FUJIBO HOLDINGS, INC....4Q For LCD glass For hard disks For silicone wafers CMP Others Non polishing agents FUJIBO HOLDINGS, INC. Chemical Industrial Products Business COPYRIGHT FUJIBO

FUJIBO HOLDINGS, INC.

FY 2018Financial Results

May 16, 2019Mitsuo Nakano

Representative Director, Chairman and PresidentFujibo Holdings, Inc.

COPYRIGHT FUJIBO HOLDINGS, INC. ALL RIGHTS RESERVED.


FY 2018 Key Results

COPYRIGHT FUJIBO HOLDINGS, INC. ALL RIGHTS RESERVED. 2

vs FY2017

Polishing Pad Business remained almost the same level as the prior period, Chemical Industrial Products Business achieved record-high Net Sales and Operating Income, and Textile Business fell below the prior period.

For Other business, Tokyo Molding Co., Ltd. joined as our group company. (as of Oct. 1, 2018)

N e t S a l e s

Operating Income

+3.4%

▲5.3%


3,587 3,533

2,706

3,188

3,768 3,500

5,867

2,981

4,366

3,624

6,816

3,989 3,779

50,254 47,250

38,203 33,558 35,958

36,282

40,988 39,313 41,173

38,117

40,878

35,891 37,097

0

10,000

20,000

30,000

40,000

50,000

60,000

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2006 07 08 09 10 11 12 13 14 15 16 17 18

477 755 371 753 918 1,306

3,142

1,770

2,382

3,015

4,344

2,908 2,538

FY2018 Financial Results


“Toppa” 11-13“Henshin” 06-10

（FY）

(JPY mil)

“Maishin” 14-16

Net Income Attributable to Parent Company’s Shareholders (left axis)Operating Income (left axis)Net Sales (right axis)

(JPY mil)

“Kasoku” 17-20


Quarterly Financials

783 1,005 992

842

2,257 2,383

1,457

717

1,053 910

1,249

776 825 920

1,302

731

9,337 9,594 9,345 9,839

10,606 10,910

10,452

8,909 8,913 8,675 9,358 8,944

8,268

9,481

10,285

9,062

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

FY151Q

FY152Q

FY153Q

FY154Q

FY161Q

FY162Q

FY163Q

FY164Q

FY171Q

FY172Q

FY173Q

FY174Q

FY181Q

FY182Q

FY183Q

FY184Q

Operating Income Net Sales


(JPY Mil)


Net Sales by Segment

14,432

10,260

12,529

3,656

10,642 9,716

12,376

3,155

10,733 11,305 11,550

3,508

0

6,000

12,000

18,000

Polishing Pad Business Chemical IndustrialProduct Business

Textile Business Other Businesses

FY2016 FY2017 FY2018


(JPY Mil)


Operating Income by Segment

5,593

864

169 188

2,251

606 971

160

2,081

919 636

143 0

1,000

2,000

3,000

4,000

5,000

6,000

Polishing Pad Business Chemical IndustrialProduct Business

Textile Business Other Businesses

FY2016 FY2017 FY2018


(JPY Mil)


585 506 682 477 511 537 723 308

2,598 2,585 2,826 2,630 2,659 2,685 2,952 2,434

0

1,000

2,000

3,000

1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18


Polishing Pad Business


2,251 2,081

10,642 10,733

FY17 FY18

(JPY Mil)

Composition of Sales: FY2018 Increases in Sales and decrease income For LCD Glass

・Decreased due to customers’ production adjustment for panel inventory

For Hard Disks・Strong demand for server application for data center

For Silicon Wafers/CMP・Solid demand in semiconductor, mainly in memory and communication, application, etc.

