MEC : Financial Results Briefing for Q2 FYE 12 2023

Financial Results Briefing

for Q2 FYE 12/2023

August 9, 2023

MEC COMPANY LTD.

Securities code: 4971

https://www.mec-co.com/en/

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Q2 FYE12/2023 Key factors

1	Sales: 6,198 million yen(YOY change: Down 23.7%)
Operating income: 838 million yen(YOY change: Down 59.8%)

Exchange rate impact (YOY change)

2	Sales: Up 152 million yen,
	Operating income: Up 59 million yen.

	3	Chemicals
	Sales: 6,085 million yen (YOY change: Down 24.2%)
		Shipments: 16,055 t (YOY change: Down 30.6%)

Major products sales (YOY change)

4	V-Bond: Down 12.9%	EXE: Down 18.6%
	CZ: Down 26.0%	SF: Down 46.0%
	Financial Results Briefing for FYE Q2 12/2023	1

Exchange rate

	Initial	23Q2	22Q2	23Q1
	forecast
NTD	4.37	4.44	4.30	4.37
RMB	19.33	19.48	18.98	19.33
HKD	16.34	17.36	15.74	17.02
THB	3.69	3.95	3.64	3.90
EUR	136.04	147.00	134.52	143.34
USD	128.03	135.99	123.17	133.26

• Overseas subsidiaries are basically transactions denominated in local currency, and are affected by the yen / local currency rate when converting to yen in consolidated accounting.
• Our major foreign currencies are the Taiwan dollar (NTD) and the Chinese yuan (RMB). Both use the average rate during the period.

Exchange sensitivity	NTD: (Sale)	27	(Operating income) 14
(6 months conversion)(million yen)︓ RMB: (Sale)	9	(Operating income)	3
	Financial Results Briefing for FYE Q2 12/2023	2

Q2 FYE12/2023 Results

Unit : million yen

			Q2						Full-year
	FYE12.2022			FYE12.2023		FYE12.2022	FYE12.2023
	Results	Progress	Results		Progress	YOY		Results	(Forcast)	YOY
	ratio (%)		ratio (%)	(%)		(%)
Net sales	8,127	49.8%	6,198		45.9%	-1,929		-23.7%	16,329	13,500	-17.3%
Chemical sales	8,032	-	6,085		-	-1,947		-24.2%	16,042	-	-
Gross profit	4,919	-	3,646		-	-1,272		-25.9%	9,803	-	-
Gross profit margin	60.5%	-	58.8%		-	-		-	60.0%	-	-
SGA	2,834	-	2,807		-	-26		-1.0%	5,799	-	-
Sales ratio	34.9%	-	45.3%		-	-		-	35.5%	-	-
Operating income	2,084	52.1%	838		46.6%	-1,245		-59.8%	4,004	1,800	-55.1%
Operating profit margin	25.6%	-	13.5%		-	-		-	24.5%	-
Ordinary income	2,374	55.9%	1,003		52.8%	-1,370		-57.7%	4,246	1,900	-55.3%
Ordinary profit margin	29.2%	-	16.2%		-	-		-	26.0%	-	-
Profit before tax	2,374	-	1,548		-	-825		-34.8%	4,224	-	-
Net income	1,661	54.2%	1,076		62.2%	-584		-35.2%	3,064	1,730	-43.5%
Net income per share	87.40	-	56.79		-	-		-	161.22	91.89	-
		Financial Results Briefing for FYE Q2 12/2023			3

Net sales YOY

Million yen

８，１２７

Adhesion improves

Etching solution

Other solution

Machine sales

Material sales

Other sales

Foreign exchange

６，１９８

FYE12/'22	1,929 million yen, Down 23.7%	FYE12/'23
Q2		Q2

Financial Results Briefing for FYE Q2 12/2023

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