sumco (3436) results for the third quarter of...

Results forResults for Third Quarter of FY2017Q

(Ended September 30, 2017)

November 9 2017November 9, 2017

SUMCO Corporation

（Code：3436）

1SUMCO CORPORATION

（Code：3436）

Notes Regarding the Forecasts

This material is prepared for the purpose of continuous disclosure toThis material is prepared for the purpose of continuous disclosure to general shareholders and investors and will not constitute an offer or solicitation of securities of the Company in any states or jurisdictions.

The estimate, expectation, forecast and other future information is prepared based on the information which is available for the Company as of today and on certain assumptions and qualificationsCompany as of today and on certain assumptions and qualifications(which includes our subjective judgment) and the actual financial performance or result may be substantially different from such future i f ti t i d i th t i l d t i k f t i l diinformation contained in the material due to risk factors including domestic and global economic conditions, trend of semiconductor market and foreign exchanges.a e a d o e g e c a ges

2SUMCO CORPORATION

Contents

■ S d M k t E i t■ Summary and Market Environment

■ 3Q-2017 Consolidated Business Result 1. Summary of Consolidated Business Result2. Analysis of Changes in Operating Income3 C lid t d B l Sh t3. Consolidated Balance Sheet4. Consolidated Cash-Flow

■ FY2017 Consolidated Business Forecast1. Consolidated Business Forecast2 Analysis of Changes in Operating Income2. Analysis of Changes in Operating Income

■ Reference Materials

3SUMCO CORPORATION

Summary and Market Environment

4SUMCO CORPORATION

1-1. Summary

■ 3Q-2017 Consolidated Business Result(Billions of Yen)

3Q-2017 FCST(3 months)

3Q-2017 ACT(3 months)

Change

■ 3Q-2017 Consolidated Business Result

Net Sales 66.0 66.5 +0.5 Operating Income 10.5 11.4 +0.9 Ordinary Income 9.5 10.5 +1.0 Net Income (Note) 6.5 7.0 +0.5 Exchange Rate (Yen/US$) 110.0 110.9 +0.9

(Billions of Yen)

3Q-2017 4Q-2017Change

■ 4Q-2017 Consolidated Business Forecast

Actual ForecastChange

Net Sales 66.5 68.0 +1.5 Operating Income 11.4 12.0 +0.6 gOrdinary Income 10.5 11.0 +0.5 Net Income (Note) 7.0 8.0 +1.0 Exchange Rate (Yen/US$) 110.9 112.0 +1.1g ( $) 110.9 112.0 1.1

5SUMCO CORPORATION

(Note) Net income attributable to owners of the parent

1-2. Dividend

FY2013 FY2014 FY2015 FY2016 FY2017FY2013(Dec 13)(11 months)

FY2014(Dec 14)

FY2015(Dec 15)

FY2016(Dec 16)

FY2017(Dec 17)

( )

Interim - - 10.0 5.0 10.0

Year end 1 0 4 0 10 0 5 0 16 0Dividends per sharefor common stocks

(FCST)Year-end 1.0 4.0 10.0 5.0 16.0

Total 1.0 4.0 20.0 10.0 26.0

for common stocks(Yen) (FCST)

Interim - - 2.9 1.4 2.9

Year-end 0 2 1 0 2 9 1 4 4.6Dividends payment

(Billi f Y )

(FCST)

Year end 0.2 1.0 2.9 1.4 4.6

Total 0.2 1.0 5.8 2.9 7.6 (Billions of Yen)

(FCST)

(N t ) (FCST)

Dividend ratio (%) - 6.8% 28.5% 44.5% 31.0%　　　　　　(Note) Dividend ratio in FY2013 is not described due to net loss per share for common stocks.

(Note) (FCST)

6SUMCO CORPORATION

2-1. Market Environment■ 3Q-2017■ 3Q 2017 Volume Strong demand for all diameters; allocation continued

Customer concerns about wafer procurement grew further Price Recovery continued for both 300mm and 200mmy

■ 4Q-2017 Outlook Volume All diameters will be unaffected by customer seasonal adjustments, allocation to continue

Customer inventories will continue to decline%300mm volume will be reduced by around 5% due to periodic maintenance

Price Recovery by more than 20% YoY for 300mmSmall price recovery factored in for 200mm

UPDATE■ UPDATE 300mm Further price recovery of around 20% seen in 2018 (40%+ recovery in 4Q18 over 4Q16)

