Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — Q3 FY2021 Earnings Presentation
12 slides from Nippon Chemi-Con's earnings presentation, February 2022
Slide 1: Financial Results Explanatory Material for 3Q FY2021
Translation Financial Results Explanatory Material for 3Q FY2021 (Nine months ended December 31, 2021) NIPPON CHEMI‐CON CORPORATION February 2022 1
Slide 2: 3Q FY2021 Results (Apr-Dec) Year-on-Year
Translation FY2020 FY2021 YoY (Billion yen) 3Q (Apr‐Dec) 3Q (Apr‐Dec) Amount ％ Net sales 79.85 102.49 ＋22.63 +28.3 Gross profit 14.80 22.70 +7.90 +53.3 Ratio to net sales 18.5% 22.2% +3.7pt - SG&A expenses 13.39 16.61 +3.21 +24.0 Ratio to net sales 16.8% 16.2% (0.6)pt - Operating income 1.40 6.09 +4
Slide 3: Operating Income Results and Positive/Negative Factors
Translation Positive factors: 1) Higher capacity utilization 2) Higher gross profit 3) Cost reductions 4) Selling price adjustments 5) Exchange fluctuations Negative factors: 1) Higher SG&A expenses such as logistics costs 2) Higher material/electricity costs 3) Higher manufacturing fixed costs 10.0
Slide 4: 3Q FY2021 Results Quarterly Comparison
Translation FY2020 FY2021 YoY QoQ (Billion yen) 3Q 2Q 3Q Amount % Amount ％ Net sales 27.67 33.11 35.98 +8.31 +30.0 +2.87 +8.6 Gross profit 5.72 7.02 8.53 ＋2.81 ＋49.1 +1.51 +21.5 Ratio to net sales 20.7% 21.2% 23.7% +3.0pt - +2.5pt - SG&A expenses 4.53 5.34 5.93 +1.40 +30.9 +0.59 +11.0 Ratio to net s
Slide 5: Quarterly Operating Income Results and Factors
Translation Positive factors: 1) Higher capacity utilization 2)Higher gross profit 3) Cost reductions 4) Selling price adjustments 5) Exchange fluctuations Negative factors: 1) Higher SG&A expenses such as logistics costs 2) Higher material/electricity costs Operating Income Results 4.00 8.0% 7.2% 3
Slide 6: Net Sales by Product
Translation FY2020 FY2021 YoY QoQ (Billion yen) 3Q 2Q 3Q Amount ％ Amount ％ Aluminum electrolytic 23.84 28.78 30.99 +7.15 +29.9 +2.21 +7.6 capacitors Aluminum electrolytic 19.94 24.57 26.15 +6.21 +31.1 +1.58 +6.4 capacitors Conductive polymer/Hybrid 3.90 4.21 4.83 +0.93 +24.0 +0.62 +14.8 DLCAP™ 1.03
Slide 7: 3Q FY2021 Results – Net Sales by Market
Translation 3Q FY2021 Results – Net Sales by Market Net Sales of Our Three Main Markets Net Sales by Market 12.0 11.0 Other Automotive 6% electronics 10.0 Automotive Net sales (billion yen) ICT electronics ICT 29% 9.0 27% 3Q (Apr‐Dec) 8.0 FY2021 Industrial equipment ¥102.4b 7.0 6.0 Home appliances I
Slide 8: Performance Improvement Effect From Structural Reforms
Performance Improvement Effect From Structural Reforms Translation (FY2019 Comparison) Performance improvement effect Total effect of 3Q (Apr‐Dec): ¥3.6b (94％ complete) FY2021 3Q (Apr‐Dec) FY2021 Full Main Measures Original Plan Results Year Forecast 1) Reduce fixed costs ¥1.48b Reduce personnel cos
Slide 9: FY2021 Full Year Forecast
Translation FY2020 FY2021 YoY 2H HoH HoH Full Year (Billion yen) Full Year 1H Amount % Forecast Amount % Forecast Net sales 110.78 66.50 70.49 +3.99 +6.0 137.00 +26.22 +23.7 Gross profit 21.14 14.17 15.92 +1.75 +12.3 30.10 +8.96 +42.3 Ratio to net sales 19.1% 21.3% 22.6% +1.3pt - 22.0% +2.9pt - SG&A
Slide 10: Net Sales Forecast by Product
Translation FY2020 FY2021 YoY 2H 1H Full Year (Billion yen) Full Year 1H Amount ％ Forecast Comparison Forecast Aluminum electrolytic 95.29 57.89 60.70 +2.81 118.60 +23.31 +24.5 capacitors Aluminum electrolytic 80.01 49.13 50.96 +1.83 100.10 +20.09 +25.1 capacitors Conductive 15.28 8.76 9.73 +0.97 18
Slide 11: Results and Forecast for Our Three Main Markets
Translation Other Results and Forecast for Our Three 6% Automotive electronics Main Markets 29% 25.0 ICT Auto production 31% FY2020 Rapid recovery recovery ¥110.7b in automotive Semiconductor ⇒Strong capital COVID-19 electronics shortage investment Industrial ⇒Decline in Home appliances New equipmen
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