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FY091HIRPRSN100215E1
Copyright ©2010,ULVAC,Inc.All rights reserved
FY2009 First Half Business Result
(Year Ending June 30, 2010)
ULVAC, Inc.ULVAC, Inc.15th February 2010
Innovation begins in a vacuumInnovation begins in a vacuum【Code No:6728】
FY091HIRPRSN100215E2
Copyright ©2010,ULVAC,Inc.All rights reserved
Disclaimer regarding forward-looking statementsForward-looking statements of the company in these presentations are based on information
available at the time these documents were prepared. Ulvac’s customers in the flat-panel display (FPD), Solar cell,semiconductor, and electronic parts industries face the challenge of the rapid pace of technological advances and fierce competition. Consequently, actual earnings may vary substantially from the projections included in these presentations due to a number of factors that could cause, directly or indirectly, performance to fluctuate. The factors that could cause results to differ materially from the statements herein include the world economy; fluctuations in the exchange rate; market conditions for flat-panel displays, semiconductors, and electric devices; and trends in capital investments.
Disclaimer regarding forward-looking statementsForward-looking statements of the company in these presentations are based on information
available at the time these documents were prepared. Ulvac’s customers in the flat-panel display (FPD), Solar cell,semiconductor, and electronic parts industries face the challenge of the rapid pace of technological advances and fierce competition. Consequently, actual earnings may vary substantially from the projections included in these presentations due to a number of factors that could cause, directly or indirectly, performance to fluctuate. The factors that could cause results to differ materially from the statements herein include the world economy; fluctuations in the exchange rate; market conditions for flat-panel displays, semiconductors, and electric devices; and trends in capital investments.
Data included in the documents are stated as follows: Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen
Data included in the documents are stated as follows: Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen
FY091HIRPRSN100215E3
Copyright ©2010,ULVAC,Inc.All rights reserved
Performance Summary for the Fiscal YearEnding 2010/6 (1stHalf)
Prospects for the Fiscal Year Ending 2010/6
Business strategy
Hidenori SUWA, President and CEO
FY091HIRPRSN100215E4
Copyright ©2010,ULVAC,Inc.All rights reserved4
Summary of Business Results for 10/6 2Q (Y-T-D)
Orders received/Sales →Bottomed in the 1Q but rebounded in the 2Q.Solar cell-related: Hovered on a weak note against original
forecasts.Obtained orders mainly in Japan in the 2Q.
FPD-related: Started receiving orders from Chinese LCD manufactures against the backdrop of strong capital investment due to the special procurement from China’s policy to expand theuse of home electric appliances in rural areas.
Semiconductor(including LED)-and electronic device-related:
Orders received and sales rebounded.Profit and loss
1Q:Sales dropped and resulted in a substantial operating loss.2Q:LCD and solar cell contributed and secured operating income.
Territory-wise, Korea and China contributed. The ordinary loss amount reduced due to a foreign exchange gain.
FY091HIRPRSN100215E5
Copyright ©2010,ULVAC,Inc.All rights reserved
1,0811,157
1,000923
-3-20-31
38
-500
0
500
1,000
1,500
-100
-50
0
50
100
150
200
250
300
1H 2H 1HE 1H
Summary of 10/6 1stHalf
【Unit:100million Yen】
【Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen 】
Operating Profit
Sales
Sale and Operating Profit(By Half Year)
09/6 ‘10/6
Variance Change1,149 1,110 1,189 79 7%
(- 1%) (-3.4%) (+3.5%)
Back-log 1,642 1,193 1,3531,081 1,000 923 -77 -8%
(- 7%) (- 8%) (-14.6%)38 -31 -20 11 -
(+ 3%) ( ― ) ( ― )
Ratio 3.5% -3.1% -2.2%14 -37 -12 25 -
(- 38%) ( ― ) ( ― )
2010/6 1Hvs.PlanPlan Result
2009/61H
Net Income
Sales
OpeartingProfit
Booking
The amount of orders received exceeded the forecast due to FPD brought forward. Sales were lower than expected in PVs, used system,etc. Business results posted a substantial operating loss in the 1Q, but showed a reduced deficit thanks to FPD in the 2Q.
The amount of orders received exceeded the forecast due to FPD brought forward. Sales were lower than expected in PVs, used system,etc. Business results posted a substantial operating loss in the 1Q, but showed a reduced deficit thanks to FPD in the 2Q.
