fy2009 first half business result...fy091hirprsn100215e 2 copyright ©2010,ulvac,inc.all rights...

FY091HIRPRSN100215E1

Copyright ©2010,ULVAC,Inc.All rights reserved

FY2009 First Half Business Result

（Year Ending June 30, 2010）

ULVAC, Inc.ULVAC, Inc.15th February 2010

Innovation begins in a vacuumInnovation begins in a vacuum【Code No：6728】



　Disclaimer regarding forward-looking statementsForward-looking statements of the company in these presentations are based on information

available at the time these documents were prepared. Ulvac’s customers in the flat-panel display (FPD), Solar cell,semiconductor, and electronic parts industries face the challenge of the rapid pace of technological advances and fierce competition. Consequently, actual earnings may vary substantially from the projections included in these presentations due to a number of factors that could cause, directly or indirectly, performance to fluctuate. The factors that could cause results to differ materially from the statements herein include the world economy; fluctuations in the exchange rate; market conditions for flat-panel displays, semiconductors, and electric devices; and trends in capital investments.

　Disclaimer regarding forward-looking statementsForward-looking statements of the company in these presentations are based on information

available at the time these documents were prepared. Ulvac’s customers in the flat-panel display (FPD), Solar cell,semiconductor, and electronic parts industries face the challenge of the rapid pace of technological advances and fierce competition. Consequently, actual earnings may vary substantially from the projections included in these presentations due to a number of factors that could cause, directly or indirectly, performance to fluctuate. The factors that could cause results to differ materially from the statements herein include the world economy; fluctuations in the exchange rate; market conditions for flat-panel displays, semiconductors, and electric devices; and trends in capital investments.

　Data included in the documents are stated as follows:　Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen

　Data included in the documents are stated as follows:　Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen



Performance Summary for the Fiscal YearEnding 2010/6 (1stHalf)

Prospects for the Fiscal Year Ending 2010/6

Business strategy

Hidenori SUWA, President and CEO


Copyright ©2010,ULVAC,Inc.All rights reserved4

Summary of Business Results for 10/6 2Q (Y-T-D)

Orders received/Sales →Bottomed in the 1Q but rebounded in the 2Q.Solar cell-related: Hovered on a weak note against original

forecasts.Obtained orders mainly in Japan in the 2Q.

FPD-related: Started receiving orders from Chinese LCD manufactures against the backdrop of strong capital investment due to the special procurement from China’s policy to expand theuse of home electric appliances in rural areas.

Semiconductor（including LED）-and electronic device-related：

Orders received and sales rebounded.Profit and loss

1Q：Sales dropped and resulted in a substantial operating loss.2Q：LCD and solar cell contributed and secured operating income.

　　　　Territory-wise, Korea and China contributed. The ordinary loss amount reduced due to a foreign exchange gain.



1,0811,157

1,000923

-3-20-31

38

-500

0

500

1,000

1,500

-100

-50

0

50

100

150

200

250

300

1H 2H 1HE 1H

Summary of 10/6 1stHalf

【Unit:100million Yen】

【Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen　】

Operating Profit

Sales

Sale and Operating Profit(By Half Year)

09/6 ‘10/6

Variance Change1,149 1,110 1,189 79 7%

(- 1%) （-3.4%) （+3.5%）

Back-log 1,642 1,193 1,3531,081 1,000 923 -77 -8%

(- 7%) （- 8%） (-14.6%)38 -31 -20 11 -

(+ 3%) （　―　）（　―　）

Ratio 3.5% -3.1% -2.2%14 -37 -12 25 -

(- 38%) （　―　）（　―　）

2010/6　1Hvs.PlanPlan Result

2009/61H

Net Income

Sales

OpeartingProfit

Booking

The amount of orders received exceeded the forecast due to FPD brought forward. Sales were lower than expected in PVs, used system,etc. Business results posted a substantial operating loss in the 1Q, but showed a reduced deficit thanks to FPD in the 2Q.

The amount of orders received exceeded the forecast due to FPD brought forward. Sales were lower than expected in PVs, used system,etc. Business results posted a substantial operating loss in the 1Q, but showed a reduced deficit thanks to FPD in the 2Q.



Sales performance by segment（1st H）

【Unit:100 million Yen】

【figures indicated above are rounded off to the nearest unit and may not coincide with the total.】

Sales Vs.Forecast（Change）

793 741 -7%FPD Production

Equipment 360 347 -4% Shift to 2H for installedequipment

PV ProductionEquipment 180 163 -9% Shift from initial plan for

booking schedulleSemicondoctor & Electric

Device ProductionEquipment

105 99 -6% ー

Component 95 84 -11% Postponed capital spendingrelated c-Si Solar cells

Industrial Equipment 53 48 -10% ー

207 182 -12% －

Materials 107 101 -6% Cost pressure from customer

Others 100 81 -19% Postponed capital spendingrelated control system

Total 1,000 923 -8%

Vacuum ApplicationBusiness

Vacuum EquipmentBusiness

Factor

10/6 1HResultPlan

（Nov.12Revised）

Segment



-80

-70

-60

-50

-40

-30

-20

-10

0

10

20

-80

-70

-60

-50

-40

-30

-20

-10

0

10

20

▲31 38

1HPlan

▲20

Analysis of Changes in Operating Income（10/6　1H)


