Tokyo Seimitsu Co., Ltd · TSE:7729

Tokyo Seimitsu — FY2009 Earnings Presentation

27 slides from Tokyo Seimitsu's earnings presentation, May 18, 2009

  1. Slide 1: Announcement of FY2009 Business Results (April 2008 to March 2009)

    Announcement of FY2009 Business Results (April 2008 to March 2009) May 18th, 2009 Tokyo Seimitsu Co., Ltd Kazuo Fujimori, President Kunimasa Ota, CFO Copyright 2009 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 suc

  3. Slide 3: Agenda

    Announcement of FY2009 (April 2008 – Mar 2009) Business Results Agenda 16：30 Opening 16：30 – 16：45 FY2009 Business Results Kunimasa Ohta, CFO 16：45 – 17：00 FY2010 Forecasts Market Circumstances and Our Actions Kazuo Fujimori, President Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

  4. Slide 4: Agenda: FY2009 Business Results

    Announcement of FY2009 (April 2008 – Mar 2009) Business Results Agenda 16：30 Opening 16：30 – 16：45 FY2009 Business Results Kunimasa Ohta, CFO 16：45 – 17：00 FY2010 Forecasts Market Circumstances and Our Actions Kazuo Fujimori, President Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

  5. Slide 5: FY2009 Business Result

    FY2009 (April 2008- Mar 2009) Business Result FY2009 Unit: Billions of Yen FY2008 FY2009 YoY（％） Forecast difference Feb/09 Sales 91.8 45.7 △50.2% 45.5 0.2 Semiconductor 67.5 24.7 △63.3% 24.2 0.5 Metrology 24.3 21.0 △13.8% 21.3 △0.3 Operating Income 10.4 △ 2.5 － △ 2.5 - Semiconductor 4.4 △5.9 － - - O

  6. Slide 6: FY2009 Business Result (per quarter)

    FY2009 Business Result (per quarter ) FY08 FY2009 Unit: Billions of Yen 4Q 1Q 2Q 3Q 4Q YoY Sales 22.5 14.9 16.9 7.8 6.1 Δ73% Semiconductor 15.7 9.1 10.1 3.2 2.3 Δ86% Metrology 6.8 5.8 6.8 4.6 3.8 Δ44% Operating Income 2.6 1.2 0.9 Δ 1.1 Δ 3.5 - Semiconductor 0.8 Δ0.1 Δ0.5 Δ1.7 Δ3.6 - Operating Income

  7. Slide 7: Company Structural Reform

    Company Structural Reform  Wafer Inspection System : extraordinary loss 4.6 Billion Yen  New Development Discontinued  Support of Existing Machine Continues  Restructuring of USA business : extraordinary loss 2.5 Billion Yen  Device Edge System Development Suspended  The Company to be Liquidat

  8. Slide 8: Trend of Semiconductor Business

    Trend of Semiconductor Business Sales Operating Income (Billions of Yen) (Billions of Yen) Operating 300 30 売上高 Sales 営業利益 Income 60 6 250 25 40 4 200 20 2 20 150 15 00 100 10 -2 -20 50 5 -40 -4 00 -60 -6 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2004 FY2005 FY2006 FY

  9. Slide 9: Order Status of Semiconductor Business

    Order Status of Semiconductor Business (Billions （億円） of Yen) Order 受注高 Order 受注残高 Backlog 300 30 250 25 200 20 150 15 100 10 50 5 00 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q -50 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 Copyright 2009 Tokyo Seimitsu Co., Ltd. All righ

  10. Slide 10: Semiconductor / Regional Sales

    Semiconductor / Regional Sales Oversea Sales 70% (Billions 59% 59% of Yen) 56% 60% 50% 100 80 78.0 South East 67.5 60 East Asia 46.2 39.5 40 Europe U.S. 24.7 20 13.9 Japan 31.8 28.0 0 10.8 FY2007 FY2008 FY2009 Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

  11. Slide 11: Trend of Metrology Business

    Trend of Metrology Business Sales Operating Income (Billions of Yen) (Billions of Yen) Sales Operating 売上高 営業利益 Income 8 80 2.0 20 7 70 18 1.8 1.6 16 6 60 1.4 14 50 5 1.2 12 40 4 1.0 10 0.8 8 30 3 0.6 6 20 2 0.4 4 1 10 0.2 2 0 0.0 0 １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3

  12. Slide 12: Order Status of Metrology Business

    Order Status of Metrology Business (Billions of Yen) （億円） 8 Order Order 受注高 受注残高 80 Backlog 7 70 6 60 5 50 4 40 3 30 2 20 1 10 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 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserv

  13. Slide 13: Metrology / Regional Sales

    Metrology / Regional Sales Oversea Sales 22% 25% 19% 19% (Billions of Yen) 20% 30 15% 25 24.3 22.2 21.0 5.3 20 Overseas 4.2 4.0 15 10 Japan 18.0 19.0 17.0 5 0 FY2007 FY2008 FY2009 Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

  14. Slide 14: FY2009 Balance Sheet

    FY2009 Balance Sheet （Billions of Yen） Liabilities/ Assets Mar/08 Mar/09 Difference Mar/08 Mar/09 Difference Net Assets Account Payable 19.5 5.3 Δ14.2 Cash 15.7 17.6 1.9 Bond-Debt 18.4 14.6 Δ3.8 Account Other 6.6 5.0 Δ1.6 Receivable 32.3 11.9 Δ20.4 Total Current Liabilities 44.5 24.9 Δ19.7 Total Fix

