Taiyo Holdings Co., Ltd. · TSE:4626
Taiyo — FY2016 Earnings Presentation
19 slides from Taiyo's earnings presentation, May 2, 2016
Slide 1: Consolidated Financial Result Digest FY2016
Consolidated Financial Result Digest FY2016 (Fiscal Year Ended March 31, 2016) Z TAIYO HOLDINGS CO., LTD May 2, 2016 Any information incorporated in this document is not intended for suggestion of purchase or sale of equity share of the company. All the description and projection are based on the co
Slide 2: Terminology
1 Terminology Term Definition PWB Materials Chemical products for printed wiring boards FPD Materials Chemical products for flat panel displays SR “Solder resist ink” or “solder mask” PKG Materials Chemical products for semiconductor packages 1
Slide 3: Classification of product
2 Classification of product Group Category Type Remarks Rigid Liquid for protecting surface and insulating PWB SR materials insulating PKG/FPC Liquid/Dry Film materials for interlayer insulating and hole Build-up Liquid/Dry Film plugging build-up materials FPD for touch panel, and shielding conducti
Slide 4: FY2016 Overview
3 FY2016 Overview 1 Consolidating Chugai Kasei Co., Ltd from May 2015 (11 months of consolidated period in this fiscal year) 2 Depreciation of the yen against U.S. dollar （estimated exchange rate：１USD=110yen） 3 Decrease in sales volume mainly in Greater China 4 Negative growth in worldwide main cons
Slide 5: FY2016 Consolidated financial results: Results summary
4 FY2016 Consolidated financial results Results summary JPY millions FY2015 FY2016 FY2016 results results YoY % forecasts vs. forecasts Net sales 48,260 49,843 +1,583 +3% 51,500 -1,657 97% Operating 9,254 10,964 +1,710 +18% 10,200 +764 107% income Ordinary 9,529 11,129 +1,600 +17% 10,300 +829 108% i
Slide 6: FY2016 Net sales (YoY)
5 FY2016 Net sales (YoY) Analysis of net sales JPY millions Newly consolidated Foreign currency subsidiary, Chugai Kasei fluctuation +1,537 49,843 -2,980 Increase in +3,570 sales volume 48,260 of DF Change in product mix +23 Decrease in sales volume -1,682 of PWB etc. +1,115 Decrease in sales volume
Slide 7: FY2016 Operating income (YoY)
6 FY2016 Operating income (YoY) Analysis of operating income JPY millions Foreign currency fluctuation Newly consolidated subsidiary, Chugai Kasei Change in product mix, +1,415 cost improvement 10,964 +233 Increase in 9,254 -1,416 sales volume of DF +1,815 +14 -351 Decrease in sales volume Decrease
Slide 8: FY2016 BS highlights
7 FY2016 BS highlights BS (YoY) JPY millions Assets Liabilities and Equity 70,000 65,464 70,000 65,464 61,241 61,241 60,000 60,000 21,408 Cash 20,214 Liabilities 50,000 19,766 50,000 19,929 40,000 4,016 Inventories 40,000 4,525 30,000 13,916 Other Current Assets 30,000 13,652 20,000 20,000 41,312 45
Slide 9: FY2016 CF highlights
8 FY2016 CF highlights CF (YoY) JPY millions Operating CF Investing CF Financing CF 12,000 12,000 12,000 10,000 10,000 10,000 8,000 8,000 8,000 6,000 6,000 6,000 10,546 4,000 9,232 4,000 4,000 2,000 2,000 2,000 0 0 0 (2,913) (6,750) (2,740) (2,000) (2,000) (2,000) (4,000) (4,000) (4,000) (9,919) (6,
Slide 10: FY2016 Sales results by product group category
9 FY2016 Sales results by product group category Sales results by product group category JPY millions FY2015 FY2016 40,000 35,242 33,539 30,000 20,000 9,844 10,007 10,000 3,231 1,091 1,069 1,976 1,808 292 0 Rigid PKG / FPC Build-up FPD Other 9
Slide 11: FY2016 Segment information
10 FY2016 Segment information Sales by segment (including inter-segment sales or transactions) JPY millions 25,000 FY2015 FY2016 20,000 15,000 10,000 20,421 21,820 15,786 17,002 5,000 9,614 9,854 9,199 7,739 4,451 4,140 0 Japan China Taiwan Korea Other Operating income by segment (including inter-se
Slide 12: Trend of quarterly performance
11 Trend of quarterly performance Net sales & operating income JPY millions Net sales（left axis） ● Operating income (right axis） 14,000 4,000 3,500 12,000 3,000 10,000 2,500 8,000 2,000 6,000 1,500 1,000 4,000 500 2,000 0 0 (500 ) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q
Slide 13: Electronics market forecasts
12 Electronics market forecasts A HISTROY AND FORECAST OF THE ELECTRONICS INDUSTRY Source: Prismark Partners LLC 12
Slide 14: FY2017 Financial results forecasts
13 FY2017 Financial results forecasts Financial results forecasts JPY millions FY2015 FY2016 FY2016 results (reference) vs. reference forecasts vs. forecasts Net sales 49,843 51,200 +1,357 +3% 45,700 -4,143 -8% Operating 10,964 10,100 -864 -8% 8,000 -2,964 -27% income Ordinary 11,129 9,900 -1,229 -1
Slide 15: FY2017 Net sales forecast (YoY)
14 FY2017 Net sales forecast (YoY) Net sales forecast JPY millions +1,357 Increase in sales volume of PWB, change in product mix -5,500 Foreign currency 51,200 fluctuation 49,843 45,700 FY2015 FY2016 result 120yen/USD 105yen/USD (reference) (forecast) 14
Slide 16: FY2017 Operating income forecast (YoY)
15 FY2017 Operating income forecast (YoY) Operating income forecast JPY millions +601 -1,465 Increase in sales Increase in -2,100 volume of PWB, fixed costs and change in product other factor Foreign currency mix, etc fluctuation 10,964 10,100 8,000 FY2015 FY2016 result 120yen/USD 105yen/USD (refere
Slide 17: Trend of financial results
16 Trend of financial results Trend of financial results JPY millions Net sales（left axis） ● Operating income（right axis） ● Net income（right axis） 49,843 50,000 45,700 14,000 40,000 10,964 12,000 10,000 30,000 8,000 7,796 8,000 5,500 6,000 20,000 4,000 10,000 2,000 0 0 Our net sales, operating incom
Slide 18: Capital investment & depreciation
17 Capital investment & depreciation Trend of capital investment & depreciation JPY millions Capital investment Depreciation 4,500 4,000 3,500 3,000 2,500 2,000 4,055 3,321 1,500 2,555 1,000 1,891 1,411 1,127 1,046 1,003 1,181 500 527 682 605 0 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 （forec
Slide 19: Taiyo Holdings Co., Ltd. - Next Stage
Ric as NEXT STAGE TAIYO HOLDINGS CO., LTD. Copyright © TAIYO HOLDINGS CO., LTD. All Rights Reserved.