Jcu Corporation · TSE:4975
Jcu — Q3 FY3/25 Earnings Presentation
29 slides from Jcu's earnings presentation, Feb 6, 2025
Slide 1: Financial Results Briefing Material for 3Q FY3/25
Financial Results Briefing Material for the Third Quarter of the Fiscal Year Ending March 2025 JCU CORPORATION TSE Prime (Stock Code: 4975) February 6, 2025 Financial Results Briefing Material for 3Q FY3/25 1
Slide 2: Summary of Consolidated Financial Results for 3Q FY3/25
Summary of Consolidated Financial Results for 3Q FY3/25 Accounting Period of 3Q FY3/25 JCU (non-consolidated): April 1 to December 31, 2024 Overseas subsidiaries: January 1 to September 30, 2024 ■China: The inventory adjustment of high-performance electronic devices including smartphones ran its cou
Slide 3: Summary of Financial Results for 3Q FY3/25
Summary of Financial Results for 3Q FY3/25 (Millions of yen) Same period of YoY previous FY 3Q FY3/25 % Change (3Q FY3/24) Net sales 17,212 20,732 20.5% Operating profit 5,384 7,636 41.8% Ordinary profit 5,631 7,954 41.2% Profit attributable to owners of parent 3,746 5,487 46.5% Net income per share
Slide 4: Foreign Exchange Rates
Foreign Exchange Rates Foreign exchange sensitivity (as at the consolidated year): Changes of about 100 million yen in consolidated operating profit with 1% change in major currency rates listed below (Yen) FY3/24 FY3/25 (Initial 1Q 2Q 3Q 4Q forecast) 1Q 2Q 3Q Chinese yuan (CNY) 19.34 19.45 19.61 19
Slide 5: Changes in Consolidated Operating Profit for 3Q FY3/25
Changes in Consolidated Operating Profit for 3Q FY3/25 (Millions of yen) 10,000 ■ Positive factors (YoY change) ■ Negative factors +2,252 9,000 342 (644) 493 69 8,000 946 7,000 1,046 6,000 5,000 Higher sales of chemicals from chemicals Increase in gross profit local currencies to JPY) (due to conver
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results (Millions of yen) 2,971 8,000 3,000 2,660 2,640 2,657 2,669 7,000 2,288 2,500 1,965 2,020 1,995 6,000 1,716 2,000 1,379 Operating Profit 5,000 1,500 Net Sales 4,000 1,000 3,000 500 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY
Slide 7: Quarterly Consolidated Financial Results (By Segment)
Quarterly Consolidated Financial Results (By Segment) 70.0 7,997 8,000 7,584 7,648 60.0 6,957 6,824 6,434 6,348 6,160 50.0 5,912 6,000 5,639 Net Sales (Millions of yen) 5,225 Operating Margin (%) 40.0 38.2 39.1 36.1 37.2 4,000 34.8 34.7 33.8 30.0 32.8 30.5 30.4 26.4 20.0 2,000 10.0 0 0.0 1Q 2Q 3Q 4Q
Slide 8: Consolidated Segment Results for 3Q FY3/25
Consolidated Segment Results for 3Q FY3/25 (Millions of yen) 20,000 20,000 17,812 前期3Q累計 3Q FY3/24 15,650 3Q FY3/25 2025年3月期3Q累計 15,000 (Breakdown) 15,000 (Breakdown) Plating machines 1,149 Plating machines 2,530 Plasma system 329 Plasma system 249 Solar power related 83 Solar power related 141 10,0
Slide 9: Quarterly Sales of Chemicals in Japan and Overseas
Quarterly Sales of Chemicals in Japan and Overseas (Millions of yen) 6,000 90% 81% 84% 81% 83% 83% 80% 80% 81% 81% 78% 76% 80% 5,000 70% 4,000 60% 50% 3,000 40% 2,000 30% 20% 1,000 10% 0 0% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 国内 Japan 海外 Overseas 海外比率 Overseas
Slide 10: Chemicals for POP, Via Filling and Etching Quarterly Sales
Chemicals for POP, Via Filling and Etching｜Quarterly Sales POP: Planting on Plastics, mainly for automotive components (Millions of yen) Via Filling: Additive for copper planting for PWBs and semiconductor package substrates, mainly for smartphones and PCs 3,500 Etching: Additives for PWBs and semic