1HResult

Operating Profit＋1.1 Bill Yen

Effects of cutting SG&A expenses (up ¥0.7 billion)

Decrease in gross margin (▲ ¥8.9 billion) due to sales decline (▲ ¥1.3 billion)

Increase in gross margin (up ¥1.7 billion) due to improved profitability of 8.5G and solar cells and cost reduction



Performance Summary for the Fiscal YearPerformance Summary for the Fiscal YearEnding 2010/6 (1Ending 2010/6 (1ststHalf)Half)

Prospects for the Fiscal Year Ending 2010/6

Business strategyBusiness strategy




・Manufacturers from around the world are focusing on China. Otheremerging countries are also following.

Global warming countermeasures went into full swing.

Management Environment and ULVAC’s Response

PV（Solar cell）production equipment

Inquiries are increasing, with the spread period approaching. Inquiries are increasing, with the spread period approaching.

Accelerate the development of equipment for crystal-Si, Compound such as CI(G)S, and thin-film Si to promote sales.

FPD-related production equipment

China’s Investment has increased considerably.

Demand for flat-screen TVs rebounded. New business trend consisting of Win 7, 3D TV, and electronic paper.

Inquiries about low-temperature poly silicon (LTPS) and organic EL rapidly increased.

Obtain orders steadily based on timely development

Obtain orders based on a great deal of delivery records and reliable support systems

Actively invest in all fields such as LCD, PV(solar cell), automobiles, home electric appliances and general industries

Reinforce the structure of local subsidiaries and increase orders received through quality improvements

The whole market・Risk of the world economy worsening again depending on the progress

of each country’s exit strategy・Japan’s risk of sinking into a double-dip recession due to deflation and

yen appreciation

Unpredictable management environment

Unpredictable management environment

ULVAC’s response



Demand for LCD increased. Raw material prices are unstable.

Materials/member

Demand in China newly increased. Establish supply chains for material business including recycling

Management Environment and ULVAC’s Response

Expect the growth of Environment-oriented Vehicles on a global basis

Expand sales of manufacturing equipment for film capacitors

General industrial equipment

Other

LED High growth in LCD backlights, illumination, etc.

Increase market shares in Japan, Taiwan, China, Korea, etc.

Semiconductor and electronic device production equipment

Memory Miniaturization Provide reliable follow-up services for existing customers

ULVAC’s response

Energy/environment sector developed.

Demand for EV infrastructure increased. Use of PV has been diversified. Fully enter into quick charge system

sector, PV/EV complex system sector, solar generator etc.

Promote to PV member business



1,0811,157

923

1,477

76

-3

-20

38

-500

0

500

1,000

1,500

2,000

-100

-50

0

50

100

150

200

250

300

350

400

1,0811,157

923

1,477

76

-3

-20

38

-500

0

500

1,000

1,500

2,000

-100

-50

0

50

100

150

200

250

300

350

400

09/6 ‘10/61H 2H 1H 2HE

Forecast of ‘10/6 Full Year

Sale and Operating Profit(By half Year)

Operating Profit

Sales


【Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit after being determined in millions of yen】

1,189 2,120 1,722 +23%（+3.5%）（-41%)

Back-log 1,353 799 1,079923 2,400 2,238 +7%

(-14.6%) （-7%）

-20 56 35 +61%（　―　） (-62%)

Ratio -2.2% 2.3% 1.6%-12 11 8 +36%

（　―　）（-78%)Net Income

1HResult

vs.09/6（Cahnges）Full Year

2010/6 E

Booking

Sales

OpeartingProfit

09/6Result

1,189 2,120 1,722 +23%（+3.5%）（-41%)

Back-log 1,353 799 1,079923 2,400 2,238 +7%

(-14.6%) （-7%）

-20 56 35 +61%（　―　） (-62%)

Ratio -2.2% 2.3% 1.6%-12 11 8 +36%

（　―　）（-78%)Net Income

1HResult

vs.09/6（Cahnges）Full Year

2010/6 E

Booking

Sales

OpeartingProfit

09/6Result

EstimateEstimate

The amount of orders received are expected to exceed the forecast in the FPD, semiconductor, and electronics sectors, while the recovery of PV sector is expected to lag. As for sales, sluggish sales of PVs are expected to be offset by the sales of FPD and semiconductors/electronics. As for business results, FPD and semiconductors/electronics are estimated to contribute, and Korea and China are expected to contribute in terms of territory.

