Fncil Highlights 12-month period ended Mr.31,2010 (Fiscl 2009) http://www.hitchi-metls.co.jp E-Mil:hmir@hitchi-metls.co.jp Notes: signs hed figures men mus.
Fiscl 2009 Permnce Overview em em Trends Trends The The umobile-relted umobile-relted field field ws ws lckluster lckluster erly erly 1Q, 1Q, but but showed showed distct distct recovery recovery through through ltter ltter hlf hlf 3Q, 3Q, trended trended upwrd upwrd on on volume volume bsis. bsis. Electronics-relted Electronics-relted dem dem ws ws stedy stedy on on bck bck contued contued robust robust dem dem Ls Ls semiconducrs, semiconducrs, prticulrly prticulrly si. si. In In dustril dustril frstructure frstructure field, field, cert cert products products F F entered entered recovery recovery trend, trend, despite despite lgerg lgerg effects effects cutbcks cutbcks cpitl cpitl vestment. vestment. 431.7 431.7 (73% (73% umobile-relted umobile-relted dem dem ws ws slow slow recover, recover, mkg mkg ecsts ecsts somewht somewht difficult difficult come come 13.3 13.3 ( 1.8 ( 1.8 The The effect effect cuttg cuttg 36.4 36.4 effect effect cresed cresed volume volume opertions opertions led led improvement improvement over over itil itil estimtes estimtes by by Segment Segment High-Grde High-Grde Metl Metl Products Products Mterils: Mterils: 194.0 194.0 (73% (73% come come 6.4 6.4 (+ (+ 0.7 0.7 lthough lthough ol ol steels steels rolls rolls felt felt impct impct venry venry djustments, djustments, lloys lloys electronic electronic products products cludg cludg L L semiconducrs semiconducrs robust. robust. Erngs Erngs cresed cresed s s result result cuttg. cuttg. Electronics Electronics evices: evices: 102.9 102.9 (75% (75% come come 6.3 6.3 ( 3.0 ( 3.0 Permnent Permnent mgnet mgnet firm firm both both household household pplince pplince umotive umotive secrs, secrs, lthough lthough morphous morphous metls metls fell fell s s dem dem hese hese mrket mrket cme cme ststill. ststill. Overll, Overll, erngs erngs cresed. cresed. High-Grde High-Grde Functionl Functionl omponents omponents Equipment: Equipment: 141.6 141.6 (75% (75% come come 4.7 4.7 (+ 0.5 (+ 0.5 million million Pipg Pipg components components felt felt impct impct ongog ongog restred restred vestments vestments Jpn, Jpn, while while cstg cstg components components umobiles umobiles robust robust overses overses mrkets. mrkets. Erngs Erngs cresed cresed s s result result cuttg. cuttg. Or Or pitl pitl vestments vestments 16.5 16.5 27.3 27.3,, eprecition eprecition s s 30.5 30.5 1.3 1.3,, R& R& expenses expenses 10.6 10.6 2.5 2.5,, Invenries Invenries down down 15.3 15.3 Mrch Mrch 31, 31, 2009 2009 (end (end 9/2008: 9/2008: 130.2 130.2 end end 3/2009: 3/2009: 100.0 100.0 end end 3/2010: 3/2010: 84.7 84.7 ), ), Free Free csh csh flows flows 35.5 35.5 40.1 40.1
Highlights 1H Fiscl 2007 Fiscl 2008 Fiscl 2009 Fiscl 2010 2H Full Yer 1H 2H Full Yer 1H 3,463 3,548 7,011 3,537 2,370 5,907 1,953 (55%) come bee come txes 266 331 597 297 146 151 35 ( 332) 244 270 514 297 299 2 87 ( 384) come 126 144 270 153 183 30 57 ( 210) pitl vestment eprecition s 258 235 493 197 241 438 86 ( 111) 140 154 294 153 165 318 149 ( 4) R& expenses 67 66 133 67 64 131 50 ( 17) 2H 2,364 (100%) 168 (+314) 144 (+443) 78 (+261) 79 ( 162) 156 ( 9) 56 ( 8) Full Yer 4,317 (73%) 133 ( 18) 57 (+59) 19 (+49) 165 ( 273) 305 ( 13) 106 ( 25) 100 million, ( ): yer-on-yer 1H (Est.) 2,430 (124%) 154 (+189) 127 (+214) 64 (+121) 110 (+25) 140 ( 9) 65 (+15) Full Yer (Est.) 5,000 (116%) 330 ( +197) 270 (+213) 140 (+121) 230 (+65) 290 ( 15) 130 (+24)
