1 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved. FY 2017 ending Dec. 2017 First Quarter Financial Results Security code: 6640 May 17, 2017 Dai-ichi Seiko Co., Ltd.
1 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
FY 2017 ending Dec. 2017
First Quarter
Financial Results
Security code: 6640
May 17, 2017
Dai-ichi Seiko Co., Ltd.
2 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Trade Name Dai-ichi Seiko Co., Ltd.
Founded July 10, 1963 (Fiscal year end in December )
Stock Exchange
Listings The Tokyo Stock Exchange First section, stock code: 6640
Paid-in-capital 8,522 million yen
Issued Share 16,722,800 shares
Business
Ⅰ. Connectors & Electronics Components Business
Ⅱ. Automotive Electronics & Associated Components Business
Ⅲ. Semiconductor Mfg. Equipment and Other Business
Board President: KONISHI Hideki, 8 Other Directors (1 External Directors), 3 Audit and Supervisory Committee Member (3 External Statutory Auditors)
Stockholders Holding Company: 43.05%, Employee Holding Association: 4.17%, The Master Trust Bank of Japan, Ltd.: 3.82%, KONISHI Hideki: 2.97%, CBNY DFA INTL SMALL CAP VALUE PORTFOLIO 1.68% (As of Dec. 31, 2016)
Head Office Kyoto-City, JAPAN
Plants in Japan 6 places (3 in Fukuoka, 1 in Yamanashi, 1 in Kyoto , 1 in Shimane)
Overseas Plants 11 places (2 in Singapore, 1 in Indonesia, 2 in Malaysia, 1 in Philippines, 1 in Thailand,
2 in China, 1 in Vietnam and 1 in U.S.A.)
Subsidiaries
Matsue Dai-ichi Seiko Co., Ltd. (100% share),
DJ Precision Co., Ltd. (70% share, 30% shared by JAE Co., Ltd.), IGM TECH SDN. BHD. (51% share)
16 overseas companies (100% share),
No. of Employees 5,826 (1,930 in Japan and 3,896 in Overseas) Compared with Dec. 31, 2016, our employees increased 22 in Japan and decreased 128 in overseas.
■ Corporate Overview as of Mar. 2017
3 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Million yen FY2016
(Jan.-Mar.)
FY2017
(Jan.-Mar.) Amount Change
Sales 10,935 11,872 + 937 + 8.6%
Gross Profit 2,790 3,395 + 605 + 21.7%
Operating Income △ 240 419 + 659 -
Ordinary Income △ 726 48 +774 -
Net Income Attributable to
Owners of Parent △ 763 △ 89 + 674 -
✔ Sales grew in all business.
✔ All income items grew.
◆ Connector business: growth of newly developed connector, etc. increased sales. Especially, sales of newly developed
full shield connectors with noise countermeasure function significantly grew.
◆ Automotive business: in addition to continued steady market acceptance of automobiles, development of automotive
electronics contributed to a mostly steady growth in sensor sales, and more adoption by different types of vehicles
contributed to a continued growth in automobile connectors.
◆ Semiconductor equipment business: there were signs of recovery in demand for capital expenditures for automotive
semiconductors and power semiconductors used in consumer products, by major customers such as semiconductor manufacturers. Therefore, sales of molding machines and molds grew.
◆ All income items significantly grew YoY as gross profit rose and operating income significantly improved thanks to the
increase in sales, although foreign exchange losses were incurred.
■ FY2017 1Q Consolidated Financial Highlights
4 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Million yen FY2016
(Jan.-Mar.) Ratio
FY2017
(Jan.-Mar.) Ratio
Change
(%)
Sales 10,935 100.0% 11,872 100.0% + 8.6%
Cost of Sales 8,145 74.5% 8,476 71.4%
Gross Profit 2,790 25.5% 3,395 28.6% + 21.7%
Selling
Administration
Exps 3,031 27.7% 2,976 25.1%
Operating
Income △ 240 △ 2.2% 419 3.5% -
Non-operating
Income 78 0.7% 16 0.1%
Non-operating
Expense 565 5.2% 387 3.3%
Ordinary
Income △ 726 △ 6.6% 48 0.4% -
Extraordinary
Income - - - -
Extraordinary
Expense - - - -
Net Income
before Tax △ 726 △6.6% 48 0.4% -
Taxation 34 0.3% 142 1.2%
Net Income
Attributable to Non-
controlling Interests 3 0.0% △ 4 0.0%
Net Income
Attributable to
Owners of Parent △ 763 △ 7.0% △ 89 △ 0.7% -
No. of Employees
5,702 5,826
✔ Higher connector division sales significantly improved gross
margin ratio and pushed up all income items.