The amount of orders received are expected to exceed the forecast in the FPD, semiconductor, and electronics sectors, while the recovery of PV sector is expected to lag. As for sales, sluggish sales of PVs are expected to be offset by the sales of FPD and semiconductors/electronics. As for business results, FPD and semiconductors/electronics are estimated to contribute, and Korea and China are expected to contribute in terms of territory.



412

216

281

168

133

95

104

106

50

85

99

126

134

110

1H 2HE

412

216

281

168

133

95

104

106

50

85

99

126

134

110

1H 2HE

429559 547

630 628 638

829

325

561

1,221

634

217

88

135 121112 130

178

207

179

153

96

76

57

109

121 130127 137

142

140

126

138 111

68

69

55 7171 89

103

105

119

101

103

71

65

97

144 114139

139

176

171

166

209257

167

147

202

0

500

1,000

1,500

2,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H

429559 547

630 628 638

829

325

561

1,221

634

217

88

135 121112 130

178

207

179

153

96

76

57

109

121 130127 137

142

140

126

138 111

68

69

55 7171 89

103

105

119

101

103

71

65

97

144 114139

139

176

171

166

209257

167

147

202

0

500

1,000

1,500

2,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H

　　　Other Business　　　Others(vacuum-related)　　　Component　　　Semiconductor Production Equipment　　　Display and Electronic Device Production　　　Equipment　　


Transition of Orders received by segment・Estimate

EstimateEstimate


【Figures are rounded off to the first decimal place】

04/6 　　 05/6 06/6 07/6 08/6 09/6 ’10/6E

　　　Other　　　Material 　　　Industrial Equipment　　　Component　　　Semiconductor & Electronic　　　Device Production Equipment　　　PV Production Equipment　　　FPD Production Equipment　　

　　　Other　　　Material 　　　Industrial Equipment　　　Component　　　Semiconductor & Electronic　　　Device Production Equipment　　　PV Production Equipment　　　FPD Production Equipment　　Business segment and sub-segment changed from FY2009(June 2010).

VacuumEquipmentBusiness

VacuumApplicationBusiness



347

575

163

326

99

106

84

105

48

81

101

126

157

81

1H 2HE

347

575

163

326

99

106

84

105

48

81

101

126

157

81

1H 2HE

03/6　　 04/6 　　 05/6 06/6 07/6 08/6 09/6 ’10/6E

211370 355

449 515 565482

619 655551 583

689540

744

58

123 97

104118

129136

143177

205 185135

89

52

81

100101

109

129122

135

141129

142 128

122

91

48

6251

7350

7865

91100

107 77105

80

65

104

118106

133121

143140

173152

173 194

250

205

102

214

0

500

1,000

1,500

2,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H

211370 355

449 515 565482

619 655551 583

689540

744

58

123 97

104118

129136

143177

205 185135

89

52

81

100101

109

129122

135

141129

142 128

122

91

48

6251

7350

7865

91100

107 77105

80

65

104

118106

133121

143140

173152

173 194

250

205

102

214

0

500

1,000

1,500

2,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H

Transition of Net Sales by Segment・Estimate


EstimateEstimate

【Unit:100 million Yen】　　　Other Business　　　Others(vacuum-related)　　　Component　　　Semiconductor Production Equipment　　　Display and Electronic Device Production　　　Equipment　　




Business segment and sub-segment changed from FY2009(June 2010).

VacuumEquipmentBusiness

VacuumApplicationBusiness



14.4

5.2

17.816.4 20.6

19.6

18.221.6

19.6

16.821.8

20.6 19.618.6

18.2

20.517.8

15.1 16.8

5.3

-2.1 -3.1

8.1

3.5

6.98.5

6.9

3.3

10.0 8.85.1

3.2 4.3 3.5

-0.2

-2.2-5

0

5

10

15

20

25

14.4

5.2

17.816.4 20.6

19.6

18.221.6

19.6

16.821.8

20.6 19.618.6

18.2

20.517.8

15.1 16.8

5.3

-2.1 -3.1

8.1

3.5

6.98.5

6.9

3.3

10.0 8.85.1

3.2 4.3 3.5

-0.2

-2.2-5

0

5

10

15

20

25

16.218.9 19.0

20.7 19.6 19.4 19.117.7 17.4

7.8 7.0 6.9

3.81.6 2.33.71.8

5.4

0

5

10

15

20

25

16.218.9 19.0

20.7 19.6 19.4 19.117.7 17.4

7.8 7.0 6.9

3.81.6 2.33.71.8

5.4

0

5

10

15

20

25

【Unit：％】

【Unit：％】

Outlook for profitability・EstimateHalf year basisHalf year basis

Full year basisFull year basisEstimateEstimate

EstimateEstimate

Gross profit marginGross profit margin

Operating profit marginOperating profit margin

Gross profit marginGross profit margin

Operating profit marginOperating profit margin


02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E

02/6 03/6 04/6 05/6 06/6 07/6　 08/6　 09/6 10/6E

Forecast for June 2010Earnings will improve in the latter half and recover in the full fiscal year.Factors improving earnings for the latter halfIncrease in sales due to recovery in orders received for LCDIncrease in profit due to increased sales of semiconductorsSharp increase in sales due to recovery of PV (solar cell)-related products shipped for Japan

