Presentation of Operating Results forthe 1st Quarter (Apr.‐Jun.) of FY2013
August 5, 2013

FUNAI ELECTRIC CO., LTD.
TSE 6839

0Ⅰ．Outline of Operating Results
1.
2.
3.
4.
5.
6.
7.
8.
9.

Summary of 1st Quarter (Apr.‐Jun.)
Breakdown of Sales by Equipment
Sales of DVD related Equipment
Sales of LCD Television
Geographic Breakdown of Sales
Factor of Changes of Operating Income
Financial Conditions
Changes of Inventories
Capital Expenditures, Depreciation Expense and R&D Expenditures

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

FY 2012FY 2013

Y/Y+105

S a l e s400505(+26.2%)

Operating Income‐9‐17‐8)(‐2.4%)(‐3.4%)+18 (※1)

Ordinary Income‐201+21)(‐5.1%)(0.2%)‐ 1 (※2)

Net Income after tax‐18‐0+18(‐4.6%)(‐0.0%)

79.80

99.23

N e t(((MMMaaarrrgggiiinnn)

Average USD‐JPY
Exchange Rate（※1） interest expense ‐1、 forex gain＋19（※3） decrease of interest received ‐1、increase of interest expense ‐1,fores gain and loss ＋32, other ‐1（※2） extraordinary loss ‐1（※4） increase of income taxes ‐3Month End Exchange Rate（USD/JPY）

12/3

12/6

13/3

13/6

193105

98.59

82.

79.

94.

+29 (※3)‐ 3 (※4)2

2．Breakdown of Sales by Equipment（100 million yen）

505
（100 million yen）

400
Y/Y

379
AVEquipment

Information
Equipment
Others321

D V D ： 93
LCD TV ：286

AV Equipment
DVD Equip.
LCD TV： ＋ 58 （＋18.4％）： ＋ 12： ＋ 46（＋14.8 ％）（＋19.2％）

Information Equipment ： ＋ 23 （＋82.9％）

D V D ： 81
LCD TV ：240

Others： ＋ 24 （＋45.4％）

Total： ＋105 （＋26.2％）

4926
53

77

Previous 1Q

Current 1Q
3

3．Sales of DVD related Equipment（100 million yen）

93

DVD Recorders

・Both DVD players and recorders increased.

8122
DVD Players

DVD Players

Blu‐ray disc・BD players increased, but BD recorders dropped.

2121（100 million yen）

DVD Recorders

17

Y/Y

42
Blu‐ray disc

Others38

58

Previous 1Q

Current 1Q

DVD Players： ＋ 1 （＋ 4.8％）

DVD Recorders： ＋ 4 （＋23.5％）

Blu‐ray disc

： ＋ 4 （＋10.5％）

Others： ＋ 3 （＋60.0％）

Total： ＋12 （＋14.8％）

44．Sales of LCD Television（100 million yen）

286

LCD TV・LCD Tvs increased revenue because of strong sales
in North America and Mexican market.

240

・Sales in Japan also increased.

（100 million yen）

240

286

Y/YLCD TV

Previous 1Q： ＋46 （＋19.2%）

Current 1Q
5

5．Geographic Breakdown of Sales（100 million yen）

North America

505

・The audio accessories products contributed to thesales.
・In addition, sales of LCD TVs, DVD‐related products
and information equipment increased.

