IBIDEN posted better interim results with investment plan to grow further

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On October 31, IBIDEN announced its consolidated financial results for April-September 2019 period.
IBIDEN posted better interim results with investment plan to grow further

Ordinary income was 8 billion yen, an increase of 8% year-on-year.

Sales increased by 0.1% to 144.3 billion yen.

Strong demand for IC package substrates for servers used in data centers has led to the sales increase compared to the same period of the previous year.

The increasing data processing volume accompanying the advancement of ICT in addition to recovering personal computer market contributed to make this backdrop.

As a result, operating profit of the electronic business division increased approximately 5.4 times.

On the other hand, sales of Diesel Particulate Filters (DPF), one of the company's main products, decreased from the same period of the previous year due to the impact of a drop in the ratio of diesel passenger cars, mainly in the European market.

For this reason, the company plans to increase its share in the DPF market for large vehicles in emerging countries, which is expected to grow further because of the tightening exhaust gas regulations.

The forecast for the full year ending on March 2020 has remained unchanged. Sales are estimated to be 300 billion yen, up 3% from the previous year, and net income is forecasted to increase 2.1 times to 7 billion yen.
IBIDEN posted better interim results with investment plan to grow further
IBIDEN posted better interim results with investment plan to grow further

The company is aiming to expand further its production system for growing electronic business with investment of a record 90 billion yen in this fiscal year.

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