Forecast for June 2010Earnings will improve in the latter half and recover in the full fiscal year.Factors improving earnings for the latter halfIncrease in sales due to recovery in orders received for LCDIncrease in profit due to increased sales of semiconductorsSharp increase in sales due to recovery of PV (solar cell)-related products shipped for Japan



122

57

141

1098075

6152464437

123

0

100

200

300

400

Depreciation ExpendituresBuilding etcR&D Equipment

122

57

141

1098075

6152464437

123

0

100

200

300

400

Depreciation ExpendituresBuilding etcR&D Equipment

321

172

9175111126

167

234

　　　 01/6 02/6 03/6 04/6 05/6 06/6 07/6　 08/6 09/6 Plan 1H　 Full Year

219196

10/6E

Transition of Capital Investments and Depreciation Expenditures・Estimate

EstimateEstimate【Unit:100 million Yen】

Total Capital Investment

【 Fractional portion of figures are rounded off to the nearest integer】

42

Full Year

190



37

8587838689

7165

5144 48

63

50

0

20

40

60

80

100

120

37

8587838689

7165

5144 48

63

50

0

20

40

60

80

100

120

　 00/6 01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 　　　　　1H Full Year　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　

‘10/6E

Plan

Transition of R&D Expenditures・Estimate

EstimateEstimate

【 Fractional portion of figures are rounded off to the nearest integer】


Full Year



1,361 1,349

583

843 867

1,096

810841828903 880

981

21.6%

42.8%

26.6% 28.6%

44.1%35.4%

26.5%26.4%

28.4% 29.1%30.7%

31.6%

0

200

400

600

800

1,000

1,200

1,400

0%

20%

40%

60%

80%

100%1,361 1,349

583

843 867

1,096

810841828903 880

981

21.6%

42.8%

26.6% 28.6%

44.1%35.4%

26.5%26.4%

28.4% 29.1%30.7%

31.6%

0

200

400

600

800

1,000

1,200

1,400

0%

20%

40%

60%

80%

100%

02/6 03/6 　04/6 05/6 06/6 07/6 08/6　 09/6 10/6 10/6E

-319

440

11

321

18986 109

-213-183-269 -259

-141-63

-186-127

-459

-257

61 466

254

-600

-400

-200

0

200

400

600

-319

440

11

321

18986 109

-213-183-269 -259

-141-63

-186-127

-459

-257

61 466

254

-600

-400

-200

0

200

400

600

FCFFCF

【 Fractional portion of figuresare rounded off to thenearest integer】



Cash flows from Cash flows from operating activitiesoperating activities

Cash flows from Cash flows from investing activitiesinvesting activities

EstimateEstimate

Liabilities with Liabilities with interestsinterests

ShareholdersShareholders’’equityequity

The degree of The degree of debt existingdebt existing

ShareholdersShareholders’’ equity ratio equity ratio

Cash Flow and Liabilities with Interests・Estimate

In order to Implement growth strategic investment,provided for the financing by public offering on Jan.7th,2010

(14.8 bill Yen)

In order to Implement growth strategic investment,provided for the financing by public offering on Jan.7th,2010

(14.8 bill Yen)

2Q



Performance Summary for the Fiscal YearPerformance Summary for the Fiscal YearEnding 2010/6 (1Ending 2010/6 (1ststHalf)Half)

Prospects for the Fiscal Year Ending 2010/6Prospects for the Fiscal Year Ending 2010/6

Business strategy




Funds procured by capital increase（Jan.2010） Approx. ¥14.7 billion（*）　　　Purpose：Expansion of PV business, Material business and the business in China　

Energy/Environment-related ¥8.2 billion・R&D of solar cell-related equipment (¥7.1 billion) ・R&D of environment-oriented vehicles and secondary

battery-related equipment (¥1.1 billion) 　　　　

Resource/Materials business-related¥4.1 billion ・Capital investment for the Kagoshima Plant（¥1.6 billion）

　　　（Target materials for PV and large-screen displays）・Research & development（New products, performance upgrade,

recycling method, etc.）（¥2.5 billion）

Investment in China ¥1.1 billion・China: Capital contribution to ULVAC (Suzhou) Co., Ltd. （¥500 million）（Funds for plant expansion to produce ＬED manufacturing equipment）

・Repayment of the loan for the funds to establish a R&D company（¥600 million）　（Improvement of the reliability, sales support, etc.,

of the LED production equipment produced in China）　　

Other ¥1.3 billion　　・Research and development of LED production equipment（¥800 million）　　・Repayment of loans（¥500 million）

Capital Increase（Purpose of Funds/Classification by Theme）

（*）General public offering; Approximate amount of issuing costs is discounted.

