Presentation of Operating Resultsin 1st Quarter (Apr.-Jun.) of FY2012

July 30, 2012FUNAI ELECTRIC CO., LTD.
Security code 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 Television related Equipment
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 2011argin(△39.0%)

3△9△12(0.5%)(△2.4%)△11 (※1)

0△20△20(0.1%)(△5.1%)＋2 (※2)△23△18＋5(△3.6%)(△4.6%))

Ordinary Income(Margin)

Net Income after tax(Margin)△256400

Operating Income
M

Y/Y656Net Sales(FY 2012

Average USD-JPY
Exchange Rate

81.23

△8 (※3)＋25 (※4)79.80（※1） interest received ＋1、forex loss△13、other＋1（※3） decrease of interest expense＋1、increase of forex loss△10、other＋1（※2） extraordinary loss △1、 income taxes ＋3（※4） increase of extraordinary loss△1、decrease of income taxes＋17、decrease of income taxes for prior period ＋9Month End Exchange
Rate

11/3

11/6

12/3

12/6

（USD/JPY）

83.15

80.73

82.19

79.31
2

２．Breakdown of Sales by Equipment656（100 million yen）

（100 million yen）

Y/YAV
Equipment

461

400

AV Equipment
DVD Equip.
T V Equip.

DVD：184
T V ：277： △140 （△30.5％）： △ 103： △ 37（△56.0％）（△13.4％）

Information Equipment ： △ 61 （△69.4％）

321
DVD： 81
T V ：240

Information
Equipment

87

Others1082653Previous 1Q

Current 1Q

Others

： △ 55 （△50.9％）

Total： △256 （△39.0％）

3

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

DVD Players

DVD Recorders

184

・Both DVD players and recorders declined

30

・BD players slightly increased, but BD recorders
significantly dropped.

30（100 million yen）

Blu-ray disc

Y/YDVD Players

DVD Recorders

119

81DVD Players： △ 9 （△ 30.0％）

21

DVD Recorders： △ 13 （△ 43.3％）

17Blu-ray disc： △ 81 （△ 68.1％）

Blu-ray disc

Others：Total： △103 （△ 56.0％）

38Others

55

Previous 1Q

Current 1Q− （−）

4４．Sales of Television related Equipment（100 million yen）

277
240
LCD TV・Despite a firm tone in North America, the overallsales declined depending on fall in income in Japan.

277（100 million yen）

Y/Y

240
LCD TV

Previous 1Q： △ 37 （△ 13.4%）

Current 1Q
5

５．Geographic Breakdown of Sales
North America（100 million yen）

656

・The sales of LCD TVs and BD players increased, but other
DVD related and information equipment declined.
As a result, the overall sales fell.
JapanNorth America

・The sales of LCD TVs, BD recorders, antenna
and related devices decreased.

298(45%)400（100 million yen）

EuropeAsia & Others

Y/Y30 (5%)
51 (8%)

269

North America： △ 29 （△ 9.6％）

Europe： △ 15 （△50.4％）

Asia & Others： △ 25 （△49.0％）

Japan： △187 （△67.6％）

Total： △256 （△39.0％）(67%)

Japan277(4%)(7%)

152690(42%)(22%)

Previous 1Q

Current 1Q
6６．Factor of Changes of Operating Income＊ Add-value=Sales – (Cost of sales + selling expenses)

Salesdecrease3
OperatingIncome△9Decrease ofgeneral expenses△21OperatingIncome8Increased
add-value*

1

Previous 1Q

Current 1Q7

７．Financial Conditions（100 million yen）

Comparison to 2011/6

1,960
1,766
Cash / Deposit

AssetsLiabilities
AndNet Assets

1,711

726

707

322

271

339

359

441

379

374

Trade Payables

402

Accounts Payables
and Others

302

296
232

289
239

Accounts
Receivables

359

Inventories

453

Fixed Assets
and Others

1,238
Net Assets

1,183

1,256

1,960
2011/6△249

Assets

707

1,766

1,711

2012/3

2012/6・Cash / Deposit−・Accounts Receivables△ 88・Inventories△ 94

・Fixed Assets and Others△ 67

Liabilities△176・Trade Payables△ 113・Accounts Payables
and Others△ 63Net Assets△ 73（ Shareholder’s Equity Ratio 68.5%）

8８．Changes of Inventories

453339Finished products359（100 million yen）

274

Comparison to 2011/6
223

Work in process

247

179
116

112

2011/6

2012/3

2012/6

2.1 months

2.4 months

2.7 months

Finished products： △ 27Work in process： △ 67<Inventories Turnover>
9９．Capital Expenditures, Depreciation Expenseand R&D Expenditures
1Q
CapitalExpenditures

Depreciation
ExpenseFull Year
R&DExpenditures

Depreciation
ExpenseR&DExpenditures（100 million yen）

（100 million yen）
120

CapitalExpenditures△4△2△4120

100100808060601171054040202052270128

2011/6 2012/612482310

2011/6 2012/649400

2011/6 2012/6

FY2011 FY2012 FY2011 FY2012 FY2011 FY2012（Projection）（Projection）（Projection）
10

Ⅱ．Supplemental Data
1. Quarterly Operating Summary of FY 2011 / 2012
2. Quarterly Changes of Sales Amount by Equipment

11

１．Quarterly Operating Summary of FY 2011 / 2012（100 million yen）

FY 2011
1Q

2Q

FY 2012
3Q

4Q

1Q

S a l e s656

750628427

400

Operating Income

3178△24△9( M a r g i n )（0.5％）（2.4％）（1.3％）(△5.8%)(△2.4%)

Ordinary Income

048△12△20( M a r g i n )（0.1％）（0.6％）（1.4％）(△2.9%)(△5.1%)Net Income after tax△23△6△5△10△18( M a r g i n )（△3.6％）（△0.9％）（△1.0％）(△2.4%)（△4.6％）

N e t

12

２．Quarterly Changes of Sales Amount by Equipment
DVD Equipment

TV Equipment

Information Equipment

Others（100 million yen）

750
656

628
171

184

166
379277

427

400

105

81219

2403348795

108105

6959

49
54

2653

1Q

2Q

3Q

4Q

1Q

(11/6)(11/9)(11/12)(12/3)(12/6)
13

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.

14