Introduction & Business Updates Wacom Co., Ltd. TSE code 6727 June, 2016
Contents Index （Slide Page）
3-4 5-7 8-11 12-15 16 17-22 23-24 25-27 28-31 32-34 35-38 39-41 42
Our Vision and Our Mission Company Outline, Who is Wacom, and History Historical Financial Results and Dividends Wacom’s Strength, Technologies, and IP Portfolio Main Business Lines Creative Business Consumer Business Business Solution Technology Solution, CAD Sales by Segment and EMS Partners Product Portfolio and Technology Strategies Our Future Strategy and Brandings Disclaimer
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our vision
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Title Name
Date
Our Mission
4 • Confidential All Rights Reserved. Copyright © 2014 Wacom Co., Ltd..
Wacom Co., Ltd. Head Office Date of Founding Paid-in Capital President &CEO Revenue Employees Stock Market Business Line
2-510-1, Toyonodai, Kazo-shi, Saitama, Japan July 12, 1983 4.2 bn. JPY (as of March 31, 2016) Masahiko Yamada 77.6 bn. JPY (FY 3/2016) 1,232 (incl. temporary staff) (as of March 31, 2016) Tokyo Stock Exchange 1st Section (6727) ・ Brand products (creative pen tablet, etc.) ・ Technology solution (pen & touch sensor system, etc.) ・ Others (CAD software)
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Who is Wacom ? • •
Wacom is the global leader in Pen tablet market. Wacom is the key supplier of pen and multi-touch sensor components for smartphones, tablets, e-book readers, etc.
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History 1980年代 1980’s
1990年代 1990’s 2000年代 2000’s
2000 2010’s
1983 Founded in Saitama, Japan 1984 First cordless pen tablet introduced 1988 Wacom Europe (Germany) established 1990 Walt Disney adopted pen for “Beauty & the Beast” 1991 Wacom Technology (U.S.) established Subsidiaries established in Asia Pacific China (2000), Korea (2004), Australia (2005) Singapore (2006), Taiwan (2008) 2003 Listed on JASDAQ, 2005 Listed on TSE Sec. 1 2010 Wacom India established 2011 Received TSE “Disclosure Award” 2011 Smartphone adoption of pen technology 2012 Received JIRA “Best IR Award for Small Cap.” 2013 “Asia’s 200 Best Under 1 billon USD” by Forbes 2013 Selected as one of “JPX-Nikkei Index 400” shares
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Consolidated Sales (Million JPY)
82,000
78,615
80,000 70,000
74,557
77,568
61,068 Others
60,000 50,000
Technolo gy solution
40,700
40,000 30,000
20,000 10,000 0 FY 03/12 FY 03/13 FY 03/14 FY 03/15 FY 03/16 FY 03/17 Forecast All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
as of May 11, ‘16
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Consolidated Profits (Million JPY)
8,663
9,000 7,915
8,000
8,282
7,559
7,000
6,143 6,065
6,000
5,249 4,770
5,000
4,200
4,067 3,892
3,664 3,777 3,473
4,000 3,000
4,140 3,000
2,310
2,181
2,000 1,000 0 FY 03/12
FY 03/13
Operating Profit All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
FY 03/14
FY 03/15
Recurring Profit
FY 03/16 Net Profit
FY 03/17 Forecast as of May 11, ‘16 9
Key Financial Indicators OPM
ROE
ROA
20%
20% 17%
15% 12% 13%
10%
11%
10%
5%
11% 10%
10% 8%
7%
7%
10%
7% 5%
5% 5%
4%
0% FY 03/12
FY 03/13
FY 03/14
FY 03/15
FY 03/16
FY 03/17 Estimated as of May 11, ‘16
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Dividends per Share Dividend payout policy • Stable payouts to shareholders while maintaining stable financial basis necessary for future business development • Payout ratio higher than 40% 128.6% 98.7%
86.3% 37.7%
17.50
20.00 15.00
55.9% 18.00
18.00
18.00
11.25
Shares split Jun. 2013 Split 400-for 1* * Including adoption of 100 share trading-unit
Repurchase of own shares Sep.- Dec. 2013 2.0 mil. shares (1.44 bn JPY) May - Jun. 2015 2.3 mil. shares (1.22 bn JPY) May - Sep. 2016 5.0 mil. shares (2.00 bn JPY) (Plan)