Slide 11: Quarterly Sales of Chemicals by Region
Quarterly Sales of Chemicals by Region (Millions of yen) 3,500 3,000 2,500 2,000 1,500 1,000 500 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/23 2023/3 FY3/24 2024/3 FY3/25 2025/3 日本 Japan 1,117 1,177 1,173 1,043 1,009 1,038 1,028 884 962 974 1,005 中国 China 2,307 2,247 2,612 2,203 1,591 1,931 2,432 2,569
Slide 12: Quarterly Sales of Chemicals by Category
Quarterly Sales of Chemicals by Category (Millions of yen) Consolidated YoY 19% 6,000 QoQ 7% 5,000 4,744 4,429 (Chemicals for Electronic Components) 4,304 4,304 4,195 3,991 3,974 Core Products: Via filling 3,862 3,799 PWBs, connectors, surface treatment 4,000 3,404 chemicals for semiconductor sector
Slide 13: Quarterly Sales of Chemicals by Region: Japan
Quarterly Sales of Chemicals by Region (Millions of yen) Japan 1,000 YoY 8% QoQ 1% 800 733 744 707 638 623 629 617 604 584 591 600 513 400 466 432 426 444 384 405 400 370 369 349 374 200 QoQ 7% YoY (16)% 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/23 2023/3 FY3/24 2024/3 FY3/25 2025/3 ● Chemicals for Ele
Slide 14: Quarterly Sales of Chemicals by Region: Overseas
Quarterly Sales of Chemicals by Region (Millions of yen) Overseas YoY 21% 5,000 QoQ 8% 4,114 4,000 3,682 3,805 3,559 3,597 3,258 3,390 3,245 3,207 3,000 2,766 2,449 2,000 YoY (20)% QoQ (3)% 1,000 1,143 1,350 1,011 1,133 1,010 854 972 837 784 786 813 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2023/3 FY3/23 2
Slide 15: Quarterly Sales of Chemicals by Region: China
Quarterly Sales of Chemicals by Region (Millions of yen) China YoY 34% 3,000 QoQ 11% 2,415 2,400 2,170 1,945 1,749 1,804 1,738 1,800 1,649 1,535 1,509 1,426 1,154 1,200 YoY (27)% QoQ (2)% 600 855 772 695 597 651 585 442 492 445 487 477 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2023/3 FY3/23 2024/3 FY3/24 2
Slide 16: Quarterly Sales of Chemicals by Region: Taiwan
Quarterly Sales of Chemicals by Region (Millions of yen) Taiwan YoY 11% 1,400 1,152 QoQ 13% 1,200 1,101 1,049 1,050 989 1,000 939 848 835 807 800 689 689 600 YoY 66% 400 QoQ 67% 200 4 3 5 4 3 2 3 5 1 3 5 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY3/23 2023/3 FY3/24 FY3/24 2024/3 FY3/25 2025/3 ● Chemicals
Slide 17: Quarterly Sales of Chemicals by Region: South Korea
Quarterly Sales of Chemicals by Region (Millions of yen) South Korea YoY 2% 700 QoQ (2)% 600 550 553 504 492 478 485 481 500 459 431 413 388 400 YoY (16)% 300 QoQ (14)% 200 129 123 113 111 91 109 97 100 101 103 95 100 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 ● Che
Slide 18: 3Q Progress Rate against FY3/25 Forecasts
3Q Progress Rate against FY3/25 Forecasts (Millions of yen) FY3/25 Progress rate 3Q FY3/25 full-year forecast against full-year (Revised in February 2025) forecast Net sales 20,732 28,000 74.0% Operating profit 7,636 10,000 76.4% Ordinary profit 7,954 10,500 75.8% Profit attributable to owners of pa
Slide 19: Annual Sales by Business (incl. Forecast)
Annual Sales by Business (incl. Forecast) 30,000 60 28,000 27,137 0 0 24,866 2,608 24,860 4,100 25,000 35 24,256 0 50 23,120 0 Net Sales (Millions of yen) 22,319 1,307 1,718 3,178 1,700 Operating Margin (%) 4,796 27 21,192 1,435 3,194 9 2,936 1,783 20,000 2,035 40 1,345 1,429 1,324 1,092 15,000 37.1
