Consolidated Results for the Fiscal Year Ending March 31, 2018

Transcription

1 Consolidated Results for the Fiscal Year Ending March 31, 2018 April 24, Hitachi Chemical Co., Ltd All Rights Reserved.

2 Contents 1.FY2017 Consolidated Results 2.FY2018 Consolidated Forecasts Hitachi Chemical Co., Ltd All rights reserved.

3 Results ROIC ROE Item Operating Income Operating Income ratio 9.6% 12.3% 11.0% FT Adjusted Operating Income ratio 9.8% 8.5% Adjusted Operating Income % Income before Income Taxes Net Income Attributable to owners of the parent 7.7% 9.4% VS. (Billion yen) 121% 100% % -1.6% (Note) "Adjusted Operating Income" is presented as revenues less cost of sales as selling, general and administrative expenses. 2.7 "ROIC" is the ratio of operating Income after tax for the fixed assets and working capital. Based on a comparison of publication in January Calculated by converting operating income after tax to annual basis for newly consolidated co. 2

4 Explanation of Deviation Billion yen 6.8 Foreign Exchanges Billion yen Business scale expansion,etc Functional Advanced Components and Systems Foreign Exchanges 3.0 Foreign Exchanges Business scale expansion,etc Billion yen Business scale expansion,etc Billion yen

5 by Functional (1) Functional Electronics Billion yen 109 % % Epoxy Molding Compounds 106% Die Bonding 87% CMP Slurry 122% Inorganic % Carbon Anode for LiB 135% Polymer Science % Anisotropic Conductive Films 105% Printed Wiring Board vs % Copper-Clad Laminates 117% Photosensitive Dry Films 118% 4

6 by Functional (2) vs./4q benchmark Polymer Science Printed Wiring Board Inorganic Electronics 70 16/1Q 16/2Q 16/3Q 16/4Q 17/1Q 17/2Q 17/3Q 17/4Q Total 94% 101% 107% 100% 105% 115% 115% 102% 5

7 by Advanced Components and Systems (1) vs. Advanced Components and Systems billion yen 132 % Automotive Products % Plastic Molded Products 120% Friction 119% Powder Metal Products 107% % Automobile Batteries 184% Energy Storage Devices and Systems Industrial Batteries 136% Electronic Components % 6

8 by Advanced Components and Systems (2) vs./4q benchmark Automotive Products Energy Storage Devices and Systems Electronic Components 50 16/1Q 16/2Q 16/3Q 16/4Q 17/1Q 17/2Q 17/3Q 17/4Q Total 71% 75% 83% 100% 95% 105% 117% 120% 7

9 Explanation of Operating Income Deviation (1) 53.2 Billion yen Operating Income Fixed Costs Product mix & etc. Sales Prices 1.3 Foreign Exchanges 14.1 Cost Reductions Sales Volumes Other Income/expenses Operating Income 7.0 billion yen 8

10 Explanation of Operating Income Deviation (2) (Billion yen) Fixed Costs Product mix & etc. Sales Prices Foreign Exchanges Cost Reductions Sales Volumes Other Income/ expenses Functional Advanced Components and Systems 計

11 Consolidated Financial Position and Cash Flows C / F Total assets Trade receivables and Inventories Property, plant, equipment and intangible assets Item Mar-17 Mar Total liabilities Trade payables Interest-bearing debt Owner of the parent Non-contolling interests Ratio of equity attributable to owners of the parent to total assets (Billion yen) Increase/ Decrease 61.6% 57.1% -4.5% D/E ratio(times) Cash flows from Operating activities Cash flows from Investting activities Free Cash flows

12 Forecasts Item (Billion Yen) VS % Adjusted Operating Income ratio 8.5% 9.2% Adjusted Operating Income Operating Income ratio 6.9% 8.3% Operating Income 46.2 Income before Income Taxes Net Income Attributable to owners of the parent ROIC ROE 7.7 % 9.4 %

13 Explanation of Deviation (Forecasts) Billion yen Foreign Exchanges Billion yen Business scale expansion,etc Billion yen Billion yen 12 Functional Advanced Components and Systems Foreign Exchanges Foreign Exchanges Business scale expansion,etc Business scale expansion,etc

14 Explanation of Operating Income Deviation (Forecasts) Billion yen Operating Income Fixed Costs Foreign Exchanges Cost Reductions 列 billion yen 24.5 Sales Volumes etc Other Income/expenses Operating Income 13

15 Forecasts by Segment Item vs. Functional % Electronics % Inorganic % Polymer Science % Printed Wiring Board % Advanced Components and Systems % Automotive Products % Energy Storage Devices and Systems % Electronic Components % Operating Income 15.8% 16.2% Adjustment Total % vs % 3.2% % (Billion yen) 8.3% 14

16 Purchase price Trend (Main ) Item 17/1Q 17/2Q 17/3Q 17/4Q 18/1Q forecasts Crude Oil (Dubai) Lead Epoxy Resin PET film Methyl Metha Acrylate Glass fabric Copper foil

17 Appendix1 (Billion yen) Item Domestic Overseas Composition ratio Composition ratio vs. Composition ratio vs % % 107% % 95% % % 131% % 113% Asia % % 115% Other regions Total % % 189% % % 121% % 106% 16

18 Appendix2 Capital Investment Item Segment vs vs Functional % - - Capital Investment Advanced Components and Systems % - - Total % % Depreciation and amortization % % Sales Depreciation ratio 5.0% 4.9% 98% 5.7% 117% Research and Development Expenses Item vs Research and Development Expenses Sales research expense ratio Research and Development Expenses Item % 5.1% 4.6% 90% (Billion yen) Foreign Exchanges Sensitivities(Billion yen) Operating Income USD

19 (Notes) These materials contain projections based on information available at the time of formulation. Various factors may cause actual results in the future to differ. These materials may not be freely copied or redistributed without prior permission. 18 Hitachi Chemical Co., Ltd All Rights Reserved.