FY091HIRPRSN100215E6
Copyright ©2010,ULVAC,Inc.All rights reserved
Sales performance by segment(1st H)
【Unit:100 million Yen】
【figures indicated above are rounded off to the nearest unit and may not coincide with the total.】
Sales Vs.Forecast(Change)
793 741 -7%FPD Production
Equipment 360 347 -4% Shift to 2H for installedequipment
PV ProductionEquipment 180 163 -9% Shift from initial plan for
booking schedulleSemicondoctor & Electric
Device ProductionEquipment
105 99 -6% ー
Component 95 84 -11% Postponed capital spendingrelated c-Si Solar cells
Industrial Equipment 53 48 -10% ー
207 182 -12% -
Materials 107 101 -6% Cost pressure from customer
Others 100 81 -19% Postponed capital spendingrelated control system
Total 1,000 923 -8%
Vacuum ApplicationBusiness
Vacuum EquipmentBusiness
Factor
10/6 1HResultPlan
(Nov.12Revised)
Segment
FY091HIRPRSN100215E7
Copyright ©2010,ULVAC,Inc.All rights reserved
-80
-70
-60
-50
-40
-30
-20
-10
0
10
20
-80
-70
-60
-50
-40
-30
-20
-10
0
10
20
▲31 38
1HPlan
▲20
Analysis of Changes in Operating Income(10/6 1H)
【Unit:100million Yen】
1HResult
Operating Profit+1.1 Bill Yen
Effects of cutting SG&A expenses (up ¥0.7 billion)
Decrease in gross margin (▲ ¥8.9 billion) due to sales decline (▲ ¥1.3 billion)
Increase in gross margin (up ¥1.7 billion) due to improved profitability of 8.5G and solar cells and cost reduction
FY091HIRPRSN100215E8
Copyright ©2010,ULVAC,Inc.All rights reserved
Performance Summary for the Fiscal YearPerformance Summary for the Fiscal YearEnding 2010/6 (1Ending 2010/6 (1ststHalf)Half)
Prospects for the Fiscal Year Ending 2010/6
Business strategyBusiness strategy
Hidenori SUWA, President and CEO
FY091HIRPRSN100215E9
Copyright ©2010,ULVAC,Inc.All rights reserved9
・Manufacturers from around the world are focusing on China. Otheremerging countries are also following.
Global warming countermeasures went into full swing.
Management Environment and ULVAC’s Response
PV(Solar cell)production equipment
Inquiries are increasing, with the spread period approaching. Inquiries are increasing, with the spread period approaching.
Accelerate the development of equipment for crystal-Si, Compound such as CI(G)S, and thin-film Si to promote sales.
FPD-related production equipment
China’s Investment has increased considerably.
Demand for flat-screen TVs rebounded. New business trend consisting of Win 7, 3D TV, and electronic paper.
Inquiries about low-temperature poly silicon (LTPS) and organic EL rapidly increased.
Obtain orders steadily based on timely development
Obtain orders based on a great deal of delivery records and reliable support systems
Actively invest in all fields such as LCD, PV(solar cell), automobiles, home electric appliances and general industries
Reinforce the structure of local subsidiaries and increase orders received through quality improvements
The whole market・Risk of the world economy worsening again depending on the progress
of each country’s exit strategy・Japan’s risk of sinking into a double-dip recession due to deflation and
yen appreciation
Unpredictable management environment
Unpredictable management environment
ULVAC’s response
FY091HIRPRSN100215E10
Copyright ©2010,ULVAC,Inc.All rights reserved10
Demand for LCD increased. Raw material prices are unstable.
Materials/member
Demand in China newly increased. Establish supply chains for material business including recycling
Management Environment and ULVAC’s Response
Expect the growth of Environment-oriented Vehicles on a global basis
Expand sales of manufacturing equipment for film capacitors
General industrial equipment
Other
LED High growth in LCD backlights, illumination, etc.
Increase market shares in Japan, Taiwan, China, Korea, etc.
Semiconductor and electronic device production equipment
Memory Miniaturization Provide reliable follow-up services for existing customers
ULVAC’s response
Energy/environment sector developed.
Demand for EV infrastructure increased. Use of PV has been diversified. Fully enter into quick charge system
sector, PV/EV complex system sector, solar generator etc.
Promote to PV member business
FY091HIRPRSN100215E11
Copyright ©2010,ULVAC,Inc.All rights reserved
1,0811,157
923
1,477
76
-3
-20
38
-500
0
500
1,000
1,500
2,000
-100
-50
0
50
100
150
200
250
300
350
400
1,0811,157
923
1,477
76
-3
-20
38
-500
0
500
1,000
1,500
2,000
-100
-50
0
50
100
150
200
250
300
350
400
09/6 ‘10/61H 2H 1H 2HE
Forecast of ‘10/6 Full Year
Sale and Operating Profit(By half Year)
Operating Profit
Sales
【Unit:100million Yen】
【Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen】
1,189 2,120 1,722 +23%(+3.5%) (-41%)
Back-log 1,353 799 1,079923 2,400 2,238 +7%
(-14.6%) (-7%)
-20 56 35 +61%( ― ) (-62%)
Ratio -2.2% 2.3% 1.6%-12 11 8 +36%
( ― ) (-78%)Net Income
1HResult
vs.09/6(Cahnges)Full Year
2010/6 E
Booking
Sales
OpeartingProfit
09/6Result
1,189 2,120 1,722 +23%(+3.5%) (-41%)
Back-log 1,353 799 1,079923 2,400 2,238 +7%
(-14.6%) (-7%)
-20 56 35 +61%( ― ) (-62%)
Ratio -2.2% 2.3% 1.6%-12 11 8 +36%
( ― ) (-78%)Net Income
1HResult
vs.09/6(Cahnges)Full Year
2010/6 E
Booking
Sales
OpeartingProfit
09/6Result
EstimateEstimate
The amount of orders received are expected to exceed the forecast in the FPD, semiconductor, and electronics sectors, while the recovery of PV sector is expected to lag. As for sales, sluggish sales of PVs are expected to be offset by the sales of FPD and semiconductors/electronics. As for business results, FPD and semiconductors/electronics are estimated to contribute, and Korea and China are expected to contribute in terms of territory.
