Mec Company Ltd. · TSE:4971
Mec — Q2 FYE 12/2019 Earnings Presentation
18 slides from Mec's earnings presentation, Aug 9, 2019
Slide 1: Financial Results Briefing for Q2 FYE 12/2019
Financial Results Briefing for Q2 FYE 12/2019 August 9, 2019: HQ August 14, 2019: Tokyo MEC COMPANY LTD. Securities code: 4971 https://www.mec-co.com/en/
Slide 2: Q2 FYE 12/2019 Key factors
Q2 FYE 12/2019 Key factors Assumed/actual exchange rate １ JPY to USD Assumed rate: 109.00 yen / Actual rate: 110.03 yen (previous year was 109.10 yen) JPY to NTD Assumed rate: 3.66 yen / Actual rate: 3.55 yen (previous year was 3.67 yen) JPY to RMB Assumed rate: 16.85 yen / Actual rate: 16.22 yen (p
Slide 3: Q2 FYE 12/2019 Results - 1
Q2 FYE 12/2019 Results - 1 Q2 Q2 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 5,499 - 4,976 - -523 -9.5 -5,724 46.5 Operating income 1,039 1
Slide 4: Q2 FYE 12/2019 Results - 2
Q2 FYE 12/2019 Results - 2 Q2 Q2 FYE12/2018 FYE12/2019 vs. same period YOY Amount Amount Amount change* (million yen) (million yen) (million yen) (%) Chemical sales 5,386 4,889 -496 -9.2% Ratio of net sales（％） 97.9% 98.3% - 0.4pt CZ series sales 2,805 2,564 -240 -8.6% Ratio of net sales（％） 52.1% 52.
Slide 5: Net sales YOY
Net sales YOY 6,000 (million yen) 5,500 -291 -147 -57 21 -37 5,000 DOWN -10 DOWN DOWN UP DOWN DOWN 4,500 Adhesion improves Etching solution Other solution Machine sales Material sales Other sales 4,000 3,500 5,499 3,000 4,976 2,500 2,000 1,500 1,000 500 0 Q2 Q2 FYE12/2018 FYE12/2019 Financial Result
Slide 6: Operating income YOY
5 FYE12/2019 (million yen) Q2 610 Selling, general and administrative expenses UP 32 (Personnel expenses -6, Shipping fare 11) DOWN Material and -2 Other sales Gross profit Financial Results Briefing for Q2 FYE 12/2019 Material and DOWN -15 Other sales Machine sales Operating income YOY UP 1 Gross p
Slide 7: Quarterly net sales
Quarterly net sales 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 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 Non-consolidated 1,675 1,791 2,002 2,131 1,767
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 2017 Converted 2018 2019 Consolidated 307 605 762 663 520 518 708 475 205 404 Non-consolidated 197 413 600 544 288 459 558 184 132 121 Financial Resul
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 2017 Converted 2018 2019 Consolidated 292 618 788 698 511 531 721 473 240 398 Non-consolidated 847 425 617 569 337 615 575 170 349 108 Financial Result
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 2017 Converted 2018 2019 Consolidated 180 485 566 571 365 523 540 348 158 298 Non-consolidated 760 364 461 488 255 536 448 136 275 91 Financial Results Brie
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 2017 Converted 2018 2019 Other 8 1 5 2 16 1 4 1 6 1 materials for PCBs 36 26 28 23 21 46 19 3 15 15 Equipments f
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 2017 Converted 2018 2019 Other surface
Slide 13: Chemical shipment volume (consolidated)
Chemical shipment volume (consolidated) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun Jul-Sep Oct-Dec Jan-Mar Apr-Jun (t) 2017 Converted 2018 2019 Other surface processing solution 352 366 423 451 360 377 424 399 338 310 Etching soluti
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 2017 Converted 2018 2019 ＣＺ－8100 249 269 260 270 270 279 272 253 232 260 ＣＺ－8101 628 634 704 709 723 733 725 713 540 789 Financial Results Briefin
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 2017 Converted 2018 2019 Japan 1,104 1,225 1,383 1,479 1,239 1,332 1,384 1,410 1,077 1,23
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 Q2 FYE 12/2019 17