ROHM CO., LTD. Financial Highlights for the Year Ended on March 31, 2013 May 9, 2013 1. Consolidated Financial Results (Figures are rounded down to the nearest million yen. Any fraction less than the unit is rounded off) '13/3 '12/3 Actual Actual Change from the previous year '14/3 (Projected) Amount Percentage Annual Change from the previous year First six months Change from the first six months of the previous year +0.2% Net sales Millions of yen 292,410 304,652 -12,242 -4.0% 300,000 +2.6% 151,000 Cost of sales Selling, general and administrative expenses Operating income Millions of yen 213,275 209,046 +4,229 +2.0% 207,500 103,000 Millions of yen 80,056 89,253 -9,197 -10.3% 76,000 38,600 Millions of yen -921 6,352 -7,273 㧙 16,500 (-0.3%) (2.1%) (-2.4%) 11,786 7,286 +4,500 (4.0%) (2.4%) (+1.6%) -52,464 -16,106 -36,358 (-17.9%) (-5.3%) (-12.6%) -486.63 -149.41 -337.22 (Operating income margin) Millions of yen Ordinary income (Ordinary income margin) Millions of yen Net income (Net income margin) Basic net income per share yen Ratio of net income to equity % -8.4 -2.5 -5.9 Ordinary income to total assets % 1.6 1.0 +0.6 㧙 (5.5%) +61.8% 15,000 +27.3% 㧙 13,500 7,100 㧙 (4.7%) (5.0%) 㧙 9,400 +255.7% (6.2%) 㧙 6,500 (4.5%) (4.3%) 125.22 60.29 㧙 Total assets Millions of yen 699,014 737,326 -38,312 -5.2% Net assets Millions of yen 613,647 634,280 -20,633 -3.3% Equity ratio % 87.7 86.0 +1.7 Net assets per share yen 5,688.21 5,880.27 -192.06 -3.3% Capital expenditures Millions of yen 42,817 51,117 -8,300 -16.2% 37,300 -12.9% 18,650 -17.4% Depreciation Millions of yen 38,879 35,915 +2,964 +8.3% 29,300 -24.6% 13,200 -25.4% Research and development costs Millions of yen 37,750 39,763 -2,013 -5.1% 35,500 -6.0% 18,000 -4.6% Net financial revenue Millions of yen 1,743 1,599 +144 +9.0% Foreign currency exchange gains/losses Millions of yen Foreign exchange rate (Average yen-dollar rate) yen/US$ (gain) 9,697 (loss) 1,284 (gain) 10,981 83.23 79.31 +3.92 +4.9% 90.00 90.00 (Note1) The projected data are based on the information available at the time of release of this report. A number of important factors including business conditions may cause actual results to differ materially from those projected, and therefore, the projected data are not intended to guarantee to be achived by ROHM. (Note2) This report is a translation of the financial highlights and financial report 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. Contact:Public Relations and Investor Relations Dept., ROHM CO., LTD. 21, Saiin Mizosaki-cho, Ukyouku, Kyoto 615-8585 +81-75-311-2121 (KPCPEKCN*KIJNKIJVU 1. Consolidated Financial Results (Continued from the previous page) (Figures are rounded down to the nearest million yen. Any fraction less than the unit is rounded off) '13/3 '12/3 Change from the previous year Change from the previous year -5.6% 140,845 +0.1% 70,800 -3.3% (-11,341) (-18.0%) (39,778) -22.9% (22,078) -21.0% (76,956) (+3,192) (+4.1%) (92,562) +15.5% (44,749) +10.0% (6,530) (6,765) (-235) (-3.5%) (5,290) -19.0% (2,387) -31.0% (2,503) (2,492) (+11) (+0.4%) (3,213) +28.4% (1,584) +37.4% Actual 140,761 149,134 -8,373 (Japan) (51,578) (62,919) (Asia) (80,148) (Americas) (Europe) Millions of yen Discrete semiconductor devices Change from the first six months of the previous year Annual Actual Sales by individual segments and by individual regions䋨 䋨Note1䋩 䋩 IC '14/3 (Projected) Amount Percentage First six months 99,373 103,861 -4,488 -4.3% 99,527 50,174 -1.3% (Japan) (33,558) (37,394) (-3,836) (-10.3%) (30,581) -8.9% (15,496) -12.4% (Asia) (57,443) (58,140) (-697) (-1.2%) (59,513) +3.6% (30,074) +2.8% (Americas) (4,167) (3,947) (+220) (+5.6%) (4,774) +14.6% (2,376) +22.0% (Europe) (4,203) (4,379) (-176) (-4.0%) (4,656) +10.8% (2,227) +13.3% 52,275 51,656 +619 +1.2% 59,628 +14.1% 30,026 +12.6% (Japan) (18,001) (17,304) (+697) (+4.0%) (20,208) +12.3% (10,641) +8.2% (Asia) (28,879) (29,035) (-156) (-0.5%) (33,956) +17.6% (16,662) +16.8% (Americas) (2,153) (1,894) (+259) (+13.7%) (2,188) +1.6% (1,084) +1.0% (Europe) (3,242) (3,422) (-180) (-5.3%) (3,274) +1.0% (1,637) +9.7% 292,410 304,652 -12,242 -4.0% 300,000 +2.6% 151,000 +0.2% (Japan) (103,139) (117,618) (-14,479) (-12.3%) (90,568) -12.2% (48,217) -13.1% (Asia) (166,471) (164,133) (+2,338) (+1.4%) (186,033) +11.8% (91,486) +8.7% Others Total (Americas) +0.2% (12,850) (12,606) (+244) (+1.9%) (12,254) -4.6% (5,847) -9.7% (9,949) (10,294) (-345) (-3.3%) (11,144) +12.0% (5,448) +18.2% 5.6 7.8 -2.2 Home appliance 3.4 3.2 +0.2 Other consumer 12.5 12.7 -0.2 Computer and OA 12.4 12.5 -0.1 Telecommunications 12.8 12.9 -0.1 Automotive 24.5 22.0 +2.5 Other industrial 6.1 6.0 +0.1 Subassemblies 16.9 17.4 -0.5 5.8 5.5 +0.3 (Europe) Sales by application (Note2) Audio,Visual Others Major End Products Audio,Visual 㧑 TV,HD Recorder/Player,Video Camera,Memory Audio,Electronic Musical Instrument,etc. Home Appliances Microwave Oven,Air Conditioner,Refrigerator,Washing Machine,etc. Other Consumer Telecommunications Digital Still Camera,Game Machine,Watch,etc. PC,Server,PDA,Printer,Data Storage(DVD-ROM,CD-RW,CDROM,HDD,FDD),Monitor,Terminal,etc. Cellular Phone/PHS,Modem,FAX,Network,etc. Automotive Engine Control Unit,Air bag,Car Navigation,Car Audio etc. Other industrial Medical Equipment,Electrical Measuring,Machine Tool,Vending Machine,etc. Computer and OA Subassemblies Others Power Supply For Consumer Appliance/Telecommunications/PC/Industrial Equipment,Flat panel module for PC/TV Tuner,Motor,Power,Optical Pick up OEM Sales,Lighting,etc. (Note1) The sales mentioned above are for external customers. (Note2) Since ROHM changed the way it classifies sales by application as of the year ended March 31, 2013, the company changed its components for the year ended March 31, 2012 and posted those component ratios by application accordingly. (KPCPEKCN*KIJNKIJV 2. Relevant information (Figures are rounded down to the nearest million yen. Any fraction less than the unit is rounded off) '12/3 '13/3 Actual Actual Change from the previous year '14/3 (Projected) Amount Percentage Change from the previous year Annual Change from First six the first six months months of the previous year Capital expenditures by individual segments Millions of yen IC 15,051 27,252 -12,201 -44.8% 15,200 +1.0% 7,550 +12.8% 14,949 11,334 +3,615 +31.9% 15,600 +4.3% 7,600 -7.6% Others 6,692 7,603 -911 -12.0% 5,100 -23.8% 2,550 -53.2% Sales and Administrative Expenses Division 6,124 4,925 +1,199 +24.3% 1,400 -77.1% 950 -56.8% 42,817 51,117 -8,300 -16.2% 37,300 -12.9% 18,650 -17.4% 30.0 60.0 -30.0 40.0 (15.0) (30.0) (-15.0) (20.0) Domestic 5,269 5,900 -631 -10.7% Overseas 14,934 15,395 -461 -3.0% Total 20,203 21,295 -1,092 -5.1% (2,966) (3,243) (-277) (-8.5%) 48 48 0 (Domestic) (12) (12) (0) (Overseas) (36) (36) (0) 4 6 -2 (0) (0) (0) 1 1 0 (0) (0) (0) 29,321 29,255 +66 Discrete semiconductor devices Total Annual cash dividends yen (Year-end cash dividends) (yen) Number of employees (Number of R&D employees) Number of consolidated subsidiaries Number of affiliated companies (Number of companies accounted for by equity method) Number of non-consolidated subsidiaries (Number of companies accounted for by equity method) Number of shareholders Financial institution shareholding ratio % 20.37 21.52 -1.15 Foreign shareholding ratio % 51.11 49.72 +1.39 (KPCPEKCN*KIJNKIJVU +0.2% 20.0 Financial Report for the Year Ended March 31, 2013 (Japan GAAP, Consolidated) May 9, 2013 Listed Company Name: ROHM CO., LTD. Stock Exchange Listings: Tokyo, Osaka Code No.:6963 URL http://www.rohm.com Company Representative: (Title) President (Name) Satoshi Sawamura Contact Person: (Title) Director, Accounting Headquarters (Name) Eiichi Sasayama TEL +81-75-311-2121 Scheduled Date of Annual Meeting of Shareholder June 27, 2013 Scheduled Dividend Payment Date June 28, 2013 Scheduled Date of Securities Report for Submission June 27, 2013 Supplementary Material Prepared for Account Closing : Yes Financial Results Briefing Available : Yes (For analysts and institutional investors) (Figures are rounded down to the nearest million yen) 1. Consolidated Business Results for the Year Ended March 31, 2013 (From April 1, 2012 to March 31, 2013) (1) Consolidated Results of Operations (The percentages [%] represent changes from the previous year.) Net sales Operating income Millions of yen Year ended March 31, 2013 Year ended March 31, 2012 (Note) Comprehensive Income % Millions of yen Ordinary income % % 292,410 -4.0 -921 ! 11,786 304,652 -10.9 6,352 -80.6 7,286 Year ended March 31, 2013: -15,776 million yen (—%) Year ended March 31, 2012: - 22,585 million yen (—%) Basic net income per share Ratio of net income to equity Diluted net income per share Yen Millions of yen 61.8 -72.8 -52,464 -16,106 % ! ! Ordinary income to Operating income total assets to net sales Yen Year ended March 31, 2013 -486.63 Year ended March 31, 2012 -149.41 (Reference) Investment loss (-gain) on equity method Net income Millions of yen % ! -8.4 ! -2.5 Year ended March 31, 2013: — million yen Year ended March 31, 2012: — million yen % % 1.6 1.0 -0.3 2.1 (2) Consolidated Financial Position Total assets Net assets Millions of yen Year ended March 31, 2013 Year ended March 31, 2012 (Reference) Shareholder’s equity Equity ratio Millions of yen 699,014 613,647 737,326 634,280 Year ended March 31, 2013: 613,270 million yen Year ended March 31, 2012: 633,982 million yen Net assets per share % Yen 87.7 86.0 5,688.21 5,880.27 (3) Consolidated Cash Flows Cash flows from operating activities Year ended March 31, 2013 Year ended March 31, 2012 Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of year Millions of yen Millions of yen Millions of yen Millions of yen 50,540 36,858 -73,138 -45,788 -5,120 -10,494 197,045 208,745 2. Dividend Details End of the first quarter End of the interim Yen Year ended March 31, 2012 Year ended March 31, 2013 Year ending March 31, 2014 (Estimates) Dividend per share End of the End of year third quarter Yen Yen Total annual dividend Annual Yen Yen Millions of yen 6,468 3,234 ! ! 30.00 15.00 ! ! 30.00 15.00 60.00 30.00 ! 20.00 ! 20.00 40.00 Shareholder Dividend on net payout ratio asset ratio (consolidated) (consolidated) % % 1.0 0.5 ! ! 