Taiyo Holdings Co., Ltd. · TSE:4626

Taiyo — Q3 FY11/12 Earnings Presentation

20 slides from Taiyo's earnings presentation, Feb 7, 2012

  1. Slide 1: Consolidated Financial Result Digest FY11/12 Third Quarter

    ZXCV Consolidated Financial Result Digest FY11/12 Third Quarter (April 1- December 31, 2011) ZXCV February 7,2012 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 comp

  2. Slide 2: Classification

    Classification ZXCV PWB Materials FPD Materials SR（Solder Resist） For PKG PWBs For PDPs For Rigid PWBs For Flexible PWBs Silver Paste, etc. White SR For Touch Panels For B/U PWBs New Products Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 1

  3. Slide 3: Terminology

    Terminology ZXCV Term Definition “PWB Materials” Chemical Products for Printed Wiring Boards (Printed Wiring Board) “FPD Materials“ Chemical Products for Flat Panel Display Panels (Flat Panel Display) “PDP Materials” (Plasma Display Panel) Chemical Products for Plasma Display Panels "SR" Solder Resi

  4. Slide 4: INDEX

    INDEX ZXCV 1. Summary of FY 11/12 Third Quarter Consolidated Financial results (April 1- December 31, 2011) 2. Forecasts for FY11/12 (Consolidated) Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 3

  5. Slide 5: 1. Summary of FY 11/12 Third Quarter Consolidated Financial Results

    ZXCV 1. Summary of FY 11/12 Third Quarter Consolidated Financial Results (April 1- December 31, 2011) Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 4

  6. Slide 6: FY 11/12 Third Quarter Results (9 months)

    FY 11/12 Third Quarter Results (9 months) ZXCV （JPY millions） FY10/11 FY11/12 Change in Change 9 months 9 months % Sales 30,174 30,830 +656 +2.2% Operating Income 4,794 3,374 (1,420) (29.6%) Ordinary Income 4,664 3,344 (1,320) (28.3%) Net Income 3,055 1,911 (1,144) (37.4%) <Ave. Exchange Rate> JPY/U

  7. Slide 7: Factors for sales increase (vs. FY10/11 3Q)

    FY11/12 3Q Factors for sales increase (vs. FY10/11 3Q) ZXCV （ JPY billions ） Sales FY10/11 3Q Actuals 30.1 Increase in selling prices of FPD 3.4 Materials Change in product mix of PWB 2.1 Materials,etc. Change in sales volume 2.3 Fluctuation in exchange rate 2.5 FY11/12 3Q Actuals 30.8 Copyright © 2

  8. Slide 8: Factors for profit decline (vs. FY10/11 3Q)

    FY11/12 3Q Factors for profit decline (vs. FY10/11 3Q) ZXCV （ JPY billions ） Operating Income FY10/11 3Q Actuals 4.7 Changes in product mix, etc. 0.7 Changes in sales volume 1.1 Fluctuation in exchange rate 1.0 FY11/12 3Q Actuals 3.3 Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 7

  9. Slide 9: Halt the construction of Taiyo Zhongshan

    Halt the construction of Taiyo Zhongshan ZXCV Growth in the electronics components industry decelerated due to the sharp slowdown of the global economy. The Gap between future forecast at the moment and when planning became huge due to the inflation in China and contraction of domestic demand. Po

  10. Slide 10: FY11/12 3Q Summary of Balance Sheet

    FY11/12 3Q Summary of Balance Sheet ZXCV Assets Liabilities and Equity （ JPY billions ） （ JPY billions ） 45 45 40 40 13.9 8.6 35 35 6.9 11.6 30 30 4.1 25 4.5 25 20 9.6 20 8.7 15 34.1 31.8 15 10 10 15.1 13.9 5 5 0 0 3/31/11 12/31/11 3/31/11 12/31/11 Fixed Assets Other Current Assets Equity Liabilitie

