SUMCO CORPORATION Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
May 11, 2021
Consolidated Financial Results
for the Three Months Ended March 31, 2021
(Under Japanese GAAP)
Company name: | SUMCO Corporation |
Listing: | Tokyo Stock Exchange (First Section) |
Securities code: | 3436 |
URL: | https://www.sumcosi.com |
Representative: | Mayuki Hashimoto, Representative Director, CEO & Chairman of the Board |
Inquiries: | Hiroshi Shibuya, Executive Officer, General Manager of Public Relations & IR Department |
Telephone: | +81-3-5444-3915 |
Scheduled date to file quarterly securities report: | May 14, 2021 |
Scheduled date to commence dividend payments: | － |
Preparation of supplementary material on quarterly financial results: Yes | |
Holding of quarterly financial results briefing: | Yes (for institutional investors and security |
analysts) |
(Yen amounts are rounded down to millions.)
1. Consolidated financial results for the three months ended March 31, 2021 (from January 1, 2021 to March 31, 2021)
(1) Consolidated operating results (cumulative) | (Percentages indicate year-on-year changes.) | ||||||||
Net sales | Operating income | Ordinary income | Net income attributable | ||||||
to owners of the parent | |||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |
Mar. 31, 2021 | 75,939 | 5.1 | 9,370 | (19.5) | 9,472 | (20.6) | 7,375 | (13.1) | |
Mar. 31, 2020 | 72,244 | (12.0) | 11,644 | (41.2) | 11,934 | (37.5) | 8,490 | (35.4) |
Note: Comprehensive income | For the three months ended Mar. 31, 2021: | ¥14,510 million | [ 68.8% ] | ||
For the three months ended Mar. 31, 2020: | ¥8,597 million | [(47.1%)] | |||
Basic earnings | Diluted earnings | ||||
per share | per share | ||||
Three months ended | Yen | Yen | |||
Mar. 31, 2021 | 25.35 | － | |||
Mar. 31, 2020 | 29.01 | － | |||
(2) Consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | |||
As of | Millions of yen | Millions of yen | % | ||
Mar. 31, 2021 | 602,197 | 364,334 | 53.4 | ||
Dec. 31, 2020 | 593,443 | 355,003 | 53.1 | ||
Reference: Equity | |||||
As of Mar. 31, 2021: | ¥321,504 million | ||||
As of Dec. 31, 2020: | ¥315,114 million |
2. Cash dividends
Annual dividends per share | |||||||
First quarter-end | Second quarter-end | Third quarter-end | Fiscal year-end | Total | |||
Yen | Yen | Yen | Yen | Yen | |||
Fiscal year ended | － | 18.00 | － | 9.00 | 27.00 | ||
Dec. 31, 2020 | |||||||
Fiscal year ending | － | ||||||
Dec. 31, 2021 | |||||||
Fiscal year ending | 16.00 | ||||||
Dec. 31, 2021 | － | － | － | ||||
(Forecast) | |||||||
Note: (1) Revisions to the forecast of cash dividends most recently announced: Yes
- Year-enddividend per share for the fiscal year ending Dec. 31, 2021 is not determined.
3. Consolidated financial forecasts for the six months ending June 30, 2021 (from January 1, 2021 to June 30, 2021)
(Percentages indicate year-on-year changes.)
Net income | Basic | ||||||||||
Net sales | Operating income | Ordinary income | attributable to | earnings | |||||||
owners of the parent | per share | ||||||||||
Six months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
Jun. 30, 2021 | 156,900 | 6.6 | 20,800 | (10.2) | 20,400 | (9.9) | 15,300 | (9.0) | 52.66 | ||
Note: (1) Revisions to consolidated business forecasts made during the quarter under review: Yes
- SUMCO discloses forecasts for the forthcoming quarter only. Please see "(2) Explanation of Business Forecasts" on page 2 of Supplementary Materials.
* Notes
-
Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None
Newly included: －
Excluded: － - Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None
- Changes in accounting policies, changes in accounting estimates, and restatement
- Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
- Changes in accounting policies due to other reasons: None
- Changes in accounting estimates: None
- Restatement: None
Note: Please see "(3) Notes on Consolidated Financial Statements (Changes in Accounting Policies)" on page 7 of Supplementary Materials.
(4) Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of Mar. 31, 2021 | 291,181,239 shares |
As of Dec. 31, 2020 | 291,181,239 shares |
(ii) Number of treasury shares at the end of the period
As of Mar. 31, 2021 | 1,013,875 shares |
As of Dec. 31, 2020 | 7,715 shares |
- Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended Mar. 31, 2021 | 290,886,711 shares |
Three months ended Mar. 31, 2020 | 292,668,962 shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of earnings forecasts, and other special matters
Business forecasts 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, and do not constitute guarantees of future performance. Actual results may differ significantly from those projected in the forward-looking statements as a result of various factors. Regarding the assumptions underlying business forecasts, please see "(2) Explanation of Business Forecasts" on page 2 of Supplementary Materials.
