Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — 1H FY2021 Earnings Presentation
14 slides from Nippon Chemi-Con's earnings presentation, November 2021
Slide 1: Financial Results Explanatory Material for 1H FY2021
Translation Financial Results Explanatory Material for 1H FY2021 (Six months ended September 30, 2021) NIPPON CHEMI‐CON CORPORATION November 2021 1
Slide 2: Net sales and operating income margin improved rapidly
Translation Net sales and operating income margin improved rapidly with the recovery of our key markets and implementation of structural reforms ◆Net sales: Continuation of large orders with the recovery of automotive electronics/industrial equipment/ICT markets ◆Operating income margin: Effects of
Slide 3: 1H FY2021: Net Sales by Market
Translation 1‐2. 1H FY2021: Net Sales by Market Net sales in the Net sales three main markets Net sales by market (billion yen) 25 Recovery from COVID‐19 Other Supply chain disruption COVID-19 5% Automotive Automotive electronics 20 electronics ICT 29% 28% ICT 1H FY2021 66.5 Industrial equipment bil
Slide 4: Operating Income Positive/Negative Factors
Translation Operating Income Positive/Negative Factors (+)Recovery of the industrial equipment market due to Operating income Operating strong corporate capital investments (billion yen) income margin (ー)Higher logistics costs from disruption in the supply chain (ー)Higher material/electricity costs
Slide 5: Structural reform effects
Translation Effect (billion yen) 8.0 2.69 5.1 7.0 0.86 New products 1.44 3.8 0.88 6.0 2.41 1.1 0.95 Productivity （progress: 63％） 5.0 1.76 0.7 0.58 4.0 0.88 Fixed costs 2.0 1.90 3.0 1.48 2.44 0.95 0.07 0.24 2.0 0.46 0.69 0.96 0.96 1.0 0.17 0.23 1.52 0.56 0.0 1H 2H Full Year 1H 2H FY2021 FY2021 FY2020
Slide 6: Income statement summary and full year plan
Translation FY2021 FY2020 2H Full Year YoY 1H 1H (Plan) Comparison (Plan) 1H 2H Full Year Amount % Net sales 52.187 58.600 110.788 66.502 65.498 (1.004) 132.000 +21.212 +19.1% Gross profit 9.077 12.071 21.147 14.172 13.628 (0.544) 27.800 +6.653 +31.4% Ratio to net sales 17.4% 20.6% 19.1% 21.3% 20.8%
Slide 7: Operating Income Positive/Negative Factors (2H forecast)
Translation Operating Income Positive/Negative Factors (＋)Recovery of the industrial equipment market due to Operating income Operating income continuation of strong corporate capital investments (billion yen) margin (ー)Higher material/electricity costs from electricity shortage in China 5.00 6.0% 5
Slide 8: Net sales by product
Translation FY2021 FY2020 YoY Change 1H Full Year 1H 2H Plan Comparison Plan Full Year Amount % Aluminum electrolytic capacitors 95.294 57.897 56.603 (1.294) 114.500 +19.206 +20.1% Aluminum electrolytic capacitors 80.010 49.134 47.296 (1.838) 96.430 +16.420 +20.5% Conductive polymer, hybrid 15.285 8
Slide 9: Net sales result and forecast of three main markets
Translation Net sales result and forecast of our Other Net sales 5% Automotive (billion yen) three main markets electronics ICT 29% 25.0 31% FY2020 Sharp recovery Semiconductor 110.7 Semiconductor in automotive shortage billion yen COVID-19 shortage electronics resolved??? Decline in auto Industrial
Slide 10: Shifting to a solid earnings structure
Translation Shifting to a solid earnings structure ■Improvement of OEE1, TEEP2 & per person productivity to respond to increases in production without increasing employees or facilities Improvement effect Improvement rate of million pcs/month Improvement effect Improvement plan capacity utilization
Slide 11: Toward the next growth
Translation Toward the next growth ■Growth strategy for 10, 20 years from now (100th anniversary) Kickoff of the 100th anniversary project and establishment of a long‐term plan in 2021 ■Realization of the smart factory concept 9th Medium‐term Management Plan FY2020 FY2021 FY2022 ◆Quantification of Q
Slide 12: Product planning reform, product development and market proposals
Translation ■Product planning reform, Product development and market proposals: perspective rooted in society Nippon Chemi‐Con technology initiatives related to the environments impacting our society and customers Carbon neutral Vehicle Perpetual CO2 reduction electrification connections Product dev
Slide 13: Commencement of studies toward evaluations based on the TCFD framework
Translation Commencement of studies toward evaluations based on the TCFD framework The Nippon Chemi‐Con Group has commenced studies toward evaluations based on the framework outlined by the Task Force on Climate‐related Financial Disclosures (TCFD). This reflects Nippon Chemi‐Con’s awareness of clim
Slide 14: Note
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 fo