Additional price recovery expected in 2019Ratio of long term contracts to increase furtherRatio of long-term contracts to increase further

200mm While customers are raising their production capacity, wafer supply increase is limited due to extreme difficulty of procuring equipment and high price for additional capacityCustomer wafer procurement risk is even stronger than for 300mmCustomer wafer procurement risk is even stronger than for 300mmThere are fears the tight supply-demand situation may continue well into the futureMany customers strongly desire long-term contracts of three years or more to ensure adequate volume

SUMCO CORPORATION

Significant price recovery is expected for each product with contracts from the next year

7

2-2. 300mm Wafer Trend Forecast

(K wafers/Month)

6,0002017

2016

(K wafers/Month)

5,5002016

2015

20145,000

2014

2013

2012

4,500

2012

4,000

3,5001Q 2Q 3Q 4Q

8SUMCO CORPORATION

(Source： SUMCO estimation)

1Q 2Q 3Q 4Q

2-3. Customer 300mm Wafer Inventory LevelTurnover days(Index)Volume(Index) Turnover days(Index)( )

Input volume Purchase volume Customer Inventory Turnover days

'16/1 2 3 4 5 6 7 8 9 10 11 12 '17/1 2 3 4 5 6 7 8 9

9SUMCO CORPORATION


'16/1 2 3 4 5 6 7 8 9 10 11 12 '17/1 2 3 4 5 6 7 8 9

2-4. 200mm Wafer Trend Forecast(K wafers/Month)

6,0002017

2016

( )

5,5002016

2015

20145,000

2014

2013

2012

4,500

2012

4,000

3,5001Q 2Q 3Q 4Q

10SUMCO CORPORATION


3-1. Forecast 300mm Wafer Demand Although customer demand forecast is strong, SUMCO will gradually boost production in line with demand forecast

based on PPP-GDP, aimed at maintaining current worldwide share Capture leading-edge wafer demand for high-end applications (→Raise proportion of leading-edge products)

8 000(K wafers/Month)

8,000Demand Forecast based on PPP-GDP

Customer Demand Forecast

CAGR(2017→2022)： 4.3%

CAGR(2017→2022)： 9.7% (excl. some Chinese customers)

Actual

7,000

SUMCO Forecast

+1,020

6,000

+380

5,00016/1H 2H 17/1H 2H 18/1H 2H 19/1H 2H 20/1H 2H

11SUMCO CORPORATION


16/1H 2H 17/1H 2H 18/1H 2H 19/1H 2H 20/1H 2H

3-2. Gigabytes/wafer estimates for 300mm wafers for NAND Assumptions: Volume of 300mm wafers for NAND estimated by SUMCO, Gigabytes (GB) estimated referring to

(Gigabytes/wafer)

research company dataActual & forecast (blue) line is lower than 90% yield line (green) for 3D-NAND, and current wafer consumption

assumed to be larger3D-NAND Ratio (wafer volume)

25,000

afer

(Gigabytes/wafer)2017 2018 2019 2020

~30% 57% 74% 85%

Gap in 2020 :App 400 k wafers/month

15 000

20,000

0mm wa

Gigabytes/wafer (assumed 3D-NAND yield: 90%)

App. 400 k wafers/month

10,000

15,000

B per 30

5,000

NAND GB

Gi b t / f t l & f t

Current Gap :100-200 k wafers/month

0

/1Q2Q3Q4Q

/1Q2Q3Q4Q

/1Q2Q3Q4Q

/1Q2Q3Q4Q

/1Q2Q3Q4Q

018

019

020

N Gigabytes/wafer actual & forecast

13/

14/

15/

16/

17/ 202020

12SUMCO CORPORATION (Source： SUMCO estimation)

3-3. Forecast 300mm Customer Demand by Device Additional demand for memory could arise from new customers in China S f ?

