Presentation for 2Q Results and Full-year Forecasts, FY2019. Nov 15, 2018

Transcription

1 Presentation for Results and Full-year Forecasts, Nov 15, 218

2 Consolidated Financial Results for the Six Months Ended Sep., 218 7, 7, Operating 6, 6,75 62,379 63,439 62,57 61,917 63,171 6, 5,775 5,84 5,94 4,96 5, 4,732 5, 4, ,84 125,88 Operating 1,44 9,826 2,3 1.6% (218) (2.2%) 4, 7, ~ 2, 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q Profit before Taxes 1, 6, Profit attributable to owners of parent Profit before Taxes 9,219 1, % 6, 5, 4,215 5,4 5,566 5,269 4,838 5, 2,715 3,3 4,5 3,881 3,288 Profit attributable to owners of parent 6,15 7,169 1, % 2, 1, 1,881 2, 1, 1,192 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q 1

3 Consolidated Financial Results for the Six Months Ended Sep., 218 LINTEC (non-consolidated) Consolidated Subsidiaries Eliminations 84,436 85,636 62,173 62,42 1,2 1.4% 247.4% (23,525) (22,968) 557 6, 5, 4, 3, 2, 1, 42,94 42,342 (LINTEC) 43,398 42,51 42,462 4, 43,174 3, 2, 1, 3,125 (Consolidated Subsidiaries) 32,48 32,61 3,915 3,656 31,764 Total 123,84 125,88 2,3 1.6% 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q Operating LINTEC (non-consolidated) 6,912 5,23 (1,79) (24.7%) 3,61 3,32 Operating (LINTEC) 3,621 2,726 2,739 2,464 Operating (Consolidated Subsidiaries) 2,172 2,15 2,267 Consolidated Subsidiaries 2,983 4,417 1, % 2, 2, 1,275 1,78 1,653 Eliminations , 1, Total 1,44 9,826 (218) (2.2%) 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q 2

4 Consolidated Financial Results for the Six Months Ended Sep., 218 LINTEC(Non-consolidated) Sales decreased in Printing and Variable Information Products Operations. Overall sales in other operations remained firm. Consolidated Subsidiaries Sales decreased in an Advanced Materials Operations subsidiary in Taiwan. Sales after translation into yen declined among US subsidiaries because of the impact of a strong yen. Overall sales in other consolidated subsidiaries remained firm. Operating LINTEC (Non-consolidated) (-raising factors) in sales quantity, etc. : Approx..6 billion yen (-lowering factors) Effect of sales mix and decline in unit sales price : Approx..5 billion yen Rising of prices of raw materials and fuels : Approx. 1.3 billion yen Increasing of costs : Approx..5 billion yen Consolidated Subsidiaries In addition to the effect from increased sales, Madico, Mactac and Lintec Indonesia improved their operating. Average exchange rate during the period (Results) ( ) ( ) JPY/USD JPY/EUR JPY/KRW JPY/CNY JPY/TWD

5 Consolidated Financial Results for the Six Months Ended Sep., 218 Overview of Printing and Industrial Materials Products 3, 25, 2, 15, 22,12 (Printing and Variable Information Products Operations) 21,431 22,1 21,688 21,257 21,396 1,4 1,2 Operating 1,19 1,189 Printing and Variable Information Products Operations 43,443 42,653 (79) (1.8%) 1, 5, 1, 919 Industrial and Material Operations 16,658 17,471 6,12 6, % 21.% 12, 1, 1Q 3Q 4Q 1Q 8,534 9,22 8,878 8,327 (Industrial and Material Operations) 9, , 8, , Operating 1,26 2, % 2 2, 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q 4

6 Consolidated Financial Results for the Six Months Ended Sep., 218 Overview of Printing and Industrial Materials Products Printing and Variable Information Products Operations Japan : Demand for products for home delivery and mail-order services and eye-catching labels for cosmetics were firm. Sales of food-related products remained weak given the impact of heavy rainfalls and large-scale typhoons. Overseas : Sales were firm in the ASEAN region. Sales in the United States eroded due to the negative impact of the strong yen. Industrial and Material Operations Japan : Sales of equipment for the mail-order business and window films were firm. Overseas : Sales of motorcycle- and automobile-use adhesive products were well in India and the ASEAN region. 5

7 Consolidated Financial Results for the Six Months Ended Sep., 218 Overview of Electronic and Optical Products Advanced Materials Operations Optical Products Operations 24,982 26,156 18,999 19,539 43,982 45,695 1, % % 1, % 18, 15, 12, 9, 6, 15, 11,647 (Advanced Materials Operations) 13,335 13,459 13,192 12,974 13,182 1Q 3Q 4Q 1Q (Optical Products Operations) 3,5 2,5 2, 1,5 Operating 3,41 3,228 3,11 3,15 2,826 2,517 12, 9,387 9,612 9,292 8,958 9,951 9, 9,588 1, Operating 6,54 6,26 (27) (.5%) 6, 5 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q 6