400
Asia & Others
・The sales of LCD Tvs showed steady increases inMexico.

341
(67%)

NorthAmerica269（100 million yen）

(67%)

Y/Y
North America ： ＋ 72 （＋26.6％）

EuropeAsia & OthersJapan

152619 (4%)
50 (10%)

(4%)
(7%)

9095(22%)(19%)

Previous 1Q

Current 1Q

Europe： ＋ 4 （＋24.6％）

Asia & Others： ＋ 24 （＋92.3％）

Japan： ＋ 5 （＋ 5.4％）

Total： ＋105 （＋26.2％）

66．Factor of Changes of Operating Income＊ Add‐value=Sales – (Cost of sales + selling expenses)（100 million yen）

Sales increase-9
OperatingIncome

Decreased
add‐value*＋9-13-17
Increase ofgeneralexpenses

Operating
Income-4

Previous 1Q

Current 1Q
77．Financial Conditions（100 million yen）

1,945

1,978

Comparison to 2012/6

440

Assets+267

398

・Cash / Deposit‐ 267

・Accounts Receivables+127

・Inventories+298

・Fixed Assets and Others

+109

1,711
Cash / Deposit

Assets707
331

Accounts
Receivables

271

Inventories

359

Fixed Assets
and Others

374

380

483

289
239

391

387

341

367

Trade Payables

Liabilities
AndNet Assets

678

Accounts Payables
and Others

Net Assets

556

657

1,183
1,213

1,224

1,711
2012/6

1,945

1,978

2013/3

2013/6

Liabilities+226

・Trade Payables+ 98・Accounts Payables
and Others+128

Net Assets+ 41（ Equity Ratio61.3%）

8

8．Financial Conditions（100 million yen）

657
556
324

359

（100 million yen）

345

Comparison to 2012/6

Finished products

Finished products： ＋ 77Work in process： ＋221247
333
211
Work in process

112

2012/6

2013/3

2013/6

2.7 months

3.7 months

3.9 months<Inventories Turnover>99．Capital Expenditures, Depreciation Expenseand R&D Expenditures
1Q
CapitalExpenditures

Full Year

Depreciation
Expense

R&D
Expenditures

Depreciation
ExpenseR&DExpenditures（100 million yen）

（100 million yen）120

CapitalExpenditures+64+3‐1120

10010080806060118103934040727453040202082012/6 2013/61013232202012/6 2013/6

2012/6 2013/6

FY2012 FY2013（Projection）

FY2012 FY2013（Projection）

FY2012 FY2013（Projection）

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Ⅱ．Supplemental Data

1. Quarterly Operating Summary of FY 2012 / 2013
2. Quarterly Changes of Sales Amount by Equipment
3. Quarterly Changes of Sales Amount by Geography

111．Quarterly Operating Summary of FY 2012 / 2013

（ 100 million yen ）FY2012
1Q

2Q

FY2013
3Q

4Q

1Q

S a l e s

400490580

450505

Operating Income‐9‐5‐3‐34‐17( m a r g i n )(‐2.4%)(‐1.0%)(‐0.7%)(‐7.6%)(‐3.4%)O r d i n a r y Income‐20‐1032‐41( m a r g i n )(‐5.1%)(‐2.0%)(5.5%)(‐1.1%)(0.2%)Net Income after tax‐18‐116‐62‐0( m a r g i n )（‐4.6％）（‐2.3％）（1.2％）(‐13.9%)（‐0.0％）

N e t

12

2．Quarterly Changes of Sales Amount by Equipment
DVD Equipment（ 100 million yen ）Information Equipment

Others

580
490

400

LCD TVs

12650545093708181340
354

286
265

240
49

26
53

34
15
51

44

80

60

77

1Q

2Q

3Q

4Q

1Q

(12/6)(12/9)(12/12)(13/3)(13/6)
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3．Quarterly Changes of Sales Amount by Geography
North America

EuropeAsia & OthersJapan（ 100 million yen ）

580
505

490
450
400
421
375
269

(73%)

268

(77%)

341
(67%)

(60%)

(67%)

(4%)
15 (7%)
2690

12 (2%)
29 (6%)

(22%)

(15%)

74

19 (3%)
38 (6%)
102(18%)

16 (3%)
73(16%)

19 (4%)
50 (10%)

93

95

(21%)

(19%)

1Q

2Q

3Q

4Q

1Q

(12/6)(12/9)(12/12)(13/3)(13/6)
14Disclaimer

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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