Financial Results for the Fiscal Year Ended March 31, 2014 · Through a joint research with ULVAC, Inc., TOKYO OHKA KOGYO CO., LTD., TOSHIBA MACHINE CO., LTD., as well as The National

(Securities Code：7537 / TSE1st Section)

Financial Results for the Fiscal Year Ended March 31, 2014

(Medium-Term Management Plan and Key Initiatives)

May 2014

Copyright © 2002-2014 MARUBUN CORPORATION All Rights Reserved.

FY3/14 Summary of Consolidated Financial Results


FY3/14 Summary of Consolidated Financial Results

Copyright © 2002-2014 MARUBUN CORPORATION All Rights Reserved. 3

Electronic Devices Business Increased 17.7% as a result of robust sales of Special-Use ICs for communication modules and Memory ICs for PCs and computer peripherals

Electronic Systems Business Increased 21.7% as a result of increase in Medical Equipment ,Measurement & Inspection Equipment, and inclusion of an equity method affiliate as a consolidated subsidiary

Electronic Devices Business Increased 17.7% as a result of robust sales of Special-Use ICs for communication modules and Memory ICs for PCs and computer peripherals

Electronic Systems Business Increased 21.7% as a result of increase in Medical Equipment ,Measurement & Inspection Equipment, and inclusion of an equity method affiliate as a consolidated subsidiary

Net sales increased by ¥40,244 million (+18.3% YoY)

Increase in equity in net income of affiliates (+116million)

Decrease in foreign exchange losses (-276million)

Increased profits for five years

Increase in equity in net income of affiliates (+116million)

Decrease in foreign exchange losses (-276million)

Increased profits for five years

Decrease in extraordinary loss posted during the previous term (-661million)Decrease in extraordinary loss posted during the previous term (-661million)

Operating income increased by ¥921 million (+30.8% YoY)Ordinary income increased by ¥1,444 million (+57.8% YoY)

Net income increased by ¥1,151 million (+134.3% YoY)

FY3/14 Summary of Financial Results


[Reference](\ million)

Actual CompositionRatio

ActualComposition

RatioAmount ％ Oct.2013

CompositionRatio

Net sales 220,200 100.0% 260,424 100.0% 40,224 18.3% 253,000 100.0%

Electronic Devices 187,247 85.0% 220,325 84.6% 33,078 17.7% 214,800 84.9%

Electronic Systems 32,953 15.0% 40,098 15.4% 7,145 21.7% 38,200 15.1%

Gross profit 17,763 8.1% 18,842 7.2% 1,079 6.1% 18,250 7.2%

SG&A expenses 14,771 6.7% 14,930 5.7% 159 1.1% 14,750 5.8%

Personal expenses 9,317 4.2% 9,437 3.6% 120 1.3% - -

Other 5,454 2.5% 5,493 2.1% 39 0.7% - -

Operating income 2,991 1.4% 3,912 1.5% 921 30.8% 3,500 1.4%

Non-operating income 640 0.3% 708 0.3% 68 10.6% - -

Non-operating expenses 1,132 0.5% 675 0.3% (457) -40.4% - -

Ordinary income 2,500 1.1% 3,944 1.5% 1,444 57.8% 3,350 1.3%

Extraordinary income 124 0.1% 12 0.0% (112) -90.3% - -

Extraordinary loss 731 0.3% 70 0.0% (661) -90.4% - -

Net income 857 0.4% 2,008 0.8% 1,151 134.3% 1,675 0.7%

No. of employees at term-end 1,235 ー 1,245 ーーーーー

FY3/13 FY3/14 YoY Changes FY3/14 Forecasts

28,943 33,5112,490 2,285

27,78335,959

13,08011,572

73,004

89,255

12,509

11,68829,202

35,725

FY3/13 FY3/14

(¥ million)

187,247

220,325

FY3/14 Electronic Devices Business Net Sales Breakdown by Product


Electronic Components Increase in LCD panels for TVs and Tablet PCs

Custom ICDecrease in ICs for consumer electronics

Special-Use ICIncrease in ICs for communication modules

Micro-ProcessorDecrease in ICs for smartphones and OA equipmentMemory ICIncrease in ICs for PCs and computer peripheralsStandard Logic ICAnalog ICIncrease in ICs for car electronics and industrial equipment

13/3⽉期 1-2Q 14/3⽉期 1-2Q

FY3/14 Electronic Devices Business Market Trend by Application


Application

Communication Equipment Increase in ICs for communication modules and smartphones

