JCU : Financial Results Briefing Material for the Third Quarter of the Fiscal Year Ending March 2023
February 17, 2023 at 04:56 am EST
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Financial Results Briefing Material
for the Third Quarter of the Fiscal Year
Ending March 2023
JCU CORPORATION
TSE Prime (Stock Code: 4975)
February 3, 2023
Financial Results Briefing Material for 3Q FY3/23
1
Summary of Consolidated Financial Results for 3Q FY3/23
Chemicals Business
Machine Business
For electronic components
For automotive components
Accounting Period of 3Q FY3/23
JCU (non-consolidated): April 1 to December 31, 2022
Overseas subsidiaries: January 1 to September 30, 2022
China: While demand for PWBs for other high-performance electronic devices subsided after having increased with IoT and teleworking as keywords, demand for chemicals increased thanks to the production of PWBs for smartphones staying relatively strong.
Taiwan: Demand for semiconductor package substrates for high-performance electronic devices and servers remained strong, and demand for chemicals increased significantly.
South Korea: As a result of demand for the semiconductor market being slacked, demand for chemicals stayed flat because some manufactures of semiconductor package substrates continued reducing inventories.
Japan: The shortage of semiconductors and parts was alleviated, resulting in increases in automobile production and demand for chemicals.
China: Recovery in production started as strict activity restrictions were relaxed in early June, resulting in an increase in automobile production. 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 3Q FY3/23
2
Summary of Financial Results for 3Q FY3/23
(Millions of yen)
3Q FY3/22
3Q FY3/23
YoY
% Change
Net sales
17,841
20,702
16.0%
Operating profit
6,626
7,320
10.5%
Ordinary profit
6,743
7,398
9.7%
Profit attributable to owners
4,620
5,154
11.5%
of parent
Net income per share
176.47 yen
198.86 yen
-
Financial Results Briefing Material for 3Q 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
3Q
forecast)
Chinese yuan
16.36
16.66
16.78
17.03
17.20
18.29
18.93
19.35
(CNY)
Taiwan dollar
3.77
3.84
3.88
3.93
4.00
4.15
4.28
4.37
(TWD)
Korean won
0.0951
0.0964
0.0959
0.0960
0.0940
0.0964
0.0996
0.1008
(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 3Q FY3/23
4
Changes in Consolidated Operating Profit for 3Q FY3/23
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JCU Corporation published this content on 17 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2023 09:55:07 UTC.
JCU CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of surface treatment agents and equipment. The Company operates in three business segments. The Agents segment provides decorative or rustproof coating agents for automotive components, water faucets and construction materials, as well as coating agents for printed circuit boards (PCBs), electronic parts and semiconductors. The Equipment segment provides automated surface treatment equipment and filtration machinery for automobile, printed circuit boards industries. The New Business segment is engaged in the sale of etching and cleaning equipment of PCBs using plasma technology, the sale of solar power generators and others.
JCU CORPORATION 
