Jcu Corporation · TSE:4975
Jcu — Q3 FY3/24 Earnings Presentation
31 slides from Jcu's earnings presentation, Feb 7, 2024
Slide 1: Financial Results Briefing Material for 3Q FY3/24
Financial Results Briefing Material for the Third Quarter of the Fiscal Year Ending March 2024 JCU CORPORATION TSE Prime (Stock Code: 4975) February 7, 2024 Financial Results Briefing Material for 3Q FY3/24 1
Slide 2: Summary of Consolidated Financial Results for 3Q FY3/24
Summary of Consolidated Financial Results for 3Q FY3/24 Accounting Period of 3Q FY3/24 JCU (non-consolidated): April 1 to December 31, 2023 Overseas subsidiaries: January 1 to September 30, 2023 ◼ China: Despite a recovery trend in some PWB manufacturers, demand for high-performance electronic devic
Slide 3: Summary of Financial Results for 3Q FY3/24
Summary of Financial Results for 3Q FY3/24 (Millions of yen) Same period of YoY previous FY 3Q FY3/24 % Change (3Q FY3/23) Net sales 20,702 17,212 (16.9)% Operating profit 7,320 5,384 (26.5)% Ordinary profit 7,398 5,631 (23.9)% Profit attributable to owners of parent 5,154 3,746 (27.3)% Net income p
Slide 4: Foreign Exchange Rates
Foreign Exchange Rates Foreign exchange sensitivity (as at the consolidated year): Changes of about 105 million yen in consolidated operating profit with 1% change in major currency rates listed below (Yen) FY3/23 FY3/24 1Q 1Q 2Q 3Q 4Q 2Q 3Q (Initial forecast) Chinese yuan (CNY) 18.29 18.93 19.35 19
Slide 5: Changes in Consolidated Operating Profit for 3Q FY3/24
Changes in Consolidated Operating Profit for 3Q FY3/24 (Millions of yen) 8,000 (2,367) ■ Positive factors 7,000 ■ Negative factors (YoY change) 6,000 291 (10) 29 (1,936) 351 (230) 5,000 Lower sales of chemicals SG&A chemicals Higher profit margin of currencies to JPY) (due to conversion from local c
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results (Millions of yen) 8,000 3,000 2,640 2,660 7,000 2,410 2,364 2,500 2,276 2,289 2,020 1,965 1,940 6,000 1,716 2,000 1,379 Operating Profit 5,000 1,500 Net sales 4,000 1,000 3,000 500 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2022/3 FY3/22 2023/3 FY3/23 2024/3 FY
Slide 7: Quarterly Consolidated Financial Results (By Segment)
Quarterly Consolidated Financial Results (By Segment) 8,000 7,584 70.0 6,957 6,414 6,434 6,348 60.0 6,137 6,187 6,160 6,000 5,517 5,639 5,225 50.0 Net Sales (Millions of yen) Operating Margin (%) 40.0 4,000 39.3 38.2 35.2 36.8 36.7 36.1 34.8 30.0 32.8 30.5 30.4 26.4 20.0 2,000 10.0 0 0.0 1Q 2Q 3Q 4Q
Slide 8: Consolidated Segment Results for 3Q FY3/24
Consolidated Segment Results for 3Q FY3/24 (Millions of yen) 20,500 20,500 18,684 前期3Q累計 3Q FY3/23 17,500 17,500 15,650 (Breakdown) (Breakdown) 2024年3月期3Q累計 3Q FY3/24 14,500 Plating machines 1,814 14,500 Plating machines 1,149 Plasma system 107 Plasma system 329 Solar power related 97 Solar power re
Slide 9: Quarterly Sales of Chemicals in Japan and Overseas
Quarterly Sales of Chemicals in Japan and Overseas (Millions of yen) 6,000 90% 79% 81% 80% 81% 81% 81% 78% 79% 80% 78% 76% 80% 5,000 70% 4,000 60% 50% 3,000 40% 2,000 30% 20% 1,000 10% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/22 2022/3 FY3/23 2023/3 2024/3 FY3/24 国内 Japan 海外 Overseas 海外比率 Overseas
Slide 10: Chemicals, POP, Via Filling and Etching Quarterly Sales
Chemicals, POP, Via Filling and Etching｜Quarterly Sales POP: Planting on Plastics, mainly for automotive components Via Filling: Additive for copper planting for printed-wiring boards and semiconductor package substrates, mainly for smartphones and PCs (Millions of yen) Etching: Additives for PWBs a
Slide 11: Quarterly Sales of Chemicals by Region