8 Consolidated Financial Results for the Six Months Ended Sep., 218 Overview of Electronic and Optical Products Advanced Materials Operations Semiconductor-related adhesive tapes : Sales remained at the same level as the previous year, partly due to the impact of temporary production adjustments. Semiconductor-related equipment : Sales decreased slightly due to the effects of restrained capital expenditure. Multilayer ceramic capacitor-related tapes : Sales increased, thanks to strong demand for such products as smartphones, automobiles and servers. Optical Products Operations LCD-related adhesive products : Demands were well due to larger TV units. Demands of products for small- and medium-sized products such as smartphones were also firm. 7

9 Consolidated Financial Results for the Six Months Ended Sep., 218 Overview of Paper and Converted Products 8, 6, (Fine and Specialty Paper Products Operations) 1,8 Operating Fine and Specialty Paper Products Operations 8,147 8, % 2, 4,146 4,1 3,947 4,347 4,161 4,9 1,5 1,2 1,452 1,28 1,221 1,43 Converted Products Operations 1,852 11, % 1Q 3Q 4Q 1Q 9 18,999 19, % 8, (Converted Products Operations) , 5,387 5,465 5,718 5,445 5,67 5,49 6 Operating 2,732 1,627 (1,14) (4.4%) 2, 3 1Q 3Q 4Q 1Q 1Q 3Q 4Q 1Q 8

10 Consolidated Financial Results for the Six Months Ended Sep., 218 Overview of Paper and Converted Products Fine and Specialty Paper Products Operations Sales of mainstay color papers for envelopes remained unchanged year on year, while sales of oil and water resistant papers and others were solid. Converted Products Operations Sales of release papers for general-use adhesive products and release papers for electronic materials were weak. Sales of release films for optical-related products and casting papers for carbon fiber composite materials were well. 9

11 Forecasts for Consolidated Financial Results for the (unit : billion yen) Operating revised forecasts initial forecasts revised forecast initial forecast result revised forecast initial forecast result (unit : billion yen) (5.) Operating (3.) 2.1. Profit before Taxes Profit attributable to owners of parent (1.8) (1.5) 11.3 Average exchange rate during the period revised initial forecasts forecasts JPY/USD JPY/EUR JPY/KRW JPY/CNY JPY/TWD Profit before Taxes revised forecast initial forecast result revised forecast initial forecast result 14.5 Profit attributable to owners of parent

12 Forecasts for Consolidated Financial Results for the (unit : billion yen) revised forecasts initial forecasts (5.) 249. Factors for deviations from the initial forecast Printing and Industrial Materials Products (2.9) Printing and Variable Information Products Operations (2.5) 87.1 Industrial and Material Operations (.4) 34.6 Decrease because non-consolidated sales were affected by heavy rainfalls and large-scale typhoons in the first half and severe business environments are expected to continue both in Japan and overseas. Decrease because non-consolidated sales and sales of Mactac are expected to be lower than the initial forecast, although sales of Madico are likely to remain firm. Electronic and Optical Products (1.6) 88.9 Advanced Materials Operations (2.) 51.6 Optical Products Operations Decrease because semiconductor-related adhesive tapes and semiconductor-related equipment are expected to fall short of the initial forecast, despite the anticipated steady sales of multilayer ceramic capacitor-related tapes. reflecting strong sales in the first half, although product sales for large-sized and small- and medium-sized products are expected to be affected by weak demand in the second half. Paper and Converted Products (.5) 38.4 Fine and Specialty Paper Products Operations (.4) 16.4 Converted Products Operations (.1) 22. Operating (3.) 2.1 Printing and Industrial Materials Products (.4) 3.1 Electronic and Optical Products (1.1) 12. Paper and Converted Products (1.5) 5. Decrease because sales of mainstay color papers for envelopes are expected to decline slightly, although sales of oil and water resistant papers are expected to remain solid. Decrease because sales of casting papers for synthetic leather are expected to be affected by weak demand in China. Decrease, mainly reflecting the impact of a decline in the number of products sold in both Japan and abroad as well as a rise in prices of raw materials and fuels, although Madico is expected to record solid sales. Decrease because sales of semiconductor-related adhesive tapes are expected to remain weak due to production adjustments by manufacturers. Decrease because prices for raw materials and fuels, particularly those for pulp, are expected to rise more significantly than initially expected. 11

13 Dividend forecast (Basic Policy) We regard the enhancement of return in profit to shareholders as one of the most important issue for our management purpose. Regarding distribution of profit, while strengthening management bases and considering consolidated for each fiscal year, our base is to distribute stable and continued dividends. For internal reserves, we will effectively use these to reinforce our financial bases as well as to establish and reconstruct production facilities and make research and development investment with the intention of improving our corporate value in the future. Cash dividend forecast per share (unit : yen) Cash dividend per share (unit : yen) FY21 FY211 FY212 FY213 FY214 FY215 FY216 FY217 Profit attributable to owners of parent (billion yen) Net income per share (yen) Consolidated payout ratio (%)

14 Cautionary Statement with Respect to Forward-Looking Statements This presentation contains forward-looking statements that reflect Lintec s plans. These forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause Lintec's actual, performance, achievements or financial position to be materially different from any future, performance, achievements of financial position expressed or implied by these forward-looking statements.