(K wafers/Mionth) (K wafers/Mionth)

Short-term demand for NAND likely to see consumption increase due to low 3D-NAND yield? Possible decline in demand as 3D-NAND yield improves Keep the policy of gradual capacity increase by monitoring the demand trend

3D NAND i ld8,000 (K wafers/Mionth)

8,000 (K wafers/Mionth)

3D-NAND yield up,Wafer demand decreaseMemory Demand of New Customers in China

Demand Forecast based on PPP-GDP

▲

▼

6,000 3D-NAND

6,000 3D-NAND

Demand Forecast based on PPP-GDP

4,000 2D-NAND

DRAM4,000

2D-NAND

DRAM

2,000 Logic 2,000 Logic

0

Others

0

Others

0 2016 2017 2018 2019 2020

0 2016 2017 2018 2019 2020

13SUMCO CORPORATION(Source： SUMCO estimation)

2016 2017 2018 2019 2020 16-20 TotalRegion Customer Location Fab Device

DesignRule

Planned Capacity 　　　　　　 (K wfr/Month)* Start yr→ Planned Capa.

3-4. Expansion Plans of 300mm Customers (Update)

Sony Kumamoto, Nagasaki, Oita CIS/Logic －Gradual Expansion

40 40Taichung Fab15 P5,6,7 10-7nmTainan Fab14 P8/9 5nm

UMC Tainan Fab2A P7/8 28-14nm 50 50Hwaseong Line17 P2Pyeongtaek Line18

170 170

Samsung 165 165

Kor

ea, T

aiwan TSMC

Logic

Pyeongtaek Line18Icheon M14

Cheongju －

Yokkaichi Y6 －－Iwate －－－

Taichung Fab C Winbond

DRAM

g

3D-NAND － SK Hynix 120 120

Toshiba

2Xnm50 50

Japa

n, S

. Ko

Tainan －

　Total Planned Capacity in Japan, S. Korea, Taiwan

UMC Xiamen Fab12X 55-40nm 50 50 TSMC Nanjing － 28-16nm 20 20 Nexchip Hefei － 90-65nm JV with Powerchip and Hefei City → 40 40

Winbond NOR/NAND 3Xnm50 50

595

filia

ted

ers

Logic

＋α

Global Foundries Chengdu － 22nm 20 20 Intel Dalian Fab68 Convert from Logic and Capacity up　→ 70 70 SK Hynix Wuxi － 60 60 Samsung Xi'an Fab2 100 100　Total Planned Capacity of Foreign-affiliated Customers in ChinaC

hina 　

Fore

ign-

aff

Cus

tom

e

3D-NAND

360Beijing B2-B, B3 28-14nm 70 70

Shanghai SN1 14nm 70 70Shenzhen － 90-65nm 40 40

Shanghai Huali Shanghai Fab2 28-20nm 20 20 XMC Wuhan － Logic,CIS,Flash >40nm -

T t l Pl d C it f F i ffili t d C t i Chi

Exis

ting

Cus

tom

ers SMIC

Logic

200　Total Planned Capacity of Foreign-affiliated Customers in China Total Planned Capacity in Japan, S. Koria, Taiwan and Foreign-affiliated & Existing Customers in China

Yangtze Riv. Storage Wuhan － 3D-NAND - 200-300 200-300 Innotron Hefei － 19nm 60 60 JHICC Quanzhou － 25-20nm 60 60

T t l Pl d C it f N C t i Chi

2001,155

Chi

na

New

Cus

tom

ers

DRAM

320 420

＋αYangtze River Storage Tech.under Tsinghua UnigroupPlanning Max.1000

　Total Planned Capacity of New Customers in China

Total Planned New and Expanded Capacity W.W. 1,475320

＋α

～420

14SUMCO CORPORATION (Source： SUMCO estimation based on companies announcements)

3-5. Forecast 200mm Wafer Demand for Smartphone Increase in silicon area mainly for power management ICs (0.25→0.45 SqIn)

1,200 0.6（Square Inches/unit）（K Wafers/Month）

y g ( )

800 0.4

4000.2 400 0.2

0 02013 2014 2015 2016 2017 2018 2019 2020

15SUMCO CORPORATION

(Source： SUMCO estimation based on research reports)

(K wafers/Month)

3-6. Forecast 200mm Wafer Demand for Automotive

2,000 (K wafers/Month)

1,500

1,000

500500

0 2016 2017 2018 2019 2020

300mm 200mm 150mm

16SUMCO CORPORATION


3-7. Forecast 200mm Wafer Demand (Update) Unable to expand capacity due to difficulty of procuring equipment

(K wafers/Month)

y y g Supply shortage to continue Will give priority to customers in long-term relationships with whom joint R&D is possible

6,000Global Capacity (SUMCO estimation)

