Consolidated Financial Results (Figures rounded down nearest mill

The Datasheet Archive - 100 Million Datasheets from 7500 Manufacturers.

Consolidated Financial Results (Figures rounded down nearest mill

Datasheet Thumbnail

Top Searches for this datasheet

November 2004
Consolidated Financial Results
(Figures rounded down nearest million yen. fraction less than unit rounded off.) Year ending Mar. 2005 First months Actual Year ended Mar. 2004 First months Acutal Amount Percentage
Increase/decrease from six-month period ended Sept. 2003
Year ended Mar. 2004 Annual Actual
Year ending Mar. 2005 Annual Projected
Increase/decrea from year ended Mar. 2004
sales Cost sales Selling, general administrative expenses Operating income
(Operating income margin)
Millions Millions
200,411 111,942 34,453 54,015 (27.0%)
181,981 99,638 31,701 50,641 (27.8%) 46,977 (25.8%) 26,808 (14.7%) 225.69
+18,430 +12,304 +2,752 +3,374 (-0.8%) +11,718 (+3.5%) +9,925 (+3.6%) +83.56
+10.1% +12.3% +8.7% +6.7%
355,630 194,856 66,266 94,507 (26.6%)
382,000 221,100 71,900 89,000 (23.3%) 93,000 (24.3%) 54,000 (14.1%) 454.62
+7.4%
Millions Millions
-5.8%
Ordinary income
(Ordinary income margin)
Millions
58,695 (29.3%)
+24.9%
92,083 (25.9%)
+1.0%
income
(Net income margin)
Millions
36,733 (18.3%)
+37.0%
63,717 (17.9%)
-15.3%
Basic income share Return equity Ordinary income total assets
309.25
+37.0%
535.62 11.1
Total assets Shareholders' equity Shareholders' equity ratio Shareholders' equity share
Millions Millions
903,696 757,090 83.8 6,373.91
819,551 694,335 84.7 5,845.38
+84,145 +62,755 -0.9 +528.53
+10.3% +9.0%
846,799 715,938 84.5
+9.0%
6,026.56
Capital expenditures Depreciation (Tangible fixed assets) Research development costs financial revenue
(Interest dividend income)
Millions
35,568 21,031 15,370
17,721 21,358 14,771
+17,847 -327 +599
+100.7% -1.5% +4.1%
51,958 45,539 31,380
84,500 50,000 32,800
+62.6% +9.8% +4.5%
Millions
Millions
(Millions yen)
(1,362) (gain)3,237
(1,187) (loss) 5,195
(+175) (gain)8,432
(+14.7%)
(2,370) (loss)5,529
(Second half year)
Foreign currency exchange gains/losses
Millions
Foreign exchange rate (Average yendollar rate) Number employees
(Number employees)
Yen/US$
109.19 20,254 (2,193)
119.20 17,949 (1,934) (12) (34)
-10.01 +2,305 (+259) (+1)
-8.4% +12.8% (+13.4%)
113.97 18,591 (1,943) (13) (34)
105.00
Overseas production ratio Number consolidated subsidiaries
(Domestic) (Overseas)
(13) (34)
Number companies accounted equity method Number non-consolidated subsidiaries
Contact: Public Relations Investor Relations Dept., ROHM CO., LTD. Saiin Mizosaki-cho, Ukyoku, Kyoto 615-8585 Japan (075)315-5729 (Direct line)
Note: This report translation financial highlights Company prepared accordance with provisions forth Securities Exchange related accounting regulations, conformity with accounting principles generally accepted Japan. original version this report written Japanese. event discrepancies words, accounts, figures like between this report original, original Japanese version shall govern.
Interim Financial Highlights
Consolidated Financial Results (Continued from previous page)
(Figures rounded down nearest million yen. fraction less than unit rounded off.) Year ending Mar. 2005 First months Actual Year ended Mar. 2004 First months Acutal Amount Percentage
Increase/decrease from six-month period ended Sept. 2003
Year ended Mar. 2004 Annual Actual
Year ending Increase/decrease Mar. 2005 from year ended Mar. Annual 2004 Projected
Sales product category geographical region Integrated circuits (Japan) (Asia) (Americas) (Europe) Discrete semiconductor devices (Japan) (Asia) (Americas) (Europe) Passive components (Japan) (Asia) (Americas) (Europe) Displays (Japan) (Asia) (Americas) (Europe)
Millions
86,828 (42,431) (39,536) (1,898) (2,962) 76,506 (28,118) (40,401) (3,803) (4,183) 12,445 (4,367) (5,512) (964) (1,601) 24,630 (10,854) (11,153) (1,239) (1,383)
81,955 (41,476) (35,829) (1,788) (2,860) 69,193 (26,554) (35,035) (3,949) (3,653) 12,183 (4,236) (5,125) (1,013) (1,806) 18,649 (7,694) (8,409) (831) (1,714)
+4,873 (+955) (+3,707) (+110) (+102) +7,313 (+1,564) (+5,366) (-146) (+530) +262 (+131) (+387) (-49) (-205) +5,981 (+3,160) (+2,744) (+408) (-331)
+5.9% (+2.3%) (+10.3%) (+6.1%) (+3.6%) +10.6% (+5.9%) (+15.3%) (-3.7%) (+14.5%) +2.2% (+3.1%) (+7.6%) (-4.9%) (-11.4%) +32.1% (+41.1%) (+32.6%) (+49.1%) (-19.3%)
155,446 (78,902) (67,146) (3,550) (5,847) 139,009 (54,591) (69,020) (7,501) (7,896) 24,601 (8,593) (10,369) (1,992) (3,645) 36,573 (14,675) (16,922) (1,767) (3,208)
163,317 (82,591) (71,789) (3,444) (5,492) 149,632 (55,627) (78,208) (7,375) (8,421) 24,119 (8,751) (10,485) (1,660) (3,221) 44,930 (18,781) (20,900) (2,284) (2,964)
+5.1% (+4.7%) (+6.9%) (-3.0%) (-6.1%) +7.6% (+1.9%) (+13.3%) (-1.7%) (+6.6%) -2.0% (+1.8%) (+1.1%) (-16.7%) (-11.6%) +22.8% (+28.0%) (+23.5%) (+29.2%) (-7.6%)
Sales application Visual Audio Home appliance Other consumer Computer Telecommunications Automotive Other industrial Subassemblies Others
13.5 21.2 16.0 13.6 14.9
14.2 20.8 15.9 13.5 12.7
-0.6 -0.7 -0.2 -0.8 +0.4 +0.1 -0.5 +0.1 +2.2
13.4 21.1 15.3 14.7 13.6
Capital expenditures product category Integrated circuits Discrete semiconductor devices Passive components Displays Others
Millions
15,070 13,363 2,967 3,323
5,957 6,452 1,994 2,553
+9,113 +6,911 +973 +770
+153.0% +107.1% +10.4% +48.8% +30.1%
23,129 16,028 1,665 4,466 6,668
38,500 27,500 2,500 6,500 9,500
