SCREEN Holdings Co., Ltd.
July 29, 2020
CONSOLIDATED FINANCIAL REPORT
FOR THE FIRST QUARTER ENDED JUNE 30, 2020 [Japanese GAAP]
SCREEN Holdings Co., Ltd. is listed on the First Section of the Tokyo Stock Exchange with the securities code number 7735. (URL https://www.screen.co.jp/en)
Representative: | Toshio Hiroe, President, Member of the Board and CEO |
For further information contact: | Akihiko Miyagawa, Corporate Officer and General Manager of Finance & Accounting Department |
Tel: +81-75-414-7155 |
Date planned for the filing of the quarterly report: August 13, 2020
Date of payment for cash dividends:-
Figures have been rounded down to eliminate amounts less than one million yen, except per share figures.
PERFORMANCE FOR THE FIRST QUARTER ENDED JUNE 30, 2020 (APR. 1, 2020-JUN. 30, 2020)
(1) Business Results | (Millions of yen, except per share figures) | |||||
(Percentage are the rate of increase or decrease from the previous corresponding period) | ||||||
Net Sales | Percentage | Operating | Percentage | Ordinary | Percentage | |
Change | Income | Change | Income | Change | ||
Three months ended | ¥ 66,880 | 14.9% | ¥ 1,859 | -% | ¥ 1,988 | -% |
Jun. 30, 2020 | ||||||
Three months ended | 58,230 | -19.7 | (4,428) | - | (4,285) | - |
Jun. 30, 2019 | ||||||
Note: Comprehensive income | ||||||
Three months ended June. 30, 2020: ¥ 5,989 million ( - %) | ||||||
Three months ended June. 30, 2019: ¥ (4,794) million ( - %) | ||||||
Profit | Basic Earnings | Diluted | ||||
Attributable to | Percentage | |||||
per Share | Earnings per | |||||
Owners of | Change | |||||
(Yen) | Share (Yen) | |||||
Parent | ||||||
Three months ended | ¥ 1,998 | -% | ¥ 42.82 | ¥ 40.53 | ||
Jun. 30, 2020 | ||||||
Three months ended | (2,918) | - | (62.55) | - | ||
Jun. 30, 2019 | ||||||
(2) Financial Position | ||||||
Total Assets | Net Assets | Equity Ratio | ||||
(%) | ||||||
Jun. 30, 2020 | ¥ 387,059 | ¥ 178,728 | 46.1% | |||
Mar. 31, 2020 | 347,964 | 174,142 | 50.0 |
Reference: Equity
As of Jun. 30, 2020: ¥ 178,541 million
As of Mar. 31, 2020: ¥ 173,941 million
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SCREEN Holdings Co., Ltd.
CASH DIVIDENDS
(Yen) | ||||||
Cash Dividends per Share | ||||||
Record date | First | Second | Third | Year-end | Annual | |
Quarter-endQuarter-endQuarter-end | ||||||
Fiscal year ended | ¥ - | ¥ - | ¥ - | ¥ 30.00 | ¥ 30.00 | |
Mar. 31, 2020 | ||||||
Fiscal year ending | - | |||||
Mar. 31, 2021 | ||||||
Fiscal year ending | ||||||
Mar. 31, 2021 | - | - | 60.00 | 60.00 | ||
(Forecast) | ||||||
Note: Revision of the latest forecast of cash dividends: Yes
FORECAST OF BUSINESS RESULTS FOR THE FISCAL YEAR ENDING MARCH 31, 2021
(Millions of yen, except per share figures) (Percentage are the rate of increase or decrease from the previous corresponding period.)
Net Sales | Percentage Change | Operating Income | Percentage Change | |||
Six months period ending | ¥ 141,000 | -4.9% | ¥ 3,500 | 1.8% | ||
Sept. 30, 2020 | ||||||
Fiscal year ending | 316,000 | -2.2 | 18,000 | 43.3 | ||
Mar. 31, 2021 | ||||||
Percentage | Profit Attributable | Percentage | Basic Earnings per | |||
Ordinary Income | to Owners of | |||||
Change | Change | Share (Yen) | ||||
Parent | ||||||
Six months period ending | ¥ 3,000 | -12.1% | ¥ 2,500 | 4.9% | ¥ 53.57 | |
Sept. 30, 2020 | ||||||
Fiscal year ending | 15,000 | 28.9 | 11,000 | 119.5 | 235.70 | |
Mar. 31, 2021 | ||||||
Note: Revision of the latest business forecast: Yes
[Notes]
(1) Changes in significant consolidated subsidiaries (Changes in specified subsidiaries involving changes in scope of consolidation): No
New Company: Not applicable | Exclusion: Not applicable |
- Application of accounting methods specific to the preparation of quarterly consolidated financial statements: Yes
Please refer to P.12 [Notes for quarterly consolidated financial statements - (Application of accounting methods specific to the preparation of quarterly consolidated financial statements)] for more information. - Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies accompanied by revision of accounting standard etc.: No
- Changes in accounting policies other than 1: No
- Changes in accounting estimates: No
- Retrospective restatement: No
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(4) Number of shares outstanding | |||
1. | Number of shares outstanding as of end of period (including treasury stock) | ||
As of Jun. 30, 2020: 50,794,866 shares | As of Mar. 31, 2020: 50,794,866 shares | ||
2. | Number of treasury stock as of end of period | ||
As of Jun. 30, 2020: 4,125,805 shares | As of Mar. 31, 2020: 4,125,447 shares | ||
3. | Average number of shares outstanding | ||
Three months ended Jun. 30, 2020: 46,669,213 shares | Three months ended Jun. 30, 2019: 46,659,648 shares |
*This quarterly earnings report is exempt from the quarterly review procedure by certified public accountants or audit firm.