Consumer Electronics Increase in LCD panels for TVs

Computers & OA Equipment Increase in ICs for PCs , computer peripherals and Tablet PCs

Automobile Increase in ICs for car navigation systems and engine controls

Industrial Equipment & Other Decrease in ICs for industrial monitors

Market Trend

Communication

Equipment

40.3%

Consumer

Electronics

26.6%

Computer & OA

Equipment

14.1%

Automobile

9.7%

Indtrial

Equipment

9.2%

FY 3/13

¥187,247million

Communication

Equipment

39.2%

Consumer

Electronics

23.7%

Computer &

OA Equipment

20.9%

Automobile

8.8%

Indstrial

Equipmet

7.4%

FY 3/14

¥220,325million

FY3/14 Electronic Systems Business Net Sales Breakdown by Product


Space & Defense Electronics

Medical EquipmentIncrease in dialysis imaging equipment

Laser EquipmentIncrease in industrial laser and optical communication components

Scientific EquipmentDecrease in thin-film equipment for power semiconductor manufacturingMeasurement & Inspection EquipmentIncrease in semiconductor non-destructive testing equipment and inclusion of Hokushinrika as a consolidated subsidiary

4,833 4,983

9,86813,425

2,620

3412,9974,099

12,636

17,251

FY3/13 FY3/14

(¥ million)

32,953

40,098

1,079 (159)525

1 2 3 4 5FY3/13 FY3/14

2,500

3,944

FY3/14 Factors Affecting Ordinary Income


（¥ million）

Gross Profit

SG&A ExpensesNon-operating Income/Loss

Increase due to net sales increaseFY3/13: ¥17.7 billion ⇒ FY3/14: ¥18.8 billionIncrease in cost of retirement benefitsPersonnel expenses +¥120 million; General expenses +¥39 millionIncrease in equity in net income of affiliates, and decrease in foreign exchange lossesEquity in net income of affiliates +¥116 million; Foreign exchange losses -¥276 million

Increase in Gross Profit

Improvement in Non-operating Income/Loss

Increase in SG&A Expenses

(\ million) FY3/13 End FY3/14 End YoY Changes

Actual Actual Amount

Current assets 93,799 99,510 5,711

Cash and deposits 17,440 19,151 1,711

Notes and accounts receivable-trade 48,299 60,944 12,645

Inventories 25,426 16,931 (8,495)

Other 2,633 2,484 (149)

Noncurrent assets 10,943 11,124 181

Property, plant and equipment 4,302 4,277 (25)

Intangible assets 406 402 (4)

Investments and other assets 6,234 6,445 211

Total assets 104,743 110,635 5,892

Current liabilities 49,042 65,114 16,072

Notes and accounts payable-trade 33,523 39,910 6,387

Short-term loans payable and other (*1) 11,743 22,143 10,400

Other 3,775 3,061 (714)

Noncurrent liabilities 18,153 3,050 (15,103)

Long-term loans payable and other (*2) 16,037 1,013 (15,024)

Other 2,115 2,037 (78)

Total liabilities 67,195 68,165 970

Total net assets 37,547 42,469 4,922

Total liabilities and net assets 104,743 110,635 5,892

*1 Short-term loans payable + Current portion of long-term loans payable + Current portion of bonds*2 Bonds + Long-term loans payable

End FY3/14 Summary of Balance Sheets


Increase due to sales increaseDecrease due to inventoriesdecrease in memory ICs

Increase due to purchase increase in Electronic Devices Business and Medical Equipment Business

3/14 Summary of Statements of Cash Flows


Decrease in Short-team loans (4,726 million)

(\ million) FY13/3 FY3/14

Actual Actual

8,301 5,999

Income before income taxes 1,892 3,886

Decrease (increase) in notes and accountsreceivable-trade

19,256 (10,445)

Decrease (increase) in inventories(2,255) 9,089

Increase (decrease) in notes and accountspayable-trade

(9,678) 4,604

Other(912) (1,134)

(406) (162)

Free cash flow7,894 5,837

(9,261) (5,382)

(512) 1,565

17,410 18,976

Net cash provided by (used in) operatingactivities

Net cash provided by (used in)investing activities

Net cash provided by (used in)financing activitiesNet increase (decrease) incash and cash equivalentsCash and cash equivalents at end of period