+66.5% +71.6% +50.1% +45.5% +42.5%
Interim Financial Highlights
Non-consolidated Financial Results
(Figures rounded down nearest million yen. fraction less than unit rounded off.) Year ending Mar. 2005 First months Actual Year ended Mar. 2004 First months Actual Amount Percentage
Increase/decrease from six-month period ended Sept. 2003
Year ended Mar. 2004 Annual Actual
Year ending Mar. 2005 Annual Projected
Increase/decrease from year ended Mar. 2004
sales Operating income
(Operating income margin)
Millions Millions
186,105 22,031 (11.8%)
164,402 19,139 (11.6%) 25,753 (15.7%) 19,284 (11.7%) 162.35
+21,703 +2,892 (+0.2%) +25,089 (+11.6%) +18,910 (+8.8%) +159.21
+13.2% +15.1%
331,249 33,218 (10.0%)
354,000 32,000 (9.0%) 59,000 (16.7%) 43,000 (12.1%) 362.01
+6.9% -3.7%
Ordinary income
(Ordinary income margin)
Millions
50,842 (27.3%)
+97.4%
38,211 (11.5%)
+54.4%
income
(Net income margin)
Millions
38,194 (20.5%)
+98.1%
29,342 (8.9%)
+46.5%
Basic income share Return equity Ordinary income total assets
321.56
+98.1%
246.65
Total assets Shareholders' equity Shareholders' equity ratio Shareholders' equity share
Millions Millions
655,125 531,075 81.1 4,471.10
589,112 488,247 82.9 4,110.40
+66,013 +42,828 -1.8 +360.70
+11.2% +8.8%
607,152 497,456 81.9
+8.8%
4,187.61
Interim cash dividends
(Annual cash dividends)
(Yen)
42.5
12.5
+30.0 (55.0)
(85.0) 16,000 10,000
+106.8% +31.8%
Capital expenditures Depreciation (Tangible fixed assets) financial revenue
(Interest income) (Dividend income)
Millions Millions
4,954 4,159
1,634 3,271
+3,320 +888
+203.0% +27.1%
7,737 7,586
(Millions yen) (Millions yen) Millions Millions
(718) (23,892) 24,610 (gain)3,139
(814) (9,882) 10,697 (loss) 4,217
(-96) (+14,010) +13,913 (gain)7,356
(-11.8%) (+141.8%) +130.1%
(1,593) (9,894) 11,488 (loss) 7,074
Foreign currency exchange gains/losses
Number employees Number shareholders
Financial institution shareholding ratio Foreign shareholding ratio
3,292 23,676 34.21 47.18
3,053 20,759 34.37 48.12
+239 +2,917 -0.16 -0.94
+7.8% +14.1%
2,985 22,978 34.63 47.05
Interim Financial Highlights
Consolidated Interim Financial Report Fiscal Year Ending March 2005
November 2004
Listed Company Name
ROHM CO., LTD.
Stock Exchange Listings Tokyo, Osaka Head Office Location Kyoto Prefecture
Code No.: 6963 (URL http://www.rohm.co.jp) Company representative Title: President Name: Sato Contact person Title: Director, Administration Headquarters Name: Nobuo Hatta
Date Board Directors meeting approval financial statements: November 2004 Adoption GAAP U.S. None
(075) 2121
Consolidated Business Results Six-month Period Ended September 2004 (From April 2004 September 2004) Consolidated Results Operations (Figures rounded down nearest million yen)
sales Millions months ended September 2004 months ended September 2003 Year ended March 2004 Operating income Millions Ordinary income Millions
200,411 181,981 355,630
income Millions
10.1 -3.7
54,015 50,641 94,507
-17.6
58,695 46,977 92,083
24.9 -16.6
Basic income share Diluted income share
months ended September 2004
36,733
37.0
309.25
months ended 26,808 -17.8 225.69 September 2003 Year ended March 2004 63,717 535.62 (Notes) Equity income (losses) months ended Sept. 2004: million months ended Sept. 2003: million Year ended Mar. 2004: million (ii) Average number shares outstanding (consolidated) months ended Sept. 2004: 118,780,714 shares months ended Sept. 2003: 118,784,750 shares Year ended Mar. 2004: 118,783,647 shares (iii) Change accounting policies: None (iv) Percentage shown sales, Operating income, Ordinary income income represents change from data corresponding period previous year.
Consolidated Financial Position
Total assets Millions months ended September 2004 Shareholders' equity Millions Shareholders' equity ratio Shareholders' equity share
903,696
757,090
83.8
6,373.91 5,845.38 6,026.56
months ended 819,551 694,335 84.7 September 2003 Year ended March 2004 846,799 715,938 84.5 (Note) Number shares outstanding (consolidated) term months ended Sept. 2004: 118,779,579 shares months ended Sept. 2003: 118,783,479 shares Year ended Mar. 2004: 118,781,637 shares
Consolidated Cash Flows
Cash flows from operating activities Millions months ended September 2004 months ended September 2003 Year ended March 2004 Cash flows from investing activities Millions Cash flows from Cash cash financing activities equivalents term Millions Millions
56,866 34,388 78,365
-43,515 -23,335 -72,136
-5,074 -1,519 -3,028
325,868 322,147 310,578
Scope consolidation application equity method Number consolidated subsidiaries: Number non-consolidated subsidiaries accounted equity method: None Number associated companies accounted equity method: Changes scope consolidation application equity method Companies newly consolidated: None Companies excluded from consolidation: None Companies newly accounted equity method: None Companies longer accounted equity method: None Consolidated Business Results Forecast Fiscal 2005 (From April 2004 March 2005)
sales Millions Fiscal 2005 Ordinary income Millions income Millions
382,000
93,000
54,000
(Note) Projected income share year ending March 2005: 454.62 forecast data based information available time release this report. Therefore, number important factors including changes business conditions cause actual results differ materially from those discussed prospective statements. Refer page attached documents reasons forecast other relevant information.
ROHM CO., LTD.
