Taiyo Holdings Co., Ltd. · TSE:4626

Taiyo — FY2013 Earnings Presentation

23 slides from Taiyo's earnings presentation, May 2, 2014

  1. Slide 1: Consolidated Financial Result Digest FY13/14

    Consolidated Financial Result Digest FY13/14 (Fiscal Year Ended March 31, 2014) Z TAIYO HOLDINGS CO., LTD May 2, 2014 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

  2. Slide 2: Terminology

    Terminology Term Definition PWB Materials Chemical products for printed wiring boards FPD Materials Chemical products for flat panel displays PDP Materials Chemical products for plasma display panels SR “Solder resist ink” or “solder mask” PKG Materials Chemical products for IC package substrates Co

  3. Slide 3: Classification of Product

    Classification of Product Group Category Type Remarks for Rigid PWBs, PKG PWBs, Flexible Liquid PWBs SR Dry Film for PKG PWBs, Flexible PWBs Other Marking Materials etc. PWB Liquid for PKG PWBs Build-up Dry Film for PKG PWBs Other THP（Hole Plugging Materials）etc. Others PDP・Touch Panel Silver Paste

  4. Slide 4: Index

    INDEX 1. Summary of FY13/14 Financial Results 2. Forecasts for FY14/15 Financial Results Copyright © 2014 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 3

  5. Slide 5: 1. Summary of FY13/14 Financial Results

    1. Summary of FY13/14 Financial Results 1. Summary of FY13/14 Financial Results Copyright © 2014 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 4

  6. Slide 6: FY13/14 Topics

    FY13/14 TOPICS 1 Consolidated subsidiary of Onstatic Technology Co., Ltd.(OTC) ※consolidated from FY13/14 2nd Quarter 2 Weak JPY which is beyond expectation 3 China market remains strong throughout the year 4 Increase in sales volume of Dry Film Type 5 Silver price falls and the shrinkage in PDP mar

  7. Slide 7: FY13/14 Financial Results Summary

    FY13/14 Financial Results Results Summary JPY millions FY12/13 FY13/14 FY13/14 YoY % Forecasts Actual vs. % Sales 36,184 44,224 +8,040 +22% 44,000 +224 +1％ Operating Income 4,385 7,568 +3,183 +73％ 7,000 +568 +8％ Ordinary Income 4,743 7,827 +3,084 +65％ 7,000 +827 +12% Net Income 3,367 4,930 +1,563 +4

  8. Slide 8: FY13/14 Sales (YoY) Breakdown of Sales

    FY13/14 Sales (YoY) Breakdown of Sales JPY millions FPD Sales volume decrease & sliver price falls +1,720 +4,233 -2,761 PWB etc. sales volume FX rate appreciation +4,848 increase and changes in product mix&others Newly consolidated subsidiary of OTC 44,224 36,184 FY12/13 FY13/14 Copyright © 2014 TAI

  9. Slide 9: FY13/14 Operating Income (YoY) Breakdown

    FY13/14 Operating Income (YoY) Breakdown of Operating Income JPY millions FX rate appreciation and changes in product mix&others +1,784 PWB etc. sales volume increase +208 SGA reduction +729 in FPD +462 7,568 Newly consolidated subsidiary of OTC 4,385 FY12/13 FY13/14 Copyright © 2014 TAIYO HOLDINGS

  10. Slide 10: FY13/14 BS Highlights

    FY13/14 BS Highlights BS (YoY) JPY millions Assets Liabilities and Equity 58,369 60,000 58,369 60,000 50,000 15,713 50,000 44,023 21,149 Cash 44,023 Liabilities 40,000 40,000 7,213 14,652 4,387 Inventories 30,000 30,000 3,685 12,263 Other Current Assets 20,000 8,643 20,000 36,810 42,656 Equity Fixed

  11. Slide 11: FY13/14 CF Highlights

    FY13/14 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 7,020 6,109 2,000 2,000 2,000 2,350 0 0 0 (2,477) (2,314) (2,000) (2,000) (3,839) (2,000) (4,000) (4,000) (4,000) FY12/13 FY13/14 FY12/13 FY13/14 FY12/13 FY13/14 ・

  12. Slide 12: Sales results by product group category

    FY13/14 Sales results by product group category Sales results by product group category JPY millions FY12/13 FY13/14 40,000 29,235 30,000 20,262 20,000 10,000 7,965 7,316 6,763 4,554 972 1,025 869 1,443 0 Rigid PKG Build-up FPD Other Copyright © 2014 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxc

