JCU : Financial Results Briefing Material for the Second Quarter of the Fiscal Year Ending March 2023New! (1.57 MB)

Financial Results Briefing Material

for the First Half of the Fiscal Year

Ending March 2023

JCU CORPORATION

TSE Prime (Stock Code: 4975)

November 7, 2022

Financial Results Briefing Material for 1H FY3/23

1

Summary of Consolidated Financial Results for 1H FY3/23

Business Chemicals

Business Machine

electronic For components

electronic For components

Accounting Period of 1H FY3/23

JCU (non-consolidated): April 1 to September 30, 2022

Overseas subsidiaries: January 1 to June 30, 2022

• China: Demand for PWBs for high-performance electronic devices other than smartphones increased with IoT and teleworking as keywords, despite a decrease in shipments of smartphones. As a result, demand for chemicals remained unchanged.
• Taiwan: Increase in demand for semiconductor package substrates for servers and high-performance electronic devices. Demand for chemicals increased.
• South Korea: As a result of demand for the semiconductor market being slacked, demand for chemicals decreased because some manufactures of semiconductor package substrates began to reduce inventories.
• Japan: Although semiconductor shortages improved temporarily, demand for chemicals decreased due to supply chain stagnation
• Overseas: In China, the automobile production and sales volume decreased because of the lockdown caused by the spread of COVID-19 infections, the shortage of parts supply and supply-chain disruption and demand for chemicals decreased.

■ Due to the resumption of postponed projects caused by the pandemic, and the increasing demand for new investment in plating machines in electronics industry, net sales, orders received, and order backlog increased significantly.

Financial Results Briefing Material for 1H FY3/23

2

Summary of Financial Results for 1H FY3/23

(Millions of yen)

	1H FY3/21	1H FY3/22		1H FY3/23
	Results	Results	Forecasts	Results	YoY
	% Change
Net sales	9,673	11,654	12,200	13,117	12.6%
Operating profit	2,917	4,350	4,100	4,680	7.6%
Ordinary profit	2,953	4,430	4,100	4,720	6.6%
Profit attributable to	2,012	3,078	2,850	3,326	8.1%
owners of parent
Net income per	75.88 yen	117.30 yen	109.90 yen	128.26 yen	-
share
		Financial Results Briefing Material for 1H FY3/23		3

Foreign Exchange Rates

Foreign exchange sensitivity (as at the consolidated year): Changes of about 90 million yen in consolidated

operating profit with 1% change in major currency rates listed below

(Yen)

		FY3/22			FY3/23
	1Q	2Q	3Q	4Q	(Initial	1Q	2Q
	forecast)
Chinese yuan	16.36	16.66	16.78	17.03	17.20	18.29	18.93
(CNY)
Taiwan dollar	3.77	3.84	3.88	3.93	4.00	4.15	4.28
(TWD)
Korean won	0.0951	0.0964	0.0959	0.0960	0.0940	0.0964	0.0996
(KRW)

Note: The average rate for the period is used to translate Chinese yuan, Taiwan dollar and Korean won, our major foreign currencies, to Japanese yen.

Financial Results Briefing Material for 1H FY3/23

4

Changes in Consolidated Operating Profit for 1H FY3/23

(Millions of yen)
		■ Positive factors
		■ Negative factors
		629	32		168
	(208)
(17 )	chemicalsforratesexchange of Effects localfromconversion to (due JPY) to currencies	productspurchased from		profit gross in Increase BusinessMachine the from
chemicalsof sales Lower	chemicalsof margin profit Lower	profit gross in Increase
4,350
1H FY3/22
Operating Profit

(YoY change)

+330

(274)

			in Increase
			SG&A				4,680

1H FY3/23

Operating Profit

Financial Results Briefing Material for 1H FY3/23

5