Mec Company Ltd. · TSE:4971
Mec — Q3 FYE 12/2019 Earnings Presentation
18 slides from Mec's earnings presentation, Nov 12, 2019
Slide 1: Financial Results Briefing for Q3 FYE 12/2019
Financial Results Briefing for Q3 FYE 12/2019 November 12, 2019: HQ November 13, 2019: Tokyo MEC COMPANY LTD. Securities code: 4971 https://www.mec-co.com/en/
Slide 2: Q3 FYE 12/2019 Key factors
Q3 FYE 12/2019 Key factors Assumed/actual exchange rate JPY to NTD Assumed rate: 3.66 yen / Actual rate: 3.53 yen (previous year was 3.66 yen) １ JPY to RMB Assumed rate: 16.85 yen / Actual rate: 15.93 yen (previous year was 16.82 yen) JPY to EUR Assumed rate: 130.88 yen / Actual rate: 122.83 yen (pr
Slide 3: Q3 FYE 12/2019 Results - 1
Q3 FYE 12/2019 Results - 1 Q3 Q3 vs. same period vs. forecasts FYE12/2018 FYE12/2019 Profit Profit Amount YOY Amount Amount ratio Amount ratio change Ratio (million (million (million yen) (million yen) (%) （%） （%） （%） yen) yen) Net sales 8,432 - 8,104 - -327 -3.9 -2,595 75.7 Operating income 1,747 2
Slide 4: Q3 FYE 12/2019 Results - 2
Q3 FYE 12/2019 Results - 2 Q3 Q3 FYE12/2018 FYE12/2019 vs. same period YOY Amount Amount Amount change* (million yen) (million yen) (million yen) (%) Chemical sales 8,284 7,942 -341 -4.1% Ratio of net sales（％） 98.2% 98.0% - -0.2pt CZ series sales 4,222 4,049 -173 -4.1% Ratio of net sales（％） 51.0% 51
Slide 5: Net sales YOY
Net sales YOY (million yen) DOWN DOWN DOWN UP UP DOWN Adhesion improves Etching solution Other solution Machine sales Material sales Other sales ８，４３２ ８，１０４ 4,976 Q3 Q3 FYE12/2018 FYE12/2019 Financial Results Briefing for Q3 FYE 12/2019 4
Slide 6: Operating income YOY
5 FYE12/2019 (million yen) Q3 １，３６６ Foreign exchange UP （Selling、general and administrative expenses） DOWN Selling, general and administrative expenses Foreign exchange DOWN （Gross profit） Financial Results Briefing for Q3 FYE 12/2019 Material and UP Other sales Gross profit Material and DOWN Operat
Slide 7: Quarterly net sales
Quarterly net sales 3,500 3,000 2,500 2,000 1,500 1,000 (Millions of yen ) 500 0 Jan-Mar Apr-Jun Jul-Sep Oct.-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 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 Non-consolidated 1,675 1,7
Slide 8: Quarterly operating income
Quarterly operating income 1,000 800 600 400 200 (Millions of yen ) 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 Consolidated 307 605 762 663 520 518 708 475 205 404 755 Non-consolidated 197 413 600 544 288 459 558 184 132 121 527
Slide 9: Quarterly ordinary income
Quarterly ordinary income 1,000 800 600 400 200 (Millions of yen ) 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 Consolidated 292 618 788 698 511 531 721 473 240 398 757 Non-consolidated 847 425 617 569 337 615 575 170 349 108 535
Slide 10: Quarterly net income
Quarterly net income 1,000 800 600 400 200 (Millions of yen ) 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 Consolidated 180 485 566 571 365 523 540 348 158 298 549 Non-consolidated 760 364 461 488 255 536 448 136 275 91 403 Financ
Slide 11: Product-specific quarterly sales (consolidated)
Product-specific quarterly sales (consolidated) 3,500 3,000 2,500 2,000 1,500 1,000 (Millions of yen) 500 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 Other 8 1 5 2 16 1 4 1 6 1 5 materials for PCBs 36 26 28 23 21 46 19 3 15 15 58
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 (Millions of yen) 500 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 Other
Slide 13: Chemical shipment volume (consolidated)
Chemical shipment volume (consolidated) 12,000 10,000 8,000 6,000 4,000 2,000 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep (t) 2017 Converted 2018 2019 Other surface processing solution 352 366 423 451 360 377 424 399 338 310 320 Etching solution 1,768 1,
Slide 14: CZ series sales
CZ series sales 900 800 700 600 500 400 300 200 ( Millions of yen ) 100 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 ＣＺ－8100 249 269 260 270 270 279 272 253 232 260 257 ＣＺ－8101 628 634 704 709 723 733 725 713 540 789 752 Financial
Slide 15: 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 (Millions of yen) 10 200 0 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep 2017 Converted 2018 2019 Japan 1,104 1,225 1,383 1,479 1,239 1,332 1,384 1,410 1,
Slide 16: FYE 12/2019 Full-year forecasts
FYE 12/2019 Full-year forecasts FYE 12/2018 FYE 12/2019 (50th term) (51th term) Amount Profit ratio Amount Profit ratio YOY change* (million yen) (%) (million yen) (%) (%) Net sales 11,328 - 10,700 - -5.6 Operating income 2,222 19.6 1,550 14.5 -30.3 Ordinary income 2,236 19.7 1,600 15.0 -28.5 Net in
Slide 17: Capital investment, Depreciation expenses and R&D expenses
Capital investment, Depreciation expenses and R&D expenses 2,500 14.0 2,208 2,033 12.0 2,000 12.0 11.0 1,957 1,28010.0 1,500 9.7 9.8 735 8.0 8.8 1,048 1,240 Million yen 798 902 1,053 368 568 6.0 % 1,000 360 609 592 4.0 500 2.0 0 0.0 Capital investment Depreciation expenses R&D expenses R&D expense r
Slide 18: Dividend, Payout ratio and ROE
Dividend, Payout ratio and ROE 50 13.0 13.0 14.0 12.5 12.0 42.9 45 12.0 40 35 10.0 7.6 30 23.6 23.6 28.0 8.0 23.4 ％ Yen 25 6.0 20 15 4.0 26 26 10 20 22 18 2.0 5 0 0.0 Dividend Payout ratio ROE Financial Results Briefing for Q3 FYE 12/2019 17