  13. Slide 13: FY13/14 Segment Information

    FY13/14 Segment Information Sales by segment JPY millions FY12/13 FY13/14 20,000 15,000 10,000 17,791 13,065 14,005 10,834 11,722 10,599 5,000 8,398 3,936 2,854 3,524 0 Japan China Taiwan Korea Other Operating Income by segment JPY millions 3,000 2,000 2,617 1,000 1,906 1,685 1,584 1,427 497 591 1,0

  14. Slide 14: Trend of Quarterly Performance

    Trend of Quarterly Performance Sales vs. Operating Income Quarterly Performance JYP millions Sales（left axis） ● Operating Income (right axis） 14,000 2,500 12,000 2,000 10,000 8,000 1,500 6,000 1,000 4,000 500 2,000 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY10/11 FY11/12 FY12/13 FY13/14 C

  15. Slide 15: 2. Forecasts for FY14/15 Financial Results

    2. Forecasts for FY14/15 Financial Results 2. Forecasts for FY14/15 Financial Results Copyright © 2014 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 14

  16. Slide 16: Electronics Market Forecasts

    Electronics Market Forecasts THE DRIVERS OF THE ELECTRONICS INDUSTRY HAVE CHANGED $Bn N314.239rd-drivers2 $2,500 Smartphones and Tablets $2,020Bn Servers/Storage/Comm infrastructure 2013-2018 Automotive Electronics CAAGR Other Electronics 3.8% $2,000 $1,731Bn $1,678Bn 3.2% 7.4% $1,602Bn $1,616Bn 0.9

  17. Slide 17: Forecasts for FY14/15 Financial Results

    Forecasts for FY14/15 Financial Results Forecasts of Financial Results JPY millions FY13/14 FY14/15 Results Forecasts YoY % Sales 44,224 45,500 +1,276 +3％ Operating Income 7,568 7,700 +132 +2% Ordinary Income 7,827 7,700 -127 -2％ Net Income 4,930 5,000 +70 +1% Exchange Rate of 100.0 100.0 JPY/USD Co

  18. Slide 18: Forecasts for FY14/15 Sales (YoY)

    Forecasts for FY14/15 Sales (YoY) Sales Forecasts JPY billions +1.1 -0.8 +1.0 PDP sales PWB etc. volume decrease Newly consolidated sales volume subsidiary of OTC increase for full year 45.5 44.2 FY13/14 FY14/15 Although 2 increase factors which newly consolidated subsidiary of OTC and PWB etc. sale

  19. Slide 19: Forecasts for FY14/15 Operating Income (YoY)

    Forecasts for FY14/15 Operating Income (YoY) Operating Income Forecasts JPY billions Newly consolidated subsidiary of OTC Increase in SGA for full year +0.10 +0.12 -0.36 +0.28 Transitory SGA Product mix. etc of FY13/14 7.56 7.70 FY13/14 FY14/15 Although 3 increase factors which product mix, newly co

  20. Slide 20: Trend of Financial Results

    Trend of Financial Results Trend of Financial Results Sales JPY millions Operating Income Net Income 50,000 45,338 45,500 44,224 41,959 40,366 39,797 40,000 36,184 35,303 35,056 32,614 30,000 27,747 20,000 7,965 8,896 10,000 6,682 7,568 7,700 5,554 6,171 5,380 5,000 4,706 4,296 4,843 4,040 4,385 4,9

  21. Slide 21: Capital Investment & Depreciation

    Capital Investment & Depreciation Trend of Capital Investment vs. Depreciation JPY millions Capital Investment Depreciation 3,000 2,500 2,000 1,500 2,555 1,000 500 1,127 1,046 1,003 1,117 527 682 605 0 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 （Forecast） For FY14/15, we make the capital investment pos

  22. Slide 22: ESOP (Employee Stock Ownership Plan)

    ESOP（Employee Stock Ownership Plan） An incentive plan “ESOP” for granting company’s stock to our employees was resolved at the Board of Directors which held on May 2, 2014. ＜Scheme＞ ・Company will grant stock to employees via trust, as a part of compensation. ・A contribution of fund to trust will be

  23. Slide 23: zxcv

    Copyright © 2014 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 22

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