Mec Company Ltd. · TSE:4971
Mec — FY2019 Earnings Presentation
22 slides from Mec's earnings presentation, Feb 13, 2020
Slide 1: Financial Results Briefing for FYE 12/2019
Financial Results Briefing for FYE 12/2019 February 13, 2020: HQ February 17, 2020: Tokyo MEC COMPANY LTD. Securities code: 4971 https://www.mec-co.com/en/
Slide 2: FYE 12/2019 Key factors
FYE 12/2019 Key factors Assumed/actual exchange rate JPY to NTD Assumed rate: 3.66 yen / Actual rate: 3.54 yen (previous year was 3.66 yen) １ JPY to RMB Assumed rate: 16.85 yen / Actual rate: 15.85 yen (previous year was 16.69 yen) JPY to EUR Assumed rate: 130.88 yen / Actual rate: 122.53 yen (previ
Slide 3: FYE 12/2019 Results - 1
FYE 12/2019 Results - 1 4Q 2H Full-year YOY YOY FYE19.12 YOY Forcast FYE18.12 FYE19.12 FYE18.12 FYE19.12 FYE18.12 FYE19.12 (%) (%) (Forcast) (%) ratio(%) Net sales 2,896 2,761 -4.7% 5,829 5,889 1.0% 11,328 10,865 10,700 -4.1% 1.6% Chemical sales 2,847 2,715 -4.6% 5,745 5,767 0.4% 11,131 10,657 - -4.
Slide 4: FYE 12/2019 Results - 2
FYE 12/2019 Results - 2 4Q 2H Full-year YOY YOY FYE19.12 YOY Forcast FYE18.12 FYE19.12 FYE18.12 FYE19.12 FYE18.12 FYE19.12 (%) (%) (Forcast) (%) ratio(%) CZ sales 1,348 1,468 8.8% 2,766 2,952 6.7% 5,571 5,517 5,718 -1.0% -3.5% Chemical sales 47.4% 54.1% - 48.1% 51.2% - 50.0% 51.8% - - - CZ-8100 253
Slide 5: Net sales YOY
Net sales YOY (million yen) Adhesion improves Etching solution Other solution Machine sales Material sales Other sales １１，３２８ Foreign exchange １０，８６５ Million yen 462 million yen 4.1 % down FYE12/2018 FYE12/2019 Financial Results Briefing for FYE 12/2019 4
Slide 6: Operating income YOY
5 FYE12/2019 (million yen) １，６３７ Foreign exchange （Selling、general and administrative expenses） Selling, general and 585 million yen 26.4 % down administrative expenses Foreign exchange （Gross profit） Financial Results Briefing for FYE 12/2019 Material and Other sales Gross profit Material and Opera
Slide 7: Quarterly net sales
Quarterly net sales 3,500 3,000 2,500 2,000 1,500 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 2017 Converted 2018 2019 Consolidated 2,374 2,585 2,811 2,978 2,660 2,839 2,932 2,896 2,328 2,648 3,128 2,761 Non-consolidated 1,675 1,791 2,002 2,131 1,767 2,026 2,168
Slide 8: Quarterly operating income
Quarterly operating income 1,000 800 600 400 200 (Million yen ) 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 2017 Converted 2018 2019 Consolidated 307 605 762 663 520 518 708 475 205 404 755 271 Non-consolidated 197 413 600 544 288 459 558 184 132 121 527 280 Financial Results Briefing fo
Slide 9: Quarterly ordinary income
Quarterly ordinary income 1,000 800 600 400 200 (Million yen ) 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 2017 Converted 2018 2019 Consolidated 292 618 788 698 511 531 721 473 240 398 757 326 Non-consolidated 847 425 617 569 337 615 575 170 349 108 535 336 Financial Results Briefing for
Slide 10: Quarterly net income
Quarterly net income 1,000 800 600 400 200 (Million yen ) 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 2017 Converted 2018 2019 Consolidated 180 485 566 571 365 523 540 348 158 298 549 229 Non-consolidated 760 364 461 488 255 536 448 136 275 91 403 262 Financial Results Briefing for FYE 1
Slide 11: Product-specific quarterly sales (consolidated)
