sign in sign up
<<
Home , Mamiya

FY2010FY2010 ResultsResults MeetingMeeting FY2010 : Year ended March 31, 2011

May 31, 2011 Ryosan Company, Limited

Code : 8140 / Stock listings: Tokyo Stock Exchange (First Section) URL : http://www.ryosan.co.jp/eng/ Damages caused to the company by Eastern Japan Earthquake, and current situation with countermeasures

1. Human losses ⇒There have been no human losses among the employees of our company or their families.

2. Impact on business infrastructure (1) Tokyo Headquarters area ⇒Emergency task force headed by Naoto Mimatsu, President was established on 3/11. Meetings to devise countermeasures were held from 8:00 every day. Promoted unified management of information regarding the company issues, suppliers, and customers, and made sure the directions regarding the same are thorough. (2) Situation with physical distribution ⇒Our company's distribution center base in East Japan is located in Kawasaki, but it was not affected by the earthquake in any way and is conducting operations as always. (3) Business bases 1. Sendai Sales Branch: ⇒ Lifeline stopped after the earthquake. Resumed operations at a temporary office (Tokyo) from 3/24. Started conducting operations as always at the Sendai Sales Branch from 4/21. 2. Iwaki Sales Branch: ⇒ Lifeline stopped after the earthquake. Resumed operations at a temporary office (Tokyo) from 3/17.

An Electronics Systems Coordinator 1 Measures regarding power saving, and reconstruction assistance 1. Measures regarding power saving (target set at about 15% reduction) (1) Measures conducted on the whole company basis ⇒across-the-board nonworking days on 8/15, 16. ⇒Cool biz enforced starting from 6/1. (2) Measures conducted at offices, such as in the headquarters area and the business bases ⇒air-conditioning set at 28 degrees, 1/3 of the lighting limited, restrictions enforced on hot-water supply devices, etc.

2. Reconstruction assistance (1) Contributions ⇒contributed 10 million yen to the Japanese Red Cross Society. ⇒3 million yen contributed respectively to each of the municipalities of Sendai, Iwaki, and Hitachinaka, reaching the total of 9 million yen. (2) Other ⇒Supporting suppliers and customers as requested. *Measures (1) - (2) listed above were are performed by 3/31.

An Electronics Systems Coordinator 2 Overview of Consolidated results

Unit: ¥ 100 million

FY2008 FY2009 FY2010

Of Total Of Total % Chg. YoY 1H 2H Of Total % Chg. YoY

% % %%% Net sales 2,208 1,943 (12.0) 1,065 1,096 2,161 ＋11.2

Gross margin 196 8.9 168 8.7 (14.0) 99 90 190 8.8 ＋12.8

SG&A expenses 134 6.1 120 6.2 (10.3) 64 65 129 6.0 ＋7.2

Operating income 61 2.8 47 2.5 (22.1) 35 25 60 2.8 ＋27.0

Ordinary income 72 3.3 53 2.7 (26.9) 39 29 68 3.2 ＋29.6

Net income 39 1.8 28 1.5 (26.8) 25 15 41 1.9 ＋44.0

Earnings per share ¥111.83 ¥83.21 (¥28.62) ¥73.74 ¥46.11 ¥119.85 ＋¥36.64

An Electronics Systems Coordinator 3 Segment Information by Business Type

Unit: ¥ 100 million

FY2008 FY2009 FY2010 OP OP OP % Chg. YoY % Chg. YoY Margin Margin Margin % %% % % Sales 1,169 1,015 (13.2) 1,237 ＋21.9 Semiconductors Operating 4.2 3.3(31.9) 3.7 ＋37.8 income 48 33 45 Electronic Sales 759 604 (20.4) 600 (0.7) Operating Components 3.7 3.8 (17.9) 3.7 (3.1) income 28 23 22 Electronic Sales 213 276 ＋29.7 258 (6.5) Operating Equipment 2.1 2.8 ＋74.1 3.5 ＋17.4 income 47 9 Ryosan Products Sales 67 47 (29.7) 64 ＋37.2 Operating (Heat sinks) 7.7 8.4 (22.5) 7.5 ＋22.0 income 53 4

Unallocable Operating expenses ▲25 - ▲20 - - ▲21 - - %%%%% Sales 2,208 1,943 (12.0) 2,161 ＋11.2 Consolidated Operating 2.8 2.5(22.1) 2.8 ＋27.0 income 61 47 60

An Electronics Systems Coordinator 4 Consolidated results Trend

(¥100 million) 3,500 Net sales 3,262 3,106 Gross Profit margin SG&A expenses margin 3,000 2,860 Operating income margin

2,500 Ratio of 2,208 sales (%) 1,943 2,161 8.9 8.7 8.8 10.0 2,000 8.7 8.8 8.2 9.0 8.0 6.2 1,500 6.1 6.0 7.0 5.5 4.9 5.0 6.0 1,000 5.0 4.0 3.0 500 3.3 3.2 3.8 2.8 2.8 2.0 2.5