Increase due to sales increase

Increase in due to purchase increase in Electronic Devices Business and Medical Equipment Business

Medium-Term VisionProgress of Business Strategies and Key Initiatives


Medium-Term Management Vision


Japanʼs economic environment:The economy is recovering on the back of improvement in corporate earnings and recovery in capital expenditures and consumer spending.Areas driving the domestic electronics market:Shifting from consumer electronics and communication equipment to automobile, industrial equipment, environmental equipment and medial equipment

Medium-Term Management Vision“Transforming into a robust

company that can realize sustainable growth”

Medium-Term Management Slogan“Think & Action”

Gain competitive advantage and achieve differentiation by capturing opportunities

that emerge from the structural changes

Structural Changes in the Operating Environment

Electronic Devices Business: Overview of Key Initiative ①


Expand the base business

Solution Proposals

Owing to enhanced Demand Creation functions, the Company received multiple awards, including the Best Distributor Award

Extensive range ofanalog

products

PCBs and connectors

Software

Other semi-conductors

and electronic

components

Enhance the Demand Creation (DC)

function

Aim to increase the usage of our line card

in respective projects

Strengthen follow-up actions for clientsʼrespective projects

Electronic Devices Business: Overview of Key Initiative ②


Develop businesses in growing markets

Propose a combination ofassembly and testing equipment with

semiconductors and electronic components

Car Electronics

Telecommunication

Medical Equipment

Industrial Equipment

Develop key devices and propose solutions

Propose comprehensive solutions that can respond to upstream to downstream markets

Electronic Devices Business: Overview of Key Initiative ③


Semiconductors Custom ICs

• Promote orders received for ASICs of Open-Silicon, Inc. and BaySand, Inc.

Memory ICs• Launch sales of built-in flash memories and SSDs of

SanDisk Corporation

Environmental Expand solar panel product lineups (ranging from thin-film

to crystalline solar panels) Boost sales and promotion of solar power facility for

farming “Solar Farming” Excavate new products

Assign employees to work full-time in U.S. offices

Promote development of new products

BaySand, Inc.ASIC

Solar Farming

SanDisk CorporationSSD

Electronic Devices Business: Overview of Key Initiative ④


Enhance global operations with a focus on regions where production sites for automobile-related industries are expanding

MARUBUN CORPORATION OtherMARUBUN/ARROW USA, LLC MARUBUN/ARROW ASIA, LTD

MARUBUN/ARROW(SHANGHAI) CO., LTD(Shanghai, China)

MARUBUN ARROW(THAI) CO., LTD(Bangkok, Thailand)

Marubun Semicon(Shanghai) Co., Ltd.(Shanghai, China)

MARUBUN/ARROW(HK) LTD(Hong Kong, China)

MARUBUN ARROW(M) SDN BHD(Penang, Malaysia)

MARUBUN/ARROW(S) PTE LTD(Singapore)

Dalian, China

Nanjing, China

MARUBUN/ARROW (SHENZHEN) ELECTRONIC PRODUCT CONSULTING CO.,LTD. (Shenzhen, China)

Kuala Lumpur, Malaysia

MARUBUN/ARROW ASIA, LTD.

MARUBUN/ARROW(PHILS) INC.(Manila, Philippines)

MARUBNU/ARROW USA, LLC(Headquarters: Santa Clara)

Marubun Taiwan Inc.(Taipei, Taiwan)

MARUBUN SEMICON(H.K.) LIMITED(Hong Kong, China)

MARUBUN CORPORATIONDenver

ChicagoDetroit

Atlanta

DallasSan DiegoFoothill Ranch

MARUBUN SEMICON(S) Pte.Ltd. (Singapore)

PT. MARUBUN ARROW INDONESIA (Jakarta, Indonesia)

Boost sales of broad range of our line card, mainly targeting automobile-related clients

Mexico

Prepare to establish operation bases, responding to the accelerated entry of automobile-related industries

Incorporation of the Shenzhen Office in China

Electronic Systems Business:Overview of FY3/15 Strategies and Key Initiatives


Laser and TelecommunicationEquipment

• Boost sales of industrial lasers• Boost sales of original laser fine processing equipment

Measurement & Inspection andScientific Equipment

• Boost sales of semiconductor non-destructive testing systems• Boost sales of photonic crystal process integration system

Medical Equipment • Promote local sales activities• Strengthen capabilities in technical services and expand sales channels

