Financial Result of FY2018 (April 2018 - March 2019)

April 26, 2019

Maxell Holdings, Ltd.

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1

1.Outline of Consolidated Business Results of FY2018

(April 2018 - March 2019)

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2

Management Target Point in FY2018

Growth Strategy：Strengthen portfolio by MBP and create group synergy

✓Specialty business, Izumi Product, Ube Maxell Kyoto, Kureha Elastomer began to contribute revenue in FY2018

✓Strengthen mid-long term growth area(battery for HEV, etc) , build a foundation to create further synergy effect.

The second founding：Changing brand strategy as 「Maxell」

✓Launch Maxell brand of consumer and beauty products

✓Install new light source projector and build sales channel of Maxell brand.

Unprofitable businesses： Enhancement of efforts

✓Introduce new light source projector to make business profitable immediately.

✓For consumer LIB, optimize costs by transferring resources to the LIB for automobile, etc.

Improve Maxell group profitability： Enhancement of efforts

✓Start strengthening profit management by item to reduce consolidated company cost.

✓Strengthen management structure of business portfolio.（Introduced and start to preparation for ROIC)

New business：Additional investment for growth business in future.

✓Keep investing for mid-long term growth area such as HUD, Mask for organic EL panels

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Consolidated Financial Results of FY2018

Sales

✓Made up for decrease in sales of consumer LIB with growth areas and MBP execution, net sales increased by 2% to 150.6 billion yen

Profit

✓Although we aim to strengthen profit management by item and reduce costs, we couldn't make up for the decline consumer LIB, Operating income decreased by 39% to 5.4 billion yen

FY2017

FY2018

FY2018

To

Result

Forecast(*1)

Result

L/Y

Forecast

JPY billion

%

JPY billion

%

JPY billion

%

JPY billion

JPY billion

Net Sales

148.2

-

152.0

-

150.6

-

+2.4

(1.4)

Operating Income

8.8

6.0%

6.0

3.9%

5.4

3.6%

(3.4)

(0.6)

Net Income(*2)

7.1

4.8%

4.9

3.2%

5.3

3.5%

(1.8)

+0.4

Free Cash Flow

(1.1)

-

(45.8)

(44.7)

-

ROE

6.0%

-

4.4%

(1.6%)

-

(*1) Forecast: announced on Oct. 30, 2018

(*2) Profit attributable to owners of parent

Exchange rate US$ FY:2017: 111yen, FY2018 Forecast:110yen, FY2018 Result:111

4

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Net Sales Changes (FY2017 → FY2018)

Changes +2.4

148.2

Quantity

MBP

(10.6)

+13.2

Variance

Price down

(0.2)

Main Factors

・Consumer LIB (0.4)

・Beauty care products (0.9)

（Unit: JPY billion）

Exchange

150.6

fluctuation

±0

Net Sales

Net Sales

FY2017

FY2018

5

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Hitachi Maxell Ltd. published this content on 26 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2019 11:37:08 UTC