Improvement of power generation efficiency and reduction of thin film Solar cell in unit price per watt

Improvement of power generation efficiency and reduction of thin film Solar cell in unit price per watt

Synergy effect of materials and equipment as a perfect combination Synergy effect of materials and equipment as a perfect combination

Acceleration of the business in ChinaAcceleration of the business in China



Develop the tandem-type turnkey equipmentcapable of improving both power generation efficiency and generation costs by means of thin-film Si solar cells, and start selling them. Aim to further improve power generation efficiency.

Set up the Solar Cell Evaluation Center jointlywith TUV Rheinland.Not only the seamless equipment but also the certification and salesof parts are possible. Aim to expand the solar cell-related business.

Commercialize the charge system that combines the photovoltaic power generationequipment and the quick charger for electricvehicles (EV). Implement active sales expansion both inside and outside Japan.

Energy and environment

Solar Cell-related Development

Solar Cell Evaluation Center

CVD equipment for microcrystal silicon

Quick charge system set up at Chigasaki Head Office/Plant



Solar cells(Roof-top)

Power supply

LCD Monitor

Data control

Temperature indicator

Actinometer

Grid connection

Large size monitorNormal type AC100V/AC200VCharger

Distribution Panel100V/200V

ULVACEV-QUICK CHARGER

ULVAC

取扱い注意ご使用の際はカバーを空けた後、ケーブルをEV充電部に差し込み、固定されたことを確認した後、操作画面で操作してく

ださい。

ULVAC

取扱い注意ご使用の際はカバーを空けた

後、ケーブルをEV充電部に差し込み、固定されたことを確認

した後、操作画面で操作してください。

Data communication

Energy and environment

Quick charger

Power conditioner

Photovoltaic Power Generation＋EV Charge System Architecture



Surface TreatmentParts Cleaning

Capex Plan for Material Business

Customer

MineMine Primary　refining

PrimaryPrimary　　refiningrefining

Powdercompound

Forming

(Drying)

Sintering

Com

pound

・Oxide

・

Refractory m

etal

Pure Metal

・AlloyPurification

Ingot casting

Forging/Rolling

Heat Treatment

mechanical processing

Bonding

Quality Inspection

Used targetShield Plate

RecycleCollection/Recycle

Secondaryrefining

SecondarySecondaryrefiningrefining

residual dross

DepositionDepositionRecycled Recycled shield plateshield plate

Resource・Material Related business



Growth of the business in China（04/6→09/6）Promote business expansion（3 companies→15 companies）Sales increased（¥4.7 billion→¥21.2 billion）

Further expansionExpand the plant of ULVAC (SUZHOU)Co.,Ltd to increase production of LEDproduction equipment

Established ULVAC Research CenterSUZHOU Co.,Ltd o develop LED production equipment

Promote material business through ULVAC Materials Suzhou

Sales trend in China

Investment in China

Accelerate the Expansion in the Growing Chinese Market



Innovation beginsin a vacuum



Balance Sheet（Assets）【Unit:100million Yen】

【Figures included in the balance sheet are rounded off to the nearest unit and may not coincide with the total.】

09/6 1H 09/6 10/6 1H Changes

Current Assets 2,278 1,993 1,890 △ 103Fixed Assets 1,214 1,188 1,169 △ 18Property, plant andequipment 1,000 965 932 △ 34Intangible assets 37 38 45 6Investments 176 184 193 9Total assets 3,492 3,181 3,060 △ 121

Assets：Down 12.1 Bill YenCurrent Assets：Down 10.3Bill Yen　　

Notes and accounts receivable,tradeUp 3.2Bill Yen（Due to increase sales）

Inventories Down 12.0Bill Yen（Due to increase sales）

Fixed Assets：Down 1.8Bill Yen　Property, plant and equipment

Down 3.4Bill Yen（Due to depreciation）　　

AssetsAssets：：Down 12.1 Bill YenDown 12.1 Bill YenCurrent AssetsCurrent Assets：：Down 10.3Bill YenDown 10.3Bill Yen　　　　

Notes and accounts receivable,tradeNotes and accounts receivable,tradeUp 3.2Bill YenUp 3.2Bill Yen（（Due to increase salesDue to increase sales））

InventoriesInventories Down 12.0Bill YenDown 12.0Bill Yen（（Due to increase salesDue to increase sales））

Fixed AssetsFixed Assets：：Down 1.8Bill YenDown 1.8Bill Yen　　Property, plant and equipmentProperty, plant and equipment

Down 3.4Bill YenDown 3.4Bill Yen（（Due to depreciationDue to depreciation）　　）　　

AppendixAppendix



Balance Sheet(Liabilities and Net assets)【Unit:100million Yen】

【Figures included in the balance sheet are rounded off to the nearest unit and may not coincide with the total.】

