25. October. 2005

First-Half Results2006/3

Enplas CorporationPresident Toshiaki Sugimoto

－ Contents －

2006/3FY First-Half Result (Consolidated)

2006/3FY Revised Plan (Consolidated)

Market Condition and Next Action in Each Business

First-Half Result (Consolidated)

2006/3

4

2006/3FY Management Policy

Proceed Restructuring of Main Business into High Value / High-Profit Structure

Create Original Products Market with Excellent Intellectual Advantage and Expert Technology

Re-Establish Global Business Strategy

Improve Efficiency in All Business Process

Management Target (Consolidated)Net Sales 40 Billion Yen

Ordinary Profit 4.5 Billion Yen

First-Half Management Overview

2006/3

6

Restructuring of Main Business

Stable Business Structure

Investment based on Strategy

Restructuring of Engineering P.P. BusinessEstablished Kanuma Plant

Enhancement of Plastic Optics Business

Guangzhou Representative OfficeEnplas(Vietnam)Co.,Ltd.

Liquidation of two Subsidiary Companies

Enplas Optics Corporation

Enplas(Korea),Inc.

7

Re-Establishing Global Business Strategy

EHT(S) : Enhanced Regional Management Function

EHT(S)

E(VN)E(T)

E(M)

Establishment of E(VN)Started Semiconductor BusinessExpansion of Plastic Optics Business

Enplas Hi-Tech(Singapore)Pte.Ltd.

Enplas Precision(Malaysia)Sdn.Bhd.

Enplas Precision(Thailand)Co.,Ltd.

Enplas(Vietnam)Co.,Ltd.

EHT(S)：

E(M) ：

E(T) ：

E(VN) ：

Enhancing Strategic Function of Southeast Asian Base

8

Enplas(Vietnam)Co.,Ltd.China

Myanmar

Thailand

Cambodia

Laos

Hanoi

Ho Chi Minh

Socialist Republic of Viet Nam

Location Thang Long Industrial Park, Dong Anh

District, Hanoi, Vietnam

Establishment August , ２００５

Capital Fund ＵＳ＄ ２ Million

Shareholder Enplas Hi-Tech(Singapore)Pte.Ltd. 100%

Architectural Area Around ４,８００㎡

Description of Business Manufacturing Electronics

Equipment Parts / Assembling Lens Module

Start Operation in 4th Quarter

First-Half Account Result (Consolidated)

2006/3

10

First-Half Account Result and Plan(100Million Yen)

99.0

9.1

10.0

5.7

（70.3%）

27.53

First-halfResult

104.6（70.3%）

10.36

203.6

20.421.2

7.8

（70.3%）

37.89Yen Yen Yen

First-QuarterResult

Second-QuarterResult

First-HalfPlan

180.0Net Sales(Cost Ratio) （70.5%）

Operating Income 11.3 12.0

Ordinary Income 11.2 13.0

Net Income 2.1 7.0

Net Incomeper share 38.57

Yen

11

Segment Result and Plan (100Million Yen)

Engineering P.P.Engineering P.P.

Semiconductor P.Semiconductor P.

Display DeviseDisplay Devise

Imaging OpticsImaging Optics

Digital OpticsDigital Optics

Optical Fiber C.Optical Fiber C.

TotalTotal

First-halfResult

First-HalfPlan

First-QuarterResult

Second-QuarterResult

79.627.243.534.914.93.3

39.914.124.817.1

6.91.6

39.6 73.013.0 27.018.7 28.017.8 30.0

8.0 18.01.6 4.0

203.6104.699.0 180.0

12

First-Half Net Sales Trend

0

50

100

150

200

250

１５３１５３

１８５１８５

１６２１６２

２００２．３First-Half

２０７２０７ ２０３２０３

Engineering P.P.

Semiconductor P.

Display Device

Imaging Optics

Digital Optics

Optical Devise

Optical Fiber C.

(100Million Yen)

２００３．３First-Half

２００４．３First-Half

２００５．３First-Half

２００６．３First-Half

13

First-Half Ordinary Profit Trend

0

5

10

15

20

25

30

１０１５

１７

２７

(100Million Yen)

２１

２００２．３First-Half

２００３．３First-Half

２００４．３First-Half

２００５．３First-Half

２００６．３First-Half

14

First-Half Net Income Trend

0

2

4

6

8

10

12

14

16

18

４

９

１７１７

１０

２０２０..３４３４

４８４８..６７６７

Net IncomeNet Income 【【100M Yen100M Yen】】

Net Income per ShareNet Income per Share 【【YenYen】】

４３４３..１５１５

８４８４..５０５０

３６３６..９８９８

７７

２００２．３First-Half

２００３．３First-Half

２００４．３First-Half

２００５．３First-Half

２００６．３First-Half

15

First-Half Cash Flow Trend

-20

-10

0

10

20

30

40

50

２４１８

１０５ ７

▲１４

６

３８

Cash Flow from Operating Activities

Free Cash Flow

２００２．３First-Half

２００３．３First-Half

２００４．３First-Half

２００５．３First-Half

２００６．３First-Half

１５

１

(100Million Yen)

