JCU : Financial Results Briefing Material for the First Quarter of the Fiscal Year Ending March 2024

Financial Results Briefing

Material

for the First Quarter of the Fiscal Year

Ending March 2024

JCU CORPORATION

TSE Prime (Stock Code: 4975)

August 3, 2023

Financial Results Briefing Material for 1Q FY3/24

1

Summary of Consolidated Financial Results for 1Q FY3/24

Chemicals Business

Machine Business

For electronic components

For automotive components

Accounting Period of 1Q FY3/24

JCU (non-consolidated): April 1 to June 30, 2023

Overseas subsidiaries: January 1 to March 31, 2023

• China: Due to the stagnation of consumer spending and the ending of stay-at-home demand, demand for PWBs for high-performance electronic devices such as smartphones, PCs, and tablets decreased. As a result, sales of chemicals decreased.
• Taiwan: Due to a decrease in demand for PWBs for high-performance electronic devices, servers, and semiconductor package substrates for high-performance electronic devices, sales of chemicals decreased.
• South Korea: Due to the continued impact of inventory adjustment in the semiconductor market, demand for semiconductor package substrates decreased. As a result, sales of chemicals decreased.
• Japan: The improving trend in shortages of semiconductors and parts led to a recovery in domestic automobile production and an increase in sales of chemicals.
• China: Despite a recovery trend in shortages of semiconductors and parts, the automobile sales and production decreased due to decelerating economies. As a result, sales of chemicals decreased.
• Net sales, orders received, and order backlog increased substantially thanks to the resumption of the projects that had been postponed due to the pandemic and the steady progress of ongoing construction projects.

Financial Results Briefing Material for 1Q FY3/24

2

Summary of Financial Results for 1Q FY3/24

(Millions of yen)
	Same period of		YoY
	previous FY	1Q FY3/24
	% Change
	(1Q FY3/23)
Net sales	6,160	5,225	(15.2)%
Operating profit	2,020	1,379	(31.7)%
Ordinary profit	2,206	1,383	(37.3)%
Profit attributable to	1,607	944	(41.2)%
owners of parent
Net income per share	61.97 yen	36.85 yen	-
	Financial Results Briefing Material for 1Q FY3/24	3

Foreign Exchange Rates

Foreign exchange sensitivity (as at the consolidated year): Changes of about 105 million yen in consolidated

operating profit with 1% change in major currency rates listed below

(Yen)

		FY3/23		FY3/24
	1Q	2Q	3Q	4Q	1Q
	(Initial forecast)
Chinese yuan	18.29	18.93	19.35	19.48	19.34
(CNY)
Taiwan dollar	4.15	4.28	4.37	4.41	4.36
(TWD)
Korean won	0.0964	0.0996	0.1008	0.1017	0.1039
(KRW)

Note: The average rate for the period is used to translate Chinese yuan, Taiwan dollar and Korean won, our major foreign currencies, to Japanese yen.

Financial Results Briefing Material for 1Q FY3/24

4

Changes in Consolidated Operating Profit for 1Q FY3/24

(Millions of yen)
2,400	■ Positive factors

• Negative factors

	(953)
									(YoY change)
1,800									(641)
				131			9	54	17
1,200		101				frompurchasedproducts	Increaseingrossprofit	Increaseingrossprofit fromtheMachineBusiness	SG&A
Lowersalesofchemicals	Higherprofitmarginof chemicals	currenciestoJPY)	chemicals (duetoconversionfromlocal	Effectsofexchangeratesfor
	2,020
600									1,379
0
	1Q FY3/23								1Q FY3/24
	Operating Profit								Operating Profit

Financial Results Briefing Material for 1Q FY3/24

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