31.9 3. Consolidated Business Results Forecast for the Year Ending March 31, 2014 (From April 1, 2013 to March 31, 2014) (The percentages [%] shown for Fiscal 2014 figures represent changes from the previous fiscal year and those for the quarter figures represent changes from the interim data of the previous fiscal year.) Net sales Millions of yen Interim Fiscal 2014 151,000 300,000 Operating income % Millions of yen 0.2 2.6 9,400 16,500 Ordinary income % Millions of yen 255.7 ! 7,100 15,000 Basic net income per share Net income % ! 27.3 Millions of yen 6,500 13,500 % ! ! Yen 60.29 125.22 * Note (1) Major Changes in Subsidiaries during the Year Ended March 31, 2013 (Changes to specified subsidiaries accompanying revision on the scope of consolidation): None !, Excluded company New company - (Company name: (Company name: (2) Changes in Accounting Policies, Changes in Accounting Estimates, and Restatement of Revisions [1] Changes in accounting policies according to revisions to accounting standards: [2] Changes in accounting policies other than items indicated in [1]: [3] Changes in accounting estimates: [4] Restatement of revisions: (3) Number of Shares Outstanding (common shares) [1] Year-end number of shares outstanding Year ended March 31, 2013 (incl. treasury stocks) [2] Year-end number of Year ended March 31, 2013 treasury stocks [3] Average number of Year ended March 31, 2013 shares during the term ) : None : None : None : None 113,400,000 shares Year ended March 31, 2012 113,400,000 shares 5,586,081 shares Year ended March 31, 2012 5,585,173 shares 107,814,422 shares Year ended March 31, 2012 107,815,275 shares (Reference) Summary of non-consolidated operating results Non-consolidated Business Results for Year Ended March 31, 2013 (From April 1, 2012 to March 31, 2013) (1) Non-consolidated Results of Operations Net sales Millions of yen Year ended March 31, 2013 Year ended March 31, 2012 (The percentages [%] represent changes from the previous year) Operating income % 249,741 255,787 Millions of yen -2.4 -13.1 % -15,933 -7,506 Basic net income per share Ordinary income Millions of yen 21,416 8,428 ! ! % ! ! ! ! Net assets Millions of yen Year ended March 31, 2013 Year ended March 31, 2012 (Reference) Shareholder’s equity 4,200 -68,982 Yen 38.96 -639.82 (2) Non-consolidated Financial Position Total assets 154.1 -84.7 Millions of yen Diluted net income per share Yen Year ended March 31, 2013 Year ended March 31, 2012 Net income % Equity ratio Millions of yen 463,989 403,845 467,061 403,511 Year ended March 31, 2013: 403,845 million yen Year ended March 31, 2012: 403,511 million yen Net assets per share % Yen 87.0 86.4 3,745.76 3,742.63 *Disclosure Regarding Implementation Status of Auditing Procedures This financial report is not subject to auditing procedures under the Financial Instruments and Exchange Act. At the time of disclosure of this financial report, auditing procedures for financial statements under the Financial Instruments and Exchange Act had not been completed. *Explanation on Adequate Usage of Business Results Forecast Statements on business results forecasts in this financial report are based on current information that ROHM acquired as well as specific premises that the company judges legitimate, therefore, ROHM makes no promises as to actual results attaining these forecasts. Actual business results may be considerably different due to various factors. For presuppositional conditions used for business results forecasts and notes on using the forecasts, please refer to “1. Analysis of Business Results and Financial Position (1) Analysis of Business Results,” on page 4 of the Appendix of the Financial Report for the Year Ended March 31, 2013. ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 Appendix !Table of Contents 1. Analysis of Business Results and Financial Position (1) Analysis of Business Results (2) Financial Analysis (3) Basic Policy for Profit Distribution and Dividends for the Year Ended March 31, 2013 and Year Ending March 31, 2014 (4) Company Business Risks 2. Status of the ROHM Group 3 Management Policies (1) ROHM’s Basic Management Policy (2) Mid- to Long-term Corporate Strategies (3) Priority Issues 4. Consolidated Financial Statements (1) Consolidated Balance Sheets (2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income Consolidated statement of income Consolidated statement of comprehensive income (3) Consolidated Statement of Shareholders' Equity (4) Consolidated Statement of Cash Flow (5) Note on Going Concern (6) Major Items for the Preparations of Consolidated Financial Statements (7) Change in Indication Method (8) Notes on Consolidated Financial Statements (Notes on Consolidated Statement of Changes in Shareholders’ Equity) (Segment Information) (Per Share Data) (Significant Subsequent Events) 5. Others (1) Production, Orders and Sales (2) Transfer of Directors *Separately attached as supplementary material are “Financial Highlights for the Year Ended March 31, 2013.” 2 2 4 5 6 8 9 9 9 10 11 11 13 13 14 15 17 18 18 18 18 18 19 23 23 24 24 26 ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 1. Analysis of Business Results and Financial Position (1) Analysis of Business Results [1] Business Results for the Year Ended March 31, 2013 General Overview of Business Performance The world economy in the current fiscal year continued to be weak as a whole due to China’s economic slowdown coupled with a prolonged economic recession in Europe, although signs of economic recovery were seen in the US after the fall of last year. By individual regions, in the US, economic recovery remained weak in the first half of the fiscal year due to uncertainty over a tight fiscal policy, but after the fall signs of improvement were seen in consumption and employment, placing the overall economy on a recovery trend. In Europe, the economy continued to slump because of prolonged financial and monetary problems, while in China, the overall economy exhibited slower growth due to decreasing export expansion, which was affected by the economic recession in Europe and other major markets. India and South Korea also experienced slowing economic growth due to sluggish exports. And in Japan, exports and industrial production slowed down after the summer on the heels of a recovery trend that arose out of reconstruction demands following the Great East Japan Earthquake - amid the backdrop of a sluggish world economy and appreciation of the yen. But after the new year, promising signs for the economy were seen again with higher stock prices and the depreciation of the yen. In the electronics-related industries, smartphones and tablet computers enjoyed robust sales. And the overall automotive market was strong, although the Japanese market temporarily entered an adjustment phase after the fall. However, the markets, including existing mobile phones, personal computers, and flat screen TVs, went through a prolonged adjustment period, leaving them in severe shape. In the face of such a business environment, the entire ROHM Group remained committed to reducing costs not only by increasing efficiency through the restructuring of production systems centered on ICs production systems, reviewing semiconductor materials, and streamlining via yield ratio improvements, but also by moving forward with structural reform, which include personnel cutbacks. In addition, to increase sales over the mid- to long-term, the Group strengthened its product lineups and positioned four key areas as engines for future growth: 1) IC synergy (with LAPIS Semiconductor Co., Ltd.), 2) SiC-based power devices, 3) LEDs and related products and 4) Sensor-related products. The ROHM Group views the automotive, telecommunication infrastructure and industrial equipment markets (including FA) as significant areas where growth is expected, and has accordingly increased sales personnel in these important markets and created new product strategy groups for different segments. In order to respond to increased customer globalization, the company proceeded to restructure the sales system from one focused on individual regions into a sales system centered on customers. And, at individual overseas sites, the ROHM Group has been working to enhance customer support capabilities by employing local FAEs (*1). Regarding new product development, ROHM has put much effort into developing high efficiency power related ICs for automotive applications, high reliability resistors, ultra-compact discrete semiconductor devices for mobile devices such as smartphones, tablet PCs, and CPU peripheral devices, and ultra-low power wireless modules for smart homes based on specified low power radio (*2) technology, which are expected to see significant adoption. ROHM also continued to develop new fields for mid- to long-term growth by upgrading its product lineups of SiC devices and modules, which we are quickly progressing as next-generation technologies, as well as launching sales of the B-analyst (*3), micro-blood analysis system in Europe and commercializing solid fuel type hydrogen fuel cells (*4) under a joint development program with Aquafairy Corp. and Kyoto University. As mentioned above, ROHM endeavored to recover its business results through company-wide efforts, but due to continuing difficulties in the business environment, net sales for the year ended March 31, 2013 were 292,410 million yen (a decrease of 4.0 percent from the year ended March 31, 2012), and operating loss was 921 million yen (operating income of 6,352 million yen for the year ended March 31, 2012). Ordinary income was 11,786 million yen (an increase of 61.8 percent from the year ended March 31, 2012), after foreign currency exchange gains, and the net loss for the year was 52,464 million yen due to a considerable amount of impairment losses of fixed assets (net loss of 16,106 million yen for the year ended March 31, 2012). *1. FAE (Field Applications Engineer) Engineers and technicians who provide technical support and proposals, including technical information, to customers. *2. Specified low power radio A low-output-type radio communication standard that can be used without a license, qualification or registration. The 429MHz and other bandwidths have already been approved, with the 920MHz bandwidth recently opened in July 2012. Compared to the 2.4GHz bandwidth (which includes