Presentation of Financial Results
First Quarter (Apr.-Jun) of FY2017

August 9, 2017

FUNAI ELECTRIC CO.,LTD.
TSE 6839

1

Ⅰ．Financial Results
1.
2.

Summary of 1st Quarter (Apr.-Jun.)
Summary of 1st Quarter (Apr.-Jun.)

3.
4.
5.
6.
7.
8.
9.
10.
11.

Breakdown of Sales by Equipment
Sales of DVD related Equipment
Sales of LCD related Equipment
Sales of Information Equipment
Geographic Break Down of Sales
Operating Income Analysis (Y/Y)
Balance Sheet Conditions
Inventories Trends
Capital Expenditures, Depreciation Expenseand R&D Expenditures21. Summary of 1st Quarter (Apr.-Jun.)（100 million yen）

FY20161Q

FY2017
1Q

Difference(Y / Y)+70

Net Sales

250

320

Operating Income-28-23+5(-11.5%)(-7.3%)(－)-58-21+37(Margin)(-23.4%)(-6.7%)(－)

Net Income Attributableto owners of parent-57-15+42(Margin)(-22.8%)(-4.7%)(－)(Margin)

Ordinary Income

Average USD-JPY
Exchange Rate
Month End
USD-JPY
Exchange Rate

108.53(+27.8%)111.41

Mar.2016

Jun.2016

Mar.2017

Jun.2017

112.68102.91112.19112.003

2. Summary of 1st Quarter (Apr.-Jun.)（100 million yen）

FY20161Q
Non-operating income
Non-operating expenses

FY2017
1Q

Difference(Y / Y)131

42+3-29-58-21+372000-20-56-21+35-1+6+7Net Income Attributableto owners of parent-57-15+42(note:1 Non-operating income and expenses)(note:2 Extraordinary income and losses)(note:1)

Ordinary Income
Extraordinary income
Extraordinary losses

Income before IncomeTaxes
Income taxes

11

Interest
incomeFY2016.1Q

Foreign exchange
gain and loss
30-1
InterestPayments
FY2017.1Q(note:2)

Extraordinaryincome-1 -2
Others0FY2016.1Q-29

Extraordinarylosses

200

FY2017.1Q

4

3. Breakdown of Sales by Equipment
 AV Equipment: Sales of LCD TVs and BD recorders increased.
 Info Equipment: Sales of the in-house ink-jet printers decreased.
 Others: Sales of receiving related equipment ceased due to the transfer ofthe DX Antenna.
（100 million yen）

Y / Y (Change)（100 million yen）

320

AV Equip

250
AVEquipment

306+99(+47.4%)

DVD Equip+3(+5.0%)

TV Equip+96(+59.8%)

Information Equip-2(-22.6%)

Others-27(-77.0%)

Total+70(+27.8%)

207
DVD：47
T V：160

Sales Composition
DVD：50
T V：256

OthersOthersInformation
Equip.

Information
Equipment

13%4%

DVD

19%

Information
Equip.

FY2016

Others934
FY2016.1Q

77
FY2017.1Q

TV

64%

DVD

2% 2%

16%

FY2017TV80%
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4. Sales of DVD related Equipment
 Increased, sales of DVD related decreased, but sales of Bluray player and recorder increased due to good sales.
（100 million yen）

47
DVD Players

50（100 million yen）

51

Y / Y (Change)

12
DVD Recorders641

Blu-ray disc26

DVD Players-7(-59.9%)

DVD Recorders-5(-85.0%)+15(+62.3%)

Others0(-31.6%)

Total+3(+5.0%)

Blu-ray discOthers

33

FY2016.1Q

FY2017.1Q
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5. Sales of LCD Television
 Increased due to good sales in Americas and Japan.

（100 million yen）

256
（100 million yen）

Y / Y (Change)

160
LCD TV：+96（+59.8%）

256
160

FY2016.1Q

FY2017.1Q

7

6. Sales of Information Equipment Decreased sales of the ink-jet printers.

9（100 million yen）

7（100 million yen）

Y / Y (Change)

LCD TV：-2（-22.6%）

97

FY2016.1Q

FY2017.1Q

8

7. Geographic Breakdown of Sales
 Americas: LCD TVs and Blu-ray disc players increased.
 Japan:Increased, Sales of receiving related equipment ceased dueto the transfer of the DX Antenna, but sales of LCD TVs and Blu-ray discrecorder had good sales.
（100 million yen）

（100 million yen）

Y / Y (Change)

320
250
219

Americas

Americas+38(+20.6%)

Europe-1(-64.0%)Asia & Others

0(+37.7%)

Japan+33(+51.2%)

Total+70(+27.8%)

