Nisshinbo Holdings Inc. · TSE:3105
Nisshinbo — FY2021 Earnings Presentation
48 slides from Nisshinbo's earnings presentation, Feb 10, 2022
Slide 1: Financial Results for FY2021
Financial Results for FY2021 (Jan. 2021 – Dec. 2021) Nisshinbo Holdings Inc. Feb. 10, 2022
Slide 2: Table of Contents
Table of Contents 1. FY2021 Results Overview P.3 2. Forecast for FY2022 P.11 3. Business strategies of Microdevices P.21 4. Appendix P.45 The earnings forecasts contained in these materials are based on information currently available to the Company and are not promises of achievement. 2
Slide 3: 1. FY2021 Results Overview
NSSHNBO 1. FY2021 Results Overview
Slide 4: 1-1. Financial Highlights (y/y)
1-1. Financial Highlights (y/y) （mil. yen） FY2020 FY2021 Change results results rate Net sales 457,051 510,643 +53,591 +11.7% Operating income 1,248 21,788 +20,540 - Ordinary income 3,466 25,358 +21,892 +631.5% Net income Attributable 13,540 24,816 +11,275 +83.3% to Owners of Parent (y/y) ■Net sales
Slide 5: 1-2. FY2021 Net sales (y/y)
1-2. FY2021 Net sales (y/y) （mil. yen） FY2020 FY2021 Change results results rate Wireless comms 144,312 155,084 +10,772 +7.5% Microdevices 61,140 77,373 +16,233 +26.6% Brakes 114,826 138,295 +23,468 +20.4% Precision instruments 51,419 55,768 +4,349 +8.5% Chemicals 9,577 11,083 +1,505 +15.7% Textiles
Slide 6: 1-2. FY2021 Net sales (y/y)
1-2. FY2021 Net sales (y/y) Millions of yen 6
Slide 7: 1-3. FY2021 Operating income (y/y)
1-3. FY2021 Operating income (y/y) （mil. yen） FY2020 FY2021 Change results results rate Wireless comms 2,575 7,814 +5,239 +203.4% Microdevices -3,895 4,291 +8,186 - Brakes -2,289 3,558 +5,847 - Precision instruments -948 715 +1,663 - Chemicals 1,811 2,054 +243 +13.4% Textiles -812 -1,022 -210 - Real
Slide 8: 1-3. FY2021 Operating income (y/y)
1-3. FY2021 Operating income (y/y) Millions of yen 8
Slide 9: 1-4. Ordinary income to net income (y/y)
1-4. Ordinary income to net income(y/y) （mil. yen） FY2020 FY2021 Change results results rate Operating income 1,248 21,788 +20,540 - Non-operating income 6,936 8,337 +1,400 +20.2% Non-operating expenses 4,718 4,767 +48 +1.0% Ordinary income 3,466 25,358 +21,892 +631.5% Extraordinary income 22,898 4,
Slide 10: 1-4. Ordinary income to net income (y/y)
1-4. Ordinary income to net income(y/y) Millions of yen 10
Slide 11: 1-5. FY2021 compared to FC
1-5. FY2021 compared to FC （mil. yen） FY2021 FY2021 Compared to FC FC results rate Net sales 504,000 510,643 +6,643 +1.3% Operating income 6,800 21,788 +14,988 +220.4% Ordinary income 10,000 25,358 +15,358 +153.6% Net income Attributable to 4,000 24,816 +20,816 +520.4% Owners of Parent Compared to F
Slide 12: 1-6. FY2021 Net sales compared to FC
1-6. FY2021 Net sales compared to FC （mil. yen） FY2021 FY2021 Compared to FC FC results rate Wireless comms 162,000 155,084 -6,916 ▲4.3% Microdevices 71,000 77,373 +6,373 +9.0% Brakes 121,000 138,295 +17,295 +14.3% Precision instruments 57,000 55,768 -1,232 ▲2.2% Chemicals 13,000 11,083 -1,917 ▲14.7
Slide 13: 1-6. FY2021 Net sales compared to FC
1-6. FY2021 Net sales compared to FC Millions of yen 13
Slide 14: 1-7. FY2021 Operating income compared to FC
1-7. FY2021 Operating income compared to FC （mil. yen） FY2021 FY2021 Compared to FC FC results rate Wireless comms 3,800 7,814 +4,014 +105.6% Microdevices 1,100 4,291 +3,191 +290.1% Brakes -2,000 3,558 +5,558 - Precision instruments 300 715 +415 +138.3% Chemicals 2,500 2,054 -446 ▲17.8% Textiles 1,5
Slide 15: 1-7. FY2021 Operating income compared to FC
1-7. FY2021 Operating income compared to FC Millions of yen 15
Slide 16: 2. Forecast for FY2022
NSSHNBO 2. Forecast for FY2022 16
Slide 17: 2-1. Highlights of forecast
2-1. Highlights of forecast for FY2021 (y/y) ■ Net Sales Expected to Increase (+) Wireless comms, Microdevices, Brakes, Chemicals, Textiles ■ Operating income Expected to increase(+) Wireless comms, Microdevices, Brakes, Precision, Chemicals, Textiles ■ Net income Expected to decrease (ー) Increase i
Slide 18: 2-2. Sales forecast for FY2022
2-2. Sales forecast for FY2022 （mil. yen） FY2021 FY2022 Change results FC rate Wireless comms 155,084 165,000 +9,916 +6.4% Microdevices 77,373 82,000 +4,627 +6.0% Brakes 138,295 143,000 +4,705 +3.4% Precision instruments 55,768 53,000 -2,768 ▲5.0% Chemicals 11,083 12,500 +1,417 +12.8% Textiles 34,47
Slide 19: 2-3. Operating Income forecast for FY2022
2-3. Operating Income forecast for FY2022 （mil. yen） FY2021 FY2022 Change results FC rate Wireless comms 7,814 8,000 +186 +2.4% Microdevices 4,291 4,500 +209 +4.9% Brakes 3,558 4,500 +942 +26.5% Precision instruments 715 2,000 +1,285 +179.7% Chemicals 2,054 2,400 +346 +16.8% Textiles -1,022 600 +1,6
Slide 20: 2-3. Forecast for FY2022 (Reference)