09/6 1H 09/6 10/6 1H Changes(Liabilities)Current liabilities 2,013 1,518 1,435 △ 83Fixed liabilities 567 762 768 7Total liabilities 2,581 2,279 2,203 △ 76(Net assets)Total net assets 911 902 857 △ 45Total liabilities andnet assets 3,492 3,181 3,060 △ 121

Liabilities　：　Down 7.6Bill Yen　Notes and accounts payable,trade

Down 5.1Bill Yen（Due to decrease Orders）Short-term borrowing　　　　　　Down 4.6Bill Yen（Due to an decrease in

　　　　　　　working capital）　Net assets： Down 4.5Bill Yen

Net income 1.2 Bill Yen booked　Valuation/conversion difference,etc Down 0.7 Bill Yen

（Due to decreased by foreign exchange of subsidiaries ）Minority interests Down 1.3Billion Yen

LiabilitiesLiabilities　：　　：　Down 7.6Bill YenDown 7.6Bill Yen　　Notes and accounts payable,tradeNotes and accounts payable,trade

Down 5.1Bill YenDown 5.1Bill Yen（（Due to decrease OrdersDue to decrease Orders））ShortShort--term borrowingterm borrowing　　　　　　　　　　　　Down 4.6Bill YenDown 4.6Bill Yen（（Due to an decrease inDue to an decrease in

　　　　　　　　　　　　　　working capitalworking capital）　）　

Net assetsNet assets：： Down 4.5Bill YenDown 4.5Bill YenNet incomeNet income 1.2 Bill Yen booked1.2 Bill Yen booked　　Valuation/conversion difference,etcValuation/conversion difference,etc Down 0.7 Bill Yen Down 0.7 Bill Yen

（（Due to decreased by foreign exchange of subsidiaries Due to decreased by foreign exchange of subsidiaries ））Minority interestsMinority interests Down 1.3Billion YenDown 1.3Billion Yen

AppendixAppendix



（Suzhou ）

New Chiba Institute 　for Super materials

（Tomisato,Chiba）

Start construction in July 2009,Will start operation in Mar.2010

Main New Plants and New Bases（’10/6）AppendixAppendix

ChinaChina JapanJapan

New Customers 　Support Center

（Hashimoto,Wakayama）

Started operation inNov.2009

New plant constructionPlant expansionNew customers support base

ULVAC Materials Suzhou 　

Started construction in Oct. 2009,Will start operation in July 2010

Established ULVAC Research CenterSUZHOU Co.,Ltd　

ULVAC (SUZHOU)Co.,Ltd　Expansion Plant (Phase3)

Started construction in Jan.2010　Will start operation in Sept.2010

Established in Dec.2009　 Will start operation in Sept.2010



1,149

573

1,189931

791

991983

1,0791,122

1,2371,452 1,769

915

1,162

0

500

1,000

1,500

2,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE

1,149

573

1,189931

791

991983

1,0791,122

1,2371,452 1,769

915

1,162

0

500

1,000

1,500

2,000


Transition of Orders received・Estimate【Unit：100 million Yen】

01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6　 10/6E

EstimateEstimate

AppendixAppendix




922

1,4561,642

1,079

1,353

8071,2041,192

1,111874820695

1,160

1,710

0

500

1,000

1,500


922

1,4561,642

1,079

1,353

8071,2041,192

1,111874820695

1,160

1,710

0

500

1,000

1,500


Transition of Orders Backlogs・Estimate【Unit:100 million Yen】


EstimateEstimate

01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E

AppendixAppendix



711868 933

1,167 1,0811,157923

1,477

1,167

9581,036

1,2131,178

1,245

0

500

1,000

1,500

2,000


711868 933

1,167 1,0811,157923

1,477

1,167

9581,036

1,2131,178

1,245

0

500

1,000

1,500

2,000


01/6 02/6 03/6 04/6 05/6 06/6 07/6 08/6 09/6 10/6E

Transition of Net Sales・Estimate AppendixAppendix

EstimateEstimate【Unit：100 million Yen】




0

500

1,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0

500

1,000

1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE

Transition of Flat Panel Display and PV Production Equipment

SalesOrder Received

Next generation display

Next generation display

Current order outlook:For LCD,Capital spending restarted mainly South Korea,China and Taiwan.Growing inquiry for Organic LEDs and LTPSs(Low Temp. Poly Silicon)LCD equipment.Growing orders mainly Japanese Solar companies.Other nations in Asia may wait and see

Current order outlook:For LCD,Capital spending restarted mainly South Korea,China and Taiwan.Growing inquiry for Organic LEDs and LTPSs(Low Temp. Poly Silicon)LCD equipment.Growing orders mainly Japanese Solar companies.Other nations in Asia may wait and see

EstimateEstimate


Plasma displayPlasma display

Solar cellsSolar cells

LCDLCD

10/6E06/6 07/6 08/6 09/6 06/6 07/6 08/6 09/610/6E

EstimateEstimate

AppendixAppendix



1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0

100

200

300

1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0

100

200

300

1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE

Transition ofSemiconductor and Electronic Device Production Equipment

SalesOrder Received

SputteringequipmentSputteringequipment

EstimateEstimate


Current order outlookDue to miniaturization, growing order of DRAM and Flash memories in Taiwan and South Korea.

