(From April 1, 2009 to June 30, 2009) Consolidated Financial Results

(From April 1, 2009 to June 30, 2009) Consolidated Financial Results
ROHM CO., LTD. Financial Highlights for the First Quarter of the Year Ending March 31, 2010
(From April 1, 2009 to June 30, 2009)
August 7, 2009
Consolidated Financial Results
(Figures are rounded down to the nearest million yen. Any fraction less than the unit is rounded off)
Year ending
March 31,2010
Year ended
March 31,2009
First quarter
First quarter
Increase/decrease from the first quarter
of the year ended March 31, 2009
Year ended
March 31,2009
Amount
Percentage
Annual
Year ending March 31,2010 (Projected)
Increase/decrease
Annual from the previous
year
Interim
Net sales
Millions of yen
76,559
81,387
-4,828
-5.9%
317,140
350,000
Cost of sales
Millions of yen
60,124
53,247
+6,877
+12.9%
217,282
243,800
119,100
Selling, general and administrative
expenses
Millions of yen
21,353
18,916
+2,437
+12.9%
89,318
84,200
42,900
Operating income
Millions of yen
-4,918
9,222
-14,140
-
10,540
22,000
(11.3%)
(-17.7%)
(3.3%)
(6.3%)
18,544
22,500
(5.8%)
(6.4%)
(Operating income margin)
Ordinary income
(-6.4%)
Millions of yen
(Ordinary income margin)
Net income
Millions of yen
(net income margin)
Basic net income per share
-5,074
15,967
-21,041
(-6.6%)
(19.6%)
(-26.2%)
-3,724
(-4.9%)
yen
-33.99
8,959
-12,683
(11.0%)
(-15.9%)
81.77
-115.76
-
-
-
91.27
-22.82
Foregin exchange rate (Average yen-dollar rate)
95.00
95.00
(Note)
786,807
876,870
809,185
Millions of yen
702,869
759,792
709,840
%
89.1
86.6
87.5
yen
6,397.46
6,931.10
6,459.81
yen/US$
97.13
103.36
100.62
+1.7%
-2,500
As the projected data is based on information that ROHM is currently acquiring as well as specific prerequisites judged as legitimate, actual data may be considerably different due to various factors.
Contact: Public Relations and Investor Relations Dept., ROHM CO., LTD.
21, Saiin Mizosaki-cho, Ukyouku, Kyoto 615-8585 +81-75-311-2121
Note: This report is a translation of the financial highlights of the Company prepared in accordance with the provisions set forth in the Securities and Exchange Law and its related accounting
regulations, and in conformty with accounting principles generally accepted in Japan. The original version of this report is written in Japanese. In the event of any discrepancies in words, accounts,
figures, or the like between this report and the original, the original Japanese version shall govern.
- Financial Highlights -
-
-
(-0.9%)
89.76
2.2
Net assets per share
-1,500
(-1.6%)
%
Equity ratio
+21.3%
(2.9%)
Ordinary income to total assets
-6.3%
(-1.3%)
10,000
1.3
Net assets
-2,000
9,837
%
Millions of yen
+108.7%
160,000
(3.1%)
Ratio of net income to equity
Total assets
+10.4%
Increase/decrease from
the interim period of
the previous year
-
Financial Report for the First Quarter of the Year Ending March 31, 2010
August 7, 2009
Listed Company Name: ROHM CO., LTD.
Stock Exchange Listings Tokyo, Osaka
Code No.:
6963
URL http://www.rohm.co.jp
Company Representative: (Title) President
(Name) Ken Sato
Contact Person:
(Title) Director, Accounting & Finance Headquarters (Name) Eiichi Sasayama
TEL +81-75-311-2121
Scheduled Date for Submitting the Quarterly Financial Reports
August 12, 2009
Scheduled dividend payment date
—
(Figures are rounded down to the nearest million yen.)
1. Consolidated Business Results for the First Quarter of the Year Ending March 31, 2010 (From April 1, 2009 to June 30, 2009)
(1) Consolidated Results of Operations (Accumulated total)
(The percentages [%] represent changes from the first quarter of the previous year.)
