Ferrotec: Progress of the medium term management plan (FY 3/22 – FY 3/24) (Updated 30 May 2022) picture_as_pdf PDF

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Ferrotec Holdings Corporation

Mid Term Update

Management plan

Mon. May 30, 2022

Copyright © Ferrotec Holdings Corporation. All rights reserved.

Copyright © Ferrotec Holdings Corporation. All rights reserved.

Business results

Investment for

growth

Strengthening of

quality and personal

Strengthening of the financial situation

Net sales, operating profit and net profit increased significantly over the previous term, reaching record levels

The semiconductor and electronics business performed well and the new plant, which has been in operation for several years, is in full production.

Significant year-on-year increases in net sales (+46.6%), operating profit (+134.4%) and net profit (+221.9%).

To continue its growth, increase production and invest aggressively in development and technology

Investment to increase production by establishing Changshan plant for quartz and semiconductor-related metal processing and Yinchuan plant for SiP, and expanding Dongtai plant for quartz.

Increased production of AMB for power substrates and establishment of a research institute in anticipation of the growth of the electric vehicle market, etc.

Automation and digitalization progressed and the Chinese headquarters was established to strengthen the staff and the organization.

While strengthening quality control, we have made progress in the automation and digitalization of production sites.

We decided to establish a head office in China and strengthen human resources and organizations for business, technology and management.

Capital increase of our company and our subsidiaries in China as a basis for aggressive investment

Our company increased its capital by 19.3 billion yen, and our Chinese subsidiaries also increased their capital, including 8.3 billion yen in power substrates subsidiary, 9.2 billion yen in crucible subsidiary SiP and 4.7 billion yen in the wafer recycling subsidiary, to raise the equity ratio to 49.5% and the net asset ratio to 60.8%.

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Copyright © Ferrotec Holdings Corporation. All rights reserved.

Balance sheet for the 3/22 financial year: Net turnover and operating profit reached records

  • Revenue and operating profit hit record highs driven by strong sales of semiconductor materials, parts cleaning, power semiconductor substrates, and more.

Net sales

(¥ in millions)

133,821

90 598 89 478 81,612 91,312

record high

AF3/18 AF3/19 AF3/20 AF3/21 AF3/22

Operating result

Operating result

Operating margin

(¥ in millions)

22,600

10.6

16.9

9.3

9.8

7.4

high

8,437

8,783

9,640

6,012

Registration

EX3/18

EX3/19

EX3/20

EX3/21

EX3/22

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Copyright © Ferrotec Holdings Corporation. All rights reserved.

Achievement of the main objectives of the medium-term plan ahead of schedule

  • Key performance objectives achieved for fiscal year 3/23 in the medium-term management plan, which was formulated last year, a year ahead of schedule.
  • The growth of our company has been much faster than the assumption of medium-term management plan unveiled last year thanks to the combination of increased production capacity and a strong increase in demand.

Operating result

Net revenue

(¥ in millions)

Early realization

133,821

150,000

125,000

105,000

03/22

03/22

03/23

03/24

results

Medium term plan formulated last year

(¥ in millions)

Early realization

22,600

25,000

19,000

15,000

EX3/22

EX3/22

EX3/23

EX3/24

results

Medium term plan formulated last year

(¥ in millions)

Early realization

26,659

11,000

15,000

7,800

EX3/22

EX3/22

EX3/23

EX3/24

results

Medium term plan formulated last year

Copyright © Ferrotec Holdings Corporation. All rights reserved.

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Disclaimer

Ferrotec Holdings Corporation published this content on June 16, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 16, 2022 07:52:04 UTC.

Public now 2022

All the news of FERROTEC HOLDINGS CORPORATION

2022 sales 128B
951M
951M
2022 net income 24,020M
179M
179M
Net cash 2022 18,134m
135 million
135 million
PER 2022 ratio 4.82x
2022 return 1.77%
Capitalization 118B
875 million
875 million
EV / Sales 2022 0.78x
EV / Sales 2023 0.62x
# of employees 7,380
Floating 93.7%

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