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Fiscal Year 2009

FY2009 4th Quarter Financial Results

Financial Results Presentations
Date
February 19，2010
Venue
TSE Arrows

Financial Results Overview

Total consolidated sales for Sumida Group in the 4th quarter of 2009 increased by 18.3% year on year to 12,684 million yen. Due to a solid growth of our sales for consumer electronics and automotive-related industries, sales in the Asia-Pacific business were up 13.3% from last year. Sales for EU business also jumped by 29.0% from last year, where recovery of the sales had been delayed due to the production adjustments of automotive, consumer electronics and industrial components industries. Sales growth in the Environment/Energy business also contributed to the overall sales increase.
In terms of profit, operating income significantly improved from a loss of 745 million yen in the 4th quarter of 2008 to a profit of 869 million yen in 2009 due to continued reduction of raw material costs, savings of labor costs and production overhead by enhancing production efficiency, in addition to cuttings of sales and administrative expenses. Despite business restructuring expenses included in extraordinary loss account, net profit for the 4th quarter of 2009 was positive 165 million yen.

（Unit:Millions of yen）
  FY2009 FY2008 Change
4th quarter 4th quarter Amount %
Net sales 12,684 100% 10,719 100% 1,965 18.3%
Operating income 869 6.9% (745) - 1,614 -
Ordinary income 787 6.2% (2,340) - 3,127 -
lncome before income tax 27 0.2% (5,776) - 5,803 -
Net income 165 1.3% (6,759) - 6,924 -
Capital expenditure 422 896 (474)
Depreciation 750 841 (91)
Foreign exchange rate (US$) ¥90 ¥95  

Financial Results Materials (Click on a report title to download (PDF format).)

FY2009 3rd Quarter Financial Results

Financial Results Presentations
Date
October 30，2009
Venue
Waseda University Nihonbashi Campus

Financial Results Overview

Sales in this 3Q consolidated accounting period for the Sumida Group as a whole were up 22.4% over Q2 results to 12,324 million yen. In our Asia-Pacific business, sales recovered steadily to 6,798 million yen (18.8% over Q2). Also, the addition of Concord Electronics Industries contributed to steady recovery in the environment and energy businesses as well which marked net sales of 1,530 million yen (67.8% over Q2). EU businesses also posted net sales up 16.4% over Q2 to 3,996 million yen.
In terms of profit, Asia-Pacific business results improved due to significant reductions in raw materials prices, and also due to efforts that included curbing labor and indirect manufacturing expenses through streamlined manufacturing operations, and cutting sales, administrative, and research and development expenses.
Furthermore, in addition to solid contributions to profitability from businesses in the environment and energy sectors, profits of EU businesses finally returned to the black to yield operating income of 620 million yen. This marks a return to positive results from the operating loss of 377 million yen recorded at the end of Q2.
However, even though we achieved ordinary income of 137 million yen, interest expenses, foreign exchange losses, business structure improvement expenses and other expenses resulted in a net income loss of 109 million yen for the quarter.

（Unit:Millions of yen）
  FY2009 FY2008 Change
3rd quarter 3rd quarter Amount %
Net sales 12,324 100% 14,701 100% (2,377) (16.2)
Operating income 620 5.0% 819 5.6% (199) (24.3)
Ordinary income 137 1.1% 867 5.9% (730) (84.2)
lncome before income tax 27 0.2% 365 2.5% (338) (92.6)
Net income (109) - 531 3.6% (640) -
Capital expenditure 285 519 (234)
Depreciation 782 833 (51)
Foreign exchange rate (US$) ¥95 ¥107 -

Financial Results Materials (Click on a report title to download (PDF format).)

FY2009 2nd Quarter Financial Results

Financial Results Presentations
Date
August 3，2009
Venue
Waseda University Nihonbashi Campus

Financial Results Overview

Sales in the 2nd quarter consolidated accounting period were down 35.0% year on year to 10,066 million yen.
Although sales in the Asia-Pacific and EU businesses were down year on year, the Asia-Pacific business showed an improvement over the 1st quarter. For the Group as a whole, including sales from the environment and energy businesses, sales were up 1,487 million yen (17.3% increase) from 8,579 million yen in the 1st quarter.
In terms of profit, the Asia-Pacific business and business in the environment/energy sector returned to the black on a quarterly basis, clearing the break-even point thanks to increased sales. However, with a recovery in market conditions delayed throughout Europe, sales in the EU business did not increase much and the return to profitability has not yet been achieved.
We have worked hard to reduce costs such as raw materials and labor, and to reduce expenditure overall. Although these efforts have allowed us to reduce our 1st quarter operating loss of 1,345 million yen by roughly 1,000 million yen, we recorded a 2nd quarter operating loss of 377 million yen.

（Unit:Millions of yen）
  FY2009 FY2008 Change
2nd quarter 2nd quarter Amount %
Net sales 10,066 100.0% 15,479 100.0% 5,413 (35.0)
Operating income (377) - 1,051 6.8% - -
Ordinary income (640) - 517 3.3% - -
lncome before income tax (1,243) - 427 2.8% - -
Net income (994) - (17) - - -
Capital expenditure 124 778 (654)
Depreciation 751 878 (127)
Foreign exchange rate (US$) ¥97.7 ¥106  

Financial Results Materials (Click on a report title to download (PDF format).)

FY2009 1st Quarter Financial Results

Financial Results Presentations
Date
May 14，2009
Venue
Waseda University Nihonbashi Campus

Financial Results Overview

Business Results
Although environment and energy businesses were added by EIWA and MOSTEC to the Sumida Group, the downturn in the magnetics, inverter, and automotive sectors caused sales in the Asia-Pacific business to fall dramatically. In addition, production adjustments by customers in primarily the automotive devices sector caused the EU business to fall by half. As a result of these factors, sales fell 42.2% year on year to 8,579 million yen.
In terms of profit, although costs for materials and labor fell and we implemented cost-cutting measures in R&D, sales, and management, reduced revenue in the magnetics and automotive sectors, for products such as power solutions, power inductors, and signals, caused profits in our main Asia-Pacific business to fall dramatically. With the EU business and business in the environment/energy sector also forced into the red, operating income overall fell from a profit of 1,042 million yen for the same quarter last year to a loss of 1,345 million yen. Although non-operating income benefited from foreign exchange gains, current profits fell year on year from a profit of 810 million yen to a loss of 1,057 million yen. Net profit for the quarter fell year on year from a loss of 502 million yen to a loss of 1,071 million yen.

（Unit:Millions of yen）
  FY2009 FY2008 Change
1st quarter 1st quarter Amount %
Net sales 8,579 100.0% 14,835 100.0% (6,256) (42.2)
Operating income (1,345) - 1,042 7.0% - -
Ordinary income (1,057) - 810 5.5% - -
lncome before income tax (1,176) - 754 5.1% - -
Net income (1,071) - 502 3.4% - -
Capital expenditure 269 771 (502)
Depreciation 752 810 (58)
Foreign exchange rate (US$) ¥91 ¥105  

Financial Results Materials (Click on a report title to download (PDF format).)

Links to related information

Financial Results
Fiscal Year 2009（Financial Results）
Annual General Meeting of Shareholders
55th Annual General Meeting of Shareholders
Information regarding the 55th Annual General Meeting of Shareholders