FY09 onsolidted by Segment 431.7 (73% High-Grde Metl Products Mterils 194.0 (73% High-Grde Metl Products Mterils 194.0 (73% Electronics evices 102.9 (75% Electronics evices 102.9 (75% High-Grde Functionl omponents Equipment 141.6 (75% High-Grde Functionl omponents Equipment 141.6 (75% *Recent onditions *Recent onditions High-Grde Metl Products Mterils High-Grde Metl Products Mterils Specilty steel lloys electronic products contued see robust both semiconducrs L Specilty steel lloys electronic products contued see robust both semiconducrs L use. Tool steels sw stedy recovery with elimtion distribution sck bsed on rel dem. use. Tool steels sw stedy recovery with elimtion distribution sck bsed on rel dem. em rolls hd contued decle due impct venry djustments, but rebounded 4Q. em rolls hd contued decle due impct venry djustments, but rebounded 4Q. Electronics evices Electronics evices Permnent mgnet firm P household pplince secr, while relted Permnent mgnet firm P household pplince secr, while relted environmentl countermesures, primrily EPS umobiles, held stedy. F-relted improved environmentl countermesures, primrily EPS umobiles, held stedy. F-relted improved grdully. mtion systems components decled on impct fcrs such s grdully. mtion systems components decled on impct fcrs such s pprecition yen. morphous metls (st mgnetic mterils) cme ststill s dem pprecition yen. morphous metls (st mgnetic mterils) cme ststill s dem hese mrket fell, but commenced new mrkets. hese mrket fell, but commenced new mrkets. High-Grde Functionl omponents Equipment High-Grde Functionl omponents Equipment In cstg components umobiles, ductile iron products robust, primrily United In cstg components umobiles, ductile iron products robust, primrily United Sttes, production volume Jpn, United Sttes South Kore surpssed ecsts. Sttes, production volume Jpn, United Sttes South Kore surpssed ecsts. HERUNE HERUNE cresed, mly Europe. lumum wheels contued be robust both Jpn cresed, mly Europe. lumum wheels contued be robust both Jpn United Sttes. em pipg components contued slump due effects cutbcks United Sttes. em pipg components contued slump due effects cutbcks cpitl vestment. cpitl vestment. 13.3 1.8 High-Grde Metl Products Mterils 6.4 0.7 High-Grde Metl Products Mterils 6.4 0.7 Electronics evices 6.3 3.0 Electronics evices 6.3 3.0 High-Grde Functionl omponents Equipment 4.7 0.5 High-Grde Functionl omponents Equipment 4.7 0.5 In ddition effect cuttg, effect cresed volume opertions led stedy In ddition effect cuttg, effect cresed volume opertions led stedy recovery 2Q. come second hlf 2009 mounted 16.8, n improvement recovery 2Q. come second hlf 2009 mounted 16.8, n improvement 31.4 second hlf 2008 20.3 first hlf 2009. 31.4 second hlf 2008 20.3 first hlf 2009. 09/1Q (09/4-6) 925 291 216 416 : High-Grde Metl Products Mterils 45 26 5 11 3 09/2Q (09/7-9) 1,028 336 : High-Grde Functionl omponents Equipment 242 : Electronics evices 469 19 10 9 8 7 : Service Ors Elimted 0 09/3Q (09/10-12) 1,129 380 271 409 300 506 549 28 71 25 29 39 22 09/4Q (10/1-3) 1,235 23 97 24 31 51 9 ( 100 million)
Forecst Results FY10 y Segment 500.0 (116% 33.0 19.7 FY2009 (ct.) FY2010 (Est.) 5,000 ( 100 million) High-Grde High-Grde Metl Metl Products Products Mterils Mterils 223.0 223.0 (115% (115% 18.0 18.0 11.6 11.6 Electronics Electronics evices evices 130.0 130.0 (126% (126% 12.5 12.5 6.2 6.2 High-Grde High-Grde Functionl Functionl omponents omponents Equipment Equipment 148.0 148.0 (105% (105% 9.0 9.0 4.3 4.3 Service Service Ors Ors Elimted Elimted 1.0 1.0 6.5 6.5 em both umobile electronics-relted fields is expected recover em both umobile electronics-relted fields is expected recover stedily. Hitchi Metls sees venry djustments ol steels cert or stedily. Hitchi Metls sees venry djustments ol steels cert or products progressg, with dem cresg on