JCU : Financial Results Briefing Material for the Fiscal Year Ending March 2022New! (1.74 MB)

Explorer in Surface Engineering

Financial Results Briefing Material

for the Fiscal Year Ended March 2022

JCU CORPORATION

TSE Prime (Stock Code: 4975)

May 11, 2022

Influence of the Russian-Ukrainian situation on the Group performance

1. Rise in the prices of raw materials produced in Russia

As the Company use no materials produced in Russia, we expect no direct influence at present.

2. Rise in the prices of distribution cost caused by higher crude oil price and other factors

Most of our products are produced in the production bases of our oversea group companies. For that, as the ratio of products exported overseas is small, the influence is slight.

3. Depreciation of the yen

Most of our oversea group company businesses are done in local currencies. As we announce the translated values as the performance values for the consolidated results, the deprecation of the yen is a factor to increase our profit.

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Summary of Consolidated Financial Results for FY3/22

Overview of Financial Results

For electronic components

Accounting Period of FY3/22

JCU (non-consolidated): April 1 to March 31

Overseas subsidiaries: January 1 to December 31

• In China: Increase in demand for PWBs for high-performance electronic devices such as tablets and for servers Demand for chemicals increased significantly due to operations of newly acquired production lines being fully in progress
• In Taiwan: Increase in demand for semiconductor package substrates for high-performance electronic devices and servers
  Demand for chemicals increased due to the acquisition of new production lines
• In South Korea: Demand for semiconductor package substrate increased due to strong demand for semiconductors. Demand for chemicals increased due to the acquisition of new production lines

For automotive components

• In Japan, although the recovery trend in the automotive industry is slowing down due to a shortage of semiconductors and other materials, demand for chemicals increased as the industry remained strong until the first half of the fiscal year.
• Overseas, although the productions of the automotive industry were affected by the shortage of semiconductors and others in China, the recovery trend in the automotive industry continued and demand for chemicals increased significantly.

Machine Business

• Net sales decreased substantially because in the plating machines for the automobiles, the progress in the satisfaction of performance obligation was delayed. However, due to the resumption of postponed projects, and the increasing demand for new investment in plating machines in electronics industry, order backlog increased significantly.

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Summary of Financial Results for FY3/22

Consolidated

(Millions of yen)

	FY3/20	FY3/21		FY3/22
			Forecasts		YoY
	Results	Results	(Revised November	Results
	% Change
			2021)
Net sales	22,319	21,192	23,500	24,256	14.5%
Operating	6,297	6,799	8,300	8,990	32.2%
profit
Ordinary profit	6,240	6,922	8,350	9,231	33.4%
Profit
attributable to	4,416	4,708	5,900	6,370	35.3%
owners of
parent
Net income	163.97 yen	178.33 yen	225.19 yen	243.82 yen	-
per share

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Summary Consolidated Balance Sheet

Note: Certain line items are omitted.

(Millions of yen)	FY3/21	FY3/22
Current assets	26,724	32,507
Cash and deposits	16,674	19,519
Notes and accounts receivable-trade	7,195	8,501
Inventories	2,502	3,632
Non-current assets	8,499	8,385
Property, plant and equipment	5,312	5,459
Investments and other assets	3,124	2,870
Total assets	35,224	40,892
Current liabilities	6,050	6,712
Notes and accounts payable-trade	2,237	2,736
(incl. electronically recorded obligations-operating)
Short-term borrowings	634	705
(incl. current portion of long-term borrowings)
Non-current liabilities	1,470	1,013
Long-term borrowings	613	540
Total liabilities	7,520	7,726
Total net assets	27,703	33,166
Total liabilities and net assets	35,224	40,892

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