Growing inquiry for LED related in Japan ,South Korea,Taiwan,China.

Current order outlookDue to miniaturization, growing order of DRAM and Flash memories in Taiwan and South Korea.

Growing inquiry for LED related in Japan ,South Korea,Taiwan,China.

Etching equipment etc

Etching equipment etc

AppendixAppendix

10/6E06/6 07/6 08/6 09/6 06/6 07/6 08/6 09/6 10/6E

EstimateEstimate

Electronic　DeviceProduction　Equipment

Electronic　DeviceProduction　Equipment



1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0

100

200

300

1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0

100

200

300

1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE

Transition of Vacuum Application Businesses

SalesOrder Received

TargetmaterialsTarget

materials

Surfaceanalyzing

instruments/control unit

Surfaceanalyzing

instruments/control unit

EstimateEstimate


Coating business and

others

Coating business and

others

AppendixAppendix

EstimateEstimate

10/6E06/6 07/6 08/6 09/6 06/6 07/6 08/6 09/6 10/6ECurrent order outlook

For LCD related,improve operating rate with the sputtering target business recovering.South Korea ,Taiwan and China are expected.Growing orders of used machine business bound for China are expected.

Current order outlookFor LCD related,improve operating rate with the sputtering target business recovering.South Korea ,Taiwan and China are expected.Growing orders of used machine business bound for China are expected.



0%

20%

40%

60%

80%

100%

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE0%

20%

40%

60%

80%

100%

1H 2H 1H 2H 1H 2H 1H 2H 1H 2H 1H 2HE

Transition of generations of LCD production equipment

【Based on ULVAC’s sales】

05/6 06/6

Below G5（LTPS etc）

07/6 08/6

G5（G5、G5.5）

G6

Beyond G8（G8,G8.5 etc）

09/6

G7（G7、G7.5）

EstimateEstimate

AppendixAppendix

10/6E



160253

35

246

42

90

41

63

26

23

50

4955

56

0

500

1,000

160253

35

246

42

90

41

63

26

23

50

4955

56

0

500

1,000

412

281

133

1045099110

0

500

1,000

1,500

412

281

133

1045099110

0

500

1,000

1,500

634

7611171

257

0

500

1,000

1,500

634

7611171

257

0

500

1,000

1,500【Unit:100 million Yen】

　　　Other Business　　　Others(vacuum-related)　　　Component　　　Semiconductor Production　　　Equipment　　　Display and Electric

Device productionEquipment　　

　　　Other Business　　　Others(vacuum-related)　　　Component　　　Semiconductor Production　　　Equipment　　　Display and Electric

Device productionEquipment　　

　　　Other　　　Material 　　　Industrial Equipment　　　Component　　　Semiconductor &

Electric Device Production Equipment

　　　PV Production Equipment　　　FPD Production Equipment

　　　Other　　　Material 　　　Industrial Equipment　　　Component　　　Semiconductor &

Electric Device Production Equipment

　　　PV Production Equipment　　　FPD Production Equipment

Order received by Segment AppendixAppendix

Order % Order %892 78% 980 82%

FPD production equipment 412 35%PV production equipment 281 24%

SemiconductorProduction Equipment 76 7% Semiconductor and Electric

device Production Equipment 133 11%

Component 111 10% Component 104 9%Other 71 6% Industrial Equipment 50 4%

209 18%Materials 99 8%

Other 110 9%Total 1,149 100% Total 1,189 100%

Other Business 257 22%Vacuum Application Business

Vacuum Equipment BusinessDisplay and ElectricDevice Production

Equipment634 55%

Vacuum Related Business

09/6 1H 10/6 1HSegmant SegmentOrder % Order %

892 78% 980 82%FPD production equipment 412 35%PV production equipment 281 24%

SemiconductorProduction Equipment 76 7% Semiconductor and Electric

device Production Equipment 133 11%


209 18%Materials 99 8%

Other 110 9%Total 1,149 100% Total 1,189 100%

Other Business 257 22%Vacuum Application Business

Vacuum Equipment BusinessDisplay and ElectricDevice Production

Equipment634 55%


09/6 1H 10/6 1HSegmant Segment

（Note）1）Business segment and sub-segment changed from FY2009(June 2010).2）Figures indicated above are rounded off to the nearest unit and may not coincide with the total.