10.00 5.00
0.00 FY 03/13 FY 03/14 FY 03/15 FY 03/16 FY 03/17 Estimated as of May 11, ‘16 All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Wacom’s Strengths
Global Pen tablet market share Wacom’s estimate in 201５
Operating 10 companies and 30 offices or more globally • Global presence and market share leadership • Global partnerships with major industry players Bar graphs show historical sales by region Unit : Millions of JPY Local Currency □USD Unit : K □EURO Unit : K
FY 3/14
FY 3/15
FY 3/16
Americas All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
FY 3/14
FY 3/15
Europe
FY 3/16
FY3/14 FY3/15 FY3/16 FY3/14 FY3/15 FY3/16
Asia Oceania
Japan including sales of Technology Solution (TS)
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Wacom’s Key Technology High-speed high-precision EMR position sensor
Cordless, battery free pen 2,048 levels of pen pressure sensitivity High dynamic performance High durability
Eraser Switch
Side Switch
Sensor Board
Controller
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IC
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Wacom’s Key Technology Active ES Technology Development of Wacom’s original ES (Electrostatics) Pen Technology
Shared touch sensor for both pen and touch One chip controller for pen and touch Eliminated the need for sensor board of pen, provided a lightweight solution Simply structure for system products Incorporated battery or charger system in Active ES Pen
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IP Portfolio and Strategy • •
Global IP applications and proactive IP management Global team of IP professionals for monitoring and defending IP portfolio (As of March 31, 2016)
Patents
Designs
Trademarks
Registered
Applied
Registered
Applied
Registered
Applied
Japan
142
87
86
20
87
14
Overseas
542
527
414
38
599
93
Sub total
684
614
500
58
686
107
Total
1,298
558
793
*Overseas patents are applied and registered in the United States, Europe, China, Taiwan and other key countries. * Wacom counts one trademark for one product category as one. (Accordingly, in case of one trademark owned by Wacom for two product categories, the number of trademarks is two.)
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Main Business Lines Creative business
Brand Business
Serves the passion of professional and consumer creativity Intuos, Intuos Pro, Cintiq Companion, Cintiq
Platform & application
Provides technology, apps and platforms
WILL, Wacom Cloud, Bamboo Paper, Inkspace, Sign pro PDF, etc
Consumer business
Makes daily lives more creative and enjoyable Digital Stationery: Bamboo Spark, Bamboo Stylus, etc.
Business solution
Serves society by providing innovative solutions STU (Signature Tablet), DT (Display Tablet) series, etc.
Technology Solution Business
UI technology solutions for mobile systems EMR, AES Components & modules (feelTM)
Other Business Engineering solution ・ECAD dio All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Creative Pen Tablet クリエイティブ ペンタブレット
All Rights Reserved. Copyright © 2016 2015 Wacom Co., Ltd.
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Creative Pen Tablet クリエイティブ ペンタブレット
Intuos Comic All Rights Reserved. Copyright © 2016 2015 Wacom Co., Ltd.
Intuos Draw
Intuos Art
Intuos Photo 18
Creative Mobile ペンタブレット クリエイティブ
All Rights Reserved. Copyright © 2016 2015 Wacom Co., Ltd.
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Creative Display ペンタブレット クリエイティブ
Wacom supports professional digital workflows for 3D design and modeling. All Rights Reserved. Copyright © 2016 2015 Wacom Co., Ltd.
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Creative Business End Users クリエイティブ ペンタブレット •
Graphics design and entertainment industries worldwide.