Status ROHM Group
ROHM Group consists ROHM CO., LTD., consolidated subsidiaries Japan outside Japan) associated companies Japan outside Japan). comprehensive electronic component manufacturer, whose principal business manufacture sales electronic components. Group diagram information consolidated subsidiaries given below. Users Overseas Domestic
Finished products Administrative Responsibility Subsidiaries Asia Sales
ROHM ELECTRONICS ASIA PTE. LTD.
Sales
ROHM ELECTRONICS U.S.A., ROHM ELECTRONICS GMBH ROHM ELECTRONICS (H.K.) CO., LTD. ROHM ELECTRONICS (SHANGHAI) CO., LTD. ROHM ELECTRONICS TRADING DALIAN CO., LTD. ROHM ELECTRONICS TAIWAN CO., LTD. ROHM ELECTRONICS KOREA CORPORATION ROHM ELECTRONICS (MALAYSIA) SDN. BHD. ROHM ELECTRONICS (PHILIPPINES) SALES CORPORATION ROHM ELECTRONICS (THAILAND) CO., LTD.
Finished products
Distribution
ROHM LOGISTEC CO., LTD.
Finished products
Distribution operation contract
ROHM CO., LTD.
materials Semi-finished products
ROHM SYSTEMS U.S.A., ROHM SYSTEMS (FRANCE) S.A.S.
materials Semi-finished products Finished products
Manufacture
(Domestic)
ROHM HAMAMATSU CO., LTD. ROHM WAKO DEVICE CO., LTD. ROHM APOLLO DEVICE CO., LTD. ROHM TSUKUBA CO., LTD. ROHM WAKO CO., LTD. ROHM APOLLO CO., LTD. ROHM FUKUOKA CO., LTD. ROHM AMAGI CO., LTD. ROHM MECHATECH CO., LTD.
(Overseas)
ROHM KOREA CORPORATION ROHM-WAKO ELECTRONICS (MALAYSIA) SDN. BHD. ROHM APOLLO ELECTRONICS (THAILAND) CO., LTD. ROHM APOLLO SEMICONDUCTOR PHILIPPINES, INC. ROHM ELECTRONICS PHILIPPINES, INC. ROHM INTEGRATED SEMICONDUCTOR (THAILAND) CO., LTD. ROHM ELECTRONICS DALIAN CO., LTD. ROHM ELECTRONICS WAKO (TIANJIN) CO., LTD. ROHM ELECTRONICS COMPONENTS (TIANJIN) CO., LTD. ROHM MECHATECH PHILIPPINES, INC. ROHM MECHATECH THAILAND CO., LTD.
Administrative Responsibility Subsidiaries North South America
ROHM U.S.A., INC.
Administrative Responsibility Subsidiaries Europe
ROHM ELECTRONICS EUROPE LIMITED
ROHM CO., LTD.
Information Consolidated Subsidiaries
Corporate name Location Capital Principal business Percentage voting right held ROHM CO., LTD. 95.0 100.0 25.0) 100.0 25.0) 100.0 100.0 100.0 100.0 100.0 100.0 100.0 93.7 100.0 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 75.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) Remarks
ROHM HAMAMATSU CO., LTD. ROHM WAKO DEVICE CO., LTD. ROHM APOLLO DEVICE CO., LTD. ROHM TSUKUBA CO., LTD. ROHM WAKO CO., LTD. ROHM APOLLO CO., LTD. ROHM FUKUOKA CO., LTD. ROHM AMAGI CO., LTD. ROHM MECHATECH CO., LTD. ROHM LOGISTEC CO., LTD. NARITA GIKEN CO., LTD. CO., LTD. WAKO SERVICE CO., LTD. ROHM KOREA CORPORATION ROHM-WAKO ELECTRONICS (MALAYSIA) SDN. BHD. ROHM APOLLO ELECTRONICS (THAILAND) CO., LTD. ROHM APOLLO SEMICONDUCTOR PHILIPPINES, INC. ROHM ELECTRONICS PHILIPPINES, INC. ROHM INTEGRATED SEMICONDUCTOR (THAILAND) CO., LTD. ROHM ELECTRONICS DALIAN CO., LTD. ROHM ELECTRONICS WAKO (TIANJIN) CO., LTD. ROHM ELECTRONICS COMPONENTS (TIANJIN) CO., LTD. ROHM MECHATECH PHILIPPINES, INC. ROHM MECHATECH THAILAND CO., LTD. ROHM DEVICE U.S.A., ROHM ELECTRONICS U.S.A., ROHM ELECTRONICS GMBH ROHM ELECTRONICS (H.K.) CO., LTD. ROHM ELECTRONICS (SHANGHAI) CO., LTD. ROHM ELECTRONICS TRADING DALIAN CO., LTD. ROHM ELECTRONICS TAIWAN CO., LTD. ROHM ELECTRONICS KOREA CORPORATION
Shizuoka Okayama Fukuoka Ibaraki Okayama Fukuoka Fukuoka Fukuoka Kyoto Okayama Hyogo Tokyo Okayama Korea Malaysia Thailand Philippines Philippines Thailand China China China Philippines Thailand Germany Hong Kong China China Taiwan Korea
Million Manufacture elec400 tronic components Million Million Million Million Million Million Million Million Million Million Million Million Million 9,654 Thousand 53,400 Thousand baht 448,000 Thousand peso 406,580 Thousand peso 1,017,060 Thousand baht 667,500 Million 6,485 Million 5,000 Thousand 28,200 Thousand peso 100,000 Thousand baht 100,000 Thousand 50,676 Thousand 26,298 Thousand EURO Thousand 27,000 Thousand Thousand Thousand 140,500 Million 1,000 Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Distribution electronic components Development design electronic circuitry Development design electronic circuitry Plant equipment maintenance Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Manufacture electronic components Sales electronic components Sales electronic components Sales electronic components Sales electronic components Sales electronic components Sales electronic components Sales electronic components
ROHM CO., LTD.
Percentage voting right held ROHM CO., LTD. 100.0
Corporate name
Location
Capital
Principal business Administrative responsibility subsidiaries Asia sales electronic components Sales electronic components Sales electronic components Sales electronic components Sales electronic components Sales electronic components Research develo pment Research develo pment Design electronic components Design electronic components Design electronic components Administrative responsibility subsidiaries North South America Administrative responsibility subsidiaries Europe Real estate leasing Holding company
Remarks
ROHM ELECTRONICS ASIA PTE. LTD.
