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1
Result of Operations for Fiscal Year 2019
(Ended March 31, 2019)
Nihon Dempa Kogyo Co., Ltd.
May 17, 2019 【Note】 Statements made in this presentation with respect to our current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about our future performance. These statements are based on management's assumptions and beliefs in light of information currently available to it. We caution that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. You also should not rely on the belief that it is our obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Risks and uncertainties that might affect us include, but are not limited to, fluctuation of currency exchange rates, overall supply and customer demand in the industry, product development and production capacities, performance of affiliated companies, and other risks and uncertainties.
1.Results for FY2019 2.Initiatives for Growth 3.Outlook for FY2020
2
<Contents>
Presented by Hiromi Katoh,
Representative Director and President
① ② ③ ④=②+③ ④-①
FY2018 Full Year
(exclude temporal factors)
FY2019 Full Year
Outlook as of May 11
FY2019 Full Year Result
Temporal Factors
FY2019 Full Year Result
(exclude temporal factors)
Change from Outlook as of
May 11 (exclude temporal factors)
Net Sales 43,952 44,500 42,498 0 42,498 ▲2,002 Operating Income/ Loss ▲1,347 500 406 ▲1,455 ▲1,049 ▲1,549
Income/ Loss before Tax ▲1,369 300 ▲56 ▲1,455 ▲1,511 ▲1,811
Net Income/ Loss ▲1,586 200 ▲251 ▲1,455 ▲1,706 ▲1,906
Exchange Rate (against U.S. dollar)
¥110.81 ¥105.00 ¥110.69 - - -
Summary of Performance in FY2019
3
(Million yen)
<Temporal factors included in profit/ loss> FY2018 FY2019
Impairment losses 6,515 397
Inventory valuation losses/ disposal losses 1,050
Legal settlement expenses 706
Gain on sales of land use rights and building of subsidiary in China ▲1,852
◆Temporal factors in Operating Income/ Loss 8,271 ▲1,455
Reversal of deferred tax assets etc. 345
◆Temporal factors in Net Income/ Loss 8,616
4
Results for FY2019 : Net Sales
Mobile Communications and IoT Comparison to outlook: ▲¥0.8 billion
Automotive Comparison to outlook: ▲¥1.0 billion
Mobile Communications YoY comparison : ▲¥1.3 billion
5
Results for FY2019 : Profit
Quarterly Results for FY2019
6
*2
*1 Temporal factors are excluded
*1
FY2018 4Q FY2019 4Q
*1 Temporal factors are excluded
7
Results for FY2020 : Sales Trends in Main Applications
1.Results for FY2019 2.Initiatives for Growth 3.Outlook for FY2020
8
<Contents>
Presented by Hiromi Katoh,
Representative Director and President
9
Initiatives for Growth (5G Will Take Off Soon)
Source :NDK Source :TSR
Full-scale 5G-System operations will start in FY2021
Base Stations
Smartphones
IoT
ADAS
Autonomous-
driving
5G
Business opportunities for NDK
10
5G System Significant increase in the amount of information
carried in radio waves
Q
I I I
64QAM 256QAM 1024QAM
I
Q Q Q
【4G】 【 5G_Phase1 / 4G_Advance】
【 5G_Phase2 / IEEE802.11ax】
Initiatives for Growth (Requirement Level Rises)
NDK will respond to the rising requirement level
with all its technological strength
When the code
(information)
gets nearer
Becomes
sensitive due to
noise
●In response to needs for low noise and
high frequency crystal units,
11
Initiatives for Growth (Integrated Production of Crystals Devices)
High quality synthetic
quartz crystal Plane-parallel
wafer
Microfabrication
technology
Ultra-miniature
crystal units
5G system requires higher frequency
Manufacture “high quality
synthetic quartz crystal” in-house
NDK’s integrated production system from high quality gemstones to crystal oscillators offers significant advantages for 5G systems !