Scientific Equipment • Boost sales of MBE equipment as well as CVD equipment for power device manufacturing

Aerospace Electronics

• Expand client bases in aero and defense industries• Expand product line-ups of sensors and analyzers for automobiles and social

infrastructure

Improve profitability and business stability under the Companyʼs “Customer-in” philosophy

Boost sales activities by

mobilizing the entire Group

Strengthen system integration capability

Enhance engineering services

Enrich product line-up

Electronic Systems Business: Topics


Launched sales of a Photonic Crystal Process Integration SystemSignificantly improved luminous efficiency by using crystal technology

Through a joint research with ULVAC, Inc., TOKYO OHKA KOGYO CO., LTD., TOSHIBA MACHINE CO., LTD., as well as The National Institute of Advanced Industrial Science and Technology (AIST) and RIKEN, we developed and released a system which significantly improves light extraction efficiency in the LED manufacturing process.

By using nanoimprinting and dry etching technologies, a photonic crystal layer with a unique pattern is created in the sapphire substrate, which externally emits light during the last phase of LED manufacturing process.

Light extraction efficiency, which is some 30% with the traditional PSS method, can be improved to up to 80% by using the new system.

The pattern depth has been reduced to nearly one fifth, thereby reducing the time consumed in dry etching process and contributing to a significant cutback in manufacturing cost.

The pattern depth has been reduced significantly in contrast to the traditional PSS method.

Left: The traditional PSS method (photo: magnified 10,000 times)Right: Photonic Crystal method (photo: magnified 50,000 times)


FY3/15Summary of Consolidated Financial Forecasts

FY3/15 Summary of Financial Forecasts


Electronic Devices Business Expecting an increase in Micro-Processor for tablet PCs and a decrease in Special-Use ICs for communication modules

Electronic Systems Business Expecting a decrease in Medical Equipment

Electronic Devices Business Expecting an increase in Micro-Processor for tablet PCs and a decrease in Special-Use ICs for communication modules

Electronic Systems Business Expecting a decrease in Medical Equipment

Net sales expected ¥263 billion (+1.0% YoY)

Operating income expected ¥4.1 billion (+4.8% YoY)

Ordinary income expected ¥4.0 billion (+1.4% YoY)

Net income expected ¥2.1 billion (+4.6% YoY)

FY3/15 Financial Forecasts


(\ million)

ActualComposition

Ratio ForcastComposition

RatioAmount ％

Net sales 260,424 100.0% 263,000 100.0% 2,576 1.0%

Electronic Devices 220,325 84.6% 224,000 85.2% 3,675 1.7%

Electronic Systems 40,098 15.4% 39,000 14.8% (1,098) -2.7%

Gross profit 18,842 7.2% 19,100 7.3% 258 1.4%

SG&A expenses 14,930 5.7% 15,000 5.7% 70 0.5%

Operating income 3,912 1.5% 4,100 1.6% 188 4.8%

Non-operating income 708 0.3% 600 0.2% (108) -15.3%

Non-operating expenses 675 0.3% 700 0.3% 25 3.7%

Ordinary income 3,944 1.5% 4,000 1.5% 56 1.4%

Extraordinary income 12 0.0% 0 0.0% (12) -

Extraordinary loss 70 0.0% 50 0.0% (20) -28.6%

Net income 2,008 0.8% 2,100 0.8% 92 4.6%

FY3/14 FY3/15 YoY Changes

FY3/15 Electronic Devices Business Net Sales Forecasts by Product


Electronic ComponentsIncrease in LCD panels for TV and Tablet PCs

Custom IC Increase in ICs for consumer electronics

Special-Use ICDecrease in ICs for communication modules

Micro-ProcessorIncrease in ICs for Tablet PCs

Memory ICDecrease in ICs for PC

Analog ICIncrease in ICs for car electronics and Industrial Equipment

Standard Logic IC

33,511 37,400

2,285 1,656

35,959 32,845

11,572 17,073

89,255 81,507

11,688 13,387

35,725 38,874

FY 3/14

Actual

FY 3/15

Forcasts

224,000220,325

(¥ million)

4,983 4,503

13,425 13,913

341 1,7364,099

3,548

17,251 15,300

FY 3/14

Actual

FY 3/15

Forcasts

(¥ million)