Singapore
Thousand 90,630 Thousand Thousand peso 13,250 Thousand baht 104,000 Thousand 11,584 Thousand Thousand 1,608 Thousand EURO Thousand peso 52,500 Thousand baht 30,000 Million Thousand 133,642 Thousand 3,400 Thousand peso 34,100 Thousand peso 15,000
ROHM ELECTRONICS (MALAYSIA) SDN. BHD. ROHM ELECTRONICS (PHILIPPINES) SALES CORPORATION ROHM ELECTRONICS (THAILAND) CO., LTD. ROHM ELECTRONICS BRAZIL LIMITADA ROHM ELECTRONICS (U.K.) LIMITED ROHM SYSTEMS U.S.A., ROHM SYSTEMS (FRANCE) S.A.S. ROHM DESIGN PHILIPPINES, INC. ROHM TECHNOLOGY THAILAND CO., LTD. ROHM DESIGN (TIANJIN) CO., LTD.
Malaysia Philippines Thailand Brazil United Kingdom France Philippines Thailand China
49.0 49.0) 51.0] 100.0 (100.0) 100.0 (100.0) 99.9 99.9) 100.0 (100.0) 100.0 (100.0) 100.0 (100.0) 100.0 100.0 (100.0) 100.0 (100.0) 100.0
ROHM U.S.A., INC.
United Kingdom Philippines Philippines
ROHM ELECTRONICS EUROPE LIMITED ROHM REALTY CORPORATION ROHM ASSETS PHILIPPINES INC.
100.0 100.0 74.1) 40.0 40.0) 60.0]
(Notes) Consolidated subsidiary whose interim accounting date differs from that ROHM CO., Ltd. September percentages parentheses indicate indirect voting right held ROHM CO., LTD., figures brackets indicate percentage voting right held those (other than ROHM CO., LTD.) having close relationship with subsidiary.
ROHM CO., LTD.
Management Policies
Basic Management Policy ROHM considers essential allocate added value produced Company, appropriate proportions, shareholders, employees local communities, addition, retained earnings business investment that intended strengthen competitiveness. view that, Company desires understanding cooperation stakeholders pursuit creation improvement lasting, comprehensive corporate value. ROHM thereby intends make shares more attractive investors, this Company highest priorities management. Accordingly, ROHM committed developing world's market-leading products, including high-value-added system LSIs digital information appliances mobile electronic equipment, which expected undergo rapid growth, along with optical devices, which also area with great potential growth. ROHM also seeks basic policy enhancement cost competitiveness through best distinctive production technologies, will thereby continue lead world electronic component market. Basic Policy Distribution Profits Regarding profit distribution shareholders, ROHM will press ahead with current measures policies live shareholders' expectations, with comprehensive consideration given various factors, including business performance, financial position, expected demand funds business investment aimed improving corporate value. concrete, with consolidated dividend payout ratio also taken into account, Company will continue direct efforts toward satisfactory direct profit distribution based corporate performance. ROHM sustain growth improve performance semiconductor industry, market which expected grow medium long term, indispensable have product development capabilities outstripping other manufacturers enhance cost competitiveness. With accelerated sophistication development manufacturing technologies, which serve core factors such competition, funds needed investment production facilities Company's core business areas, that semiconductors optical devices increasing each year. ROHM considers that, make appropriate prompt investment aimed maintaining strengthening international competitiveness growth potential semiconductor industry that undergoing drastic changes, vital, terms management, maintain reserve, ample funds. Specifically, Company considers that will increasingly necessary make large-scale investment construction production lines large-diameter wafers, 0.13 smaller ultra-fine processes, optical devices. ROHM intends make effective retained earnings such medium- long-term improvement Company's corporate value, well tie-up with acquisition Japanese overseas companies, from which business synergy expected. Policy Changes Minimum Trading Size ROHM reduced size minimum trading shares from 1,000 shares, considers that some positive results have been achieved since then, including considerable increase number shareholders. Medium- Long-term Corporate Strategies While expansion electronics market anticipated over medium long term parallel with advancement highly sophisticated information society, international competition expected intensify amid widening fluctuation demand, encouraging realignment industry shakeout uncompetitive businesses. ensure stable growth strong well-balanced financial position under these circumstances, range measures should taken, including development creative, high-value-added products utilizing world leading advanced technologies, enhancement cost competitiveness, establishment global production distribution network that enables high customer satisfaction both domestic overseas markets, strengthening service technical support systems customers. ROHM will make persistent efforts formulate implement such measures, with consistent emphasis development custom-designed products priority quality. part these efforts, ROHM continues, with increased personnel research development, enhance established digital combined digital/analog technologies. Moreover, besides upgrading "REAL SOCKET," proprietary design system enabling development complex, high-performance system LSIs, have developed innovative system development platform named "REAL PLATFORM," which enables significant reduction product development period, response increasing needs larger scale integration, higher performance quicker product delivery area system LSIs for, chiefly, markets digital home appliances information communications equipment. also focusing development optical devices, including laser diodes, market which expected undergo rapid
ROHM CO., LTD. growth especially fields next-generation high-density optical discs optical communications, organic (electroluminescence) displays, which attracting attention next-generation displays. Moreover, will continue upgrade high-quality, high-reliability product line increasingly electronically sophisticated automobile-related markets. base these technological improvement activities, ROHM constructed commenced operation Yokohama Technology Center, followed Optical Device Research Center Test Technology Center, which have consistently been upgraded. will also upgrade marketing system both Japan overseas, thereby continue strengthen activities presenting proposals well providing technical support customers worldwide. next-generation technological development, ROHM actively involved wide range joint projects, including establishment comprehensive industrial-academic collaboration alliance with Kyoto University leading Japanese companies, cooperation with Semiconductor Industry Research Institute Japan, which think-tank Japanese semiconductor industry, participation Japanese national leading-edge projects, ASCA (Advanced Semiconductors through Collaborative Achievement), MIRAI (Millennium Research Advanced Information Technology), which wisdom academic, industrial, governmental circles concentrated. Moreover, ROHM promotes partnerships with companies complementing technologies wherever necessary, thus facilitating efficiency activities. Regarding production system improvement, ROHM aggressively accelerating production shift Thailand, Philippines China enhance supply system improve cost competitiveness global market. existing domestic plants clearly positioned "mother" plants construction ROHM Group's production network, with focus further accumulation production technologies. Such production technologies established domestic plants will then shared with overseas plants manufacture supply ROHM's high quality products throughout world. Focusing quality first foremost only manufacturing division also field technological development, including circuit design manufacturing technologies, ROHM will continue promote company-wide efforts enhance reliability products. Company will also develop continuously supply industry-leading high-reliability products customers Japan overseas, thus further strengthening international competitiveness. Moreover, ROHM Group whole will continue pursue further management efficiency improvement swifter decision-making, through restructuring integration corporate organization both outside Japan. contribute environmental conservation, ROHM Group whole continues make progress with establishing implementing environmental management system based 14001 standards. environmental conservation activities include development low-power-consumption, energy-saving products, well efforts promptly attain zero emission goals through promotion recycling waste promote "green" procurement supply production bases Japan overseas. addition, implementing tree-planting project part fight against global warming. Moreover, ROHM already able satisfy European RoHS (Restriction certain Hazardous Substances) Directive, which will come into force 2006. Priority Issues While electronics industry expected grow from mid- long-term viewpoint increasing demand digital information appliances more sophisticated automobile electronic control systems, technological competition also expected continue intensify global scale. Therefore, will increasingly necessary supply internationally competitive products constantly market, through sustained efforts toward innovative, high quality products technologies. Under these circumstances, ROHM will continue pursue business performance improvement through development high-value-added products technologies anticipation future needs customers, quality reliability improvement, enhancement production marketing systems, thorough company-wide rationalization cost reduction. Basic Policy Measures Corporate Governance proper corporate governance increasing importance, ROHM places priority maintaining fair appropriate management system. specific measures this end, Company reduced number members Board Directors with appropriate size Board, increase effectiveness efficiency Board ensure swift proper decision-making after thorough discussion. management control, while maintaining existing auditing system, ROHM ensures adequate number corporate auditors appoints corporate auditors from outside Company, strengthen management auditing functions, thereby ensuring fair appropriate corporate management structure. When appointing outside corporate auditors, select candidates have stake Company. effort enhance corporate governance, internal auditing department accounting auditors work coordination cooperation with each other improve quality audit.
