Mec Company Ltd. · TSE:4971
Mec — FY2021 Earnings Presentation
19 slides from Mec's earnings presentation, Feb 14, 2022
Slide 1: Financial Results Briefing for FYE 12/2021
Financial Results Briefing for FYE 12/2021 February 14, 2022 MEC COMPANY LTD. Securities code: 4971 https://www.mec-co.com/en/
Slide 2: Measures against COVID-19 Infection
Measures against COVID-19 Infection Maintaining a system for preventing the spread of infection and continuing to supply products Placing the President as the Head of the Emergency Response Headquarters, and carefully continuing corporate activities according to the circumstances based on the BCP (b
Slide 3: FYE12/2021 Key factors
FYE12/2021 Key factors Assumed/actual exchange rate JPY to NTD Assumed rate: 3.62 yen / Actual rate: 3.93 yen (previous year was 3.62 yen) １ JPY to RMB Assumed rate: JPY to EUR Assumed rate: 15.44 yen / Actual rate: 122.00 yen / Actual rate: 17.04 yen (previous year was 15.44 yen) 130.11 yen (previo
Slide 4: FYE12/2021 Results
FYE12/2021 Results Unit : million yen Full-year FYE12/'20 FYE12/'21 Results Results YOY (Forecast) vs. Forecast Net sales 11,956 15,038 3,081 25.8% 14,600 438 3.0% Chemical sales 11,598 14,756 3157 27.2% - - - Gross profit 7,395 9,323 1927 26.1% - - - Gross profit margin 61.9% 62.0% - - - - - SGA 5,
Slide 5: Net sales YOY change bridge
4 2021 １５，０３８ Foreign exchange Other sales 3,081 million yen, Up 25.8% Financial Results Briefing for FYE 12/2021 Material sales Machine sales Other solution Etching solution Net sales YOY Adhesion improves 2020 １１，９５６ Million yen
Slide 6: Operating income YOY change bridge
5 2021 ３，９３９ Foreign exchange （Selling、general and administrative expenses） Selling, general and 1,569 million yen, Up 66.2 % administrative expenses Foreign exchange （Gross profit） Financial Results Briefing for FYE 12/2021 Material and Other sales Gross profit Material and Operating income YOY Oth
Slide 7: Quarterly performance: Sales, Operating income, Operating margin
Quarterly performance: Sales, Operating income, Operating margin (Consolidated) 4,500 35 4,000 30 3,500 25 3,000 2,500 20 2,000 15 （％） (Million yen ) 1,500 10 1,000 5 500 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Net sales 2,328 2,648 3,128 2,761 2,809 2,891 3,026 3,22
Slide 8: Quarterly composition: Operating income, SG&A, COGS
Quarterly composition: Operating income, SG&A, CODS (Consolidated) 4,500 35 4,000 30 3,500 25 3,000 2,500 20 2,000 15 （％） (Million yen ) 1,500 10 1,000 5 500 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Operating income 205 404 755 271 498 635 702 533 973 975 1,202 787 SG
Slide 9: Quarterly performance: Product-specific sales
Quarterly performance : Product-specific sales (Consolidated) 4,500 4,000 3,500 3,000 2,500 2,000 (Million yen ) 1,500 1,000 500 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Other 6 1 5 4 4 1 5 0 2 0 13 6 Materials for PCBs 15 15 58 17 17 16 12 21 16 21 19 33 Equipments for
Slide 10: Quarterly performance: Chemical sales
Quarterly performance : Chemical sales (Consolidated) 4,500 Adhesion improves : CZ, V-Bond, FlatBOND etc. 4,000 Etching solution : EXE, SF etc. 3,500 3,000 2,500 2,000 (Million yen ) 1,500 1,000 500 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Other surface processing solut
Slide 11: Quarterly performance: Chemical shipment volume
Quarterly performance : Chemical shipment volume (Consolidated) 14,000 12,000 10,000 8,000 6,000 4,000 (t) 2,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Other surface processing solution 338 310 320 319 267 269 273 257 384 371 402 394 Etching solution 1,758 1,986 2,777
Slide 12: Quarterly performance: CZ series sales
Quarterly performance : CZ series sales 2,500 2,313 2,294 1,906 1,964 2,000 1,700 1,507 1,562 1,484 1,468 1,491 1,379 1,500 1,185 1,000 (Million yen) 500 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Other CZ 413 330 475 446 474 446 476 521 579 616 802 747 8101 540 789 752 7
Slide 13: Quarterly performance: CZ series sales (Composition ratio)
Quarterly performance : CZ series sales （Composition ratio） 100 90 80 70 60 50 40 30 （%） 20 10 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Other CZ 34 24 32 31 31 30 30 31 30 31 35 33 8101 46 57 51 51 52 55 53 51 54 53 52 54 8100 20 19 17 18 17 15 17 18 16 16 13 13 Financi
Slide 14: Quarterly performance: Region-specific sales and overseas sales ratio
Quarterly performance : Region-specific sales and overseas sales ratio 2,000 70 1,800 60 1,600 1,400 50 1,200 40 1,000 30 800 600 20 400 10 200 (Million yen) (%) 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2019 2020 2021 Japan 1,077 1,231 1,430 1,303 1,498 1,373 1,410 1,503 1,666 1,496
Slide 15: FYE12/2022 full-year forecast
FYE12/2022 full-year forecast FYE12/2021 FYE12/2022 (53rd term) (54th term) February, 14 2022 Full-year Q2 Full-year Profit Profit YOY Profit YOY Amount ratio Amount ratio change Amount ratio change (million yen) (%) (million yen) (%) (%) (million yen) (%) (%) Net sales 15,038 - 7,800 - 11.0 16,500
Slide 16: Capital investment, Depreciation expenses and R&D expenses
Capital investment, Depreciation expenses and R&D expenses R&D expenses and Ratio Capital investment Depreciation expenses of consolidated sales 1,600 900 1,500 15.0 818 1,362 1,324 784 1,439 14.0 1,400 800 1,450 742 692 13.0 700 1,400 1,200 1,359 609 12.0 600 1,350 1,323 1,000 11.0 847 11.4 500 1,3
Slide 17: Dividend, payout ratio and ROE
Dividend, payout ratio and ROE Dividend policy Dividend（Forecast） Medium-term goal (consolidated payout ratio) 40.0 yen Q2 end 20 yen 30% Fiscal year-end 20 yen Dividend / Dividend ratio 50 15.4 20.0 39.9 13.6 40 12.0 30.9 15.0 7.9 9.5 30 28.0 22.5 25.3 Dividend（yen） 10.0 20 35 40 Dividend ratio（%）
Slide 18: ESG-H effort
ESG-H effort Environment • Eco friendly products and products that improve yield. • Contribution to the improvement of the PCBs manufacturing environment. Social • Contribution to social development (5G, autonomous driving). • WLB support, Success of women in the work place. Governance • Invitation
Slide 19: Basic policy of capital policy and shareholder return
Basic policy of capital policy and shareholder return In line with the MEC Group's capital policy, we are making the following efforts in order to help improve shareholder value while securing financial soundness. Improvement of corporate value • Continuously improve consolidated ROE based on a leve