Year-end dividend per share for the fiscal year ending Dec. 31, 2021 is not determined, and a forecast will be disclosed as soon as the disclosure becomes possible.
Quarterly results briefing for institutional investors and security analysts is scheduled on May 11, 2021. Supplementary materials for quarterly financial results are available in our website before starting the briefing.
SUMCO Corporation: Consolidated Financial Results for the First Quarter of FY2021
(Supplementary Materials)
Contents
- Qualitative Information for the First Quarter of Fiscal Year 2021
- Explanation of Business Results …………………………………………………………………...... 2
- Explanation of Business Forecasts …………………………………………………………………... 2
- Consolidated Financial Statements and Notes
- Consolidated Balance Sheet …………………………………………………………………………. 3
- Consolidated Statement of Income and Consolidated Statement of Comprehensive Income ………. 5
- Notes on Consolidated Financial Statements
(Notes regarding Going Concern Assumption) ……………………………………………………... 7
(Notes regarding Significant Changes in Shareholders' Equity) ……………………………………. 7
(Changes in Accounting Policies)…………………………………………………………………… 7
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SUMCO Corporation: Consolidated Financial Results for the First Quarter of FY2021
1. Qualitative Information for the First Quarter of Fiscal Year 2021
(1) Explanation of Business Results
During the first quarter of fiscal year 2021 (January 1, 2021-March 31, 2021), the supply of 300 mm wafers for logic continued to fall short of the strong demand driven by PC, smartphone, and data center, while wafers for DRAM saw ongoing demand recovery. Supply and demand tightness continued also for wafers of 200 mm and smaller with expanding demand for automotive and consumer.
In this environment, in line with the SUMCO Vision, the SUMCO Group sought to maintain our strong presence with customers through technology development aimed at meeting their needs for leading-edge, distinctive products, while endeavoring also to improve our profitability by cost reduction.
As a result, for the period under review, the Group registered consolidated net sales of 75,939 million yen, operating income of 9,370 million yen, ordinary income of 9,472 million yen, and net income attributable to owners of the parent of 7,375 million yen.
(2) Explanation of Business Forecasts
The second quarter outlook for the 300 mm semiconductor silicon wafer market is for expanding growth, marked by increasing supply and demand tightness for logic and, in the memory segment, expected recovery for NAND in addition to wafers for DRAM. Supply and demand balance is forecast to be increasingly tight for wafers of 200 mm and smaller, driven by automotive, consumer and industrial.
In this market environment, the Group will continue seeking to enhance the competitive advantage of our products by developing technologies for state-of-the-art wafers for which continued demand growth is expected, while endeavoring to meet customer needs for these products through productivity improvements making greater use of AI, and through ongoing augmenting of equipment capacity in line with this demand. We will also be paying close attention to changes in the market environment including the impact of COVID-19 and US-China trade friction.
It is difficult for the Group to formulate reasonable business forecasts for the full-year, since the semiconductor industry to which the Group belongs is characterized by drastic and short-term changes in the business environment. Therefore, the Group has adopted the policy of disclosing business forecasts for the forthcoming quarter only.
SUMCO announces its consolidated business forecasts for the six months ending June 30, 2021 as follows.
Consolidated Business Forecasts for the six months ending Jun. 30, 2021 (from Jan. 1, 2021 to Jun. 30, 2021)
Net sales | Operating | Ordinary | Net income | Net income | ||
attributable to | ||||||
income | income | per share | ||||
owners of the parent | ||||||
(millions of yen) | (millions of yen) | (millions of yen) | (millions of yen) | (yen) | ||
Previous Forecasts (A) | － | － | － | － | － | |
Revised Forecasts (B) | 156,900 | 20,800 | 20,400 | 15,300 | 52.66 | |
Changes (B-A) | － | － | － | － | ||
Rate of changes (%) | － | － | － | － | ||
(Reference) | ||||||
Results for six months | 147,142 | 23,170 | 22,650 | 16,821 | 57.62 | |
ended Jun. 30, 2020 |
(Notes) (1) Business forecasts 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, and do not constitute guarantees of future performance. Actual results may differ significantly from those projected in the forward-looking statements as a result of various factors.
- The above forecasts for the three months ending June 30, 2021 (from April 1, 2021 to June 30, 2021) was made assuming translation rates of one U.S. dollar to 109 yen.
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Sumco Corporation published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:03:06 UTC.
