Situation after initial year of medium-term business plan

Transcription

1 Future Outlook 21

2 Situation after initial year of medium-term business plan (millions of yen) 24,000 22,000 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, / / / /03 18,069 18,300 (Previous period) (Current period) 16,075 21,657 3,196 18,800 23,400 3,565 2,246 2,395 2,600 4,563 4,061 2,062 3,333 3,159 3,500 2,883 14,400 15,272 12,489 12,746 11,212 12,700 0 (actual) ( 実績 ) (med.-term ( 中期計画 plan) ) (actual) ( 実績 ) (med.-term ( 中期計画 plan) ) (est. ( 業績予想 actual) ) (med.-term ( 中期計画 plan) ) HarmonicDrive Mechatronics Planetary Gear (rounded down in millions of yen) 22

3 Factors in shortfall from initial year targets External 1. Slow growth of emerging economies 2. Ripple effects of financial uncertainty in European market 3. Changing consumption patterns in Japanese economy Internal Slowness in product and market development over past several years 23

4 Dips in demand cycle (millions of yen) 20,000 History of Net Sales (non-consolidated basis) Future uses 15,000 Flat panel display equipment 10,000 Demand drivers Semiconductor equipment 5,000 Robotics Before dawn Machine tools 0 '71 '72 '73 '74 '75 '76 '77 '78 '79 '80 '81 '82 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 ' (FY) 24

5 Basic approach in medium-term business plan Keys to medium-term growth 1. Management giving top priority to quality and safety 2. Strengthening of core technologies 3. Wider choice of product variations 4. Stepped up sales expansion in Asia Basic approach unchanged from when plan was first drawn up 25

6 Priority measures for meeting goals of medium-term plan 1. Further expansion of markets for precision planetary gear speed reducers 2. Market cultivation by means of new products 3. Stepped up sales expansion in Asian markets 26

7 How strain wave and planetary gears differ Strain wave gearing Planetary gear HarmonicDrive AccuDrive HarmonicPlanetary Brands made by HDS Group Reduction Ratio 1/30 ~ 1/320 1/3 ~ 1/45 Backlash Zero Backlash Low Backlash Main application Required specifications Robotics Joint drive Many special specifications Machine tools Automatic tool changer Table drive Mostly standard specifications

8 Target segment image ⅰ Accuracy General Industrial Machinery Focusing on expansion of Torque Transporters, Processing Equipment etc. Normal positioning accuracy General Gear Robotics, Semiconductor Equipment High positioning accuracy Price Note: This graph is conceptual. This shape, size, and position of images used do not accurately reflect market size or product positioning 28

9 Target segment image ⅱ Accuracy Transporters, Processing Equipment etc. Robotics, Semiconductor Equipment High positioning accuracy General Industrial Machinery Focusing on expansion of torque Normal positioning accuracy General Gear New Product For Korean (Asian) market HPN series High-accuracy positioning, Low noise, Short lead time, Low price Current main products HPG series High-accuracy positioning, Low- backlash New Product High-output products HPGP series High torque, Highaccuracy positioning, Lowbacklash Price Note: This graph is conceptual. This shape, size, and position of images used do not accurately reflect market size or product positioning 29

10 South Korean joint venture company established Head Office SAMICK ADM CO., LTD. Daegu Metropolitan City, S. Korea Founded February 20, 2013 Capital Equity shares 3 billion won HDSI: 51.0% SAMICK HDS: 49.0% Employees 11 (24 projected by 2015) Plant floor area 2,460m 2 Business Production of high-precision domain planetary reducers Target net sales Approx. 1.5 billion yen (2015) 30

11 Core technology and wider choice of product variations Improving the basic performance of speed reducers More powerful Making products easier for customers to use Peripherals development Integration technology Lighter weight Higher precision Smaller size Product variations meeting different needs for different applications Light weight Low vibration High response Positioning accuracy Hollow shape Flat shape High-capacity bearings Low noise Fast 31

12 Expansion of product variations New product [HarmonicDrive ] Place lightweight unitary type products on the market New product [Mechatronics] Add AC servo actuator models, expand options 32

13 A never-ending upward spiral of technology and skills HDS and speed reducers over the years Era 2020s Planetary gears (AccuDrive HarmonicPlanetary ) Harmonic drive gearing (HarmonicDrive ) Steady R&D and building up skills 2010s Orthogonal axis type Hollow shaft Theoretical research 2000s 1990s Planetary reduction gear with elastic element High-precision planetary reduction gear Silk hat type Ultra flat Hightorque Type Cup type Ultra flat Silk hat type Flat, high performance Cup type Flat, high performance Silk hat type Materials development Durability testing Production technology development 1980s Cup type High precision For phase adjuster Pancake type 1970s 1960s 1950s First domestic product Harmonic Drive invented 33

14 Stepped up sales expansion in Asia China Sales expansion mainly through sales subsidiaries (also use of sales agents) New product sales expansion Technology services Marketing Focus markets: Industrial robots Machine tools Semiconductor manufacturing equipment Singapore Use of machine parts trading firm for sales expansion New product sales expansion Focus markets: Machine tools FPD manufacturing equipment South Korea Sales expansion using techsavvy sales agents New product sales expansion Customized product orders Focus markets: Machine tools Semiconductor manufacturing equipment FPD manufacturing equipment Taiwan Use of machine parts trading firm for sales expansion New product sales expansion Focus markets: Machine tools FPD manufacturing equipment 34

15 Total Motion Control Business domain Providing the value of Total Motion Control in precision control fields Schematic Concept of Total Motion Control Sensors Speed Reducers Controllers Other System Elements Drivers Motors 35