16

First-Half Facility Investment and Depreciation Trend

0

5

10

15

20

25

30

１５１３１４ １３

２７

１５

InvestmentDepreciation

１８１５

２００２．３First-Half

２００３．３First-Half

２００４．３First-Half

２００５．３First-Half

２００６．３First-Half

２０

１６

- Summary -

Display Device Business Marked New Monthly Sales Record

DOP Sales Reduction by Downspin of Market Price

Subsidiary Company Business Drove Consolidated Performance

Liquidation of Enplas Optics Corporation and Enplas(Korea),Inc.

Revised Plan (Consolidated)2006/3

19

2006/3 Revised Plan(100Million Yen)

390.0（68.2%）

43.045.024.0

115.9124.00

Yen

Yen

203.6

20.4（70.3%）

21.27.6

36.9812.00

Yen

Yen

Plan

400.0

43.045.026.0

（68.4%）

125.3624.00

Yen

Yen

Net Sales

Operating Income

Ordinary Income

Net Income

(Cost Ratio)

Net Incomeper share

Dividends per Share

First-halfResult

Revised Plan

20

Segment Revised Plan (100Million Yen)

First-halfResult

Revised Plan Plan

150.055.0

79.6 156.0Engineering P.P.Engineering P.P.

27.2 56.0Semiconductor P.Semiconductor P.

83.068.027.0

390.07.0

43.534.914.9

58.0Display DeviseDisplay Devise

80.0Imaging OpticsImaging Optics

40.0Digital OpticsDigital Optics

203.63.3

400.010.0Optical Fiber C.Optical Fiber C.

TotalTotal

21

Other Significant Plan (100Million Yen)

First-halfResult

Revised Plan Plan

40.020.7 60.0Facility InvestmentFacility Investment

16.5 35.0 33.0DepreciationDepreciation

Experiment and Experiment and Research Expenses 10.4 20.0 22.0Research Expenses

（5.2%） （5.1%）(Sales Ratio)(Sales Ratio) （5.5%）

Market Condition and Next Action in Each Business

23

Engineering Plastic Products Business

Improve Business into High Value Structure

Develop Gear-Solution Business

Expand Plastic Gear market

Shift to Profitable Product

Improved Mold Building System

Developed Enplas Original Gear

7079 150(100Million Yen)

Second Half Strategy

First HalfResult

Second HalfRevised Plan Revised Plan

782005/3

First Half

First Half Summary

Kick Off of KANUMA Plant

24

Outline of Kanuma PlantLocation 7-2 Satsuki-cho, Kanuma City, Tochigi

Operation July 2005

Lot Area Around 33,000 ㎡

Line of Manufacturing Plastic gear for car, electric machine, and OA

Amount of total investment Around 3.2 Billion Yen

Number of Workers Around 100 Workers

25

Globally Most Advanced Plastic Gear Plant

Kanuma Plant

Engineering Plastic Products BusinessTurns into Offensive Stage

26

Car Market Vision

Sensor Controlled Brake

Auto-cruise System

Changeable Distribution Light System

Night Vision

Liquid Crystal Control Display

Low-fuel consumption

Low-emission

Safety

Comfort

Low-fuel consumption

Low-emission

Safety

Comfort

Power Saving

High precision Control

Weight Saving

Power Saving

High precision Control

Weight Saving

Increase of Electric Actuator

Increase of Electric Actuator

Plastic Gear Market Growth

27

Global Strategy of Gear Business

DevelopProductionSport for OverseasGlobal Control

Market Research

E(E)

ProductionMarket Research

E(U)

EHSE(Ｔ)

E(J)

ProductionMarket Research

E(M) EHT(S)

28

Semiconductor Peripheral Business

Re-Organize Sales Strategy in Southeast Asia and Taiwan Market

Resolution of Enplas(Korea),Inc.