The amount of orders received are expected to exceed the forecast in the FPD, semiconductor, and electronics sectors, while the recovery of PV sector is expected to lag. As for sales, sluggish sales of PVs are expected to be offset by the sales of FPD and semiconductors/electronics. As for business results, FPD and semiconductors/electronics are estimated to contribute, and Korea and China are expected to contribute in terms of territory.
FY091HIRPRSN100215E12
Copyright ©2010,ULVAC,Inc.All rights reserved
412
216
281
168
133
95
104
106
50
85
99
126
134
110
1H 2HE
412
216
281
168
133
95
104
106
50
85
99
126
134
110
1H 2HE
429559 547
630 628 638
829
325
561
1,221
634
217
88
135 121112 130
178
207
179
153
96
76
57
109
121 130127 137
142
140
126
138 111
68
69
55 7171 89
103
105
119
101
103
71
65
97
144 114139
139
176
171
166
209257
167
147
202
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
429559 547
630 628 638
829
325
561
1,221
634
217
88
135 121112 130
178
207
179
153
96
76
57
109
121 130127 137
142
140
126
138 111
68
69
55 7171 89
103
105
119
101
103
71
65
97
144 114139
139
176
171
166
209257
167
147
202
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display and Electronic Device Production Equipment
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display and Electronic Device Production Equipment
Transition of Orders received by segment・Estimate
EstimateEstimate
【Unit:100 million Yen】
【Figures are rounded off to the first decimal place】
04/6 05/6 06/6 07/6 08/6 09/6 ’10/6E
Other Material Industrial Equipment Component Semiconductor & Electronic Device Production Equipment PV Production Equipment FPD Production Equipment
Other Material Industrial Equipment Component Semiconductor & Electronic Device Production Equipment PV Production Equipment FPD Production Equipment Business segment and sub-segment changed from FY2009(June 2010).
VacuumEquipmentBusiness
VacuumApplicationBusiness
FY091HIRPRSN100215E13
Copyright ©2010,ULVAC,Inc.All rights reserved
347
575
163
326
99
106
84
105
48
81
101
126
157
81
1H 2HE
347
575
163
326
99
106
84
105
48
81
101
126
157
81
1H 2HE
03/6 04/6 05/6 06/6 07/6 08/6 09/6 ’10/6E
211370 355
449 515 565482
619 655551 583
689540
744
58
123 97
104118
129136
143177
205 185135
89
52
81
100101
109
129122
135
141129
142 128
122
91
48
6251
7350
7865
91100
107 77105
80
65
104
118106
133121
143140
173152
173 194
250
205
102
214
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
211370 355
449 515 565482
619 655551 583
689540
744
58
123 97
104118
129136
143177
205 185135
89
52
81
100101
109
129122
135
141129
142 128
122
91
48
6251
7350
7865
91100
107 77105
80
65
104
118106
133121
143140
173152
173 194
250
205
102
214
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H
Transition of Net Sales by Segment・Estimate
【Figures are rounded off to the first decimal place】
EstimateEstimate
【Unit:100 million Yen】 Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display and Electronic Device Production Equipment
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display and Electronic Device Production Equipment
Other Material Industrial Equipment Component Semiconductor & Electronic Device Production Equipment PV Production Equipment FPD Production Equipment
Other Material Industrial Equipment Component Semiconductor & Electronic Device Production Equipment PV Production Equipment FPD Production Equipment
Business segment and sub-segment changed from FY2009(June 2010).
VacuumEquipmentBusiness
VacuumApplicationBusiness
FY091HIRPRSN100215E14
Copyright ©2010,ULVAC,Inc.All rights reserved
14.4
5.2
17.816.4 20.6
19.6
18.221.6
19.6
16.821.8
20.6 19.618.6
18.2
20.517.8
15.1 16.8
5.3
-2.1 -3.1
8.1
3.5
6.98.5
6.9
3.3
10.0 8.85.1
3.2 4.3 3.5
-0.2
-2.2-5
0
5
10
15
20
25
14.4
5.2
17.816.4 20.6
19.6
18.221.6
19.6
16.821.8
20.6 19.618.6
18.2
20.517.8
15.1 16.8
5.3
-2.1 -3.1
8.1
3.5
6.98.5
6.9
3.3
10.0 8.85.1
3.2 4.3 3.5
-0.2
-2.2-5
0
5
10
15
20
25
16.218.9 19.0
20.7 19.6 19.4 19.117.7 17.4
7.8 7.0 6.9
3.81.6 2.33.71.8
5.4
0
5
10
15
20
25
16.218.9 19.0
20.7 19.6 19.4 19.117.7 17.4
7.8 7.0 6.9
3.81.6 2.33.71.8
5.4
0
5
10
15
20
25
【Unit:%】
【Unit:%】
Outlook for profitability・EstimateHalf year basisHalf year basis
Full year basisFull year basisEstimateEstimate
EstimateEstimate
Gross profit marginGross profit margin
Operating profit marginOperating profit margin
Gross profit marginGross profit margin
Operating profit marginOperating profit margin
【Figures are rounded off to the first decimal place】
02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E
02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E