✔ Especially, the impact of the growth in income due to
higher sales of newly developed full shield connectors
made a particularly large contribution to improving gross
profit.
✔ Overall gross margin ratio significantly improved by 3.1
points to 28.6% YoY.
✔ SG&A expenses were slightly reduced due to a decrease
in sales commissions, etc. As a result, the gross profit
increased, and operating income significantly increased. ✔ Ordinary income significantly improved YoY, although
foreign exchange losses of 368 million yen were incurred. ✔ Net income significantly improved YoY, although it was
negative due to the increase in tax accompanying the
increase in incomes.
Gross Margin Ratio: 28.6%
Operating Income: 419 million yen
< Depreciation > ( Million yen )
Growth in sales and incomes of connectors
largely impacted performance.
FY2016 1Q (Jan.-Mar.)
Actual
FY2017 1Q (Jan.-Mar.)
Actual
FY2016 (Jan.-Dec.)
Actual
FY2017 (Jan.-Dec.)
Plan
1,143 1,213 5,477 5,500
■ FY2017 1Q Consolidated Statements of Income
5 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
324 344 488 467 557
4,714 4,248 4,502 4,510 4,733
5,897 6,556 6,759 7,025 6,582
1Q 2Q 3Q 4Q 1Q
Connectors and Electronics Components
Automotive Components
Semicon Equip. and others
11,872 (Million yen)
11,148 10,935
11,749 12,002 ✔ Connector & Electronics: showed recovery trend
compared with the previous 1Q when the sales
were sluggish, making a good start for the current fiscal year.
✔ Automotive Components: sensors and connectors
remained firm.
✔ Semiconductor Equipment & Others: equipment
orders are recovering due to the revitalization of the entire semiconductor market.
Sales grew YoY thanks to the
recovery in orders for connectors.
Million yen FY2016
(Jan.-Mar.)
FY2017
(Jan.-Mar.)
Change
(%)
Connectors & Electronics
5,897 6,582 +11.6%
Automotive Components
4,714 4,733 +0.4%
Semicon Equip.
& others
324 557 +71.9%
Total 10,935 11,872 +8.6%
■ FY2017 1Q Sales per Segment
FY2016 FY2016 FY2016 FY2016 FY2017
6 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
26.9% 26.4%
29.4% 31.1%
32.2%
24.3% 24.1%
24.3% 24.3% 24.6% 25.5% 25.3%
26.9% 27.9% 28.6%
1Q 2Q 3Q 4Q 1Q
Connectors and Electronics Components Automotive Components Total
Million yen
FY2016
(Jan.-Mar.)
FY2017
(Jan.-Mar.) Change
(%) Amount Ratio Amount Ratio
Connectors & Electronics
1,589 26.9% 2,119 32.2% +530
Automotive Components
1,146 24.3% 1,164 24.6% +18
Semicon Equip. & others
55 17.0% 112 20.1% +57
Total 2,790 25.5% 3,395 28.6% +605
Gross margin ratio has recovered further as the factory
utilization rate increased because of increase in
connector sales due to a recovery in orders
particularly in March.
Sales remained steady due to strong automobile sales,
and the gross margin ratio was also improved slightly.
Connectors and Electronics Components
Automotive Components
Gross Margin Ratio / Two Main Businesses and Company Total
■ FY2017 1Q Gross Profit per Segment
FY2016 FY2016 FY2016 FY2016 FY2017
7 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
314 402 313 284 263
1,007 991 944 998 1,126
620 846 1,096
1,457 1,283
1,590
1,769 1,814
1,740 1,695
2,366
2,548 2,592
2,546 2,215
1Q 2Q 3Q 4Q 1Q
Others HDD Components FPC/FFC etc
Micro-Coax Connectors RF Coax Connectors
【Sales by products】
Sales increased by 11% YoY thanks to growth of new items and recovery of
micro-coax connectors.
