Tokyo Seimitsu Co., Ltd · TSE:7729

Tokyo Seimitsu — Q3 FY2009 Earnings Presentation

23 slides from Tokyo Seimitsu's earnings presentation, Feb 13, 2009

  1. Slide 1: Announcement of 3Q FY2009 Business Results (April to December 2008)

    Announcement of 3Q FY2009 Business Results (April to December 2008) February 13, 2009 TOKYO SEMITSU CO., LTD. 1 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  2. Slide 2: Cautionary Statement with respect to Forward-Looking Statements

    Cautionary Statement with respect to Forward-Looking Statements Disclaimer: This presentation data and the information which our representatives present verbally contain “forward-looking statements” that are based on current best available information and policies. There are various factors such as

  3. Slide 3: Announcement of 3Q FY2009 Business Results

    Announcement of 3Q FY2009 Business Results 4 00 Opening 4 00 – 4 10 3Q FY2009 Business Results Kunimasa Ohta, CFO 4 10 – 4 20 Forecasts for FY2009 Market Circumstances and Our Actions Kazuo Fujimori, President 3 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  4. Slide 4: 3Q FY2009 Business Result: 9 months from April to December 2008

    3Q FY2009 Business Result : 9 months from April to December 2008 Total of 9 months, Billions of Yen FY2007 FY2008 FY2009 YoY Sales 71.4 69.3 39.6 -43% Semiconductor 55.4 51.8 22.5 -57% Metrology 16.0 17.5 17.1 -2% Operating Income 11.3 7.9 1.0 -87% Semiconductor 7.5 3.7 -2.3 - Operating Income Ratio

  5. Slide 5: 3Q Business Result Quarterly

    3Q Business Result Quarterly FY2008 FY2009 2Q 3Q 4Q 1Q 2Q 3Q YoY Sales 23.1 26.8 19.5 22.5 14.9 16.9 7.8 -60% Semiconductor 18.2 20.0 13.6 15.7 9.1 10.1 3.2 -76% Metrology 4.9 6.8 5.9 6.8 5.8 6.8 4.6 -22% Operating Income 2.7 3.2 2.0 2.6 1.2 0.9 -1.1 - Semiconductor 1.6 1.4 0.7 0.8 -0.1 -0.5 -1.7 -

  6. Slide 6: Trend of Semiconductor Business

    Trend of Semiconductor Business Sales Operating Income (Billions of Yen) (Billions of Yen) 30 Sales Operating Income 5 25 4 3 20 2 15 1 0 10 -1 5 -2 0 -3 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q P FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 6 Copyright 2008 Tokyo Seimits

  7. Slide 7: Order Status of Semiconductor Business

    Order Status of Semiconductor Business Billions of Yen Order Order Backlog 25 20 15 10 5 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q P FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 7 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  8. Slide 8: Semiconductor / Regional Sales

    Semiconductor / Regional Sales Oversea Sales 57% 61% 70 56% 60 (Billions of Yen) 50 60 55.4 South East 51.7 East Asia 31.5 40 31.7 Europe U.S. 22.5 20 12.7 Japan 23.9 20.0 9.8 0 FY2007 3Q FY2008 3Q FY2009 3Q (9 months) (9 months ) (9 months) 8 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reser

  9. Slide 9: Trend of Metrology Business

    Trend of Metrology Business Sales Operating Income (Billions of Yen) (Billions of Yen) Sales Operating Income 8 2 1.8 7 1.6 6 1.4 5 1.2 4 1 0.8 3 0.6 2 0.4 1 0.2 0 0 Q Q Q Q Q Q Q Q Q Q Q Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q P FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 9 Copyright 2008 Tokyo Seimits

  10. Slide 10: Order Status of Metrology Business

    Order Status of Metrology Business Billions of Yen Order Order Backlog 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Q Q Q Q Q Q Q Q Q Q Q Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q P FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 10 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  11. Slide 11: Metrology / Regional Sales

    Metrology / Regional Sales Oversea Sales (Billions of Yen) 23% 25 19% 19% 20 20 15 17.5 17.1 16.0 15 4.0 3.3 Overseas 3.0 10 13.5 13.8 13.0 5 Japan 0 FY2007 3Q FY2008 3Q FY2009 3Q (9 months) (9 months ) (9 months) 11 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  12. Slide 12: Balance Sheet