*Explanation for appropriate use of forecasts and other notes
- In Consolidated Financial Report for the Fiscal Year ended March 31, 2020, previously announced on May 12, 2020, the consolidated business forecast for the fiscal year ending March 31, 2021 was undetermined due to difficulty in reasonably estimating the impact of the COVID-19. However, we make an announce as it becomes possible to make a sales forecast for the fiscal year ending March 31, 2021, based on the current status of orders and the market conditions.
- The forward-looking statements such as operational forecasts contained in this document are based on the information currently available to SCREEN Holdings and certain assumptions that are regarded as legitimate. SCREEN Holdings does not promise that the forecasts or estimates will be accurate. Large discrepancies may be seen in the actual results due to various factors. Please refer to P.5 "3. Qualitative information regarding consolidated business results forecasts" for the assumptions used and other notes.
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SCREEN Holdings Co., Ltd.
[Qualitative Information, Financial Statements]
1. Qualitative information regarding the status of consolidated business results
During the first quarter of the fiscal year ending March 31, 2021 (the three-month period from April 1, 2020 to June 30, 2020), the global economy rapidly deteriorated due to the far-reaching restrictions on economic activities put in place to combat the COVID- 19 pandemic. In addition, due to the incremental reopening of economies and each country's own economic measures, signs of a partial recovery are emerging, but the outlook remains unclear. In Japan, as well, although the economy is beginning to bottom out due to incremental increases in social and economic activities, the situation remains severe due in part to stagnant individual consumption and bearish capital investment.
With regard to the business conditions surrounding the SCREEN Group, in the semiconductor industry, although demand for smartphones was sluggish, capital investment by foundries and logic chip makers remained steady due mainly to increasing demand for 5G, AI, and IoT technologies. In the FPD business field, investment was weak in large-sized LCD panels and small- to medium-sized displays for OLEDs amid stagnant demand for panels.
Under these circumstances, for the first quarter of the fiscal year ending March 31, 2021, the SCREEN Group posted
consolidated net sales of ¥66,880 million, an increase of ¥8,649 million (14.9%) from the previous fiscal year. On the earnings front, as the result of an increase in net sales, an improvement in profitability, and fixed cost reductions, operating income totaled ¥1,859 million (compared with operating loss of ¥4,428 million in the corresponding period of the previous fiscal year). Ordinary income amounted to ¥1,988 million, (compared with ordinary loss of ¥4,285 million in the corresponding period of the previous fiscal year), and quarterly profit attributable to owners of parent totaled ¥1,998 million (compared with quarterly loss attributable to owners of parent of ¥2,918 million in the corresponding period of the previous fiscal year).
Performance by reportable segment is explained below.
The Semiconductor Production Equipment (SPE) Business
In the SPE business, sales to foundries expanded year on year, despite a decrease in sales to logic chip makers. By region, sales to North America declined, but those to Japan, China and Taiwan rose. As a result, net sales in this segment amounted to ¥52,687 million, up 27.9% year on year. On the earnings front, operating income in this segment came to ¥4,276 million (compared with operating loss of ¥40 million in the corresponding period of the previous fiscal year), mainly reflecting the increase in sales and fixed cost reductions.
The Graphic Arts Equipment (GA) Business
In the GA business, although sales of ink and other after-sales services were firm, sales of computer to plate (CTP) equipment and print on demand (POD) equipment decreased. As a result, net sales in this segment amounted to ¥7,927 million, down 19.3% year on year. On the earnings front, operating loss in this segment came to ¥396 million (compared with operating loss of ¥224 million in the corresponding period of the previous fiscal year), mainly reflecting the decrease in net sales.
The Display Production Equipment and Coater (FT) Business
In the FT business, although sales of production equipment for small- and medium-sized OLEDs increased, sales of production equipment for large-sized decreased year on year. As a result, net sales in this segment amounted to ¥3,668 million, down 23.8% year on year. On the earnings front, although profitability improved from the corresponding period of the previous fiscal year, operating loss in this segment came to ¥1,519 million (compared with operating loss of ¥3,562 million in the corresponding period of the previous fiscal year).