Slide 20: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses R&D Expenses and Capital Expenditures Depreciation (Millions of yen) R&D/Sales ratio 7,000 1,200 1,600 10.0% 研究開発費 R&D Expenses 5,925 1,001 1,350 6,000 1,400 研究開発費比率 R&D/Sales ratio 1,000 8.0% 1,200 5,000 1,061 1,058 800 727 960 962 1,000 676 6.0%
Slide 21: FY3/25 Equity Policy
FY3/25 Equity Policy Dividends per share Interim dividend: 37 yen Plans to increase dividends for (Forecasts) Year-end dividend: 37 yen 15 consecutive fiscal years 期末 Year-end 中間 Interim 総還元性向 Total distribution ratio 75.9% 49.2% 50.3% 46.9% 44.1% 44.9% 29.7% 24.8% 24.1% 70 74 66 57 +¥2 45 48.5 50 4
Slide 22: Efforts in Addressing ESG Challenges
Efforts in Addressing ESG Challenges JCU aims to become a global company that continues to grow in a sustainable fashion by addressing ESG challenges through its business activities. Environment Social Development of environmentally responsible Ratio of female managers (non-consolidated) products 11
Slide 23: Reference
Reference ●Company Profile ●Surface Treatment Technology in Future ●Major Distribution Channels ●Usages of Chemicals and Typical Final Products Financial Results Briefing Material for 3Q FY3/25 23
Slide 24: Company Profile
Company Profile Founded in : December 1957 Established on : April 1, 1968 Capital stock : 1,281 million yen Non-consolidated: 13.8 billion yen / Consolidated: 24.8 billion yen Annual sales : (For the fiscal year ended March 31, 2024) Head office : TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome, Taito-ku
Slide 25: Surface Treatment Technology in Future: Electronic Components
Surface Treatment Technology in Future —Electronic Components— Target Next-generation PKG substrate for AI accelerators, data centers, high-performance electronic devices Hybrid bonding 〇Expected primary application 2.xD/3D package Si substrate Memory 〇Performance required by surface treatment techn
Slide 26: Surface Treatment Technology in Future: Decoration & Function
Surface Treatment Technology in Future —Decoration & Function— Target Automotive components (front grilles, door handles, emblems, etc.) Faucet parts (showerheads, drain plugs, etc.) Plating technology with no hexavalent chromium (Cr6+) and no PFAS Conventional Newly Cr6+ free Before processing PFAS
Slide 27: Major Distribution Channels
Major Distribution Channels Customers (sold-to) Materials (chemicals) Manufacturing/processing/assembly Products (e.g. Automobiles) JCU Our overseas ・Automobile parts Decoration/ Function CORPORATION subsidiaries manufacturers －Tier 1, Tier 2, etc. ・Automobile manufacturers ・Specialist plating compa
Slide 28: Usages of Chemicals and Typical Final Products
Usages of Chemicals and Typical Final Products Description of term Final products Surface treatment chemicals for decorative and function purposes such as those for providing a Chemicals for function/decoration Automotive parts, faucet parts, construction materials, etc. metal appearance and prevent
Slide 29: This material contains current plans and forecasts of future performance of JCU CORPORATION. These
This material contains current plans and forecasts of future performance of JCU CORPORATION. These plans and forecast figures are prepared by the Company based on currently available information. This material does not give any assurance or guarantee of the Company’s future financial performance and