0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010

An Electronics Systems Coordinator 5 Trends in Consolidated Financial Position

(¥100 million) Total assets Net assets to total assets 2,000 1,831 1,832 Net assets Net assets per share (yen) 1,740 1,615 1,634 1,489 78.1% 1,500 72.5% 72.0% 68.3% 64.1% 65.6% 1,173 1,203 1,189 1,164 1,172 1,177

1,000

3,398 3,413 3,376 3,348 500 3,296 3,216

0 End of FY 2005 End of FY 2006 End of FY 2007 End of FY 2008 End of FY 2009 End of FY 2010 An Electronics Systems Coordinator 6 Trend in net income and dividend per share

(yen) 200 Net income per share 187 178 Dividend per share 174 Consolidated dividend payout ratio

150 71.5% 72.1% 66.8% 119 111

100 45.8% 39.2% 42.7% 80 80 80 83 80 70 60

50

0 FY2005 FY2006FY2007 FY2008 FY2009 FY2010 An Electronics Systems Coordinator 7 Trends in Net Income, Total Amount of Dividends, and Acquisition 【Reference】 of Treasury Stock Net Income (¥100 million) Total Amount of Dividends 85% 70 39% Acquisition of Treasury Stock 46% Concept of an overall distribution ratio 84% 57% 60 57 128% 50 50 47 67% 59% 28 40 22 33 67 88% 65 72% 33 58 11 63 30 25 57 21 41 20 13 37 39 28 10 29 28 28 25 27 27 21 20 10 11 11 14 @¥30 @¥30 @¥40 @¥60 @¥70 @¥80 @¥80 @¥80 @¥60 @¥80 0 FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 《Trends in Acquisition of Treasury Stock》

FY2001 FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 Total

Amount (\ 100 million) 13.2 10.1 33.1 11.3 - - 28.8 22.5 - - 119.0

Number of stocks (10,000 shares) 92.4 89.5 200.1 48.3 - - 100.0 100.0 - - 630.3

An Electronics Systems Coordinator 8 Semiconductors Sales Breakdown (By Product)

Unit: ¥ 100 million

FY2008 FY2009 FY2010

Of Total Of Total % Chg. YoYOf Total % Chg. YoY

% %% % % Memories 102 8.7 131 12.9 ＋28.4 137 11.1 ＋4.6 (Microcomputer) 273 23.4 269 26.5 (1.5) 334 27.0 ＋24.2 System LSIs (ASIC / ASSP) 458 39.2 348 34.3 (24.0) 442 35.7 ＋27.0 731 62.5 617 60.8 (15.6) 776 62.7 ＋25.8 (PMD) * 148 12.7 124 12.2 (16.2) 166 13.4 ＋33.9 (Compound 108 9.2 94 9.3 (13.0) 104 8.4 ＋10.6 Discrete Semiconductor Devices) (Others) 79 6.8 48 4.7 (39.2) 52 4.2 ＋8.3 336 28.7 267 26.3 (20.5) 323 26.1 ＋21.0 Total 1,169 1,015 (13.2) 1,237 ＋21.9 * PMD: Power Management Device

An Electronics Systems Coordinator 9 Semiconductors Sales Breakdown (By Product)

Semiconductors Sales 《 》 Breakdown Result for fiscal 2010 (As compared with the last fiscal year)

(¥ 100million) 1,237 1,169 137 [Memories] While sales of DRAMs for cell Memories 102 phones as well as related products decreased, ＋29 1,015 ＋6 DRAMs for semiconductor test equipment as 131 well as related products increased.

System 776 [System LSIs] Sales of system LSIs for car audios and flat LSIs 731 TVs as well as related products increased. (114) ＋159 617 [Discrete] Although driver ICs for LCDs as well as related products decreased, PMD for digital as well as related products increased.

Discrete 336 323 (69) 267 ＋56

FY08 FY09 FY10

An Electronics Systems Coordinator 10 Electronic Components Sales Breakdown (By product)

Unit: ¥ 100 million FY2008 FY2009 FY2010 % Chg. YoY % Chg. YoY % % Display Devices 193 137 (29.0) 167 ＋21.9 Power Supplies 107 58 (45.8) 54 (6.9) Mechanical Components 459 409 (10.9) 378 (7.6) Total 759 604 (20.4) 600 (0.7)

Electronic Components 《Results for fiscal 2010 (As compared with the last fiscal year ) 》 Sales Breakdown (¥ 100million) 759 [Display Devices] Sales of liquid crystal displays for digital cameras and Display printers as well as related products increased. Devices 193 604 600 (56) [Power Supplies] Although there was an increase in sales of electric power Power 137 Supplies 107 ＋30 167 supplies for semiconductor test equipment as well as (49) 58 related products, sales of rechargeable batteries for digital (4) 54 cameras as well as related products decreased.