39,00040,098

FY3/15 Electronic Systems Business Net Sales Forecasts by Product


Medical EquipmentDecrease in diagnostic imageing equipments

Laser EquipmentDecrease in optical communications componentsScientific EquipmentIncrease in thin-film equipment for power semiconductor manufacturing

Measurement & Inspection Equipment

Space and Defense ElectronicsDecrease in satellite components

FY3/15 Factors Affecting Ordinary Income(Forcasts)


Increase in Gross Profit

Increase in SG&A Expenses Decrease in

Non-operating Income

（¥ million）

258

(70)(133)

1 2 3 4 5FY 14/3Actual

FY 15/3Forcasts

3,944 4,000

Gross Profit

SG&A ExpensesNon-operating Income/Loss

Increase due to net sales increaseFY3/14: ¥18.8 billion ⇒ FY3/15: ¥19.1 billionIncrease in cost of outsourcingFY3/14: ¥14.9 billion ⇒ FY3/15: ¥15.0 billionDecrease in equity in net income of affiliatesNon-operating Income -¥108 million ; Non-operating Loss +¥25 million

Return to Shareholders


Dividends Forecast

（\）FY3/14 FY3/15

Forecasts

Annual Dividend per Share 19.00 20.00

Interim Dividend 6.00 7.00

Year-End Dividend 13.00 13.00

Aim to achieve net sales of ¥280 billion and ordinary income of ¥6 billion in FY3/17 by aggressively implementing initiatives of the medium-term vision

Medium-Term Quantitative Target(FY3/15-FY3/17)

26Copyright © 2002-2014 MARUBUN CORPORATION All Rights Reserved.

220.3224.0

228.0 235.0

40.0 39.0 42.0 45.0

3.9 4.0

5.06.0

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

0.0

50.0

100.0

150.0

200.0

250.0

300.0

FY3/14 FY3/15 FY3/16 FY3/17

Actual Forecasts Plan Plan

（¥ billion)(¥ billion)Electronic Devices Business (LHS) Electronic Systems Business (LHS)

Ordinary Income (RHS)

260.4 263.0270.0

280.0

Appendix


FY2013

Share of Sales

by Segment

Corporate Outline


Establishment July 1947

Capital ¥6,214 million

Activities Distribution of Cutting-edge Electronics Products

Headquarters Chuo-ku, Tokyo

Consolidated Net Sales

260,424 million yen(FY2013)

Numbers of Employees

1,245(As of March,31 2014)

Net SalesElectronic Devices 84.6%Electronic Systems 15.4%

Gross ProfitElectronic Devices 63.1%Electronic Systems 36.9%

28

History of Company Operations


Japan Over Seas

1844

2013Business acquisition Hokushin Rika.

1897The dry goods wholesale business discontinued; Horikoshi Office established to manage the property.

1947Established Marubun Corp. to sell machinery, instruments and daily-use sundries.

1985Established Logistics Center.

1997Listed on the 2nd Section of the Tokyo Stock Exchange.

1952Contracted with Rocke International, Inc., to serve as their representative office, and began import and sales of American machinery.

1968

19881989

1994

1999Established Marubun/Arrow USA, LLC.1998Established Marubun/Arrow Asia Limited.

2001

2005

1965Imported and sold ICs (made by TI) at first in Japan.

1961Established Marubun Tsusho Co.,Ltd.

2007Business acquisition of Foresight Techno Co.,Ltd.

2001

2002

2006

Listed on the 1st Section of the Tokyo Stock Exchange.

Established Marubun Semicon Corporationto sell SUMSUNG Semiconductors.

Established subsidiary in Singapore.

Established representative office in USA.

Established subsidiary in Taiwan.

Established subsidiary in Hong Kong.

Established subsidiary in Malaysia.

Established subsidiary in Thailand.

Established subsidiary in Shanghai and Philippines.

Dry goods wholesaler "Horikoshi" started a business, at the site of the present company headquarters, that went by the name Marubun.

2013Established subsidiary in Shenzhen, China and Indonesia.

