1
Consolidated Financial Highlights
First Three Months of the Fiscal Year Ending May 31,
2009 (FY5/09 1Q)
- Supplementary Information -
INTER ACTION Corporation
October 6, 2008
Copyright © 2008 INTER ACTION Corporation
2
Financial Results (FY5/09 1Q)
(yen in millions)
FY5/08 1Q
FY5/09 1Q
YoY change
(%)
Amount
%
Amount
%
Sales
299
100.0%
365
100.0%
22.2%
Gross profit
169
56.6%
150
41.2%
(11.1)%
Operating income
(86)
(28.9)%
(19)
(5.5)%
-
Ordinary income
(107)
(35.9)%
(18)
(4.9)%
-
Net income
(82)
(27.5)%
(9)
(2.6)%
-
Sales
Resumption of investments in illuminators overseas, mainly in South Korea
Cost of sales
Higher cost of sales ratio for units and maintenance other than equipment
SG&A expenses
Tight cost controls, mainly for personnel, sales promotion and R&D expenses. Cut down on SG&A expenses 85 millions yen year-on-year.
Operating income
Increase of the income from reduction in SG&A expenses
Ordinary income
Profit of 8 millions yen from foreign currency exchange
Net income
Includes gain of 30 million yen from sale of manufacturing rights resulting from sale to TesedaCorporation of non-exclusive rights to manufacture DFT (design-for-test) test system hardware
Factors affecting performance
Copyright © 2008 INTER ACTION Corporation
3
Comparison of Sales by Product
(yen in millions)
FY5/08 1Q
FY5/09 1Q
Amount
Amount
Electronics testing
equipment
294
361
Illuminators
285
305
Image testing
equipment
8
23
Tester equipment
0
31
Security systems
5
4
Total
299
365
95%
3%
0%
2%
Illuminators
Image testing equipment
Tester equipment
Security
1%
9%
6%
84%
FY5/08 1Q
FY5/09 1Q
Due to sales of
equipment to
solar cell panel
manufacturers
Due to sales of
Teseda products and
other equipment
UP 22%
Copyright © 2008 INTER ACTION Corporation
4
R&D Expenses/Capital Expenditures/
Depreciation and Amortization
(yen in millions)
FY5/08
FY5/09
1Q
Full year
1Q
R&D expenses
45
102
5
Capital expenditures
16
89
1
Depreciation and
amortization
22
113
26
Development of
new illuminators
and other activities
Mainly for purchase
of manufacturing
equipment and
software
Copyright © 2008 INTER ACTION Corporation
5
Consolidated Balance Sheets
(yen in millions)
FY5/08
FY5/09 1Q
Change
Assets
Cash and deposits in banks
1,944
1,608
(336)
Trade notes and accounts
receivable
293
297
4
Raw materials
316
319
3
Work in process
316
279
(36)
Total current assets
3,096
2,899
(196)
Total fixed assets
994
994
0
Total assets
4,091
3,894
(197)
Liabilities
Trade accounts payable
94
54
(39)
Short-term borrowings
25
18
(6)
Total current liabilities
863
792
(70)
Corporate bonds
550
510
(40)
Long-term borrowings
638
560
(77)
Total long-term liabilities
1,194
1,076
(118)
Total liabilities
2,058
1,869
(189)
Net assets
Common stock
1,102
1,102
-
Capital surplus
1,033
1,033
-
Retained earnings
337
328
(9)
Treasury stock
(435)
(435)
-
Total shareholders’ equity
2,038
2,029
(9)
Total net assets
2,033
2,025
(8)
Total liabilities and net assets
4,091
3,894
(197)
Decrease in trade
payables
Repayment of
long-term
borrowings
Booking of net loss
