TOPPAN INC. Fiscal 2023 Half Year Results Briefing
Six months ended September 30, 2023
November 15, 2023
INDEX
Contents
- Fiscal 2023 First Half Results
II. Fiscal 2023 Full Year Results Forecast
INDEX
Contents
- Fiscal 2023 First Half Results
II. Fiscal 2023 Full Year Results Forecast
- Fiscal 2023 First Half Results (Six months ended September 2023)
Summary of Consolidated Results
(M) | ||||||
H1 2023 | H1 2022 | Variance | ||||
Amount | % | |||||
Information & | Net sales | 414,082 | 424,170 | (10,088) | -2.4% | |
Communication | Operating profit | 11,023 | 11,956 | (933) | -7.8% | |
Net sales | 263,610 | 262,394 | 1,216 | 0.5% | ||
Living & Industry | ||||||
Operating profit | 13,037 | 13,008 | 29 | 0.2% | ||
Net sales | 133,870 | 128,635 | 5,235 | 4.1% | ||
Electronics | ||||||
Operating profit | 24,422 | 22,750 | 1,672 | 7.4% | ||
Net sales | (11,287) | (12,942) | 1,655 | - | ||
Adjustment | ||||||
Operating profit | (23,122) | (19,088) | (4,034) | - | ||
Net sales | 800,275 | 802,257 | (1,982) | -0.2% | ||
Operating profit | 25,361 | 28,627 | (3,266) | -11.4% | ||
Consolidated total | ||||||
Ordinary profit | 32,566 | 37,611 | (5,045) | -13.4% | ||
Profit attributable to | ||||||
owners of parent | 18,061 | 53,230 | (35,169) | -66.1% |
© TOPPAN Holdings Inc. | 4 |
I. Fiscal 2023 First Half Results (Six months ended September 2023)
Reasons for Variance
Reasons for variance vs. prior year
Factors affecting net sales
Factors affecting operating profit
Increases for global security and digital content in the DX business (Erhoeht-X).
Expansion centered on SX packaging (flexible packaging and folding cartons) in the packaging business in Japan.
Increases for FC-BGA substrates and photomasks in the semiconductor business. Contraction of one-time government projects in the BPO business.
Expansion of profit accompanying increase in net sales in the semiconductor business.
Increase in amortization costs due to standardization of useful life of photomask equipment.
Decrease for finance printing overseas due to factors related to order cycle.
Decreases for packaging and décor materials overseas due to such factors as slump in demand caused by inflation in Europe and North America and water damage to plant caused by heavy rains in India.
Factors affecting profit attributable to owners of parent
Decrease in operating profit.
Decrease in gain on sale of investment securities.
Increase in impairment loss.
Decreases in corporate income tax, inhabitants' tax, and business tax.
© TOPPAN Holdings Inc. | 5 |
I. Fiscal 2023 First Half Results (Six months ended September 2023)
Change in Operating Profit Versus Prior Year
Profit increases year on year if the impact of amortization costs due to standardization of the useful life of photomask equipment is excluded.