Net sales
Operating income
Millions of yen
First quarter of the year
ending March 31, 2010
First quarter of the year
ended March 31, 2009
% Millions of yen
76,559
-5.9
81,387
-
Basic net income per share
Yen
First quarter of the year
ending March 31, 2010
First quarter of the year
ended March 31, 2009
Net income for the first
quarter of the year ending
March 31, 2010
% Millions of yen
%
Ordinary income
% Millions of yen
-4,918
-
-5,074
-
-3,724
-
9,222
-
15,967
-
8,959
-
Diluted net income per share
Yen
-33.99
-
81.77
-
(2) Consolidated Financial Position
Total assets
Millions of yen
First quarter of the year
ending March 31, 2010
Year ended March 31,
2009
(Reference) Shareholder’s equity
Net assets
Millions of yen
Shareholder’s equity ratio
%
Net assets per share
786,807
702,869
89.1
6,397.46
809,185
709,840
87.5
6,459.81
Yen
First quarter of the year ending March 31, 2010: 700,968 million yen
Year ended March 31, 2009:
707,807 million yen
2. Dividend Details
(Base date)
Year ended March 31, 2009
End of the first quarter
Yen
-
Interim
Dividend per share
End of the third quarter
Yen
Yen
65.00
-
End of year
Year ending March 31, 2010
Year ending March 31, 2010
65.00
(Estimates)
(Note) Revision to estimates of dividends in the first quarter of the year ending March 31, 2010 None
Annual
Yen
65.00
Yen
130.00
65.00
130.00
3. Consolidated Business Results Forecast for the Year Ending March 31, 2010 (From April 1, 2009 to March 31, 2010)
(The percentages [%] shown for Fiscal 2010 figures represent changes from the previous fiscal year and those for the Interim figures represent
changes from the interim data of the previous fiscal year.)
Net sales
Operating income
Ordinary income
Net income
Millions of yen
% Millions of yen
% Millions of yen
% Millions of yen
%
Interim
160,000
-6.3
-2,000
-1,500
-2,500
Fiscal 2010
350,000
10.4
22,000 108.7
22,500
21.3
10,000
1.7
(Note) Revision to figures for consolidated business results forecast in the first quarter of the year ending March 31, 2010 Yes
-1-
Basic net income
per share
yen
-22.82
91.27
4. Others
(1) Major Changes in Subsidiaries During the First Quarter of the Year Ending March 31, 2010
(Changes to specified subsidiaries accompanying revision on the extent of consolidation)
None
(2) Application of Simple Accounting Procedure and Specific Accounting Procedure
on the Preparation of Consolidated Quarterly Financial Statements
None
(3) Changes in Accounting Policies, Procedures, Indication Methods, Etc. Concerned with the Preparation of Quarterly Financial
Statements
(Changes to be entered as changes to major conditions for the preparations of consolidated quarterly financial statements)
[1] Changes according to revision of accounting standards
No
[2] Other changes
No
(4) Number of Shares Outstanding (common shares)
[1] Year-end number of shares outstanding (incl. treasury shares)
The first quarter of the year ending March 31, 2010
115,300,000 shares
Year ended March 31, 2009
118,801,388 shares
[2] Year-end number of treasury shares
The first quarter of the year ending March 31, 2010
Year ended March 31, 2009
5,730,214
9,230,546
shares
shares
[3] Average number of stocks during the period (Consolidated accumulated period of the quarter)
The first quarter of the year ending March 31, 2010
109,570,222 shares
The first quarter of the year ended March 31, 2009
109,574,483 shares
*Explanation on Adequate Usage of Business Results Forecast
Since the statements regarding the business results forecast accounted for in this financial report are based on current information acquired by ROHM
as well as specific legitimate prerequisites, actual business results may be considerably different due to various factors. For prerequisites on business
results forecasts and other related subjects, please refer to “3. Qualitative information regarding consolidated business results forecast”, [Qualitative
information: Financial statements and others] on page 5 and “Announcement concerning revision of the business results forecast” which we released
today (August 7, 2009).
-2-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
[Qualitative information: Financial statements and others]
1. Qualitative information regarding consolidated business results
Overall condition of business performance
The world economy in the first quarter of the year ending March 31, 2010 started to show signs of recovery from the sluggishness
that predominated since last autumn, gradually progressing in the direction of recovery. However, in individual regions, the
slowdown in new housing construction and the deterioration of the employment environment still remain serious; the economic
situation is still far from a full-fledged recovery. In the US, the economic situation showed some tendency towards stopping the
slowdown including a recovery of consumption, but the unemployment rate still continued to rise, and severe conditions remain.
