Taiyo Holdings Co., Ltd. · TSE:4626
Taiyo — FY2015 Earnings Presentation
22 slides from Taiyo's earnings presentation, May 1, 2015
Slide 1: Consolidated Financial Result Digest FY2015
Consolidated Financial Result Digest FY2015 (Fiscal Year Ended March 31, 2015) Z TAIYO HOLDINGS CO., LTD May 1, 2015 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 co
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 semiconductor packages C
Slide 3: Classification of product
Classification of product Group Category Type Remarks Rigid Liquid for protecting surface and insulating PWB SR materials insulating PKG/FPC Liquid/Dry Film materials for interlayer insulating and hole Build-up Liquid/Dry Film plugging build-up materials FPD for PDP, touch panel, and shielding condu
Slide 4: FY2015 Topics
FY2015 Topics 1 Consolidated subsidiary, Onstatic Technology Co., Ltd.(OTC) ※ Statements of income of OTC, whose profit and loss was accounted under the equity method in the FY2014 Q1, is consolidated from the FY2015 Q1. 2 JPY was slightly weaker than estimated exchange rate of 105yen/USD China mark
Slide 5: FY2015 Topics
FY2015 Topics 7 Diversifying domestic production bases from the viewpoint of BCP (a new factory is under construction in Kita-Kyushu) 8 Implementation of an own-share repurchase by means of a Tender Offer ※aggregate purchase amount = ¥9,200,149,200 Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Right
Slide 6: Consolidated financial results: Results summary
FY2015 Consolidated financial results Results summary JPY millions FY2015 FY2014 FY2015 YoY % forecasts change % Net sales 44,224 48,260 +4,036 +9% 46,600 +1,660 104% Operating income 7,568 9,254 +1,686 +22％ 8,700 +554 106% Ordinary income 7,827 9,529 +1,702 +22％ 8,800 +729 108% Net income 4,930 6,6
Slide 7: FY2015 Net sales (YoY) breakdown
FY2015 Net sales (YoY) Breakdown of net sales JPY millions Decrease in sales volume of FPD +1,493 +3,852 -2,578 +1,269 Increase in sales volume of PWB etc. FX rate appreciation, change in product Newly consolidated mix, etc. subsidiary, OTC 48,260 44,224 FY2014 FY2015 Copyright © 2015 TAIYO HOLDINGS
Slide 8: FY2015 Operating income (YoY) breakdown
FY2015 Operating income (YoY) Breakdown of operating income JPY millions Decrease in sales volume of FPD +1,431 +750 -548 +53 Increase in FX rate appreciation, sales volume change in product Newly consolidated of PWB etc. mix, etc. subsidiary, OTC 9,254 7,568 FY2014 FY2015 Copyright © 2015 TAIYO HOL
Slide 9: BS highlights
FY2015 BS highlights BS (YoY) JPY millions Assets Liabilities and Equity 70,000 70,000 61,241 61,241 58,369 58,369 60,000 60,000 Cash Liabilities 50,000 19,766 50,000 15,713 19,929 21,149 40,000 4,525 Inventories 40,000 4,387 30,000 13,652 Other Current Assets 30,000 12,263 Equity 20,000 20,000 42,6
Slide 10: CF highlights
FY2015 CF highlights CF (YoY) JPY millions Operating CF Investing CF Financing CF 10,000 10,000 8,000 8,000 6,000 8,000 4,000 6,000 6,000 2,000 9,154 2,350 4,000 4,000 0 7,020 2,000 2,000 (2,000) (4,000) 0 0 (9,919) (6,000) (2,835) (2,000) (2,000) (3,839) (8,000) (4,000) (4,000) (10,000) FY2014 FY20
Slide 11: Sales results by product group category
FY2015 Sales results by product group category Sales results by product group category JPY millions FY2014 FY2015 40,000 33,539 29,235 30,000 20,000 9,844 10,000 7,965 4,554 1,091 1,976 1,443 1,808 1,025 0 Rigid PKG/ FPC Build-up FPD Other Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Rights Reserve
Slide 12: Segment information
FY2015 Segment information Net sales by segment JPY millions FY2014 FY2015 25,000 20,000 15,000 10,000 17,791 20,421 14,005 15,786 5,000 8,398 9,614 10,599 9,199 3,524 4,140 0 Japan China Taiwan Korea Other Operating income by segment JPY millions 4,000 3,000 2,000 3,507 2,466 2,617 1,000 1,906 1,42
Slide 13: Trend of quarterly performance
Trend of quarterly performance Net sales & operating income JPY millions Net sales（left axis） ● Operating Income (right axis） 14,000 3,000 12,000 2,500 10,000 2,000 8,000 1,500 6,000 1,000 4,000 2,000 500 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2010 FY2011 FY201
Slide 14: Electronics market forecasts
Electronics market forecasts Source: Prismark Partners LLC Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 13
Slide 15: FY2016 Financial results forecasts
FY2016 Financial results forecasts Financial results forecasts JPY millions FY2015 FY2016 results forecasts YoY % Net sales 48,260 51,500 +3,240 +7% Operating income 9,254 10,200 +946 +10% Ordinary income 9,529 10,300 +771 +8% Extraordinary income 406 - - - Extraordinary losses 15 - - - Net Income 6
Slide 16: FY2016 Net sales forecasts (YoY)
FY2016 Net sales forecasts (YoY) Net sales forecasts JPY billions Decrease in sales volume of PDP -1.6 +1.5 +3.4 Newly consolidated subsidiary, CHUGAI KASEI Increase in sales volume of PWB etc. 51.5 48.2 FY2015 FY2016 The forecasts of net sales for FY2016 is expected to grow by 7% as a result of an
Slide 17: FY2016 Operating income forecasts (YoY)
FY2016 Operating income forecasts (YoY) Operating income forecasts JPY billions Decrease in sales volume of PDP -0.17 +0.15 +0.92 Newly consolidated subsidiary, CHUGAI KASEI Increase in sales volume of PWB, 10.2 change in product mix etc. 9.25 FY2015 FY2016 The forecasts of operating income for FY20
Slide 18: Trend of financial results
Trend of financial results Trend of financial results Net sales JPY millions Operating income Net income 60,000 51,500 48,260 50,000 45,338 44,224 41,959 40,366 39,797 40,000 35,303 35,056 36,184 32,614 30,000 27,747 20,000 8,896 9,254 10,200 10,000 6,682 7,965 7,568 6,667 7,000 4,706 5,554 6,171 4,
Slide 19: Stockholder return for the most recent five years
Stockholder return for the most recent five years Stockholder return JPY millions (rounding off) ※Excluding purchase of treasury stock & dividends related to ESOP Amount of shareholder return Ratio of Net income Total Purchase shareholder of Total cash Per share treasury return dividends stock FY201
Slide 20: Capital investment & depreciation
Capital investment & depreciation Trend of capital investment & depreciation JPY millions Capital investment Depreciation 8,000 7,000 6,000 5,000 4,000 3,000 2,000 3,321 2,555 1,000 1,127 1,046 1,003 1,181 1,411 527 682 605 0 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 （forecasts） In FY2016, we will a
Slide 21: A share exchange with CHUGAI KASEI
A share exchange with CHUGAI KASEI Outline of the company Name CHUGAI KASEI CO., LTD. Founded September 18, 1941 Paid-in capital JPY 4,950 million Office Nihonmatsu Head Office Nihonmatsu Factory Urawa Factory Tokyo Office Business description Monomer synthesis, resin modification, pigment synthesis
Slide 22: zxcv
Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 21