Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — Q2 2022 Earnings Presentation
12 slides from Nippon Chemi-Con's earnings presentation, November 2022
Slide 1: Financial Results Explanatory Material for 2Q FY2022
Translation Financial Results Explanatory Material for 2Q FY2022 (Six months ended September 30, 2022) NIPPON CHEMI‐CON CORPORATION November 2022 1
Slide 2: Progress of the 9th Medium-term Management Plan
Translation 1. Progress of the 9th Medium‐term Management Plan (FY2020‐2021 Results, FY2022 Forecast） Shift to a corporate structure capable of responding flexibly to changes in the business environment Improve financial position by improving asset efficiency and reducing fixed costs FY2022 9th Medi
Slide 3: Net Sales and Operating Income
Translation 2. Net Sales and Operating Income (FY2020‐2021 Results, FY2022 Forecast) Operating income margin 7.2% 7.2% 6.4% 6.2% 2H (forecast) 5.7% 5.1% 5.4% 5.1% 4.3% 1.8% Further weakening of yen ‐1.3% Completion of structural reforms 2H (forecast) Net sales (billion yen) 38.4 38.6 78.0 36.0 37.8
Slide 4: 1H FY2022 Results and Full-Year Forecast
Translation 3. 1H FY2022 Results and Full‐Year Forecast Aim to achieve full‐year targets announced by completing structural reforms FY2021 FY2022 YoY Full‐year 1H Full‐year 1H (forecast) Amount % Net sales 66,502 140,316 77,041 155,000 +14,684 +10.5% Operating income 3,492 8,798 4,853 9,300 +501 +5.
Slide 5: Improvement Effect From Structural Reforms (1H FY2022)
Translation 5. Improvement Effect From Structural Reforms (1H FY2022) 52% of plan achieved for 1H FY2022 6.5 6.2 6.0 Fixed cost reduction 5.5 Productivity improvement 5.0 2.5 New products 4.5 Effects (billion yen) 4.0 3.5 3.2 Progress rate: 34% New product launches by 3.0 1.1 customers delayed 2.5 0
Slide 6: Improvement Effect From Structural Reforms
Translation 5. 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%
Slide 7: 2H FY2022 Forecast – Operating Income (HoH)
Translation 6. 2H FY2022 Forecast – Operating Income (HoH) Material ‐0.3 Electricity ‐1.4 Productivity improvement Selling price adjustments (Billion yen) Exchange rate (USD) 1H ¥133.97 2H ¥135.00 NIPPON CHEMI‐CON CORPORATION November 2022 7
Slide 8: Priority Measures to Accomplish Goals for FY2022
Translation 8. Priority Measures to Accomplish Goals for FY2022 １. Completion of structural reforms Method TPM SCM DX Promoting activities reforms implementation standardization 1) Improving OEE/TEEP 2) Improving per person productivity Purpose 3) Improving staff productivity 4) Improving logistics
Slide 9: Net Sales by Product – FY2022 Forecast
Translation Supplementary Material Net Sales by Product – FY2022 Forecast FY2021 FY2022 Product Composition 2H Full‐year YoY YoY Full‐year 1H (full‐year (Unit: million yen) (forecast) (forecast) forecast) amount % Aluminum 121,402 66,506 68,493 135,000 87.1% +13,597 +11.2% electrolytic Conductive 18
Slide 10: Net Sales by Market – 1H FY2021, 1H FY2022
Translation Supplementary Material Net Sales by Market – 1H FY2021, 1H FY2022 Growth in sales for the industrial equipment market Continued strong capital investment due to steady corporate performances Other Other 5% 5% Automotive Automotive electronics ICT electronics ICT 29% 28% 25% 28% 1H FY2021
Slide 11: Trends in Main Markets – 1H FY2021–2H FY2022
Translation Supplementary Material Trends in Main Markets – 1H FY2021–2H FY2022 Trends in the Three Main Markets 23.0 Full‐scale recovery expected to be delayed until FY2023 due to Automotive prolongation of Shanghai electronics lockdown and semiconductor 21.0 shortage issues Industrial Net sales (b
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