Global Capacity (SUMCO estimation)5,320

5,550 5,660 5,740

4,000 Smartphone

Others4,600

2,040

1,820

1,5701,200

1,100

Industrial

1,960

570

670

790

1 330

920

1,4201,550

2,000

Automotive

570

920

1,170

1 610

1,330

1 760 1 890

02016 2017 2018 2019 2020

Automotive1,150 1,440 1,610 1,760 1,890

2016 2017 2018 2019 2020

17SUMCO CORPORATION


3Q-2017Consolidated Business ResultConsolidated Business Result

18SUMCO CORPORATION

4-1. Summary of Consolidated Business Result(Billions of Yen)

3Q-2016 3Q-2017 Actual Change

Actual 1Q 2Q 3Q Total

(9 months) ACT ACT ACT

Net sales 155.4 60.1 63.8 66.5 190.4 +35.0

Operating income 8.5 8.0 9.3 11.4 28.7 +20.2

Non-operating income and expenses (2.9) (2.5) (1.1) (0.9) (4.5) (1.6)

Ordinary income 5.6 5.5 8.2 10.5 24.2 +18.6

Extraordinary income and expenses - - - - - -

Income taxes (2.2) (1.9) (2.2) (3.5) (7.6) (5.4)Income taxes (2.2) (1.9) (2.2) (3.5) (7.6) (5.4)Net income attributable to owners of the parent 3.4 3.6 6.0 7.0 16.6 +13.2

Capital expenditure (Acceptance basis) 13.2 2.7 2.1 5.4 10.2 (3.0)

Depreciation 15 9 5 5 5 7 5 8 17 0 +1 1Depreciation 15.9 5.5 5.7 5.8 17.0 +1.1

EBITDA 25.7 13.9 15.4 17.7 47.0 +21.3

Exchange rate (Yen/US$) 110.7 114.2 111.5 110.9 112.1 +1.4

O i i (%) % 13 4% 14 % 1 3% 1 1% 9 6%

(Note)

Operating margin (%) 5.5% 13.4% 14.5% 17.3% 15.1% +9.6%EBITDA margin (%) 16.5% 23.2% 24.0% 26.7% 24.7% +8.2%ROE (%) 2.2% 6.8% 11.1% 12.4% 10.1% +7.9%Net income per share (Yen) 11.67 12.32 20.53 23.82 56.68 +45.01

19SUMCO CORPORATION

(Note) EBITDA = Operating Income + Depreciation + Amortization of Goodwill

p ( )

4-2. Analysis of Changes in Operating Income■ 3Q-2016 ACT (9 months) → 3Q-2017 ACT (9 months)

(Billions of Yen)



Change

Net Sales 155 4 190 4 +35 0

( ) ( )

Net Sales 155.4 190.4 +35.0 Operating Income 8.5 28.7 +20.2 Exchange Rate (Yen/US$) 110.7 112.1 +1.4

+0.4(0.3)

¥20.2 billionIncrease

【Analysis of Changes in Operating Income】

28.7 +25.5Exchange

rate(Inc NT$)

Kumamotoearthquake

8.5 (4.3)(1.1)

Sales-relatedvariance and

others3Q-2017 OP

Actual

Depreciation3Q-2016 OPActual

Cost

(9 months)(9 months)

20SUMCO CORPORATION

(Billions of Yen)

4-3. Analysis of Changes in Operating Income■ 2Q-2017 Actual → 3Q-2017 Actual (Billions of Yen)

2Q-2017Actual

3Q-2017Actual

Change

Net Sales 63 8 66 5 +2 7Net Sales 63.8 66.5 +2.7 Operating Income 9.3 11.4 +2.1 Exchange Rate (Yen/US$) 111.5 110.9 (0.6)

+3 2(0.1)

¥2.1 billionIncrease

【Analysis of Changes in Operating Income】

9.3 11.4

+3.2(0.9) (0.1)

DepreciationSales-relatedvariance and

others

Exchange rate(Inc NT$)

Cost

3Q-2017 OPActual

2Q-2017 OPActual ActualActual

21SUMCO CORPORATION

4-4. Consolidated Balance Sheet(Billions of Yen)

End ofDec-2016

End ofSep-2017

Change

Cash and time deposits 45.5 65.3 +19.8 Fi i h d d d WIPFinished products and WIP 26.9 28.4 +1.5 Raw materials and supplies 151.4 150.4 (1.0)Tangible and intangible assets 164.0 156.7 (7.3)Deferred income tax assets 5 8 5 2 (0 6)Deferred income tax assets 5.8 5.2 (0.6)Other assets 99.6 107.5 +7.9

