Nisshinbo Holdings Inc. · TSE:3105
Nisshinbo — Q2 2022 Earnings Presentation
38 slides from Nisshinbo's earnings presentation, Aug 10, 2022
Slide 1: Financial Results for FY2022 2Q
Financial Results for FY2022 2Q (Jan. 2022 – Jun. 2022) Nisshinbo Holdings Inc. Aug. 10, 2022
Slide 2: Table of Contents
Table of Contents 1. FY2022 2Q Results Overview P.3 2. Forecast for FY2022 and topics P.10 3. Business strategies of Micro devices P.14 4. Appendix P.34 The earnings forecasts contained in these materials are based on information currently available to the Company and are not promises of achievement
Slide 3: 1. FY2022 2Q Results Overview
1. FY2022 2Q Results Overview 3
Slide 4: 1-1. Financial Highlights (y/y)
1-1. Financial Highlights (y/y) （mil. yen） FY2021 FY2021 FY2022 Change 2Q 2Q 2Q reclassified(※) rate Net sales 264,128 248,808 256,865 +8,056 +3.2% Operating income 19,416 18,464 12,962 -5,501 ▲29.8% Ordinary income 22,564 21,900 17,682 -4,217 ▲19.3% Net income Attributable to 17,098 16,633 13,196 -
Slide 5: 1-2. FY2022 2Q Net sales (y/y)
1-2. FY2022 2Q Net sales (y/y) （mil. yen） FY2021 FY2022 Change 2Q 2Q reclassified rate Wireless comms 81,200 77,487 -3,713 ▲4.6% Microdevices 36,951 41,071 +4,119 +11.1% Brakes 69,210 75,525 +6,315 +9.1% Precision instruments 24,198 24,457 +258 +1.1% Chemicals 5,286 6,065 +779 +14.7% Textiles 14,971
Slide 6: 1-2. FY2022 2Q Net sales (y/y)
1-2. FY2022 2Q Net sales (y/y) Millions of yen 6
Slide 7: 1-3. FY2022 2Q Operating income (y/y)
1-3. FY2022 2Q Operating income (y/y) （mil. yen） FY2021 FY2022 Change 2Q 2Q reclassified rate Wireless comms 6,034 5,021 -1,013 ▲16.8% Microdevices 2,240 4,582 +2,341 +104.5% Brakes 3,506 -2,165 -5,672 - Precision instruments 739 -76 -816 - Chemicals 923 1,163 +239 +26.0% Textiles -541 -307 +234 - R
Slide 8: 1-3. FY2022 2Q Operating income (y/y)
1-3. FY2022 2Q Operating income (y/y) Millions of yen 8
Slide 9: 1-4. Ordinary income to net income (y/y)
1-4. Ordinary income to net income (y/y) （mil. yen） FY2021 FY2022 Change 2Q 2Q rate Operating income 19,416 12,962 -6,454 ▲33.2% Non-operating income 4,606 6,548 +1,942 +42.2% Non-operating expenses 1,458 1,829 +371 +25.4% Ordinary income 22,564 17,682 -4,882 ▲21.6% Extraordinary income 2,287 1,587
Slide 10: 2. Forecast for FY2022
NISSHNBO 2. Forecast for FY2022 10
Slide 11: 2-1. Forecast for FY2022
2-1. Forecast for FY2022 （mil. yen） FY2022 FY2022 2Q Initial FC Rate of Feb. 9 progress Net sales 256,865 513,000 50.1% Operating income 12,962 23,000 56.4% Ordinary income 17,682 26,000 68.0% Net income Attributable 13,196 17,000 77.6% to Owners of Parent ・No change from the initial forecast announ
Slide 12: Declaration of Carbon Neutrality
2-2. FY2022 Topics① ① Declaration of Carbon Neutrality Based on the results of a climate change scenario analysis in accordance with the TCFD recommendations, Nisshinbo Holdings announced an environmental goal of reducing the Group's greenhouse gas emissions by 50% or more by 2030. At the same time,
Slide 13: Construction of a new plant for fuel cell bipolar plates
2-2. FY2022 Topics② ② Construction of a new plant for fuel cell bipolar plates Orders are expected to exceed the production capacity of existing plants by 2023. To catch up and further expand its business, the company will increase production and strengthen its competitiveness by expanding its plant
Slide 14: 3. Business strategies of Micro Devices
3. Business strategies of Micro Devices 14
Slide 15: Electronic Devices Business: Issues to Achieve FY22 Plan
Electronic Devices Business: Issues to Achieve FY22 Plan Decrease in 1. Customer production issues (operation stoppages, logistics disruptions) customer due to supply chain disruptions caused by Covid-19 expansion and production due lockdowns. to supply chain 2. Component procurement issues due to d