wireless LANs), these wavelengths can reach long distances easily even through obstacles. *3. Micro-blood analysis system ‘B-analyst’ A proprietary system that performs precision diagnostic tests using only a trace amount of blood. In 2008 the system was being sold in Japan under the name Banalyst®Ace. Then in November 2012 ROHM entered into a marketing alliance in Europe with A. Menarini Diagnostics of Italy under the name of ‘B-analyst’. *4 Solid fuel type hydrogen fuel cells A type of fuel cell in which hydrogen is formed and electricity generated after solidified calcium hydride is processed into a sheet-like structure and water is added. This cell is safer and more portable than existing methanol and hydrogen fuel cells using cylinders. It is also an extremely clean form of energy. -2- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 Performance Overview by Segment <ICs> Net sales for the year ended March 31, 2013 were 140,761 million yen (a decrease of 5.6 percent from the year ended March 31, 2012), and segment losses for the year were 7,824 million yen (segment losses of 6,665 million yen for the year ended March 31, 2012). In the digital AV equipment field, sales of lens controller driver ICs for digital cameras increased in the first half of the year, but entered an adjustment phase due to the sluggish market after the fall. Sales in the flat screen TV sector also remained slow, and power ICs for LCD panels remained in the doldrums. In the mobile phone sector, the demand for sensor ICs for smartphones was strong, while extreme price competition for parts, coupled with the effects of a sluggish market for conventional mobile phones, lowered the demand for LED driver ICs to lower than expected levels. For gaming consoles, along with the launch of new models, sales centered on power ICs were on a recovery trend, but entered an adjustment phase again after the new year. Regarding personal computers, sales of motor driver ICs were on a recovery trend in the first half of the year, but entered an adjustment phase after the fall. For the automotive components market, sales of LED driver ICs for lamps were robust. Likewise, in the industrial equipment market, sales of power ICs were strong. At LAPIS Semiconductor Co., Ltd., a ROHM Group company, sales of low power microcontrollers for the security market and custom memory ICs for handheld game console were strong, while the demand for other memory ICs, including P2ROM (*5) products for the entertainment market, significantly decreased due to market slowdown. In addition, LAPIS Semiconductor Co., Ltd. sold its optical components division in order to focus on its core business. Regarding production systems, ROHM decreased its production volumes at its headquarters in Kyoto and at ROHM Apollo Co., Ltd. in Fukuoka Prefecture and worked to reduce costs through material changes and improvements in the yield ratio while promoting 300mm wafer power devices at ROHM Hamamatsu Co., Ltd. in Shizuoka Prefecture and improving production efficiency at individual factories. ROHM also enhanced its BCM (Business Continuity Management) system against risks such as disasters by sharing production lines with LAPIS Semiconductor Co., Ltd. *5. P2ROM (Production Programmed ROM) Non-volatile memory developed by LAPIS Semiconductor Co., Ltd. Products are shipped after the customer’s program and data are written into memory at the factory. They are often used for gaming consoles, and feature a shorter turnaround time (TAT) compared to conventional mask ROMs. <Discrete Semiconductor Devices> Net sales for the year ended March 31, 2013 were 99,373 million yen (a decrease of 4.3 percent from the year ended March 31, 2012), and segment profits were 7,929 million yen (a decrease of 31.7 percent from the year ended March 31, 2012). In the diode and transistor categories, sales were severe due to the effects of a considerable decrease in production in the flat screen TV market, coupled with slow recovery caused by fewer orders in automotive markets resulting from the flooding in Thailand. In the SiC sector, which is used in next-generation high-efficiency devices, ROHM put much effort into enriching product lineups of SiC diodes and MOSFETs and began full-scale mass-production of full SiC modules, for use in such products as air-conditioners. Regarding LEDs, small-package products, including PicoLEDs, sold well. Concerning laser diodes, sales of dual-wavelength pulsation laser diodes for CD/DVD players(*6) and other applications were slow. As for production systems, ROHM decided to close its transistor wafer factory in Ibaraki Prefecture and concentrate its efforts toward reducing costs by improving production efficiency at individual group factories in Thailand, the Philippines, and Tianjin, China. ROHM also made considerable efforts to enhance its BCM (Business Continuity Management) system. *6. Dual-wavelength pulsation laser diodes for CD/DVD players Self-pulsation-type dual-wavelength laser diodes in which a single element generates two lasers, a 780nm beam for playing CDs and a 650nm type for playing DVDs. <Other> Net sales for the year ended March 31, 2013 were 52,275 million yen (an increase of 1.2 percent from the year ended March 31, 2012), and segment losses were 2,433 million yen (segment losses of 482 million yen for the year ended March 31, 2012). In the resistor category, sales of mainly ultra-compact resistors for the mobile phone market entered an adjustment phase, but transitioned toward recovery trend after the new year. Sales of tantalum capacitors were extremely sluggish due to the flooding in Thailand in the first half of the year, but gradually showed signs of recovery. With optical modules, although sales of photointerrupters(*7) decreased due to the sluggish market for digital cameras and printers in China and Europe, sales of infrared LED modules for smartphones were robust. Regarding LED lighting products, sales were steady due to growing energy concerns and enhanced product lineups. In the power module category, power supply modules for LED lighting enjoyed increased sales. Concerning thermal printheads, sales for mini-printers recovered and sales of image sensor heads for scanners increased after the summer. In the medical field, sales of micro-blood analysis systems steadily increased although growth was still small in scale. Regarding production systems, ROHM strove to improve production efficiency, reduce costs, and continued to strengthen -3- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 its BCM (Business Continuity Management) system at group factories in Thailand, the Philippines, and Dalian and Tianjin in China. *7 Photointerrupter A sensor comprised of an infrared emitter on one side and an infrared detector on the other side. The sensor detects that the beam from the emitter is blocked when an object passes through the beam. It is often used to detect the existence or location of objects. It should be noted that the above sales are for external customers. [2] Prospects for the Next Fiscal Year Overall Conditions Concerning the Performance Prospects for the Next Fiscal Year In regards to the world economy, although there are destabilizing factors such as remaining uncertainties over financial and rete semiconmonetary problems in Europe, improvements in employment conditions and the housing market in the US, coupled with increased exports from China, all indicate that the global economy as a whole is on the road to recovery. And in Japan, growing expectations over economic recovery backed by the depreciation of the yen and high stock prices have led to brighter economic prospects. In the electronics market, along with the expected recovery of the world economies mentioned above, the automotive components and industrial equipment sectors also show signs of recovering and the markets for smartphones and tablet PCs continue to enjoy robust sales. In contrast, however, AV-related markets, including those for personal computers and digital cameras, remain sluggish. In addition, fierce competition in the global market shows no signs of weakening, leading to severe market projections. Under these circumstances, the ROHM Group will continue to develop new products that meet future market needs in the fields of high value-added ICs and LED-related products, and introduce them onto the market when appropriate. The Group will also make the utmost efforts to increase sales worldwide in a variety of areas including the automotive and industrial equipment markets, and continue to focus on long-term research and development. In addition, amid intensifying global competition, the Group will work to reform its business structure into a more effective production system and further reduce costs, with the goal of recovering its business performance and improving corporate value. In consideration of the above mentioned situations, ROHM forecasts consolidated business results for the year ending March 31, 2014 as follows. Details of consolidated sales prospects of individual segments are as follows. Integrated circuits 140,845 million yen (0.1 percent up from the current fiscal year) 99,527 million yen (0.2 percent up from the current fiscal year) Discrete semiconductor devices Others 59,628 million yen (14.1 percent up from the current fiscal year) The forecasts are based on an exchange rate of 90 yen to US$1. (2) Financial Analysis Analysis on status of assets, liabilities, net assets and cash flow During the year ended March 31, 2013, total assets decreased by 38,312 million yen from the previous fiscal year, amounting to 699,014 million yen. The main factors behind the decrease were that other current assets decreased by 32,817 million yen (including accrued insurance payouts for flooding in Thailand of 32,245 million yen), and tangible fixed assets decreased by 31,954 million yen. On the other hand, cash and time deposits increased by 12,958 million yen, and inventory assets increased by 10,017 million yen. -4- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 Liabilities decreased by 17,679 million yen from the previous fiscal year, amounting to 85,367 million yen. The main causes were that accounts payable decreased by 10,661 million yen, notes and accounts payable trade