Total Assets 493.2 513.5 +20.3 Debt and borrowings 177 0 175 6 (1 4)Debt and borrowings 177.0 175.6 (1.4)Other liabilities 73.4 71.5 (1.9)

Liabilities 250.4 247.1 (3.3)Capital stock 138.7 138.7 - pCapital surplus 23.3 26.9 +3.6 Retained earnings 50.6 62.9 +12.3 Others 30.2 37.9 +7.7

Equity 242.8 266.4 +23.6 Shareholders' equity ratio 42.5% 44.5% +2.0%Equity per share (Yen) 715.5 779.1 +63.6 D/E ratio (gross) 0 8x 0 8x 0 0x

22SUMCO CORPORATION

D/E ratio (gross) 0.8x 0.8x 0.0xD/E ratio (net) 0.6x 0.5x (0.1)x

4-5. Consolidated Cash-Flow

(Billions of Yen)

3Q-2017(9 months)

Income before income taxes 24.2 Depreciation 17.0

Subtotal 41 2

(9 months)

Subtotal 41.2 Decrease in inventories 1.7 Changes in working capital, etc. (12.1)

Net cash provided by operating activities 30 8Net cash provided by operating activities 30.8 Capital expenditure (Acceptance basis) (10.2)Others, net 1.3

N t h d i i ti ti iti (8 9)Net cash used in investing activities (8.9)Free cash-flow 21.9

23SUMCO CORPORATION

FY2017Consolidated Business ForecastConsolidated Business Forecast

24SUMCO CORPORATION

5-1. FY2017 Consolidated Business Forecast(Billions of Yen)

FY2016 FY2017 Forecast ChangeActual 1Q 2Q 3Q 4Q Total

ACT ACT ACT FCSTNet sales 211.3 60.1 63.8 66.5 68.0 258.4 +47.1

Operating income 14.0 8.0 9.3 11.4 12.0 40.7 +26.7

Non-operating income and expenses (4.1) (2.5) (1.1) (0.9) (1.0) (5.5) (1.4)

Ordinary income 9.9 5.5 8.2 10.5 11.0 35.2 +25.3

Extraordinary income and expenses - - - - - - -

Income taxes (3.4) (1.9) (2.2) (3.5) (3.0) (10.6) (7.2)( ) ( ) ( ) ( ) ( ) ( ) ( )

Net income attributable to owners of the parent 6.5 3.6 6.0 7.0 8.0 24.6 +18.1

Capital expenditure (Acceptance basis) 16.5 2.7 2.1 5.4 11.5 21.7 +5.2

Depreciation 22.0 5.5 5.7 5.8 6.0 23.0 +1.0Depreciation 22.0 5.5 5.7 5.8 6.0 23.0 1.0

EBITDA 37.6 13.9 15.4 17.7 18.5 65.5 +27.9

Exchange rate (Yen/US$) 109.5 114.2 111.5 110.9 112.0 112.1 +2.6

Operating margin (%) 6 6% 13 4% 14 5% 17 3% 17 6% 15 8% +9 2%

(Note)

Operating margin (%) 6.6% 13.4% 14.5% 17.3% 17.6% 15.8% +9.2%EBITDA margin (%) 17.8% 23.2% 24.0% 26.7% 27.2% 25.3% +7.5%ROE (%) 3.1% 6.8% 11.1% 12.4% 13.7% 11.0% +7.9%Net income per share (Yen) 22.46 12.32 20.53 23.82 27.21 83.88 +61.42

25SUMCO CORPORATION

(Note) EBITDA = Operating Income + Depreciation + Amortization of Goodwill

(Billions of Yen)

5-2. Analysis of Changes in Operating Income■ FY2016 Actual → FY2017 Forecast

(Billions of Yen)

FY2016Actual

FY2017Forecast

Change

Net Sales 211 3 258 4 +47 1Net Sales 211.3 258.4 +47.1 Operating Income 14.0 40.7 +26.7 Exchange Rate (Yen/US$) 109.5 112.1 +2.6

+0.4 +0.4

【Analysis of Changes in Operating Income】 ¥26.7 billion Increase

40.7 +34.4

Exchange rate

(Inc NT$)

Kumamotoearthquake

14.0 (7.5)

(1.0)

