Slide 1: Financial Results Briefing Material for 1H FY3/24
Financial Results Briefing Material for the First Half of the Fiscal Year Ending March 2024 JCU CORPORATION TSE Prime (Stock Code: 4975) November 7, 2023 Financial Results Briefing Material for 1H FY3/24 1
Slide 2: Summary of Consolidated Financial Results for 1H FY3/24
Summary of Consolidated Financial Results for 1H FY3/24 Accounting Period of 1H FY3/24 JCU (non-consolidated): April 1 to September 30, 2023 Overseas subsidiaries: January 1 to June 30, 2023 ◼ China: Despite a recovery trend in some PWB manufacturers, demand for high-performance electronic devices i
Slide 3: Summary of Financial Results for 1H FY3/24
Summary of Financial Results for 1H FY3/24 (Millions of yen) 1H FY3/22 1H FY3/23 1H FY3/24 YoY Results Results Forecasts Results % Change Net sales 11,654 13,117 10,700 10,864 (17.2)% Operating profit 4,350 4,680 2,590 3,095 (33.9)% Ordinary profit 4,430 4,720 2,590 3,202 (32.2)% Profit attributable
Slide 4: Foreign Exchange Rates
Foreign Exchange Rates Foreign exchange sensitivity (as at the consolidated year): Changes of about 105 million yen in consolidated operating profit with 1% change in major currency rates listed below (Yen) FY3/23 FY3/24 1Q 1Q 2Q 3Q 4Q 2Q (Initial forecast) Chinese yuan (CNY) 18.29 18.93 19.35 19.48
Slide 5: Changes in Consolidated Operating Profit for 1H FY3/24
Changes in Consolidated Operating Profit for 1H FY3/24 (Millions of yen) 6,000 ■ Positive factors ■ Negative factors 5,000 (1,787) (YoY change) (1,585) 4,000 184 (10 ) (61 ) 26 63 3,000 from the Machine Business Decrease in gross profit from purchased products Decrease in gross profit SG&A currencie
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results (Millions of yen) 8,000 3,000 2,640 2,660 2,410 7,000 2,276 2,364 2,500 1,965 2,020 1,940 6,000 2,000 1,716 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 2022/3 FY3/22 2023/3 FY3/23 2024/3 FY3/24 総売上高
Slide 7: Quarterly Consolidated Financial Results (By Segment)
Quarterly Consolidated Financial Results (By Segment) 8,000 7,584 70.0 6,957 6,414 6,434 60.0 6,137 6,187 6,160 6,000 5,517 5,639 5,225 50.0 Net Sales (Millions of yen) Operating Margin (%) 40.0 4,000 39.3 38.2 35.2 36.8 36.7 34.8 30.0 32.8 30.5 30.4 26.4 20.0 2,000 10.0 0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4
Slide 8: Consolidated Segment Results for 1H FY3/24
Consolidated Segment Results for 1H FY3/24 (Millions of yen) 13,500 13,500 12,122 11,500 11,500 前期2Q累計 1H FY3/23 9,806 (Breakdown) (Breakdown) 9,500 2024年3月期2Q累計 1H FY3/24 9,500 Plating machines 890 Plating machines 712 Plasma system 35 Plasma system 279 Solar power related 70 Solar power related 66
Slide 9: Quarterly Sales of Chemicals in Japan and Overseas
Quarterly Sales of Chemicals in Japan and Overseas (Millions of yen) 6,000 90% 79% 81% 80% 80% 81% 81% 78% 79% 76% 78% 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 FY3/22 2022/3 FY3/23 2023/3 FY3/24 2024/3 国内 Japan 海外 Overseas 海外比率 Overseas Sales R
Slide 10: Chemicals, POP, Via Filling and Etching Quarterly Sales
Chemicals, POP, Via Filling and Etching｜Quarterly Sales POP: Planting on Plastics, mainly for automotive components Via Filling: Additive for copper planting for printed-wiring boards and semiconductor package substrates, mainly for smartphones and PCs (Millions of yen) 3,000 Etching: Additives for
Slide 11: Quarterly Sales of Chemicals by Region
