表示问&A

Last Updated: May 7, 2024

(2024年4月26日)

Presentation of Financial Results and the FY2024 Management Plan

关于HPP公司

  • *HPP Company: High Performance Plastics Company
Q
As far as the 电子产品 field is concerned, 除了先进半导体以外,半导体相关行业几乎没有增长. What products do you plan to expand?
A

作为先进半导体的工艺材料,高附着力可释放带具有明显的优势,并且在功率半导体中也得到了积极的应用. 除了, MLCC inventory adjustments have largely run their course, 在智能手机和汽车应用领域,粘合剂树脂的发展趋势基本上正在恢复正常. These products will drive growth in the non-LCD field.

Q
What can you tell us about other products in the non-LCD field?
A

(Shimizu) Biotape sales grew roughly 10-15% from FY2022 and over FY2023. We will also work to secure growth in FY2024. 2023财年,由于半导体业务的复苏极其缓慢,电介质薄膜的销售举步维艰, 十大赌博娱乐平台将注重与多个客户的紧密配合,努力在未来稳步扩大销售.

Q
转到移动性领域,您能详细说明N-HPP的修订定义吗?
A

(Shimizu)隔声膜已被排除在常规高性能层间膜之外,并将继续发展, new high-performance products will comprise all other HUD, 隔热, and colored/designed films.

Q
尽管HUD薄膜在2023财年增长可观,但预计2024财年的增长将很小. 是否可以认为这仅仅反映了配备hud的车型的销售趋势,而不是中长期增长潜力疲软?
A

(Kato)完全. We see no change in medium- to long-term growth potential. Compared with our original medium- to long-term forecasts, while we are seeing a partial shift in EVs to hybrid vehicles, demand for the same design features as EVs is strong. Accordingly, we expect little or no impact in overall terms.

Q
Are there any regional characteristics to this growth?
A

(Shimizu) While all regions are growing, we believe that 中国, with its large number of EVs, and 欧洲 will be the mainstay markets for the foreseeable future.

Q
有报道称,中国和欧洲在短期内有些挣扎. What sense do you get as you go about your business activities?
A

(Shimizu) While there were just over 9 million to 9.2022财年全球电动汽车产量为500万辆,这一水平在2023财年已超过1200万辆. Although there is talk of a slowdown in the EV market, 十大赌博娱乐平台认识到,生产水平比原先预测的1 300万下降了不到100万. 随着玻璃规格的扩大,防止屋顶压力过大, 十大赌博娱乐平台目睹了该公司中间层薄膜的使用大幅增加.

Q
Regarding the increase in fixed costs, 您是否可以向十大赌博娱乐平台提供除了演示材料中概述的人力资本投资之外,与增长准备和加强业务基础相关的支出的具体细节.
A

(Shimizu)由于人员增加而增加的增量约为1日元.5 billion,in addition to the ¥4.4 billion in salary and wages growth. 增量折旧和摊销费用约为10亿元. Outlays related to preparations for growth total ¥2.5 to ¥3 billion to bolster development and marketing. To strengthen its business foundation, 公司计划花费约20亿日元用于设施维护, including disaster prevention and safety. 这一细分总额约为70亿日元,不属于十大赌博娱乐平台的人力资本投资. 不过,支出的增量增长将坚决与利润保持一致.

About the 住房 Company

Q
就2024财年按建造类型划分的订单数量计划而言, 新建筑按年增长105%(土地客户安排)与, recovery in the number of visitors, and the introduction of new products, and the degree of certainty?
A

(吉田)尽管105%看起来很高,但与2022财年相比仍然很低. 如果趋势保持在与2023财年第四季度相同的水平,这是一个可以实现的计划. 旨在加强盈利能力的措施所产生的利润的一部分将分配给产品和销售战略. 例如, 拨款将用于开发满足每个地区需求的产品和价格措施. 这包括郊区的单层住宅和公寓楼, 以及城市三层住宅、公寓楼等高端产品, where there is strong demand, especially in the Tokyo metropolitan area. Allocations will also be made in the form of sales promotion investment, including exhibition renovation, with the aim of increasing housing orders.
2023财年第四季度,展会参观人数已恢复至上年水平的106%. We believe this will directly lead to orders in FY2024.

Q
Under the Medium-term Management Plan, you are targeting operating profit target of ¥40 billion in FY2025. Are current measures online? Will additional measures still be needed next year?
A

(吉田)目前,正在努力执行旨在加强盈利能力的措施.
距离中期管理计划中400亿日元的营业利润目标还有一段距离. At this point, we are aiming for ¥40 billion with a one-year delay.

About Group-wide Profit Plans, Capital Allocation, etc.

Q
How accurate is the FY2024 plan?
A

(加藤)鉴于对十大赌博娱乐平台自己的市场预测所采取的略微严格的观点, the Plan is conservative in overall terms. 十大赌博娱乐平台考虑了对日元升值风险的缓冲.

Q
从中期管理计划的进展来看,战略投资为22日元.2022财年为1000亿美元. This appears low compared with the limit set under the Plan. Can you tell us how investments are progressing?
A

(Kato) There has been little progress against the M&一个等. limit of ¥300 billion. 尽管计划在三年内平均每年投入500亿日元,但总资本支出为1500亿日元, 由于市场复苏缓慢,一些项目被推迟到2024财年及以后. 十大赌博娱乐平台预计市场将逐步复苏,特别是从2024财年下半年开始,并打算稳步参与几个项目, encompassing various endeavors, including growth projects and capacity expansion.

Q
Where will you allocate fund not applied to strategic investments?
A

(西田)在中期管理计划结束时,投资限额仍有大量未使用的情况, we will consider various options, including additional returns to shareholders, depending on such wide-ranging factors as the share price at that time.

Q
公司计划将2024财年的股息提高每股1日元. 在目前的利润水平持续的情况下,是否还有提高股东回报的空间?
A

(Nishida) As far as dividends are concerned, the Company has committed to a dividend payout ratio of 40% or higher. In the event of an upside swing in its bottom line, 公司将采取措施明确增加相当于40%比率的股息,并确保总回报率达到50%或更高. Our policy is to also provide additional returns, including the acquisition of treasury shares, taking into account the Company’s cash position and stock price.