2-3. Forecast for FY2022（Reference） Changes between the reclassified FY2021 and the FY2022 forecast on the assumption that the accounting standard for revenue recognition had been applied for FY2021 （mil. yen） Net sales Operating income FY2021 FY2022 FY2021 FY2022 reclassiied FC change reclassiied F
Slide 21: 3. Business strategies of Microdevices
3. Business strategies of Microdevices 21
Slide 22: Corporate Profile
NSSHNBO Corporate Profile TI BARI TO0F ASH 22
Slide 23: Background of integration
Background of integration Society in the future Society 5.0 "Super smart society": Society where cyberspace and physical space are highly integrated The "link" between cyberspace and physical space is electronic components. Physical空間 Cyber空間 （繋ぐ） 医療・ヘルスケア 現実空間の情報を電気信号に変換 ビッグデータ 第一次産業 センサ AD変換 ネットワー
Slide 24: Significance of integration
Significance of integration Realizing "Connecting" with Electronic Devices Image Color/Light Power discret Energy Management Sound (SiC_SBD/SJMOSFET/GaN) (LDO/BM/Buck/Boost/PMIC etc.,) Pressure/ atmospheric pressure Acceleration/ Angular Speed Degree/Vibration/ Driver Weight Digital Signal OPAMP ADC
Slide 25: Integration effect
Integration effect For creating competitive products Devices, Circuits, PKG and Implementation Development of products and technologies that integrate technologies Upgrading of consulting skills Strengthen development capabilities Enhancing the attractiveness of proposals and improve development eff
Slide 26: Corporate Profile
Corporate Profile With "Connect Everything" techniques Contributing to the Realization of a Super Smart Society Name (English) Nisshinbo Micro Devices Inc. Head office 3-10, Nihonbashi Yokoyama-cho, Chuo-ku, Tokyo Representative Satoru Taji, President and Representative Director Business Design, man
Slide 27: Corporate philosophy and vision
Corporate philosophy and vision ■Corporate Philosophy (Common to the Nisshinbo Group) Change and Challenge! For the creation of the future of Earth and People. ■Vision 2025 (Qualitative) Contribute to the development of a connected society through electronic devices and microwave products based on o
Slide 28: Organizational Structure
Organizational Structure Nisshinbo Micro Devices Inc. Internal Audit Department Corporate Administration Corporate Strategy Division Headquarters Administration Division Business Planning Division Electronic Devices Technology Development Division Business Headquarters Manufacturing Division 1st Man
Slide 29: Domestic Sites
Domestic Sites Business Location Manufacturing Site Sales Site Development Site Yashiro Plant (Kato City, Hyogo) Fukuoka Sales Office (Fukuoka City, Fukuoka) Kawagoe Plant Nisshinbo Micro Devices Fukuoka Co., Ltd. (Fujimino City, Saitama) (Fukuoka City, Fukuoka) Head Office (Chuo-ku, Tokyo) Nagoya S
Slide 30: Overseas Sites
Overseas Sites Nisshinbo Micro Devices Europe GmbH Nisshinbo Micro Devices Korea Co., Ltd. Nisshinbo Micro Devices Americas Inc. Nisshinbo Micro Devices (Shanghai) Co., Ltd. Shanghai Head Office Shenzhen Branch Taipei Office Nisshinbo Micro Devices (Thailand) Co., Ltd. Nisshinbo Micro Devices Singap
Slide 31: Components & Devices
Components & Devices To all markets with Analog IC & Mixed Signal IC and abundant package technologies Electronic Devices Business Signal Processing (SP) Energy Management (EM) ・OpAmp/Comparator ・SW-REG/PMIC ・Sensor device/AFE/LD driver ・LDO ・MEMS microphone/ASIC ・Battery Management ・Opt/ encoder ・S
Slide 32: Microwave Business
Microwave Business We will provide strong support for our customers' product development based on our development capabilities that integrate microwave and semiconductor technologies. Satellite communications Sensor High reliability and a broad product lineup Microwave sensors with low environmental
Slide 33: 2022 Policies
2022 Policies 2022 Slogan Transformation through integration. Pursuit of value provided to customers and creation of solution businesses. ■Achievement of FY22 Performance Targets ■Promotion of electronic device business with competitive advantage ■Expansion of microwave business and profit generatio
Slide 34: Three SINKAs
Three SINKAs Renewal 3)Transformation into an analog solutions provider ・Deployment of sensing devices (modules) ・Incorporate control logic (DSP, microcontrollers), short-distance communication technology to further increase the value provided to customers in terms of both hardware and software. Evo
Slide 35: Appendix
NSSHNBO Appendix TI BARI TO0F ASH 35
Slide 36: EM (Energy Management) Finished goods
EM(Energy Management) Finished goods Product name: RM590 Series (mass production started in 2021) https://www.nisshinbo-microdevices.co.jp/ja/products/dc-dc-switching-regulator/spec/?product=rm590 Features: DCDC Modules with Built-in Coil (Inductor) ①Nisshinbo's first DCDC module-based microdevice.