The PCB-Related Equipment (PE) Business
In the PE business, due in part to an increase in sales of direct imaging equipment, net sales in this segment amounted to ¥2,364 million, up 11.4% year on year. On the earnings front, operating income in this segment came to ¥123 million (compared with operating loss of ¥48 million in the corresponding period of the previous fiscal year), mainly reflecting the increase in net sales.
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SCREEN Holdings Co., Ltd.
2. Qualitative information regarding changes in consolidated financial position
Total assets as of June 30, 2020 stood at ¥387,059 million, an increase of ¥39,095 million, or 11.2%, compared with March 31, 2020. This was largely due to an increase in cash and time deposits, inventories, and investment securities due to a rise in the market value of stock held.
Total liabilities amounted to ¥208,331 million, up ¥34,509 million, or 19.9%, compared with the end of the previous fiscal year. This was mainly attributable to an increase in short-term loans payable, despite a decrease in notes and accounts payable including electronically recorded obligations.
Total net assets amounted to ¥178,728 million, up ¥4,585 million, or 2.6%, from March 31, 2020. This was mainly attributable to an increase in valuation difference on available-for-sale securities due to a rise in the market value of stock held and the recording of quarterly profit attributable to owners of parent, despite payment of cash dividends.
As a result, the equity ratio as of June 30, 2020 stood at 46.1%.
Status of Cash Flows
The status of cash flows for the first quarter of the fiscal year ending March 31, 2021 is as follows.
Net cash used in operating activities amounted to ¥1,148 million, compared with ¥2,493 million provided by operating activities in the first quarter of the previous fiscal year. This was because the sum of an increase in inventories, a decrease in notes and accounts payable including electronically recorded obligations, income taxes paid, and other outflows exceeded an increase in other current liabilities, depreciation and amortization, income before income taxes, and other inflows.
Net cash used in investing activities amounted to ¥760 million, compared with ¥ 5,243 million used in investing activities in the first quarter of previous fiscal year. This was largely attributable to the renewal of plant facilities and the purchase of equipment for R&D.
Net cash provided by financing activities amounted to ¥30,820 million, compared with ¥ 7,537 million provided by financing activities in the first quarter of the previous fiscal year. This was mainly due to an increase in short-term loans payable, despite cash dividends paid.
As a result, cash and cash equivalents as of June 30, 2020, totaled ¥64,446 million, up ¥28,926 million from March 31, 2020.
3. Qualitative information regarding consolidated business results forecasts
Based on the current status of orders, customer investment trends and the status of delivery and installation of equipment, the consolidated business forecast for the fiscal year ending March 31, 2021 is expected to be as follows. In addition, based on the business forecast for the fiscal year ending March 31, 2021, SCREEN Holdings anticipates a fiscal year-end cash dividend of ¥60 per share. For details, please refer to today's "Notice: Business Forecast and Cash Dividend Forecast for the Fiscal Year Ending March 31, 2021."
Business forecast
Fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021)
(Millions of yen) | |||
The first half ending Sept. 30, 2020 | Fiscal year ending Mar. 31, 2021 | ||
Net Sales | ¥ 316,000 | ||
¥ 141,000 | |||
SPE | 106,000 | 231,500 | |
GA | 16,000 | 37,500 | |
FT | 13,500 | 34,500 | |
PE | 4,500 | 10,500 | |
Other and Adjustments | 1,000 | 2,000 | |
Operating Income | 3,500 | 18,000 | |
Ordinary Income | 3,000 | 15,000 | |
Profit Attributable to Owners of Parent | 2,500 | 11,000 |
The SCREEN Group has just formulated the medium-term management plan, Value Up 2023, which starts from the fiscal year ending March 31, 2021 to the fiscal year ending March 31, 2024. Under the new medium-term management plan, Value Up 2023, we will further enhance our earnings structure and financial base by strengthening internal management of capital efficiency.
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While enhancing SCREEN Value (corporate value), which comprises the Sustainable Value (social value) and the economic value, we will continue working to sustainably generate profit, return profit to shareholders, and take other measures. In addition, in a proactive effort aimed at reaching the next level of growth, we will continue pursuing various options to achieve growth, such as resource allocation, open innovation, mergers, and acquisitions. For details, please refer to today's "Notice: SCREEN Formulates the Medium-Term Management Plan, Value Up 2023."
Note: The aforementioned forecasts are based on foreign currency exchange rate estimates of US$1.00 = ¥105 and EUR1.00 = ¥115. Business forecasts are also made in accordance with currently available information and rational assumptions. However, it should be noted that actual results could differ significantly due to a variety of factors.