Product-specific quarterly sales (consolidated) 3,500 3,000 2,500 2,000 1,500 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 2017 Converted 2018 2019 Other 8 1 5 2 16 1 4 1 6 1 5 4 Mmaterials for PCBs 36 26 28 23 21 46 19 3 15 15 58 17 Equipments for PCBs 27 39 7 8 9
Slide 12: Quarterly chemical sales (consolidated)
Quarterly chemical sales (consolidated) 3,500 Adhesion improves : CZ, V-Bond, FlatBOND, UT etc. Etching solution : EXE, SF etc. 3,000 2,500 2,000 1,500 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 2017 Converted 2018 2019 Other surface processing solution 172 186 2
Slide 13: Chemical shipment volume (consolidated)
Chemical shipment volume (consolidated) 12,000 10,000 8,000 6,000 4,000 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 (t) 2017 Converted 2018 2019 Other surface processing solution 352 366 423 451 360 377 424 399 338 310 320 319 Etching solution 1,768 1,925 2,350 2,394 1,978 2,186 2,
Slide 14: CZ series sales
CZ series sales 1,600 1,400 1,200 1,000 800 600 400 Million yen 200 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 2017 2018 2019 Other CZ 316 342 377 438 392 407 420 382 413 330 475 446 8101 628 634 704 709 723 733 725 713 540 789 752 753 8100 249 269 260 270 270 279 272 253 232 260 257 26
Slide 15: CZ series sales (composition ratio)
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 2017 2018 2019 Other CZ 26% 27% 29% 31% 29% 28% 30% 28% 34% 24% 32% 31% 8101 53% 51% 52% 50% 52% 52% 51% 53% 46% 57% 51% 51% 8100 21% 22% 19% 19% 19% 20% 19% 19% 20%
Slide 16: Region-specific sales and overseas sales ratio
Region-specific sales and overseas sales ratio 1,600 60 1,400 50 1,200 40 1,000 (%) 800 30 600 20 400 (Million yen) 10 200 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 2017 Converted 2018 2019 Japan 1,104 1,225 1,383 1,479 1,239 1,332 1,384 1,410 1,077 1,231 1,430 1,303 Asia 1,104 1,195
Slide 17: FYE 12/2020 full-year forecast
FYE 12/2020 full-year forecast FYE 12/2019 FYE 12/2020 (51th term) (52th term) Full-year 1H Full-year Profit Profit YOY Amount ratio Amount Profit ratio Amount ratio change (million yen) (million yen) (%) (million yen) (%) (%) (%) Net sales 10,865 - 5,000 - 11,600 - 6.8 Operating income 1,637 15.1 6
Slide 18: Capital investment, depreciation expenses and R&D expenses
Capital investment, depreciation expenses and R&D expenses 2,500 14.0 12.1 11.0 2,033 9.8 11.0 12.0 2,000 9.7 1,407 10.0 1,362 1,200 1,500 1,240 783 1,048 1,053 692 8.0 902 Million yen 568 592 855 368 6.0 % 1,000 609 4.0 500 2.0 0 0.0 FYE3/2017 FYE12/2017 FYE12/2018 FYE12/2019 FYE12/2020 (Converted)
Slide 19: Dividend, payout ratio and ROE
Dividend, payout ratio and ROE 45 13.0 13.0 14.0 12.0 39.5 40 39.9 12.0 35 10.0 30 28.0 23.4 7.9 7.6 23.6 8.0 25 ％ Yen 20 6.0 15 26 26 26 4.0 10 20 22 2.0 5 0 0.0 FYE3/2017 FYE12/2017 FYE12/2018 FYE12/2019 FYE12/2020 (Converted) （Forcast） Dividend Payout ratio ROE Financial Results Briefing for FYE
Slide 20: 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 21: 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
Slide 22: Contact
■Contact■ Corporate Communication Office MEC COMPANY LTD. Email: mec_ir@mec-np.com This presentation includes forward-looking statements (such as predictions and business forecasts) made in February 13, 2020. These statements are assumptions based on information available at the time, and they are s