ROHM CO., LTD. ROHM also committed disclosure information ensure fair transparent management. wide range information disclosure initiatives carried Company this connection include holding information sessions research analysts, fund managers other institutional investors, well disclosure financial information Internet. addition, ROHM began disclose information quarterly performance, from year ended March 2004. ROHM also places importance social responsibility sustainable development corporate citizen. Specifically, part corporate compliance efforts, Company striving enlighten educate employees through formulating Rules Conduct Employees ensuring that Rules fully understood observed employees, comply with statutes improve corporate ethics. Moreover, ROHM making constant efforts forge maintain favorable relations with local communities society whole through various activities, including donation research facilities universities active volvement community volunteer activities.
Operating Results Financial Status
Operating Results Review Six-month Period Ended September 2004 Overall review results operations six-month period ended September 2004, world economy whole remained steady continued modest uptrend business activities. However, second half period, soaring cost other materials began affect both production consumption activities. Japanese economy also remained steady whole, supported recovery corporate performance capital investment, well consumption despite significant decline public investment. electronic components industry, with market digital audio/video other consumer equip ment being upswing since early spring, demand electronic components remained strong until summer, driven particularly continuing strong growth demand CCDs, CMOS sensors memories digital still cameras camera phones. After summer, however, demand electronic components shown slower growth production digital audio/video equip ment having passed peak with Athens Olympic Games, well production adjustments Asian cellular phone market. Japan, market digital audio/video equipment such recorders digital still cameras remained steady despite sign slower market growth, while demand cellular phones personal computer-related equipment sluggish. Asian electronics market, affected production adjust ment Asian cellular phone market fears economic slowdown arising from monetary tightening China, remained slower growth trend despite continued production shift from other parts world Asia. U.S., while car-electronics-related markets were steady, demand electronic components whole slowed continued production shift Asia. European market also failed show significant growth accelerated production shift Asia, despite signs recovery cellular phone market. Under these circumstances, ROHM concentrated efforts, previous year, capital investment efficiency improvement streamlining manufacturing process, ensure profits. mpany also continued shift domestic production lines overseas plants Thailand, Philippines, China some other countries. addition, ROHM took progressive approach every division development innovative products ahead market needs, enhancing product line intended cellular phones digital audio/video equipment. result these aggressive efforts, ROHM's sales six-month period ended September 2004, increased 10.1% billion from corresponding period previous year, ordinary income income were 24.9% 37.0% billion billion respectively.
ROHM CO., LTD. Divisional review results operations <Integrated circuits> ROHM's sales integrated circuits six-month period ended September 2004 increased 5.9% billion. While market conventional audio/video equipment showed sluggish growth, market recorders digital still cameras other digital audio/video equipment remained strong, resulting favorable sales ROHM system power management LSIs system motor driver LSIs designed compact portable equipment. area LSIs cellular phones, with increasing sophistication cellular phones overseas manufacturers, including development color display panels, ROHM driver LSIs, image processing LSIs, high-performance interface LSIs other products sold favorably. Moreover, ROHM continued upgrade Development Center, Kyoto Technology Center Yokohama Technology Center enhance development technical support system. Company also commenced full-scale operation development bases Taiwan Shanghai, addition those U.S., France Hong Kong, improve technical support system overseas customers. Regarding wafer processes, production system power devices intended digital audio/video equipment compact portable equipment, demand which expected undergo strong growth, been enhanced. ROHM also made progress with establishing mass production line wafers respond increas digitalization, strengthen cost compet itiveness. While accelerating shift post-process operations overseas, Company directed efforts ward further improvement production efficiency, quality reliability domestic plants. area function modules, ROHM focused developing distinctive unique products, such compact surface mount photoreceptor modules incorporating remote control function audio/video equipment. Moreover, Company promoted production shift China increased locally procured materials, thus reducing manufacturing costs. <Discrete semiconductor devices> ROHM's sales discrete semiconductor devices six-month period ended September 2004 increased 10.6% billion. With brisk demand certain digital audio/video equipment, such thin recorders, market discrete semiconductor devices whole remained steady; particular, power transistors power diodes digital audio/video equipment sold favorably. ROHM enhanced product lineup compact portable equipment, with development miniaturized FETs (field-effect transistors). production system been strengthened through enhancement wafer processing operations power transistors power diodes ROHM TSUKUBA CO., LTD., well upgrading post-process operations chiefly compact package products. area LEDs, sales white LEDs, intended cellular phones other applications, increased steadily. laser diodes, ROHM commenced full-scale mass production high-power laser diodes recorders drives this fiscal year, which shown steady growth sales. <Passive components> ROHM's sales passive components six-month period ended September 2004 increased 2.2% billion. Despite sluggish markets cellular phones personal computers, ROHM directed efforts expanding lineup ultra-low resistance, high-surge, high-reliability resistors ultra-miniature product series (mainly 0402-size products) well enhancing production system these products. Company also made increased efforts reduce costs response intensifying price competition. <Displays> ROHM's sales displays six-month period ended September 2004 increased 32.1% billion. sales modules intended cellular phones increased steadily previous year. Image sensor heads multifunction printers, market which expanding, printheads miniaturized printers (point-of-Sale) systems sold favorably. Released last year, ROHM CMOS camera modules cellular phones showed strong growth sales. Full-color display modules intended industrial equipment also sold steadily.