Development of Fine Pitch Socket

Realized 0.3mm Pitch

Develop Advanced Elemental Technology to Satisfy Market Needs

High frequency IC→ Thermal Solution

High Currency DesignFine Pitch Socket

Expand Probe Card Business

2727 55Second Half Strategy

(100Million Yen)

31Second HalfRevised Plan

First HalfResult

2005/3First Half

Revised Plan

First Half Summary

29

ＩＣ Socket Sales

Ｇａｍｅ5%

Ｏｔｈｅｒ23%

Ｍｏｂｉｌｅ14%

Ａｕｔｏ18%

ＰＣ40%

Ｇａｍｅ4%

Ｏｔｈｅｒ21%

Ｍｏｂｉｌｅ20%

Ａｕｔｏ22%

ＰＣ33%

Ｇａｍｅ4%

Ｍｏｂｉｌｅ11%

Ｏｔｈｅｒ17%

Ａｕｔｏ28%

ＰＣ40%

2004/3

2005/3

(Forecast by Enplas)

2006/3 Plan

30

Developed Product

Developed Burn in Socket for 0.3mm Fine Pitch Contact

Developed Burn in Socket for 0.3mm Fine Pitch Contact

PatentPending

Socket 0.3mm PitchUnit

Original Solution of Contact Technology

Hair

31

Socket Development to meet Market Requirement

ＣＰＵ

Solution on High Performance Devise- Thermal & High Currency Socket Design -

System LSI

Solution on System LSI-Fine Pitch & High Pin Count Socket-

0.5mm Pitch

Micro BGA

Shrink Type Socket

Existing Socket

34％Shrink

3332

mm

Developed Socket

32

ＥＮＴ

EHT(S)

ＥＴＳ

Direct Information

Improved Service Quality

Improved Communication with

Customers

Quick Delivery

ＥＨＳ

Ｅ(Ｊ)

Re-Organization of World Wide Sales

Europe / Korea

Covered by Subsidiary

33

Display Devise Business

Buildup development in Small SizeHigh-end Light Guide Panel(Mobile Phone & Digital Camera)

R&D of Next Generation LGP

Sales Marked a New Record

Increased Sales to ExistingCustomers

Growth of Profit Margin thanks toImproved Manufacturing Capability

Technical Advantage based onSeveral Significant Patents

Increase Market Share in High-End Note PC Market

3943 83Second Half Strategy

(100Million Yen)

23Second HalfRevised Plan

First HalfResult

2005/3First Half

Revised Plan

First Half Summary

34

Portable PC Market Forecast

0

20

40

60

80

100

120

140

160

180

2002 2003 2004 2005 2006 2007 2008 2009

Unit : 1MillionWorld Wide Client PC Shipment Unit Forecast, 2002-2009

Desktops

Portable

（Source: IDC World Wide Quarterly PC Tracker, Q2 2005）

35

Portable PC Market & Sales Strategy Unit : 1Million

2002 2003 2004 2005 2006 2007 2008 2009

Portable PC Production

With PSP type LCD

0

20

40

60

80

100

120

140

(Forecast by Enplas)

36

LCD Panel for Note PC Shipping Share

Samsung25%

LG.Philips LCD21%

Quanta Display13%

Au optronics10%

TMDisplay7%

Chi Mei6%

ChunghwaPictureTube

4%

Hitachi3%

SHARP4%

Others4%

BOE Hydis3%

Korea

Taiwan

Japan

（Source : Display Research）

２００５年 1Ｑ

37

Small & Medium ＴＦＴ-ＬＣＤ Market ForecastUnit : 1Million

2004 2005 2006 2007 2008 2009（Source : Display Research）

Other

Game

DSC

Mobile

0

200

400

600

800

1,000

1,200

38

Imaging Optics Business

Realize Compact/Slim & High ResolutionTechnology by All-Plastic Lens ModuleSatisfy High Volume Requirement fromGrowing Mega-Pixel Lens MarketStandardize Lens Solution to meet

Specification for Various Sensor Technology

Establish Flexible Marketing &Development System

Liquidation of Enplas OpticsCorporation

Start of High Volume Manufacturing of Mega-Pixel Lens

3435 70Second Half Strategy

(100Million Yen)

46Second HalfRevised Plan

First HalfResult

2005/3First Half

Revised Plan

First Half Summary

39

Camera Phone Market Forecast

2003 2004 2005 2006 2007 2008

0

100

200

300

400

500

600

700

800

900World Wide Camera Phone Shipments Forecast, 2003-2008

Unit : 1Million

（Source : IDC, 12/2004, World Wide Mobile Phone 2004-2008 Forecast Update and 1H04 Vendor Shares, #32336）

40

Mobile Phone Market Trend and Forecast

Unit : 1Million

660

500

720 750

80

210

340

450

16％32％

47％

60％

0

100

200

300

400

500

600

700

800

2003 2004 2005 2006

With Camera

W/O Camera

Ratio

World Wide

(Forecast by Enplas)

41

Market Share of Sensor Manufacturer

Toshiba23%

Micron14%

Magunachip16%

OmniVision8%

Panasonic4%

SamsungElectronics Co,

7%

SHARP4%

STM14%

Agilent10%

210 Million2004

(Forecast by Enplas)