June 20101st H

June 20101Q 　　2Q

June 20091st H

Order ％ Order ％305 74% 675 87%160 39% 253 32%

35 9% 246 32%

42 10% 90 12%

41 10% 63 8%26 6% 23 3%

106 26% 104 13%50 12% 49 6%56 14% 55 7%

411 100% 779 100%

2Q１QOrder ％ Order ％

305 74% 675 87%160 39% 253 32%

35 9% 246 32%

42 10% 90 12%

41 10% 63 8%26 6% 23 3%

106 26% 104 13%50 12% 49 6%56 14% 55 7%

411 100% 779 100%

2Q１Q



157 189

23

140

28

71

23

61

19

28

49

5244

36

0

500

1,000

157 189

23

140

28

71

23

61

19

28

49

5244

36

0

500

1,000

347

163

99844810181

0

500

1,000

1,500

347

163

99844810181

0

500

1,000

1,500

540

8912280

250

0

500

1,000

1,500

540

8912280

250

0

500

1,000

1,500

（Note）1）Business segment and sub-segment changed from FY2009(June 2010).2）Figures indicated above are rounded off to the nearest unit and may not coincide with the total.


　　　Other Business　　　Others(vacuum-related)　　　Component　　　Semiconductor Production　　　Equipment　　　Display & Electronic　　　Device Production

Equipment　　

　　　Other Business　　　Others(vacuum-related)　　　Component　　　Semiconductor Production　　　Equipment　　　Display & Electronic　　　Device Production

Equipment　　

OtherMaterial Industrial EquipmentComponent

　　 Semiconductor & Electronic Device Production EquipmentPV Production EquipmentFPD Production Equipment

OtherMaterial Industrial EquipmentComponent

　　 Semiconductor & Electronic Device Production EquipmentPV Production EquipmentFPD Production Equipment

Net Sales by Segment AppendixAppendix

June 20101st H

June 20101Q 　　2QJune 2009

1st H

Sales % Sales %831 77% 741 80%

FPD productionequipment 347 38%

PV productionequipment 163 18%

SemiconductorProduction Equipment 89 8%

Semiconductor andElectronic device

Production Equipment99 11%


182 20%Materials 101 11%

Other 81 9%Total 1,081 100% Total 923 100%

Other Business 250 23%Vacuum Application

Vacuum Equipment Business

Display and ElectronicDevice Production

Equipment540 50%


09/6 1H 10/6 1HSegmant SegmentSales % Sales %

831 77% 741 80%FPD production

equipment 347 38%PV production

equipment 163 18%

SemiconductorProduction Equipment 89 8%

Semiconductor andElectronic device

Production Equipment99 11%


182 20%Materials 101 11%

Other 81 9%Total 1,081 100% Total 923 100%

Other Business 250 23%Vacuum Application

Vacuum Equipment Business

Display and ElectronicDevice Production

Equipment540 50%


09/6 1H 10/6 1HSegmant Segment Sales ％ Sales ％

251 75% 490 83%

157 47% 189 32%

23 7% 140 24%

28 8% 71 12%

23 7% 61 10%19 6% 28 5%

85 25% 97 17%49 14% 52 9%36 11% 44 8%

336 100% 586 100%

１Q 2QSales ％ Sales ％251 75% 490 83%

157 47% 189 32%

23 7% 140 24%

28 8% 71 12%

23 7% 61 10%19 6% 28 5%

85 25% 97 17%49 14% 52 9%36 11% 44 8%

336 100% 586 100%

１Q 2Q



OtherAsia4%

Europe&N.America

3%

Japan45%

China19%

Taiwan13%

Korea16%

OtherAsia2%

Europe&N.America

3%

China6%

Korea17%

Japan43%

Taiwan29%

Transition of Net Sales Percentage by Geographical Area

1,081332460

184316464

09/6 1H

1,167381147

182182707

08/6 1H

9232634

176149123415

10/6 1H

TotalEurope&N.America

Other AsiaChinaKoreaTaiwanJapanRegion

08/6 1H 09/6 1H


　【Figures are rounded off to the nearest unit, and rates are rounded off to the nearest unit　 afterbeing determined in millions of yen】

Japan60%

Taiwan16%

Korea16%

China4%

OtherAsia1%

Europe&N.America

3%

　　10/6 1H

AppendixAppendix

Europe&N.America

3%



0

5,000

10,000

15,000

20,000

25,000

30,000

93 94 95 96 97 98 99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11-60%

-40%

-20%

0%

20%

40%

60%

80%

0

5,000

10,000

15,000

20,000

25,000

30,000

93 94 95 96 97 98 99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11-60%

-40%

-20%

0%

20%

40%

60%

80%

Reference dataReference data

Outlook of Semiconductor and FPD production equipment＜Sales projections of production equipment made in Japan＞

FPD production equipmentFPD production equipmentFPD production equipment

Semiconductor production equipmentSemiconductor production equipment Estimate

(Sales: Sales of Japanese manufacturers (including overseas bases) in Japan and abroad)

Grow

th rate from the preceding year

Sales


【Source: Jan 2010 SEAJ】



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