Also, in Europe, consumption was partly on the way to recovery, and export showed a stop to the slowing, however a deteriorative
tendency continued with employment. In Asia, exports stopped decreasing, and consumption improved centering on China, but it is
still far from a full-fledged recovery. In Japan, in addition to the fact that the effects of various economic measures propped up the
economy, and exports, especially those to Asia, showed signs of recovery, personal consumption stopped decreasing. However,
corporate capital investment remained sluggish and economic confidence continued to be in a severe state.
In the electronics industry, the large-scale production adjustment from last autumn ended, and the production of personal computers,
AV equipment, and mobile phones bottomed out, but the resilience is not powerful enough and the industry is still in a severe state.
In the electronic component industry, the market showed signs of recovery but, due to the scaled back demand for parts in excess of
production adjustments of final products that set manufacturers have instituted from last autumn, it could not escape negative growth
on a year-to-year basis, and could not reach a full-fledged recovery.
Within individual regions of Japan, flat-screen TVs were in strong demand and sales of personal computers also remained robust,
centered by laptops for personal use, owing to the effects of various measures such as the upcoming complete switchover to
terrestrial digital media broadcasting in 2011 and eco-point systems of home appliances. However, the recovery was weak in the
audio equipment market, and the mobile phone market also continued to decline. In the automotive market, the demand for hybrid
vehicles increased thanks to measure to promote purchases of eco-friendly cars, but the overall market remained sluggish.
Regarding other Asian regions, in China, political measures to disseminate home appliances increased demand, and flat-screen TVs
registered robust sales. But, the existing AV equipment markets, which include DVD players and audio equipment, declined. In
Taiwan, the production of low-priced personal computers was strong, but the number of contained parts tended to decrease, and
demand on the amount-base was weak. In the US automotive market, the slowdown seemed to have stopped, but sales on a
year-to-year basis decreased considerably, and the demand for parts remained stagnant. In Europe, the mobile phone market and the
automotive market leaned towards recovery, but remained unchanged.
Under these circumstances, the ROHM Group’s viewpoint was that the market would continue to expand in the medium to long term,
focused on strengthening sales in the automotive, electrical, and flat-screen TV markets, as well as increasing sales to overseas
customers, thus exerting itself to enforce the structure of sales divisions related to the automotive and electrical markets, as well as
the sales structure for overseas customers with a particular focus on these potential growth markets. Furthermore, the Group
focused on the development of eco-devices with an aim to improve the global environment, and sales of energy-saving and advanced
“LED lighting” that can contribute to CO2 reduction. In addition, the Group continuously promoted policies to develop a long-term
position as a strong, competitive semiconductor corporation via a company-wide effort to improve the management of OKI
Semiconductor Co., Ltd., which ROHM purchased last year, and to construct a cooperative system with the LSI division of ROHM.
The net sales of the first quarter of the year ending March 31, 2010 recorded 76,559 million yen (a decrease of 5.9 percent from the
first quarter of the previous fiscal year). Concerning the gross profit, although ROHM thoroughly exerted its utmost efforts to
reduce fixed cost, it marked 16,434 million yen (a decrease of 41.6 percent from the first quarter of the previous fiscal year). This
was because the company is undertaking improvement of the profit structure of OKI Semiconductors Co., Ltd. The operating loss
was 4,918 million yen (the operating income of 9,222 million yen in the first quarter of the previous fiscal year). This was
attributable to the increase in selling, general and administrative expenses.
The ordinary loss was 5,074 million yen (the ordinary income of 15,967 million yen in the first quarter of the previous fiscal year)
and the net loss recorded 3,724 million yen (the net income of 8,959 million yen in the first quarter of the previous fiscal year).
Overview of performance in each division
<Integrated circuits>
Net sales for the first quarter of the year ending March 31, 2010 were 42,350 million yen (an increase of 21.0 percent from the first
quarter of the year ended March 31, 2009).