Forecast for June 2010Earnings will improve in the latter half and recover in the full fiscal year.Factors improving earnings for the latter halfIncrease in sales due to recovery in orders received for LCDIncrease in profit due to increased sales of semiconductorsSharp increase in sales due to recovery of PV (solar cell)-related products shipped for Japan
Forecast for June 2010Earnings will improve in the latter half and recover in the full fiscal year.Factors improving earnings for the latter halfIncrease in sales due to recovery in orders received for LCDIncrease in profit due to increased sales of semiconductorsSharp increase in sales due to recovery of PV (solar cell)-related products shipped for Japan
FY091HIRPRSN100215E15
Copyright ©2010,ULVAC,Inc.All rights reserved
122
57
141
1098075
6152464437
123
0
100
200
300
400
Depreciation ExpendituresBuilding etcR&D Equipment
122
57
141
1098075
6152464437
123
0
100
200
300
400
Depreciation ExpendituresBuilding etcR&D Equipment
321
172
9175111126
167
234
01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 Plan 1H Full Year
219196
10/6E
Transition of Capital Investments and Depreciation Expenditures・Estimate
EstimateEstimate【Unit:100 million Yen】
Total Capital Investment
【 Fractional portion of figures are rounded off to the nearest integer】
42
Full Year
190
FY091HIRPRSN100215E16
Copyright ©2010,ULVAC,Inc.All rights reserved
37
8587838689
7165
5144 48
63
50
0
20
40
60
80
100
120
37
8587838689
7165
5144 48
63
50
0
20
40
60
80
100
120
00/6 01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 1H Full Year
‘10/6E
Plan
Transition of R&D Expenditures・Estimate
EstimateEstimate
【 Fractional portion of figures are rounded off to the nearest integer】
【Unit:100 million Yen】
Full Year
FY091HIRPRSN100215E17
Copyright ©2010,ULVAC,Inc.All rights reserved
1,361 1,349
583
843 867
1,096
810841828903 880
981
21.6%
42.8%
26.6% 28.6%
44.1%35.4%
26.5%26.4%
28.4% 29.1%30.7%
31.6%
0
200
400
600
800
1,000
1,200
1,400
0%
20%
40%
60%
80%
100%1,361 1,349
583
843 867
1,096
810841828903 880
981
21.6%
42.8%
26.6% 28.6%
44.1%35.4%
26.5%26.4%
28.4% 29.1%30.7%
31.6%
0
200
400
600
800
1,000
1,200
1,400
0%
20%
40%
60%
80%
100%
02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6 10/6E
-319
440
11
321
18986 109
-213-183-269 -259
-141-63
-186-127
-459
-257
61 466
254
-600
-400
-200
0
200
400
600
-319
440
11
321
18986 109
-213-183-269 -259
-141-63
-186-127
-459
-257
61 466
254
-600
-400
-200
0
200
400
600
FCFFCF
【 Fractional portion of figuresare rounded off to thenearest integer】
【Unit:100 million Yen】
【Unit:100 million Yen】
Cash flows from Cash flows from operating activitiesoperating activities
Cash flows from Cash flows from investing activitiesinvesting activities
EstimateEstimate
Liabilities with Liabilities with interestsinterests
ShareholdersShareholders’’equityequity
The degree of The degree of debt existingdebt existing
ShareholdersShareholders’’ equity ratio equity ratio
Cash Flow and Liabilities with Interests・Estimate
In order to Implement growth strategic investment,provided for the financing by public offering on Jan.7th,2010
(14.8 bill Yen)
In order to Implement growth strategic investment,provided for the financing by public offering on Jan.7th,2010
(14.8 bill Yen)
2Q
FY091HIRPRSN100215E18
Copyright ©2010,ULVAC,Inc.All rights reserved
Performance Summary for the Fiscal YearPerformance Summary for the Fiscal YearEnding 2010/6 (1Ending 2010/6 (1ststHalf)Half)
Prospects for the Fiscal Year Ending 2010/6Prospects for the Fiscal Year Ending 2010/6
Business strategy
Hidenori SUWA, President and CEO
FY091HIRPRSN100215E19
Copyright ©2010,ULVAC,Inc.All rights reserved19
Funds procured by capital increase(Jan.2010) Approx. ¥14.7 billion(*) Purpose:Expansion of PV business, Material business and the business in China
Energy/Environment-related ¥8.2 billion・R&D of solar cell-related equipment (¥7.1 billion) ・R&D of environment-oriented vehicles and secondary
battery-related equipment (¥1.1 billion)
Resource/Materials business-related¥4.1 billion ・Capital investment for the Kagoshima Plant(¥1.6 billion)
(Target materials for PV and large-screen displays)・Research & development(New products, performance upgrade,
recycling method, etc.)(¥2.5 billion)
Investment in China ¥1.1 billion・China: Capital contribution to ULVAC (Suzhou) Co., Ltd. (¥500 million)(Funds for plant expansion to produce LED manufacturing equipment)
・Repayment of the loan for the funds to establish a R&D company(¥600 million) (Improvement of the reliability, sales support, etc.,
of the LED production equipment produced in China)
Other ¥1.3 billion ・Research and development of LED production equipment(¥800 million) ・Repayment of loans(¥500 million)
Capital Increase(Purpose of Funds/Classification by Theme)
(*)General public offering; Approximate amount of issuing costs is discounted.