29

Trend of 10 years


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

0

50,000

100,000

150,000

200,000

250,000

300,000

FY3/05 FY3/06 FY3/07 FY3/08 FY3/09 FY3/10 FY3/11 FY3/12 FY3/13 FY3/14

（¥ million） Net Sales Foreign Sales Ratio

30

Domestic Offices


Tokyo Head Office

MARUBUN TSUSHO CO., LTD.(Head Office:Kanazawa)

MARUBUN WEST CORPORATION(Head Office:Kobe)

MARUBUN SEMICON CORPORATION(Head Office:Minato-ku,Tokyo)

Minamisuna Technical Center

Minamisuna Logistics Center

East Japan Logistics Center

Omiya

Tachikawa

Matsumoto Satellite Office

Central Japan Operations(Nagoya)

West Japan Operations(Osaka)

Utsunomiya Carelectronics Office

Himeji Carelectronics Office

OsakaNagoya

KanazawaToyamaFukuiMatsumotoNagano

NanaoTamaHakusan CenterTokyoKofu

Kyushu Satellite Office(Fukuoka)

Operations

Branch

Sales Office

Logistics Center

Affiliated Company

Hamamatsu Satellite Office

Hiroshima Satellite Office

Himeji

Hokuriku

Mishima Satellite Office

FORESIGHT TECHNO CO., LTD(Head Office:Koto-ku,Tokyo)

(As Of March31,2014)

IKEDA IRYOUDENNKI CO., LTD(Head Office:Niigata)

HOKUSHIN RIKA(Head Office:Nagano)

MatsumotoKofu

31

World-wide Sales Network


Marubun Corporation OtherMarubun/Arrow USA, LLC Marubun/Arrow Asia, Ltd.

Marubun/Arrow (Shanghai) Co., Ltd（Shanghai）

Marubun Arrow (Thai) Co., Ltd.(Bangkok)

Marubun Semicon (Shanghai) Co., Ltd.(Shanghai)

Marubun/Arrow (HK) Ltd.(Hong Kong)

Marubun Arrow (M) Sdn Bhd(Penang)

Marubun/Arrow (S) Pte Ltd (Singapore)

Dalian,ChinaNanjing,China

Kuala Lunpur,Malaysia

Marubun/Arrow Asia, Ltd.

Marubun/Arrow (Phips) Inc.(Manila,Philippines)

Marubun/Arrow USA, LLC(Head Office：Santa Clara)

Marubun Taiwan Inc.(Taipei)

Marubun Semicon (H.K.) Ltd.(Hong Kong)

Marubun Corporation

Denver

Chicago

Detroit

AtlantaDallas

San Diego

Foothill Ranch

Marubun Semicon (S) Pte Ltd. (Singapore)

(As Of March31,2014)

Marubun/Arrow (Shenzhen) Electronic Products Consulting Co., Ltd. (Shenzhen,China)

PT. Marubun Arrow Indonesia (Jakarta, Indonesia)

32

Wide Range of Products made by Leading Semiconductor Manufacturers

Global Sales Network in alliance with Arrow Electronics, Inc.

Broad Customer base.

Characteristic and Strength -Electronic Devices-


OurFunction

Supplier

Customer

Order

Purchase

Order

Sales

Broad Product Lineup

Design Activity

Technical Support

Global Support

Marketing

Just-in-Time Logistics

Electronic Devices

Affiliations -Electronic Devices-


* Marubun/Arrow USA, Future Technology & Service Co., Ltd. :Affiliate company

Electronic Devices

Company Headquarters Establishment Shares Principal Business

Marubun Semicon Corporation Minato-ku, Tokyo Mar. 2005 100.0%

Marubun Semicon (Shanghai) Co., Ltd. Shanghai, China Mar. 2005 100.0%

Marubun Semicon (H.K.) Ltd. Hong Kong, China Jan. 2010 100.0%

Marubun Semicon (S) Pte. Ltd. Alexandra Road, Singapore Nov.2013 100.0%

Marubun USA Corporation California, U.S.A. Oct. 1983 100.0% Devices Business/Holding Company

Marubun Taiwan, Inc. Taipei, Taiwan Nov. 1989 100.0% Devices Business

Marubun/Arrow Asia, Ltd. British Virgin Islands Oct. 1998 50.0% Devices Business/Holding Company

Marubun/Arrow (S) Pte Ltd. Anson Road, Singapore Mar. 1988 50.0%

Marubun/Arrow (HK) Ltd. Hong Kong, China Aug. 1994 50.0%

Marubun Arrow (Thailand) Co., Ltd. Bangkok, Thailand Oct. 2000 50.0%

Marubun/Arrow (Phils), Inc. Laguna, Philippines Oct. 2001 50.0%

Marubun Arrow (M) SDN BHD Penang, Malaysia Jun. 2006 50.0%

Marubun/Arrow (Shanghai) Co., Ltd. Shanghai, China Sep. 2002 50.0%

Marubun/Arrow (Shenzhen) ElectronicProduct Consulting Co.,Ltd.