In the category of LSIs, signs of recovery appeared from the abrupt adjustment phase of last autumn, but the overall market remained
in a severe state. The sales of ICs for mobile phones including LED drivers for overseas markets were robust, but the sales of
analog front-end LSIs were weak. For audio equipment, audio DSPs were in strong demand, but sales of Voice Generation ADPCM
Decoder LSIs (*1), system motor drivers for car AVs and sound processors were weak. For flat-screen TVs, sales of D-grade
speaker amplifiers and backlight inverters were strong, but sales of timing controllers and OverDrive processors decreased.
In the
game console segment, motor drivers for DVDROM recorded robust sales, but sales of video encoders decreased. For personal
computers, sales of driver ICs for fan motors slowed down. Regarding general-purpose equipment, sales of EEPROMs, DC/DC
converters and LDO regulators (*2) were sluggish. In regard to power management LSIs, ROHM focused its effort on
enhancement of the product lineup based on the fact that demand for LED driver LSIs that can save energy has been increasing.
-3-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
In the area of modular products, power modules for home appliances and automobiles recorded brisk activity, however sales of IrDA
(*3) modules decreased, and sales of AC/DC converters were sluggish.
At OKI Semiconductor Co., Ltd., net sales of P2ROMs for amusement equipment and LCD drivers were strong, but overall sales of
car components slowed down considerably.
ROHM continued to focus its efforts on improving its production system efficiency and took steps to share a production line with
OKI Semiconductor.
*1.
Voice Generation ADPCM Decoder LSI
An LSI for demodulating voice-compressed data in the form of ADPCM and for reproducing the sound on a speaker
*2.
LDO regulator
A circuit for outputting a desired constant voltage from a certain input voltage. LDO stands for Low Drop Out type, which
suffers minimal loss in conversion.
*3.
IrDA
A standard for transmitting and receiving data using infrared rays Widely used for laptop computers and mobile phones
<Discrete semiconductor devices>
Net sales for the first quarter of the year ending March 31, 2010 were 24,725 million yen (a decrease of 28.1 percent from the first
quarter of the year ended March 31, 2009).
In the transistor and diode product group, fast recovery diodes (*4) and zener diodes had brisk sales, but sales of transistors and
small-signal diodes declined.
The market of LEDs (light-emitting diodes) declined, but blue LEDs and white LEDs enjoyed robust sales.
As for laser diodes, sales continued to be sluggish.
In the areas of production systems, production transfers continued to overseas plants in Thailand, Philippines, and Tianjin, China.
Furthermore, with the objective of enhancing the Group’s ability to respond to cost concerns, ROHM strived for improved efficiency
of production lines.
*4.
Fast recovery diode
A diode that is equipped with features for faster reverse recovery than a normal diode
<Passive components>
Net sales for the first quarter of the year ending March 31, 2010 were 4,133 million yen (a decrease of 23.5 percent from the first
quarter of the year ended March 31, 2009).
In the resistors product family, rapid decrease in received orders from last autumn partly recovered; and ultra-small-size and
ultra-low-ohmic resistance-type products remained robust, but sales of other chip resistors were weak.
Regarding tantalum capacitors, bottom-surface electrodes experienced a favorable increase in sales, but mainly the existing type
recorded weak sales.
The production system for tantalum capacitors was continuously strengthened at the plant in Thailand and efforts for cost reduction
were exerted.
<Displays>
Net sales for the first quarter of the year ending March 31, 2010 were 5,350 million yen (a decrease of 18.8 percent from the first
quarter of the year ended March 31, 2009).
In the printhead product family, although those related to multifunction printers were firm in sales, image sensor heads for facsimile
machines and small-size thermal printheads for miniaturized printers recorded sluggish sales.
Although LED displays lost sales, including a decrease in sales of LED display modules such as eight-character numeric displays,
dot matrix-type LED display modules enjoyed brisk sales.
Regarding LED lighting, which is expected to be an energy-saving light source of the next generation and can contribute to CO2
reduction, commercial facilities and office buildings started to adopt it, thus gradually increasing sales.
In production systems, enforcement of a production control system at the Dalian plant and consolidation of production lines at
individual plants progressed, in an effort to reduce cost.
