Nippon Chemi Con : Financial Results Explanatory Material (FY2022)
May 26, 2023 at 03:15 am EDT
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FY2023 Plan
May 2023
Nippon Chemi-Con Corporation
TSE Prime Market, Securities code: 6997
NIPPON CHEMI‐CON CORPORATION
May 2023
Translation
Shift to a corporate structure capable of responding flexibly to changes in the business environment
Product planning(1) Increase the percentage of new products by strengthening product planning
reformscapabilities and succeed in expanding sales of high value-added products to the most important strategic markets.
(2)
Achieve improvement in labor productivity through productivity reforms across
Structural reforms
the company and all divisions.
(3) Eliminate the high-cost structure by reorganizing production bases and
implementing productivity reforms
(4)
Pursue higher efficiency in logistics-related operations through supply chain
management (SCM) reforms.
Steady implementation of measures to achieve the plan for net sales and operating income
(Billion yen)
FY2020
FY2021
FY2022
9thMedium-term
Degree
Management Plan
achieved
FY 2022 goals
Net sales
110.7
140.3
161.8
140.0
〇
Operating income
2.9
8.7
12.9
10.0
〇
Profit/loss attributable
2.0
(12.1)
2.2
6.0
×
to owners of parent
ROE
4.5%
(25.3%)
4.8%
10% or higher
×
Total asset turnover
0.8x
0.9x
1.0x
1.0x or higher
〇
ratio
NIPPON CHEMI‐CON CORPORATION
May 2023
1
Translation
COVID-19 and steep rise in material and electricity costs ➡
Implement structural reforms to achieve targets for the final year of the Medium-term Management Plan
(Billion yen)
Net Sales
200.0
161.8
150.0
140.9
140.3
140.0
114.5
110.7
100.0
50.0
0.0
FY2018
FY2019
FY2029
FY2021
FY2022
FY2022
Med.-term
Plan goal
(Billion yen)
Operating Income/Operating Margin
20.0
10.0%
8.0%
7.1%
8.0%
15.0
6.3%
12.9
6.0%
10.0
10.0
8.7
4.0%
3.6%
5.1
2.7%
2.0%
5.0
2.9
0.0%
0.0
FY2018
FY2019
FY2020
FY2021
FY2022
FY2022
(2.0%)
(2.5%)
Med.-term
Plan goal
(5.0)
(2.8)
(4.0%)
NIPPON CHEMI‐CON CORPORATION
May 2023
2
Improvement effect
(Billion yen)
160.0
16.0
14.4
New products
140.0
Productivity
14.0
12.0
Fixed costs
4.2
20.0
12.0
10.0
3.8
00.0
80.0.0
6.2
6.9
1.9
3.7
60.0.0
2.5
2.7
404.0.0
1.1
1.3
6.3
6.5
2.0
20.0
2.5
2.9
0.0
0.0
FY2022
FY2022
Med.-term Plan
Results
Med.-term Plan
cumulative
cumulative
Translation
Improvement in OEE1, TEEP2& per person
productivity to respond to increases in production
without increasing employees or facilities
Improvement effect (Million pcs/month)
100.0
Improvement effect
19.3%
21.3%
25.0%
80.0
Results
20.0%
20.0%
Improvement goal
60.0
15.0%
40.0
8.1%
72.7
10.0%
65.9
20.0
34.5
5.0%
0.0
0.0
0.0%
FY2019
FY2020
FY2021
FY2022
OEE: Overall Equipment Effectiveness
TEEP: Total Effective Equipment Performance
NIPPON CHEMI‐CON CORPORATION
May 2023
3
Establish a corporate structure that is profitable in any market environment
Expand highvalue-added products and reinforce response to low pricing in the market ―
Create Next Value!
Expand our horizons!
4
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Nippon Chemi-con Corporation published this content on 26 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 07:14:13 UTC.
Nippon Chemi-Con Corp is a company primarily engaged in the manufacture and sale of electronic parts. The Company operates in Capacitors segment. The Capacitors segment is engaged in the manufacture, purchase and sale of capacitor products, including aluminum electrolysis capacitors and others, as well as the capacitor materials, such as aluminum electrode foils.
NIPPON CHEMI-CON CORPORATION 