Mechanical (50) Components 459 409 [Mechanical Components] Although sales of mechanical parts for (31) 378 in-vehicle electrical components as well as related products increased, sales of electromechanical components for game FY08 FY09 FY10 consoles as well as related products decreased.

An Electronics Systems Coordinator 11 Electronic Equipment Sales Breakdown (By product)

Unit: ¥ 100 million FY2008 FY2009 FY2010 % Chg. YoY % Chg. YoY % % System Equipment 152 241 ＋58.6 213 (11.6) Facilities Equipment 61 35 (42.6) 44 ＋25.7 Total 213 276 ＋29.7 258 (6.5)

Electronic Equipment 《Results for fiscal 2010 (As compared with the last fiscal year ) 》 Sales Breakdown

(¥ 100million) 276 [System Equipment] Sales of system devices for multifunction color 258 printers as well as related products decreased. 213 [Facilities Equipment] Sales of liquid crystal repair equipment products System Equipment 241 as well as related products decreased, but ＋89 (28) 213 152 sales of sputtering equipments as well as related products increased.

Facilities Equipment 61 (26) 35 ＋9 44 FY 08 FY 09 FY 10

An Electronics Systems Coordinator 12 Ryosan Products Sales Breakdown (By area)

Unit: ¥ 100 million FY2008 FY2009 FY2010 % Chg. YoY % Chg. YoY % % Domestic 49 36 (26.5) 46 ＋27.8 Overseas 18 11 (38.9) 17 ＋54.5 Total 67 47 (29.7) 64 ＋37.2

Ryosan Products Sales 《Results for fiscal 2010 (As compared with the last fiscal year ) 》 Breakdown

(¥ 100million) 67 [Domestic] Sales of heat sinks for FA equipment and major 64 home appliances as well as related products

47 Domestic increased. 49 (13) 46 ＋10 36 [Overseas] Sales of heat sinks for flat TVs as well as related

Overseas products increased. 18 ＋ 17 (7) 11 6 FY08 FY09 FY10

An Electronics Systems Coordinator 13 Overseas Sales Breakdown

Unit: ¥ 100 million FY2008 FY2009 FY2010

Of Total Of Total % Chg. YoY Of Total % Chg. YoY

% % % % % Consolidated 2,208 － 1,943 － (12.0) 2,161 － ＋11.2 net sales

Japan 1,368 62.0 1,282 66.0 (6.3) 1,423 65.8 ＋11.0

Overseas 840 38.0 661 34.0 (21.3) 738 34.2 ＋11.6

(Chinese Bloc) 466 21.1 369 19.0 (20.8) 440 20.4 ＋19.2

An Electronics Systems Coordinator 14 Key Clients

《Top 40》 《Top 5 (by business)》 Electronic Top 1-10 Top 11-20 Top 21-30 Top 31-40 Semiconductor Equipment

ADVANTEST Calsonic Kansei ALPINE ALPS Electric Hyundai Motor Group (K) HITACHI COMPUTER Fuji Xerox PIONEER TDK JRC DENSO Fuji Film SHARP Furuno Electric Clients KENWOOD HITACHI Mamiya-OP (alphabetical JVC Panasonic Electric ( Top 5 ) ( Top 5 ) order) Mitsubishi Electric Sumitomo Electric Works 39% 65% NEC Industries Electric Electronic SAMSUNG Group Ryosan Product Panasonic (K) TEC Components TAKATA PIONEER Sumitomo Wiring YASKAWA Electric Systems TDK Calsonic Kansei DENSO SHARP YAZAKI meter Mitsubishi Electric FANUC YAMAHA TOSHIBA NEC HITACHI NINTENDO Mitsubishi Electric (Top 10) Panasonic Panasonic (Top 20) (Top 30) Percentage 44% (Top 40) Sales of all 60% 68% clients 72% ( Top 5 ) ( Top 5 ) 29% 39%

* Rank and percentage share are based on results for FY2010. (alphabetical order) * K: Customer in Korea * The blue characters represent the clients for which our sales increased by over 30% from the previous year. An Electronics Systems Coordinator 15 Main suppliers

Other CASIO suppliers COMPUTER 21.9% 2.0% COSEL 40.3% 2.1% NEC LCD Technologies 2.7% Percentage share NEC TOKIN ( By business ) Ryosan 2.8% Electronic products Equipment (3%) (12%) Japan Aviation Electronics Industry Alps NEC 3.0% Semiconductors Electric 8.3% Electronic (57%) 7.5% Components (28%) 4.7% NXP Semiconductors 4.7% * Percentage share is based on sales of supplier’s products for fiscal 2010. An Electronics Systems Coordinator 16 Earnings forecast for the 2011 fiscal year

Since the impact of the damage to our company group by the Eastern Japan Earthquake cannot be assessed at present, it is too early to make any accurate assumptions regarding the earnings forecast for the 2011 fiscal year.

We shall carefully observe the future trends and make a timely official announcement as soon as possible.

An Electronics Systems Coordinator 17