Nippon Carbide Industries Company,incorporated · TSE:4064
Nippon Carbide Industries Company,incorporated — Q2 FY2024 Earnings Presentation
23 slides from Nippon Carbide Industries Company,incorporated's earnings presentation, Nov 8, 2023
Slide 1: Explanation of Financial Results for the 2nd Quarter of the Year ending March 31, 2024
Explanation of Financial Results for the 2nd Quarter of the Year ending March 31,2024 November 8, 2023
Slide 2: Summary of Financial Results for the 2nd Quarter
Summary of Financial Results for the 2nd Quarter of the Year ending 31 March 2024
Slide 3: Summary [Consolidated Statements of Income]
Summary [Consolidated Statements of Income] • In the electronics and functional products business, shipments of products for semiconductors and electronic components declined due to the sluggish electronics market since the second half of the previous fiscal year. • In the films and sheetings produc
Slide 4: Analysis of factors leading to changes in operating profit
Analysis of factors leading to changes in operating profit 2nd Quarter of year ended March 31, 2023 v.s. 2nd Quarter of year ending March 31, 2024 Decrease in profits by 588 million yen compared to the same period of the previous year Unit: Million yen 4
Slide 5: Performance by segment
Performance by segment Unit: Million yen 2nd Quarter of year 2nd Quarter of year Year-on-year comparison ended March 31, 2023 ending March 31, 2024 Year-on-year changes Year-on-year changes Results Results (amount) (percentage) Electronics and Net sales 9,849 8,323 ▲ 1,526 ▲15.5% Functional Products
Slide 6: Situation by segment Electronics & Functional Products Business
Situation by segment Electronics & Functional Products Business Unit: Million yen 2nd Quarter of 2nd Quarter of Year ended Year ending Year-on-year comparison March 31, 2023 March 31, 2024 Year-on-year Year-on-year Results Results changes (amount) changes (percentage) Net sales 9,849 8,323 ▲ 1,526 ▲
Slide 7: Situation by segment Films & Sheetings Products Business
Situation by segment Films & Sheetings Products Business Unit: Million yen 2nd Quarter of 2nd Quarter of Year ended Year ending Year-on-year comparison March 31, 2023 March 31, 2024 Year-on-year Year-on-year Results Results changes (amount) changes (percentage) Net sales 8,852 8,601 ▲ 251 ▲2.8% Film
Slide 8: Situation by segment Construction Materials Related Business
Situation by segment Construction Materials Related Business Unit: Million yen 2nd Quarter of 2nd Quarter of Year ended Year ending Year-on-year comparison March 31, 2023 March 31, 2024 Year-on-year Year-on-year Results Results changes changes (amount) (percentage) Net sales 3,884 3,499 ▲ 384 ▲9.9%
Slide 9: Situation by segment Engineering Business
Situation by segment Engineering Business Unit: Million yen 2nd Quarter of 2nd Quarter of Year ended Year ending Year-on-year comparison March 31, 2023 March 31, 2024 Year-on-year Year-on-year Results Results changes changes (amount) (percentage) Net sales 1,646 1,075 ▲ 571 ▲34.7% Operating proffit
Slide 10: [Summary] Consolidated balance sheets
[Summary] Consolidated balance sheets The equity ratio improved by 1.6 percentage points from the end of the previous year to 52.1%. Unit: Million yen Year ended March 31, 2023 2nd Quarter of year ending March 31, 2024 End-to-end ratio Cash and deposits 10,906 11,611 706 Notes and accounts receivabl
Slide 11: Consolidated statements of cash flows
Consolidated statements of cash flows Free cash flow was ▲631 million yen Unit: Million yen 2nd Quarter of Year ended 2nd Quarter of Year ending Year-on-year March 31, 2023 March 31, 2024 comparison Profit before income taxes 1,659 1,233 ▲ 426 Depreciation 1,013 969 ▲ 44 Net cash provided by (used i
Slide 12: Capital investment, depreciation and R&D
Capital investment, depreciation and R&D Review capital investment plans in line with changes in the business environment, particularly in relation to the electronics strategic markets, decreased by 571 million yen compared to the same period of the previous year. Major capital investment Unit: Mill
Slide 13: Forecast of full-year results for the year ending March 2024
Forecast of full-year results for the year ending 31 March 2024
Slide 14: Forecast of consolidated results for the year ending March 2024
Forecast of consolidated results for the year ending 31 March 2024 Net sales are expected to be 44.0 billion yen, unchanged from the previous year, while operating incomes are expected to decrease by 36.6% YoY to 0.8 billion yen. Unit: Million yen Year ended March 31, 2023 Year ended March 31, 2024
Slide 15: Analysis of factors leading to changes in operating profit FY2023 vs FY2024
Analysis of factors leading to changes in operating profit FY2023 vs FY2024 Decrease in profits by 461 million yen compared to the previous period Unit: Million yen 15
Slide 16: Business outlook by segment
Business outlook by segment Unit: Million yen Year ended March Year ended March Year-on-year changes 31, 2023 31, 2024 Performance Year-on-year Year-on-year changes Results changes (amount) (percentage) forecasts Electronics and Net sales 18,128 17,000 ▲ 1,128 ▲6.2% Functional Products Operating pro
Slide 17: Business outlook for second half of the fiscal year by segment
Business outlook for second half of the fiscal year by segment (First Half Comparison) Functional － Shipments of raw materials for agrochemicals decreased due to the chemicals end of demand period. ＋ Shipments of glue and adhesive products for the optical-related Electronics sectors increased due to
Slide 18: Actions to achieve management conscious of cost of capital and stock price
Actions to achieve management conscious of cost of capital and stock price
Slide 19: Actions to achieve management conscious of cost of capital and stock price
Actions to achieve management conscious of cost of capital and stock price Recognizing that improving PBR is an important management issue, the company will promote measures from both ROE and PER perspectives. PBR ＝ ROE × PER Indicator Initiatives ⚫ Growing business by expanding sales of growth driv
Slide 20: TOPICS
TOPICS ey)
Slide 21: TOPICS (1) VR Noh: The Ghost in the Shell
TOPICS (1) Provided reflectors for aerial display used in the Aerial Imaging by Retro-Reflection (AIRR) technology for “VR Noh: The Ghost in the Shell” We cooperated with “VR Noh: The Ghost in the Shell”, which was performed at Tokyo Tatemono Brillia HALL (Toshima-ku, Tokyo) from October 13 to 15, 2
Slide 22: TOPICS (2) New multi-layer wide width film production facility at Hayatsuki Factory
TOPICS (2) New multi-layer wide width film production facility at the Hayatsuki Factory to be fully operational by the end of FY2023 A multi-layer wide width film production facility at the Hayatsuki Factory (Namekawa City, Toyama Prefecture), whose construction began in 2021, will be fully operatio
Slide 23: Questions and inquiries from analysts/institutional investors
For questions and inquiries from analysts/institutional investors, please contact Public Relations & Investor Relations Group Corporate Planning Department Please contact us via e-mail: prir@carbide.co.jp [Notes related to future prospects] This material is intended solely for the purpose of providi
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