Financial Results for
3Q FY2018
January 28, 2019
6807 Japan Aviation Electronics industry, Ltd.
Copyright ©2019. Japan Aviation Electronics Industry. Ltd

Net Sales and Incomes

Technology to Inspire Innovation(JPY in 100 millions)
3Q FY2017

3Q FY2018

9 months ended

Year/Year
Change3 months ended

3 months ended

Year/Year
ChangeDec 31, 2017

Dec 31, 2018

9 months

Dec 31, 2017

Dec 31, 2018

3 months

Net Sales

1,922

1,784

-138

93%

677

604-7389%

Operating
Income162

155-796%6761-691%

Ordinary
Income

8.4%

8.7%

9.9%

10.1%

150

163

66

57-986%Net
Income

7.8%

9.1%

9.7%

9.4%

1101184841-687%

to Net Sales

5.7%

6.6%

7.0%

6.8%

Average
Exchange Rate
(JPY/USD)

111.7

111.1

113.0

112.9

to Net Sales

to Net Sales

3Q FY2017

3Q FY2018

9 months ended

129108%108%※ Amounts less than 100 million JPY are rounded off.

Copyright ©2019. Japan Aviation Electronics Industry. Ltd

2

Net Sales by Market Segment

Technology to Inspire Innovation(JPY in 100 millions)

MobileDevices

3Q FY2017

3Q FY2018

9 months ended

Year/Year
Change3 months ended

3 months ended

Year/Year
ChangeDec 31, 2018

9 months

Dec 31, 2017

Dec 31, 2018

3 months

82%

385

304

3Q FY2017

3Q FY2018

9 months ended

Dec 31, 2017

1,077

886

Automotive

512

557

45 109%181

188

7 104%

Industrial &Infrastructure

236

252

16 107%82

81-1

Others9788-991%

29

31

2 107%

1,922

1,784

-138

93%

677

604

473

498

25 105%

165

166

1,449

1,286

512

438

Total
Domestic
Sales
Overseas
Sales

-191

-163

89%

-81-73

79%

99%

89%

1 101%-7486%※ Amounts less than 100 million JPY are rounded off.

Copyright ©2019. Japan Aviation Electronics Industry. Ltd3

Net Sales by Business Segment

Technology to Inspire Innovation(JPY in 100 millions)
3Q FY2017

3Q FY2018

9 months ended

Year/Year
Change3 months ended

3 months ended

Year/Year
ChangeDec 31, 2018

9 months

Dec 31, 2017

Dec 31, 2018

3 months

3Q FY1027

3Q FY2018

9 months ended
Dec 31, 2017

1,769

1,603

-166

91%

627

541

-86

86%

UIS

6463-198%

2220-388%

Aerospace

83111

28 134%26

41

16 160%

Others670 105%

22-096%

Total

1,922

1,784

677

604-7389%

Conenector-13893%※ Amounts less than 100 millions JPY are rounded off.

Copyright ©2019. Japan Aviation Electronics Industry. Ltd

4

Operating Income by Business Segment

Technology to Inspire Innovation(JPY in 100 millions)

Connector
UIS
Aerospace
Unallocatable
costs/Others

Total

3Q FY2017

3Q FY2018

9 months ended

Year/Year
Change3 months ended

3 months ended

Year/Year
ChangeDec 31, 2018

9 months

Dec 31, 2017

Dec 31, 2018

3 months

3Q FY2017

3Q FY2018

9 months ended

Dec 31, 2017

186

171

10.5%

10.6%

64

9.7%

6.5%

1

13

1.3%

11.6%

-32

-33

162

155

8.4%

8.7%

-167565

11.9%

12.0%

21

10.9%

3.2%

06

0.7%

14.5%

-1-10-100-76761-6

9.9%

10.1%

-2
12-10-26※ Percentages(%) for 3QFY2017 & 3QFY2018 indicate Operating Income to Net Sales Ratios.
※ Amounts less than 100 million yen are rounded off.