6,556
5,897
(Million yen)
✔ Sales of micro-coax connectors mainly for
PC panels were recovered. ✔ Sales of newly developed Board to Board
connectors significantly grew and doubled YoY. ✔ HDD components sales for servers and
game consoles were favorable.
Million yen FY2016
(Jan.-Mar.)
FY2017
(Jan.-Mar.)
Change
(%)
RF Coax
Connectors 2,366 2,215 △6.4%
Micro-Coax
Connectors 1,590 1,695 +6.6%
FPC/FFC
Board to Board 620 1,283 +106.9%
HDD
Components 1,007 1,126 +11.8%
Others 314 263 △16.2%
Total 5,897 6,582 +11.6%
6,759 7,025
6,582
■ FY2017 1Q Connectors & Electronics Components
FY2016 FY2016 FY2016 FY2016 FY2017
8 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
40%
27%
12%
17%
4%
221 303 313 284 263
1,007 991 944 998 1,126
728 1,007 1,010 984 874
1,575
1,707 1,900 2,213 2,104
2,366
2,548 2,592
2,546 2,215
1Q 2Q 3Q 4Q 1Q
Others HDD Components DA etc PC W/less Network
34%
32%
13%
17%
4%
FY2017 1Q
【 Component Ratio 】
W/less
Network
PC
HDD
DA & Smartphone
【 Sales by Applications 】
5,897
Million yen FY2016
(Jan.-Mar.)
FY2017
(Jan.-Mar.)
Change
(%)
W/less Network 2,366 2,215 △6.4%
PC 1,575 2,104 +33.6%
DA, Smart
Phone 728 874 +20.1%
HDD
Components 1,007 1,126 +11.8%
Others 221 263 +19.0%
Total 5,897 6,582 +11.6%
(Million yen)
6,556 6,759
7,025 6,582
■ FY2017 1Q Connectors & Electronics Components
FY2016 1Q
FY2016 FY2016 FY2016 FY2016 FY2017
9 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
606 555 430 403 452
820 895 1,118 1,072 1,278
3,288 2,798
2,954 3,035
3,003
1Q 2Q 3Q 4Q 1Q
Associated Components Electronics Automotive sensors
【Sales by products】
Sales of automotive components
business remained at a high level. (Million yen)
4,714 4,510
4,733
4,248 4,502
✔ Angle sensors and pressure sensors
remained in full production to fill orders from customers.
✔ Own brand connectors increased 1.7
times YoY. As for the electronics parts, internally-
developed SMT connectors for LED headlights grew.
Million yen FY2016
(Jan.-Mar.)
FY2017
(Jan.-Mar.)
Change
(%)
Automotive
Sensors 3,288 3,003 △8.7%
Electronics Parts
(Own Brand)
820 (411)
1,278 (704)
+55.9% (+71.3%)
Associated
Components 606 452 △25.4%
Total 4,714 4,733 +0.4%
(411) (477) (482) (461) (704)
( )Own brand connectors
■ FY2017 1Q Automotive Components
FY2016 FY2016 FY2016 FY2016 FY2017
10 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Million yen FY2016
4Q FY2017
1Q Change
Current Assets 31,094 30,241 △ 853
Cash & Deposit 11,111 11,397 + 286
Notes & Accounts Receivable
10,665 9,615 △ 1,050
Inventories 8,131 8,233 + 102
Fixed Assets 28,081 28,161 + 80
Tangible Fixed Assets
26,710 26,829 + 119
Intangible Fixed Assets
378 357 △ 21
Investments and Other Assets
992 974 △ 18
Total Assets 59,175 58,403 △ 772
Million yen FY2016
4Q FY2017
1Q Change
Current Liabilities 9,112 8,095 △ 1,017
Notes & Accounts Payable
2,378 2,124 △ 254
Short-term Debt 3,250 2,491 △ 759
Long-term Liabilities
5,381 6,175 + 794
Long-term Debt 3,033 3,777 + 744
Total Liabilities 14,494 14,270 △ 224
Shareholders’ Equity
44,199 43,942 △ 257
Total Net Assets 44,681 44,133 △ 548
Total Liabilities & Net Assets
59,175 58,403 △ 772
Our interest-bearing debt & bonds decreased by 15
million yen versus FY2016 as planned.
