Slide 1: FY2018 Financial Results Briefing
FY2018 Financial Results Briefing May 16, 2019 （Securities Identification Code: 6787）
Slide 2: FY2018 Results / FY2019 Plan / The prospect in the future
１ FY2018 Results ２ FY2019 Plan 3 The prospect in the future 2
Slide 3: Financial Results Highlights in FY2018
Financial Results Highlights in FY2018 Net sales increased 10,400 million yen to 118,900 million yen. •Automotive increased 13% year on year to 54,700 million yen Net sales • Smartphones are flat year on year to 32,500 million yen • Sales in other fields increased 14% year on year to 31,700 million
Slide 4: FY2018 Consolidated Business Performance
FY2018 Consolidated Business Performance （100 million yen） Year-on-year FY2017 FY2018 performance performance Increase % N e t s a l e s 1,085 1,189 104 9.6% Operating income 74 89 15 19.7% 6.9% 7.5% Ordinary income 48 86 38 79.6% 4.4% 7.2% N e t i n c o m e 43 67 24 54.2% 4.0% 5.6% Average Exchange
Slide 5: Net sales, Operating income
Net sales , Operating income （100 million yen） Operating Operating Net sales Margin income Operating Net sales (Total) income 40 8.2% 9.2% 9.0% 7.5% 7.3% 7.1% 6.9% 300 6.0% 315 5.8% 5.9% 5.9% 303 298 4.2% 277 280 274 32 273 30 252 250 255 234 26 200 223 25 24 20 19 17 17 16 15 15 100 10 9 7 0 0 16Q1
Slide 6: FY2018 Product Revenue
FY2018 Product Revenue (100 million yen) FY2017 FY2018 Difference Operating Operating Operating income income Sales i n c o m e Sales Sales % % % % 37 39 64 2 Automotive 483 547 7.7% 7.1% 13.3% 5.4% 27 38 1 11 Smartphones 324 325 8.3% 11.7% 0.3% 40.7% 10 12 39 2 Others 278 317 3.6% 3.8% 14.0% 20.0%
Slide 7: Analysis of operating profit change FY2017→FY2018
Analysis of operating profit change FY2017→FY2018 (100 million yen) Increase variable expenses for increased sales 104 Exchange Rate Fixed cost SG&A Increase in Sales FY2017 performance FY2018 performance (Exchange rate 110.66yen/us$) (Exchange rate111.04yen/us$) 7
Slide 8: By product Application
By product Application （100 million yen ） Automobiles Smartphones Storage Office equipment Digital home appliances Industrial equipment Amusement IoT EMS 21 44 (1.8%) (3.7%) FY2018 547 325 46 13 75 (3.9%) (1.1%) (6.3％) 1,189 (46.0%) (27.3%) 65 53 (5.5%) (4.5%) ＋64 ＋23 ＋104 (13.3%) (109.5%) (9.6%) 22
Slide 9: By product specification
By product specification （100 million yen ） Double-sided PCB Four-layerPCB Six layers or more HDI PCB High Dissipation PCB Flexible PCB EMS 13 (1.1%) FY2018 76 300 222 485 75 (6.3%) 1,189 (6.4%) (25.2%) (18.7%) (40.8%) 18 (1.5%) +45 +38 ＋104 (25.4%) (8.5%) (9.6%) 9 (0.8%) FY2017 77 299 177 447 72 1,
Slide 10: FY2018 Results / FY2019 Plan / The prospect in the future
１ FY2018 Results ２ FY2019 Plan 3 The prospect in the future 10
Slide 11: The prospect in the future
The prospect in the future Affected by a drop in demand in the previous quarter, but gradually recovering •Automotive are expected to increase as demand recovers and new business starts Net • Smartphone is likely to reduce build-up substrates for other applications sales • Others are expected to inc
Slide 12: Consolidated financial prospect for FY2019
Consolidated financial prospect for FY2019 （100million yen） Difference FY2018 FY2019 increase % Net Sales 1,189 1,200 11 0.9% Operating 89 75 -14 -16.0% i n c o m e 7.5% 6.3% Ordinary 86 63 -23 -26.8% i n c o m e 7.2% 5.3% N e t 67 53 -14 -21.4% i n c o m e 5.6% 4.4% Exchange rate （Yen /USD） 111.04
Slide 13: FY2019 Product Revenue
FY2019 Product Revenue （100million yen） FY2018 FY2019 Difference Operating Operating Operating income income Sales i n c o m e Sales Sales % % % % 39 40 6 1 Automotive 547 553 7.1% 7.2% 1.1% 2.6% 38 22 -51 -16 Smartphones 325 274 11.7% 8.0% -15.7% -42.1% 12 13 56 1 Others 317 373 3.8% 3.5% 17.7% 8.3
Slide 14: Sales forecast By product Application in FY2019
Sales forecast By product Application in FY2019 （100million yen） Automobiles Smartphones Storage Office equipment Digital home appliances Industrial equipment Amusement IoT EMS 19 69 (1.6％) (5.8％) FY2019 553 274 43 (3.6%) (2.5%) 30 89 1,200 (46.1%) (22.8%) (7.4％) 65 58 (5.4%) (4.8％) +6 -51 ＋11 (1.1%
Slide 15: Sales forecast by product specification in FY2019
Sales forecast by product specification in FY2019 （100million yen） Double-sided PCB Four-layerPCB Six layers or more HDI PCB High Dissipation PCB Flexible PCB EMS 9 (0.8%) FY2019 79 279 222 502 89 1,200 (6.6%) (23.3%) (18.5%) (41.8%) (7.4%) 20 (1.7%) -21 +17 +14 +11 (-7.0%) (3.5%) (18.7%) (0.9%) 13
Slide 16: FY2018 Results / FY2019 Plan / The prospect in the future
１ FY2018 Results ２ FY2019 Plan 3 The prospect in the future 16
Slide 17: Expand the scale while strengthening the financial position
Expand the scale while strengthening the financial position ・Reduce interest-bearing debt through curbing investment ・As a result, improve the equity ratio and the ratio of net debt to sales ・With the completion of a new plant in Vietnam, we aim to double the scale of production in three years Capit
Slide 18: Transition of dividends
Transition of dividends (Yen) 50 Increase profits and aim to increase dividends 40 30 15 Interim 20 dividend 10 End-of-the- 10 20 year dividend 10 10 0 FY2016 FY2017 FY2018 18
Slide 19: MSAP Business Policy
MSAP Business Policy In the smartphone market, requirements for printed circuit boards are changing due to the new communication infrastructure “5G” Demand for PCBs in the Smartphone Market Accelerates High Definition 2019 "5G" the first year High speed High definition image Large capacity AR / VR t
Slide 20: FPC business policy
FPC business policy In the future, the FPC market is expected to be used in many vehicles, and we can leverage our strengths. In the field of communications, we will accelerate the response to a wide range of products such as high-speed communications products. Flexible printed circuits Automotive I
Slide 21: Vietnam factory policy
Vietnam factory policy Site area ：170,000㎡ Factory area：80,000㎡＋45,000㎡＋20,000㎡ (Third factory ) (first Factory) Third factory First Factory Expansion of the first Factory Second Factory ・FPC business expansion ・EMS business expansion Third factory construction ・High-end smartphone ・MSAP integrated