¥31.4bn | ¥25.3bn |
(unadjusted) | |
¥28.6bn | |
Increase in amortization | |
costs due to | |
standardization of | |
useful life | |
Fiscal 2022 H1 | Fiscal 2023 H1 |
Operating Profit | |
Operating Profit | |
(adjusted) | |
© TOPPAN Holdings Inc. | 6 |
- Fiscal 2023 First Half Results (Six months ended September 2023)
Change in Operating Profit Versus Prior Year | ||||||
¥28.6bn | ¥31.4bn | |||||
Existing | ||||||
¥25.3bn | ||||||
businesses | ||||||
Infrastructure | +¥1.5bn | Increase in | ||||
development | Overseas Living | Semiconductor | amortization costs due | |||
Japan SX | to standardization of | |||||
costs | expansion | |||||
business | useful life of | |||||
Factors | Erhoeht-X | business | ||||
-¥4.1bn -¥2.1bn | +¥7.4bn | photomask equipment | ||||
related to | expansion | |||||
expansion | -¥6.1bn | |||||
order cycle | +¥1.0bn +¥0.8bn | |||||
-¥1.7bn | ||||||
0 |
Fiscal 2022 H1 | Fiscal 2023 H1 | Fiscal 2023 H1 |
Operating Profit | Operating Profit | Operating Profit |
(unadjusted) |
© TOPPAN Holdings Inc. | 7 |
- Fiscal 2023 First Half Results (Six months ended September 2023)
Information & Communication
(M) | |||||
H1 2023 | H1 2022 | Variance | |||
Amount | % | ||||
Net sales | 414,082 | 424,170 | (10,088) | -2.4% | |
Operating profit | 11,023 | 11,956 | (933) | -7.8% | |
Digital Business
BPO
Secure Media
Communication
Media
・Digital marketing saw strong performance in areas such as development of retail media for the distribution and retail industries. ・In the global security business there was increased demand in Europe and the Middle East.
・In the metaverse-related business there were increases for businesses related to product promotion measures and high-precision online simulations, and we advanced initiatives such as development of metaverse spaces for education using Metapa™, a virtual mall app.
・The BPO business saw contraction of the previous fiscal year's one-time government projects but an increase in projects for the handling of administration related to infrastructure.
・Increases for data printing services and smart-card-related business.
・Increases for game/trading cards and business forms but decreases for paper media and sales-promotion-related business.
© TOPPAN Holdings Inc. | 8 |
- Fiscal 2023 First Half Results (Six months ended September 2023)
Living & Industry
(M) | |||||
H1 2023 | H1 2022 | Variance | |||
Amount | % | ||||
Net sales | 263,610 | 262,394 | 1,216 | 0.5% | |
Operating profit | 13,037 | 13,008 | 29 | 0.2% | |
Packaging
Décor Materials
・Performance overseas was down year on year due to such factors as a slump in consumer demand caused by inflation in Europe and water damage to a plant caused by heavy rains in India, although flexible packaging performance was strong, with contributions including Majend Makcs, the Thailand-based flexible packaging producer acquired in May last year.
・Year-on-year increase in Japan as a result of expansion of SX packaging using GL BARRIER, which delivers world-class barrier performance and meets needs for microwaveable and aluminum-free materials.
・Despite impacts overseas including decreased demand caused by inflation in Europe and an increase in mortgage rates in North America, overall performance of the business was comparable to the previous year due to expansion of sales of eco-friendly décor sheets in Japan.
© TOPPAN Holdings Inc. | 9 |
- Fiscal 2023 First Half Results (Six months ended September 2023)
Electronics
(M) | |||||
H1 2023 | H1 2022 | Variance | |||
Amount | % | ||||
Net sales | 133,870 | 128,635 | 5,235 | 4.1% | |
Operating profit | 24,422 | 22,750 | 1,672 | 7.4% | |
Semiconductors
Displays
New Businesses
・In the FC-BGA substrate business, increase for large, multilayer, high-value-added products centered on use for data centers and servers.
・Robust performance for photomasks based on taking in demand for the Asian market.
・Increase for anti-reflection films due to taking in demand for high-value-added products for laptop PCs and monitors. ・Decrease in overall sales due to lower demand for TFT-LCD panels for automotive and other applications.
・As a product supporting next-generation displays, worked on expanding sales of LC MAGIC™, a light control film that changes from transparent to opaque at the flick of a switch. The film has been adopted for the world's first light control glass for automobile side windows.
・Drove sales expansion for e-Platch™, a system that takes advantage of the ZETA next-generation LPWA network protocol to enhance the efficiency of remote monitoring of environmental data and maintenance of equipment at factories and facilities.
© TOPPAN Holdings Inc. | 10 |
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Toppan Inc. published this content on 15 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2023 11:58:11 UTC.
