(TRANSLATION) This brief statement on FY2009 (ending January 31, 2010) is released pursuant to the requirements under the listing rules of, and reported to, the Tokyo Stock Exchange.
1

Brief Statement on Consolidated Financial Results for the Third Quarter (ended October 31, 2009) of Fiscal Year 2009 (ending January 31, 2010)

December 1, 2009

Company name: SUMCO Corporation TSE First Section
Code: 3436 URL:
http://www.sumcosi.com/
Representative: Yoichi Taguchi, President
Contact person: Hiroshi Shibuya, General Manager, Public Relations & IR Department (Tel: +81-3-5444-3915)
Scheduled date of filing of quarterly security report: December 15, 2009
Scheduled date of commencement of dividend payment: ―
(Amounts smaller than one million yen are rounded down)
1.

Consolidated Business Results for the Third Quarter (February 1, 2009–October 31, 2009)
of Fiscal Year 2009 (ending January 31, 2010)

(1)

Consolidated Financial and Operating Results (fiscal year-to-date)
(Percentages indicate year-on-year changes)

Net sales
Operating profit
Ordinary profit
Net income

(million yen)
(%)
(million yen)
(%)
(million yen)
(%)
(million yen)
(%)
Q3 of FY2009
156,712
― (66,921)
― (87,150)

― (71,612)
―
Q3 of FY2008
333,555 (5.1)
60,094 (42.7)
56,149 (44.5) 29,591 (46.6)
Net income per share for quarter
Diluted net income per share for quarter

(yen) (yen)
Q3 of FY2009
(277.84)
―
Q3 of FY2008
117.08
―

(2) Consolidated Financial Position

Total assets
Net assets
Shareholders’ equity ratio
Net assets per share

(million yen)
(million yen)
(%)
(yen)
Q3 of FY2009
720,137
312,732
40.6
1,133.08
FY2008 733,897
389,521
49.8
1,419.24
(Reference) Shareholders’ equity: Q3 of FY2009: 292,048 million yen; FY2008: 365,807 million yen
2. Dividend Payments

Dividends per share
(Record date)
End of first
End of second
End of third
End of fiscal
Full year
quarter
(yen)
quarter
(yen)
quarter
(yen)
year
(yen)
(yen)
FY2008
― 27.50
― 12.50
40.00
FY2009
― 0.00
FY2009 (Forecast)

― 0.00
0.00
(Note) Revision of dividend forecast in the quarter under review: No



SUMCO Corporation: Consolidated Financial Results for Third Quarter of FY2009
2
3. SUMCO Corporation: Consolidated Financial Results for Third Quarter of FY2009
(Percentages indicate year-on-year changes)

Net sales
Operating profit
Ordinary profit
Net income
Net income
per share

(million yen)
(％)
(million yen)
(％)
(million yen)
(％)
(million yen)
(％)
(yen)
Full year
220,000 (43.9)
(80,000)
―
(110,000)
―
(100,000) ― (387.97)
(Note) Revision of consolidated business results forecast in the quarter under review: No

4. Others

(1)

Changes in important subsidiaries during the period under review (changes in specific subsidiaries involving
modifications to the scope of consolidation): Yes
New subsidiaries: ― companies (Name: )
Subsidiaries excluded: 1 company (Name: SUMCO USA Sales Corporation)
(Note) For details, refer to “4. Others” under “Qualitative Information and Financial Statements” on page 3.

(2)

Application of simplified or special accounting methods in preparation of quarterly consolidated financial
statements: No

(3)

Changes in accounting principles, procedures, and presentation methods for preparing quarterly consolidated
financial statements (as described in “Modifications to Important Matters Forming the Basis of Preparation of
Quarterly Consolidated Financial Statements”)
[1] Changes associated with revision of accounting standards, etc.: Yes
[2] Changes other than [1]: No
(Note: For details, refer to “4. Others” under “Qualitative Information and Financial Statements” on page 3.)

(4) Number of issued shares (common stock)
[1] Issued shares as of end of period (including treasury stock):
257,751,739 shares as of end of third quarter of FY2009; 257,751,739 shares as of end of FY2008
[2] Treasury stock as of end of period:
3,805 shares as of end of third quarter of FY2009; 3,113 shares as of end of FY2008
[3] Average number of shares during period (Fiscal year-to-date):
257,748,277 shares during third quarter of FY2009; 252,735,556 shares during third quarter of FY2008
* Explanations regarding appropriate use of business results forecast and other special instructions:
1.

Beginning with fiscal year 2009, the Company is applying ASBJ Statement No. 12: Accounting Standard for Quarterly Financial Reporting and ASBJ Guidance No. 14: Guidance on Accounting Standard for Quarterly Financial Reporting. Furthermore, the Company is preparing its quarterly consolidated financial statements in
accordance to Rules for Quarterly Consolidated Financial Reporting.

Business results forecast and other forward-looking statements contained in this Brief Statement on
Consolidated Financial Results are based on information currently available to the Company and on certain
assumptions that the Company considers to be reasonable. Actual results may differ significantly from those
projected in the forward-looking statements as a result of various factors.

