Annual Securities Report
(Pursuant to Article 24, Paragraph 1 of the Financial
Instruments and Exchange Act of Japan)
For the Fiscal Year ended December 31, 2020
(January 1, 2020- December 31, 2020)
SUMCO Corporation
1-2-1 Shibaura, Minato-ku, Tokyo
Table of Contents | ||
Page | ||
Cover | ||
Section 1: Information on the Company.................................................................................................................................... | 1 | |
I. Overview of the Company ............................................................................................................................................... | 1 | |
1. | Trends in major management indicators ................................................................................................................... | 1 |
2. | History ...................................................................................................................................................................... | 3 |
3. | Description of business ............................................................................................................................................. | 5 |
4. | Status of related companies....................................................................................................................................... | 8 |
5. | Status of employees .................................................................................................................................................. | 10 |
II. State of Business............................................................................................................................................................. | 11 | |
1. | Management policies, business environment, issues to address, etc. ........................................................................ | 11 |
2. | Business and other risks............................................................................................................................................ | 13 |
3. | Management analysis of financial position, business results, and cash flows ........................................................... | 17 |
4. | Important business contracts, etc. ............................................................................................................................. | 21 |
5. | R&D activities .......................................................................................................................................................... | 21 |
III. Status of facilities .......................................................................................................................................................... | 22 | |
1. | Overview of capital investments, etc. ....................................................................................................................... | 22 |
2. | Major facilities .......................................................................................................................................................... | 22 |
3. | Plans for building, retirement, etc. of facilities ......................................................................................................... | 23 |
IV. Status of the Reporting Company.................................................................................................................................. | 24 | |
1. | Shares........................................................................................................................................................................ | 24 |
2. Acquisition of treasury stock..................................................................................................................................... | 27 | |
3. | Dividend policy......................................................................................................................................................... | 28 |
4. | Corporate governance ............................................................................................................................................... | 29 |
V. Accounting...................................................................................................................................................................... | 49 | |
1. | Consolidated Financial Statements, etc..................................................................................................................... | 50 |
(1) Consolidated Financial Statements....................................................................................................................... | 50 | |
(2) Other .................................................................................................................................................................... | 84 | |
2. | Non-consolidated financial statements, etc. .............................................................................................................. | 85 |
(1) Non-consolidated financial statements................................................................................................................. | 85 | |
(2) Components of major assets and liabilities .......................................................................................................... | 98 | |
(3) Other .................................................................................................................................................................... | 98 | |
VI. Outline of operational procedures for shares of the Company ...................................................................................... | 99 | |
VII. Reference Information on the Company...................................................................................................................... | 100 | |
1. | Information on parent company, etc. of the Company .............................................................................................. | 100 |
2. | Other information...................................................................................................................................................... | 100 |
Section 2: Information about Guarantors of the Reporting Company ....................................................................................... | 101 |
Cover
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Annual securities report
Article 24, paragraph 1, of the Financial Instruments and Exchange Act Director-General, Kanto Local Finance Bureau
March 25, 2021
Third quarter of fiscal year ending December 31, 2020 (January 1, 2020- December 31, 2020)
SUMCO Corporation
Mayuki Hashimoto, Representative Director, CEO & Chairman of the Board
1-2-1 Shibaura, Minato-ku, Tokyo +81-3-5444-0808
Hiroshi Itoh, General Manager, Accounting & Budget Control Department, Corporate Strategy Division
1-2-1 Shibaura, Minato-ku, Tokyo +81-3-5444-0808
Hiroshi Itoh, General Manager, Accounting & Budget Control Department, Corporate Strategy Division
Tokyo Stock Exchange, Inc.