Equity Ratio: 75.3% (FY2016) ⇒ 75.4%
Turnover
Period
(Unit:month)
FY2016 4Q
FY2017 1Q Change
Accounts
Receivable 2.29 2.43 +0.14
Inventories 2.88 2.91 +0.03
■ FY2017 1Q Consolidated Balance Sheet
Extremely healthy condition with over 70% equity ratio has been maintained!
Acquisition of fixed assets: 1,523 million yen
Favorable turnover periods of accounts receivable
and inventories have been continuously maintained.
【 Assets 】 【 Total Liabilities & Net Assets 】
11 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Million yen
FY2016 FY2017
Full-year Actual
Ratio 1Q
Actual Ratio
1H Plan
Ratio Full-year
Plan Ratio
Sales 45,834 100.0% 11,872 100.0% 23,400 100.0% 50,000 100.0%
Connectors & Electronics Components
26,237 57.2% 6,582 55.4% 13,100 56.0% 28,800 57.6%
Automotive Components
17,974 39.2% 4,733 39.9% 9,300 39.7% 18,900 37.8%
Semiconductor Mfg equipment &
Others
1,623 3.5% 557 4.7% 1,000 4.3% 2,300 4.6%
Gross Profit 12,116 26.4% 3,395 28.6% 6,338 27.1% 14,293 28.6%
Overhead Expenses
11,715 25.6% 2,976 25.1% 5,988 25.6% 12,293 24.6%
Operating Income
401 0.9% 419 3.5% 350 1.5% 2,000 4.0%
Ordinary Income 800 1.7% 48 0.4% 550 2.4% 2,200 4.4%
Net Income Attributable to Owners of Parent
157 0.3% △ 89 △ 0.7% 320 1.4% 1,500 3.0%
Dividends per Share
15 5 15
■ FY2017 Plan Brief Overview of Consolidated Business Budget for FY2017
12 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Business Strategies for FY2017
■ FY2017 Plan Business Strategies
① Connectors & Electronics
Pursue high-speed transmission technologies to
create highly value-added business.
② Automotive Electronics & Associated Components
Focus resources on this sector to expand
automotive business.
③ New Business
Catch new business opportunities and create more
“DANTOTSU” (Outstanding) products.
13 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
✔ 1.7 times YoY. Increase the use of connectors that prevent high
frequency noises in PCs and mobile phones.
・ Used in new smartphone models made in Korea
and China. ・ Target new applications involving IoT.
・ Expand sales of full shield connectors for PCs.
・ Target new applications involving robots,
medical equipment and other products.
1,313 1,300
3,940 4,000
6,913 6,500
10,052 10,000
4,019 7,000
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
16/12期 17/12期
FY2017 Full-year plan
・ Start using a new business model.
Establish a company “IGM TECH”.
1,313
NOVASTACK®35-HDP
Micro-Coax Connectors
■ FY2017 Plan Connectors & Electronics Components
28,800
26,033
FY2016 Actual
4,019
6,913
10,052
3,940
26,237 Board to Board Connectors
High-frequency interference prevention connectors
CABLINE®-CAⅡ
✔ 新規ビジネス本格供給開始
エストルク/産業用ロボットに採用
Pursue high-speed transmission technologies to create highly value-added
business.
RF Coax Connectors
Micro-Coax Connectors
FPC/FFC
Board to Board etc.
HDD Components
(Million yen)
14 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
✔ Focus on expanding sales of
connectors for PCs.
Increase sales of micro-coax connectors and full
shield Board to Board connectors as one of the
strategic products.
1,313 263 500 1,300
3,940
1,126 1,900
4,000
4,019
1,283
3,000
7,000
6,913
1,695
3,200
6,500
10,052
2,215
4,500
10,000
Full-year Actual 1Q Actual 1H Plan Full-year Plan
Others HDD Components
FPC/FFC etc Micro-Coax Connectors
RF Coax Connectors
Million yen 1Q
Actual
1H
Plan Progress rate
(%)
RF Coax
Connectors 2,215 4,500 49.2%
Micro-Coax Connectors 1,695 3,200 53.0%
FPC/FFC
Board to Board 1,283 3,000 42.8%
HDD
Components 1,126 1,900 59.3%
Other 263 500 52.6%
Total 6,582 13,100 50.2%
13,100
26,237
6,582
28,800
■ FY2017 Plan Connectors & Electronics Components
【 Sales by Products 】
✔ Create highly value-added business.