Slide 16: Electronic Devices Business Situation
Electronic Devices Business Situation Market Area Business situation Although the market has seen an increase in the number of requests from customers to delay Domestic deliveries due to excess inventory of parts, we expect sales in 2023 to remain at about the same level as in 2022, based on our lon
Slide 17: Production Status of Electronic Devices (Front-end process)
Production Status of Electronic Devices (Front-end process) Ratio of production volume in FY2022 (8-inch equivalent) Yashiro Yashiro 6-inch Annual average Fukuoka 2020 2021 2022 Reinforcement of Reinforcement of facilities and personnel facilities and personnel Kawagoe Yashiro 6-inch ・Full capacity
Slide 18: Production Status of Electronic Devices (Back-end process)
Production Status of Electronic Devices (Back-end process) Ratio of production volume in FY2022 NISD AT NISD AT IC Assembly AT Average Monthly Production NISD THAI 2020 2021 2022 Outsourcing NISD AT ・Line reinforcement contributes to elimination NISD THAI IC Assembly Average monthly production in TH
Slide 19: Electronic Devices Business Procurement
Electronic Devices Business Procurement Impact of price hikes <Front-end process> related to production ●Continued hikes in silicon wafers and chemicals, and ※Without the impact of outsourced FAB costs currency fluctuations Continued price hikes due to strong demand for electronic components, rising
Slide 20: Development Status of Yashiro 0.18μm
Development Status of Yashiro 0.18μm FAB- Voltage ROIC for image Small USS Digital-analog mixed loading sensors <Process> by high-speed logic AFE for encoder Φ8" <1> 1.8/5V LiDAR amp Automotive Φ8" <2> 1.8 /3.3V MEMS USS Mic. amp IP (memory) Digital-analog mixed loading with high-precision ADC Low R
Slide 21: Promoting Business Reforms for Growth
Promoting Business Reforms for Growth Renewal 3) Transformation into an analog solutions provider Three SINKAs ・Deployment of sensing devices (modules) ・Incorporate control logic (DSP, microcontrollers), short-distance communication technology to further increase the value provided to customers in t
Slide 22: Promoting Business Reforms for Growth
Promoting Business Reforms for Growth Providing Customer-Oriented Solutions -Expanding from the Component Business to the System Level Ultra-sonic sensor Strengthening Modular technology Strengthening Signal Microwave sensor capabilities Optical sensor Gas sensor Sensor Software development Processi
Slide 23: Promoting Group Contribution Businesses
Promoting Group Contribution Businesses • Expansion of new businesses and the launch of new products Under development of new products through technology integration in collaboration with Nisshinbo Group companies NISB NISH Foot sensing activity NISB [Smart Brake Pad] [Predictive Sensor for Automoti
Slide 24: APPENDIX
NSSHNBO M9 Bae r00F rate APPENDIX 24
Slide 25: Corporate philosophy and vision
Corporate philosophy and vision Significance of integration: Mainly in the electronic devices business, by leveraging the strengths of both companies to expand our strong product portfolio, Nisshinbo Micro Devices will become an analog solutions provider expected from customers around the world. ■Co
Slide 26: NISD policy
NISD policy 2022 NISD Slogan Transformation through integration. Pursuit of value provided to customers and creation of solution businesses. ■Promotion of electronic device business with competitive advantage ■Expansion of microwave business and profit generation ■Integration and Strengthening of St
Slide 27: Business Category (Electronic Devices)
