Results for

First Quarter of FY2021 (Ended March 31, 2021)

May 11, 2021

SUMCO Corporation

（Code：3436）

（LEI：353800SUSRUOM0V6KU92）

SUMCO CORPORATION

1Q-2021 Results

1

May 11, 2021

Notes Regarding the Forecasts

This material is prepared for the purpose of continuous disclosure to general shareholders and investors and will not constitute an offer or solicitation of securities of the Company in any states or jurisdictions.

The estimate, expectation, forecast and other future information is prepared based on the information which is available for the Company as of today and on certain assumptions and qualifications (which includes our subjective judgment) and the actual financial performance or result may be substantially different from such future information contained in the material due to risk factors including domestic and global economic conditions, trend of semiconductor market and foreign exchanges.

SUMCO CORPORATION

1Q-2021 Results

2

May 11, 2021

Contents

  • Summary and Market Environment
  • 1Q-2021Consolidated Business Result
    1. Summary of Consolidated Business Result
    2. Analysis of Changes in Operating Income
    3. Consolidated Balance Sheet
    4. Consolidated Cash-Flow
  • 2Q-2021Consolidated Business Forecast
    1. Consolidated Business Forecast
    2. Analysis of Changes in Operating Income
  • Reference Materials

SUMCO CORPORATION

1Q-2021 Results

3

May 11, 2021

Summary and

Market Environment

Mayuki Hashimoto

Representative Director,

CEO & Chairman of the Board

SUMCO CORPORATION

1Q-2021 Results

4

May 11, 2021

1-1. Summary

■ 1Q-2021 Consolidated Business Result

(Billions of Yen)

1Q-2021

1Q-2021

Change

Forecast

Actual

Net Sales

76.0

75.9

(0.1)

Operating Income

8.5

9.3

+0.8

Ordinary Income

8.0

9.4

+1.4

Net Income (Note)

5.5

7.3

+1.8

Exchange Rate (Yen/US$)

104.0

104.8

+0.8

■ 2Q-2021 Consolidated Business Forecast

(Billions of Yen)

1Q-2021

2Q-2021

Change

Actual

Forecast

Net Sales

75.9

81.0

+5.1

Operating Income

9.3

11.5

+2.2

Ordinary Income

9.4

11.0

+1.6

Net Income (Note)

7.3

8.0

+0.7

Exchange Rate (Yen/US$)

104.8

109.0

+4.2

(Note) Net income attributable to owners of the parent

SUMCO CORPORATION

May 11, 2021

5

1Q-2021 Results

1-2. Shareholder Return

FY2017

FY2018

FY2019

FY2020

FY2021

(Dec-2017)(Dec-2018)(Dec-2019)(Dec-2020)

(Dec-2021)

Dividends per share for

Interim

10

30

25

18

(*1)

16

Year-end

18

32

10

9

(*3)

-

common stocks (Yen)

Total

28

62

35

27

(*3)

-

Dividends payment

Interim

2.9

8.7

7.3

5.2

(*1)

4.6

Year-end

5.2

9.3

2.9

2.6

(*3)

-

(Billions of Yen)

Total

8.2

18.1

10.2

7.8

(*3)

-

Dividend ratio (%)

Total

30.4%

31.0%

31.0%

30.9%

(*2)

30.4%

Share Buyback

Amount （Billions of Yen)

Total

-

-

3.3

2.5

(*3)

-

Ratio (%)

Total

-

-

10.0%

9.8%

(*3)

-

Total Return Ratio (%)

Total

30.4%

31.0%

41.0%

40.7%

(*3)

-

*1. Interim dividend and its payment for FY2021 are forecast amounts.

*2. Dividend ratio for FY2021 is caluculated by Interim dividend basis.

*3. Year-end dividend and share buyback for FY2021 are not determined.

SUMCO CORPORATION

1Q-2021 Results

6

May 11, 2021

2-1. Market Environment

■ 1Q-2021

Volume

- Strong demand for 300 mm wafers for logic, with supply unable to keep up with demand;

for memory, DRAM recovering and inventory nearing proper levels

- For 200 mm and smaller wafers, tight supply-demand situation mainly for automotive and

consumer

Pricing

- Despite a small number of partial shipment deferrals for memory, long-term agreement prices

held firm, while spot prices for both 300 mm and 200 mm wafers were unchanged QoQ

■ 2Q-2021 Forecast

Volume

- Demand for 300 mm wafers for logic should expand and be tighter;

for memory, NAND looks to recover following on DRAM

- Demand for 200 mm and smaller wafers should recover, for automotive and consumer

as well as industrial, such that supply will not be able to keep up with demand even after

boosting production with additional personnel

Pricing

- Long-term agreement prices to hold firm; spot prices are starting to see price hikes

■ Outlookfor 300 mm wafers for logic, to be followed in 2H by price rises for 200 mm wafers as well

With 300 mm wafer demand for logic being driven by 5G, smartphone, data center and others, supply will

continue to fall short of demand. The recovery in demand for memory will likewise result in supply tightness.

Though Green Field Investment (building new plants) will be considered since it seems to be the only way to

achieve sufficient new capacity, the decision will be made based on the pricing trend in the future

Strong demand for 200 mm wafers is likely to continue for long time with the recovery in demand for

automotive, consumer, and industrial

SUMCO CORPORATION

1Q-2021 Results

7

May 11, 2021

2-2. 200mm Wafer Trend

(K wafres/month)

8,000

6,000

4,000

2,000

2014

2015

2016

2017

2018

2019

2020

2021

0

1Q

2Q

3Q

4Q

(Source： SUMCO estimation)

SUMCO CORPORATION

1Q-2021 Results

8

May 11, 2021

2-3. 300mm Wafer Trend

(K wafers/month)

8,000

6,000

4,000

2,000

2014

2015

2016

2017

2018

2019

2020

2021

0

1Q

2Q

3Q

4Q

(Source： SUMCO estimation)

SUMCO CORPORATION

May 11, 2021

9

1Q-2021 Results

2-4. Customer 300mm Wafer Inventory Trend

Volume（Index）

Turnover days（Index）

Input volume

Purchase volume

Customer inventory

Turnover days

14/3

6

9

12

15/3

6

9

12

16/3

6

9

12

17/3

6

9

12

18/3

6

9

12

19/3

6

9

12

20/1

2

3

4

5

6

7

8

9

10

11

12

21/1

2

3

(Source： SUMCO estimation)

SUMCO CORPORATION

1Q-2021 Results

10

May 11, 2021

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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 09:57:04 UTC.