Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — 1H FY2019 Earnings Presentation
14 slides from Nippon Chemi-Con's earnings presentation, Nov 8, 2019
Slide 1: First Half of Fiscal Year Ending March 31, 2020
Translation First Half of Fiscal Year Ending March 31, 2020 November 8, 2019 1
Slide 2: Overview of the 1H
Translation Overview of the 1H First Half of Fiscal Year Ending March 31, 2020 November 8, 2019 2
Slide 3: 1H FY2019 financial results summary
Translation FY2018 FY2019 YoY Change 1H 2H 1H Net Sales 72,172 68,778 57,576 (14,595) (20.2)％ Operating Income 3,130 2,007 (1,638) (4,768) ― Ratio to net sales 4.3% 2.9% (2.8)% Profit attributable to owners of parent (108) 1,025 (2,485) (2,376) ― Ratio to net sales (0.1)% 1.5% (4.3)% Capital Investm
Slide 4: Net sales by product
Translation 1H 2H 1H Percentage YoY Change of Total sales FY2018 FY2018 FY2019 (1H FY2019) Aluminum Electrolytic 60,625 57,782 48,606 84.4％ (12,019) (19.8)% Capacitors DLCAPTM 2,064 2,366 2,445 4.2% 381 18.5% Ceramic Capacitors, Varistors, etc. 1,801 1,753 1,496 2.6% (305) (16.9)% Mechanical Parts a
Slide 5: Aluminum electrolytic capacitor sales by product type
Translation Net Sales Decrease by ¥1.2 billion YoY (Billion yen) 60 -5.5 Large size -2.4 -4.1 Weak demand in industrial equipment, 50 data center, etc. 40 SMD (including conductive polymer) Large Smal size Sluggish sales of automobiles worldwide size 32% 30 60.6 38% Al-Cap sales Delayed recovery in
Slide 6: Net sales by region
Translation Net Sales Sharp decline in Greater China Greater China (Billion yen) with the impact of US-China trade friction Weak demand especially in ICT and industrial 80 equipment -10.7 Movement toward 5G base station became 70 active -1.2 -0.8 -0.5 -1.3 60 Japan Sharp decline YoY in export of ind
Slide 7: Net sales by market
Translation Net Sales Sluggish demand in automobile, (Billion yen) industrial equipment and ICT 80 -1.9 -4.6 70 -3.1 0.0 -4.6 Industrial equipment 60 -0.5 Economic downturn continued in Greater China Sharp decline in demand for machine tools, 50 Other 7% Automotive robot, SPE, etc. Electronics 32% 4
Slide 8: Results Forecast for 2H FY2019
Translation Results Forecast for 2H FY2019 First Half of Fiscal Year Ending March 31, 2020 November 8, 2019 8
Slide 9: Full-year results forecast FY2019
Translation FY2019 FY2018 Change Original Forecast Revised Forecast from YoY Original 1H 2H Full Year Forecast Full Year 1H 2H Full Year Results Forecast Forecast Net Sales 140,951 64,000 74,000 138,000 57,576 59,923 117,500 (16.6)% (14.9)% Operating Income 5,137 1,500 3,800 5,300 (1,638) 1,939 300
Slide 10: Forecast by product
Translation 1H 1H Revised Change from Revised YoY FY2018 FY2019 Forecast 1H FY2019 Forecast for 2H for full FY2019 FY2019 Aluminum 118,407 48,606 51,593 2,987 6.1% 100,200 (18,207) (15.4)% Electrolytic Capacitors DLCAPTM 4,430 2,445 2,354 (91) (3.7)% 4,800 370 8.3% Ceramic Capacitors, 3,554 1,496 1,
Slide 11: 2H forecast: aluminum capacitors by product type
Translation Net Sales Demand increase for (Billion yen) conductive polymer capacitor and hybrid capacitor 52 0.3 Large size 1.2 1.4 Recovery in demand for data center 50 Inventory correction for industrial equipment 48 SMD(conductive polymer, hybrid capacitor) Small Large Increase in demand from 5G,
Slide 12: 2H forecast: net sales by region
Translation Net Sales Launch of 5G base station, (Billion yen) Recovery in demand for server 0.0 60 0.4 0.2 Greater China Distribution inventory adjustment to improve 0.4 Steady growth in demand for 5G base 59 1.2 station Recovery in demand for server 58 Other 14% Japan Greater 59.9 Slight recovery
Slide 13: 2H forecast: net sales by market
Translation Net Sales Increase by about ¥2.3 billion YoY (Billion yen) 60 1.0 0.2 0.2 0.2 0.5 0.3 Industrial Equipment 58 Conclusion of inventory adjustment in Greater China Other 56 7% Automotive New Energy Electronics 31% 59.9 Recovery in demand for solar power ICT 27% Net Sales by generation in C
Slide 14: 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