JCU Corporation · TSE:4975
JCU — Q1 FY3/25 Earnings Presentation
30 slides from JCU's earnings presentation, Aug 7, 2024
Slide 1: Financial Results Briefing Material for 1Q FY3/25
Financial Results Briefing Material for the First Quarter of the Fiscal Year Ending March 2025 JCU CORPORATION TSE Prime (Stock Code: 4975) August 7, 2024 Financial Results Briefing Material for 1Q FY3/25 1
Slide 2: Summary of Consolidated Financial Results for 1Q FY3/25
Summary of Consolidated Financial Results for 1Q FY3/25 Accounting Period of 1Q FY3/25 JCU (non-consolidated): April 1 to June 30, 2024 Overseas subsidiaries: January 1 to March 31, 2024 ■China: The inventory adjustment of high-performance electronic devices including smartphones ran its course, res
Slide 3: Summary of Financial Results for 1Q FY3/25
Summary of Financial Results for 1Q FY3/25 (Millions of yen) Same period of YoY previous FY 1Q FY3/25 % Change (1Q FY3/24) Net sales 5,225 5,912 13.1% Operating profit 1,379 1,995 44.7% Ordinary profit 1,383 2,237 61.7% Profit attributable to owners of parent 944 1,508 59.7% Net income per share 36.
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 Chinese yuan (CNY) 19.34 19.45 19.61 19.82 20
Slide 5: Changes in Consolidated Operating Profit for 1Q FY3/25
Changes in Consolidated Operating Profit for 1Q FY3/25 (Millions of yen) 3,000 ■ Positive factors ■ Negative factors (YoY change) + 616 2,500 170 20 (22) (217) 356 2,000 conversion from local currencies to JPY) Effects of exchange rates (due to 309 1,500 Higher profit margin of chemicals Higher sale
Slide 6: Quarterly Consolidated Financial Results
Quarterly Consolidated Financial Results (Millions of yen) 8,000 2,657 3,000 2,660 2,640 7,000 2,288 2,500 1,995 2,020 1,965 6,000 1,716 2,000 1,379 Operating Profit Net Sales 5,000 1,500 4,000 1,000 3,000 500 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 総売上高 Total Sa
Slide 7: Quarterly Consolidated Financial Results (By Segment)
Quarterly Consolidated Financial Results (By Segment) 8,000 7,584 7,648 70.0 6,957 6,434 6,348 60.0 6,160 5,912 6,000 5,639 5,225 50.0 Net Sales (Millions of yen) Operating Margin (%) 40.0 4,000 38.2 34.8 36.1 34.7 32.8 33.8 30.0 30.5 30.4 26.4 20.0 2,000 10.0 0 0.0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2023/3
Slide 8: Consolidated Segment Results for 1Q FY3/25
Consolidated Segment Results for 1Q FY3/25 (Millions of yen) 6,000 6,000 5,375 5,000 4,710 5,000 前期1Q累計 1Q FY3/24 2025年3月期1Q累計 1Q FY3/25 4,000 4,000 (Breakdown) (Breakdown) Plating machines 303 Plating machines 372 Plasma system 164 Plasma system 105 3,000 Solar power related 47 Solar3,000 power rel
Slide 9: Quarterly Sales of Chemicals in Japan and Overseas
Quarterly Sales of Chemicals in Japan and Overseas (Millions of yen) 6,000 84% 90% 80% 81% 81% 81% 80% 78% 81% 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 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 国内 Japan 海外 Overseas 海外比率 Overseas Sales Ratio Fi
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 Via Filling: Additive for copper planting for PWBs and semiconductor package substrates, mainly for smartphones and PCs (Millions of yen) Etching: Additives for PWBs and semiconduct
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 2023/3 FY3/23 FY3/24 2024/3 2025/3 FY3/25 日本 Japan 1,117 1,177 1,173 1,043 1,009 1,038 1,028 884 962 中国 China 2,307 2,247 2,612 2,203 1,591 1,931 2,432 2,569 2,181 台湾 Taiwan 1,052
Slide 12: Quarterly Sales of Chemicals by Category
Quarterly Sales of Chemicals by Category (Millions of yen) Consolidated 6,000 YoY 24% QoQ (9)% 5,000 (Chemicals for Electronic Components) 4,304 4,304 4,195 3,991 3,974 Core Products: Via filling 3,862 3,799 4,000 PWBs, connectors, surface treatment 3,404 (plating) chemicals for semiconductor 3,053
Slide 13: Quarterly Sales of Chemicals by Region: Japan
Quarterly Sales of Chemicals by Region (Millions of yen) Japan 1,000 YoY (2)% 800 733 744 QoQ 15% 707 638 617 604 584 591 600 513 400 466 432 426 444 384 405 400 370 369 200 QoQ (0)% YoY (9)% 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2023/3 FY3/23 2024/3 FY3/24 FY3/25 2025/3 ● 電子薬品 Chemicals for Electronic Compo