42

Market Share of Lens Module Manufacturer

SHARP6%

STM13%

Agilent9%

Flextronics8%

Panasonic SCDevice Solutions

7%

Samsung Tech6%

Samsung ElectroMechanics Co,

6%

Hunsung4%

Altus4%

Shinko Electr ic6%

Lite-ON4%

Other15%

LG-Innotek6%

Mitsumi6%

(Forecast by Enplas)

230 Million2004

43

Digital Optics Business

Developed New Product

Dual Wavelength Grating

Deflective Grating for Super-multi

Cost Reduction by Innovative Manufacturing System

Re-Organization of Business System

Appeal High Valued Product to Market

Promote Strategic Development for Next Generation Optical Lens for Pickup System

1514 30Second Half Strategy

(100Million Yen)

23Second HalfRevised Plan

First HalfResult

2005/3First Half

Revised Plan

First Half Summary

Sales Reduction by Downspin in Market Price

44

Developed product

Blue-Ray

Dual wavelengthGrating

Dual purpose (CD/DVD) Grating

Diffractive Grating for Super-multi

Multi Purpose (DVD+R/RW , DVD-R/RW, DVD-RAM) Grating

45

Optical Pickup Market TrendUnit : 1Million

0

600

200

800

400

1,000

Ａｕｄｉｏ

Ｖｉｓｕａｌ

Ｓｔｏｒａｇｅ

Market Growth of

Dual wavelength Laser DVD RW（S-Multi)

Source ：TSR03 04 05 06 07

46

DVD RW Market TrendUnit : 1Million DVD RW（S-Multi）

2003 2004 2005 2006 2007

DVD RW H/H

DVD RW Slim

DVD RW U-Slim

0

20

40

60

80

100

140

120

Dual wavelength Laser Load Ratio : 2006→15%・2007→30%Dual wavelength Laser Load Ratio : 2006→15%・2007→30%

Source ：TSR

47

Optical Fiber Communication Business

New Customer Development

Growth of LAN(Local Area Network)SAN(Storage Area Network)Market

Approach Potential Customer

Develop New Optical Interface Module Market

Establish Technical Advantage with Patent and Original Know-How

43 8Second Half Strategy

(100Million Yen)

3Second HalfRevised Plan

First HalfResult

2005/3First Half

Revised Plan

First Half Summary

48

Image of Optical Network

Backbone

Metro

Access Network

Backbone Network

Metro Network

Access Network

MemoryDisc

Switch processor

Switch

Switch

Optical Transceiver

Data COM Network

LANSAN

49

Market Condition and Position of Enplas

EPSON

SONY

Fuji Xerox

Agilent:22%

Finisar:40%JDSU:22%

Others:16%

Expand VCSEL Optical Transceiver Manufacturer

Japanese VCSEL Maker

Matsushita Electric

(Forecast by Enplas)

Forecast of 2005 Global Forecast of 2005 Global VCSEL Market Share ENPLASVCSEL Market Share

50

Approach to OFC New Market

Optical Interface Module MarketKey word to new product “Integration”

Coupling Coupling Plastic Lens Combined BarrelPlastic Lens Combined Barrel

BranchingBranchingOptical InterconnectionOptical InterconnectionWDM Optical Branching filter/ Parallel Communication WDM Optical Branching filter/ Parallel Communication

Attenuation/ Reflection/ TransmissionAttenuation/ Reflection/ Transmission

51

New Technology - New Application of SOE Optics -

Subwavelength Optical ElementsSubwavelength Optical Elements

Realize New Optical Grating with Original Function

NanoNano Level Level MicrofabricationMicrofabrication is Requiredis Required

Circular polarization Non-Reflection

light polarizer λ/4wavelength plate

Random polarization

Line polarization Line polarization Non-Reflecting Device

52

New Technology

Sub Wavelength (Nano)Sub Wavelength (Nano)

400nm400nm

2.2μm

Existing Diffractive Grating

0.4μm

Wavelength Plate

1.6μm

53

New Business

Source : PennWell

White Colored LED Business Market

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

2004 2005 2006 2007 2008 2009

電子機器／他

信号機

携帯電話

ディスプレイ

照明用

自動車

Unit : 1K

Electronics devise

Signal

Mobile Phone

Display Devise

Illumination

Auto Mobile

54

New Business

Back Ligh

t

Auto Mobile Projector

Mobile Phone

６０ ｌｍ/W２００５

１００ ｌｍ/W

２００３

－ High Luminance ＬＥＤ －

２００７

３ ｌｍ/W

by intelligence and vitality

Enplas Corporation