Improvement of power generation efficiency and reduction of thin film Solar cell in unit price per watt
Improvement of power generation efficiency and reduction of thin film Solar cell in unit price per watt
Synergy effect of materials and equipment as a perfect combination Synergy effect of materials and equipment as a perfect combination
Acceleration of the business in ChinaAcceleration of the business in China
FY091HIRPRSN100215E20
Copyright ©2010,ULVAC,Inc.All rights reserved
Develop the tandem-type turnkey equipmentcapable of improving both power generation efficiency and generation costs by means of thin-film Si solar cells, and start selling them. Aim to further improve power generation efficiency.
Set up the Solar Cell Evaluation Center jointlywith TUV Rheinland.Not only the seamless equipment but also the certification and salesof parts are possible. Aim to expand the solar cell-related business.
Commercialize the charge system that combines the photovoltaic power generationequipment and the quick charger for electricvehicles (EV). Implement active sales expansion both inside and outside Japan.
Energy and environment
Solar Cell-related Development
Solar Cell Evaluation Center
CVD equipment for microcrystal silicon
Quick charge system set up at Chigasaki Head Office/Plant
FY091HIRPRSN100215E21
Copyright ©2010,ULVAC,Inc.All rights reserved
Solar cells(Roof-top)
Power supply
LCD Monitor
Data control
Temperature indicator
Actinometer
Grid connection
Large size monitorNormal type AC100V/AC200VCharger
Distribution Panel100V/200V
ULVACEV-QUICK CHARGER
ULVAC
取扱い注意ご使用の際はカバーを空けた後、ケーブルをEV充電部に差し込み、固定されたことを確認した後、操作画面で操作してく
ださい。
ULVAC
取扱い注意ご使用の際はカバーを空けた
後、ケーブルをEV充電部に差し込み、固定されたことを確認
した後、操作画面で操作してください。
Data communication
Energy and environment
Quick charger
Power conditioner
Photovoltaic Power Generation+EV Charge System Architecture
FY091HIRPRSN100215E22
Copyright ©2010,ULVAC,Inc.All rights reserved
Surface TreatmentParts Cleaning
Capex Plan for Material Business
Customer
MineMine Primary refining
PrimaryPrimary refiningrefining
Powdercompound
Forming
(Drying)
Sintering
Com
pound
・Oxide
・
Refractory m
etal
Pure Metal
・AlloyPurification
Ingot casting
Forging/Rolling
Heat Treatment
mechanical processing
Bonding
Quality Inspection
Used targetShield Plate
RecycleCollection/Recycle
Secondaryrefining
SecondarySecondaryrefiningrefining
residual dross
DepositionDepositionRecycled Recycled shield plateshield plate
Resource・Material Related business
FY091HIRPRSN100215E23
Copyright ©2010,ULVAC,Inc.All rights reserved
Growth of the business in China(04/6→09/6)Promote business expansion(3 companies→15 companies)Sales increased(¥4.7 billion→¥21.2 billion)
Further expansionExpand the plant of ULVAC (SUZHOU)Co.,Ltd to increase production of LEDproduction equipment
Established ULVAC Research CenterSUZHOU Co.,Ltd o develop LED production equipment
Promote material business through ULVAC Materials Suzhou
Sales trend in China
Investment in China
Accelerate the Expansion in the Growing Chinese Market
FY091HIRPRSN100215E24
Copyright ©2010,ULVAC,Inc.All rights reserved
Innovation beginsin a vacuum
FY091HIRPRSN100215E25
Copyright ©2010,ULVAC,Inc.All rights reserved
Balance Sheet(Assets)【Unit:100million Yen】
【Figures included in the balance sheet are rounded off to the nearest unit and may not coincide with the total.】
09/6 1H 09/6 10/6 1H Changes
Current Assets 2,278 1,993 1,890 △ 103Fixed Assets 1,214 1,188 1,169 △ 18Property, plant andequipment 1,000 965 932 △ 34Intangible assets 37 38 45 6Investments 176 184 193 9Total assets 3,492 3,181 3,060 △ 121
Assets:Down 12.1 Bill YenCurrent Assets:Down 10.3Bill Yen
Notes and accounts receivable,tradeUp 3.2Bill Yen(Due to increase sales)
Inventories Down 12.0Bill Yen(Due to increase sales)
Fixed Assets:Down 1.8Bill Yen Property, plant and equipment
Down 3.4Bill Yen(Due to depreciation)
AssetsAssets::Down 12.1 Bill YenDown 12.1 Bill YenCurrent AssetsCurrent Assets::Down 10.3Bill YenDown 10.3Bill Yen
Notes and accounts receivable,tradeNotes and accounts receivable,tradeUp 3.2Bill YenUp 3.2Bill Yen((Due to increase salesDue to increase sales))
InventoriesInventories Down 12.0Bill YenDown 12.0Bill Yen((Due to increase salesDue to increase sales))
Fixed AssetsFixed Assets::Down 1.8Bill YenDown 1.8Bill Yen Property, plant and equipmentProperty, plant and equipment
Down 3.4Bill YenDown 3.4Bill Yen((Due to depreciationDue to depreciation) )
AppendixAppendix
FY091HIRPRSN100215E26
Copyright ©2010,ULVAC,Inc.All rights reserved
Balance Sheet(Liabilities and Net assets)【Unit:100million Yen】
【Figures included in the balance sheet are rounded off to the nearest unit and may not coincide with the total.】
09/6 1H 09/6 10/6 1H Changes(Liabilities)Current liabilities 2,013 1,518 1,435 △ 83Fixed liabilities 567 762 768 7Total liabilities 2,581 2,279 2,203 △ 76(Net assets)Total net assets 911 902 857 △ 45Total liabilities andnet assets 3,492 3,181 3,060 △ 121
Liabilities : Down 7.6Bill Yen Notes and accounts payable,trade