FY2017 OPDepreciation

FY2016 OPCost Sales-related

FY2017 OPForecast

pFY2016 OP

Actualvariance and

others

26SUMCO CORPORATION

(Billi f Y )

5-3. Analysis of Changes in Operating Income■ 3Q-2017 Actual → 4Q-2017 Forecast

(Billions of Yen)

3Q-2017Actual

4Q-2017Forecast

Change

N t S l 66 5 68 0 +1 5Net Sales 66.5 68.0 +1.5 Operating Income 11.4 12.0 +0.6 Exchange Rate (Yen/US$) 110.9 112.0 +1.1

0 2

【Analysis of Changes in Operating Income】¥0.6 billion Increase

11 4 12 0

+0.9 +0.2(0.3) (0.2)Depreciation Sales-related

variance and others

Exchange rate(Inc NT$)Cost

11.4 12.0

4Q-2017 OPForecast

3Q-2017 OPActual

27SUMCO CORPORATION

Reference MaterialsReference Materials

28SUMCO CORPORATION

Reference Materials: Quarterly Trend

(Operating Income) (Net Sales)※U it Billi f Y

58 1 58 4 60.462.6

58 9 60.163.8

66.5 68.0 7520 Operating Income

Net Sales

(Operating Income) (Net Sales)※Unit: Billions of Yen

11 412.0

54.0

46.7

50 9

58.1 58.4

57.9

58.954.9

51.7 51.5 52.255.9

50

15

7.7 7.6 7 2

8.89.5

7 28.0

9.3

11.446.6

37.8

50.9

10

4.1 3.7

2 3

5.0

7.2

5.8

7.2

3.9 3.62 5 2 4

5.5 25

5

2.3 2.5 2.4

00 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY2013 FY2014 FY2015 FY2016 FY2017

(Note) Due to change of fiscal year-end period of 4Q-FY2013 is as follows

FCST

29SUMCO CORPORATION

(Note) Due to change of fiscal year end, period of 4Q FY2013 is as follows.- Domestic companies: 2 months; Overseas companies: 3 months

Reference Materials: EBITDA(Billions of Yen) EBITDA EBITDA Margin %

25.2%

21.6%23.6%24.5%

22.3%21 3%

23.2% 26.7%

27.2%

25

30(Billions of Yen) EBITDA EBITDA Margin %

17.7 18.5

21.4% 20.9%

18.1%19.9%

21.5%19.8%

18.4%

17.4%

16.0%

16 2%

21.3%24.0%

20

25

13.7 12.5 12.6

11.5

14.2 15.4

13.1 11.9

13.9 15.4

16.2%

15

9.9 9.7

6.8

10.1 10.1 9.0

8.2 8.5

5

10

0

5

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

FY2013 FY2014 FY2015 FY2016 FY2017(Notes) 1. Due to change of fiscal year-end, period of 4Q-FY2013 is as follows.

D ti i 2 th O i 3 th

FCST

30SUMCO CORPORATION

- Domestic companies: 2 months; Overseas companies: 3 months2. EBITDA = Operating Income + Depreciation + Amortization of goodwill

Reference Materials: Sales Results

■ Changes in Sales ■ Sales by Region■ Changes in Sales ■ Sales by Region

63 866.570

Asia North America Europe, etc. Japan(Billions of Yen)

100%

Asia North America Europe, etc. Japan

51.7 51.5 52.255.9

60.163.8

6080%

90%

100%

27 6 28 0 27.329.9

34.135.7

37.6

40

50 53% 54% 52% 53% 56% 56% 57%

60%

70%

6 7 7 9 7 68.4 8.4

27.6 28.0 27.3

30

8%

14% 12% 13% 14% 13% 13% 12%40%

50%

12 4 13 2 14 3 13 7 13 7 14 8 15 7

4.5 4.1 3.9 4.4 4.7 4.9 4.87.2 6.2 6.7 7.9 7.6

10

20

24% 26% 27% 25% 23% 23% 24%

9% 8% 8%8% 8% 8% 7%

10%

20%

30%

12.4 13.2 14.3 13.7 13.7 14.8 15.7

01Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

24% 23% 23% 24%

0%

10%

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

31SUMCO CORPORATION

FY2016 FY2017 FY2016 FY2017

URL http://www.sumcosi.com/

32SUMCO CORPORATION

sumco (3436) results for the third quarter of...

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