Quarterly Sales of Chemicals by Region (Millions of yen) 3,000 2,500 2,000 1,500 1,000 500 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/22 2022/3 2023/3 FY3/23 2024/3 FY3/24 日本 Japan 1,092 1,152 1,150 1,166 1,117 1,177 1,173 1,043 1,009 1,038 1,028 中国 China 2,133 2,353 2,359 2,391 2,307 2,247 2,612 2,203
Slide 12: Quarterly Sales of Chemicals by Category
Quarterly Sales of Chemicals by Category (Millions of yen) Consolidated YoY (8)% 5,000 QoQ 17% 4,219 4,304 4,304 4,129 3,991 3,862 3,974 3,829 4,000 3,513 3,404 (Chemicals for Electronic Components) Core Products: Via filling 3,053 PWBs, connectors, surface treatment 3,000 (plating) chemicals for se
Slide 13: Quarterly Sales of Chemicals by Region: Japan
Quarterly Sales of Chemicals by Region (Millions of yen) Japan 1,000 YoY (17)% QoQ (8)% 800 743 752 744 733 707 674 654 617 638 604 584 600 400 466 418 432 426 444 409 399 412 384 405 400 200 QoQ 11% YoY (5)% 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/22 2022/3 FY3/23 2023/3 FY3/24 2024/3 ● 電子薬品 Chemica
Slide 14: Quarterly Sales of Chemicals by Region: Overseas
Quarterly Sales of Chemicals by Region (Millions of yen) Overseas YoY (6)% 4,500 QoQ 23% 4,000 3,597 3,467 3,474 3,559 3,390 3,500 3,258 3,245 3,086 2,839 2,766 3,000 2,449 2,500 2,000 YoY (25)% 1,500 QoQ 18% 1,000 1,350 1,041 1,182 1,058 1,143 1,133 903 1,011 1,010 500 784 854 0 2Q 1Q 2Q 3Q 4Q 1Q 2
Slide 15: Quarterly Sales of Chemicals by Region: China
Quarterly Sales of Chemicals by Region (Millions of yen) China YoY 3% 2,400 QoQ 27% 2,000 1,804 1,742 1,749 1,662 1,649 1,492 1,535 1,509 1,600 1,404 1,426 1,154 1,200 YoY (24)% 800 QoQ 32% 861 855 729 729 772 695 651 400 617 597 442 492 0 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 3Q 2022/3 FY3/22 2023/3 FY3/23
Slide 16: Quarterly Sales of Chemicals by Region: Taiwan
Quarterly Sales of Chemicals by Region (Millions of yen) Taiwan YoY (23)% 1,400 1,152 QoQ 23% 1,200 1,101 1,055 1,049 1,050 1,013 1,000 860 848 800 728 689 689 600 YoY (43)% 400 QoQ 25% 200 4 4 5 4 4 3 5 4 3 2 3 0 2Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 3Q FY3/22 2022/3 FY3/23 2023/3 FY3/24 2024/3 Chemicals f
Slide 17: Quarterly Sales of Chemicals by Region: South Korea
Quarterly Sales of Chemicals by Region (Millions of yen) South Korea YoY (12)% 600 546 564 550 553 QoQ 13% 516 523 478 485 459 431 388 400 YoY 4% QoQ (8)% 200 113 127 129 123 113 107 109 97 100 85 91 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/22 2022/3 FY3/23 2023/3 FY3/24 2024/3 ● Chemicals 電子薬品 for El
Slide 18: 3Q Progress Rate against FY3/24 Forecasts
3Q Progress Rate against FY3/24 Forecasts (Millions of yen) Progress rate against 3Q FY3/24 Full-year forecast full-year forecast Net sales 17,212 25,000 68.8% Operating profit 5,384 7,000 76.9% Ordinary profit 5,631 7,000 80.4% Profit attributable to owners of parent 3,746 4,800 78.0% Net income pe
Slide 19: Annual Sales by Business (incl. Forecast)
Annual Sales by Business (incl. Forecast) (Millions of yen) 28,000 27,137 60 0 24,866 2,608 25,000 35 24,256 1 23,120 0 2,499 22,319 1,307 1,718 50 4,796 27 21,192 1,435 3,194 1,680 21,000 2,936 9 2,035 1,345 1,429 1,324 1,092 37.1 40 34.2 32.1 30.1 28.4 28.2 28.0 14,000 30 22,809 21,512 20,820 9,19
Slide 20: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses Capital expenditures Depreciation R&D expenses and (Millions of yen) ratio of R&D expenses to net sales 2,000 1,000 1,600 10.0% 1,825 研究開発費 R&D Expenses 1,800 900 1,400 1,600 800 786 研究開発費比率 Ratio of R&D expenses 1,259 to net sales 8.0% 676 1,200 1
Slide 21: FY3/24 Dividend Forecast