ROHM CO., LTD. Distribution profits six-month period ended September 2004 Company decided interim dividends share light business performance six-month period ended September 2004, expected demand funds, other factors. draft amendment Articles Incorporation regarding purchase treasury stock based Section 211-3 Commercial Code Japan approved ordinary general meeting shareholders held June 2004. ROHM intends continue discussions formulation specific treasury stock rchase programs, with careful consideration given future business plans, expected demand funds, other factors. Forecast Fiscal Year Ending March 2005 Overall Business Result Outlook Fiscal 2005 With soaring energy material costs especially prices beginning affect world economy, well fears economy entering adjustment phase after U.S. presidential election monetary tighten China being expected continue, world economy likely head slowdown. Japan, too, despite sustained improvement various economic indicators, slight economic slowdown expected, judging from inventory cycle price hike. electronic components industry, considered that economic uncertainty, will take some time before entering full-fledged growth phase, although with increasing digitalization resulting sophistication digital audio/video other ctronic equipment, certain increase demand electronic components expected. Under these circumstances, ROHM will continue focus development high-value-added ducts, including high-performance system LSIs other miniaturized, high-reliability products. Besides proceeding with product development markets information communications equipment digital audio/video equipment, Company will also direct efforts automobile-related markets, where demand more sophisticated electronics expected grow. Moreover, Company will continue pursue improvements business performance through quality reliability improvement, enhancement customer support other marketing systems, company-wide rationalization cost reduction. Furthermore, will continue encourage environmentally friendly business activities, thus contributing environmental conservation. Consolidated forecast fiscal year 2005 follows: sales: 382,000 million (7.4% from previous year) Ordinary income: 93,000 million (1.0% from previous year) income: 54,000 million (15.3% down from previous year) Consolidated divisional sales forecast given below. Integrated circuits 163,300 million Discrete semiconductor devices 149,600 million Passive components 24,100 million Displays 44,900 million
5.1% from previous year) 7.6% from previous year) 2.0% down from previous year) 22.8% from previous year)
forecasts based exchange rates US$1 first half fiscal year (actual), US$1 second half fiscal year (projected). Distribution profits fiscal 2005 Company plans dividends share fiscal year 2005 light business performance fiscal 2005 ending March 2005, expected demand funds, other factors. Financial Position September 2004, total assets, total liabilities, minority interest total shareholders' equity amounted billion billion from March 2004), billion billion), million million) billion billion), respectively. status cash flow six-month period ended September 2004 follows: cash provided operating activities amounted billion billion corresponding period previous year). This resulted primarily from cash increases growth income before income taxes minority interests depreciation/amortization, well from cash decreases increase trade notes accounts receivable.
ROHM CO., LTD. cash used investing activities amounted billion billion corresponding period previous year), primarily result acquisition tangible fixed assets associated with capital expenditures, well purchases securities investment securities. cash used financing activities amounted billion billion corresponding period previous year), primarily result dividend payments. result these changes cash flows after adjustment effects exchange rate changes cash cash equivalents, cash cash equivalents amounted billion current six-month period, billion from previous year. scheduled amounts capital expenditures depreciation (tangible fixed assets) current fiscal year that will greatly affect annual cash flow billion billion, respectively.
ROHM CO., LTD.
Consolidated Interim Balance Sheets
Period
First months fiscal 2005 September 2004)
First months fiscal 2004 September 2003) Amount Millions Ratio
Fiscal 2004 March 2004) Amount Millions Ratio
Increase/decrease from year ended March 2004 Amount Millions
Accounts
Amount Millions (Assets)
Ratio
Current assets Cash time deposits Notes accounts recievable trade Securities Inventories Prepaid pension cost Deferred assets Refundable income taxes Other Allowance doubtful notes accounts Total current assets 315,098 111,259 46,625 66,635 4,047 14,211 9,320 567,001 62.7 311,359 98,391 45,408 50,616 4,631 12,709 7,108 529,676 64.6 307,319 92,508 38,681 61,493 4,356 12,425 3,560 10,279 530,121 62.6 7,779 18,751 7,944 5,142 1,786 3,221 36,880
Fixed assets Property, plant equipment Buildings structures Machinery, equipment vehicles Tools furniture Land Construction progress Accumulated depreciation Total tangible fixed assets 153,288 349,852 29,251 54,351 26,792 380,098 233,437 25.8 148,821 321,342 26,537 52,170 14,480 353,516 209,836 25.6 150,281 328,069 27,691 53,968 23,592 365,976 217,627 25.7 3,007 21,783 1,560 3,200 14,122 15,810
Intangible fixed assets
2,253
2,774
2,632
Investments other assets Investment securities Deferred assets Other Allowance doubtful accounts Total investments other assets Total fixed assets Total assets 92,922 6,614 1,802 68,203 7,061 2,360 89,084 5,794 1,835 3,838
101,004 336,695 903,696
11.2 37.3 100.0
77,264 289,875 819,551
35.4 100.0
96,419 316,678 846,799
11.4 37.4 100.0
4,585 20,017 56,897
ROHM CO., LTD.