  11. Slide 11: Sales of PWB Materials

    Sales of PWB Materials ZXCV Sales （ JPY billions ） 25 Production and sales volume 22.9 decreased due to the global 1.0 20.4 demand decreased and the floods 20 4.3 0.8 in Thailand. 4.1 15 Demand of smartphones and tablet PCs remained strong, on 10 the other hand, general PC and 17.6 15.5 TV market

  12. Slide 12: Sales of FPD Materials

    Sales of FPD Materials ZXCV Sales （ JPY billions ） Selling price and sales amount increased due to the soaring price of silver. Sales volume increased slightly year- on-year. Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 11

  13. Slide 13: Result by segment for FY11/12 3Q

    Result by segment for FY11/12 3Q ZXCV Sales （ JPY billions ） 15.3 16 13.2 12 9.2 8.2 9.6 8.9 FY10/11 3Q 8 (9months) 3.4 2.8 4 2.3 1.9 FY11/12 3Q (9months) 0 Japan China Taiwan Korea Others Operating Income 2.4 2.2 2.0 1.6 1.4 1.2 1.0 0.8 0.8 0.8 0.5 0.5 0.4 0.3 0.2 0.1 0.0 Japan China Taiwan Korea O

  14. Slide 14: 2. Forecasts for FY11/12 (Consolidated)

    ZXCV 2. Forecasts for FY11/12(Consolidated) Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 13

  15. Slide 15: Forecasts for FY11/12 (Consolidated)

    Forecasts for FY11/12 (Consolidated) ZXCV (JPY millions) FY10/11 Forecast for FY11/12 Original Revised Change in Result Forecast(11/8) Change Forecast % Sales 40,366 42,500 40,300 (2,200) (5.2%) PWB+ 30,911 29,500 28,000 (1,500) (5.1%) FPD 9,455 13,000 12,300 (700) (5.4%) Operating Income 5,380 4,80

  16. Slide 16: Revision to FY11/12 forecasts

    Revision to FY11/12 forecasts ZXCV  Factors of revision to FY11/12 forecasts Net sales of FPD materials is expected to reach at a record high. Decline of sales volume due to the uncertain outlook for the global economy. Post the loss due to the halt to the construction of Taiyo Zhongshan（510 mil

  17. Slide 17: Trend of consolidated sales from PWB+ and FPD

    Trend of consolidated sales from PWB+ and FPD ZXCV Sales PWB+ expected to slow. （ JPY billions ） FPD expected to increase due PWB Materials + FPD Materials to price increase of silver. 50 45 40 10.2 35 9.5 9.4 12.3 30 6.5 6.0 5.6 25 1.5 3.1 0.4 20 30.9 33.6 15 27.7 27.9 29.9 28.0 21.9 22.9 23.5 25.9

  18. Slide 18: Trend of consolidated performance

    Trend of consolidated performance ZXCV （ JPY billions ） 50 45.3 45 41.9 40.3 40.3 40 35.3 35.0 35 32.6 30 27.7 25.7 25 23.1 20 15 10 7.9 8.8 6.6 5.5 6.1 4.8 4.7 4.2 4.8 5.3 4.3 4 2.9 3.3 3 3.4 5 2.1 2.7 1.9 2.5 0 FY02/03 FY03/04 FY04/05 FY05/06 FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 Sales O

  19. Slide 19: Trend of quarterly performance

    Trend of quarterly performance ZXCV Operating income ratio is declining （ JPY billions ） because of the stronger yen. 14.0 30.0% 12.0 25.0% 10.7 10.5 10.5 10.6 10.1 10.2 10.2 9.4 9.7 10.0 9.1 9.0 9.2 17.7% 20.0% 16.6% 16.3% 7.7 15.5% 8.0 13.8% 13.8% 13.5% 13.3% 6.3 12.4% 15.0% 15.7% 11.8% 6.0 5.6 10

  20. Slide 20: ZXCV

    ZXCV Copyright © 2012 TAIYO HOLDINGS CO.,LTD. All Rights Reserved. 19

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