Others・Boosted demand for Polishing Agents

Steadily increased until 3Q, slowed down in 4Q

For LCD glass

For hard disks

For silicone wafers

CMP

OthersNon polishing agents


Chemical Industrial Products Business


104 177 145 17962

282201 373

2,197 2,413 2,407 2,698 1,968

3,172 3,060 3,105

0

200

400

600

800

1,000

1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18


606

919 9,716

11,305

FY17 FY18

Functional Materials, Intermediates・Stable new orders driven primarily by functionalchemical materials

Full-scale operation at Yanai & Takeo plants・Chemical industry production tends to return toJapan due to the influence of environmental regulation in China

Functional Materials

Pharmaceuticalsintermediates

AgriculturalChemical intermediates

Carbon bisulphide Lime sulfur mixture

Composition of Sales: FY2018 Increases both in Sales and income

(JPY Mil)


Textile Business


316 192388

73207 118

326

▲ 15

3,203 2,951 3,462 2,759 2,959 2,832 3,296 2,461

-200

0

200

400

600

800

1,000

1,200

1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18


971

636

12,376 11,550

FY17 FY18

Textile Products (B.V.D., ANGLE) ・ Expanded via new sales channels such as online sales・ Sales decrease in men’s regular innerwear items at major retail stores

Fiber Materials・Shift to high profitable commodities・ Downscaling facilities in line with sales volume

BVD

ANGLE SpinningSynthetic fiber

SpandexWeaving, knitting

OEMDye processing

Composition of Sales: FY2018 Decrease both and in Sales and income

(JPY Mil)


Other Businesses


47 33 33 45 45

▲ 18

51 65

914 724 661 854 680 791 975 1,060

-50

0

50

100

150

200

1Q'17 2Q'17 3Q'17 4Q'17 1Q'18 2Q'18 3Q'18 4Q'18


160 143

3,155 3,508

FY17 FY18

Trading (exporting Automobile, machinery, etc.）・Stable in exporting agricultural machines, etc.・Decreased significantly in automobiles-related such as vehicles and tires

Chemical products・Strong in components for medical devices・Sales increase from Metal mold subsidiary. Expenses to acquire the subsidiary’s shares have incurred

Trading

OthersFunctional products

Chemical products

Composition of Sales: FY2018 Increase in sales and decrease in income

(JPY Mil)


Gross Operating Income and SGA


COGS, 23,453

COGS, 24,685

Gross Operating Income, 12,438

Gross Operating Income, 12,412

FY17 FY18

Gross Operating Income Selling, general and administrative expenses

(JPY Mil) (JPY Mil)

8,448 8,632

FY17 FY18

COGS Ratio SGA Ratio

66.5％65.3％ 23.3％23.6％

Net Sales35,891

Net Sales37,097


YoY change in Operating Income


FY17 Volume COGS Sales Prices Foreignexchange

rates

Expenses FY18

(JPY Mil)

3,989

▲184

+77

▲154

+51

3,779

▲210+0


FY 2018 Consolidated Results

(JPY Mil) FY18 FY17 ChangeNet Sales 37,097 35,891 +1,205 +3.4%Operating Income 3,779 3,989 ▲210 ▲5.3%Net financial revenues 39 38 +0Others 163 240 ▲76

Ordinary income 3,983 4,269 ▲286 ▲6.7%Extraordinary income or loss ▲123 ▲40 ▲83

Income before income taxes 3,859 4,229 ▲369 ▲8.7%Corporation tax and others 1,320 1,321 ▲0

Net Income(attributable to shareholders of the parent) 2,538 2,908 ▲369 ▲12.7%

Profit margin on sales 10.2% 11.1% ▲0.9pt



Details of Extraordinary Income or Loss

(JPY Mil) FY18

Extraordinary income 0

Loss on disposal of fixed assets ▲96 Facility renovation and others

Impairment loss ▲25 Decline in market value of idle asset and others

Other extraordinary loss ▲1 Expenses to support disasters and others

Total extraordinary income or loss ▲123



Consolidated Balance Sheet


Capital adequacy

ratio

Mar 2017 Mar 2018 Mar 2019

60.2％ 66.4％ 62.7％

27,415 29,759 32,770

5,034 5,022

5,234 8,860 8,843

9,369 8,734 4,764

4,895

Mar-17 Mar-18 Mar-19

Cash and deposits

Accounts receivable

Inventories

Others

(JPY Mil) (JPY Mil)