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SCREEN Holdings Co., Ltd. | ||||
CONSOLIDATED BALANCE SHEETS | ||||
(Millions of yen) | ||||
Mar. 31, | Jun. 30, | |||
2020 | 2020 | |||
ASSETS | ||||
Current assets: | ||||
Cash and time deposits | ¥ 37,770 | ¥ 66,027 | ||
Notes and accounts receivable - trade | 72,703 | 72,638 | ||
Electronically recorded monetary claims - operating | 10,054 | 11,848 | ||
Merchandise and finished goods | 54,243 | 57,115 | ||
Work in process | 36,468 | 37,448 | ||
Raw materials and supplies | 15,548 | 15,647 | ||
Other | 12,455 | 13,352 | ||
Allowance for doubtful accounts | (701) | (702) | ||
Total current assets | 238,543 | 273,376 | ||
Non-current assets: | ||||
Property, plant and equipment: | ||||
Buildings and structures | 59,999 | 60,010 | ||
Machinery, equipment and vehicles | 50,233 | 52,875 | ||
Other | 38,746 | 36,806 | ||
Accumulated depreciation | (88,085) | (89,491) | ||
Total property, plant and equipment | 60,893 | 60,201 | ||
Intangible assets: | ||||
Other | 6,167 | 5,843 | ||
Total intangible assets | 6,167 | 5,843 | ||
Investments and other assets: | ||||
Investment securities | 30,586 | 35,874 | ||
Net defined benefit asset | 4,366 | 4,683 | ||
Deferred tax assets | 4,980 | 4,638 | ||
Other | 2,555 | 2,571 | ||
Allowance for doubtful accounts | (129) | (129) | ||
Total investments and other assets | 42,359 | 47,638 | ||
Total non-current assets | 109,421 | 113,683 | ||
Total assets | 347,964 | 387,059 |
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SCREEN Holdings Co., Ltd. | ||||
CONSOLIDATED BALANCE SHEETS | ||||
(Millions of yen) | ||||
Mar. 31, | June. 30, | |||
2020 | 2020 | |||
LIABILITIES | ||||
Current liabilities: | ||||
Notes and accounts payable - trade | ¥ 25,061 | ¥ 20,557 | ||
Electronically recorded obligations - operating | 41,333 | 43,013 | ||
Short-term loans payable | 30,000 | 62,500 | ||
Current portion of long-term loans payable | 3,614 | 3,614 | ||
Lease obligations | 1,210 | 1,269 | ||
Income taxes payable | 2,227 | 1,875 | ||
Notes payable-facilities | 4 | 53 | ||
Electronically recorded obligations - facilities | 8 | 4 | ||
Advances received | 10,117 | 14,013 | ||
Provision for bonuses | 1,201 | 231 | ||
Provision for directors' bonuses | 123 | 33 | ||
Provision for product warranties | 6,787 | 6,638 | ||
Provision for loss on order received | 311 | 1,004 | ||
Other | 14,878 | 15,620 | ||
Total current liabilities | 136,878 | 170,430 | ||
Non-current liabilities: | ||||
Convertible bond-type bonds with share acquisition rights | 30,095 | 30,088 | ||
Long-term loans payable | 109 | 109 | ||
Lease obligations | 2,272 | 2,919 | ||
Net defined benefit liability | 1,015 | 1,042 | ||
Provision for directors' retirement benefits | 181 | 189 | ||
Provision for stock payment | 43 | 15 | ||
Provision for management board incentive plan trust | 42 | 7 | ||
Asset retirement obligations | 65 | 65 | ||
Other | 3,116 | 3,464 | ||
Total non-current liabilities | 36,943 | 37,901 | ||
Total liabilities | 173,822 | 208,331 | ||
NET ASSETS | ||||
Shareholders' equity: | ||||
Capital stock | 54,044 | 54,044 | ||
Capital surplus | 4,488 | 4,488 | ||
Retained earnings | 130,908 | 131,503 | ||
Treasury stock | (17,961) | (17,963) | ||
Total shareholders' equity | 171,479 | 172,073 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 10,841 | 14,613 | ||
Foreign currency translation adjustment | (7,134) | (6,979) | ||
Remeasurements of defined benefit plans | (1,244) | (1,166) | ||
Total accumulated other comprehensive income | 2,462 | 6,467 | ||
Non-controlling interests | 200 | 186 | ||
Total net assets | 174,142 | 178,728 | ||
Total liabilities and net assets | 347,964 | 387,059 |
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SCREEN Holdings Co., Ltd. | |||
CONSOLIDATED STATEMENTS OF INCOME | |||
(Millions of yen) | |||
Apr.1, 2019- Jun.30, 2019 | Apr.1, 2020- Jun.30, 2020 | ||
Net sales | ¥ 58,230 | ¥ 66,880 | |
Cost of sales | 47,121 | 50,144 | |
Gross profit | 11,109 | 16,735 | |
Selling, general and administrative expenses | 15,538 | 14,876 | |
Operating income (loss) | (4,428) | 1,859 | |
Non-operating income | |||
Interest income | 19 | 17 | |
Dividends income | 307 | 272 | |
Subsidy income | 48 | 199 | |
Other | 208 | 178 | |
Total non-operating income | 584 | 668 | |
Non-operating expenses | |||
Interest expenses | 137 | 150 | |
Foreign exchange losses, net | 115 | 134 | |
Share of loss of entities accounted for using equity method | 33 | 54 | |
Other | 153 | 199 | |
Total non-operating expenses | 441 | 539 | |
Ordinary income (loss) | (4,285) | 1,988 | |
Extraordinary loss | |||
Loss on valuation of investment securities | 14 | 9 | |
Total extraordinary loss | 14 | 9 | |