-4-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
2. Qualitative information regarding consolidated financial conditions
Analysis of status of assets, liabilities, net assets and cash flow
Under the financial conditions of the first quarter of the year ending March 31, 2010, total assets decreased 22,378 million yen from
the fiscal year ended March 31, 2009 and amounted to 786,807 million yen. This was attributable to a decrease in securities by
23,278 million yen, tangible fixed assets by 7,342 million yen, as well as an increase in cash and time deposits of 7,849 million yen,
and notes and accounts receivable of 6,386 million yen, respectively.
Liabilities decreased 15,407 million yen from the fiscal year ended March 31, 2009 and amounted to 83,937 million yen.
factor for this decrease was a decrease in other accounts payable by 13,206 million yen
The main
Net assets decreased 6,971 million yen from the fiscal year ended March 31, 2009 and amounted to 702,869 million yen. The main
factors for this decrease were a decrease in shareholders' equity by 10,852 million yen due to payment of dividends and net loss, and
an increase in net unrealized gain on available-for-sale securities of 4,364 million yen.
Consequently, equity ratio increased to 89.1 percent from the 87.5 percent of the fiscal year ended March 31, 2009.
In addition, cash flow status was as follows.
Cash flow from operating activities of the first quarter of the year ending March 31, 2010 decreased by 1,451 million yen (an
increase of 10,389 million yen in the first quarter of the previous fiscal year). It was mainly attributable to the decrease factors of
decrease in other accounts payable, increase in notes and accounts receivable, and loss before income taxes and minority interests,
and the increase factors of decrease in depreciation and inventories.
Cash flow from investment activities of the first quarter of the year ending March 31, 2010 decreased by 2,057 million yen (an
increase of 20,462 million yen in the first quarter of the previous fiscal year). This was mainly caused by the decrease factors such
as purchases of tangible fixed assets and increase in time deposit, and the increase factor of revenue from selling and paying-off of
securities and investment securities.
Cash flow from finance activities of the first quarter of the year ending March 31, 2010 decreased by 7,171 million yen (a decrease of
18,080 million yen in the first quarter of the previous fiscal year). This was due to the decrease factor of the payment of dividends.
Consequently, cash and cash equivalents decreased by 11,852 million yen and the balance as of the end of the first quarter of the year
ending March 31, 2010 recorded 250,357 million yen.
3. Qualitative information regarding consolidated business results forecast
The business results forecasts for the first six months of the year ending March 31, 2010 and throughout the fiscal year
The business environment in this fiscal year is still surrounded by tough circumstances, but the overall global economy seems to have
passed the worst period, triggered by economic stimulus packages of individual countries. In the electronics market, some of the
markets such as flat-screen TVs are advancing in the direction of recovery.
ROHM has been implementing various cost reduction measures to cope with the drastic deterioration in the market environment
since last autumn, and these measures are showing a certain level of effects. Under these circumstances, the business condition is
progressing stronger than the forecast in the beginning of this fiscal year. Accordingly, ROHM has revised the business results
forecast for the first six months of the year ending March 31, 2010 as follows:
Consolidated business results forecast (the first six months of the year ending March 31, 2010)
Net sales
Operating loss
Ordinary loss
Net loss
160,000
2,000
1,500
2,500
million yen (Decrease by 6.3 percent from the first quarter of the previous fiscal year)
million yen
million yen
million yen
As for the business results forecast throughout the year ending March 31, 2010, the outlook of the business environment of the
second half is still unclear. Therefore, ROHM decided to leave the business results forecast announced in the “Financial Report for
the Year Ended March 31, 2009” on May 11, 2009, unchanged.
-5-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
4. Others
(1) Major change in subsidiaries during the first quarter (Changes to designated subsidiaries involving changes to the
extent of consolidation)
There is no relevant item.
(2) Application of simple accounting procedure and specific accounting procedure for compiling consolidated
quarterly financial statement:
There is no relevant item.
(3) Changes in accounting policies, procedures, indication methods, etc. concerned with the preparation of quarterly
financial statements
There is no relevant item.
