Latest Annual Results and Plan

FY2019 Results (U.S. GAAP)

  • Full-year results substantially higher than Q3 revised forecast. GP margin improved despite lower sales and profits Y/Y

(¥bn)

  (1) FY2019
Fcst (Jan)
(2) FY2019
Actual
(2)/(1) FY2018
Actual
Y/Y
Net Sales 670.0 678.0 +1.2% 732.6 -7.5%
Gross Profit
(%)
298.0
(44.5%)
303.7
(44.8%)
+1.9%
(0.3Pt)
325.5
(44.4%)
-6.7%
(+0.4Pt)
Operating Income
(%)
45.0
(6.7%)
54.8
(8.1%)
+21.7%
(+1.4Pt)
67.3
(9.2%)
-18.6%
(-1.1Pt)
Net Income from continuing operations 30.0 39.6 +32.0% 47.3 -16.3%
Net Income from discontinued operations 36.5 35.7 -2.1% 7.7 +463.6%
Net Income
Attributable to
Shareholders
66.0 74.9 +13.5% 54.3 +37.9%
1USD (JPY) 108.0 109.1 +1.1 110.7 -1.6
1EUR (JPY) 120.3 121.2 +0.9 128.8 -7.6
1RMB (JPY) 15.5 15.7 +0.2 16.5 -0.8

Note: In conncection with the classification of AEC as a discontinued operation, earnings data have been reclassified.

FY2020 Plan

  • Expect to maintain FY2019 GP margin level and achieve \30bn in operating income despite Y/Y sales and profit decline

(¥bn)

  FY2019
Actual
FY2020
Plan
Y/Y
Net Sales 678.0 590.0 -13.0%
Gross Profit(%) 303.7
(44.8%)
264.5
(44.8%)
-12.9%
(+0.0Pt)
Operating Income
(%)
54.8
(8.1%)
30.0
(5.1%)
-45.2%
(-3.0Pt)
Net Income
Attributable to
Shareholders
39.2 16.5 -57.9%
1USD (JPY) 109.1 106.5 -2.6
1EUR (JPY) 121.2 119.6 -1.6
1RMB (JPY) 15.7 15.0 -0.7

Note:FY2019 Net Income excludes Net Income from Discontinued Operations (AEC profits and gains on sale of AEC business).
If Net Income from Discontinued Operations are included, FY2019 Net Income is ¥74.9 bn

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