Shenzhen, China Jun. 2013 50.0%

PT. Marubun Arrow Indonesia Jakarta, Indonesia Aug. 2013 50.0%

Marubun/Arrow USA, LLC* Delaware, U.S.A. Nov. 1998 50.0%

Future Technology & Service Co., Ltd. * Toshima-ku, Tokyo Nov. 2006 29.3% Devices Business

Devices Business

Devices Business

34

Main Products (by Application) -Electronic Devices-


Electronic Devices

Com

mun

icat

ion

Equi

pmen

t

Cons

umer

Equi

pmen

t

Com

pute

r &

OA

Auto

mob

ile

Indu

stria

lEq

uipm

ent

Semiconductor Analog ● ● ● ● ●

Discrete ● ● ● ●

Standard Logic IC ● ● ● ● ●

DRAM ● ● ● ●

Flash ● ● ●

MPU,MCU ● ● ● ● ●

DSP ● ● ● ●

ASSP ● ● ●

Display Driver ● ● ●

DMD ● ● ●

LED ●

Custom IC ● ● ● ●

Erectronic Components● ● ● ●

OELD ● ●

● ● ● ●

● ●

LCD Panel

Crystal DeviceBoard Computer

Application

Analog IC

Memory IC

Micro-Processor

Special-UseIC

Communication

Equipment

39.2%

Consumer

Electronics

23.7%

Computer &

OA Equipment

20.9%

Automobile

8.8%

Indstrial

Equipmet

7.4%

FY 3/14

¥220,325million

Asah

i Kas

eiM

icro

devi

ces

ISSI

Inte

rnat

iona

lRe

ctifi

er

Sam

sung

Seik

o Ep

son

Texa

sIn

stru

men

ts

Triq

uint

Free

scal

e

Broa

dcom

Max

im

Mol

ex

Semiconductor Analog ● ● ● ● ●

Discrete ● ●

Standard Logic IC ●

DRAM ● ●

Flash ●

MPU,MCU ● ● ●

DSP ● ● ●

ASSP ● ● ● ● ● ● ●

Display Driver ● ● ●

DMD ●

LED ●

Custom IC ● ● ● ●

Erectronic Components●

OELD ●

●

●

Supplier

Micro-Processor

Special-UseIC

LCD Panel

Crystal DeviceBoard Computer

Analog IC

Memory IC

Main Products(by Supplier) -Electronic Devices-


Electronic Devices

Providing Unrivaled Products in High-end Markets Value-added Technical Support

(System Integration, Installation and Maintenance Services)

