Tokyo Seimitsu Co., Ltd · TSE:7729

Tokyo Seimitsu — Q2 FY2009 Earnings Presentation

32 slides from Tokyo Seimitsu's earnings presentation, November 2008

  1. Slide 1: Announcement of FY2009 Second Quarter Business Results

    TOKYO SEMITSU CO.,LTD Announcement of FY2009 Second Quarter Business Results 4：00 Opening 4：00 – 4：10 Second Quarter Business Results and Forecasts for FY2009 Kunimasa Ohta Executive Vice President, CFO 4：10 – 4：20 Market Circumstances and Our Actions Kazuo Fujimori President, COO Copyright 2008 Tok

  2. Slide 2: Business Result for Second Quarter: 6 months

    Business Result for Second Quarter : 6 months from April to September 2008 (Billons of Yen) FY2008 FY2009 Year on FY2009 Difference Year Forecast from Result Result Change released on Forecast First 2Qs First 2Qs （％） Aug.1 （Billions of Yen） Sales 49.9 31.8 △36.2% 32.0 △0.19 Semiconductor 38.2 19.2 △

  3. Slide 3: Business Result for Second Quarter: 3 months

    Business Result for Second Quarter ：3 months FY2008 FY2009 (Total of 3 months, Billions of Yen) ２Q ２Q Year on １Ｑ 2Q 3Q 4Q 1Q Latest forecast Results Year Change Sales 23.1 26.8 19.5 22.5 14.9 1.71 1.69 △37.0% Semiconductor 18.2 20.0 13.6 15.7 9.1 1.04 10.1 △49.4% Metrology 4.9 6.8 5.9 6.8 5.8 6.7 6.

  4. Slide 4: Trend of Semiconductor Business

    Trend of Semiconductor Business Operating Sales Income (Billions of Yen) (Billions of Yen) 30 Sales Operating Income 4.50 4.00 25 3.50 3.00 20 2.50 2.00 15 1.50 1.00 10 0.50 5 0.00 -0.50 0 -1.00 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q（Projection） FY2004 FY2005 FY2006

  5. Slide 5: Order of Semiconductor Business

    Order of Semiconductor Business （Billions of Yen） Order Order Backlog 30 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 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  6. Slide 6: Semiconductor / Regional Sales

    Semiconductor / Regional Sales (Billions of Yen) Oversea Sales 61% 70％ 55% 58% 60％ 50％ 50 41.0 South East Asia 38.2 40 and Others East Asia 30 22.5 Europe 23.3 19.2 20 U.S. 11.1 10 Japan 18.5 14.9 8.1 0 FY2007 2Q FY2008 2Q FY2009 2Q (6 months) (6 months ) (6 months) Copyright 2008 Tokyo Seimitsu Co.

  7. Slide 7: Trend of Measuring Business

    Trend of Measuring 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 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 Copyright 2008 T

  8. Slide 8: Order of Measuring Business

    Order of Measuring 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 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 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  9. Slide 9: Measuring / Regional Sales

    Measuring/ Regional Sales Overseas Sales 25％ (Billions of Yen) 22% 20% 20％ 17% 15％ 15 12.6 11.7 10.9 10 2.5 2.6 Overseas 1.9 5 Japan 9.0 9.1 10.1 0 FY2007 2Q FY2008 2Q FY2009 2Q (6 months) (6 months ) (6 months) Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved. Billions of Yen

  10. Slide 10: Balance Sheet

    Balance Sheet （Billions of Yen） Liabilities/ Assets 3/08 9/08 Difference 3/08 9/08 Difference Net Assets Account Cash & Cash Payable 19.5 14.3 △5.2 Equivalents 15.7 16.7 1.0 Bond-Debt 18.5 17.5 △1.0 Account Other 6.5 5.6 △0.9 Receivable 32.3 26.2 △6.1 Total Current Liabilities 44.5 37.4 △7.1 Total F

  11. Slide 11: Cash Flow for April to September 2008

    Cash Flow for 6 months ( April to September 2008) （Billions of Yen) FY2007 2Q FY2008 2Q FY2009 2Q Opening Balance 13.8 16.8 15.7 Activities From Operating Income before Tax, Interest & Depreciation 10.0 7.2 1.3 Decrease in Receivables, Inventories + Increase △ 6.1 1.9 3.0 in Payables Tax Payments △

  12. Slide 12: Financial Ratio

    Financial Ratio （％） FY05 0FY06 FY07 FY08 FY09 2Q Shareholders’ Equity Ratio 32.7 42.5 47.1 51.2 51.9 （Times） FY05 0FY06 FY07 FY08 FY09 2Q Total Asset Turnover Ratio 0.9 0.9 0.9 0.8 0.6 Inventory Turnover Ratio 3.0 3.4 3.7 3.3 2.4 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  13. Slide 13: Forecast for R&D, Capex & Depreciation

    Forecast for R&D, Capex & Depreciation (Billions of Yen) 9 8 7.9 7.6 7.7 R&D 6.7 7 6.3 6.2 6 Capex 5 3.8 4.0 3.5 4 3.4 3 2.7 2.8 2.5 2.9 2.6 Depreciation 2 1.7 2.7 1 1.3 0 FY2005 FY2006 FY2007 FY2008 FY2009 （２Q Result, Projection of FY2009 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  14. Slide 14: Number of Employees

    Number of Employees （Persons） 9/07 3/08 9/08 Employees 1,325 1,318 1,290 （Year End） Temporary Employees 890 880 730 （Average Number） Total 2,215 2,198 2,020 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  15. Slide 15: Forecast for FY2009