SUMCO Corporation: Consolidated Financial Results for Third Quarter of FY2009
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Qualitative Information and Financial Statements
1. Qualitative Information on Consolidated Financial and Operating Results

During the quarter under review, demand in the semiconductors market remained on a path of recovery that had
started during the early spring. This recovery was centered on semiconductor demand for personal computers,
mobile phones, and LCD televisions.

While demand for silicon wafers for semiconductors continued to recover, prices remained at low levels.
Primarily for this reason, the SUMCO Group continued to face difficult conditions in terms of profits. At the same
time, demand for silicon wafers for solar energy cells remained generally sluggish, with the exception of certain
areas where signs of a recovery in demand were seen.

In this business environment, the SUMCO Group continued to implement management measures to scale back on
capital investment, overhaul its operational structure, and reduce its labor costs and other expenses. Additionally,
the SUMCO Group is moving forward on various initiatives for realizing its “Main Points in Business
Restructuring Plan,” which is aimed at creating a more robust corporate foundation and ensuring recovery in
profitability. In its current phase, the Plan is centered on restructuring the Company’s small-diameter wafer
manufacturing facilities.

As a result, for the third quarter (February 1, 2009–October 31, 2009), the SUMCO Group registered consolidated
net sales of 156,712 million yen, operating loss of 66,921 million yen, ordinary loss of 87,150 million yen, and net
loss of 71,612 million yen.
2. Qualitative Information on Consolidated Financial Position

Total assets at the end of the quarter under review amounted to 720,137 million yen, a decrease of 13,759 million
yen from the end of the previous fiscal year. This was mainly due to the following developments. Cash and time
deposits increased by 43,568 million yen. On the other hand, tangible fixed assets decreased by 66,588 million
yen as a result of depreciation charges.

Total liabilities at the end of the quarter under review amounted to 407,404 million yen, an increase of 63,028
million yen over the end of the previous fiscal year. The main contributing factors were the following. Notes and
accounts payable decreased by 9,455 million yen. On the other hand, short-term loans payable and long-term
loans payable increased by 81,124 million yen in total.

Net assets amounted to 312,732 million yen, down 76,788 million yen from the end of the previous fiscal year.
This primarily reflected a net loss of 71,612 million yen and a decrease of 74,834 million yen in retained earnings
due to dividend payments of 3,221 million yen made for the previous fiscal year.
3. Qualitative Information on Consolidated Business Results Forecast

The Company’s full-year forecast of business results is shown in “Consolidated Business Results Forecast for
Fiscal Year 2009” appearing on page 2. No changes have been made in the forecasts disclosed on September 4,
2009.
4. Others

(1) Changes in important subsidiaries during the period under review (changes in specific subsidiaries involving
modifications to the scope of consolidation)

SUMCO USA Sales Corporation, a specific subsidiary of the Company, ceased to exist on August 31, 2009 when
it was acquired and absorbed by SUMCO Phoenix Corporation, a specific subsidiary of the Company.

(2) Changes in accounting principles, procedures, and presentation methods for preparing quarterly consolidated
financial statements

Application of Accounting Standard for Quarterly Financial Reporting and Guidance on Accounting Standard for
Quarterly Financial Reporting

Beginning with fiscal year 2009, the Company is applying ASBJ Statement No. 12: Accounting Standard for
Quarterly Financial Reporting and ASBJ Guidance No. 14: Guidance on Accounting Standard for Quarterly
Financial Reporting. Furthermore, the Company is preparing its quarterly consolidated financial statements in

SUMCO Corporation: Consolidated Financial Results for Third Quarter of FY2009
4
accordance with Rules for Quarterly Consolidated Financial Reporting.

SUMCO Corporation: Consolidated Financial Results for Third Quarter of FY2009
5
5. Consolidated Financial Statements
(1)

Consolidated Balance Sheet
(million yen)

End of Q3 of FY2009
(October 31, 2009)
End of FY2008
(January 31, 2009)
Assets

Current assets

Cash and time deposits
97,524
53,955
Notes and accounts receivable
46,657 45,614
Merchandise and finished goods
16,760
20,775
Work in process
18,032 17,696
Raw materials and supplies
42,958
45,072
Others
13,106 19,948
Allowance for doubtful accounts
(2,017)
(3,134)
Total current assets
233,022 199,928
Fixed assets
Tangible fixed assets
Buildings and structures (net)
134,030
125,598
Machinery and transportation equipment
(net)
195,060 195,461
Land
20,575
20,574
Construction in progress
18,705 92,869
Others (net)
2,378
2,836
Total tangible fixed assets
370,750 437,339
Intangible fixed assets
Goodwill
38,038 40,315
Others
7,080
7,130
Total intangible fixed assets
45,118 47,445
Investments and other assets
Investment securities
1,752 845
Others
71,051
48,338
Allowance for doubtful accounts
(1,558) (1)
Total investments and other assets
71,245
49,183
Total fixed assets
487,115 533,968
Total assets
720,137
733,897