Slide 14: Quarterly Sales of Chemicals by Region: Overseas
Quarterly Sales of Chemicals by Region (Millions of yen) Overseas YoY 31% 5,000 QoQ (13)% 4,000 3,559 3,597 3,682 3,258 3,390 3,245 3,207 3,000 2,766 2,449 2,000 YoY 0% QoQ (19)% 1,000 1,143 1,350 1,011 1,133 1,010 854 972 784 786 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/23 2023/3 FY3/24 2024/3 FY3/25 2025/
Slide 15: Quarterly Sales of Chemicals by Region: China
Quarterly Sales of Chemicals by Region (Millions of yen) China 2,800 YoY 51% QoQ (11)% 2,100 1,945 1,749 1,804 1,738 1,649 1,535 1,509 1,426 1,400 1,154 YoY 1% QoQ (24)% 700 855 772 695 597 651 585 442 492 445 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 ● 電子薬品for Electroni
Slide 16: Quarterly Sales of Chemicals by Region: Taiwan
Quarterly Sales of Chemicals by Region (Millions of yen) Taiwan YoY 17% 1,400 1,152 QoQ (18)% 1,200 1,101 1,049 1,050 989 1,000 848 807 800 689 689 600 YoY (63)% 400 QoQ (79)% 200 4 3 5 4 3 2 3 5 1 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2023/3 FY3/23 2024/3 FY3/24 2025/3 FY3/25 ● 電子薬品for Electronic Components
Slide 17: Quarterly Sales of Chemicals by Region: South Korea
Quarterly Sales of Chemicals by Region (Millions of yen) South Korea 800 YoY 6% QoQ (14)% 600 550 553 478 485 481 459 431 413 388 400 YoY 3% QoQ 2% 200 129 109 123 113 101 103 91 97 100 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/23 2023/3 FY3/24 2024/3 FY3/25 2025/3 ● 電子薬品for Electronic Components Chemicals ▲
Slide 18: Forecasts for FY3/25
Forecasts for FY3/25 (Millions of yen) Progress rate FY3/25 1Q 1H Full year against full- (Results) (Forecasts) (Forecasts) year forecast Net sales 5,912 12,100 27,000 21.9% Operating profit 1,995 3,870 8,500 23.5% Ordinary profit 2,237 3,870 8,500 26.3% Profit attributable to owners of parent 1,508
Slide 19: Annual Sales by Business (incl. Forecast)
Annual Sales by Business (incl. Forecast) 30,000 60 27,137 27,000 0 0 24,866 2,608 24,860 3,000 25,000 35 24,256 0 50 23,120 0 1,718 22,319 1,307 3,178 2,000 Net Sales (Millions 4,796 27 21,192 1,435 Operating Margin 3,194 売 20,000 2,936 9 2,035 1,783 40 営 上 1,345 1,429 1,324 1,092 34.2 業 高 32.3 31.
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 6,000 1,200 1,600 10.0% 5,296 研究開発費 R&D Expenses 1,001 研究開発費比率 R&D/Sales ratio 1,350 5,000 1,000 1,400 8.0% 1,200 1,061 1,058 4,000 800 727 1,000 960 962 676 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 Total distribution ratio 総還元性向 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 ●Major Products ●Usages of Chemicals and Typical Final Products Financial Results Briefing Material for 1Q FY3/25 23
Slide 24: Company Profile
Company Profile Founded in : December 1957 Established on : April 1, 1968 Capital stock : 1,266 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 boards 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 technolo
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 Surface treatment technology in future Before proce
Slide 27: Major Distribution Channels
Major Distribution Channels Customers (sold-to) Materials (chemicals) Manufacturing/processing/assembly製造・加工・組立 Products (e.g. Automobiles Decoration/Function JCU Our overseas ・Automobile parts CORPORATION subsidiaries manufacturers －Tier 1, Tier 2, etc. ・Automobile manufacturers ・Specialist plating
Slide 28: Major Products
Major Products Chemicals Business Automotive parts (front grilles, door handles, emblems, etc.) For decoration and Faucet parts (water supply equipment, showerheads, drain plugs, etc.) function Construction materials (bolts, nuts, etc.) PWBs (reversible and multilayer, build-up substrates, package s
Slide 29: 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 such as Automotive parts, faucet parts Chemicals for function/decoration those for providing a metal appearance and preventing rust. and c
Slide 30: 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