Down 5.1Bill Yen(Due to decrease Orders)Short-term borrowing Down 4.6Bill Yen(Due to an decrease in
working capital) Net assets: Down 4.5Bill Yen
Net income 1.2 Bill Yen booked Valuation/conversion difference,etc Down 0.7 Bill Yen
(Due to decreased by foreign exchange of subsidiaries )Minority interests Down 1.3Billion Yen
LiabilitiesLiabilities : : Down 7.6Bill YenDown 7.6Bill Yen Notes and accounts payable,tradeNotes and accounts payable,trade
Down 5.1Bill YenDown 5.1Bill Yen((Due to decrease OrdersDue to decrease Orders))ShortShort--term borrowingterm borrowing Down 4.6Bill YenDown 4.6Bill Yen((Due to an decrease inDue to an decrease in
working capitalworking capital) )
Net assetsNet assets:: Down 4.5Bill YenDown 4.5Bill YenNet incomeNet income 1.2 Bill Yen booked1.2 Bill Yen booked Valuation/conversion difference,etcValuation/conversion difference,etc Down 0.7 Bill Yen Down 0.7 Bill Yen
((Due to decreased by foreign exchange of subsidiaries Due to decreased by foreign exchange of subsidiaries ))Minority interestsMinority interests Down 1.3Billion YenDown 1.3Billion Yen
AppendixAppendix
FY091HIRPRSN100215E27
Copyright ©2010,ULVAC,Inc.All rights reserved
(Suzhou )
New Chiba Institute for Super materials
(Tomisato,Chiba)
Start construction in July 2009,Will start operation in Mar.2010
Main New Plants and New Bases(’10/6)AppendixAppendix
ChinaChina JapanJapan
New Customers Support Center
(Hashimoto,Wakayama)
Started operation inNov.2009
New plant constructionPlant expansionNew customers support base
ULVAC Materials Suzhou
Started construction in Oct. 2009,Will start operation in July 2010
Established ULVAC Research CenterSUZHOU Co.,Ltd
ULVAC (SUZHOU)Co.,Ltd Expansion Plant (Phase3)
Started construction in Jan.2010 Will start operation in Sept.2010
Established in Dec.2009 Will start operation in Sept.2010
FY091HIRPRSN100215E28
Copyright ©2010,ULVAC,Inc.All rights reserved
1,149
573
1,189931
791
991983
1,0791,122
1,2371,452 1,769
915
1,162
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
1,149
573
1,189931
791
991983
1,0791,122
1,2371,452 1,769
915
1,162
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
Transition of Orders received・Estimate【Unit:100 million Yen】
01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E
EstimateEstimate
AppendixAppendix
【Figures are rounded off to the first decimal place】
FY091HIRPRSN100215E29
Copyright ©2010,ULVAC,Inc.All rights reserved
922
1,4561,642
1,079
1,353
8071,2041,192
1,111874820695
1,160
1,710
0
500
1,000
1,500
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
922
1,4561,642
1,079
1,353
8071,2041,192
1,111874820695
1,160
1,710
0
500
1,000
1,500
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
Transition of Orders Backlogs・Estimate【Unit:100 million Yen】
【Figures are rounded off to the first decimal place】
EstimateEstimate
01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E
AppendixAppendix
FY091HIRPRSN100215E30
Copyright ©2010,ULVAC,Inc.All rights reserved
711868 933
1,167 1,0811,157923
1,477
1,167
9581,036
1,2131,178
1,245
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
711868 933
1,167 1,0811,157923
1,477
1,167
9581,036
1,2131,178
1,245
0
500
1,000
1,500
2,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E
Transition of Net Sales・Estimate AppendixAppendix
EstimateEstimate【Unit:100 million Yen】
【Figures are rounded off to the first decimal place】
FY091HIRPRSN100215E31
Copyright ©2010,ULVAC,Inc.All rights reserved
0
500
1,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0
500
1,000
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
Transition of Flat Panel Display and PV Production Equipment
SalesOrder Received
Next generation display
Next generation display
Current order outlook:For LCD,Capital spending restarted mainly South Korea,China and Taiwan.Growing inquiry for Organic LEDs and LTPSs(Low Temp. Poly Silicon)LCD equipment.Growing orders mainly Japanese Solar companies.Other nations in Asia may wait and see
Current order outlook:For LCD,Capital spending restarted mainly South Korea,China and Taiwan.Growing inquiry for Organic LEDs and LTPSs(Low Temp. Poly Silicon)LCD equipment.Growing orders mainly Japanese Solar companies.Other nations in Asia may wait and see
EstimateEstimate
【Unit:100 million Yen】
Plasma displayPlasma display
Solar cellsSolar cells
LCDLCD
10/6E06/6 07/6 08/6 09/6 06/6 07/6 08/6 09/610/6E
EstimateEstimate
AppendixAppendix
FY091HIRPRSN100215E32
Copyright ©2010,ULVAC,Inc.All rights reserved
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0
100
200
300
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0
100
200
300
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
Transition ofSemiconductor and Electronic Device Production Equipment
SalesOrder Received
SputteringequipmentSputteringequipment
EstimateEstimate
【Unit:100 million Yen】
Current order outlookDue to miniaturization, growing order of DRAM and Flash memories in Taiwan and South Korea.