Income (loss) before income taxes | (4,299) | 1,979 | |
Income taxes | (1,374) | (5) | |
Profit (loss) | (2,924) | 1,984 | |
Loss attributable to non-controlling interests | (6) | (14) | |
Profit (loss) attributable to owners of parent | (2,918) | 1,998 |
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SCREEN Holdings Co., Ltd.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Millions of yen)
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans
Share of other comprehensive income of entities accounted for using equity method
Apr.1, 2019- Jun.30, 2019 | Apr.1, 2020- Jun.30, 2020 |
¥ (2,924) | ¥ 1,984 |
(830) | 3,772 |
(1,120) | 156 |
92 | 78 |
(10) | (1) |
Total other comprehensive income | (1,869) | 4,005 | |
Comprehensive income | (4,794) | 5,989 | |
Comprehensive income attributable to: | |||
Owners of parent | (4,788) | 6,004 | |
Non-controlling interests | (5) | (14) |
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SCREEN Holdings Co., Ltd. | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
(Millions of yen) | |||
Apr.1, 2019- Jun. 30, 2019 | Apr.1, 2020- Jun. 30, 2020 | ||
Cash flow from operating activities: | |||
Income (loss) before income taxes | ¥ (4,299) | ¥ 1,979 | |
Depreciation and amortization | 2,149 | 2,370 | |
Loss (gain) on valuation of investment securities | 14 | 9 | |
Gain on sales of non-current assets | (0) | (3) | |
Loss on retirement of non-current assets | 5 | 23 | |
Share of loss (profit) of entities accounted for using equity method | 33 | 54 | |
Increase (decrease) in net defined benefit asset and liability | 68 | (199) | |
Increase (decrease) in provision for bonuses | (2,519) | (969) | |
Increase (decrease) in provision for directors' bonuses | (123) | (90) | |
Increase (decrease) in provision for stock payment | (7) | (28) | |
Increase (decrease) in provision for management board incentive plan trust | (10) | (34) | |
Increase (decrease) in provision for product warranties | (398) | (153) | |
Increase (decrease) in provision for loss on order received | 735 | 692 | |
Interest and dividend income | (327) | (290) | |
Interest expenses | 137 | 150 | |
Decrease (increase) in notes and accounts receivable | 26,396 | (1,549) | |
including electronically recorded monetary claims | |||
Decrease (increase) in inventories | (10,993) | (3,839) | |
Decrease (increase) in other current assets | 1,069 | 558 | |
Increase (decrease) in notes and accounts payable | (10,253) | (2,804) | |
including electronically recorded obligations | |||
Increase (decrease) in other current liabilities | 6,100 | 5,347 | |
Other, net | 379 | 31 | |
Subtotal | 8,159 | 1,253 | |
Interest and dividend income received | 320 | 287 | |
Interest expenses paid | (139) | (136) | |
Contribution in connection with the shift to | (1) | (1) | |
a defined-contribution pension plan | |||
Income taxes paid | (5,844) | (2,551) | |
Net cash provided by (used in) operating activities | 2,493 | (1,148) |
Cash flow from investing activities: Decrease (increase) in time deposits Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment Purchase of intangible assets
Purchase of investment securities Other, net
Net cash provided by (used in) investing activities
Cash flow from financing activities:
Net increase (decrease) in short-term loans payable Repayments of lease obligations
Proceeds from share issuance to non-controlling shareholders Net decrease (increase) in treasury stock
Cash dividends paid
Net cash provided by (used in) financing activities
Effect of exchange rate changes on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
(332) | 699 |
(4,624) | (1,332) |
60 | 10 |
(228) | (94) |
(37) | (13) |
(80) | (28) |
(5,243) | (760) |
12,000 | 32,500 |
(306) | (317) |
210 | - |
(0) | (1) |
(4,365) | (1,360) |
7,537 | 30,820 |
(465) | 16 |
4,322 | 28,926 |
30,922 | 35,519 |
35,244 | 64,446 |
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SCREEN Holdings Co., Ltd.
[Notes for quarterly consolidated financial statements]
(Note for going concern assumption) Not Applicable
(Note for significant changes in the amount of shareholders' equity) Not Applicable
(Application of accounting methods specific to the preparation of quarterly consolidated financial statements)
Calculation of income taxes
Income tax amount is calculated principally by multiplying reasonably estimated annual effective tax rate through the first quarter ended June 30, 2020, with the effects of deferred taxes reflected, by the amount of year-to-date income before income taxes. When calculation using reasonably estimated annual effective tax rate causes irrational results, income tax amount is calculated based on the legal tax rate.
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SCREEN Holdings Co., Ltd.