Make the best use of
“photolithographic technology”
12
Initiatives for Growth(Products for 5G)
Differential Output Oscillator
Clear superiority over the performance of MEMS oscillators
Low g Oscillator
NT2016S NT3225S
(*1)
(*1)
Vibration Sensitivity:
Amount of frequency change per 1G
(acceleration of gravity).
The smaller the figure is, the influence
of the vibration reduce.
MEMS Oscillator
Crystal Oscillator
Small Cell Station
Macro Base
Station
Core Network
Distributer Unit 5G-RRU
Distributer Unit 5G-RRU
Backhaul
Center Unit
Fronthaul
Optical Fiber
Initiatives for Growth (5G Base Stations)
Volume of small cells will increase
Usage for 5G will grow from 2020
Begins to be introduced in cities in Japan, South
Korea, US and China
Small Cell Station
Macro Base
Station
Core Network
Distributer Unit 5G-RRU
Distributer Unit 5G-RRU
Backhaul
Center Unit
Fronthaul
Initiatives for Growth (Products for 5G Base Stations)
【DU】 Low noise/high quality oscillators /high temperature
◆High quality TCXO(100ppb/95℃) -
Demand for smaller and higher quality oscillators ◆9×7mmOCXO
【Macro/Small Cell ・CU】 Reference clock : High quality oscillators Holdover:±1.5μsec
◆25×22mm OCXO
Optical Fiber
15
Initiatives for Growth (5G Smartphones, IoT)
Logistic tracker
Blood Glucose Level Monitor Measure blood glucose in real time for 24 hours
16
Needs for security are increasing such as anti relay attack
Initiatives for Growth(Automotive)
TPMS Keyless system/ Smart key
Camera
Rader
LiDAR
GPS
Autonomous driving
V2X
Applications for crystals will expand
① ②
③ ④
17
Synthesizers Outgas Sensors
Developed jointly with JAXA for space applications ⇒ Resin/ solvent manufacturers
Ultrasonic
Medical Care Nursing
Initiatives for Growth (Synthesizers, Sensors)
Down Converter
For special applications and satellite station
For inspection of automotive radar
■Sayama⇒Factories in Japan
Sayama⇒Hakodate(Small mass-production products)
Sayama⇒Furukawa(Crystal oscillators for industrial use)
Sayama⇒Niigata(Crystal filters)
■Factories in Japan⇒Factories abroad
Furukawa⇒Malaysia
(Tuning fork type crystal units)
18
Initiatives for Growth (Restructure of Production System)
Malaysia
Japan
1.Results for FY2019 2.Initiatives for Growth 3.Outlook for FY2020
19
<Contents>
Presented by Hiromi Katoh,
Representative Director and President
20
Outlook for FY2020 : Net Sales
+0.6 billion
▲0.8 billion
21
Outlook for FY2020 : Profit
22
Outlook for FY2020 : Full Year
Million Yen FY2019 Full Year Results
FY2020 Full Year Outlook
FY2020 1st half Outlook
FY2020 2nd half Outlook
Net Sales 42,498 42,500 20,300 22,200
Operating Income/ Loss
406 600 ▲500 1,100
Income/ Loss before Tax
▲56 200 ▲650 850
Net Income/ Loss
▲251 100 ▲700 800
Exchange Rate (against U.S. dollar)
110.69 107.00 107.00 107.00
Capital Investment : FY2019(Actual) ¥2,376million⇒FY2020(Outlook) ¥1,700million
R&D Expenses : FY2019(Actual) ¥1,884million⇒FY2020(Outlook) ¥1,800million
<Reference>
Influence on Net Sales (annual): ¥1 fluctuation⇒approx. ¥200 million
Influence on Operating Income (annual):¥1 fluctuation⇒approx. ¥50 million
23
Target for Medium-Term
24
For investor relations related inquiries, please contact:
Corporate Planning Group
Nihon Dempa Kogyo Co., Ltd. E-mail: [email protected]
We look forward to your continuing support in the years ahead.
Thank you