Promote a differentiation strategy by using high-speed
transmission technology.
(Million yen)
FY2016 FY2017 FY2017 FY2017
15 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
39%
28%
14%
15%
4%
1,121 263 500 1,300
3,940
1,126 1,900
4,000
3,729
874
2,100
4,800
7,395
2,104
4,100
8,700
10,052
2,215
4,500
10,000
Full-year Actual 1Q Actual 1H Plan Full-year Plan
W/less Network PC
Digital Appliance, Smart Phone HDD Components
Other
Million yen 1Q
Actual
1H
Plan Progress
rate (%)
W/less Network 2,215 4,500 49.2%
PC 2,104 4,100 51.3%
DA, Smart Phone 874 2,100 41.6%
HDD
Components 1,126 1,900 59.3%
Others 263 500 52.6%
Total 6,582 13,100 50.2%
35%
30%
17%
14%
4%
FY2016 FY2017
28,800
26,237
6,582
13,100
HDD W/less
Network
PC
DA &Smartphone
【 Component Ratio 】
■ FY2017 Plan Connectors & Electronics Components
【 Sales by Applications 】
(Million yen)
FY2016 FY2017 FY2017 FY2017
16 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
✔ Orders were received for all
next-model products!
✔ Target 30% YoY increase!
Urgent need to boost production capacity!
1,994 1,600
3,905 5,200
12,075 12,100
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
16/12期 17/12期
■ FY2017 Plan Automotive Components
(Million yen)
Increase sales of our own brand connectors
18,900 17,974
12,075
1,994
3,905
4,019
4,019
Focus resources on this sector for more growth of automotive business.
Existing products are being produced
at full capacity.
・Focus resources → Organizational restructuring
・Increase ability to produce equipment
→ Established the Shanghai Technical Center
・Boost production capacity
→ Planning to enlarge factories in Japan and other countries
FY2017 Full-year
plan FY2016 Actual
【SMT Connector】
【Angle Sensor】 【Pressure Sensor】
Automotive Sensors
Electronics
17 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
・Initiatives for increasing production
capacity. Strengthen production system through
expansion of plants, etc.
・Expand sales of own brand connectors.
Continue to expand sales of connectors for
LED headlights, and continue preparation for
new items.
✔ Sales are expected to remain high in 2Q.
1,994 452 800
1,600
3,905
1,278
2,400
5,200
12,075
3,003
6,100
12,100
Full-year Actual 1Q Actual 1H Plan Full-year Plan
Associated Components Electronics Automotive sensors2
■ FY2017 Plan Automotive Components
(Million yen)
17,974 18,900
9,300
【Sales by Products】
4,733
Million yen 1Q
Actual
1H
Plan
Progress
rate
(%)
Automotive
Sensors 3,003 6,100 49.2%
Electronics Parts
(Own Brand)
1,278 (704)
2,400 (1,200)
53.3% (58.7%)
Associated
Components 452 800 56.5%
Total 4,733 9,300 50.9%
( )Own brand connectors
(1,831) (2,500)
Record-high
FY2016 FY2017 FY2017 FY2017
18 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
1,623
557
1,000
2,300
Full-year Actual 1Q Actual 1H Plan Full-year Plan
■ FY 2017 Plan Semiconductor Mfg. Equipment & Others
【GP-PRO SP170】
【TS-PRO】
Promote sales activities using technology proposals that match customers’ requirements!
FY2016 FY2017 FY2017 FY2017
✔ Expand sales by leveraging strengths as the
market leader. Automatic taping machines for specialty packages.
✔ More progress with ultra-thin molding
technology. Increase sales of encapsulation machinery for thin
packages.
✔ Reinforce sales activities in Asia. Conduct sales activities closely linked with each region and
build stronger ties with agents.
No. 1 Market share Auto Taping System for MAP-QFN
Semiconductor Molding
Machine
Other Related
Equipment
(Million yen)
19 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Full-scale production has started! “Electrostatic Capacitance Torque Sensor” That Realizes Human-Robot Coexistence.
