Taiyo Holdings Co., Ltd. · TSE:4626
Taiyo — FY2017 Earnings Presentation
32 slides from Taiyo's earnings presentation, May 2, 2017
Slide 1: Consolidated Financial Result Digest FY2017
Consolidated Financial Result Digest FY2017 (Fiscal Year Ended March 31, 2017) Z TAIYO HOLDINGS CO., LTD May ２, 2017 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 co
Slide 2: Terminology
1 Terminology Term Definition PWB Printed wiring boards SR “Solder resist ink” or “solder mask” PKG Semiconductor packages
Slide 3: Classification of Product
2 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 Build-up Liquid/Dry Film and hole plugging use
Slide 4: FY2017 Overview
3 FY2017 Overview 1 Actual exchange rate of the yen against U.S. dollar almost the same as expectation *Estimated exchange rate:1USD=109yen / Actual exchange rate：1USD=109yen 2 A year-on-year slight increase in FY2017 sales volume 3 Increased costs due to completion of Kitakyushu Plant in September
Slide 5: Efforts for Company Growth
Efforts for Company Growth @TAIYO HOLDINGS CO.,LTD.
Slide 6: To achieve continuous growth, nurture Self-sufficient Personnel
a To achieve continuous growth, the most important thing is to nurture “Self-sufficient Personnel” who are able to think and act on their own Working challenges Fair evalvEnt) 7 ia) & salletny Arranging the 3 points mentioned above in a well-balanced condition, fostering the “Self-sufficient Personn
Slide 7: What We Done for Work Environment ①
6 What We Done for Work Environment ① Employee Cafeteria Beyond the Common Sense R&D Facility with Advanced Equipment A relaxing space with custom-made furniture made of local Japanese cedar Office that Stimulates Imagination Parenting in a Natural Environment
Slide 8: What We Done for Work Environment ②
7 What We Done for Work Environment ② Unique Education and Training System Stress Check & Employee Retention Rate
Slide 9: What We Done to Enhance Teamwork
8 What We Done to Enhance Teamwork Recreation & Club System Family-Participant Company Trip
Slide 10: Local Community Support & CSR
9 Local Community Support & CSR Participating in Local Activities Local Child Development & Connection Konjuhojyo Reward Supporting to Amateur Athletes
Slide 11: Management Policy for Future
10 Management Policy for Future
Slide 12: FY2017 Consolidated Financial Results Summary
11 FY2017 Consolidated Financial Results Results Summary JPY millions FY2016 FY2017 FY2017 results results YoY % forecasts vs.forecasts Net sales 49,843 47,866 -1,977 -4% 47,000 +866 102% Operating 10,964 9,221 -1,743 -16% 9,000 +221 102% income Ordinary 11,129 9,202 -1,927 -17% 9,200 +2 100% income
Slide 13: FY2017 Net Sales (YoY)
12 FY2017 Net Sales (YoY) Analysis of Net Sales JPY millions +624 +814 -3,415 Increase in Increase in sales volume sales volume of PWB etc. of DF Foreign currency fluctuation and Change in product mix, etc. 49,843 47,866 FY2016 FY2017
Slide 14: FY2017 Operating Income (YoY)
13 FY2017 Operating Income (YoY) Analysis of Operating Income JPY millions +300 +427 -2,470 Increase in Increase in sales volume sales volume of PWB etc. of DF Foreign currency fluctuation, change in product mix, SGA, etc. 10,964 9,221 FY2016 FY2017
Slide 15: FY2017 BS Highlights
14 FY2017 BS Highlights BS (YoY) JPY millions Assets Liabilities and Equity 100,000 92,386 100,000 92,386 90,000 90,000 80,000 80,000 20,540 Liabilities 70,000 65,464 65,464 48,800 Cash & deposits 70,000 60,000 60,000 21,408 20,214 50,000 50,000 40,000 4,016 4,416 Inventories 40,000 30,000 13,916 14
Slide 16: FY2017 CF Highlights
15 FY2017 CF Highlights CF (YoY) JPY millions Operating CF Investing CF Financing CF 12,500 12,500 22,500 10,000 10,000 20,000 17,500 7,500 7,500 15,000 5,000 10,546 5,000 12,500 9,042 2,500 10,000 20,342 2,500 7,500 0 0 5,000 (2,500) (1,063) (2,500) 2,500 (6,750) 0 (5,000) (5,000) (2,740) (2,500) (
Slide 17: FY2017 Sales Results by Product Group Category
16 FY2017 Sales Results by Product Group Category Sales Results by Product Group Category JPY millions FY2015 FY2016 FY2017 25,000 20,230 20,211 20,000 18,676 15,012 14,863 15,000 13,005 10,000 9,401 9,376 9,676 5,000 3,785 3,523 3,165 1,535 1,702 1,809 0 Rigid (high-end) Rigid (regular) PKG Build-u
