Taiyo Holdings Co., Ltd. · TSE:4626

Taiyo — FY2019 Earnings Presentation

30 slides from Taiyo's earnings presentation, May 10, 2019

  1. Slide 1: Consolidated Financial Result Digest FY2019

    Consolidated Financial Result Digest FY2019 (Fiscal Year Ending March 31, 2019) Z TAIYO HOLDINGS CO., LTD. May 10, 2019 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

  2. Slide 2: Our Reporting Segments

    1 Our Reporting Segments Electronics Materials Manufactures, stocks and markets chemicals for PWBs and other electronic components Medical and Pharmaceuticals Develops, manufactures, and markets pharmaceuticals and quasi-drugs Other Manufactures and markets dyes, pigments and other chemical products

  3. Slide 3: Terminology

    2 Terminology Term Definition PWB Printed wiring boards SR “Solder resist ink” or “Solder mask” PKG Semiconductor packages

  4. Slide 4: Classification of Product

    3 Classification of Product Group Category Type Remarks high-end Rigid Liquid regular ・SR materials for insulation and surface PWB protection use PKG Liquid/Dry Film insulating materials FPC Liquid/Dry Film ・build-up materials for interlayer insulation and Build-up Liquid/Dry Film hole plugging use

  5. Slide 5: FY2019 Overview

    4 FY2019 Overview 1 The realized average exchange rate was JPY110.7/USD, weaker yen than company’s projection of JPY101.5/USD ① Uncertainty in the global economy has become apparent 2 due to trade friction between the U.S. and China. ② The semiconductor market has deteriorated rapidly. 3 Sales volum

  6. Slide 6: Recording of an Extraordinary Loss for Micro Network Technologies

    5 Recording of an Extraordinary Loss for Micro Network Technologies Reasons for the Occurrence of the Extraordinary Loss The results of MNT fell below the planned values in the first consolidated fiscal year. Against this background, we have rigorously and conservatively estimated the business value

  7. Slide 7: FY2019 Consolidated Financial Results

    6 FY2019 Consolidated Financial Results Result Summary Unit: JPY million ※ FY2018 FY2019 FY2019 Progress full year full year YoY % full year rate result result forecast Net sales 52,241 59,389 +7,148 +14% 60,200 99% Operating income 11,337 8,099 -3,238 -29% 9,800 83% Ordiary income 11,199 8,014 -3,1

  8. Slide 8: FY2019 Segment Information

    7 FY2019 Segment Information Sales by Segment (including inter-segment sales or transactions) Unit: JPY million FY2018 49,854 FY2019 48,086 7,661 819 1,570 3,748 電子機器用部材事業 Electronics Materials 医療・医薬品事業 Medical and Pharmaceuticals その他 Other Operating Income by Segment (including inter-segment sales

  9. Slide 9: Trend of Quarterly Performance

    8 Trend of Quarterly Performance Net Sales & Operating Income Unit: JPY million Net sales（left axis) ● Operating income (right axis） 18,000 4,000 16,000 3,500 14,000 3,000 12,000 2,500 10,000 2,000 8,000 1,500 6,000 1,000 4,000 500 2,000 0 0 (500) 1Q2Q3Q4Q1Q 2Q 3Q 4Q 1Q2Q3Q4Q1Q 2Q 3Q 4Q1Q2Q3Q4Q1Q 2Q

  10. Slide 10: FY2019 BS Highlights

    ９ FY2019 BS Highlights BS (YoY) JPY millions Assets Debt/Net assets 120,000 111,490 120,000 111,490 105,666 105,666 100,000 100,000 Cash & deposits 38,467 Liability 44,588 31,340 35,146 80,000 80,000 8,447 Inventories 5,947 60,000 18,348 Other Current Assets 60,000 17,839 40,000 40,000 Equity 73,023

  11. Slide 11: FY2019 CF Highlights

    10 FY2019 CF Highlights CF (YoY) JPY millions Operating CF Investing CF Financing CF 10,000 0 15,000 (5,487) (5,000) 10,000 8,000 5,000 11,319 (10,000) 6,000 (24,161) (15,000) 0 4,000 8,100 (20,000) (5,000) (12,001) 5,907 2,000 (10,000) (25,000) (15,000) (30,000) 0 2018年3月期 2019年3月期 2018年3月期 FY2018

  12. Slide 12: Electronics Materials Business

    Electronics Materials Business

  13. Slide 13: Electronics Materials Business Sales by Products

    12 Electronics Materials Business Sales by Products Unit: JPY million FY2017 FY2018 25,000 FY2019 21,429 20,211 20,135 20,000 15,000 13,005 12,913 12,077 11,02911,488 9,676 10,000 5,000 2,670 2,780 1,809 1,749 1,813 1,606 0 PKG ※ Rigid(high-end) リジッド高機能 Rigid(regular) リジッド汎用 PKG build-up/FPC ビルドアップ/