Period
First months fiscal 2005 September 2004)
First months fiscal 2004 September 2003) Amount Millions Ratio
Fiscal 2004 March 2004) Amount Millions Ratio
Increase/decrease from year ended March 2004 Amount Millions
Accounts
Amount Millions (Liabilities)
Ratio
Current liabilities Notes accounts payable trade Other accounts payable Accrued income taxes Deferred liabilities Other Total current liabilities 26,416 40,882 20,905 12,498 100,936 11.2 20,634 30,512 14,027 13,008 79,015 23,431 42,213 10,400 11,892 88,319 10.5 2,985 1,331 10,505 12,617
Long-term liabilities Deferred liabilities Liability retirement benefits Allowance directors' retirement benefits Total long-term liabilities Total liabilities 36,000 7,423 1,925 45,349 146,286 16.2 27,530 16,514 1,918 45,962 124,978 15.3 32,857 7,404 1,983 42,246 130,566 15.5 3,143 3,103 15,720
(Minority interests)
Minority interests
(Shareholders' equity) Common stock Capital surplus Retained earnings unrealized gain available for-sale securities Foreign currency translation adjustments Treasury stock cost Total shareholders' equity Total liabilities, minority interests shareholders' equity 86,969 102,403 598,338 3,078 11.3 66.2 86,969 102,403 531,329 2,006 10.6 12.5 64.8 86,969 102,403 566,749 2,673 10.3 12.1 66.9 31,589
33,373 757,090 903,696
83.8 100.0
28,096 694,335 819,551
84.7 100.0
42,556 715,938 846,799
84.5 100.0
9,183 41,152 56,897
ROHM CO., LTD.
Consolidated Interim Statements Income
Period
First months fiscal 2005 From April 2004 September 2004
First months fiscal 2004 From April 2003 September 2003 Amount Millions 181,981 99,638 Percentage 100.0 54.8
Increase/decrease from first months fiscal 2004 Amount Millions 18,430 12,304
Fiscal 2004 From April 2003 March 2004 Amount Millions 355,630 194,856 Percentage 100.0 54.8
Accounts
Amount Millions
Percentage 100.0 55.9
sales Cost sales
200,411 111,942
Gross profit
88,469
44.1
82,342
45.2
6,127
160,773
45.2
Selling, general administrative expenses
34,453
17.1
31,701
17.4
2,752
66,266
18.6
Operating income
54,015
27.0
50,641
27.8
3,374
94,507
26.6
Non-operating income Non-operating expenses
5,230
2,011 5,675
3,219 5,125
4,058 6,482
Ordinary income
58,695
29.3
46,977
25.8
11,718
92,083
25.9
Extraordinary gains Extraordinary losses
1,238
1,093
12,812 3,826
Income before income taxes minority interests
58,555
29.2
45,745
25.1
12,810
101,070
28.4
Income taxes current Income taxes deferred Minority interests
22,696
11.3
14,039 4,884
8,657 5,774
26,731 10,537
income
36,733
18.3
26,808
14.7
9,925
63,717
17.9
ROHM CO., LTD.
Consolidated Interim Statements Retained Earnings
Period First months fiscal 2005 From April 2004 September 2004 Accounts Amount Millions (Capital surplus) Capital surplus beginning term Increase capital surplus Decrease capital surplus Capital surplus term 102,403 102,403
First months fiscal 2004 From April 2003 September 2003 Amount Millions
Fiscal 2004 From April 2003 March 2004 Amount Millions
102,403 102,403
102,403 102,403
(Retained earnings) Retained earnings beginning term Increase retained earnings income Decrease retained earnings Cash dividends Bonuses directors Reserve Employees' welfare fund Decrease retained earnings decrease affiliate Retained earnings term 5,048 1,484 2,969 36,733 26,808 63,717 566,749 506,100 506,100
598,338
531,329
566,749
ROHM CO., LTD.
Consolidated Interim Statements Cash Flows
Period First months fiscal 2005 From April 2004 September 2004 Amount Millions 58,555 21,200 1,362 3,340 17,155 4,171 3,165 5,431 62,950 1,035 1,383 8,503 56,866 First months fiscal 2004 From April 2003 September 2003 Amount Millions 45,745 21,526 1,187 3,326 15,691 3,589 4,189 61,481 1,273 28,366 34,388 Increase/ Fiscal 2004 Decrease from first months From April 2003 fiscal 2004 March 2004 Amount Millions 12,810 6,666 1,464 4,310 1,242 1,469 1,383 19,863 22,478 Amount Millions 101,070 45,868 2,370 2,015 1,837 8,977 10,822 12,142 6,604 4,448 123,873 2,569 48,077 78,365
Accounts Operating Activities Income before income taxes minority interests Depreciation amortization Amortization goodwill Interest dividends income Foreign currency exchange losses gains) Compensation expropriation Increase decrease) liability retirement benefits Decrease increase) notes accounts receivables trade Decrease increase) inventories Increase decrease) notes accounts payables trade Other Sub-total Interest dividends received Compensation expropriation received Income taxes refunded paid) cash provided operating activities Investing Activities Decrease increase) time deposits Purchases securities investment securities Proceeds from sales repayments securities investment securities Purchases property, plant equipment Other cash used investing activities Financing Activities Dividends paid Other cash used financing activities Effect Exchange Rate Changes Cash Cash Equivalents Increase decrease) Cash Cash Equivalents
8,110 32,528 18,124 37,786 43,515
3,541 25,168 18,227 20,130 23,335
4,569 7,360 17,656 20,180
4,782 62,585 39,270
45,221 1,180 72,136
5,048 5,074 7,013
1,484 1,519 9,934
3,564 3,555 16,947
3,028 15,171
15,290 310,578 325,868
322,549 322,147
15,692 11,971 3,721
11,971 322,549 310,578
Cash Cash Equivalents Beginning Term Cash Cash Equivalents Term
(Note) Breakdown Cash cash equivalents term" follows: (First months fiscal 2005) 304,832 million 21,036 325,868 (First months fiscal 2004) 301,119 million 21,027 322,147 (Increase/decrease) 3,713 million 3,721 (Fiscal 2004) 289,546 million 21,032 310,578
Cash time deposits Securities Total cash cash equivalents
ROHM CO., LTD. [Basis Presenting Consolidated Interim Financial Statements] Scope consolidation Number consolidated subsidiaries: Names consolidated subsidiaries Consolidated subsidiaries listed "Information Consolidated Subsidiaries" section "Status ROHM GROUP." Application equity method Number unconsolidated subsidiaries accounted equity method: Number associated companies accounted equity method: Interim accounting date consolidated subsidiaries interim accounting date ROHM ELECTRONICS DALIAN CO., LTD. other consolidated subsidiaries June which differs from that ROHM CO., LTD. September Accounting standards Valuation basis method significant assets Securities Marketable securities classified available-for-sale securities reported fair value (based market prices interim accounting date, like), with unrealized gains losses directly included shareholders' equity. cost available-for-sale securities sold principally determined based moving average method. Non-marketable securities stated cost determined moving average method. (ii) Inventories Inventories stated principally cost determined average method. Depreciation significant tangible fixed assets Depreciation tangible fixed assets computed principally declining-balance method, while straight-line method applied buildings (excluding building improvements) acquired ROHM Co., Ltd. domestic consolidated subsidiaries after April 1998. Accounting significant allowances allowance doubtful accounts provided estimated amount past actual ratio losses debts. Certain allowance provided estimated uncollectible receivables. (ii) Liability retirement benefits stated amount calculated based retirement benefit obligation fair value plan assets current fiscal year. (iii) ROHM Co., Ltd. certain domestic consolidated subsidiaries, retirement benefits directors corporate auditors provided amount which would required directors corporate auditors retired interim accounting date based internal rules. Basis translation significant foreign currency assets liabilities Monetary receivables payables denominated foreign currencies translated into Japanese current exchange rates interim accounting date. foreign exchange gains losses from translation recognized income statement extent that they hedged forward exchange contracts. balance sheet accounts overseas consolidated subsidiaries like translated into Japanese current exchange rates interim accounting dates such subsidiaries like. Revenue expense accounts overseas subsidiaries like translated into Japanese average interim annual exchange rates. Differences arising from such translation included "Minority Interests," well "Foreign currency translation adjustments" separate component shareholders' equity. Significant lease transactions Finance lease transactions, other than those that deemed transfer ownership leased property lessee, accounted operating lease transactions. Significant hedge accounting Foreign exchange forward contracts used hedge accounting. Others Consumption transactions recorded consumption taxes. Cash cash equivalents consolidated interim statements cash flows Cash cash equivalents consist cash hand, cash banks that withdrawn time, shortterm investments with maturity three months less when purchased, which easily converted cash subject little risk change value.