decreased by 6,422 million yen, and the allowance for restructuring expenses decreased by 2,056 million yen. Net assets decreased by 20,633 million yen from the previous fiscal year, amounting to 613,647 million yen. The main causes were a decrease in shareholders' equity by 57,318 million yen, and an increase in foreign currency translation adjustments by 35,620 million yen. Consequently, equity ratio increased from the 86.0 percent of the previous fiscal year to 87.7 percent. Cash flow in the year ended March 31, 2013 was as follows. Cash flow from operating activities increased by 13,682 million yen, which amounts to a plus of 50,540 million yen (a plus of 36,858 million yen in the year ended March 31, 2012). This was mainly attributable to certain positive factors in that impairment losses increased, insurance proceeds received increased, and insurance adjustments decreased, and to certain negative factors in that the net loss before tax increased, and notes and accounts payable-trade changed from an increase to a decrease. Cash flow from investment activities recorded a minus of 73,138 million yen (a minus of 45,788 million yen in the year ended March 31, 2012) because of an increase in expenses of 27,350 million yen. This was mainly attributable to time deposits changing from a decrease to an increase, and expenses on purchases of tangible fixed assets increasing, which worked as negative factors, and expenses on purchases of subsidiaries’ shares that had accrued in the previous year not being incurred this year, which worked as a positive factor. Cash flow from financial activities decreased by 5,374 million yen (a minus of 10,494 million yen in the year ended March 31, 2012) and recorded a minus of 5,120 million yen in the year ended March 31, 2013. It was mainly attributable to the positive effects of a decrease in dividend payments. As a result of adding an increase in exchange rate changes of 16,018 million yen, cash and cash equivalents decreased by 11,699 million yen from the previous fiscal year, and amounted to 197,045 million yen. Plant and equipment investment of 37,300 million yen and depreciation of 29,300 million yen are scheduled as events with potential to significantly affect cash flow in the next fiscal year. (Reference) Changes in cash-flow indicators Year ended March 31, 2009 Year ended March 31, 2010 Year ended March 31, 2011 Year ended March 31, 2012 Year ended March 31, 2013 Equity ratio 87.5% 87.4% 87.7% 86.0% 87.7% Equity ratio on a market value basis 66.2% 94.7% 73.9% 59.7% 53.2% Ratio of cash flow to interest-bearing liability 0.012/year 0.012/year 0.007/year 0.008/year 0.002/year 4,066.3 2,886.4 3,031.2 2,716.4 7,662.4 Interest coverage ratio (Computation) Equity ratio = Equity/Total assets Equity ratio on a market value basis = Aggregate market value of shares/Total assets Ratio of cash flow to interest-bearing liability = Interest-bearing liability/Cash flow Interest coverage ratio = Cash flow/Interest payment (3) Basic Policy for Profit Distribution and Dividends for the Year Ended March 31, 2013 and Year Ending March 31, 2014 [1] Basic Policy for Profit Distribution Under the global-scale restructuring and shakeout of the semiconductor industries, ROHM aggressively infuses funds to necessary capital investments and M&A to win out over the competition, and strives to improve business performance over the long-term in order to live up to the expectations of its shareholders. In profit distribution to shareholders, ROHM will make every effort to reliably pay dividends based on its business performance and cash flow, from the long-term perspective of continually improving corporate value and ensuring stable and continuous payment of dividends. Regarding the market environment surrounding ROHM, market growth in the mid- to long-term can be expected alongside continued informatization. However, global competition will intensify due to global-scale restructuring and a shakeout of the industry. In order to maintain growth and increase business performance under these circumstances, it is imperative that ROHM develop unique products and enhance cost competitiveness. In response, ROHM is making every effort to enhance its corporate value by actively investing cash reserves and generated cash flows in facilities necessary to enhance its developmental and technological expertise, which are essential to maintain a competitive edge, and in strategic businesses, including partnerships and acquisitions that can be expected to produce synergistic results and attractive returns. [2] Profit Distribution for the Year Ended March 31, 2013 In consideration of the tight business environment and future capital requirements, the year-end dividend will be 15 yen per share. As a result, the annual dividend, with 15 yen per share added as an interim dividend, is scheduled to be 30 yen per share. -5- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 [3] Schedule of Profit Distribution for the Year Ending March 31, 2014 Profit distributions for the year ending March 31, 2014 are scheduled, in consideration of performance for the next fiscal year and cash flow status, at 20 yen per share as an interim dividend and 20 yen per share as a year-end dividend, totaling 40 yen. [4] Retirement of Treasury Stock The ROHM Group considers a maximum 5 percent of the total outstanding shares as its treasury stock holdings, and, in principle, any amount beyond this limit is retired at the end of every fiscal year. Also, the Group always keeps no more than 5 percent of its treasury stocks on hand in order to ensure management flexibility for merger and acquisition activity and other needs as required. For your information, treasury stock holdings on hand in the year ended March 31, 2013 (5,586 thousand shares) were 4.93 percent of the total outstanding shares, falling below 5 percent. (4) Company Business Risks The following are risks that may have a significant impact on the financial status and operating results of the ROHM Group. [1] Risks Associated with Market Changes The semiconductor and electronics component industries are subject to sharp and abrupt changes in market conditions in the short term, caused by factors such as the production trends of end-set manufacturers, which readily fluctuate according to the sales performance of electronic products, automotive products, and industrial equipment, as well as competition in prices and technology development with rival companies. Prices are especially susceptible to sudden drops due to the supplydemand relationship, while competition from emerging Asian manufacturers tends to cause instability with regard to maintaining and increasing sales and ensuring profits. [2] Exchange Risks The ROHM Group has expanded its stronghold in global development, production, and sales. Therefore, the financial statements prepared in each local currency are converted into Japanese yen in order to prepare consolidated financial statements. Accordingly, even if the values in local currencies remain the same, the profits and losses on the consolidated financial statement may be affected by the exchange rates at the time of conversion. The ROHM Group, while conducting production activities in Japan and Asian countries, sells its products in Japan, Asia, the US, and Europe. This means different currencies are used between production and sales bases, and consequently exchange rate fluctuations exert a continual influence on the ROHM Group. Generally, a strong Japanese yen conversion adversely affects our business performance, while a weak yen conversion has a favorable impact. [3] Risks of Product Defects As stated in the Company Mission, the ROHM Group places top priority on quality, and develops products subject to stringent quality control standards. However, this does not guarantee that defective products will never be produced or that claims arising from product defects will never be sought by buyers in the future. If a buyer should make a claim for defects regarding ROHM products, company performance may be adversely affected. [4] Legal Risks In order to manufacture products distinguishable from those of other companies, the ROHM Group develops various new technologies, cultivates expertise, and manufactures and sells products worldwide based on these proprietary technologies. The ROHM Group has a division that specializes in the strict supervision of in-house activities in order to ensure that the technologies and proprietary knowledge used by the Group do not infringe on the intellectual property rights of other companies such as patent rights. In addition, in all business fields in which the ROHM Group is involved, the Group complies with all relevant laws and regulations with respect to the utilization and handling of exhaust air, drainage, harmful materials, waste treatment, surveys on soil/underground water pollution, and the protection of the environment, health, and safety. However, the Group may incur legal responsibilities in this respect due to unexpected events, which may possibly have an adverse influence on business results. [5] Natural Disasters and Geopolitical Risks The ROHM Group performs development, manufacturing, and sales activities not only in Japan but also worldwide. To distribute the associated risks, the Group locates production lines at different bases. However, these production bases may be damaged due to earthquake, typhoon, flooding, other natural disasters, political uncertainty or international conflicts. Business results could be adversely affected by stalled product supply or considerable changes in electronics markets due to these unforeseen events. [6] Mergers and Acquisitions Risks The ROHM Group, taking into account future business prospects, considers it necessary to investigate and implement mergers and acquisitions worldwide with a focus on entering new fields that are relevant to our existing business, and to always make the utmost efforts to improve corporate value and expand the size of our business. In conducting mergers and acquisitions, we thoroughly study, review, and discuss matters before any acquisitions are made. Nonetheless, due to unexpected circumstances or significant changes in market forces after an acquisition, an acquired business may not