Taiyo Holdings Co., Ltd. · TSE:4626

Taiyo — H1 FY13/14 Earnings Presentation

16 slides from Taiyo's earnings presentation, Nov 7, 2013

  1. Slide 1: Consolidated Financial Result Digest FY13/14 First half

    ZXCV Consolidated Financial Result Digest FY13/14 First half ZXCV November 7, 2013 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 company's own analysis at the time

  2. Slide 2: Classification

    Classification ZXCV PWB Materials FPD Materials SR（Solder Resist） For PKG For PDP PWB For Rigid PWB For Flexible PWB Silver Paste,etc White SR For Touch Panel For B/U PWB New Products Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 1

  3. Slide 3: Terminology

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

  4. Slide 4: INDEX

    INDEX ZXCV 1. Summary of FY 13/14 First half (April 1- September 30, 2013) 2. Other topic Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 3

  5. Slide 5: 1. Summary of FY 13/14 First half

    ZXCV 1. Summary of FY 13/14 First half Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 4

  6. Slide 6: FY 13/14 1H (Actuals)

    FY 13/14 1H (Actuals) ZXCV (JPY millions ) FY 12/13 FY 13/14 Change in 5/13/2013 Items Diff. 1H 1H % Forecast Sales 18,594 21,354 2,760 14.8% 22,000 Ope. Income 2,353 3,783 1,430 60.7% 3,500 Ordinary 2,463 3,863 1,400 56.8% 3,500 Income Net Income 1,746 2,469 723 41.4% 2,350 <Ave. Exchange Rate> JPY

  7. Slide 7: Factors of sales increase

    Factors of sales increase ZXCV Sales （JPY billions） +0.2 +2.6 Sales Volume Increase FX rate appreciation and changes in product mix&others 21.4 18.6 FY12/13 1H FY13/14 1H Actuals Actuals Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 6

  8. Slide 8: Factors of profit increase

    Factors of profit increase ZXCV Operating Income （JPY billions） +0.1 Sales Volume Increase +1.3 FX rate appreciation and changes in product mix&others 3.8 2.4 FY12/13 1H FY13/14 1H Actuals Actuals Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 7

  9. Slide 9: FY13/14 1H Summary of Balance Sheet

    FY13/14 1H Summary of Balance Sheet ZXCV Assets Liabilities and Equity （ JPY billions ） （ JPY billions ） 60 55.8 55.8 60 50 44.0 50 44.0 19.3 15.1 40 40 7.2 14.7 4.7 30 30 3.7 12.2 20 8.6 20 40.7 36.8 10 17 19.6 10 0 0 3/31/13 9/30/13 3/31/13 9/30/13 Fixed Assets Other Current Assets Equity Liabilit

  10. Slide 10: FY13/14 1H Summary of Cash Flows

    FY13/14 1H Summary of Cash Flows ZXCV Operating CF Investing CF Financing CF （ JPY billions ） （ JPY billions ） （ JPY billions ） FY12/13 FY13/14 FY12/13 FY13/14 FY12/13 FY13/14 4 4 4 2 2 2 4.3 3.0 3.1 0 0 0.3 0 (1.2) (2.9) (2) (2) (2) (4) (4) (4) Increase in CF due to the increase in operating incom

  11. Slide 11: Sales of PWB Materials

    Sales of PWB Materials ZXCV Sales （ JPY billions ） 20 18.4  Increase in sales from newly consolidated 0.5 subsidiary of Onstatic Technology Co., 14.0 Ltd. (OTC) 4.0 15  Increase in sales from the FX rate 0.5 appreciation. 3.2  Sales were brisk mainly in Chinese 10 market.  Increase in demands fo

  12. Slide 12: Sales of FPD Materials

    Sales of FPD Materials ZXCV Sales （ JPY billions ） 4 Sales volume decreased due to shrinkage of the PDP TV market. A unit price also fell because it is linked to the 2 4.2 silver price, the main raw material of the FPD materials. 2.4 0 FY12/13 FY13/14 Copyright © 2013 TAIYO HOLDINGS CO., LTD. All

  13. Slide 13: Result by segment for FY13/14 1H

    Result by segment for FY13/14 1H ZXCV Sales （ JPY billions ） 12 8.4 8 7.3 7.0 6.2 5.6 5.3 FY12/13 3.6 FY13/14 4 2.0 1.4 1.7 0 Japan China Taiwan Korea Others Operating Income 1.6 1.2 1.2 1.0 0.9 0.8 0.8 0.6 0.6 0.4 0.4 0.2 0.2 0.2 0 Japan China Taiwan Korea Others Copyright © 2013 TAIYO HOLDINGS CO.

  14. Slide 14: 2. Other topic

    ZXCV 2. Other topic Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 13

  15. Slide 15: Acquisition of shares from OTC

    Acquisition of shares from OTC ZXCV Profile Name Onstatic Technology Co., Ltd．（OTC） Located 7F., No.1,Ren' ai Rd., Yingge Dist., New Taipei City 239,Taiwan R.O.C. Representative Chairman Seiki Kashima (Taiyo Holdings’ director) Business Manufactures and supplies various ink for precision instrument

  16. Slide 16: ZXCV

    ZXCV Copyright © 2013 TAIYO HOLDINGS CO., LTD. All Rights Reserved. 15

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