FY3/24 Dividend Forecast Dividends per share Interim dividend: 35 yen Plans to increase dividends for (Forecasts) Year-end dividend: 35 yen 14 consecutive fiscal years 80 中間 Interim 期末 Year-end 70 70 66 60 57 +¥2 48.5 50 50 45 42.5 40 32.5 30 30 22.5 +¥2 20 13.75 10 10 6.75 7.125 7.5 0 We will conti
Slide 22: Efforts in Addressing ESG Challenges
Efforts in Addressing ESG Challenges JCU aims to become a global company that continues to grow in a sustainable fashion by addressing ESG challenges through its business activities. Environmental Development of environmentally responsible products ‒ Stamp type plating process equipment and chemical
Slide 23: Reference
Reference ⚫ Company Profile & Opening of New Office ⚫ Surface Treatment Technology in Future ⚫ Major Distribution Channels ⚫ Major Products ⚫ Usages of Chemicals and Typical Final Products Financial Results Briefing Material for 3Q FY3/24 23
Slide 24: Company Profile
Company Profile Founded in : December 1957 Established on : April 1, 1968 Capital stock : 1,266 million yen Non-consolidated: 12.6 billion yen / Consolidated: 27.1 billion yen Annual sales : (For the fiscal year ended March 31, 2023) Head office : TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome, Taito-ku
Slide 25: Opening of New Office (Malaysia)
Opening of New Office (Malaysia) In Malaysia, large investments in semiconductor-related companies continue, we have begun sales of semiconductor-related surface treatment chemicals and equipment. This is the fourth country in Southeast Asia where we have a base of operations, following Thailand, Vi
Slide 26: Surface Treatment Technology in Future: Electronic Components
Surface Treatment Technology in Future —Electronic Components— Target Next-generation IC-PKG boards for high-performance electronic devices, communications technology infrastructure, car electronics, etc. (1) Improve within wafer non-uniformity (2) Improve via filling for thin-film layer Schematic d
Slide 27: Surface Treatment Technology in Future: Decoration & Function
Surface Treatment Technology in Future —Decoration & Function— Target Automotive components (front grilles, door handles, emblems, etc.) technology Faucet parts (showerheads, drain plugs, etc.) (1) Restricted substance-free alternatives (2) Eco-friendly decorative copper plating process Surface trea
Slide 28: Major Distribution Channels
28 High-performance electronic Automobile manufacturers device manufacturers Manufacturers of Customers (sold-to) Substrate manufacturers automobile parts (Tier 1 , (in Japan, China, Taiwan, Tier 2) South Korea, etc.) Financial Results Briefing Material for 3Q FY3/24 Specialist plating companies Our
Slide 29: Major Products
Major Products Chemicals Business For decoration and Automotive parts (front grilles, door handles, emblems, etc.) function Faucet parts (water supply equipment, showerheads, drain plugs, etc.) (Key chemicals) Construction materials (bolts, nuts, etc.) For electronic PWBs (reversible and multilayer,
Slide 30: Usages of Chemicals and Typical Final Products
Usages of Chemicals and Typical Final Products Description of term Final products Surface treatment (plating) chemicals for decorative and rust-proofing purposes Automotive parts, faucet parts Chemicals for Function/decoration such as those for providing a metal appearance and preventing rust. and c
Slide 31: Forward-looking statements and contact
This material contains current plans and forecasts of future performance of JCU CORPORATION. These plans and forecast figures are prepared by the Company based on currently available information. This material does not give any assurance or guarantee of the Company’s future financial performance and