  14. Slide 14: Electronics Materials Business Sales by Region

    13 Electronics Materials Business Sales by Region (including inter-regional sales or transactions) Unit: JPY million 25,000 FY2018 FY2019 20,000 15,000 10,000 21,539 21,113 18,284 18,935 5,000 9,116 8,057 10,271 10,069 4,053 4,017 0 Japan 日本 China 中国 Taiwan 台湾 Korea 韓国 Other ※ その他 Operating Income b

  15. Slide 15: Electronics Materials Business New Investment

    14 Electronics Materials Business New Investment

  16. Slide 16: Medical and Pharmaceutical Business

    Medical and Pharmaceutical Business

  17. Slide 17: About the Acquisition of a new Long-listed Product

    16 Medical and Pharmaceutical Business About the Acquisition of a new Long-listed Product

  18. Slide 18: Overview of Daiichi Sankyo Propharma Takatsuki Plant (scheduled)

    17 Medical and Pharmaceutical Business Overview of Daiichi Sankyo Propharma Takatsuki Plant (scheduled)

  19. Slide 19: Overview of Daiichi Sankyo Propharma Takatsuki Plant

    18 Medical and Pharmaceutical Business Overview of Daiichi Sankyo Propharma Takatsuki Plant

  20. Slide 20: Relation to Takatsuki Plant

    19 Medical and Pharmaceutical Business Relation to Takatsuki Plant (New Company Name : Taiyo Pharma Tech)

  21. Slide 21: Prospect of Medical and Pharmaceutical Business

    20 Medical and Pharmaceutical Business Prospect of Medical and Pharmaceutical Business

  22. Slide 22: Prospect of Medical and Pharmaceutical Business

    21 Medical and Pharmaceutical Business Prospect of Medical and Pharmaceutical Business

  23. Slide 23: Investment in Regenerative Medicine

    22 Medical and Pharmaceutical Business Investment in Regenerative Medicine

  24. Slide 24: FY2020 Financial Forecasts

    FY2020 Financial Forecasts @TAIYO HOLDINGS CO.,LTD.

  25. Slide 25: Electronics Market Forecasts

    24 Electronics Market Forecasts Global production of electronic information industry (billion dollars) Global production value AV Communication electronics PC /Tablet Others Electronics component Display Semiconductor Solution service 2016 2017 2018 2019 (Result) (Result) (Forecast) (Forecast) Unit:

  26. Slide 26: FY2020 Financial Results Forecasts

    25 FY2020 Financial Results Forecasts Financial Results Forecasts JPY millions full year full year full year Progress reference YoY rate result forecast (including Takatsuki Plant） Net sales 59,389 65,000 72,500 +5,611 +9% Operating income 8,099 8,500 8,800 +401 +5% Ordinary income 8,014 8,400 8,700

  27. Slide 27: Trend of Financial Results

    26 Trend of Financial Results Trend of Financial Results JPY millions Net sales（left axis） ● Operating income（right axis） ● Net income（right axis） 70,000 65,000 14,000 60,000 12,000 50,000 8,500 10,000 40,000 8,000 30,000 6,000 20,000 5,900 4,000 10,000 2,000 0 0

  28. Slide 28: Capital Investment & Depreciation

    27 Capital Investment & Depreciation Trend of Capital Investment & Depreciation JPY millions Capital investment Depreciation 8,000 6,924 7,000 6,000 5,000 4,055 4,000 3,321 2,555 2,485 2,557 3,000 ※2 1,891 ※1 1,411 1,941 1,722 2,000 1,181 1,565 1,003 605 1,000 0 FY2013 FY2014 FY2015 FY2016 FY2017 FY

  29. Slide 29: News Topic as a Reference

    28 News Topic as a Reference Apple Introduces Taiyo Ink as an Apple Supplier with 100 percent Renewable Energy Website：Apple (Japan) URL：https://www.apple.com/jp/job-creation/ ：https://www.apple.com/jp/newsroom/2018/04 Toshitsugu Yamada｜Taiyo Green Energy ｜Saitama, Japan Taiyo Ink located in Saitama

  30. Slide 30: Taiyo Holdings Co., Ltd.

    TAIYO HOLDINGS CO., LTD. Copyright YO HOLDINGS CO., LTD. All Rights Reserved.

Taiyo Holdings — FY2019 Earnings Presentation on 6ix