30,149 32,148 32,778

2,617 1,337 2,306 12,405 10,345

12,568

4,872 4,558 4,617

Mar-17 Mar-18 Mar-19

Account Payable

Others

Interest Bearing Debt

Net Asset

D/E RatioMar 2017 Mar 2018 Mar 2019

0.09 0.04 0.07

52,27050,044 48,390

52,27050,044 48,390

Assets Liabilities and Net Assets


Cash flow and Working Capital


5545

79

3648

▲ 34

▲ 12 ▲ 8

▲ 53

▲ 33

20

32

71

▲ 16

14

FY14 FY15 FY16 FY17 FY18

Investment cash flowOperating cash flowFCF

（JPY Hundred Million）（JPY Hundred Million）

(52) (50) (48) (45) (46)

96 85 88 88 93

6058 50 50 52

10493 90 93

99

Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

InventoriesAccounts receivablesAccounts payablesWorking Capital

Cash flow Working Capital


FY2019 Financial Outlook


1H, 17,750

1H, 18,600

2H, 19,347

FY18 FY19E

Net Sales Operating Income Net Income（JPY Mil）（JPY Mil）（JPY Mil）

1H, 1,745

1H, 1,700

2H, 2,034

FY18 FY19E

1H, 1,194

1H, 1,150

2H, 1,344

FY18 FY19E

37,09738,700

3,7793,800

2,538 2,600

4.3％

0.5％2.4％


FY2018: Financial Outlook Summary

(JPY Mil) FY19Forecast

FY2HForecast FY18 Change

Net Sales 38,700 18,600 37,097 +1,602 +4.3%

Operating Income 3,800 1,700 3,779 +20 +0.5%

OrdinaryIncome 4,000 1,800 3,983 +16 +0.4%

Net Income 2,600 1,150 2,538 +61 +2.4%

Net Income Per Share（JPY）

227.31 100.54 221.93 +5.37

Dividend Per Share（JPY）

50.00(Estimate)

50.00(Estimate)

100.00(Planned)

-



10,733

11,305

11,550

3,508

10,700

13,000

10,800

4,200

FY18 FY19E

2,081

919

636

143

2,000

1,000

500

300

FY19 Forecasts by Business Segment


Net Sales Operating Income（JPY Mil）（JPY Mil）

Polishing Pad Business

Chemical Industrial Products Business

Textile Business

Other Businesses


594 291

1,239

3,711 3,616 2,768

1,350

558

522 754

215

9985

297 201

298

101231

234 204

FY14 FY15 FY16 FY17 FY18 FY19E

Polishing Pad Business Chemical Industrial Products Business Textile Business Other Businesses + Total Company

Forecast: CAPEX and Depreciation


CAPEX Depreciation（JPY Mil）（JPY Mil）

4,777

3,876

1,843

665 568 544701 819

746 937 1,173 1,058 960 190 207

184 188 193 83 93

87 88 116

FY14 FY15 FY16 FY17 FY18 FY19E

2,089

1,686 1,8062,114 1,989

4,111

2,459

4,766

2,035


Dividend policy

88.06 127.95

294.64

151.78

204.19

260.19

379.80

254.22

221.93

0

200

400

600

800

1,000

1,200

1,400

FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18

Total Dividends EPS（JPY）


（JPY Mil）

FUJIBO HOLDINGS, INC. 22

This presentation is prepared to offer reference information about Fujibo Holdings, Inc. to the investorsand is intended to generally provide investors and analysts with financial and operational informationabout Fujibo Holdings, Inc., but not to solicit or recommend any sale or purchase of stock or othersecurities of Fujibo Holdings, Inc.

Fujibo Holdings, Inc. has not verified and would assume no responsibility for the accuracy, appropriation,or completeness thereof. This presentation does not contain all relevant information relating to FujiboHoldings, Inc. or the sale of its shares.

This presentation includes forward-looking statements. These statements discuss expectations, identifystrategies, contain projections of Fujibo Holdings, Inc.’s financial condition or results of operations or stateother forward-looking information. The forward-looking statements in this presentation are subject tovarious risks, uncertainties and assumptions about Fujibo Holdings, Inc.’s business and results ofoperations. The expectations expressed in these forward-looking statements may not be achieved, andactual results could differ materially from and be worse than expectations.

Documents

FUJIBO HOLDINGS, INC....4Q For LCD glass For hard disks For silicone wafers CMP Others Non polishing agents FUJIBO HOLDINGS, INC. Chemical Industrial Products Business COPYRIGHT FUJIBO