progress -6- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 as expected and we may suffer losses in some cases as a result. [7] Research and Development Risks At present, new technologies and products are being developed and diffused in different electronics fields. ROHM, as a part of electronics related industry, continually faces stiff competition in technology and product development and therefore must exert ourselves day and night in the research and development of materials and products in order to produce new products and technologies. Consequently, our research and development expenditures in the year ended March 31, 2013 were approximately 13 percent of our consolidated sales. In these research and development activities, plans may be considerably delayed, and the opportunity to introduce them into the market missed, for example, due to a lack of technical capabilities or the ability to develop new products. And, there is also the possibility that the new products we develop may not receive favorable acceptance by the market as anticipated. If this occurs, it may affect our business performance. [8] Other Risks and Our Corporate Risk Management System In addition to the above-mentioned risks, there are various other factors that may influence our financial situation and business performance, such as risks related to logistics, material procurement, security leaks, and information systems. In response, the ROHM group has been making company-wide efforts to enhance its risk management system in order to avert these risks and, in their event, minimize their impact. To identify, analyze, control, and manage significant risks that may arise in the course of executing business, we organized the “Risk Management and BCM Committee” under the CSR Committee with the President, serving as the chairman. Along with overseeing the activities of the main departments that control risks, the committee crafts and enforces across the company Business Continuity Plans (BCP) so that ROHM is proactive and prepared for thinkable risks. -7- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 2. Status of the ROHM Group The ROHM Group consists of ROHM Co., Ltd., 49 consolidated subsidiaries (13 in Japan and 36 outside Japan) and 4 affiliated companies (2 in Japan and 2 outside Japan). We are a comprehensive electronic component manufacturer, whose principal business is the manufacture and sales of electronic components. A group diagram and information on affiliated companies are given below. As these subsidiary companies are doing business across multiple segments, it is complicated to describe by individual segments. Therefore, segments are indicated as one package. -8- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 3. Management Policies (1) ROHM’s Basic Management Policy ROHM believes that, in creating and improving our overall corporate values, added-values created by the company’s business activities should be allocated in appropriate proportions to all constituents, including shareholders, employees, and stakeholders of local communities, while retained earnings should be allotted to business investment and efforts to increase competitive strength. To pursue this objective, it is also essential to obtain the understanding and cooperation of all those with a stake in the company’s performance. Making ROHM’s shares more attractive to investors is one of the important aspects of company management. With these perspectives, ROHM has committed itself to developing market-leading products by focusing on high valueadded system ICs, power devices, LED-related products, and sensor devices for digital information appliances, mobile electronic equipment, industrial equipment and automotive components, where further market expansion is expected. As a fundamental policy, ROHM pursues a stable supply of high quality, cost-competitive products in high volume through optimal utilization of its distinctive production technologies that will help to maintain a leading position in the global electronic components market. (2) Mid- to Long-term Corporate Strategies ROHM celebrated its 50th anniversary in 2010. In order to respond to increased market globalization, we embarked on a campaign, titled ‘Next 50’, that focuses on four growth strategies that we believe will lead to significant growth in the mid- to long-term. <1> Four Growth Engine Strategies [1] IC synergy with LAPIS Semiconductor Co., Ltd. As IC technological requirements reach higher levels, ROHM continues to enhance its capability to develop system solutions that can more flexibly respond to a wide range of needs by combining ROHM’s strength in analog linear technology with LAPIS Semiconductor’s market-leading digital technology, including low power microcontrollers and memories. [2] Power device products (including SiC) ROHM is proceeding with developing and strengthening product lineups of SiC devices that can deliver significantly lower loss and more stable operation under high temperature than conventional silicon semiconductors. In addition, the company has been enhancing product lineups of SiC modules that combine these features and has begun adopting these modules for use in next-generation energy equipment, such as electric vehicles and solar power generation devices. Also, regarding existing silicon devices, we are strengthening our lineups of IGBT (*8), and high efficiency transistors/diodes. * 8 IGBT (Insulated Gate Bipolar Transistor) A type of power semiconductor device that utilizes the advantages of MOSFET and bipolar transistors. It is used for controlling electric power. [3] LED and related products, from LED elements to lighting equipment ROHM has been expanding its lineup of LED lighting equipment through the AGLED brand and expanding sales to electric appliance stores and for office use. Also, in the LED related market that continues to grow with next-generation lighting and indicators, ROHM has been enhancing its product lineups to include power supply modules for LED lighting, sensor devices, LED driver ICs, and discrete ICs. [4] Sensor products With the rapid expansion of applications and product lineups of sensor-related devices such as MEMS accelerated sensors, illuminance sensors, and image sensors, ROHM has been putting much effort into its lineup of sensor-related devices that utilize a variety of technologies, including semiconductor production technology, module technology, and IC circuit design technology. In addition, the company is promoting various combinations of different types of sensors and proposing total solutions. -9- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 <2> Enhancement Strategies for the Automotive and Industrial Equipment Markets The automotive market, which is seeing increased computerization, and the industrial equipment market, which continues to grow at a steady pace, require a stable supply of high quality, high reliability products – all of which ROHM can easily provide. We will leverage our strengths in developing high quality, high reliability and focus on new markets, from the latest automotive systems, and new energy applications to FA machines and medical equipment. <3> Sales Enhancement Strategy for Overseas Customers Amidst the increased globalization and expansion of markets not only in the US and Europe, but also in China, Taiwan, South Korea, and emerging markets, ROHM is moving ahead with cultivating overseas customers and strengthening sales activities. We are working to set up systems that fit the needs of overseas customers, from product configuration to development, sales, and technical support, with the aim of increasing sales and shares in overseas markets. <4> Enhancement Strategy for Existing Products In addition to strengthening new categories of business, ROHM will take steps to expand market share and ensure profits with existing products that support ROHM’s current sales by identifying customer requirements in advance, including the need for greater sophistication and/or miniaturization and develop new industry-leading products and technologies that will gain market share. (3) Priority Issues Although the global economy is gradually showing positive signs, as Japan and the US are seeing some improvement in personal consumption and employment, a full recovery is expected to take time due to financial and monetary problems in Europe. The electronics industry will continue to grow in the mid- to long-term thanks to the increased proliferation of digital appliances and automotive computerization. However, competition with regard to prices and technologies will become more spirited, making it increasingly necessary to supply products that are competitive all over the world. ROHM will accomplish this by developing new products and technologies that respond to global markets, and by thoroughly tackling cost reduction. Under these circumstances, the ROHM Group will exert itself to identify needs in advance and develop eco-friendly devices that meet energy-saving needs and novel applications never before seen, in a broad range of markets (i.e. automotive electronics equipment, flat screen TVs, information and telecommunication, and mobile equipment). In order to keep pace with rapid changes in the global and Asian electronic components markets and increase market share, ROHM will not only develop and distribute new products but will also continue to implement enhancements intended to strengthen sales structures for overseas customers by expanding sales bases and increasing the number of FAEs in inland China and developing new sales activities for companies in India and Brazil. In the future, based on our experiences and lessons learned from the Great East Japan Earthquake and the flooding in Thailand, ROHM will further strengthen its management system to ensure business continuity by reviewing and restructuring measures against natural disasters, geopolitical risks, and other unforeseen events. -10- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 4. Consolidated Financial Statements (1) Consolidated Balance Sheets (Unit: millions of yen) Year ended March 31, 2012 (March 31, 2012) Assets Current assets Cash and time deposits Notes and accounts receivable trade Marketable securities Commodities and products