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Hobbyists
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Consumer (Digital Stationeries)
Bamboo Spark Bamboo Paper
Wacom Ink Layer Language
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Consumer (Digital Stationeries)
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Business Solution
Signature Display DT Series
Software for handwritten signatures Wacom sign pro PDF Signature Tablets STU Series All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Business Solution Medical Information Systems
Hospitals All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
Educational Solutions
Queensland Univ., Australia 26
Business Solution Digital Signature Systems
lalaport, Mitsui Fudosan Retail Management, Japan
CECA, Spain All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Technology Solution Wacom Feel IT Technologies Technologies that makes you feel different.
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Technology Solution Integrated user interface solutions with pen and multi-touch technology •
High speed, high resolution multi-touch sensor • Cordless, battery free, pressure sensitive pen • High optical performance touch panel • Low power ASIC controller
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Technology Solution Customers Projects
Wacom Feel IT Technologies
Tablets and note PC models on Windows OS Smartphones and Tablets on Android OS
General Mobile etab5
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ECAD dio (CAD Software) The domestic market leader of CAD Software for electrical and machinery engineering
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Sales by Business Lines FY 03/2016 (results) Others 0.9% (For Note PC, etc. 2.7%) (For Tablet
(Pen Tablet 31.1%)
12.3%)
Technology Solution 36.1%
(For smartphone 21.1%)
77.6
Creative 53.8%
bn. JPY
(Moobile 5.7%)
(Display 17.0%)
Business Solution 6.4% Consumer 2.8% All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Sales by Region FY 03/2016 (results) Japan 10.2% Asia Technology Oceania Solution 14.4% 77.6 36.1% bn. JPY Americas Europe 20.2% 19.1%
(Note) There are no regional segments in Technology Solution Business. All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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EMS Partners Overseas EMS production approx. 98% Domestic EMS production approx. 1% Domestic in-house production under 1% Pen tablet product EMS partners Display, mobile product EMS partner
Cintiq 27HD Cintiq 22HD
Consumer product EMS partners
Signature tablet
Business Sol. product EMS partners Technology Sol. EMS partners
Bamboo Stylus
22” Display pen tablet 11” LCD pen tablet Intuos pro Intuos series
Component Pen Sensor
Cintiq 13HD Cintq Companion
Component Touch Sensor Bamboo Stylus
Vietnam All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
Component Pen Sensor 34
Product Portfolio Technology Sol.
Mobile
Brand Product
Consumer
Pro-Business
Wacom Ink Layer Language Signature tablet
Desktop All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Wacom Ink Layer Language A cross platform universal ink system made possible by WILLTM
iOS
Android
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Windows
Windows/MacOS
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Seamlessly exchange WILL™ data through cloud platform and services Build a solution enabling ink
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Technology strategies Multi-technology Solution EMR + AES（Active ES） + WILL Open Partnership Policy Extend pen technology base and pen application areas Promote new digital ink standard and pen apps development
Open up the era of “digital stationeries” All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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Our Future Strategy From technology to people From pen to user interface solutions From professionals to consumers Anywhere in the world, for everybody in the world
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Simple, Natural, Intuitive.
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our brand
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Disclaimer Forward-looking statements regarding future events and performance contained in this presentation are based on currently available information and involve risks and uncertainties, including macroeconomic conditions, trends of the industry in which the company is engaged, and progress in new technologies. Please note that actual results could materially differ from those expressed or implied by the forwardlooking statements in this presentation due to these risks and uncertainties. All rights reserved. All other company names and product names are trademarks or registered trademarks of their respective owners. Investor Relations Inquiries Wacom Co., Ltd. TEL：+81-3-5337-6502 FAX：+81-3-5337-6519 Sumitomo Fudosan Shinjuku Grand Tower 31F, 8-17-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo 160-6131, Japan Wacom homepage http://www.wacom.com IR website http://investors.wacom.com/en-jp/ All Rights Reserved. Copyright © 2016 Wacom Co., Ltd.
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