transmitter
RFIC
*SAW: Foundry Service Product
V2X (Vehicle to X) Same technology for smartphones
Monocular camera Millimeter wave radar
Pedestrian
Microwave products
28
2,726
3,270
0
500
1,000
1,500
2,000
2,500
3,000
3,500
17/32ndHalf
18/32ndHalf
(million JPY)
Microwave tubes
Microwave applications
+37.3%
△1.3%
Good sales of BUC/LNB for global xpress
29
Equipment for replacement
Ku-band antenna
GX Ka-band antenna
Replacement
Equipment for replacement Antenna ball・Waveguide part
Our BUC/LNB
Since high-speed communication and seamless service area can be realized ,
demand for replacement rapidly increases
0
400
800
1H 2H
Budget Forecast[¥M] Price
Ship for GX devices(for the new)
New
18/3
Up512kbps/Down2Mbps
Each time connected to the other companies multiple satellite
Up5Mbps/Down50Mbps
Always connected to GX dedicated satellite
0
200
400
600
800
1,000
1,200
2016/3 2017/3 BUD 2018/3 Medium-term 2019/3 Medium-term 2020/3 Medium-term
Expansion of fields and applications of sensors [¥M]
New product
Iot set business
Existing product applications
● Vending machine use
Existing product applications
New product
● Biometric sensing For air conditioners Presence detection sensor
● New module
■ Parking lot inventory management ■ Street light ■ Door phone
Iot set business
●Mansion repair , Security sensor
Real rate Real rate JPY 110.00/USD1 JPY110.00/USD1 JPY110.00/USD1
30
Distance measurement
module
Doppler module Doppler module NJR4266
31
Company Management by segment
General purpose
automotive
Industry
IoT
Thank you for your kind attention.
32