Products in progress Raw materials and inventories Prepaid pension cost Deferred tax assets Refundable income taxes Others Allowance for doubtful accounts Total current assets Fixed assets Tangible fixed assets Buildings and structures Accumulated depreciation Buildings and structures (net) Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles (net) Tools and furniture Accumulated depreciation Year ended March 31, 2013 (March 31, 2013) 211,199 67,393 15,618 24,366 38,508 30,652 2,250 1,369 2,887 40,474 -265 224,157 65,424 15,996 30,808 44,224 28,511 2,092 987 3,474 7,657 -270 434,457 423,064 208,252 -129,037 207,891 -130,815 79,215 77,075 460,311 -400,069 453,506 -417,769 60,242 35,736 40,600 -34,478 42,323 -35,880 6,121 6,443 79,791 20,015 74,848 19,329 245,386 213,432 5,561 6,049 100 3,624 Total intangible fixed assets 11,610 3,724 Investments and other assets Investment securities Deferred tax assets Others Allowance for doubtful accounts 39,886 1,735 4,784 -533 38,489 7,352 13,056 -104 45,872 58,793 302,869 275,950 737,326 699,014 Tools and furniture (net) Land Construction in progress Total tangible fixed assets Intangible fixed assets Goodwill Others Total investments and other assets Total fixed assets Total assets -11- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (Unit: millions of yen) Year ended March 31, 2012 (March 31, 2012) Liabilities Current liabilities Notes and accounts payable trade Other accounts payable Accrued income taxes Deferred tax liabilities Provision for loss on liquidation of subsidiaries and affiliates Allowance for restructuring expenses Allowance for disaster loss Others Total current liabilities Long-term liabilities Deferred tax liabilities Liabilities for retirement benefits Others Total long-term liabilities Total liabilities Net assets Shareholders' equity Capital stock Capital surplus Retained earnings Treasury stock-at cost Total shareholders' equity Other comprehensive income Net unrealized gain on available-for-sale securities Foreign currency translation adjustments Total other comprehensive income Minority interests Total net assets Total of liabilities and net assets -12- Year ended March 31, 2013 (March 31, 2013) 23,979 29,168 1,551 1,227 17,557 18,507 1,348 1,153 ! 1,511 2,056 61 16,291 ! ! 15,671 74,337 55,750 18,899 7,700 2,109 20,152 6,185 3,278 28,709 29,617 103,046 85,367 86,969 102,403 589,999 -50,084 86,969 102,403 532,683 -50,087 729,288 671,970 3,780 -99,086 4,766 -63,466 -95,306 -58,700 297 377 634,280 613,647 737,326 699,014 ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income (Consolidated statement of income) (Unit: millions of yen) Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) Net sales Cost of sales 304,652 209,046 292,410 213,275 Gross profit 95,606 79,134 Selling, general and administrative expenses 89,253 80,056 Operating income (-loss) 6,352 -921 Non-operating income Interest income Dividends income Foreign currency exchange gain Others 1,171 441 ! 1,167 1,329 420 9,697 1,317 Total non-operating income 2,781 12,765 Non-operating expenses Interests paid Foreign currency exchange loss Laid-off expenses Others 13 1,284 322 226 6 ! ! 50 Total non-operating expenses 1,847 57 7,286 11,786 275 ! 18,320 528 388 2,988 18,596 3,906 8 340 24,180 134 164 274 475 55,046 3 255 812 1,135 ! 1,939 ! ! 778 ! 618 ! 101 280 4,068 2,175 ! Ordinary income Extraordinary gains Gain on sale of fixed assets Gain on sale of investment securities Gain on insurance adjustments Total extraordinary gains Extraordinary losses Loss on sale/disposal of fixed assets Abandonment loss on fixed assets Impairment loss Loss on reduction of fixed assets Loss on revaluation of investment securities Loss on revaluation of subsidiaries’ and affiliates’ stocks Loss on reorganization of subsidiaries and affiliates Restructuring expenses Loss on liquidation of subsidiaries and affiliates Loss on transfer of business Special severance payments for early retired employees Loss on revision of retirement benefit plan Environmental spending Loss from provision for product warranty 220 ! Total extraordinary losses Loss before income taxes Income taxes-current Income taxes-deferred Total income taxes Loss before minority interests Minority interest Net loss -13- 3,670 28,578 68,106 -2,696 -52,414 3,724 9,649 4,404 -4,395 13,374 9 -16,070 -52,424 35 40 -16,106 -52,464 ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (Consolidated statement of comprehensive income) (Unit: millions of yen)" Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Loss before minority interests Other comprehensive income Valuation differences of available-for-sale securities Other valuation differences of foreign exchange translations Total other comprehensive income Comprehensive Income (breakdown) Comprehensive Income Attributable to Parent Company Shareholders Comprehensive Income Attributable to Minority Shareholders -14- Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) -16,070 -52,424 -2,079 986 -4,434 35,661 -6,514 36,647 -22,585 -15,776 -22,602 -15,857 17 81 ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (3) Consolidated Statement of Shareholders' Equity (Unit: millions of yen) Year Ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Shareholders' equity Common share Balance at the beginning of the fiscal year Changes during the fiscal year Total changes during the fiscal year Year Ended March 31, 2013 (From April 1, 2012 To March 31, 2013) 86,969 86,969 ! ! 86,969 86,969 102,403 102,403 -17,039 ! 17,039 ! Total changes during the fiscal year ! ! Balance as of the end of the fiscal year 102,403 102,403 633,388 589,999 -10,242 -16,106 -4,851 -52,464 -17,039 ! Total changes during the fiscal year -43,388 -57,315 Balance as of the end of the fiscal year 589,999 532,683 -67,120 -50,084 -3 17,039 -2 ! Total changes during the fiscal year 17,035 -2 Balance as of the end of the fiscal year -50,084 -50,087 755,641 729,288 -10,242 -16,106 -3 -4,851 -52,464 -2 Total changes during the fiscal year -26,352 -57,318 Balance as of the end of the fiscal year 729,288 671,970 Balance as of the end of the fiscal year Capital surplus Balance at the beginning of the fiscal year Changes during the fiscal year Retired treasury stocks Transfer from retained earnings to capital surplus Retained earnings Balance at the beginning of the fiscal year Changes during the fiscal year Dividends from retained earnings Net loss Transfer from retained earnings to capital surplus Treasury stock Balance at the beginning of the fiscal year Changes during the fiscal year Acquisition of treasury stock Retired treasury stocks Total shareholders' equity Balance at the beginning of the fiscal year Changes during the fiscal year Dividends from retained earnings Net loss Acquisition of treasury stock -15- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (Unit: millions of yen) Year Ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Total of accumulated other comprehensive income Net unrealized gain on available-for-sale securities Balance at the beginning of the fiscal year Changes during the fiscal year Changes (net) in sections other than shareholders' equity during the fiscal year Total changes during the year Balance as of the end of the fiscal year Foreign currency translation adjustments Balance at the beginning of the fiscal year Changes during the fiscal year Changes (net) in sections other than shareholders' equity during the fiscal year Total changes during the year Balance as of the end of the fiscal year Total of accumulated other comprehensive income Balance at the beginning of the fiscal year Changes during the fiscal year Changes (net) in sections other than shareholders' equity during the fiscal year Total changes during the year Balance as of the end of the fiscal year Minority interests Balance at the beginning of the fiscal year Changes during the fiscal year Changes (net) in sections other than shareholders' equity during the fiscal year Total changes during the year Balance as of the end of the fiscal year Total net assets Balance at the beginning of the fiscal year Changes during the fiscal year Dividends from retained earnings Net loss Acquisition of treasury stock Changes (net) in sections other than shareholders' equity during the fiscal year Total changes during the year Balance as of the end of the fiscal year -16- Year Ended March 31, 2013 (From April 1, 2012 To March 31, 2013) 5,859 3,780 -2,079 986 -2,079 986 3,780 4,766 -94,669 -99,086 -4,416 35,619 -4,416 35,619 -99,086 -63,466 -88,810 -95,306 -6,496 36,606 -6,496 36,606 -95,306 -58,700 1,947 297 -1,649 79 -1,649 79 297 377 668,778 634,280 -10,242 -16,106 -3 -4,851 -52,464 -2 -8,145 36,686 -34,498 -20,632 634,280 613,647 ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (4) Consolidated Statement of Cash Flow (Unit: millions of yen) Year Ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Operating Activities Loss before income taxes Depreciation Impairment loss Gain on insurance adjustments Amortization of goodwill Increase (-decrease) in net liability for retirement benefits Increase (-decrease) in provision for loss on liquidation of affiliates and subsidiaries Decrease (-increase) in prepaid pension cost Increase (-decrease) in allowance for restructuring expenses Increase (-decrease) in allowance for disaster loss Loss (-gain) on transfer of business Interest and dividends income Foreign currency exchange loss (-gain) Revaluation loss (-gain) on securities/investment securities Decrease (-increase) in notes and accounts receivable trade Decrease (-increase) in inventories Increase (-decrease) in notes and accounts payable trade Increase (-decrease) in other accounts payable Decrease(-increase) in long-term prepaid expenses Others Year Ended March 31, 2013 (From April 1, 2012 To March 31, 2013) -2,696 34,924 24,180 -18,320 5,251 -52,414 38,856 55,046 -2,988 2,100 -629 -1,198 ! 1,511 12 158 1,911 -2,056 -1,684 ! -1,613 842 -61 280 -1,750 -6,015 977 1,390 5,336 6,211 -13,791 -3,855 2,274 -9,766 998 -1,291 -634 -1,334 -5,598 -644 Subtotal 36,045 17,870 Insurance proceeds received Interest and dividends -received Interest expenses Income taxes -refunded (-paid) 6,593 1,530 -13 -7,297 36,169 1,719 -6 -5,212 Net cash used by operating activities 36,858 50,540 5,039 -19,074 -10,204 -8,540 6,675 4,251 -41,708 361 -4,521 ! -1,430 -50,935 1,444 ! 