(2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo)
Section 1: Information on the Company
I. Overview of the Company
1. Trends in major management indicators
- Consolidated management indicators
Term | 18th term | 19th term | 20th term | 21st term | 22nd term | |
Fiscal year ended | December, 2016 | December, 2017 | December, 2018 | December, 2019 | December, 2020 | |
Net sales | (¥ million) | 211,361 | 260,627 | 325,059 | 299,460 | 291,333 |
Ordinary income | (¥ million) | 9,919 | 36,709 | 83,068 | 48,310 | 35,650 |
Net income attributable to | (¥ million) | 6,588 | 27,016 | 58,580 | 33,112 | 25,505 |
owners of the parent | ||||||
Comprehensive income | (¥ million) | 4,122 | 39,255 | 63,976 | 38,701 | 27,965 |
Net assets | (¥ million) | 242,836 | 281,623 | 325,545 | 341,149 | 355,003 |
Total assets | (¥ million) | 493,243 | 530,906 | 588,250 | 578,511 | 593,443 |
Net assets per share | (¥) | 715.46 | 822.53 | 971.76 | 1,030.39 | 1,082.22 |
Earnings per share | (¥) | 22.46 | 92.12 | 199.74 | 112.90 | 87.48 |
Diluted earnings per share | (¥) | － | － | － | － | － |
Shareholders' equity ratio | (%) | 42.5 | 45.4 | 48.4 | 52.2 | 53.1 |
Return on equity | (%) | 3.1 | 12.0 | 22.3 | 11.3 | 8.3 |
Price‐earnings ratio | (times) | 67.23 | 31.35 | 6.14 | 16.17 | 25.87 |
Cash flows from operating | (¥ million) | 27,322 | 51,808 | 93,602 | 77,664 | 84,188 |
activities | ||||||
Cash flows from investing | (¥ million) | (18,003) | (15,750) | (52,244) | (61,184) | (55,193) |
activities | ||||||
Cash flows from financing | (¥ million) | (9,120) | (7,615) | (35,424) | (24,825) | (16,236) |
activities | ||||||
Cash and cash equivalents | (¥ million) | 45,565 | 74,640 | 78,900 | 70,020 | 81,864 |
at end of period | ||||||
Number of employees | 7,520 | 7,711 | 8,017 | 8,142 | 8,199 | |
(Average number of | (Number) | |||||
temporary employees not | (358) | (612) | (892) | (824) | (767) | |
included in the above) |
Notes: 1. Net sales do not include consumption taxes.
2. Diluted earnings per share is not provided because dilutive securities did not exist.
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- Managing indicators of the Reporting Company
Term | 18th term | 19th term | 20th term | 21st term | 22nd term | |
Fiscal year ended | December, 2016 | December, 2017 | December, 2018 | December, 2019 | December, 2020 | |
Net sales | (¥ million) | 167,138 | 205,471 | 260,551 | 251,244 | 242,883 |
Ordinary income | (¥ million) | 2,345 | 20,926 | 51,314 | 46,118 | 29,701 |
Net income | (¥ million) | 3,667 | 19,147 | 42,286 | 41,962 | 27,155 |
Capital stock | (¥ million) | 138,718 | 138,718 | 138,718 | 138,718 | 138,718 |
Total number of shares | ||||||
issued | ||||||
Common share | (shares) | 293,285,539 | 293,285,539 | 293,285,539 | 293,285,539 | 291,181,239 |
Net assets | (¥ million) | 186,010 | 203,240 | 231,450 | 256,696 | 272,378 |
Total assets | (¥ million) | 436,850 | 463,577 | 513,660 | 508,983 | 521,514 |
Net assets per share | (¥) | 634.24 | 693.00 | 789.18 | 875.27 | 935.45 |
Cash dividends per-share | ||||||
Common share | 10.00 | 28.00 | 62.00 | 35.00 | 27.00 | |
(Of which, interim | (¥) | (5.00) | (10.00) | (30.00) | (25.00) | (18.00) |
dividend per-share) | ||||||
Earnings per share | (¥) | 12.51 | 65.29 | 144.19 | 143.08 | 93.14 |
Diluted earnings per share | (¥) | － | － | － | － | － |
Shareholders' equity ratio | (%) | 42.6 | 43.8 | 45.1 | 50.4 | 52.2 |
Return on equity | (%) | 2.0 | 9.8 | 19.5 | 17.2 | 10.3 |
Price‐earnings ratio | (times) | 120.70 | 44.23 | 8.51 | 12.76 | 24.30 |
Dividend payout ratio | (%) | 79.9 | 42.9 | 43.0 | 24.5 | 29.0 |
Number of employees | 3,501 | 3,616 | 3,855 | 3,981 | 4,011 | |
(Average number of | (Number) | |||||
temporary employees not | (181) | (303) | (435) | (412) | (432) | |
included in the above) | ||||||
Total shareholder return | (%) | 164.5 | 316.7 | 143.6 | 212.2 | 262.4 |
(Comparative indicator: | (%) | (100.3) | (122.6) | (103.0) | (121.7) | (130.7) |
Dividend-included TOPIX) | ||||||
Highest share price | (¥) | 1,618 | 3,160 | 3,345 | 1,950 | 2,484 |
Lowest share price | (¥) | 590 | 1,436 | 1,128 | 1,116 | 1,041 |
Notes: 1. Net sales do not include consumption taxes.
- Diluted earnings per share is not provided because dilutive securities did not exist.
- The Company acquired its 2,104,300 common shares between February 19, 2020 and March 19, 2020, and cancelled all of them as of April 10, 2020.
- The highest and lowest share prices were those recorded in the Tokyo Stock Exchange (First Section).
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