1
SUMCO

Results Briefing for the First Half of Fiscal Year 2008

(ending January 31, 2009)
1
Notes Regarding the Forecasts
Business results forecast as well as the future outlook provided

in this material
were prepared by SUMCO based on the presently available information, and thus contain potential risks and uncertainties. Therefore, please note that the actual results may differ from these forecasts due to change in various factors.

2
Contents
１．
１．
Summary of Results for the
Summary of Results for the
1
1
st
st

Half of Fiscal Year 2008 (ending January 31, 2009)
Half of Fiscal Year 2008 (ending January 31, 2009)
1-1

Management Actions in the 1stHalf of FY2008 (ending Jan31, 2009)
1-2

Summary of Results
1-3

Analysis of Change in Operating Profit
1-4

Balance Sheet
1-5

Cash Flow
1-6. Forecast Consolidated Results for FY 2008 (ending Jan31, 2009)
２．
２．
Topics in the Semiconductor Market
Topics in the Semiconductor Market
2-1

Semiconductor Market Growth
2-2

Changes in Semiconductor Demand Forecasts
2-3 Global Mobile Phone Shipments; Actual Results and Forecasts2-4

Global ＰＣ

Shipments; Actual Results and Forecasts
2-5 Profits Margins of Semiconductor Companies
2-6

Global Semiconductor Capital Expenditure Plan
2-7

Divergence between Semiconductor Shipment Volume and Amount
2-8 Divergence between Memory Shipment Volume and Amount2-9 300mm Medium Term Investment Plan
３．
３．
Solar Wafer Business
Solar Wafer Business
3-1

Demand Forecast and Business Plan
3-2

Forecast for Demand Structure by Product-type
3-3

Construction of New Imari

Solar Wafer Plant.
Moving Ahead Quickly.
2

3
3
1-1.

Management Actions in the 1
st

Half of FY 2008
●

Commenced commercial shipment from a new 300mm

Plant (Kubara), Imari-shi

：02/ 2008.
●

Commenced the construction of a new Imari

solar wafer plant ：

05/2008.
●

Commenced the construction of a new Imari

Technology Development Center to
centralize next generation technology development：05/2008.
●

Acquired treasury stock（total amount 30 billion yen）：03/2008
●

Converted SUMCO TECHXIV

to a wholly owned subsidiary：

05/2008
●

Integrated SUMCO-TECHXIV

Sales &

Technology Division to SUMCO Corporation ：

08/2008
●

Long-term bond rating to A+ from A （by Japan Credit Rating Agency）：05/2008
●

Organizing of overseas sales bases：

in operation
As a result ,
As a result ,
SUMCO
SUMCO
’
’
s
s

managerial foundation has certainly solidified. The
managerial foundation has certainly solidified. The
D/E
D/E

ratio stayed
ratio stayed
0.36
0.36
, and the shareholders
, and the shareholders
’
’

equity ratio improved
equity ratio improved
4.1
4.1
points.
points.

4
1-2.Summary Results
(Compared with Announced Forecast)
1st H of FY2008 1st H of FY2008
(Compared withAnnouncedForecast)
(Actual Results)
A
B
B-A
Sales
230.0
227.1
△2.9
Operating Profit
46.0
47.2
1.2
（Operating profit margin）
(20.0%)
(20.8%)
(0.8%)
Ordinary Profit
44.0
46.5
2.5
Extraordinary Loss
0.0
△1.3
△1.3
Net Income
25.0
25.6
0.6
Capital Expenditure
76.7
Depreciation
42.4
Operating Income beforeDepreciation
90.8
Exchange Rate Yen/US$
105 Yen
105.2Yen
0.2 Yen
Change
4
(Note) Operating Income before Depreciation＝Operating Income＋Depreciation＋Goodwill
（Billion yen）

5
1-3.Analysis of Change in Operating Profit

（

Results forecast →

Actual Results ）
417
416
417
440
465
472
460
23
6
25
1
△43
Quantity,
Product-mix
and Price
1H 2008 PLAN
Operating Profit
1H 2008 RESULT
Operating Profit
Foreign
Exchange
Cost
reduction &
Synergic
effect
Depreciation
Others
5
（100 million yen）