Business Category (Electronic Devices) SP(Signal Processing) : Signal processing ICs, including operational amplifiers and sensor Electronic products for the growing market Devices EM(Energy Management) : Power supply control system ICs, which are required for all kinds of devices and increasingly d
Slide 28: Electronic Devices Business EM Field Topics
Electronic Devices Business EM Field Topics RN5T5611 Completed Mobility NJW4790 Completed Infrastructure & Safety PMIC for functional safety-compatible CMOS image sensors Pseudo-resonant RCC soft switching control IC ■AC/DC power supply ICs compliant with energy conservation and EMC standards For Fu
Slide 29: Electronic Devices Business SP Area Topics
Electronic Devices Business SP Area Topics Life & Expansion of lineup for GNSS 1.2GHz band Completed NJL5830R Healthcare Infrastructure & (NJG1186PJL: FEM/ NT1191: Wide-bandwidth LNA/ Safety Optical reflective sensor with touchless buttons NT1192: 1.2GHz band LNA) developed Life & Healthcare Fusion
Slide 30: Business Category (Microwave)
Business Category (Microwave) Microwave Tubes and Peripheral Equipment: Microwave Electron Tubes and Other Products Microwave Applied Products: Product Lineup Using Solid-State Microwave Technologies Product axis Microwave Business Microwave tubes・ Field Peripheral equipment Microwave application pr
Slide 31: Microwave Business Market/Market Conditions by Product
Microwave Business Market/Market Conditions by Product Product Major Status of Orders Received and Business Negotiations category category Sales of magnetrons for ship radar remained strong both in Japan and overseas due to an increase in ship transport volume and are expected to remain so in the se
Slide 32: Procurement Status of Microwave Business
Procurement Status of Microwave Business Production materials and lead times 0 days 100 days 200 days 300 days 400 days 500 days 600 days 700 days Products 365 560 Microcontrollers Analog IC 574 658 OTHER ELECTRON 365 510 DEVICES Connectors/Boards 180 425 or more Raw materials Metal 120 365 Gas 75 U
Slide 33: Microwave Business Topics
Microwave Business Topics Increase in orders for microfocus electronic guns 24 GHz Microwave Sensor-Module Commenced Mass Production For Canon Anelva (NJK1153) For TOTO Corporation (NJR4274) Equipped with the microfocus X-ray source for industrial Mass production of the NJR4274 microwave sensor non-
Slide 34: 4. Appendix
NISSHNBO 4. Appendix 34
Slide 35: 4-1. Financial results by segment ①
4-1. Financial results by segment ① 2021年度 当期 2022年度 21/12期 21/12期 2Q(組替後) 22/12期 2Q 前期組替後比 22/12期予想(2/9) 22/12期予想(8/10) 無線・通信 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 マリンシステム 33,227 791 16,166 329 16,551 470 385 141 36,000 1,200 36,000 1,200 ソリューション・特機 71,254 5,557 40,940 4,993 39,617
Slide 36: 4-2. Financial results by segment ②
4-2. Financial results by segment ② 当期 2022年度 21/12期 21/12期 2Q(組替後) 22/12期 2Q 前期組替後比 22/12期予想(2/9) 22/12期予想(8/10) 精密機器 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 精密部品 15,891 223 5,617 156 7,013 -51 1,396 -207 18,000 1,100 16,000 400 成形品 44,038 1,306 20,301 981 19,809 406 -492 -575 39,000
Slide 37: 4-3. Financial results by segment ③
4-3. Financial results by segment ③ 当期 2022年度 21/12期 21/12期 2Q(組替後) 22/12期 2Q 前期組替後比 22/12期予想(2/9) 22/12期予想(8/10) 不動産 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 売上高 営業利益 合計 15,584 9,388 12,566 7,966 8,721 7,277 -3,844 -688 10,500 7,500 10,500 8,000 21/12期 21/12期 2Q(組替後) 22/12期 2Q 前期組替後比 22/12期予想(2
Slide 38: Abbreviations for Nisshinbo group companies
Abbreviations for Nisshinbo group companies NISH: Nisshinbo Holdings Inc. Consolidated subsidiaries of NISH. JRC: Japan Radio Co., Ltd. NISD: Nisshinbo Micro Devices Inc. NISB: Nisshinbo Brake Inc. NISM: Nisshinbo Mechatronics Inc. NISC: Nisshinbo Chemical Inc. NIST: Nisshinbo Textile Inc. 38