Characteristic and Strength -Electronic Systems-


Order

Purchase

Order

Sale

Development cooperation

Technical support

Consultation

Marketing

Supplier

Customer

Operation Training

Maintenance

Repair

Calibration

Our Function

Electronic Systems

Affiliations -Electronic Systems-


Electronic Systems

*Ikeda iryoudenki :Affiliate company

Company Headquarters Establishment Shares Principal Business

Marubun Tsusho Co.,Ltd. Kanazawa, Ishikawa Mar. 1961 100.0% Systems Business

Hokushinrika Nagano, Nagano Nov. 1951 100.0% Systems Business

Ikeda iryoudenki Co.,Ltd. * Niigata, Niigata Aug. 1961 41.0% Systems Business

Marubun West Corporation Kobe, Hyogo May. 2005 100.0% Systems Business

Foresight Techno Co.,Ltd. Koto-ku, Tokyo Mar. 1999 51.0% Systems Business

38

Main Products -Electronic Systems-


Electronic Systems

Segment Main Products Major Supplier

High-reliability Components,Sensors

Tele Communication Systems、Plascore,Lavision

Avionics Test System,Microwave Equipment

AAI,CPI,L3 Communications

Measurement & InspectionEquipment

Uni-Hite System,Akim,DCG systems, HIMEC

Manufacturing EquipmentSeiko Epson,Nippon Avionics

ScientificEquipment

MOCVD System,in-situ monitoring system

AIXTRON,LayTec

Laser Oscillators & ProcessingEquipment

Laserline,nLight

Network Equipment,Optical Components

Microsemi,Calnex Solutions,EXFO,Excelitas Technologies

Diagnostic ImagingEquipment

Shimadzu,Siemens Japan,Konica Minolta Healthcare

Hemo Dialysis EquipmentNikkiso,Asahi Kasei Medical,Kaneka Medix

MedicalEquipment

Measurement & InspectionEquipment

Space andDefense

Electronics

Laser Equipmen

Space and

Defense

Electronics

12.4%

Measurement &

Inspection

Equipment

33.5%

Scientific

Equipment

0.9%

Laser Equipment

10.2%

Medical

Equipment

43.0% ElectronicSystemsFY 3/14

40,098 million

Trend in Net Sales/Gross Profit/SG&A expenses


49,68753,35054,877

62,285

55,796

63,57668,073

72,976

7.6% 7.9% 7.4%

9.2%

7.0% 7.1% 6.8%7.9%

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

Net Sales Gross Profit margin

（¥ million） 3,768 3,7183,570

3,713 3,635 3,638 3,651

4,005

7.6% 7.0% 6.5%6.0% 6.5% 5.7% 5.4% 5.5%

0.0%

10.0%

20.0%

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

SG&A expenses SGA ratio（¥ million）

3,718 3,713 3,6353,768

3,570

40

Trend in Orders/Sales


Orders Sales

44,536 44,546 48,223 49,941 50,550 54,39959,038 56,337

5,151 8,8046,654

12,3435,246

9,1779,035 16,638

49,68753,350 54,877

62,285

55,796

63,57668,073

72,976

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

Electronic Devices Electronic Systems

（¥ million）

43,413 46,329 45,22052,411 55,697 54,890 53,257

61,649

8,1678,881 7,886

8,18110,673 10,355 11,386

7,829

51,58155,210 53,107

60,59366,371 65,246 64,644

69,478

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

Electronic Devices Electronic Systems（¥ million）

41

Trend in Sales of Electronic Devices by Products


7,140 6,966 6,869 7,968 6,571 7,621 8,437 10,882687 635 547 621 842 589 490

3645,017 6,138 7,3749,254 8,376 8,869 8,635

10,0783,461 3,173 3,1193,328

2,729 2,680 2,8303,33216,473 18,051

20,61617,865 22,750 22,453 24,618 19,4343,749 2,568

3,151 3,0402,163 3,431

2,803 3,290

7,931 6,8936,501 7,877 6,966

8,48211,082 9,196

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

Electronic Components

Custom IC

Special-Use IC

Micro-Processor

Memory IC

Standard Logic IC

Analog IC

（¥ million）

44,536 44,54648,223 49,941 50,550

54,399

59,03856,337

42

Trend in Sales of Electronic Devices by Applications


34.8%42.0% 43.3% 40.9%

46.3%40.6% 38.4%

32.4%

31.6%27.4% 25.7%

22.4%

24.4%27.6%

17.5% 25.9%

12.1%13.8% 14.3%

16.0%

13.6% 15.5%29.6% 23.6%

9.5%9.7% 9.1%

10.4%9.0% 9.2% 7.3% 9.7%

12.0%7.0% 7.5% 10.4% 6.7% 7.1% 7.2% 8.4%

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

Industrial

Equipment

Automobile

Computer & OA

Consumer

Equipment

Communication

Equipment

43

Trend in Sales of Electronic Systems


639 1,302 9781,912

605 1,046 1,226 2,1051,565

2,6732,087

3,543

1,835

3,192 3,310

5,087

112

640602

1,266

43

73 60

164

537

719656

1,085

681

984 805

1,628

2,299

3,470

2,330

4,538

2,082

3,881 3,635

7,653

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY3/13 FY3/14

Medical Equipment

Laser Equipment

Scientific Equipment

Measurement & Inspection

Equipment

Space and Defense

Electronics

（¥ million）

5,151

8,804

6,654

12,343

5,246

9,177 9,035

16,638

44

Cautionary Statement

45

Within the presentation, information on the future performance such as results forecasts isbased on the data available at the time this presentation was prepared that the Companyassumes reasonable. Actual performance depends on various important factors and maydiffer significantly from the estimates contained herein.

MARUBUN CORPORATIONCORPORATE PLANNING Dept.PHONE +81-3-3639-3010E-mail [email protected]

Contact


Documents

Financial Results for the Fiscal Year Ended March 31, 2014 · Through a joint research with ULVAC, Inc., TOKYO OHKA KOGYO CO., LTD., TOSHIBA MACHINE CO., LTD., as well as The National