    Forecast for FY2009 Changes FY08 FY09 FY09 from Billions of Yen As of 8/08 As of 11/08 previous 1H 2H Full year 1H 2H Full year year Sales 91.8 32.0 33.0 65.0 31.8 21.2 53.0 △42.3％ Semiconductor 67.5 19.5 20.5 40.0 19.2 10.8 30.0 △55.6％ Metrology 24.4 12.5 12.5 25.0 12.6 10.4 23.0 △5.7％ Operating 10

  16. Slide 16: Announcement of FY2009 Second Quarter Business Results

    TOKYO SEMITSU CO.,LTD Announcement of FY2009 Second Quarter Business Results 4：00 Opening 4：00 – 4：10 Second Quarter Business Results and Forecasts for FY2008 Kunimasa Ohta Executive Vice President, CFO 4：10 – 4：20 Market Circumstances and Our Actions Kazuo Fujimori President, COO Copyright 2008 Tok

  17. Slide 17: Business Environment: Market Condition

    Business Environment ‹Market Condition ¾Semiconductor zOverall Decline of Investment led by DRAM ¾Measuring zDecrease of Orders and Sales in Automobile and Machine Tool Industries Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  18. Slide 18: Countermeasures: Strengthen Profit Structure

    Countermeasures ‹Strengthen Profit Structure （Make Profit in Downturn） ¾Business Reorganization ¾Productivity Improvement ¾Fixed Cost Reduction ¾Strengthen Financial Stracture Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  19. Slide 19: Growth Strategy: Measures for Growth

    Growth Strategy ‹Measures for Growth ¾Expand Core Businesses（Test Process・Back- end Process・Metrology） zEnhance Product Line-up zMarket Share-up ¾Expand Services and Consumable Business ¾Develop New Products Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  20. Slide 20: Prober Market

    Prober Market （M USD） 900 800 700 600 500 400 300 200 100 0 CY2002 2003 2004 2005 2006 2007 Source: Gartner, Inc., "Forecast: Semiconductor Back-End Equipment, Worldwide, 4Q08 Update" 14 October 2008, GJ08571 Required Disclaimer Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved. The Gartne

  21. Slide 21: Prober Market Change and Our Countermeasure

    Prober Market Change and Our Countermeasure Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  22. Slide 22: Dicer and PG Markets

    Dicer and PG Markets （Millions USD） Dicer PG 400 350 300 250 200 150 100 50 0 CY2002 2003 2004 2005 2006 2007 Source : Tokyo Seimitsu Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  23. Slide 23: Product Strategy in Back-end Process

    Product Strategy in Back-end Process Polish Grinder「RM300」 Polish Grinder 「PG300」 Laser Dicing Machine 「ML300」 TSV Process and our product Line-up Wafer Probing Machine CMP「ChaMP」 「UF3000EX」 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  24. Slide 24: MEMS Market and Our Products

    MEMS Market and Our Products (M USD) Auto-Focus Micro Zoom Mechanism 6000 Micro Fuel Battery 5000 MEMS Oscillator 4000 RF MEMS Switch Si Microphone 3000 Movement Sensor 2000 1000 Small Display 0 2006 2007 2008 2009 2010 2011 Source：Yole Developpement Copyright 2008 Tokyo Seimitsu Co., Ltd. All right

  25. Slide 25: Metrology Business: Market Condition

    Metrology Business： Market Condition W/W GDP and Automobile Production 100 100,000 90 90,000 80 Slow in Auto Sales 80,000 70 70,000 Decrease in W W -GDP (T$) 60 Machine Tool 60,000 M cars 50 Demand 50,000 Asia 40 40,000 30 30,000 Americas 20 20,000 Forecast 10 （as of April 2008） 10,000 Europe 0 0 20

  26. Slide 26: Multi-purpose Measuring Market

    Multi-purpose Measuring Market Tokyo Seimitsu A B 100% Market Share 80% 60% 40% 20% 0% CY2001 2002 2003 2004 2005 2006 2007 Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  27. Slide 27: Metrology Business: Strategy

    Metrology Business : Strategy ‹ Share up ¾ Market Development ¾ Overseas Market ‹ Eco Products ‹ Establishment of Global Brand Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  28. Slide 28: To increase our market share

    To increase our market share ¾ Large Size Measuring ¾ Overseas Growing Markets ¾ New Products Extra Large CNC 3D Coordinate Measuring Machines Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved. “MMZ－B”

  29. Slide 29: Newly Developed Integrated Software

    Newly Developed Integrated Software Product Concept 1.Higher Usability with Simple Operation 2.Flexible and Best Software for field 3.Ample Support to Operators ACCTee Surface Roughness Analysis Roundness Analysis Contour Analysis Controllable on Document Copyright 2008 Tokyo Seimitsu Co., Ltd. All

  30. Slide 30: Support Eco-friendly Society

    Support Eco-friendly Society Cylindrical Form Measuring Instrument “RONDCOM Durable Surface Texture and Contour Measuring Zero1” Full-Auto Instruments “SurfcomC5” Production-floor Measuring （ATC付） Space-saving Coordinate Measuring Machines “Dura Max” Smaller footprint Energy-saving Copyright 2008 To

  31. Slide 31: Message to the World, "Metrology Center"

    Message to the World, “Metrology Center” Support World “Manufacturing” Integrated Center of “Measuring” Copyright 2008 Tokyo Seimitsu Co., Ltd. All rights reserved.

  32. Slide 32: Cautionary Statement with respect to Forward-Looking Statement

    Cautionary Statement with respect to Forward-Looking Statement 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

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