SHOEI CO., LTD. SHOEI CO., LTD. Presentation Presentation November 22, 2018
Regime for the 62nd Fiscal Year Regime for the 62nd Fiscal Year ☆ Sales volume increased 15,000 units year on year, mainly , y y , y in Japan and North America. Unit prices of products increased as well. As a result, revenue was up １ ,507 million yen. ☆ Foreign exchange rates (euro) at the term-end of subsidiaries (the end of June) were almost the same as those of the 61st term, and there was almost no foreign exchange impact on consolidated income exchange impact on consolidated income. ☆ Meantime, despite an increase in raw materials cost and SG&A expenses operating profit rose 272 million yen SG&A expenses, operating profit rose 272 million yen. ☆ As a result, net income of 2,578 million yen was posted, an all-time high for profit this term, as well. all time high for profit this term, as well. -1-
The Fiscal Year Ended Sep. 30, 2018 （１） Consolidated Statements of Income (Millions of yen) O Oct.16 O Oct.17 Changes from -Sept.17 -Sept.18 Previous year( ％ ) 15,641 15 641 17 148 17,148 +9 6 +9.6 N e t N t S a l e s S l O p e r a t i n g 3,461 3,734 +7.9 I n c o m e O r d i n a r y O d i 3,497 3,772 +7.9 I n c o m e Profit attributable 2,358 , 2,578 , +9.3 t o o w n e r s o f p a r e n t t I n c o m e ¥ 171.29 ¥ 187.21 N e t +9.3 p e r S h a r e D i v i d e n d D i v i d e n d ¥ 85 00 ¥ 85.00 ¥ 93 00 ¥ 93.00 +9.4 9 4 p e r S h a r e Notes: The net income per share is calculated using the weighted average number of shares (excluding The net income per share is calculated using the weighted average number of shares (excluding treasury stock) during the period. -2-
（２） Change of Sales and Net Income Indicator Sales Net Income (Millions of yen) (Millions of yen) 18 000 18,000 4,000 4 000 15,000 3,000 12,000 9,000 2,000 6,000 1,000 3,000 0 0 The 57th The 58th The 59th The 60th The 61st The 62nd -3-
（３） The trend of Exchange Rate EUR(MUFG Bank,Month end) 【 YEN 】 EUR(Average rate) 140.00 EUR(for Subsidiaries) USD(MUFG B USD(MUFG Bank,Month end) k M h d) USD(Average rate) USD(for Subsidiaries) 135.00 130.00 130 00 125.00 120.00 115.00 110.00 105 00 105.00 100.00 Sep-18 Mar-17 Dec-17 Jun-18 Dec-16 Jun-17 Sep-17 Mar-18 -4-
New Products during the 62nd Fiscal Year ＜ NEOTE ＜ NEOTE NEOTE ＣⅡ＞ NEOTE ＣⅡ＞ System helmet with sun visor supporting intercom System helmet with sun visor supporting intercom sold in unprecedented quantities thanks to the sold in unprecedented quantities thanks to the popularity of the innovative design and built popularity of the innovative design and built- -in in intercom functionality. intercom functionality. 【 Europe 】 Launching in January 2018 【 North America 】 Launching in March 2018 【 Japan 】 Launching in May 2018 Sales Vol me ( Consolidated base) Total Sales Volume ( Consolidated base) Total : 95,000 units 95 000 nits -5-
（４） Consolidated Balance Sheets (Millions of Yen) Sept.30,2017 Sept.30,2018 7,230 8,115 （ +884） C a s h a n d D e p o s i t s 1,794 1,794 2,179 2,179 （ （ +384） ） A c c o u n t R e c e i v a b l e 1,198 1,396 （ +198） Merchandise and Finished Goods 449 421 （ -28） W o r k i n P r o c e s s 569 569 689 689 （ （ +120） +120） R a w R a w M a t e r i a l s M a t e r i a l s a n d a n d P a r t s P a r t s 982 973 （ -9） O t h e r C u r r e n t A s s e t s 12,226 13,776 （ +1,550） T o t a l C u r r e n t A s s e t s 2,776 2 776 2,979 2 979 （ （ +202） +202） T T o t a l t l F i x e d F i d A s s e t s A t 15,003 16,755 （ +1,752） T o t a l A s s e t s 2,005 2,296 （ +290） C u r r e n t L i a b i l i t i e s 742 799 （ （ +57） ） F i x e d L i a b i l i t i e s 2,747 3,096 （ +348） T o t a l L i a b i l i t i e s 12,704 14,111 S h a r e h o l d e r s ‘ E q u i t y （ +1,406） (1,394) (1 394) (1,394) (1 394) （ （ ―） ） （ C （ C a p i t a l S t o c k ） k ） i t l S t -0） （ ( - 0) ( - 1) （ T r e a s u r y S t o c k ） 12,255 13,659 （ +1,403） T o t a l N e t A s s e t s T o t a l T o t a l L i a b i l i t i e s L i a b i l i t i e s a n d a n d 15 003 15,003 16 755 16,755 （ （ +1,752） 1 752） T o t a l N e t A s s e t s -6-
（５） Financial Indicator (Millions of yen) Ordinary income to net sales ratio ＲＯＡ ＲＯＥ 30.0% 25.0% 0% 22.9% 22.4% 22.0% 21.3% 20.7% 19.9% 20.0% 16 7% 16.7% 16 6% 16.6% 16 2% 16.2% 15.0% 10 0% 10.0% 5.0% 0.0% The 60th The 61st The 62nd -7-
Regime for the 63rd Fiscal Year Regime for the 63rd Fiscal Year ☆ Budgeting of helmet sales volume is 544,000 units, an increase of 22,000 ☆ g g , , , units compared to the 62nd term. We believe that this volume can be achieved on the strength of a promising new model, which we will touch on later on later. ☆ On the other hand, operating profit is expected to decrease 7.9%, due to an assumed stronger yen in exchange rates and a rise in SG&A expenses. Provided there is no sharp rise in the yen that exceeds the opening budget or a deterioration in market conditions the budget at this point is expected or a deterioration in market conditions, the budget at this point is expected to be fully achievable. ☆ Foreign exchange sensitivity: ☆ Foreign exchange sensitivity: 1 yen/1 dollar: consolidated net sales: 29 million yen, net income: 12 million yen 1 yen/1 euro: consolidated net sales: 54 million yen, net income: 23 million yen *These are only rough indications and actual results may differ from these These are only rough indications, and actual results may differ from these figures. -8-
Forecasts for the Fiscal Year Ending Sep. 30, 2019 （１） Consolidated Statements of Income (Millions of yen) O Oct.17 O Oct.18 Changes from -Sept.18 -Sept.19 Previous year( ％ ) 17,148 17 148 18,150 18 150 +5.8 +5 8 N e t N t S S a l e s l O p e r a t i n g 3,734 3,440 -7.9 I n c o m e O O r d i n a r y d i 3,772 3,450 -8.5 I n c o m e Profit attributable 2,578 , 2,390 , -7.3 t o o w n e r s o f p a r e n t t I n c o m e ¥ 187.21 ¥ 173.55 N e t -7.3 p e r S h a r e D i v i d e n d D i v i d e n d ¥ 93.00 ¥ 93 00 ¥ 86 00 ¥ 86.00 -7.5 7 5 p e r S h a r e Notes: 1. The net income per share is calculated using the weighted average number of shares (excluding treasury stock) during the period treasury stock) during the period. 2. The assumed exchange rates for the 2019 fiscal year are USD/JPY = 110.00 and EUR/JPY = 125.00. -9-
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