Taiyo Holdings Co., Ltd. · TSE:4626
Taiyo — FY2016 Q2 Earnings Presentation
18 slides from Taiyo's earnings presentation, Oct 30, 2015
Slide 1: Consolidated Financial Result Digest FY2016 Q2
Consolidated Financial Result Digest FY2016 Q2 (Fiscal Year Ended March 31, 2016) Z TAIYO HOLDINGS CO., LTD October 30, 2015 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 o
Slide 2: Terminology
Terminology Term Definition PWB Materials Chemical products for printed wiring boards FPD Materials Chemical products for flat panel displays SR “Solder resist ink” or “solder mask” PKG Materials Chemical products for semiconductor packages Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Rights Reserv
Slide 3: Classification of product
Classification of product Group Category Type Remarks Rigid Liquid for protecting surface and insulating PWB SR materials insulating PKG/FPC Liquid/Dry Film materials for interlayer insulating and hole Build-up Liquid/Dry Film plugging build-up materials FPD for touch panel, and shielding conductive
Slide 4: FY2016 Q2 Topics
FY2016 Q2 Topics 1 Chugai Kasei Co., Ltd ’s business performance is consolidated with Taiyo’s consolidated financial statements starting May 2015 (11 months of consolidated period in this fiscal year) 2 JPY was slightly weaker than estimated exchange rate of 110yen/USD 3 Decrease in sales volume mai
Slide 5: FY2016 Q2 Consolidated financial results: Results summary
FY2016 Q2 Consolidated financial results Results summary JPY millions FY2016 FY2015 FY2016 H1 Progress FY2016 Q2 Q2 YoY % forecasts rate forecasts Net sales 24,778 25,400 +622 +3% 26,700 95% 51,500 Operating 4,755 5,807 +1,052 +22% 5,300 110% 10,200 income Ordinary 4,878 5,889 +1,011 +21% 5,300 111%
Slide 6: FY2016 Q2 Net sales (YoY) breakdown
FY2016 Q2 Net sales (YoY) Breakdown of net sales JPY millions Newly consolidated subsidiary, Chugai Kasei Foreign currency fluctuation +667 +385 Change in -1,843 Decrease in product mix sales volume of DF Decrease in -169 +3,230 sales volume of PWB etc. -1,648 25,400 24,778 Decrease in sales volume
Slide 7: FY2016 Q2 Operating income (YoY) breakdown
FY2016 Q2 Operating income (YoY) Breakdown of operating income JPY millions Foreign currency fluctuation, change in product mix, etc. Newly consolidated subsidiary, Chugai Kasei +90 +2,251 -850 Decrease in sales volume of DF -98 5,807 Decrease in sales volume -341 of PWB etc. 4,755 Decrease in sales
Slide 8: FY2016 Q2 BS highlights
FY2016 Q2 BS highlights BS (YoY) JPY millions Assets Liabilities and Equity 70,000 66,476 70,000 66,476 61,241 61,241 60,000 60,000 20,694 Cash 22,116 Liabilities 50,000 19,766 50,000 19,929 4,518 Inventories 40,000 4,525 40,000 14,956 Other Current Assets 30,000 30,000 13,652 20,000 41,312 44,360 E
Slide 9: FY2016 Q2 CF highlights
FY2016 Q2 CF highlights CF (YoY) JPY millions Operating CF Investing CF Financing CF 8,000 8,000 8,000 6,000 6,000 6,000 4,000 4,000 4,000 2,000 4,452 4,564 2,000 2,000 0 0 0 (1,203) (1,178) (2,000) (3,369) (3,212) (2,000) (2,000) (4,000) (4,000) (4,000) FY2015 Q2 FY2016 Q2 FY2015 Q2 FY2016 Q2 FY201
Slide 10: Sales results by product group category
FY2016 Q2 Sales results by product group category Sales results by product group category JPY millions FY2015 Q2 FY2016 Q2 20,000 18,061 16,465 10,000 5,042 5,065 1,834 1,535 547 546 888 191 0 Rigid PKG/ FPC Build-up FPD Other Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 9
Slide 11: FY2016 Q2 Segment information
FY2016 Q2 Segment information Sales by segment (including inter-segment sales or transactions) JPY millions FY2015 Q2 FY2016 Q2 12,000 10,000 8,000 6,000 8,651 9,965 11,320 4,000 8,212 2,000 4,802 5,014 5,302 3,889 2,025 2,263 0 Japan China Taiwan Korea Other Operating income by segment (including i
Slide 12: Trend of quarterly performance
Trend of quarterly performance Net sales & operating income JYP millions Net sales（left axis） ● Operating Income (right axis） 14,000 4,000 3,500 12,000 3,000 10,000 2,500 8,000 2,000 6,000 1,500 1,000 4,000 500 2,000 0 0 (500) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1
Slide 13: Kitakyushu Plant
Kitakyushu Plant Completed in October 2015 ＜Purposes＞ ＜Production＞ ・Adequate to BCP Liquid-type： 1,500 ton/year ①low disaster risk as if earthquake Dry film-type：2,800,000㎡/year ②near by major shipment destinations such as China/Korea etc. ＜Investment＞ approx. ¥3.6 billion ・Strengthen production cap
Slide 14: Investing for future
Investing for future Mega solar power station Plant factory ・Floating stations help prevent excess ・Starting production of vegetables at heat in solar panels, enabling higher plant factory as one of the food issue efficiency in power generation resolutions ・Preventing water bloom by shutting out ・Co
Slide 15: Investing for working environment
Investing for working environment Ranzan Shokudo Taiyo Cafe Taiyo Kitchen Childcare center to be opened in Cafeteria services December ・Setting up cafeteria services at 3 domestic bases ・Improving welfare program and working environment to secure talented personnel ・Contributing on communication act
Slide 16: New product projects
New product projects Conductive materials ・Electrode materials for use in touch panel installed in smartphone, tablet pc ・Conductive paste, as a future material, that do not require the use of precision metals is under development Interlayer insulating materials ・Dry film-type interlayer insulating
Slide 17: Performance-based compensation (monetary and stock)
Performance-based compensation (monetary and stock) Eligible participants: Executive directors ①Performance-based monetary compensation Total amount：1.6％ of consolidated net income JYP millions with upper limit of ¥160 million Performance-based 800 compensation ②Performance-based stock compensation
Slide 18: zxcv
Copyright © 2015 TAIYO HOLDINGS CO., LTD. All Rights Reserved. zxcv 17