-6-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
5. Consolidated quarterly financial statements for the year ending March 31, 2010
(1) Consolidated quarterly balance sheets
The end of the first quarter of the
year ending March 31, 2010
(June 30, 2009)
(Unit: millions of yen)
Abstract of consolidated balance
sheets of the end of the previous
consolidated fiscal year
(March 31, 2009)
Assets
Current assets
Cash and time deposits
Notes and accounts receivable trade
255,809
247,960
70,377
63,991
Securities
20,015
43,293
Commodities and products
18,322
22,241
Products in progress
40,229
44,859
Raw materials and inventories
22,155
22,300
Prepaid pension cost
3,289
3,409
Deferred tax assets
7,687
7,986
Refundable income taxes
2,570
2,433
Others
5,911
6,207
-524
-497
445,845
464,187
Buildings and structures
210,076
210,215
Machinery, equipment and vehicles
464,756
463,466
43,642
43,593
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Tools and furniture
Land
84,490
84,391
Construction in progress
16,271
16,412
Accumulated depreciation
-544,339
-535,839
Total tangible fixed assets
274,897
282,239
18,322
19,406
3,041
3,055
21,363
22,462
34,137
29,877
Deferred tax assets
4,257
4,091
Others
6,647
6,680
-341
-352
Intangible fixed assets
Goodwill
Others
Total intangible fixed assets
Investments and other assets
Investment securities
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets
-7-
44,700
40,296
340,961
344,998
786,807
809,185
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
The end of the first quarter of the
year ending March 31, 2010
(June 30, 2009)
(Unit: millions of yen)
Abstract of consolidated balance
sheets of the end of the previous
consolidated fiscal year
(March 31, 2009)
Liabilities
Current liabilities
Notes and accounts payable trade
17,033
15,722
Other accounts payable
14,986
28,192
Accrued income taxes
1,063
1,017
Deferred tax liabilities
1,565
3,704
Allowance for restructuring expenses
5,259
6,011
Others
12,701
13,676
Total current liabilities
52,610
68,325
Deferred tax liabilities
15,414
14,832
Liabilities for retirement benefits
Others
12,026
12,216
3,886
3,969
Total long-term liabilities
31,326
31,019
83,937
99,344
Long-term liabilities
Total liabilities
Net assets
Shareholders' equity
Common share
86,969
86,969
Capital surplus
102,403
102,403
Retained earnings
634,263
679,996
Treasury stock-at cost
-57,093
-91,973
Total shareholders' equity
766,543
777,395
Unrealized or translated gains/loss
Net unrealized gain on available-for-sale securities
4,532
168
Foreign currency translation adjustments
-70,107
-69,756
Total unrealized or translated gains/losses
-65,575
-69,587
1,901
2,033
702,869
709,840
786,807
809,185
Minority interests
Total net assets
Total of liabilities and net assets
-8-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
(2) Consolidated quarterly statements of income
(First quarter of the year ending March 31, 2010)
First quarter of the year ended
March 31, 2009
(From April 1, 2008
To June 30, 2008)
(Unit: millions of yen)
First quarter of the year ending
March 31, 2010
(From April 1, 2009
To June 30, 2009)
Net sales
81,387
76,559
Cost of sales
53,247
60,124
Gross profit
28,139
16,434
Selling, general and administrative expenses
18,916
21,353
9,222
-4,918
Operating income (-loss)
Non-operating income
Interest income
Investment gain on equity method
Foreign currency exchange gain
Others
Total non-operating income
1,861
422
-
280
5,278
-
326
401
7,466
1,103
685
-
Non-operating expenses
Investment loss on equity method
Foreign currency exchange loss
-
1,239
37
20
722
1,259
15,967
-5,074
Gain on sale of fixed assets
98
12
Gain on sale of investment securities
94
-
Others
Total non-operating expenses
Ordinary income (-loss)
Extraordinary gains
Reversal of allowance for doubtful accounts
36
-
Revenue from subsidies
232
-
Total extraordinary gains
462
12
0
30
Extraordinary losses
Loss on sale/disposal of fixed assets
Abandonment loss on fixed assets
4
25
232
-
Loss on sales of affiliate companies’ shares
-
52
Loss on revaluation of investment securities
1
0
Loss by narrowing down fixed asset
Special severance payments for early retired employees
638
210
Restructuring expenses
-
262
Settlement paid
-
470
