Taiyo Holdings Co., Ltd. · TSE:4626

Taiyo — Q2 FY2017 Earnings Presentation

13 slides from Taiyo's earnings presentation, Oct 31, 2016

  1. Slide 1: Consolidated Financial Result Digest FY2017 Q2

    Consolidated Financial Result Digest FY2017 Q2 (Fiscal Year Ended March 31, 2017) Z TAIYO HOLDINGS CO., LTD October 31, 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 o

  2. Slide 2: Terminology

    1 Terminology Term Definition PWB Printed wiring boards SR “Solder resist ink” or “solder mask” PKG Semiconductor packages 1

  3. Slide 3: Classification of product

    2 Classification of product Group Category Type Remarks high-end Rigid Liquid regular ・SR materials for insulation and surface PWB protection use PKG Liquid/Dry Film insulating materials FPC Liquid/Dry Film ・build-up materials for interlayer insulation Build-up Liquid/Dry Film and hole plugging use

  4. Slide 4: FY2017 Q2 Overview

    3 FY2017 Q2 Overview 1 Depreciation of the yen against U.S. dollar *Estimated exchange rate:1USD=105yen / Actual exchange rate：1USD=106yen A year-on-year slight increase in FY2017 Q2 sales volume while 2 negative growth forecast* in worldwide main consumer electronics and semiconductor market in 201

  5. Slide 5: FY2017 Q2 Consolidated financial results: Results summary

    4 FY2017 Q2 Consolidated financial results Results summary JPY millions FY2017 FY2016 FY2017 H1 progress FY2017 YoY % Q2 Q2 forecasts rate forecasts Net sales 25,400 23,442 -1,958 -8% 23,000 102% 45,700 Operating 5,807 4,557 -1,250 -22% 4,100 111% 8,000 income Ordinary 5,889 4,602 -1,287 -22% 3,950

  6. Slide 6: FY2017 Q2 Net sales (YoY)

    5 FY2017 Q2 Net sales (YoY) Analysis of net sales JPY millions Newly consolidated subsidiary, Taiyo Green Energy +329 +29 +310 Change in product -2,841 mix,etc. Increase in sales volume Increase in +215 sales volume of PWB etc. of DF Foreign currency fluctuation 25,400 23,442 FY2016 Q2 FY2017 Q2 5

  7. Slide 7: FY2017 Q2 Operating income (YoY)

    6 FY2017 Q2 Operating income (YoY) Analysis of operating income JPY millions +179 +139 -8 -1,560 Newly Increase in Increase in consolidated sales volume sales volume subsidiary, of PWB etc. of DF Taiyo Green Energy Foreign currency fluctuation, 5,807 change in product mix, SGA, etc. 4,557 FY2016 Q2

  8. Slide 8: FY2017 Q2 BS highlights

    7 FY2017 Q2 BS highlights BS (YoY) JPY millions Assets Liabilities and Equity 70,000 65,464 70,000 65,464 63,815 63,815 60,000 60,000 21,408 20,214 19,503 Liabilities 50,000 21,775 Cash 50,000 40,000 4,016 3,803 Inventories 40,000 13,916 30,000 12,943 Other Current Assets 30,000 20,000 45,250 44,312

  9. Slide 9: FY2017 Q2 CF highlights

    8 FY2017 Q2 CF highlights CF (YoY) JPY millions Operating CF Investing CF Financing CF 8,000 8,000 8,000 6,000 6,000 6,000 4,000 4,000 4,000 2,000 4,564 2,000 2,000 3,701 204 0 0 0 (1,178) (656) (2,000) (2,000) (3,369) (2,000) (4,000) (4,000) (4,000) FY2016 FY2017 FY2016 FY2017 FY2016 FY2017 Q2 Q2 Q

  10. Slide 10: FY2017 Q2 Sales results by product group category

    9 FY2017 Q2 Sales results by product group category Sales results by product group category JPY millions FY2015 Q2 FY2016 Q2 15,000 FY2017 Q2 10,320 10,123 10,000 9,056 7,408 7,741 6,400 4,814 4,746 4,531 5,000 2,722 1,726 1,523 778 867 865 0 Rigid (high-end) Rigid (regular) PKG Build-up/FPC Other *

  11. Slide 11: FY2017 Q2 Segment information

    10 FY2017 Q2 Segment information Sales by segment (including inter-segment sales or transactions) JPY millions 12,000 FY2016 Q2 FY2017 Q2 10,000 8,000 6,000 11,320 10,439 4,000 8,651 8,594 2,000 5,014 4,128 3,889 4,073 2,263 1,990 0 Japan China Taiwan Korea Other Operating income by segment (includi

  12. 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

  13. Slide 13: Taiyo Holdings Co., Ltd. - Next Stage

    Ric as NEXT STAGE TAIYO HOLDINGS CO., LTD. Copyright © TAIYO HOLDINGS CO., LTD. All Rights Reserved.

Taiyo Holdings — Q2 FY2017 Earnings Presentation on 6ix