Slide 18: FY2017 Segment Information
17 FY2017 Segment Information Sales by Segment (including inter-segment sales or transactions) JPY millions 25,000 FY2016 FY2017 20,000 15,000 10,000 21,820 20,618 17,002 17,917 5,000 9,854 10,042 8,825 7,739 4,451 4,076 0 Japan China Taiwan Korea Other Operating Income by Segment (including inter-s
Slide 19: Trend of Quarterly Performance
18 Trend of Quarterly Performance Net Sales & Operating Income JPY 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 4
Slide 20: Electronics Market Forecasts
19 Electronics Market Forecasts A HISTROY AND FORECAST OF THE ELECTRONICS INDUSTRY Source: Prismark Partners LLC
Slide 21: FY2018 Financial Results Forecasts
20 FY2018 Financial Results Forecasts Financial Results Forecasts JPY millions FY2017 FY2018 FY2018 result result vs. reference forecasts vs.forecasts Net sales 47,866 49,700 +1,834 +4% 46,400 -1,466 -3% Operating 9,221 9,700 +479 +5% 8,100 -1,121 -12% income Ordianry 9,202 9,600 +398 +4% 8,000 -1,2
Slide 22: FY2018 Net Sales Forecast (YoY)
21 FY2018 Net Sales Forecast (YoY) Net Sales Forecast JPY millions +1,834 -3,300 Increase in sales of PWB & DF, change in product mix Foreign currency fluctuation 47,866 49,700 46,400 FY2017 FY2018 result 109yen/USD 100yen/USD (reference) (forecast)
Slide 23: FY2018 Operating Income Forecast (YoY)
22 FY2018 Operating Income Forecast (YoY) Operating Income Forecast JPY millions -621 +1,100 Increase in SGA etc. Increase in sales -1,600 of PWB & DF, change in product mix Foreign currency fluctuation 9,221 9,700 8,100 FY2017 FY2018 result 109yen/USD 100yen/USD (reference) (forecast)
Slide 24: Trend of Financial Results
23 Trend of Financial Results Trend of Financial Results JPY millions Net sales（left axis） ● Operating income（right axis） ● Net income（right axis） 50,000 46,400 14,000 40,000 12,000 8,100 10,000 30,000 8,000 20,000 6,000 5,600 4,000 10,000 2,000 0 0 In regard to FY2018, we anticipate demand to remai
Slide 25: Capital Investment & Depreciation
24 Capital Investment & Depreciation Trend of Capital Investment & Depreciation JPY millions Capital investment Depreciation 6,000 5,000 4,000 3,000 2,000 4,055 3,321 2,555 2,485 1,000 1,891 1,722 1,181 1,411 682 1,046 605 1,003 0 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 （forecasts） While th
Slide 26: Outline of the Business Alliance with DIC
Outline of the Business Alliance with DIC
Slide 27: DIC Company Profile
26 Outline of the Business Alliance with DIC Company Profile As of December 31, 2016 Company Name DIC Corporation Headquarter DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo 103-8233, Japan Established February 15, 1908 Capital 96.6 billion yen Number of Consolidated 20,481, Non-consolidated
Slide 28: Business Portfolio of Taiyo HD & DIC
27 Outline of the Business Alliance with DIC Business Portfolio of Taiyo HD & DIC Raw Material Upstream Processing Downstream Processing Market Converter Painting Solid Liquid Printing Ink Pigment Additive Ink Ink Publications・ resin material Printing, Newspaper Packages Painting Painting Fine Pigme
Slide 29: Overview of Business Alliance
28 Outline of the Business Alliance with DIC Overview of Business Alliance Joint development of new components and materials for printed wiring boards such as MIDs (molded interconnect devices) using technology possessed by the Taiyo Group and DIC Joint development of printable wiring board material
Slide 30: Overview of Capital Alliance
29 Outline of the Business Alliance with DIC Overview of Capital Alliance New shares issued Common shares 1,312,600 shares 1) Type/number of shares Shares to be disposed Common shares 4,304,700 shares Total 5,617,300 shares 2) Issuance/Disposition price 4,428 yen per share 3) Total proceeds Approx.
Slide 31: Capital Alliance Plan
30 Outline of the Business Alliance with DIC Capital Alliance Plan Specific Uses Amount To fund rebuilding of Taiwan Plant and aiming for productivity 7.5 billion yen innovation (OTC Taiwan integration) To fund expansion of the number of lines at the Kitakyushu plant 2.5 billion yen To fund the purc
Slide 32: See the Next Stage at Taiyo Holdings
See (NEXT STAGE AT TAIYO HOLDINGS CO., LTD. Copyright YO HOLDINGS CO., LTD. All Rights Reserved.