SEGMENT INFORMATION
[Segment Information]
- First quarter ended Jun. 30, 2019
Net sales and income (loss) in reportable segment
(Millions of yen) | ||||||||||
Reportable segment *1 | ||||||||||
Other | Total | Adjustments | Consolidated | |||||||
SPE | GA | FT | PE | Total | *2 | *3 | *4 | |||
Sales | ||||||||||
(1) Sales to outside | ¥ 41,208 | ¥ 9,813 | ¥ 4,815 | ¥ 2,122 | ¥ 57,959 | ¥ 271 | ¥ 58,230 | ¥ - | ¥ 58,230 | |
customers | ||||||||||
(2) Intersegment sales | 0 | 8 | - | - | 9 | 3,024 | 3,033 | (3,033) | - | |
and transfers | ||||||||||
Total | 41,208 | 9,821 | 4,815 | 2,122 | 57,968 | 3,295 | 61,264 | (3,033) | 58,230 | |
Segment loss | (40) | (224) | (3,562) | (48) | (3,876) | (480) | (4,357) | (71) | (4,428) | |
Notes:
*1. The SPE segment develops and manufactures semiconductor production equipment and conducts sales and maintenance services. In the GA segment, graphic arts equipment is developed, manufactured, sold and maintained. The FT segment develops, manufactures and markets display production equipment and coater equipment, and it also conducts maintenance services. In the PE segment, PC related equipment is developed, manufactured, sold and maintained.
*2. The "Other" category incorporates operations not included in reportable segments, including development, manufacturing and sales of equipment in the life science business and inspection system for in-vehicle components, software development, planning and production of printed matter and other businesses.
*3. Segment loss adjustment of ¥ (71) million is the Company's profit (loss) not attributable to reportable segment.
*4. Segment loss is reconciled to operating loss in the consolidated statements of income.
- First quarter ended Jun. 30, 2020
Net sales and income (loss) in reportable segment
(Millions of yen) | ||||||||||
Reportable segment *1 | ||||||||||
Other | Total | Adjustments | Consolidated | |||||||
SPE | GA | FT | PE | Total | *2 | *3 | *4 | |||
Sales | ||||||||||
(1) Sales to outside | ¥52,687 | ¥7,918 | ¥3,668 | ¥2,359 | ¥66,634 | ¥245 | ¥66,880 | ¥ - | ¥66,880 | |
customers | ||||||||||
(2) Intersegment sales | - | 9 | - | 4 | 13 | 2,927 | 2,941 | (2,941) | - | |
and transfers | ||||||||||
Total | 52,687 | 7,927 | 3,668 | 2,364 | 66,648 | 3,173 | 69,821 | (2,941) | 66,880 | |
Segment income (loss) | 4,276 | (396) | (1,519) | 123 | 2,484 | (115) | 2,369 | (509) | 1,859 | |
Notes:
*1. The SPE segment develops and manufactures semiconductor production equipment and conducts sales and maintenance services. In the GA segment, graphic arts equipment is developed, manufactured, sold and maintained. The FT segment develops, manufactures and markets display production equipment and coater equipment, and it also conducts maintenance services. In the PE segment, PC related equipment is developed, manufactured, sold and maintained.
*2. The "Other" category incorporates operations not included in reportable segments, including development, manufacturing and sales of equipment in the life science business and inspection system for in-vehicle components, software development, planning and production of printed matter and other businesses.
*3. Segment income (loss) adjustment of ¥ (509) million is the Company's profit (loss) not attributable to reportable segment.
*4. Segment income (loss) is reconciled to operating income in the consolidated statements of income.
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SCREEN Holdings Co., Ltd.