Copyright ©2019. Japan Aviation Electronics Industry. Ltd5

Connector Business
Sales By Market Segment（JPY in 100 millions）
PC・LCD・TV &Others
Industrial &Infrastructure

500

Automotive

627
1955

167

547
1855

172

MobileDevices

0Technology to Inspire Innovation

509
1755

3Q/FY20174Q/FY2017

17495411843169

176318304

2Q/FY2018

3Q/FY2018173385301554

264

1Q/FY2018

Copyright ©2019. Japan Aviation Electronics Industry. Ltd6UIS BusinessTechnology to Inspire Innovation

Sales By Market Segment（JPY in 100 millions）

2222222120
Industrial &Infrastructure

Automotive
020

11101112121111

3Q/FY2017

4Q/FY2017

1Q/FY2018

2Q/FY2018

3Q/FY2018

1010

Copyright ©2019. Japan Aviation Electronics Industry. Ltd

97

Aerospace BusinessTechnology to Inspire Innovation

Sales By Market Segment（JPY in 100 millions）

50464118252926
Defense &Space116828Industrial,
Infrastructure& Automotive

01341183Q/FY2017

4Q/FY2017

231Q/FY2018

282Q/FY2018

Copyright ©2019. Japan Aviation Electronics Industry. Ltd

303Q/FY2018

8Capital Investment & Depreciation

Technology to Inspire Innovation（JPY in 100 millions）
75

50255257523747

CapitalInvestment

0255075

51

3Q/FY201744574Q/FY2017

1Q/FY2018

4748

2Q/FY2018

3Q/FY2018

Copyright ©2019. Japan Aviation Electronics Industry. LtdDepreciation,others9Revision of Projections for FY2018

Technology to Inspire Innovation▶ In light of the unstable economic conditions spread in the latter part of third-quarter,
we have revised our prior consolidated forecasts for the full fiscal year due to the
expected stagnation in the mobile device and industrial & infrastructure markets(JPY in 100 millions)

FY2017

Revised Projections
for FY2018
FY2018

Year/Year Change

Change from
PreviousProjections

FY2018
Projections(announcedOct, 2018)

Net Sales

2,539

2,220

-319

87%

-195

2,415

Operating
Income206

172-3483%-20192

Ordinary
Income

8.1%

7.7%

174

175

Net
Income6.8%

7.9%

129130to Net Salesto Net Sales

8.0%

1101%

-211968.1%

1100%-15

5.1%
5.9%※ Amounts less than 100million JPY are rounded off.
to Net Sales

Copyright ©2019. Japan Aviation Electronics Industry. Ltd145
6.0%

10

Projections for Net Sales by Business Segment

Technology to Inspire Innovation(JPY in 100 millions)

FY2017

Revised Projections
for FY2018

Change from
PreviousProjections

FY2018
Projections(announcedOct, 2018)

FY2018

Year/Year Change

2,316

1,976

-340

85%

-189

2,165

UIS

8682

-4

95%

-688

Aerospace

129

152

23118%

0152

910

1117%

0102,539

2,220-319

87%

-195

2,415

Connector

OthersTotal※ Amounts less than 100million JPY are rounded off.

Copyright ©2019. Japan Aviation Electronics Industry. Ltd11Projections for Net Sales by Market Segment

Technology to Inspire Innovation(JPY in 100 millions)

FY2017

Revised Projections
for FY2018
FY2018

Year/Year Change

Change from
Previous
Projections

FY2018
Projections(announcedOct, 2018)

Mobile Devices

1,379

1,046

-333

76%

-133

1,179

Automotive

698

736

38

105%

-26762

Industrial &Infrastructure

327

319

-8

97%

-37356

Others135

119-1688%

1118

2,539

2,220

-319

87%

-195

2,415

Total

※ Amounts less than 100million JPY are rounded off.

Copyright ©2019. Japan Aviation Electronics Industry. Ltd12

<Cautionary Statement>
The plans, strategies & results forecasts and targets for our company and our consolidated affiliates (hereinafterJAE) noted in these materials are forecasts and targets as of January 28, 2019, and include risks and uncertainties.
The targets noted in these materials are not projections, and do not reflect current projections by the management
team with regards to future results. Rather, these are targets to be attained by the management team throughimplementing business strategies.
Note that actual results may differ greatly from forecasts and targets, etc. based on various factors. Major factors that
affect actual business results, etc. are the political and economic situations in Japan, the US, Asia and so forth thatinvolve regions where JAE conducts business operations, demand fluctuations for JAE products (including softwareproducts) in the market, deflationary pressures caused by severe competition, the ability to continue supplying over
our competitors, the ability to expand business operations in overseas markets, changes to the laws and regulations
concerning business activities, and their transparency, potential legal responsibilities, exchange rates, etc, and there
may be other factors beyond the ones listed here. Actual results may differ from management targets and otherforecasts due to a worsening global economy and the global financial situation, stagnation in the domestic andoverseas stock markets, etc. Note that descriptions concerning projections are current as of that day.
Although new risks and factors of uncertainty that occur at any anytime are evident, it is impossible to predict theiroccurrence or effects. In addition, details describing future predictions may not actually occur due to risk anduncertainties. Do not rely solely on these descriptions.