SUMCO CORPORATION Quarterly Securities Report
(As required by Article 24-4-7, paragraph 1, of the Financial
Instruments and Exchange Act)
For the first quarter of fiscal year ending December 31, 2021
(January 1, 2021-March 31, 2021)
SUMCO Corporation
1-2-1 Shibaura, Minato-ku, Tokyo
Table of Contents | ||
Page | ||
Cover ............................................................................................................................................................................. | ||
Section 1: Corporate Information................................................................................................................................ | 1 | |
I. Overview of the Company .......................................................................................................................... | 1 | |
1. | Trends in major management indicators................................................................................................... | 1 |
2. | Scope of business...................................................................................................................................... | 1 |
II. | State of Business ......................................................................................................................................... | 2 |
1. | Business and other risks............................................................................................................................ | 2 |
2. | Management analysis of financial position, business results, and cash flow............................................ | 2 |
3. | Important business contracts, etc.............................................................................................................. | 3 |
III. Status of the Reporting Company ............................................................................................................... | 4 | |
1. | Shares ....................................................................................................................................................... | 4 |
(1) Total number of shares, etc............................................................................................................... | 4 | |
(2) Share options, etc.............................................................................................................................. | 4 | |
(3) Conversion of moving strike convertible bonds, etc. ....................................................................... | 4 | |
(4) Trends in total number of shares issued, changes in capital stock, etc. ............................................ | 4 | |
(5) Major shareholders ........................................................................................................................... | 5 | |
(6) Voting rights ..................................................................................................................................... | 5 | |
2. | Directors ................................................................................................................................................... | 5 |
IV. | Accounting .................................................................................................................................................. | 6 |
1. | Quarterly consolidated financial statements ............................................................................................. | 7 |
(1) Consolidated balance sheet............................................................................................................... | 7 | |
(2) Consolidated statement of income and consolidated statement of comprehensive income................ | 9 | |
Consolidated statement of income.................................................................................................... | 9 | |
Consolidated statement of comprehensive income......................................................................... | 10 | |
2. | Others ..................................................................................................................................................... | 14 |
Section 2: Information about Guarantors of the Reporting Company....................................................................... | 15 |
Cover
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Quarterly securities report
Article 24-4-7, paragraph 1, of the Financial Instruments and Exchange Act
Director-General, Kanto Local Finance Bureau
May 14, 2021
First quarter of fiscal year ending December 31, 2021 (January 1, 2021-March 31, 2021)
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: Corporate Information
I. Overview of the Company
1. Trends in major management indicators
Term | 1Q-2020 | 1Q-2021 | FY2020 | |
(3 months) | (3 months) | (12 months) | ||
Accounting period | January 1, 2020 | January 1, 2021 | January 1, 2020 | |
to March 31, 2020 | to March 31, 2021 to December 31, 2020 | |||
Net sales | (¥million) | 72,244 | 75,939 | 291,333 |
Ordinary income | (¥million) | 11,934 | 9,472 | 35,650 |
Net income attributable to | (¥million) | 8,490 | 7,375 | 25,505 |
owners of the parent | ||||
Comprehensive income | (¥million) | 8,597 | 14,510 | 27,965 |
Equity | (¥million) | 343,515 | 364,334 | 355,003 |
Total assets | (¥million) | 587,557 | 602,197 | 593,443 |
Net income per share | (¥) | 29.01 | 25.35 | 87.48 |
Diluted net income per share | (¥) | － | － | － |
Shareholders' equity ratio | (%) | 51.7 | 53.4 | 53.1 |
Notes: 1. Since the Company publishes quarterly consolidated financial statements, trends in major management indicators are not shown for the reporting company.
- Net sales do not include consumption tax or other taxes collected.
- Diluted net income per share is not described since dilutive shares did not exist.
2. Scope of business
In the first quarter of fiscal year 2021 (January 1, 2021-March 31, 2021), there were no significant changes in the scope of business of the Group (the Company and its affiliates) and no changes in the Company's major affiliates.
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II. State of Business
1. Business and other risks
In the first quarter of fiscal year 2021 (January 1, 2021-March 31, 2021), no new business and other risks emerged.
There were no significant changes in the business and other risks described in the annual securities report for the fiscal year 2020.
2. Management analysis of financial position, business results, and cash flow
- Financial Position and Business Results Status
- 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 first quarter of fiscal year 2021 (January 1, 2021-March 31, 2021), the Group registered consolidated net sales of ¥75,939 million (up 5.1% year on year), operating income of ¥9,370 million (down 19.5% year on year), and ordinary income of ¥9,472 million (down 20.6% year on year) and net income attributable to owners of the parent came to ¥7,375 million (down 13.1% year on year).
Segment information is not described since the Group has only one segment.
- Financial Position
At the end of first quarter of fiscal year 2021 (March 31, 2021), total assets of ¥602,197 million (up ¥8,754 million from the end of fiscal year 2020), and total liabilities of ¥237,863 million (down ¥576 million from the end of fiscal year 2020), and equity came to ¥364,334 million (up ¥9,331 million from the end of fiscal year 2020).
(2) Accounting Estimates and Assumptions
There are no material changes to the accounting estimates and the assumptions used therein to prepare the "Management analysis of financial position, business results, and cash flow" in the Securities Reports for the previous fiscal year.
(3) Management policies, the business environment, and issues requiring management attention
In the first quarter of fiscal year 2021 (January 1, 2021-March 31, 2021), there were no significant changes in the Group's management policies, in the business environment, or in issues requiring management attention.
(4) Research and development activities
In the first quarter of fiscal year 2021 (January 1, 2021-March 31, 2021), research and development expenses totaled ¥1,091 million, equivalent to 1.4% of consolidated net sales. There were no significant changes in the Group's research and development activities during the period.
(5) Major facilities
Between the end of fiscal year 2020 and the end of the first quarter of fiscal year 2021, there were no significant changes to the construction of major facilities and other plans.
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Sumco Corporation published this content on 01 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2021 05:01:00 UTC.