Quarterly Sales of Chemicals by Region (Millions of yen) 3,000 2,500 2,000 1,500 1,000 500 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q FY3/22 2022/3 2023/3 FY3/23 2024/3 FY3/24 日本 Japan 1,092 1,152 1,150 1,166 1,117 1,177 1,173 1,043 1,009 1,038 中国 China 2,133 2,353 2,359 2,391 2,307 2,247 2,612 2,203 1,591 1,9
Slide 12: Quarterly Sales of Chemicals by Category
Quarterly Sales of Chemicals by Category (Millions of yen) Consolidated YoY (21)% 5,000 4,219 4,304 4,304 QoQ 12% 4,129 3,991 3,829 3,862 4,000 3,513 3,404 (Chemicals for Electronic Components) Core Products: Via filling 3,053 PWBs, connectors, surface treatment 3,000 (plating) chemicals for semicon
Slide 13: Quarterly Sales of Chemicals by Region: Japan
Quarterly Sales of Chemicals by Region (Millions of yen) Japan 1,000 YoY (14)% QoQ 6% 800 743 752 744 733 707 674 654 617 638 604 600 400 466 418 409 412 432 426 405 399 384 400 200 QoQ (1)% YoY (7)% 0 2Q 1Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2022/3 FY3/22 2023/3 FY3/23 2024/3 FY3/24 Chemicals for ● 電子薬品 Elect
Slide 14: Quarterly Sales of Chemicals by Region: Overseas
Quarterly Sales of Chemicals by Region (Millions of yen) Overseas 4,500 YoY (22)% 4,000 3,597 QoQ 13% 3,467 3,474 3,559 3,500 3,258 3,245 3,086 2,839 2,766 3,000 2,449 2,500 YoY (16)% 2,000 1,500 QoQ 9% 1,000 1,350 1,041 1,182 1,143 1,133 1,058 1,011 500 903 784 854 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2
Slide 15: Quarterly Sales of Chemicals by Region: China
Quarterly Sales of Chemicals by Region (Millions of yen) China YoY (14)% 2,000 1,742 1,749 QoQ 24% 1,662 1,649 1,492 1,535 1,509 1,500 1,404 1,426 1,154 1,000 YoY (18)% QoQ 11% 861 855 729 729 772 500 695 617 597 442 492 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2022/3 FY3/22 2023/3 FY3/23 2024/3 FY3/24 Chemi
Slide 16: Quarterly Sales of Chemicals by Region: Taiwan
Quarterly Sales of Chemicals by Region (Millions of yen) Taiwan YoY (40)% 1,400 QoQ 0% 1,152 1,200 1,101 1,055 1,049 1,050 1,013 1,000 860 800 728 689 689 600 YoY (27)% 400 QoQ (10)% 200 4 4 5 4 4 3 5 4 3 2 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2022/3 FY3/22 Chemicals for 2023/3 FY3/23 2024/3 FY3/24 ● 電子薬
Slide 17: Quarterly Sales of Chemicals by Region: South Korea
Quarterly Sales of Chemicals by Region (Millions of yen) South Korea 800 YoY (22)% QoQ 11% 600 546 564 550 553 516 523 478 459 431 388 400 YoY 35% QoQ 23% 200 129 113 127 107 109 123 85 91 97 100 0 2Q 3Q 4Q 1Q 1Q 2Q 3Q 4Q 1Q 2Q 2022/3 FY3/22 2023/3 FY3/23 2024/3 FY3/24 Chemicals for ● 電子薬品 Electroni
Slide 18: Forecasts for FY3/24
Forecasts for FY3/24 (Millions of yen) FY3/24 Progress rate FY3/23 FY3/24 Full year against full- Full year Results 1H Results Forecasts year forecast Net sales 27,137 10,864 25,000 43.5% Operating profit 9,285 3,095 7,000 44.2% Ordinary profit 9,369 3,202 7,000 45.7% Profit attributable to owners o
Slide 19: Annual Sales by Business (incl. Forecast)
Annual Sales by Business (incl. Forecast) (Millions of yen) 28,000 27,137 60 0 24,866 2,608 25,000 35 24,256 1 23,120 0 1,307 1,718 2,499 50 22,319 4,796 27 21,192 1,435 3,194 1,680 21,000 2,936 9 2,035 1,345 1,429 1,324 1,092 37.1 40 34.2 32.1 30.1 28.4 28.2 28.0 14,000 30 22,809 21,512 20,820 9,19
Slide 20: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses Capital expenditures Depreciation R&D expenses and (Millions of yen) ratio of R&D expenses to net sales 2,000 1,000 1,825 1,600 10.0% 1,800 900 研究開発費 R&D Expenses 1,400 786 Ratio of R&D expenses 1,259 1,600 800 研究開発費比率 to net sales 8.0% 676 1,200 1
