Investor Relations

Financial Results

FY 2018 3Q

Consolidated Financial Results Summary

net sales

operating income & operating income margin

Profit attributable to owners of parent & Earnings per share
※Dec. 2018 Exchange rates: 1U.S. dollar/ \111.14 1Euro/ \129.49                                 

Equity ratio

Dividend Information

Consolidated Balance Sheet Summary(Unit:Billions of yen)

Consolidated Balance Sheet Summary


ポイント


(1) Current assets

 Current assets were \406.0 billion, a \5.7 billion increase from the end of the previous fiscal year due in part to an increase in inventories and decreases in cash and deposits, and notes and accounts receivable.

 

(2) Non-current assets

 Non-current assets were \274.2 billion, a \4.6 billion increase from the end of the previous fiscal year due in part to increases in machinery, equipment and vehicles, and buildings and structures, and decreases in construction in progress and investment securities.

 

(3) Total liabilities

 Current liabilities were \199.6 billion, a \1.9 billion increase from the end of the previous fiscal year due to factors including increases in notes and accounts payable and short-term loans payable, and decreases in provision for bonuses and income taxes payable.
 Non-current liabilities were \51.7 billion, a \4.5 billion decrease due to factors including decreases in long-term debt, deferred tax liabilities and liability for retirement benefits.



Consolidated Statement of Income and comprehensive Income Summary(Unit:Billions of yen)

Consolidated Statement of Income and comprehensive Income Summary


Capital expenditure, Depreciation and amortization, R&D expenses(Unit:Billions of yen)

Capital expenditure

Capital expenditure

Depreciation and amoritization

Depreciation and amoritization

R&D expenses

R&D expenses

※Consolidate elimination not include in breakdown

Consolidated Net Sales(by Destination)

Consolidated Net Sales(by Destination)


Overview by Business Segment

Electronic Components Segment

Electronic Components Segment

Sales and Operating Income Fall Amid Uncertainty About Major Economies
 As the effects of trade friction between the United States and China become apparent, and amid economic slowdown in China and confusion about the direction of the United Kingdom’s “Brexit” from the European Union, the outlook for major economies is increasingly uncertain. In the automotive market, new car sales failed to expand despite more definitive development activities taking shape in CASE domains and progress in establishing rules for autonomous driving. Growth of the mobile market is slowing as smartphones reach maturity and replacement cycles become protracted.
 In electronic components segment, products for automotive use were firm overall in areas including control and input equipment and RF communication products. In the consumer (and others) market, sales of products for smartphones decreased due to economic slowdown. Even though a weaker-than-expected yen helped to lift results in the segment, both sales and profit decreased year-on-year.

Electronic Components Segment

Automotive Market

Firm Performance Overall in the Automotive Market
 Business was firm for electronic shifters, door modules and other control and input equipment, as well as Bluetooth®, wireless LAN and other RF communication products. Alps Alpine also entered a strategic partnership with a Chinese state-owned enterprise with an eye on the Chinese cellular vehicle-to-everything (C-V2X) communication technology domain for automobiles.

Consumer Market

Creation of New Opportunities in EHII Domains with Trade Show Participation in China, India, Malaysia and Elsewhere
 Some components weakened as smartphone shipments decreased. In the IoT domain, new business opportunities in EHII domains were pursued in optical communication, IoT and other emerging sectors alongside participation in trade shows in countries including China, India and Malaysia.

Automotive Infotainment Segment

Automotive Infotainment Segment

Genuine Product Sales Strong as Steps Taken to Reduce Production Costs and Improve Efficiency
 To approach the CASE automotive domains, Alps Alpine is working to strengthen development of human-machine interfaces (HMI) by fusing sensing and communication devices technologies of the electronic components segment with software technology of the automotive infotainment segment. Alps Alpine is pursuing activities to help it evolve into a company delivering total automotive infotainment system solutions.
 Both sales and profit increased year-on-year due to strong sales to European automakers, as well as progress made on reducing production costs and improving efficiency.

Automotive Infotainment Segment

Logistics Segment

Logistics Segment

Worldwide Logistics Centers, Warehouses and Networks Bolstered
 Alps Logistics Co., Ltd. (TSE 2nd Section) made efforts to bolster networks and increase freight volumes. This included the completion of a large new warehouse in Kazo, Saitama Prefecture, in May 2018, expansion of warehouses in China and Singapore, and the establishment of operations for expanding business in India and Vietnam. Sales promotion efforts both at home and abroad led to an increase in sales, but profit declined due to rising costs, including the cost of setting up new bases.

Logistics Segment