796 -1,081 Net cash used in investing activities -45,788 -73,138 Financing Activities Expenses on purchases of treasury stock Dividends paid Others -3 -10,242 -248 -2 -4,851 -266 -10,494 -5,120 Investing Activities Decrease (-increase) in time deposits Expenses on purchases of securities and investment securities Revenue from sales and paying-off of securities and investment securities Expenses on purchases of tangible fixed assets Revenue from sales of tangible fixed assets Expenses on purchases of subsidiaries’ shares Revenue from transfer of business Others Net cash used in financing activities Effect of Exchange Rate Changes on Cash and Cash Equivalents Net Increase(-decrease) in Cash and Cash Equivalents -2,551 16,018 -21,975 -11,699 Cash and Cash Equivalents at Beginning of the Fiscal Year 230,721 208,745 Cash and Cash Equivalents at End of the Fiscal Year 208,745 197,045 -17- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (5) Note on Going Concern No applicable items (6) Major Items for the Preparations of Consolidated Financial Statements Items regarding standards for accounting procedures Standard for accounting important allowance Provision for loss on liquidation of subsidiaries and affiliates In order to prepare for the loss which is expected to accrue in accordance with liquidation of its subsidiaries and affiliated companies, ROHM has earmarked estimated amount of losses. Regarding matters other than those mentioned above, since there are no significant changes from the descriptions in the latest securities report (submitted on June 28, 2012), information other than that listed above has been omitted from this disclosure. (7) Change in Indication Method (Consolidated cash flow statement) In the year ended March 31, 2012, “Decrease(-increase) in long-term prepaid expenses”, which was included in “Others” under “Operating Activities,” became more significant in terms of monetary value, therefore ROHM decided to record the amount independently from the current year. In order to reflect the change in posting method, the company has changed the order in the consolidated financial statement. As a result, -1,926 million yen, which was listed in “Others” under “Operating Activities” in the consolidated cash flow statement of the year ended March 31, 2012, was changed to -1,291 million yen and posted as “Decrease(-increase) in longterm prepaid expenses,” and -634 million yen and posted as “Others.” (8) Notes on Consolidated Financial Statements (Notes on Consolidated Statement of Changes in Shareholders’ Equity) Year ended March 31, 2012 (From April 1, 2011 to March 31, 2012) 1. Classifications and total number of shares outstanding and classifications and numbers of treasury stocks (Unit: thousand shares) At the beginning of Increase during Decrease during Number of shares on the year ended the year ended the year ended March 31, 2012 March 31, 2012 March 31, 2012 March 31, 2012 Shares outstanding Common shares (Note 1) 115,300 ! 1,900 113,400 Total 115,300 ! 1,900 113,400 Common shares (Note 1,2) 7,484 0 1,900 5,585 Total 7,484 0 1,900 5,585 Treasury stocks (Note) 1. Regarding the number of issued stocks, the decrease of 1,900 thousand units in treasury stocks was due to cancellation. 2. Concerning common shares, the increase of 0 thousand units of treasury stocks came from the purchase of odd stock. 2. Notes on dividends (1) Dividend paid (Resolution) Annual meeting of shareholders June 29, 2011 Board of Directors’ meeting November 9, 2011 Classification of shares Total dividend amount Dividend per share Base date Date of Effect Common shares 7,008 million yen 65.00 yen March 31, 2011 June 30, 2011 Common shares 3,234 million yen 30.00 yen September 30, 2011 December 2, 2011 -18- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (2) Of the dividends whose base date belongs to the year ended March 31, 2012, those whose dates of effect are after the end of the year Assets Classification Total dividend Dividend per available for Base date Date of Effect (Resolution) of shares amount share dividends Annual meeting of Common 3,234 Retained shareholders 30.00 yen March 31, 2012 June 29, 2012 shares million yen earnings June 28, 2012 Year ended March 31, 2013 (From April 1, 2012 to March 31, 2013) 1. Classifications and total number of shares outstanding and classifications and numbers of treasury stocks (Unit: thousand shares) At the beginning of Increase during the Decrease during the Number of shares on the year ended year ended year ended March 31, 2013 March 31, 2013 March 31, 2013 March 31, 2013 Shares outstanding Common shares 113,400 ! ! 113,400 Total 113,400 ! ! 113,400 5,585 0 ! 5,586 5,585 0 ! 5,586 Treasury stocks Common shares (Note) Total (Note) Concerning common shares, the increase of 0 thousand units of treasury stocks came from the purchase of odd stock. 2. Notes on dividends (1) Dividend paid (Resolution) Annual meeting of shareholders June 28, 2012 Board of Directors’ meeting November 8, 2012 Classification of shares Total dividend amount Dividend per share Base date Date of Effect Common shares 3,234 million yen 30.00 yen March 31, 2012 June 29, 2012 Common shares 1,617 million yen 15.00 yen September 30, 2012 December 7, 2012 (2) Of the dividends whose base date belongs to the year ended March 31, 2013, those whose dates of effect are after the end of the year Assets Dividend per (Resolution, scheduled Classification Total dividend Base date Date of Effect available for share meeting) of shares amount dividends Annual meeting of Common 1,617 Retained 15.00 yen March 31, 2013 June 28, 2013 shareholders shares million yen earnings June 27, 2013 (Segment Information) 1. Segment information (1) Overview of reportable segments The reportable segments of the ROHM Group are units of the group for which separated financial information is available, and which is the subject of the periodical review by the board of directors for the purpose of deciding the distribution of management resources and evaluating business performance. The ROHM Group is a comprehensive manufacturer of electronic components, and sets up operational divisions by individual product categories at its headquarters. Each operational division draws up comprehensive production plans and business strategies for both domestic and overseas operations, and develops global production activities. Therefore, from a management standpoint, the group attaches great importance to the supervision of profits and losses by operational segments organized as operational divisions of individual product categories. For this reason, the group is consolidating operational segments in consideration of characteristics of the products each operational division is manufacturing and similarities of production process, and setting up two reportable segments as “ICs” and “Discrete semiconductor devices”. In the “ICs” segment, products such as analog ICs, logic ICs, memory ICs and ASICs are manufactured and foundry business operations are conducted. Products manufactured in the “Discrete semiconductor devices” segment include diodes, transistors, light-emitting diodes, and laser diodes. -19- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (2) Calculating method of amount of sales, profit or loss, asset, and other items of individual segment information Accounting processing for each reported operating segment is basically identical to accounting standards used for compiling consolidated financial statements. Profits of reported segments are operating income. “Internal sales between individual segments or amount transferred” are calculated based on market price. Although assets of common categories such as sales and administrative expenses, are included in “Adjustments,” depreciation costs derived from these assets are allocated to individual segments according to in-house standards to calculate individual segment profits. (3) Information regarding amount of sales, profit or loss, asset, and other items of individual segment information Year ended March 31, 2012 (From April 1, 2011 to March 31, 2012) (Unit: millions of yen) Reportable segments ICs Discrete semiconductor devices Subtotal Others (Note 1) Total Adjusted amount (Note 2) Amount on consolidated income statement (Note 3) Sales Sales to customers 149,134 103,861 252,995 51,656 304,652 - 304,652 Inter-segment sales or transfer 1,795 1,009 2,805 0 2,805 -2,805 - 150,930 104,870 255,801 51,657 307,458 -2,805 304,652 -6,665 11,616 4,951 -482 4,469 1,883 6,352 128,798 83,362 212,161 35,446 247,608 489,718 737,326 18,446 13,277 31,723 5,115 36,839 -1,914 34,924 4,953 174 5,127 123 5,251 - 5,251 Total Segment profit (-loss) Segment asset Other items Depreciation expense Depreciation of goodwill Increase in tangible 30,132 13,484 43,616 7,603 51,220 2,793 54,014 fixed asset and intangible fixed asset (Note) 1. “Others” is an operational segment that is not included in reportable segments, consisting of business in resistors, printheads, optical modules, tantalum capacitors, power modules, and lightings. 2. Adjustments are as follows. [1]The adjusted amount of the segment profit (loss), 1,883 million yen, mainly includes general administrative expenses of -623 million yen that do not attribute to the segment, and the settlement adjusted amount of 2,506 million yen, which is not allocated to the segment (such as adjustment for retirement benefits). [2]The adjusted amount of 489,718 million yen in segment assets contains corporate assets of 494,432 million yen that have not been allocated to individual segment information and a downward adjustment of fixed assets of -4,714 million yen. Corporate assets do not belong to reported segments, consisting of cash and time deposits of 211,199 million yen, land of 79,791 million yen, and notes receivable and accounts receivable of 67,393 million yen. [3]Adjustments to increases in tangible fixed assets and intangible fixed assets apply to fixed assets of common categories such as sales and administrative expenses. 