Growing inquiry for LED related in Japan ,South Korea,Taiwan,China.
Current order outlookDue to miniaturization, growing order of DRAM and Flash memories in Taiwan and South Korea.
Growing inquiry for LED related in Japan ,South Korea,Taiwan,China.
Etching equipment etc
Etching equipment etc
AppendixAppendix
10/6E06/6 07/6 08/6 09/6 06/6 07/6 08/6 09/6 10/6E
EstimateEstimate
Electronic DeviceProduction Equipment
Electronic DeviceProduction Equipment
FY091HIRPRSN100215E33
Copyright ©2010,ULVAC,Inc.All rights reserved
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0
100
200
300
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0
100
200
300
1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
Transition of Vacuum Application Businesses
SalesOrder Received
TargetmaterialsTarget
materials
Surfaceanalyzing
instruments/control unit
Surfaceanalyzing
instruments/control unit
EstimateEstimate
【Unit:100 million Yen】
Coating business and
others
Coating business and
others
AppendixAppendix
EstimateEstimate
10/6E06/6 07/6 08/6 09/6 06/6 07/6 08/6 09/6 10/6ECurrent order outlook
For LCD related,improve operating rate with the sputtering target business recovering.South Korea ,Taiwan and China are expected.Growing orders of used machine business bound for China are expected.
Current order outlookFor LCD related,improve operating rate with the sputtering target business recovering.South Korea ,Taiwan and China are expected.Growing orders of used machine business bound for China are expected.
FY091HIRPRSN100215E34
Copyright ©2010,ULVAC,Inc.All rights reserved
0%
20%
40%
60%
80%
100%
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0%
20%
40%
60%
80%
100%
1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE
Transition of generations of LCD production equipment
【Based on ULVAC’s sales】
05/6 06/6
Below G5(LTPS etc)
07/6 08/6
G5(G5、G5.5)
G6
Beyond G8(G8,G8.5 etc)
09/6
G7(G7、G7.5)
EstimateEstimate
AppendixAppendix
10/6E
FY091HIRPRSN100215E35
Copyright ©2010,ULVAC,Inc.All rights reserved
160253
35
246
42
90
41
63
26
23
50
4955
56
0
500
1,000
160253
35
246
42
90
41
63
26
23
50
4955
56
0
500
1,000
412
281
133
1045099110
0
500
1,000
1,500
412
281
133
1045099110
0
500
1,000
1,500
634
7611171
257
0
500
1,000
1,500
634
7611171
257
0
500
1,000
1,500【Unit:100 million Yen】
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display and Electric
Device productionEquipment
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display and Electric
Device productionEquipment
Other Material Industrial Equipment Component Semiconductor &
Electric Device Production Equipment
PV Production Equipment FPD Production Equipment
Other Material Industrial Equipment Component Semiconductor &
Electric Device Production Equipment
PV Production Equipment FPD Production Equipment
Order received by Segment AppendixAppendix
Order % Order %892 78% 980 82%
FPD production equipment 412 35%PV production equipment 281 24%
SemiconductorProduction Equipment 76 7% Semiconductor and Electric
device Production Equipment 133 11%
Component 111 10% Component 104 9%Other 71 6% Industrial Equipment 50 4%
209 18%Materials 99 8%
Other 110 9%Total 1,149 100% Total 1,189 100%
Other Business 257 22%Vacuum Application Business
Vacuum Equipment BusinessDisplay and ElectricDevice Production
Equipment634 55%
Vacuum Related Business
09/6 1H 10/6 1HSegmant SegmentOrder % Order %
892 78% 980 82%FPD production equipment 412 35%PV production equipment 281 24%
SemiconductorProduction Equipment 76 7% Semiconductor and Electric
device Production Equipment 133 11%
Component 111 10% Component 104 9%Other 71 6% Industrial Equipment 50 4%
209 18%Materials 99 8%
Other 110 9%Total 1,149 100% Total 1,189 100%
Other Business 257 22%Vacuum Application Business
Vacuum Equipment BusinessDisplay and ElectricDevice Production
Equipment634 55%
Vacuum Related Business
09/6 1H 10/6 1HSegmant Segment
(Note)1)Business segment and sub-segment changed from FY2009(June 2010).2)Figures indicated above are rounded off to the nearest unit and may not coincide with the total.
