Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — Q3 FY2022 Earnings Presentation
12 slides from Nippon Chemi-Con's earnings presentation, February 2023
Slide 1: Financial Results Explanatory Material for 3Q FY2022
Translation Financial Results Explanatory Material for 3Q FY2022 (Nine months ended December 31, 2022) NIPPON CHEMI‐CON CORPORATION February 2023 1
Slide 2: 1Q-3Q FY2022 Results Summary
Translation FY2021 FY2022 YoY 1Q‐3Q 1Q‐3Q Amount (%) Net sales 102.49 119.89 ＋17.40 +17.0 Operating income 6.09 9.01 +2.92 +48.0 Ratio to net sales 5.9% 7.5% +1.6pt - Ordinary income 5.73 7.80 +2.06 +36.1 Ratio to net sales 5.6% 6.5% +0.9pt - Profit/loss attributable to (13.67) 2.05 +15.72 ‐ owners
Slide 3: 1Q-3Q FY2022 Operating Income (YoY)
Translation 1Q‐3Q FY2022 Operating Income (YoY) Material ‐4.0 Electricity ‐2.6 Productivity improvement (billion yen) Selling price adjustments Exchange rate (USD) FY21 ¥111.10 FY22 ¥136.51 NIPPON CHEMI‐CON CORPORATION February 2023 3
Slide 4: Improvement Effect From Structural Reforms (1Q-3Q FY2022)
Translation Improvement Effect From Structural Reforms (1Q‐3Q FY2022) 80% of plan achieved as of 3Q FY2022 7.0 6.2 Fixed cost reduction 6.0 Productivity improvement New products 4.9 5.0 2.5 Progress rate: 67% Effects (billion yen) Increased adoption of hybrid 4.0 1.7 capacitors in markets besides th
Slide 5: Improvement Effect From Structural Reforms (FY2020-2021 Results, FY2022 Forecast)
Translation Improvement Effect From Structural Reforms (FY2020‐2021 Results, FY2022 Forecast) Improvement of OEE1, TEEP2 & per person productivity to respond to increases in production without increasing employees or facilities Improvement effect forecasted to exceed Medium‐term goals 100.0 25.0% 21
Slide 6: Net Sales and Operating Income Margin (FY2020-2022 Results)
Translation Net Sales and Operating Income Margin (FY2020‐2022 Results) Operating income margin 9.7% 7.2% 7.2% 6.4% 6.2% 5.1% 5.4% 5.1% 4.3% 1.8% -1.3% Weak yen Strong yen Completion of structural reforms Net sales (billion yen) 42.8 37.8 38.4 38.6 36.0 33.4 33.1 30.9 28.4 27.7 Russia‐Ukraine war 23
Slide 7: FY2022 Forecast vs Previous Forecast
Translation FY2022 Previous 4Q Revised Change from 1Q‐3Q forecast forecast forecast previous forecast Net sales 155.00 119.89 40.10 160.00 +5.00 +3.2% Operating income 9.30 9.01 2.48 11.50 +2.20 +23.6% Ratio to net sales 6.0% 7.5% 6.2% 7.2% +1.2pt - Ordinary income 8.80 7.80 1.69 9.50 +0.7 +7.9% Rat
Slide 8: FY2022 Full-Year Forecast - Operating Income (vs Previous Forecast)
Translation FY2022 Full‐Year Forecast ‐ Operating Income (vs Previous Forecast) Productivity Exchange rate Selling price improvement (USD) adjustments Previous ¥134.49 Revised ¥134.88 (billion yen) NIPPON CHEMI‐CON CORPORATION February 2023 8
Slide 9: Net Sales by Product - FY2022 Forecast (vs Previous Forecast)
Translation Net Sales by Product ‐ FY2022 Forecast (vs Previous Forecast) (million yen) FY2022 Product Previous 4Q Revised Ratio Change from 1Q‐3Q forecast forecast forecast (％) previous forecast Aluminum electrolytic 135,000 104,298 35,601 139,900 87.4 +4,900 +3.6% capacitors Conductive polymer/ 21
Slide 10: Net Sales by Market (1Q-3Q FY2021 vs 1Q-3Q FY2022)
Translation Net Sales by Market (1Q‐3Q FY2021 vs 1Q‐3Q FY2022) ‐ Global movement towards carbon neutrality → Expansion of new energy market ‐ Continued production adjustment and inventory adjustment in ICT market due to decreased demand of PCs and smartphones Other Other 6% 7% Automotive Automotive
Slide 11: Main Markets Forecast: Trends in the Three Main Markets
Translation Main Markets Forecast Trends in the Three Main Markets 24.0 Automotive ‐ Further electrification electronics 22.0 ‐ Increased demand of components Industrial Net sales (billion yen) equipment 20.0 ICT 18.0 ‐ PC/smartphone market downturn ‐ Production/inventory adjustment to continue 16.0
Slide 12: Note
Translation 〔Note〕 This material has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The projected performance figures in this material are based on informa