Sales Composition

181

EuropeAsia & Others

Japan2166
FY2016.1Q

11JapanAsia&Others

99Japan

26%Europe

31%

1% FY20161%Americas

FY2017

72%

Asia& 1%Others

68%
Americas

FY2017.1Q
98. Operating Income Analysis (Y/Y)（100 million yen）

Y / Y (Change)
FY2016.1Q

FY2017.1Q

Operatingloss

Operatingloss

△ 23
△ 28
Decrease ofGeneral
Expenses

Decreased of
Add-value
Sales
increase+9△ 10+610

9. Financial Conditions（100 million yen）

1,131

（100 million yen）

1,231

Y / Y (Change)

1,086
288

AssetsLiabilities
AndNet Assets

Cash / Deposit

323

267

Accounts
Receivables

157

262

442

312

156

148

Inventories
Fixed Assets
and Others

339

401

Trade Payables140186

Accounts Payables
and Others

239

134

Net Assets

353

766
745

1,131

Jun.2016

1,086
1,231
Mar.2017+100

・Cash / Deposit+30

・Accounts Receivables
・Inventories
・Fixed Assets and Others-9+130-51

345
141

752

AssetsLiabilities+107

・Trade Payables+205

・Accounts Payables
and Others-98

Net Assets-7（ Equity Ratio60.4%）

Jun.2017
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10. Inventories Trends
Y / Y (Change)： +25： +105

Finished products
Work in process（100 million yen）

<Inventories Turnover period in months>

4.1

3.6

3.1

3.0

4.1

3.7
2.2

521482409

442
312

299

268

262

193

154329Finished products

227

Work in process

256

Jun.2015

2.6

589

371
265

2.2

180
Sep.2015

190

198

215

227

153

144

122

10175

Dec.2015

Mar.2016

Jun.2016

Sep.2016

Dec.2016

108Mar.2017

Jun.2017

1211. Capital Investment, Depreciation and R&D
First Quarter
CapitalInvestment

Full Year

Depreciation

CapitalInvestment

R&D

Depreciation

R&D（ 100 million yen ）（ 100 million yen ）

80

25

Y/Y

Y/Y

Y/Y

-1

+1-70

2060

15

17

1750

74

73

40

1030

75562061030
2100
FY2016 FY2017
1Q
1Q

FY2016 FY2017
1Q
1Q

FY2016 FY2017
1Q
1Q

2826

FY2016 FY2017

FY2016 FY2017

FY2016 FY2017(Forecast)(Forecast)(Forecast)13

Ⅱ. Appendix
1. Quarterly Financial Summary
2. Quarterly Sales Trends by Equipment
3. Quarterly Sales Trends by Geography

141. Quarterly Financial Summary of FY 2016 - 2017
（ 100 million yen ）FY2016
1Q

2Q

FY2017
3Q

4Q

1Q

Net Sales

250

411

373

304

320

Operating Income-28-7-10-21-23(-11.5%)(-1.8%)(-2.7%)(-7.1%)(-7.3%)-58-1626-28-21(-23.4%)(-3.9%)(0.0%)(-9.1%)(-6.7%)-57-19-23-14-15(-22.8%)(-4.6%)(-6.2%)(-4.7%)(-4.7%)

108.53102.90111.25112.85111.41( Margin )Ordinary Income( Margin )Net Income Attributableto owners of parent( Margin )Average USD-JPY
Exchange Rate

15

2. Quarterly Sales Trends by Equipment

DVD Equipment

TV Equipment

411

Information Equipment（ 100 million yen ）Others

373

54

69

250

304
42320
50

47
314
255

211

160

934

12
31

1435

16
35

1Q

2Q

3Q

4Q

FY2016256

771Q

FY201716

3 ．Quarterly Sales Trends by Geography

Americas

EuropeAsia & OthersJapan（ 100 million yen ）

411
373
304

320

250
344

288
216

219

181
1
1

2166

3163

3181

85

99

1Q

2Q

3Q

4Q

1Q

21

FY2016FY201717

Disclaimer

This document contains forward-looking statements and projections regarding
business performance which are not historical facts. Please note that these statements
are based on information relating to factors that may impact future businessperformance that was available for analysis at the time this document was printed.
These factors include industry trends relating to the business areas of Funai Electric Co.,
Ltd. or the Funai Group, such as audio-visual devices and information communicationequipment, the economic conditions of both domestic and international markets, andfluctuations in currency exchange rates. Actual performance may greatly differ fromprojections included in this document because of the impacts of uncertainty in suchareas as the competitive conditions of the electronics industry, market trends, currency
exchange rate, introduction and success of new products, and various other global
conditions that may affect the tax system and other systems.

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