Consolidated Financial Highlights for the First Quarter Ended June 30, 2020
(Figures less than one million yen have been omitted and other figures have been rounded.) | |||||||||||||||
FY2020 | FY2020 | ||||||||||||||
FY2021 | FY2021 | ||||||||||||||
3 months ended | 3 months ended | Difference | 12 months ended | 6 months ending | 12 months ending | ||||||||||
Jun. 30, 2019 | Jun. 30, 2020 | Mar.31, 2020 | Sept. 30, 2020 | Mar.31, 2021 | |||||||||||
Result | Result | Amount | Percentage | Result | Forecast | Forecast | |||||||||
Net sales | ¥ 58,230 | ¥ 66,880 | ¥ 8,649 | 14.9% | ¥ 323,249 | ¥ 141,000 | ¥316,000 | ||||||||
Operating income | (4,428) | 1,859 | 6,288 | - | 12,561 | 3,500 | 18,000 | ||||||||
[to net sales ratio] | -7.6% | 2.8% | 10.4 pt | - | 3.9 % | 2.5 % | 5.7 % | ||||||||
Ordinary income | (4,285) | 1,988 | 6,273 | - | 11,636 | 3,000 | 15,000 | ||||||||
[to net sales ratio] | -7.4% | 3.0% | 10.3 pt | - | 3.6 % | 2.1 % | 4.7 % | ||||||||
Profit attributable to owners of parent | (2,918) | 1,998 | 4,916 | - | 5,010 | 2,500 | 11,000 | ||||||||
[to net sales ratio] | -5.0% | 3.0% | 8.0 pt | - | 1.6 % | 1.8 % | 3.5 % | ||||||||
Total assets | 373,484 | 387,059 | * | 39,095 | 11.2% | 347,964 | - | - | |||||||
Net assets | 170,200 | 178,728 | * | 4,585 | 2.6% | 174,142 | - | - | |||||||
Equity | 169,977 | 178,541 | * | 4,599 | 2.6% | 173,941 | - | - | |||||||
Equity ratio | 45.5% | 46.1% | * | (3.9) pt | - | 50.0 % | - | - | |||||||
Net assets per share (Yen) | 3,642.84 | 3,825.69 | * | 98.59 | 2.6% | 3,727.10 | - | - | |||||||
Interest-bearing debt | 69,002 | 100,500 | * | 33,198 | 49.3% | 67,302 | - | - | |||||||
Net Interest-bearing debt | 32,215 | 34,473 | * | 4,941 | 16.7% | 29,531 | - | - | |||||||
Cash flows from operating activities | 2,493 | (1,148) | - | - | 11,811 | - | - | ||||||||
Cash flows from investing activities | (5,243) | (760) | - | - | (11,293) | - | - | ||||||||
Cash flows from financing activities | 7,537 | 30,820 | - | - | 4,927 | - | - | ||||||||
Depreciation and amortization | 2,149 | 2,370 | 220 | 10.2% | 8,860 | 4,800 | 10,000 | ||||||||
Capital expenditures | 1,646 | 1,315 | (330) | -20.1% | 7,984 | 4,000 | 11,000 | ||||||||
R&D expenses | 5,537 | 4,599 | (938) | -16.9% | 21,525 | 10,000 | 22,000 | ||||||||
Number of employees | 6,185 | 6,147 | * | 73 | 1.2% | 6,074 | - | - | |||||||
Number of consolidated subsidiaries | 58 | 57 | * | - | - | 57 | - | - | |||||||
[Domestic] | [28] | [27] | * | [-] | - | [27] | - | - | |||||||
[Overseas] | [30] | [30] | * | [-] | - | [30] | - | - | |||||||
Number of non-consolidated subsidiaries | 3 | 3 | * | - | - | 3 | - | - | |||||||
[Number of non-consolidated subsidiaries | [-] | [-] | * | [-] | - | [-] | - | - | |||||||
accounted for by equity method] | |||||||||||||||
Number of affiliates | 1 | 2 | * | - | - | 2 | - | - | |||||||
[Number of affiliates accounted for by | [1] | [2] | * | [-] | - | [2] | - | - | |||||||
equity method]
* show changes from Mar. 31, 2020
- 14 -
SCREEN Holdings Co., Ltd.
Sales Breakdown (Consolidated) | (Millions of yen) | |||||||||
FY2020 | FY2021 | |||||||||
3 months ended | 3 months ended | 6 months ended | 3 months ended | 3 months ended | 12 months | 3 months ended | 6 months | 12 months | ||
ended | ending | ending | ||||||||
Jun. 30, 2019 | Sept. 30, 2019 | Sept. 30, 2019 | Dec. 31, 2019 | Mar. 31, 2020 | Jun. 30, 2020 | |||||
Mar.31, 2020 | Sept. 30, 2020 | Mar.31, 2021 | ||||||||
Result | Result | Result | Result | Result | Result | Result | Forecast | Forecast | ||
Semiconductor Production | Domestic | 7,416 | 13,091 | 20,507 | 8,552 | 14,410 | 43,470 | 16,059 | ― | ― |
Equipment Business | Overseas | 33,792 | 52,601 | 86,393 | 43,034 | 57,602 | 187,030 | 36,628 | ― | ― |
(SPE) | Total | 41,208 | 65,692 | 106,901 | 51,586 | 72,013 | 230,501 | 52,687 | 106,000 | 231,500 |
Graphic Arts | Domestic | 4,146 | 6,548 | 10,695 | 5,066 | 4,852 | 20,614 | 4,029 | ― | ― |
