IBIDEN CO.,LTD. Financial Results of FY2023
IBIDEN Co., Ltd.(4062)
May 2nd , 2024
Page#1/20
Forecasts in this statement have been made based on the premise, prospect and plan of IBIDEN as of May 1st , 2024.
Actual results may widely differ from this statement due to any uncertain factor such as international economy, market competition and exchange fluctuation.
Copyright 2024 IBIDEN Co.,LTD, All rights reserved | Page#2/20 |
[Consolidated]
Results of FY2023
Copyright 2024 IBIDEN Co.,LTD, All rights reserved | Page#3/20 |
Results of Net Sales, Operating Profit and Net Profit in FY2023
Net Sales
(Unit: Billions of Yen)
Compared to
the last year▲11.3%
〔 〕 shows % compared to the last year
Operating Profit
(Unit: Billions of Yen)
Compared to
the last year▲34.3%
〔 〕 shows % compared to the last year
Net Profit
(Unit: Billions of Yen)
Compared to
the last year▲39.7%
17.3% | |||||||||||||||||
OPM | |||||||||||||||||
417.5 | |||||||||||||||||
12.8% | |||||||||||||||||
76.9 | 365.0 | 370.5 | |||||||||||||||
12.3% | |||||||||||||||||
84.0 | 83.3 | Others | 72.4 | ||||||||||||||
89.9 | [ | +8%] | 5.6 | ||||||||||||||
6.1 | |||||||||||||||||
91.0 | 96.5 | Ceramics | |||||||||||||||
45.0 | 47.6 | ||||||||||||||||
[ | +7%] | Others | |||||||||||||||
6.9 | |||||||||||||||||
6.5 | [ | +24%] | |||||||||||||||
11.5 | 13.4 | Ceramics | |||||||||||||||
250.7 | 60.6 | ||||||||||||||||
[ | +118%] | ||||||||||||||||
190.0 | 190.7 | Electronics | |||||||||||||||
[ | ▲24%] | 27.0 | 27.3 | Electronics | ||||
[ | ▲55%] | |||||||
Forecast | 0 | Forecast | 0 | |||||
Result | Result | Result | Result | |||||
Disclosed | Disclosed | |||||||
on Feb 1 | on Feb 1 | |||||||
FY22 | FY23 | FY22 | FY23 |
133 | 142 | 142 | Exchange rate (USD) |
139 | 153 | 154 | Exchange rate (EUR) |
Copyright 2024 IBIDEN Co.,LTD, All rights reserved
NPM
12.5%
8.5%
7.8%
52.2
28.5 31.5
Forecast | |
Result | Disclosed Result |
on Feb 1 | |
FY22 | FY23 |
Page#4/20
Market Forecasts
and
Business Prospects
Copyright 2024 IBIDEN Co.,LTD, All rights reserved | Page#5/20 |
Trend and Change in Electronics Market
- PC Market: Inventory adjustments are progressing, and replacement demand due to OS migration is expected to increase from summer onwards.
- Server Market: Demand for AI-related servers continues to expand, while demand for general-purpose servers bottoms out but is expected to recover gradually.
PC Market
(Unit: Million Unit)
60
According to the information by the external research firm
Market expectations as of Oct 27
4.0
Server Market including
General-Purpose + AI Server
(Unit: Million Unit) | According to the information |
by the external research firm |
・This time: Latest market expectation
・Last time: Market expectations as of Oct 27,2023
General- |
Purpose |
Server |
AI Server
0 | 1-3 | 4-6 | 7-9 | 10-12 | 1-3 | 4-6 | 7-9 | 10-12 | Q | ||
Ave. | |||||||||||
CY23 | CY24 | CY27 |
Copyright 2024 IBIDEN Co.,LTD, All rights reserved
0
Result | Result | Last | This | Last | This | Last | This | Last | This | Last | This | Last | This |
Time | Time | Time | Time | Time | Time | Time | Time | Time | Time | Time | Time | ||
1-3 | 4-6 | 7-9 | 10-12 | 1-3 | 4-6 | 7-9 | 10-12 | ||||||
CY23 | CY24 |
Last This
Time Time
Q Ave.
CY27
Page#6/20
Perspective of Demand and Investment Plan of IC Package Substrate
- The Ono Plant will be launched as planned in response to the growth in demand for AI servers and changes in customer share.
- Aim to improve production flexibility, including existing plants, and maximize profits.
SAP* Demand Size
(based on customer information)
※SAP : Semi Additive Process ※indexed by CY22=100
100
82
Ono Plant | Gama Plant | ||||
begins | begins | ||||
supply | supply | ||||
135 | |||||
115 |
95
140
AI
Server
General-
Purpose
Server
PC
Result | Result |
CY22 | CY23 |
Copyright 2024 IBIDEN Co.,LTD, All rights reserved
Latest
Forecast
CY24
Latest
Forecast
CY25
Latest
Forecast
CY26
Latest
Forecast
CY27
Page#7/20
Technology Change of IC Package Substrate
- In terms of data processing capability and power consumption, the trend of semiconductor advancement and performance competition among companies continues.
-
IC package substrates are becoming even larger, finer, more multi-layered, and 3D. We will develop essential elemental technologies across all areas, anticipating
all possibilities for technological advancement.
2.1D structure | ～70mm |
connected
on substrate
～70mm
Semiconductor
chip
～60mm | |
HBM | |
Semiconductor | |
chip | |
2.5D structure | |
connected | |
on interposer | L/S=10/10 (um) |
～2021 2022 2023
Copyright 2024 IBIDEN Co.,LTD, All rights reserved
～100mm
18 layer~
～100mm
14 layer~
L/S=5/5 (um)
2024 2025～
Page#8/20
Trend and Change in Ceramics Market
- Due to the backlash from the rapid shift to EVs, ICEVs will maintain a certain market share in the medium term.
- In addition to automotive applications, the demand for Si/SiC power semiconductors is expanding in the fields of high-speed communication and industrial equipment.
Powertrain
Market | According to the information |
by the external research firm |
(Unit: Million Unit)
ICEV This time: Latest market expectations
ICEV Last time: Market expectations as of Oct 27,2023
100
EV |
PHEV |
HV |
Diesel |
50
Gasoline
CY22 | CY23 | CY24 | CY25 | CY26 | CY27 |
Power Semiconductor | According to the information |
Market | |
by the external research firm |
(Unit: trillion yen)
・This time: Latest market expectations
・Last time: Market expectations as of Oct 27,2023
5 | SiC |
Si |
0
Result | Result | Last | This | Last | This | Last | This | Last | This | |
Time | Time | Time | Time | Time | Time | Time | Time | |||
CY22 | CY23 | CY24 | CY25 | CY26 | CY27 | /20 | ||||
[Consolidated]
Forecasts of FY2024
Copyright 2024 IBIDEN Co.,LTD, All rights reserved | Page#10/20 |
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Disclaimer
Ibiden Co. Ltd. published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 May 2024 11:52:26 UTC.