Used in robots made by YASKAWA Electric Corporation.
Industrial robots and people can work in the
same location without safety fences.
ESTORQ will be installed in “Tree”, an assist
robot for walking rehabilitation made by “Reif Co., Ltd.”
To be installed in rehabilitation robots.
【HC10】
■ FY 2017 Plan New Business Introduction ①
Service Medical・Nursing Care
R T
Robot Technology
Manufacture
Key Parts Application Field
*The world’s first ”Electrostatic Capacitance Method”
This sensor is used for robots’ joints to detect and control force to rotate and twist things.
*Based on our survey
20 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ FY 2017 Plan New Business Introduction ②
with 3-Axis Acceleration Sensors Using Piezoelectric Thin Films
First MEMS Device - “Seismic Wave Detectors”
MEMS sensors
“Seismic wave detectors” equipped with 3-Axis Acceleration
MEMS Sensors
21 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ FY 2017 Plan New Business Introduction ③
Second MEMS Device – “The Mirror Device”
This MEMS mirror device reduces the size of the laser scanners that are needed for the
safe operation of self-driving vehicles. This device is also suitable for all other detection
units that use lasers (e.g., virtual keyboard input).
We are now working on using this device to create products for sale in the automobile,
information and communications, environmental, medical, and other industries.
【 Examples of how the MEMS mirror devices can be used 】 Virtual Keyboard Input Laser Scanner
*Image
The Industry’s Smallest Class MEMS Mirror (3.0 mm×4.6 mm) with Piezoelectric Thin Film
22 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ FY 2017 Plan New Business Introduction ④
Third MEMS Device – "High Acceleration Sensor" New MEMS sensor with piezoelectric thin film for automobile crash test!
We have developed a sensor that can detect high acceleration of up to 2,000G. They
are attached to dummies to assess damages during automobile crash tests. Samples
are currently being evaluated by prospective users.
The 2000G Acceleration Sensor
MEMS Sensor
*Image
Acceleration Sensors
23 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ 2017 Plan Capital Expenditures
Continue aggressive capital expenditures in new businesses, etc.
to build a powerful foundation for sustained growth.
1,819
-697 -1,234
1,246 2,355
157
1,500
3,689 5,042 5,208
4,944
5,119
5,477
5,500 4,568
6,490 6,382
5,017
8,826
6,910 7,500
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Hundred million yen
FY2013 Actual
FY2014 Actual
FY2015 Actual
FY2016 Actual
FY2017 Plan
Production M/C 60 43 62 56 60
Expansion of Plants - 4 10 2 5
New Businesses for MEMS, etc. - - 10 6 3
R & D 2 2 2 2 2
Others 1 1 4 3 5
Plan
< for 9 months >
(Million yen) Capital
Expenditures
Depreciation
Net Income
24 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Reference
25 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
(Sales Ratio 55.4%) Connectors & Electronics Components
GP-PRO SP170 TS-PRO GP-PRO sf40
(Sales Ratio 39.9%) Automotive Electronics & Associated Components
■Reference Main Products
MHF® MINIFLEX175-ST CABLINE
®-CAⅡ NOVASTACK
®35-HDP
Note: sales ratios are based on
financial results for 1Q of FY2017.
RAMP
【RF Coax Connectors】 【Micro-Coax Connectors】 【Board to Board Connectors】 【FPC/FFC Connectors】 【HDD Components】
【Sensor】 【 Connector for Automobile】 【Electronics】 【Associated Components】
Angle Sensor Pressure Sensor SMT Connector PCB Connector Control Unit Smart Entry Key Ignition Coil
(Sales Ratio 4.7%) Semiconductor Mfg. Equipment and Others
【Semiconductor Molding Machine】 【Other Related Equipment】 【Peripheral Device for Injection Molding】
Gate Cut Robot
26 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
3,151 1,634 2,057 1,776 1,952 2,201 1,623 2,300
12,523
8,911
13,559 14,920 15,874 17,370 17,974
18,900
31,133
21,175
25,558 24,705
28,715 29,178
26,237 28,800 6,716
3,247
1,042 1,328
3,098 2,344
800
2,200
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
0
10,000
20,000
30,000
40,000
50,000
60,000
FY3/11 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017
Semicon Equip. and others Automotive Components
Connectors and Electronics components Ordinary Income
50,000 46,807
31,720
41,174 41,401
46,541 48,749
45,834
■Reference Transition of Business Performance
Plan
(Million yen)
<for 9 months>
27 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ Reference Business Model ① -No overlap in business process-
● 2004 business integration with I-PEX
● 2006 listed on the JASDAQ securities exchange
● 2011 listed on the first section of the Tokyo Stock Exchange
● 2012 started new connector business organization
● 2012 set up our own automotive connector brand “I-PEX AUTOMOTIVE”
● 2014 started sensor business
Detect and control motions of human-like robots and
auto-assembling machines, etc.