Equipment Business | Overseas | 5,675 | 6,404 | 12,080 | 6,485 | 6,373 | 24,938 | 3,898 | ― | ― |
(GA) | Total | 9,821 | 12,953 | 22,775 | 11,551 | 11,226 | 45,553 | 7,927 | 16,000 | 37,500 |
Display Production | Domestic | 271 | 281 | 552 | 1,647 | 674 | 2,875 | 354 | ― | ― |
Equipment and Coater | Overseas | 4,544 | 7,748 | 12,293 | 10,797 | 9,212 | 32,303 | 3,314 | ― | ― |
Business (FT) | Total | 4,815 | 8,030 | 12,846 | 12,445 | 9,887 | 35,179 | 3,668 | 13,500 | 34,500 |
PCB-Related | Domestic | 659 | 765 | 1,425 | 548 | 1,074 | 3,047 | 559 | ― | ― |
Equipment Business | Overseas | 1,462 | 1,893 | 3,356 | 1,230 | 2,419 | 7,006 | 1,804 | ― | ― |
(PE) | Total | 2,122 | 2,659 | 4,781 | 1,778 | 3,494 | 10,054 | 2,364 | 4,500 | 10,500 |
Domestic | 211 | 546 | 758 | 486 | 541 | 1,785 | 196 | ― | ― | |
Other | Overseas | 59 | 90 | 149 | 22 | 50 | 222 | 49 | ― | ― |
Total | 271 | 636 | 907 | 508 | 591 | 2,007 | 245 | 1,000 | 2,000 | |
Domestic | (9) | (13) | (22) | (9) | (14) | (46) | (13) | ― | ― | |
Intersegment sales | Overseas | ― | ― | ― | ― | ― | ― | ― | ― | ― |
Total | (9) | (13) | (22) | (9) | (14) | (46) | (13) | ― | ― | |
Domestic | 12,696 | 21,219 | 33,916 | 16,291 | 21,539 | 71,747 | 21,185 | ― | ― | |
Grand Total | Overseas | 45,534 | 68,739 | 114,273 | 61,570 | 75,658 | 251,502 | 45,694 | ― | ― |
Total | 58,230 | 89,959 | 148,190 | 77,861 | 97,198 | 323,249 | 66,880 | 141,000 | 316,000 | |
Overseas | 78.2% | 76.4% | 77.1% | 79.1% | 77.8% | 77.8% | 68.3% | ― | ― | |
Ratio | ||||||||||
Orders received & Order backlog (Consolidated) | (Millions of yen) | |||||||||||
FY2020 | FY2021 | |||||||||||
3 months ended Jun. 30, 2019 | 3 months ended Sept. 30, 2019 | 3 months ended Dec. 31, 2019 | 3 months ended Mar. 31, 2020 | 3 months ended Jun. 30, 2020 | ||||||||
Orders received Order backlog Orders received Order backlog Orders received Order backlog Orders received Order backlog Orders received Order backlog | ||||||||||||
Semiconductor Production | Domestic | 11,178 | 16,475 | 11,359 | 14,743 | 14,040 | 20,232 | 11,519 | 17,341 | 8,046 | 9,328 | |
Equipment Business | Overseas | 48,844 | 86,639 | 51,236 | 85,274 | 31,263 | 73,503 | 50,887 | 66,788 | 34,963 | 65,123 | |
(SPE) | Total | 60,023 | 103,114 | 62,595 | 100,017 | 45,304 | 93,735 | 62,407 | 84,129 | 43,010 | 74,452 | |
Graphic Arts | Domestic | 5,169 | 3,195 | 5,156 | 1,802 | 4,763 | 1,500 | 5,129 | 1,776 | 3,943 | 1,689 | |
Equipment Business | Overseas | 6,584 | 3,082 | 6,220 | 2,898 | 6,613 | 3,026 | 6,960 | 3,614 | 5,017 | 4,733 | |
(GA) | Total | 11,754 | 6,277 | 11,377 | 4,701 | 11,377 | 4,527 | 12,089 | 5,390 | 8,961 | 6,423 | |
Display Production | Domestic | 1,290 | 2,937 | 616 | 3,273 | △81 | 1,543 | 1,044 | 1,913 | 444 | 2,004 | |
Equipment and Coater | Overseas | 12,886 | 49,217 | 8,204 | 49,673 | 11,658 | 50,534 | 5,948 | 47,270 | 2,072 | 46,028 | |
Business (FT) | Total | 14,176 | 52,155 | 8,821 | 52,946 | 11,577 | 52,078 | 6,993 | 49,183 | 2,517 | 48,032 | |
PCB-Related | Domestic | 923 | 434 | 372 | 41 | 541 | 34 | 1,062 | 23 | 812 | 276 | |
Equipment Business | Overseas | 1,661 | 773 | 1,851 | 731 | 2,183 | 1,684 | 2,076 | 1,340 | 1,414 | 950 | |
(PE) | Total | 2,585 | 1,207 | 2,224 | 772 | 2,724 | 1,718 | 3,139 | 1,364 | 2,227 | 1,227 | |
Domestic | 18,563 | 23,042 | 17,505 | 19,861 | 19,264 | 23,311 | 18,756 | 21,055 | 13,247 | 13,299 | ||
Grand Total | Overseas | 69,976 | 139,712 | 67,513 | 138,576 | 51,719 | 128,748 | 65,872 | 119,013 | 43,468 | 116,836 | |
Total | 88,540 | 162,754 | 85,019 | 158,438 | 70,983 | 152,060 | 84,629 | 140,068 | 56,715 | 130,135 | ||
Overseas | 79.0% | 85.8% | 79.4% | 87.5% | 72.9% | 84.7% | 77.8% | 85.0% | 76.6% | 89.8% | ||
Ratio | ||||||||||||
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SCREEN Holdings Co. Ltd. published this content on 29 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2020 06:35:08 UTC