June 20101st H
June 20101Q 2Q
June 20091st H
Order % Order %305 74% 675 87%160 39% 253 32%
35 9% 246 32%
42 10% 90 12%
41 10% 63 8%26 6% 23 3%
106 26% 104 13%50 12% 49 6%56 14% 55 7%
411 100% 779 100%
2Q1QOrder % Order %
305 74% 675 87%160 39% 253 32%
35 9% 246 32%
42 10% 90 12%
41 10% 63 8%26 6% 23 3%
106 26% 104 13%50 12% 49 6%56 14% 55 7%
411 100% 779 100%
2Q1Q
FY091HIRPRSN100215E36
Copyright ©2010,ULVAC,Inc.All rights reserved
157 189
23
140
28
71
23
61
19
28
49
5244
36
0
500
1,000
157 189
23
140
28
71
23
61
19
28
49
5244
36
0
500
1,000
347
163
99844810181
0
500
1,000
1,500
347
163
99844810181
0
500
1,000
1,500
540
8912280
250
0
500
1,000
1,500
540
8912280
250
0
500
1,000
1,500
(Note)1)Business segment and sub-segment changed from FY2009(June 2010).2)Figures indicated above are rounded off to the nearest unit and may not coincide with the total.
【Unit:100 million Yen】
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display & Electronic Device Production
Equipment
Other Business Others(vacuum-related) Component Semiconductor Production Equipment Display & Electronic Device Production
Equipment
OtherMaterial Industrial EquipmentComponent
Semiconductor & Electronic Device Production EquipmentPV Production EquipmentFPD Production Equipment
OtherMaterial Industrial EquipmentComponent
Semiconductor & Electronic Device Production EquipmentPV Production EquipmentFPD Production Equipment
Net Sales by Segment AppendixAppendix
June 20101st H
June 20101Q 2QJune 2009
1st H
Sales % Sales %831 77% 741 80%
FPD productionequipment 347 38%
PV productionequipment 163 18%
SemiconductorProduction Equipment 89 8%
Semiconductor andElectronic device
Production Equipment99 11%
Component 122 11% Component 84 9%Other 80 7% Industrial Equipment 48 5%
182 20%Materials 101 11%
Other 81 9%Total 1,081 100% Total 923 100%
Other Business 250 23%Vacuum Application
Vacuum Equipment Business
Display and ElectronicDevice Production
Equipment540 50%
Vacuum Related Business
09/6 1H 10/6 1HSegmant SegmentSales % Sales %
831 77% 741 80%FPD production
equipment 347 38%PV production
equipment 163 18%
SemiconductorProduction Equipment 89 8%
Semiconductor andElectronic device
Production Equipment99 11%
Component 122 11% Component 84 9%Other 80 7% Industrial Equipment 48 5%
182 20%Materials 101 11%
Other 81 9%Total 1,081 100% Total 923 100%
Other Business 250 23%Vacuum Application
Vacuum Equipment Business
Display and ElectronicDevice Production
Equipment540 50%
Vacuum Related Business
09/6 1H 10/6 1HSegmant Segment Sales % Sales %
251 75% 490 83%
157 47% 189 32%
23 7% 140 24%
28 8% 71 12%
23 7% 61 10%19 6% 28 5%
85 25% 97 17%49 14% 52 9%36 11% 44 8%
336 100% 586 100%
1Q 2QSales % Sales %251 75% 490 83%
157 47% 189 32%
23 7% 140 24%
28 8% 71 12%
23 7% 61 10%19 6% 28 5%
85 25% 97 17%49 14% 52 9%36 11% 44 8%
336 100% 586 100%
1Q 2Q
FY091HIRPRSN100215E37
Copyright ©2010,ULVAC,Inc.All rights reserved
OtherAsia4%
Europe&N.America
3%
Japan45%
China19%
Taiwan13%
Korea16%
OtherAsia2%
Europe&N.America
3%
China6%
Korea17%
Japan43%
Taiwan29%
Transition of Net Sales Percentage by Geographical Area
1,081332460
184316464
09/6 1H
1,167381147
182182707
08/6 1H
9232634
176149123415
10/6 1H
TotalEurope&N.America
Other AsiaChinaKoreaTaiwanJapanRegion
08/6 1H 09/6 1H
【Unit:100 million Yen】
【Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit afterbeing determined in millions of yen】
Japan60%
Taiwan16%
Korea16%
China4%
OtherAsia1%
Europe&N.America
3%
10/6 1H
AppendixAppendix
Europe&N.America
3%
FY091HIRPRSN100215E38
Copyright ©2010,ULVAC,Inc.All rights reserved
0
5,000
10,000
15,000
20,000
25,000
30,000
93 94 95 96 97 98 99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11-60%
-40%
-20%
0%
20%
40%
60%
80%
0
5,000
10,000
15,000
20,000
25,000
30,000
93 94 95 96 97 98 99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11-60%
-40%
-20%
0%
20%
40%
60%
80%
Reference dataReference data
Outlook of Semiconductor and FPD production equipment<Sales projections of production equipment made in Japan>
FPD production equipmentFPD production equipmentFPD production equipment
Semiconductor production equipmentSemiconductor production equipment Estimate
(Sales: Sales of Japanese manufacturers (including overseas bases) in Japan and abroad)
Grow
th rate from the preceding year
Sales
【Unit:100 million Yen】
【Source: Jan 2010 SEAJ】
FY091HIRPRSN100215E39
Copyright ©2010,ULVAC,Inc.All rights reserved
Innovation beginsin a vacuum
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