3. Segment profits or losses are adjusted with operating income or losses on consolidated financial statement. -20- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 Year ended March 31, 2013 (From April 1, 2012 to March 31, 2013) (Unit: millions of yen) Reportable segments ICs Discrete semiconductor devices Subtotal Others (Note 1) Total Adjusted amount (Note 2) Amount on consolidated income statement (Note 3) Sales Sales to customers 140,761 99,373 240,134 52,275 292,410 - 292,410 Inter-segment sales or transfer 2,100 1,931 4,032 1 4,033 -4,033 - 142,862 101,304 244,166 52,277 296,443 -4,033 292,410 Segment profit (-loss) -7,824 7,929 104 -2,433 -2,328 1,407 -921 Segment asset 91,348 92,236 183,584 37,365 220,950 478,064 699,014 20,749 14,675 35,424 4,855 40,280 -1,423 38,856 2,100 - 2,100 - 2,100 - 2,100 Total Other items Depreciation expense Depreciation of goodwill Increase in tangible 15,051 14,949 30,001 6,692 36,693 6,124 42,817 fixed asset and intangible fixed asset (Note) 1. “Others” is an operational segment that is not included in reportable segments, consisting of business in resistors, printheads, optical modules, tantalum capacitors, power modules, and lightings. 2. Adjustments are as follows. [1]The adjusted amount of the segment profit (loss), 1,407 million yen, mainly includes general administrative expenses of -259 million yen that do not attribute to the segment, and the settlement adjusted amount of 1,667 million yen, which is not allocated to the segment (such as adjustment for retirement benefits). [2]The adjusted amount of 478,064 million yen in segment assets contains corporate assets of 479,470 million yen that have not been allocated to individual segment information and a downward adjustment of fixed assets of -1,405 million yen. Corporate assets do not belong to reported segments, consisting of cash and time deposits of 224,157 million yen, land of 74,848 million yen, and notes receivable and accounts receivable of 65,424 million yen. [3]Adjustments to increases in tangible fixed assets and intangible fixed assets apply to fixed assets of common categories such as sales and administrative expenses. 3. Segment profits or losses are adjusted with operating income or losses on consolidated financial statement. 2. Relevant information Year ended March 31, 2012 (From April 1, 2011 to March 31, 2012) (1) Information on individual products and services As the classification of products and services is identical to segment classification, it has been omitted. (2) Information on individual regions [1] Sales Japan China 117,618 82,457 (Unit: millions of yen) Others Total 104,576 304,652 (Note) Sales are based on the location of customers, and categorized by country. [2] Tangible fixed assets Japan 159,333 China 30,814 Thailand (Unit: millions of yen) Others Total 19,100 36,138 245,386 (3) Information on individual significant customers Since there are no customers who account for more than 10 percent of sales to external customers in the consolidated income statement, this section has been omitted. Year ended March 31, 2013 (From April 1, 2012 to March 31, 2013) (1) Information on individual products and services As the classification of products and services is identical to segment classification, it has been omitted. -21- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (2) Information on individual regions [1] Sales Japan China 103,140 Others 94,206 (Unit: millions of yen) Total 95,063 292,410 (Note) Sales are based on the location of customers, and categorized by country. [2] Tangible fixed assets (Unit: millions of yen) Japan 123,219 China Thailand 26,306 Others 27,645 Total 36,261 213,432 (Revision of indication method) In the year ended March 31, 2012, “Thailand,” which was included in “Others,” is independently listed from this fiscal year as the tangible fixed assets of “Thailand” exceeded 10 percent of the amount of tangible fixed assets of the consolidated balance sheet. In order to reflect this revision, we have changed the indication method of the previous fiscal year. As a consequence, 55,238 million yen, which appeared under “Others” in the previous fiscal year, was changed to 19,100 million yen and posted as “Thailand”, and 36,138 million yen and posted as “Others.” (3) Information on individual significant customers Since there are no customers who account for more than 10 percent of sales to external customers in the consolidated income statement, this section has been omitted. 3. Information regarding impairment loss of fixed assets of reported individual segments Year ended March 31, 2012 (From April 1, 2011 to March 31, 2012) (Unit: millions of yen) Segment information Others Corporate/ Semiconductor (Note) Cancellation Total ICs device Impairment loss 14,608 921 15,530 2,429 6,220 (Note) The amount in “Others” is mainly the amount incurred by the tantalum capacitor sector. Year ended March 31, 2013 (From April 1, 2012 to March 31, 2013) 4. Information regarding depreciation amount of goodwill and undepreciated balance Year ended March 31, 2012 (From April 1, 2011 to March 31, 2012) ICs Total 24,180 (Unit: millions of yen) Segment information Others Corporate/ Semiconductor (Note) Cancellation Total ICs device Impairment loss 37,174 5,008 42,183 7,879 4,984 (Note) The amount in “Others” is mainly the amount accrued to resistor sector, print-head sector, and optical module sector. Segment information Semiconductor device Total Others (Note) Total 55,046 (Unit: millions of yen) Corporate/ Cancellation Total Undepreciated amount of the ! ! ! 5,561 5,561 5,561 fiscal year ended March 31, 2012 (Note) “Depreciation of goodwill” has been omitted, as similar information is disclosed in “1. Segment information (3) Information regarding amount of sales, profit or loss, asset, and other items of individual segment information. Year ended March 31, 2013 (From April 1, 2012 to March 31, 2013) ICs Segment information Semiconductor device Total (Unit: millions of yen) Others (Note) Corporate/ Cancellation Total Undepreciated amount of the ! ! ! 100 100 100 fiscal year ended March 31, 2013 (Note) “Depreciation of goodwill” has been omitted, as similar information is disclosed in “1. Segment information (3) Information regarding amount of sales, profit or loss, asset, and other items of individual segment information.” -22- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 5. Information regarding profits of negative goodwill of reported individual segments Year ended March 31, 2012 (From April 1, 2011 to March 31, 2012) There is no relevant information. Year ended March 31, 2013 (From April 1, 2012 to March 31, 2013) There is no relevant information. (Per Share Data) Net asset per share Net loss per share Year ended March 31, 2012 5,880.27 yen Year ended March 31, 2013 5,688.21 yen -149.41 yen -486.63 yen (Note) 1. Net loss per share after adjustment of residual securities is a net loss per share, and as residual securities do not exist, it has been omitted. 2. The basis for the calculation of the net asset per share is as follows. Year ended March 31, 2012 Total net asset Amount deducted from the total of net asset (Minority interests included in the above amount) Year-end net asset from common shares 634,280million yen 613,647 million yen 299 379 (297) (377) 633,980 613,268 Year-end number of common shares used 107,814 thousand shares to calculate net asset per share 3. The basis for the calculation of the net loss per share is as follows. Year ended March 31, 2012 Net loss Amount not attributable to common shareholders Net loss related to common shares Average number of common shares during the year Year ended March 31, 2013 -16,106 million yen 107,813thousand shares Year ended March 31, 2013 -52,464 million yen 1 1 -16,108 -52,466 107,815 thousand shares (Significant Subsequent Events) There is no relevant information. -23- 107,814 thousand shares ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 5. Others (1) Production, Orders and Sales [1] Production (Unit: millions of yen) Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) ICs 147,359 146,739 Semiconductor device 106,910 100,387 Total of reported segment 254,269 247,126 Other 51,659 53,845 Total 305,929 300,972 (Note) The amounts above are calculated based on the average sale prices for each fiscal year and consumption tax and the like are excluded. [2] Orders (Unit: millions of yen) Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Order received Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) Order backlog Order received Order backlog ICs 146,001 23,602 136,928 19,769 Semiconductor device 99,872 14,250 99,637 14,514 Total of reported segment 245,873 37,853 236,565 34,284 Other 50,353 7,412 52,832 7,968 Total 296,227 45,265 289,397 42,252 (Note) The above amounts do not contain consumption tax and the like. -24- ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 [3] Sales Sales by product segment (domestic) (Unit: millions of yen) Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) Sales Sales Domestic Ratio Domestic Ratio ICs 62,919 42.2% 51,578 36.6% Semiconductor device 37,394 36.0 33,558 33.8 Total of reported segment 100,314 39.7 85,137 35.5 Other 17,304 33.5 18,001 34.4 Total 117,618 38.6 103,139 35.3 Sales by product segment (overseas) (Unit: millions of yen) Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) Sales Sales Oversea Ratio Oversea Ratio ICs 86,214 57.8% 89,182 63.4% Semiconductor device 66,466 64.0 65,814 66.2 Total of reported segment 152,681 60.3 154,996 64.5 Other 34,352 66.5 34,274 65.6 Total 187,033 61.4 189,271 64.7 Sales by product segment (total) (Unit: millions of yen) Year ended March 31, 2012 (From April 1, 2011 To March 31, 2012) Year ended March 31, 2013 (From April 1, 2012 To March 31, 2013) Percent Distribution Sales Percent Distribution Sales ICs 149,134 48.9% 140,761 Semiconductor device 103,861 34.1 99,373 34.0 Total of reported segment 252,995 83.0 240,134 82.1 Other 51,656 17.0 52,275 17.9 Total 304,652 100.0 292,410 100.0 (Note) The above amounts are for external customers and do not contain consumption tax and the like. -25- 48.1% ROHM CO., LTD. (6963) Financial Report for the Year Ended March 31, 2013 (2) Transfer of Directors [1] Candidates for new board of directors Isao Matsumoto, Director Katsumi Azuma, Director [2] Director to be resigned from board Takahisa Yamaha, Managing Director -26-
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