Slide 21: FY3/24 Dividend Forecast
FY3/24 Dividend Forecast Dividends per share Interim dividend: 35 yen Plans to increase dividends for (Forecasts) Year-end dividend: 35 yen 14 consecutive fiscal years 80 中間 Interim 期末 Year-end 70 70 66 60 57 +¥2 48.5 50 50 45 42.5 40 32.5 30 30 22.5 +¥2 20 13.75 10 10 6.75 7.125 7.5 0 We will conti
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. Environmental Development of environmentally responsible products ‒ Stamp type plating process equipment and chemical
Slide 23: Reference
Reference ⚫ Company Profile & Opening of New Office ⚫ Surface Treatment Technology in Future ⚫ Major Distribution Channels ⚫ Major Products ⚫ Usages of Chemicals and Typical Final Products Financial Results Briefing Material for 1H FY3/24 23
Slide 24: Company Profile
Company Profile Founded in : December 1957 Established on : April 1, 1968 Capital stock : 1,266 million yen Non-consolidated: 12.6 billion yen / Consolidated: 27.1 billion yen Annual sales : (For the fiscal year ended March 31, 2023) Head office : TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome, Taito-ku
Slide 25: Opening of New Office (Malaysia)
Opening of New Office (Malaysia) In Malaysia, large investments in semiconductor-related companies continue, we have begun sales of semiconductor-related surface treatment chemicals and equipment. This is the fourth country in Southeast Asia where we have a base of operations, following Thailand, Vi
Slide 26: Surface Treatment Technology in Future: Electronic Components
Surface Treatment Technology in Future —Electronic Components— Target Next-generation IC-PKG boards for high-performance electronic devices, communications technology infrastructure, car electronics, etc. (1) Improve within wafer non-uniformity (2) Improve via filling for thin-film layer Schematic d
Slide 27: Surface Treatment Technology in Future: Decoration & Function
Surface Treatment Technology in Future —Decoration & Function— Target Automotive components (front grilles, door handles, emblems, etc.) technology Faucet parts (showerheads, drain plugs, etc.) (1) Restricted substance-free alternatives (2) Eco-friendly decorative copper plating process Surface trea
Slide 28: Major Distribution Channels
28 High-performance electronic Automobile manufacturers device manufacturers Manufacturers of Customers (sold-to) Substrate manufacturers automobile parts (Tier 1 , (in Japan, China, Taiwan, Tier 2) South Korea, etc.) Financial Results Briefing Material for 1H FY3/24 Specialist plating companies Our
Slide 29: Major Products
Major Products Chemicals Business For decoration and Automotive parts (front grilles, door handles, emblems, etc.) function Faucet parts (water supply equipment, showerheads, drain plugs, etc.) (Key chemicals) Construction materials (bolts, nuts, etc.) For electronic PWBs (reversible and multilayer,
Slide 30: Usages of Chemicals and Typical Final Products
Usages of Chemicals and Typical Final Products Description of term Final products Surface treatment (plating) chemicals for decorative and rust-proofing purposes Automotive parts, faucet parts Chemicals for Function/decoration such as those for providing a metal appearance and preventing rust. and c
Slide 31: Disclaimer and Contact
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