Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — FY2018 Earnings Presentation
17 slides from Nippon Chemi-Con's earnings presentation, May 14, 2019
Slide 1: Presentation Material
Translation Presentation Material Fiscal Year Ended March 31, 2019 Fiscal Year Ended March 31, 2019 May 14, 2019 1
Slide 2: FY2018 Results / FY2019 Plan
Translation ● FY2018 Results ○ FY2019 Plan Fiscal Year Ended March 31, 2019 May 14, 2019 2
Slide 3: FY2018 results vs February forecast and prior year
Translation With the deterioration in the business environment from December both net sales and operating income fell below the February forecast FY2018 Change FY2017 Change from (Billion yen) Feb. Forecast Results YoY Change Feb. Forecast Net Sales 133.36 142.00 140.95 ＋5.7％ (0.7)％ Operating Income
Slide 4: Net sales and operating income, FY2011-FY2018
Translation (Operating income) Great East Japan (Net sales) Earthquake Competition laws (Billion yen) (Billion yen) Implementation of Business Structural reform Review of policies for affiliate companies 150.0 Management System 140.9 15.0 Net sales 133.3 Operating income 123.3 125.0 118.4 116.3 10.0
Slide 5: Net sales by market
Translation Remained at +5.7% YoY growth affected by major production adjustment mainly in Greater China from the end of 2018 with the impact of escalating US-China trade friction Net sales (Billion yen) 160 Sales ratio for automotive electronics have reached 30% for the first time Driven by the gro
Slide 6: Operating income YoY positives and negatives
Translation Main positives: 1)Effective sales promotion in automotive electronics and home appliance 2) Effect of selling price adjustment 3) Optimization of SCM (improvement in logistics cost) Main negatives: 1) Higher materials and electricity costs 2) Higher manufacturing fixed costs including la
Slide 7: FY2019 Plan
Translation ○ FY2018 Results ● FY2019 Plan Fiscal Year Ended March 31, 2019 May 14, 2019 7
Slide 8: Fiscal Year Ended March 31, 2019
Translation 130 117 113 110 100 90 70 FY2017 FY2018 FY2019(Fore c as t) 130 102 110 98 100 90 70 FY2017 FY2018 FY2019(Fore c as t) Fiscal Year Ended March 31, 2019 May 14, 2019 8
Slide 9: Fiscal Year Ended March 31, 2019
Translation 130 110 92 100 83 90 70 FY2017 FY2018 FY2019(Fore c as t) 130 INDEX：2016-1H = 100 110 INDEX：FY17-1H = 100 110 100 100 90 70 FY2017 FY2018 FY2019(Fore c as t) Fiscal Year Ended March 31, 2019 May 14, 2019 9
Slide 10: Fiscal Year Ended March 31, 2019
Translation 130 103 105 110 100 90 70 FY2017 FY2018 FY2019(Fore c as t) 130 INDEX：2016-1H = 100 INDEX：FY17-1H = 100 106 110 103 100 90 70 FY2017 FY2018 FY2019(Fore c as t) Fiscal Year Ended March 31, 2019 May 14, 2019 10
Slide 11: Restoring public confidence and improving corporate value toward the 90th anniversary
Translation Restoring the public confidence and improving corporate value toward the 90th anniversary(promoting aggressive management from shareholders' perspective) "Creating a platform for growing into a company with annual sales of 200 billion yen in the 9th Medium-term management plan" Provide c
Slide 12: FY2019 goals
Translation FY2019 goals Strengthen growth potential (improve sales ratio for automotive electronics) ● FY2017 28% → FY2018 30% → FY2019 goal:31% Enhance new product development for automotive electronics and conduct capital investment to increase production capacity of conductive polymer capacitors
Slide 13: FY2019 forecast
Translation YoY increase projected in operating income by improving the gross profit rate despite negative growth projected in net sales with the impact of U.S-China trade friction FY2018 FY2019(Forecast) (Billion yen) 1H 2H Full Year 1H 2H Full Year YoY Net Sales 72.17 68.77 140.95 64.00 74.00 138.
Slide 14: Fiscal Year Ended March 31, 2019
Translation Fiscal Year Ended March 31, 2019 May 14, 2019 14
Slide 15: Sales ratio by market
Translation Other Other 7% 6% Automotive Automotive Electronics Electronics 30% ICT ICT 31% 26% 27% Home Home Industrial Industrial Appliances New Appliances Equipment New 11% Energy 10% Equipment 23% Energy 3% 23% 3% Fiscal Year Ended March 31, 2019 May 14, 2019 15
Slide 16: Sales ratio by region
Translation 100% 90% 21% 21% Japan 24% 24% 22% 22% 80% 10% 10% 10% 10% 11% Americas 70% 10% 10% 10% 11% 12% 13% 60% 11% Europe 50% 40% 44% 45% 42% 44% 43% 41% Greater 30% China 20% 10% 12% 14% 13% 13% 13% 14% Other 0% FY2014 FY2015 FY2016 FY2017 FY2018 FY2019(Forecast) Fiscal Year Ended March 31, 20
Slide 17: Note on projected performance figures
Translation 〔Note〕 The projected performance figures in this material are based on information available to Nippon Chemi-Con’s management at the time this material was prepared. There are many uncertain factors inherent in forecasting, and there might be cases in which actual results differ from for