Total extraordinary losses
877
1,051
15,552
-6,113
Income taxes-current
3,504
722
Income taxes-deferred
3,083
-2,977
Total income taxes
6,587
-2,255
5
-133
8,959
-3,724
Income (-loss) before income taxes and minority interests
Minority interests (-loss)
Net income (-loss)
-9-
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
(3) Consolidated quarterly statements of cash flows
First quarter of the year ended
March 31, 2009
(From April 1, 2008
To June 30, 2008)
(Unit: millions of yen)
First quarter of the year ending
March 31, 2010
(From April 1, 2009
To June 30, 2009)
Operating Activities
Income (-loss) before income taxes and minority interests
15,552
-6,113
9,631
11,134
-
1,077
Increase (-decrease) in net liability for retirement benefits
56
-171
Increase (-decrease) in prepaid pension cost
-6
119
Depreciation
Amortization of goodwill
Increase (-decrease) in allowance for restructuring expenses
-
-757
Interest and dividends income
-2,040
-571
Foreign currency exchange loss (-gain)-net
-5,053
286
Decrease (-increase) in notes and accounts receivable -trade
-2,688
-6,560
1,677
8,796
-163
1,402
Decrease (-increase) in inventories
Increase (-decrease) in notes and accounts payable -trade
Increase (-decrease) in other accounts payable
Others -net
Interest and dividends -received
Interest expenses
-
-9,659
-5,557
-596
2,351
607
-
-4
Income taxes -refunded (-paid)
-3,369
-441
Net cash used by operating activities
10,389
-1,451
Investing Activities
Decrease (-increase) in time deposits
60
-2,344
Purchase of securities and investment securities
Revenue from selling and paying-off of securities and
investment securities
-535
-2
29,079
8,244
Purchases of tangible fixed assets
-8,192
-7,365
Proceeds from sales of tangible fixed assets
Expense from sale of subsidiary's share accompanying
revision on the extent of consolidation
134
22
-
-60
Others -net
-84
-551
20,462
-2057
Net cash used in investing activities
Financing Activities
Purchases of treasury share
Dividends paid
Others -net
Net cash used in financing activities
Effect of Exchange Rate Changes on Cash and Cash
Equivalents
Net Increase(-Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of the Fiscal Year
Increase(-Decrease) in Cash and Cash Equivalents
Accompanying Revision on Extent of Consolidation
Cash and Cash Equivalents at End of the First Quarter
- 10 -
-1
-5
-18,079
-7,122
-
-43
-18,080
-7,171
12,234
-1,173
25,005
-11,852
325,715
262,210
-158
-
350,562
250,357
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
(4) Note on going concern
No applicable items
(5) Segment information
[Industry segments]
The first quarter of the year ended March 31, 2009 (From April 1, 2008 to June 30, 2008) and the first quarter of the year ending
March 31, 2010 (From April 1, 2009 to June 30, 2009)
The main operations of the ROHM Group are the manufacturing and sales of electronic components. Since the Group does not
have any segment subject to disclosure other than such operations, the disclosure of industrial segment information has been
omitted.
[Geographical segments]
First quarter of the year ended March 31, 2009 (From April 1, 2008 to June 30, 2008)
Japan
Sales
(1) Sales to customers
(2)
Inter-area transfer
Total sales
Operating income (- loss)
Asia
Americas
Europe
Total
(Unit: millions of yen)
Eliminations/
Consolidated
Corporate
28,790
45,607
2,680
4,308
81,387
-
81,387
49,698
50,767
191
108
100,766
(100,766)
-
78,489
96,375
2,872
4,417
182,154
(100,766)
81,387
4,951
6,600
-5
52
11,599
(2,376)
9,222
(Notes) 1. Countries and areas are segmented based on their geographical proximity.
2. Major countries and areas that belong to segments other than Japan are as follows:
Asia:
China, Taiwan, Singapore
Americas: United States
Europe:
Germany
3. Changes in the method of accounting procedure
(Accounting standards regarding evaluation of inventory assets)
Starting with the consolidated accounting period of the first quarter of the year ending March 31, 2010, ROHM is
applying “Accounting Standards Regarding Evaluation of Inventory Assets” (Accounting Standard No. 9, Issued on
July 5, 2006, The Accounting Standards Board of Japan). The impact of this change on the operating income of the
geographical segments information is minor.
