IR Information
IR EVENTS Fiscal Year 2005
FY2005 4th Quarter Financial Results
- Financial Results Presentations
- Date
- February 15，2006
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Net sales of the Fourth Quarter of 2005 were up 10.2% from the same term last year to ¥10,317 million attributable to the substantial increase in the revenue of Power Inductor in Legacy despite the declined sales in Inverter, Automotive and Other including sales from Jensen and Stelco along with the business retrenchment in magnetics and OEM production of optical pickups.
Operating profit was up 11.3% year-on-year to ¥926 million and was upheld by the drastic increase in sales of Legacy, improved margin and effective cost reduction in Inverter accompanied by increasing contribution from STELCO. This was despite the rising expenditure on R&D and general overhead in keeping up with the business capacity in addition to the price erosion on Automotive to fastening main customer. Recurring profit was up 52.9% to ¥997 million owing to exchange gain and decreasing investment loss derived from the equity method. Net profit increased from ¥56 million from the same term last year to ¥1,153 million including a special gain from sales of the securities of SAIA Burgess.
| FY2005 | FY2004 | Change | ||||
|---|---|---|---|---|---|---|
| 4th quarterr | 4th quarterr | Amount | % | |||
| Net sales | 10,317 | 100.0% | 9,361 | 100.0% | 956 | 10.2 |
| Operating income | 926 | 9.0% | 832 | 8.9% | 94 | 11.3 |
| Ordinary income | 997 | 9.7% | 652 | 7.0% | 345 | 52.9 |
| lncome before income tax | 1,964 | 19.0% | 220 | 2.3% | 1,744 | 792.7 |
| Net income | 1,153 | 11.2% | 56 | 0.6% | 1,907 | 1,958.9 |
| Capital expenditure | 596 | 444 | 152 | |||
| Depreciation | 456 | 424 | 32 | |||
| Foreign exchange rate (US$) | ¥118 | ¥102 | ||||
Financial Results Materials (Click on a report title to download (PDF format).)
FY2005 3rd Quarter Financial Results
- Financial Results Presentations
- Date
- October 26，2005
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Net sales of the third quarter of 2005 were up 7.4% from the same term last year to ¥10,225 million. The substantial increase in revenue of Inverter and Automotive plus the satisfactory sales growth of Power Inductor in Legacy were the main drivers of income regardless of the decline in magnetics and OEM production of optical pickups as well as others including sales from Jensen and Stelco.
Operating income down 18.4% year-on-year to ¥845 million, explained by the additional costs for intake of machinery and new labour for Legacy and the decrease in sales of Automotive to major European customers derived from the depreciation of Euro with increasing R&D expenses despite the climbing operating profit from Inverter. Ordinary income was down 21.5% to ¥733 million was imputed to the retreat in exchange gain facing the decreasing investment loss from the equity method. Net income decreased 6.4% to ¥590 million and special gain from the investment in securities.
| FY2005 | FY2004 | Change | ||||
|---|---|---|---|---|---|---|
| 3rd quarterr | 3rd quarterr | Amount | % | |||
| Net sales | 10,225 | 100.0% | 9,518 | 100.0% | 707 | 7.4 |
| Operating income | 845 | 8.3% | 1,036 | 10.9% | (191) | (18.4) |
| Ordinary income | 733 | 7.2% | 934 | 9.8% | (201) | (21.5) |
| lncome before income tax | 814 | 8.0% | 876 | 9.2% | (62) | (7.1) |
| Net income | 590 | 5.8% | 631 | 6.6% | (41) | (6.4) |
| Capital expenditure | 710 | 564 | 146 | |||
| Depreciation | 401 | 405 | (4) | |||
| Foreign exchange rate (US$) | ¥113 | ¥110 | ||||
Financial Results Materials (Click on a report title to download (PDF format).)
FY2005 2nd Quarter Financial Results
- Financial Results Presentations
- Date
- August 10，2005
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Net sales of the second quarter of 2004 were up 28.2% from the same term last year to ¥9,179 million. Sales in businesses of magnetics and optical electronics rose slightly to meet demand of customers. Sales in automotive electronics parts recorded a mild growth whereas coils for audiovisual equipment and for information technology and communication equipment increased substantially by almost 30%.
Operating income increased to ¥979 million, up 71.3% over the year-before figure, despite increased loss at electromagnetics division as a result of downsizing and severance payable. The sustainable profit was attributed to declining manufacturing expenses over both ABS and general coils businesses in addition to stringent control over labor costs and manufacturing expenses for optical electronics business. Meanwhile, ordinary income achieved ¥917 million, up 88.0% over the year-before figure, even though the investment loss brought about by the equity method remained unfavorable to the result. Net income of the current term maintained at ¥645 million, 33.9% up from the last term.
| FY2005 | FY2004 | Change | ||||
|---|---|---|---|---|---|---|
| 2nd quarterr | 2nd quarterr | Amount | % | |||
| Net sales | 9,700 | 100.0% | 9,179 | 100.0% | 521 | 5.7 |
| Operating income | 704 | 7.3% | 979 | 10.7% | (275) | (28.1) |
| Ordinary income | 513 | 5.3% | 917 | 10.0% | (404) | (44.1) |
| lncome before income tax | 610 | 6.3% | 904 | 9.8% | (294) | (32.5) |
| Net income | 318 | 3.3% | 645 | 7.0% | (327) | (50.7) |
| Capital expenditure | 1,193 | 391 | 802 | |||
| Depreciation | 386 | 382 | 4 | |||
| Foreign exchange rate (US$) | ¥111 | ¥109 | ||||
Financial Results Materials (Click on a report title to download (PDF format).)
FY2005 1st Quarter Financial Results
- Financial Results Presentations
- Date
- April 26，2005
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Net sales of the First Quarter of 2005 were up 15.1% from the same term last year to ¥9,424 million. Although sales in businesses of magnetics and optical electronics reduced (despite the intake of sales from Jensen and STELCO), the expanding sales in legacy products especially power inductor plus the considerably growing sales in both inverter and automotive electronics parts made remarkably contribution to the sales.
Operating profit reduced to ¥708 million, down 7.3% from the year-before figure. The result was due to the substantial rise of labor cost at our China production for large number of new comers, overtimes, working on Chinese New Year holidays to cope with the sudden demand of power inductors, in addition to the increase of selling and administrative costs following the expanded sales, though the operating profit from Inverter and Automotive increased. Ordinary profit declined 2.3% to ¥610 million resulted from the surge of investment loss from the equity method, improvement on finance income and exchange gain. Net profit dropped 21.2% to ¥374 million and included an extraordinary loss on restructuring expenses.
| FY2005 | FY2004 | Change | ||||
|---|---|---|---|---|---|---|
| 1st quarterr | 1st quarterr | Amount | % | |||
| Net sales | 9,424 | 100.0% | 8,187 | 100.0% | 1,237 | 15.1 |
| Operating income | 708 | 7.5% | 764 | 9.3% | (56) | (7.3) |
| Ordinary income | 610 | 6.5% | 625 | 7.6% | (15) | (2.3) |
| lncome before income tax | 541 | 5.7% | 625 | 7.6% | (84) | (13.5) |
| Net income | 374 | 4.0% | 475 | 5.8% | (101) | (21.2) |
| Capital expenditure | 481 | 304 | 177 | |||
| Depreciation | 364 | 353 | 11 | |||
| Foreign exchange rate (US$) | ¥107 | ¥104 | ||||