Financial Results Briefing Material
for the Fiscal Year Ended March 2023
JCU CORPORATION
TSE Prime (Stock Code: 4975)
May 11, 2023
Financial Results Briefing Material for FY3/23 | 1 |
Summary of Consolidated Financial Results for FY3/23
Chemicals Business
Machine Business
For electronic components
For automotive components
Accounting Period of FY3/23
JCU (non-consolidated): April 1 to March 31, 2023
Overseas subsidiaries: January 1 to December 31, 2023
- China: As a result of the stagnation of consumer spending and the ending of stay-at-home demand, demand for PWBs for servers and high-performance electronic devices such as smartphones, PCs, and tablets decreased. However, demand for chemicals during the fiscal year under review remained unchanged.
- Taiwan: Thanks to a continued strong demand for semiconductor package substrates for high-performance electronic devices and servers, the Group enjoyed an increased demand for chemicals during the fiscal year under review despite some inventory adjustment in the second half.
- South Korea: As a result of demand for the semiconductor market being slacked, demand for chemicals declined because manufactures of semiconductor package substrates continued to adjust inventories.
- Japan: The shortage of semiconductors and parts was alleviated, resulting in recovery in automobile production and higher demand for chemicals.
- China: Automobile production decreased due to the shortage of semiconductors and the effect of the pandemic However, demand for chemicals stayed flat.
- 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 FY3/23 | 2 |
Summary of Financial Results for FY3/23
(Millions of yen)
FY3/21 | FY3/22 | FY3/23 | |||
YoY | |||||
Results | Results | Forecasts | Results | ||
% Change | |||||
Net sales | 21,192 | 24,256 | 26,500 | 27,137 | 11.9% |
Operating profit | 6,799 | 8,990 | 9,100 | 9,285 | 3.3% |
Ordinary profit | 6,922 | 9,231 | 9,100 | 9,369 | 1.5% |
Profit attributable to | 4,708 | 6,370 | 6,300 | 6,013 | (5.6)% |
owners of parent | |||||
Net income per share | 178.33 yen | 243.82 yen | 243.46 yen | 232.62 yen | - |
Note: A year-over-year decrease in profit attributable to owners of parent was caused by a significant increase in deferred income taxes due to the recognition of deferred tax liabilities for taxable temporary differences attributable to retained earnings of some overseas consolidated subsidiaries.
Financial Results Briefing Material for FY3/23 | 3 |
Summary Consolidated Balance Sheet
(Millions of yen) | FY3/22 | FY3/23 | ||
Current assets | 32,507 | 36,646 | ||
Cash and deposits | 19,519 | 24,180 | ||
Notes and accounts receivable-trade | 8,501 | 8,526 | ||
Inventories | 3,632 | 2,852 | ||
Non-current assets | 8,385 | 8,255 | ||
Property, plant and equipment | 5,459 | 6,081 | ||
Investments and other assets | 2,870 | 2,126 | ||
Total assets | 40,892 | 44,901 | ||
Current liabilities | 6,712 | 6,164 | ||
Notes and accounts payable-trade | 2,736 | 2,397 | ||
(incl. electronically recorded obligations-operating) | ||||
Short-term borrowings | 705 | 754 | ||
(incl. current portion of long-term borrowings) | ||||
Non-current liabilities | 1,013 | 875 | ||
Long-term borrowings | 540 | 288 | ||
Total liabilities | 7,726 | 7,039 | ||
Total net assets | 33,166 | 37,861 | ||
Total liabilities and net assets | 40,892 | 44,901 | ||
Financial Results Briefing Material for FY3/23 | Note: Certain line items are omitted | 4 | ||
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)
FY3/23 | FY3/24 | ||||||
FY3/22 | |||||||
(Initial | 1Q | 2Q | 3Q | 4Q | (Forecast) | ||
forecast) | |||||||
Chinese yuan | 17.03 | 17.20 | 18.29 | 18.93 | 19.35 | 19.48 | 19.34 |
(CNY) | |||||||
Taiwan dollar | 3.93 | 4.00 | 4.15 | 4.28 | 4.37 | 4.41 | 4.36 |
(TWD) | |||||||
Korean won | 0.0960 | 0.0940 | 0.0964 | 0.0996 | 0.1008 | 0.1017 | 0.1039 |
(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 FY3/23 | 5 |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
JCU Corporation published this content on 30 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2023 07:15:10 UTC.