  15. Slide 15: FY2009 Cash Flow

    FY2009 Cash Flow （Billions of Yen) FY2007 FY2008 FY2009 Opening Balance 13.8 16.8 15.7 Activities From Operating Income before Tax, Interest & Depreciations 16.1 11.9 Δ11.0 (Receivable + Inventories) – Account Payable Δ4.9 3.1 14.8 Tax Payment Δ2.2 Δ4.7 Δ2.6 Others 2.0 Δ0.3 1.7 Total 11.0 10.0 2.9 F

  16. Slide 16: R&D, Capex & Depreciation

    R&D, Capex & Depreciation （ Billions of Yen） 9.0 R&D 7.9 7.6 7.7 8.0 7.0 6.3 6.2 6.1 Capex 6.0 5.0 Depreciation 3.8 4.0 4.0 3.5 2.7 2.8 2.9 2.6 2.8 3.0 2.5 2.0 1.0 0.0 FY2005 FY2006 FY2007 FY2008 FY2009 Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

  17. Slide 17: Agenda: FY2010 Forecasts

    Announcement of FY2009 (April 2008 – Mar 2009) Business Results Agenda 16：30 Opening 16：30 – 16：45 FY2009 Business Results Kunimasa Ohta, CFO 16：45 – 17：00 FY2010 Forecasts Market Circumstances and Our Actions Kazuo Fujimori, President Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

  18. Slide 18: Market Conditions

    Market Conditions Semiconductor Production Equipment  Will decrease from FY2009  Sales and Operating Income will increase from FY08Q4 bottom  With potential recovery, positive YoY from FY2010/2H Metrology Equipment  Slow Capex in Auto Industry will Cause Continued Severity on FY2010  Slow Rec

  19. Slide 19: Forecast for FY2010

    Forecast for FY2010 FY2008 FY2009 FY2010 Forecast Billionss of Yen 1H 2H 1H 2H 1H YoY 2H YoY Sales 49.9 41.9 31.8 13.9 11.0 Δ65% 15.0 8% Semiconductor 38.2 29.3 19.2 5.5 6.5 Δ66% 9.5 73% Metrology 11.7 12.6 12.6 8.4 4.5 Δ64% 5.5 Δ35% Operating Income 5.9 4.5 2.1 Δ4.6 Δ1.5 - Δ0.4 - Operating Income R

  20. Slide 20: Trend of Semiconductor Business incl. Forecast

    Trend of Semiconductor Business incl. Forecast Sales Operating Income (Billions of Yen) (Billions of Yen) Sales Operating 300 30 売上高 営業利益 Income 5.0 50 4.0 40 250 25 3.0 30 200 2.0 20 20 1.0 10 15 150 0 0.0 -1.0 -10 10 100 -2.0 -20 5 -3.0 -30 50 -4.0 -40 00 -5.0 -50 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

  21. Slide 21: Order Status of Semiconductor Business (incl. Forecast)

    Order Status of Semiconductor Business (incl. Forecast) (Billions (億円)of Yen) 30 300 Order Order 受注高 受注残高 Backlog 25 250 20 200 15 150 10 100 5 50 00 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q -50 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 (Fcst) Copyright 20

  22. Slide 22: Trend of Metrology Business incl. Forecast

    Trend of Metrology Business incl. Forecast Sales Operating Income (Billions of Yen) (Billions of Yen) 8 80 Operating 2.0 20 Sales 売上高 営業利益 Income 1.8 18 70 7 1.6 16 60 6 1.4 14 50 5 1.2 12 40 4 1.0 10 3 30 80.8 60.6 2 20 40.4 1 10 0.2 2 0.0 0 0 １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q １Q ２Q ３Q ４Q 1Q 2Q 3Q 4Q 1Q 2Q 3

  23. Slide 23: Order Status of Metrology Business (incl. Forecast)

    Order Status of Metrology Business (incl. Forecast) （Billions of Yen） 80 8 Order 受注高 Order 受注残高 Backlog 70 7 6 60 50 5 40 4 30 3 20 2 10 1 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 1Q 2Q FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 (Fcst) Copyright 2009 Tokyo Seim

  24. Slide 24: Points of Forecast for FY2010 (1)

    Points of Forecast for FY2010(1) Be Lean: Cost Reduction (40%)  Human Cost Reduction : （unit:; person）  Personnel Reduction Mar/31/08 Mar/31/09 Apr/30/09 Total 2,198 1,495 1,170 (Employees + Temporary Employees) ・ by Voluntary Retirement, Temporary Employee adjustment, and compulsory retirement 

  25. Slide 25: Points of Forecast for FY2010 (2)

    Points of Forecast for FY2010(2) Be Lean R&D, Capex and Depreciation Forecast （億円） 9 7.9 7.7 8 7.6 7 6.3 6.2 6.1 6 Capex 5 R&D 3.8 4.0 Depreciation 4 3.5 2.8 2.9 2.8 3.1 3 2.7 2.5 2.6 2.5 2 1 0.8 0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 Fcst Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights re

  26. Slide 26: Our Strategy for Upturn

    Our Strategy for Upturn Oversea Sales reorganization  Account-based divisions for efficient information sharing  Enhancement of China sales organization  Organizing Agent-group, Expand China Offices, and Increase Workforces) R&D group reorganization  All-in-one-floor desk arrangement for effec

  27. Slide 27: Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

    Copyright 2009 Tokyo Seimitsu Co., Ltd. All rights reserved.

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