Corporate history
● 1963 started as a precision tooling company
● 1976 started precision plastic molding
● 1979 started overseas operation
● 1980 started semicon mfg. equipment business
● 1982 started integrated production strategy
● 1994 started business with I-PEX
● 2000 started automotive business
Provides mold tooling &
assembly system technology
OEM Subcontractor
Fabless
Design & Sales
OEM
R&D plus Production
No overlap in business process
Fabless connector maker
<2004 ~Business integration>
New connector maker with a strong mold engineering origin.
28 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ Reference Business Model ② -Integrated production system-
(In-house tooling and machinery) (Production of connectors)
(1)Fast R&D
capability
(2)Production system
design + tooling ability (3)Integrated Production Sites
(Design & development
of connectors)
R&D to create the world’s first products
Fast product design
Stamping Mold
Injection Mold
Machines for Injection, Assy., Inspection and Packing
Molding Raw material
Injection
Molding M/C
Mold for plastic parts
Stamping & Plating
Stamping Mold
Stamping Plant Plating Plant
Stamped metal terminals
Plated metal terminals
Molding Plant Plastic Parts Assembly
FAM for Assy.
Completion
Integrated in one company
29 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ Reference Business Model ③ -Source of competitive edge: precision mold-
1.0mm
Super precise mold
Comparison with razor edge
Enlarged
0.25 mm thick
0.25 mm thick
0.3 mm or less fine process
1/1,000 mm precision
Connector mold
Around 200 parts assembled
1.DAI-ICHI SEIKO: ONE and ONLY connector company born as a Mold Origin company.
(1) Final product R&D capability
+ (2) Production system design and Tooling capability + (3) Integrated production sites in Multiple countries
【 Differentiates Dai-ichi Seiko from its competitors 】
● Speedy product supply on the market with our internally-developed products and production facilities.
2.Production Technology company born as a Mold Origin company.
(1) Production system design and Tooling capability + (2) Integrated production sites in multiple countries = Spreads widely across other industries
【 Providing various precision parts and devices targeting customers’ needs 】
● Produce precise molds for various industries by focusing our resources on high value-added products.
Diversified products of parts for automobile and hard disk drive, and equipments for semiconductors.
30 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
■ Reference Dai-ichi Seiko and its Group Companies
Production 19
Sales 12 YAMANASHI PLANT
FUKUOKA OFFICE Ogori Plant DJ Precision
FUKUOKA OFFICE Onojo Plant
FUKUOKA OFFICE Tachiarai Plant
TOKYO SHINAGAWA
OFFICE
OSAKA BRANCH
HEAD OFFICE KYOTO PLANT
SHIZUOKA OFFICE
Matsue Dai-ichi Seiko
TOKYO MACHIDA OFFICE
U.S.A. Alabama Plant
U.S.A. Texas
U.S.A. San Jose
U.S.A. Detroit
Philippines Laguna Plant
China Shanghai Plant 2
China Shanghai Plant 1
FRANCE
China Dong Guan Plant
Thai Plant
Vietnam Plant
KOREA
TAIWAN
SHANGHAI
SINGAPORE
HONG KONG
Singapore Yishun Plant
Indonesia Bintan Plant
Singapore Woodlands Plant
Malaysia Plant
31 (C) Copyright DAI-ICHI SEIKO Co., Ltd. All rights reserved.
Corporate Planning
Phone: + 81.942.75.5264
E-mail: [email protected]
Web: http://www.daiichi-seiko.co.jp
Contact
--- NOTE ---
This is a document for corporate
presentation purposes only and not for
solicitation of investment.
Terms and conditions may change without
prior notice.