(Immediate management regarding accounting procedures of foreign subsidiaries for the preparations of
consolidated financial statements)
Starting with the consolidated accounting period of the first quarter of the year ending March 31, 2010, the
“Immediate Management Regarding Accounting Procedures of Foreign Subsidiaries for the Preparations of
Consolidated Financial Statements” (Report on Responding to Business Practice No.18, Issued on May 17, 2006,
Accounting Standards Board of Japan) is being applied. The impact of this change on the operating income of the
geographical segments information is minor.
First quarter of the year ending March 31, 2010 (From April 1, 2009 to June 30, 2009)
Japan
Sales
(1) Sales to customers
(2)
Inter-area transfer
Total sales
Operating income (- loss)
Asia
Americas
Europe
Total
(Unit: millions of yen)
Eliminations/
Consolidated
Corporate
32,452
38,092
3,141
2,872
76,559
-
76,559
42,058
46,544
130
74
88,807
(88,807)
-
74,510
84,636
3,272
2,947
165,366
(88,807)
76,559
-7,128
4,506
-176
-393
-3,192
(1,726)
-4,918
(Notes) 1. Countries and areas are segmented based on their geographical proximity.
2. Major countries and areas that belong to segments other than Japan are as follows:
Asia:
China, Korea, Taiwan
Americas: United States
Europe:
Germany
- 11 -
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
[Sales to foreign customers]
First quarter of the year ended March 31, 2009 (From April 1, 2008 to June 30, 2008)
I
Sales to foreign customers
Asia
Americas
Europe
45,864
2,827
3,968
II Net sales
(Unit: millions of yen)
Total
52,661
81,387
III Sales to foreign customers
as a percentage of net
56.3 %
3.5 %
4.9 %
64.7 %
sales
(Notes) 1. Countries and areas are segmented based on their geographical proximity.
2. Major countries and areas that belong to each segment are as follows:
Asia:
China, Taiwan, Singapore
Americas: United States
Europe:
Germany
3. Sales to foreign customers consist of export sales of ROHM and its domestic consolidated subsidiaries and sales
(other than exports to Japan) of the overseas consolidated subsidiaries.
First quarter of the year ending March 31, 2010 (From April 1, 2009 to June 30, 2009)
I
Sales to foreign customers
Asia
Americas
Europe
39,471
2,760
2,647
II Net sales
(Unit: millions of yen)
Total
44,880
76,559
III Sales to foreign customers
as a percentage of net
51.5 %
3.6 %
3.5 %
58.6 %
sales
(Notes) 1. Countries and areas are segmented based on their geographical proximity.
2. Major countries and areas that belong to each segment are as follows:
Asia:
China, Korea, Taiwan
Americas: United States
Europe:
Germany
3. Sales to foreign customers consist of export sales of ROHM and its domestic consolidated subsidiaries and sales
(other than exports to Japan) of the overseas consolidated subsidiaries.
(6) Note in case of significant change in amount of shareholders’ equity
Rohm, at the Board Directors Meeting held on May 11, 2009, has decided to retire a part of its treasury shares based on the
provision of Chapter 178 of the Companies Act and accordingly, on May 29, 2009, the company retired them as follows.
[1]
[2]
[3]
Type of shares that were retired
Number of shares that were retired
Total amount of shares that were retired
Common share
3,501,388 shares
34,886 million yen
- 12 -
ROHM CO., LTD. (6963) Financial Report for the First Quarter of the Year Ending March 31, 2010
6. Others
Actual sales by product category
Period
Electronic
components
Product category
Integrated circuits
Discrete semiconductor
devices
Passive components
Displays
Total
(Notes)
(Unit: millions of yen)
First quarter of the year ending March 31, 2010
From April 1, 2009
To June 30, 2009
Amount
Ratio
Amount
Ratio
42,350
55.3 %
35,001
43.0 %
24,725
32.3
34,394
42.3
4,133
5.4
5,400
6.6
5,350
7.0
6,590
8.1
76,559
100.0
81,387
100.0
Major products included in each category are as follows:
Product category
Electronic
components
First quarter of the year ended March 31, 2009
From April 1, 2008
To June 30, 2008
Major products
Integrated circuits
Monolithic ICs, Power Modules, Photo Link Modules
Discrete semiconductor
devices
Transistors, Diodes, Light Emitting Diodes, Laser Diodes
Passive components
Resistors, Capacitors
Displays
Thermal Heads, Image Sensor Heads, LED Displays, Others
- 13 -
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