Toyo Gosei Co., Ltd. · TSE:4970
Toyo Gosei — Q3 FY2024 Earnings Presentation
14 slides from Toyo Gosei's earnings presentation, Feb 7, 2025
Slide 1: Business Results for the Third Quarter of Fiscal Year Ending March 31, 2025
Business Results for the Third Quarter of Fiscal Year Ending March 31, 2025 (April 1, 2024 － December 31, 2024) February 7, 2025 Copyright © Toyo Gosei Co., Ltd. All rights reserved.
Slide 2: Financial Results for the Q3 FY2024
Financial Results for the Q3 FY2024 • Net sales increased significantly by 26% YoY to 29,073 million yen, mainly thanks to sales expansion in materials for cutting-edge semiconductors against the backdrop of robust AI-related investment. • Although fixed costs increased significantly due to the comp
Slide 3: Variance Analysis: Operating profit
Variance Analysis: Operating profit • Increased sales will increase profits by 2.82 billion yen, and increased production will reduce costs. • In the third quarter of the previous year, costs rose due to a decline in demand, resulting in a 0.6 billion yen inventory valuation decrease compared to the
Slide 4: Quarterly Sales & Operating profit Trends
Quarterly Sales & Operating profit Trends • Quarterly sales reached record high thanks to increased sales of materials for cutting-edge semiconductors. • Sales expansion absorbed the increase in fixed costs associated with the completion of the new facility and secured profits. Quarterly Trends (Mil
Slide 5: Photosensitive Materials Segment
Photosensitive Materials Segment Net sales & Operating profit (Million yen) (Million yen) 8,000 2,500 Net sales: ¥17,675 Million (Cumulative) Net sales Operating profit YoY: +¥3,899 Million, +28% • Quarterly sales reached record high. 6,472 2,000 • Sales of semiconductor materials expanded thanks to
Slide 6: Chemicals Segment
Chemicals Segment Net sales & Operating profit (Million yen) (Million yen) 5,000 1,500 Net sales: ¥11,398 Million (Cumulative) Net sales Operating profit YoY: +¥2,078 Million, +22% • Sales of high-purity solvents increased thanks to higher 3,930 3,857 demand for semiconductors and recovery of demand
Slide 7: Q3 FY2024 Income Statement
Q3 FY2024 Income Statement • Net sales were 29,073 million yen (YoY 26% up). • Gross profit increased by 1,126 million yen (YoY 20% up) from the previous year, as increased sales absorbed the increase in fixed costs. • Ordinary profit was 3,103 million yen, 23% up from the previous year. (Cumulative
Slide 8: Q3 FY2024 Balance sheet
Q3 FY2024 Balance sheet • Thanks to the continued trend of sales expansion, working capital improved by 630 million yen. • Due to capital investments to increase production capacity, tangible fixed assets increased by 4,197 million yen, and borrowings increased by 3,075 million yen. • thanks to the
Slide 9: Progress of Full-Year Earnings Forecasts
Progress of Full-Year Earnings Forecasts • Q3 progress rate against the full-year forecasts is 76% for net sales, 85% for operating profit, 89% for ordinary profit, and 83% for profit. • Fixed costs are expected to continue to increase in Q4 due to the operation of new facilities. • Aiming to expand
Slide 10: FY2024 Increase in Fixed Costs due to Increased Production Capacity
Repost) FY2024 Increase in Fixed Costs due to Increased Production Capacity • In the second half of the year, fixed costs are expected to increase by 1.07 billion yen from the first half due to an increase in depreciation and personnel expenses following the start of operation of new facilities. Inc
Slide 11: Progress of Capital Investments
Repost) Progress of Capital Investments • In September 2024, a new facility to increase the production capacity of ArF and EUV materials by 1.8 times was completed at the No. 4 photosensitive materials plant of the Chiba Plant. • All large facilities to increase production capacity under Beyond500 (
Slide 12: Future outlook for the semiconductor market
Future outlook for the semiconductor market • The global semiconductor market is forecast to grow 18.8% in 2024 and continue to expand 13.8% in 2025. • It is expected to continue growing after 2025 and reach $1 trillion by 2030. Long-term forecast of the semiconductor market (B $) 1,000 +13.8% +18.8
Slide 13: Future Outlook for Advanced Photoresists Market
Future Outlook for Advanced Photoresists Market • CY2023-2029: Demand for EUV resists is expected to grow 5.9 times, at an average annual growth rate of 34%. • Total demand for EUV and ArF resists is also expected to expand 1.7 times. • With the completion of the expansion of the 4th Photosensitive
Slide 14: Individual Development, to the global Chemical (Note): The forecasts made in this document contain
独創的な視点で世界へ Individual Development, to the global Chemical 東洋合成工業株式会社 (Note): The forecasts made in this document contain a variety of uncertain factors since it has been prepared based on judgments from information that is currently available. Therefore, actual business results may differ from those