n ctul dem bsis. products progressg, with dem cresg on n ctul dem bsis. From fiscl 2010, Hitchi Metls will shift its precision cstg components busess From fiscl 2010, Hitchi Metls will shift its precision cstg components busess subsidiry High-Grde Functionl omponents Equipment segment its subsidiry High-Grde Functionl omponents Equipment segment its High-Grde Metl Products Mterils segment. In so dog, synergies will be High-Grde Metl Products Mterils segment. In so dog, synergies will be generted with specilty steel busess eco-friendly products exped. generted with specilty steel busess eco-friendly products exped. High-Grde Metl Products Mterils Specilty Steel ompny Precision cstg components busess Effect on 12.0 High-Grde Functionl omponents Equipment umotive omponents ompny 1,416 1,029 68 4,317 1,940 133 47 63 64 41 1,480 1,300 2,230 330 : High-Grde Functionl omponents Equipment 90 : Electronics evices 125 : High-Grde Metl Products Mterils 10 180 : Service Ors Elimted 65
FY09 onsolidted lnce Sheet 5000 4000 3000 (\100 million) 5,302 335 710 1,000 238 ssets sh deposits Ors Receivbles Invenries Ors 5,180 436 906 847 209 hnge hnge 12.2 12.2 /E /E rtio rtio 0.88 0.88 +101 +196 153 29 5,302 1,901 1,255 Libilities, Mority Interests Shreholder s Equity ebts pyble corporte bonds Or libilities 5,180 1,707 1,345 194 +90 2000 2,160 property, plnt, equipment 1,984 176 ssets 2,146 204 Mority terests, etc. ssets 2,128 10 194 1000 0 Intngible fixed 859 ssets 798 Investment Securities (468) Goodwill (440) Mr. 31, 2009 Mr. 31, 2010 61 Shreholders 1,942 equity 1,934 Mr. 31, 2009 Mr. 31, 2010 8
onsolidted sh Flows ( 100 million) Item Fiscl 2008 Fiscl 2009 sh csh equivlents t begng period 478 335 come bee tx djustments 2 57 eprecition s 318 305 pitl vestment 437 226 Or 75 219 Free csh flow 46 355 orrowgs 18 184 ividend pyments, ors 83 69 csh flow 111 102 Effect exchnge rte chnges ors 32 1 sh csh equivlents t end period 335 436 (Note) pitl vestment is bsed on receipt spection. FY08 results follow reclibrtion terest come, dividends terest pid.
(Reference) usess Segments High-Grde Metl Products Mterils Specilty Steel ompny Specilty Steel ompny Roll ompny Roll ompny Hitchi Tool Engeerg Group Hitchi Tool Engeerg Group Electronics evices NEOMX ompny NEOMX ompny Inmtion Systems omponents ompny St Mgnetic Mterils ompny St Mgnetic Mterils ompny High-Grde Functionl omponents Equipment umotive omponents ompny umotive omponents ompny Pipg omponents ompny Pipg omponents ompny Service Ors, Services ivision, Services ivision Or Mnufcturg ompny Or Mnufcturg ompny Hitchi Metls Techno Group Hitchi Metls Techno Group
This document conts wrd-lookg sttements, such s results ecsts mngement plns, which re not hisricl fcts. ll such wrd-lookg sttements bsed upon ll vilble mtion upon ssumptions projections tht deemed rtionl t time ompny prepred this document. hnges underlyg ssumptions or circumstnces could cuse ctul results differ substntilly. Fcrs cusg such differences clude, but re not limited, followg: hnges economic conditions regultions m mrkets where ompny opertes, prticulrly Jpn, United Sttes, si Europe Sudden chnges technologicl trends hnges competitive dvntge cpbilities ompny its subsidiries ffilites develop commercilize new products busesses Fluctution sttus conditions product mrkets, exchnge rtes or terntionl commodity mrkets hnges fncg environments pbility ompny its subsidiries ffilites cope with fluctutions product supply dem, sttus conditions product mrkets, exchnge rtes or terntionl commodity mrkets Protection ompny s tellectul property, securg licenses use tellectul property or prties hnges sttus llinces with or prties product development, etc. Fluctution Jpnese sck mrkets