Nippon Chemi-Con Corporation · TSE:6997
Nippon Chemi-Con — Q1 FY2020 Earnings Presentation
9 slides from Nippon Chemi-Con's earnings presentation, Aug 5, 2020
Slide 1: Results for 1Q FY 2020
Translation Results for 1Q FY 2020 （Three months ended June 30, 2020) Nippon Chemi‐Con Corporation August 5, 2020 1
Slide 2: 1Q FY2020 Financial Results Summary
Translation FY2019 FY2020 YoY Change QoQ Change (Billion Yen) 1Q 4Q 1Q Amount ％ Amount ％ Net Sales 28.72 28.97 23.78 (4.94) (17.2) (5.19) (17.9) Operating Income (0.94) (0.90) (0.31) 0.63 － 0.58 － Operating Income Ratio (3.3)％ (3.1)% (1.3)% 2.0pt － 1.8pt － Profit Attributable to Owners of Parent (1.
Slide 3: Net Sales by Product Group
Translation (Billion Yen) Product Group FY2019 FY2020 YoY Change QoQ Change 1Q 4Q 1Q Amount ％ Amount ％ Aluminum Electrolytic Capacitors 24.02 24.66 20.13 (3.89) (16.2) (4.53) (18.3) (Conductive Polymer Capacitors) 2.60 3.86 3.37 0.77 29.8 (0.49) (12.7) DLCAPTM 1.18 1.00 0.54 (0.63) (53.8) (0.45) (45
Slide 4: Net Sales by Market: COVID-19 Decreased Demand
Translation The spread of COVID‐19 resulted in a large decrease in demand, mainly in the automotive electronics market Net Sales ↓ Automotive Electronics︓Continued downturn in sales in markets besides (Billion Yen) Greater China 35 ↑ ICT: Increase in set ups of 5G base stations and server demand 30
Slide 5: Operating Income Change QoQ
Translation Main positives: 1) Cost reduction 2) Reduction of manufacturing fixed costs 3) Reduction of SG&A expenses Main negatives: Large decrease in demand centered around the automotive electronics market due to the spread of COVID‐19 Operating Income Quarterly Operating Income Operating Income
Slide 6: Structural reforms in progress according to the plan announced in May 2020
Translation Structural reforms in progress according to the plan announced in May 2020 Main Measures 1Q FY2020 1. Reduce fixed costs Reduction of personnel costs and depreciation costs underway according to plan +¥0.25b 2. Improve profit through productivity improvement Promote smart factories +¥0.1
Slide 7: Outlook: Market Demand Recovery
Translation ‐ The spread of COVID‐19 to show a partial slowdown in the first quarter and demand to gradually recover in the second quarter ‐ There are no plans of halting production at any of the production bases besides CCW(Feb.) and CCM(Apr.) ‐ Demand and production in Greater China recovered quic
Slide 8: Improving Profitability from Conductive Polymer Capacitor Demand
Translation Improvement in profitability from the demand expansion of conductive polymer aluminum solid capacitors and conductive polymer hybrid aluminum electrolytic capacitors ‐ Increase in IT devices due to the expansion of telework ⇒ Demand for laptops and tablets to grow ‐ Increase in datacente
Slide 9: Note
Translation 〔Note〕 The projected performance figures in this material are based on information available to Nippon Chemi‐Con’s management at the time this material was prepared. There are many uncertain factors inherent in forecasting, and there might be cases in which actual results differ from for