    Balance Sheet Billions of Yen Liabilities/ Assets 3/08 12/08 Difference 3/08 12/08 Difference Net Assets Account Cash & Cash Payable 19.5 10.3 -9.2 Equivalents 15.7 12.8 -2.9 Bond-Debt 18.4 10.5 -7.9 Account Other 6.6 3.3 -3.3 Receivable 32.3 19.0 -13.3 Total Current Liabilities 44.5 24.1 -20.4 Tota

  13. Slide 13: Cash Flow for 9 months (April to December 2008)

    Cash Flow for 9 months ( April to December 2008) Billions of Yen) FY2007 3Q FY2008 3Q FY2009 3Q Opening Balance 13.9 16.8 15.7 Activities From Operating Income before Tax, Interest & Depreciation 12.8 9.8 -6.9 Decrease in Receivables, Inventories + -7.9 -0.8 11.9 Increase in Payables Tax Payments -1

  14. Slide 14: Forecast for R&D, Capex & Depreciation

    Forecast for R&D, Capex & Depreciation (Billions of Yen) 9 7.9 7.6 7.7 8 7 6.3 6.2 6.2 6 5 3.8 4.0 4 3.3 Depreciation 3 2.7 2.8 2.52.9 2.6 2.7 4.7 2 3.0 1 2.0 0 FY2005 FY2006 FY2007 FY2008 FY2009(P) 14 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  15. Slide 15: Announcement of 3Q FY2009 Business Results

    Announcement of 3Q FY2009 Business Results 4 00 Opening 4 00 – 4 10 3Q Business Results Kunimasa Ohta, CFO 4 10 – 4 20 Forecasts for FY2009 Market Circumstances and Our Actions Kazuo Fujimori, President 15 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  16. Slide 16: Forecast for FY2009

    Forecast for FY2009 FY08 FY09 FY09 YoY As of November 2008 As of February 2009 Billions of Yen Full year 1H 2H Full year 1H 2H Full year Sales 91.8 31.8 21.2 53.0 31.8 13.7 45.5 -50% Semiconductor 67.5 19.2 10.8 30.0 19.2 5.0 24.2 -64% Metrology 24.4 12.6 10.4 23.0 12.6 8.7 21.3 -13% Operating 10.5

  17. Slide 17: Business Review & Extraordinary Losses

    Business Review & Extraordinary Losses Wafer Inspection System : Related Loss 4.7 Billion Yen New Development Discontinued Support of Existing Machine Continues Restructuring of USA Business : Related Loss 2.5 Billion Yen Device Edge System Development Suspended The Company to be Liquidated Other Ex

  18. Slide 18: Market Condition

    Market Condition Semiconductor Prepared for FY2010 to be Worse than FY2009 Expect to recover in FY2011 Metrology Slow Capex in Auto Industry will Cause Continued Severity Timing of Recovery Uncertainty 18 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  19. Slide 19: Immediate Plans (1)

    Immediate Plans (1) Sales Promotion R & D Investment Changeover & Retrofit Processing on Contract & Entrusted Measuring Promotion of Service Business Maintenance Contract & Consumables 19 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  20. Slide 20: Immediate Plans (2): Cost Reduction

    Immediate Plans (2):Cost Reduction Personnel Reduce Headcount Persons (Reference Data) 3/08 9/08 9/09 Total 2,198 2,020 1,200 ( + ) Target of FY2010/ 1H Total 1,200 Headcount • Termination of Temporary Employee • Decrease by Fixed-age Retirement • Solicitation of Voluntary Retirement Decrease of Com

  21. Slide 21: Actions for Upturn Semiconductor

    Actions for Upturn Semiconductor Development Strategy Focus on Growing End-Products SSD Card / High Brightness LED / MEMS Operation Operation with Fewer Workforce Development Matrix Management of Product/ Function (Mechanical / Electric/ Software) Manufacturing Mixed Product Line/ Multi-Skilled Work

  22. Slide 22: Actions for Upturn Metrology

    Actions for Upturn Metrology Development Strategy Expansion of lineup Environment - Friendly Models / Functions Less Dependence on Auto (Wind Power, Aircraft etc) Line up for Overseas market New Software for Customer Operation Contribute to Cost Reduction Service Business by Metrology Center (Measur

  23. Slide 23: Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

    23 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

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