Slide 37: EM (Energy Management) Products and advanced functions
EM(Energy Management) Products and advanced functions Product name: RN5T5611 series (scheduled for mass production in 2022 Spring) https://www.nisshinbo-microdevices.co.jp/ja/about/info/20220118-2.html Features: Combined Power Supply ICs for Automotive Cameras (ISO26262 ASIL-D Compliant Functional S
Slide 38: SP (Signal Processing) Products and high-performance operational amplifiers
SP(Signal Processing) Products and high-performance operational amplifiers Product name: NJM2902B/04B (mass production started) Product and Features: ① NJM2725→160MHz high speed using high speed Bip process, 1.4nV/√Hz Ultra-low noise amplifier (now in mass Features: Unique circuit countermeasures ac
Slide 39: Sensing devices and MEMS microphone
Sensing devices and MEMS microphone Product name: MEMS Microphone Device https://www.nisshinbo-microdevices.co.jp/ja/products/mems/ Shipped a cumulative total of approximately Back plate 2.3 billion units *Until the end of 2022 Air Gap Membrane Cavity Our MEMS TR is equipped to your notebook PC! Can
Slide 40: Sensing devices and Opt Technologies
Sensing devices and Opt Technologies Product name: NJL5830R (scheduled for mass production in 2022) https://www.nisshinbo-microdevices.co.jp/ja/products/optical_technology/ Features: Optical Touchless Sensor ①Contributing to measures against infectious diseases such as COVID-19 by realizing a touch-
Slide 41: Sensing devices and microwave technology
Sensing devices and microwave technology Product name: NJR4652 series (under mass production) https://www.nisshinbo-microdevices.co.jp/ja/products/micro/sensor/njr4652.html Features: 60 GHz millimeter-wave smart sensor ①Built-in radar sensor IC and MCU for signal processing ②Ultra-compact, lightweig
Slide 42: Analog solution synergy
Analog solution synergy Product name: High-quality sound power IC (LDO) (scheduled for mass production in 2023) https://www.nisshinbo-microdevices.co.jp/ja/about/info/20220106.html Features: Dedicated audio LDO MUSES series ①By combining the high-quality sound operational amplifiers (MUSES) develope
Slide 43: Transformation into an Analog Solutions Provider
Transformation into an Analog Solutions Provider Solution Analog Solutions Provider Introduced AI to Hardware and Software Business Proposals New Modularization of functional blocks Modularization Prod Algorithmic development Analog IC ucts Manufacturers Proposing chipsets ⇦ Promoting chipsets by Ex
Slide 44: 4. Appendix
NSSHNBO 4. Appendix 44
Slide 45: 4-1. Financial results by segment ①
4-1. Financial results by segment ① FY2021 Current period FY2022 Wireless and FY2021 initial FC FY2021 FC (28 Oct.) FY2020 FY2021 Change FY2022 FC communications Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Marine systems 33,500 500 33,300 500 32,50
Slide 46: 4-2. Financial results by segment ②
4-2. Financial results by segment ② FY2021 Current period FY2022 FY2021 initial FC FY2021 FC (28 Oct.) FY2020 FY2021 Change FY2022 FC Precision Instruments Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Precision parts 15,300 100 15,100 200 14,387 -78
Slide 47: 4-3. Financial results by segment ③
4-3. Financial results by segment ③ FY2021 Current period FY2022 FY2021 initial FC FY2021 FC (28 Oct.) FY2020 FY2021 Change FY2022 FC Real Estate Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Total 14,000 7,200 15,000 9,000 20,279 11,511 15,584 9,388
Slide 48: Abbreviations for Nisshinbo group companies
Abbreviations for Nisshinbo group companies NISH: Nisshinbo Holdings Inc. Consolidated subsidiaries of NISH. JRC: Japan Radio Co., Ltd. NISD: Nisshinbo Micro Devices Inc. NISB: Nisshinbo Brake Inc. NISM: Nisshinbo Mechatronics Inc. NISC: Nisshinbo Chemical Inc. NIST: Nisshinbo Textile Inc. (NJR: New