ROHM CO., LTD. [Notes] (Notes Consolidated Interim Statements Income)
Six-month period ended Sept. 2004 Non-operating income Interest income Foreign currency exchange gains Non-operating expenses Foreign currency exchange losses Extraordinary gain Gain transfer substitutional portion governmental pension program Compensation expropriation Extraordinary loss Loss sale/disposal fixed assets Loss transfer defined contribution pension plan 1,336 million 3,237 Six-month period ended Sept. 2003 1,170million Year ended Mar. 2004 2,341 million
5,195
5,529
10,900 1,837
1,238
1,620 2,205
[Segment information] Industry segments Group's main operations manufacturing sales electronic components. sales operating income Group's main industry segment constituted more than consolidated totals six-month periods ended September 2003 2004 year ended March 2004, consequently disclosure industry segment information been omitted.
Geographical segments
First months fiscal 2005 (From April 2004 September 2004) Japan Sales Sales customers Interarea transfer Total sales Operating expenses Operating income Asia Americas Europe Total (Millions yen) EliminaConsolitions/ dated Corporate 89,085) 89,085) 88,316) 769) 200,411 200,411 146,395 54,015
86,452 30,627 117,080 92,270 24,809
95,700 58,093 153,794 123,752 30,042
7,515 7,626 8,004
10,743 10,995 10,683
200,411 89,085 289,496 234,711 54,784
First months fiscal 2004 (From April 2003 September 2003) Japan Sales Sales customers Interarea transfer Total sales Operating expenses Operating income Asia Americas Europe Total
(Millions yen) EliminaConsolitions/ dated Corporate 78,680) 78,680) 78,612) 181,981 181,981 131,339 50,641
81,110 26,804 107,914 86,176 21,737
83,146 51,563 134,709 106,333 28,376
7,223 7,346 7,249
10,500 10,690 10,192
181,981 78,680 260,661 209,952 50,709
Fiscal 2004 (From April 2003 March 2004) Japan Asia Americas Europe Total
(Millions yen) EliminaConsolitions/ dated Corporate 160,876) 160,876) 160,137) 738) 355,630 355,630 261,122 94,507
Sales Sales customers 158,765 161,086 14,087 21,690 355,630 Interarea transfer 53,200 107,033 160,876 Total sales 211,966 268,120 14,323 22,096 516,506 Operating expenses 172,891 212,321 14,906 21,140 421,260 Operating income 39,074 55,799 95,246 (Notes) Countries areas segmented based their geographical proximity. Major countries areas which belong segments other than Japan follows: Asia Hong Kong, Singapore, Taiwan Americas United States Europe Germany
ROHM CO., LTD.
Unallocable operating expenses included "Eliminations/Corporate" shown below. Unallocable operating expenses consist primarily expenses relating administrative division headquarters Company. First months fiscal 2005 2,142 million First months fiscal 2004 Fiscal 2004 1,264 2,946
Sales foreign customers
First months fiscal 2005 (From April 2004 September 2004) Asia Americas Sales foreign customers 96,603 7,905 (Millions yen) Total 114,639 200,411 48.2 57.2 (Millions yen) Total 102,017 181,981 46.4 56.1 (Millions yen) Total 198,867 355,630
Europe 10,130
sales Sales foreign customers percentage sales
First months fiscal 2004 (From April 2003 September 2003) Asia Americas Sales foreign customers 84,399 7,582
Europe 10,034
sales Sales foreign customers percentage sales
Fiscal 2004 (From April 2003 March 2004) Asia Sales foreign customers 163,457
Americas 14,811
Europe 20,597
sales
Sales foreign customers 46.0 55.9 percentage sales (Notes) Countries areas segmented based their geographical proximity. Major countries areas which belong segments other than Japan follows: Asia Hong Kong, Singapore, Taiwan Americas United States Europe Germany Sales foreign customers consist export sales Company domestic consolidated subsidiaries sales (other than exports Japan) overseas consolidated subsidiaries.
[Leases] Finance leases that transfer ownership leased property lessee forma information acquisition cost, accumulated depreciation book value leased property
Six-month period ended Sept. 2004 Tools, furniture other million Six-month period ended Sept. 2003 Tools, furniture other million Year ended Mar. 2004 Tools, furniture other million
Acquisition cost Accumulated depreciation leased property
forma obligations under finance leases
within year after year Total
Lease payments depreciation leased property
Lease payments Depreciation
Depreciation leased property calculated straight-line method over respective lease terms regarded being useful life, with residual value zero.
ROHM CO., LTD. Acquisition cost forma obligations under finance leases presented above calculated prior deduction portions attributable interest expense, term-end balance obligations accounts only small percentage term-end tangible fixed assets. [Debt equity securities] First months fiscal 2005 September 2004) Marketable available-for-sale securities
(Millions yen) Classification Equity securities Government corporate bonds Other Total Acquisition cost 8,311 103,560 21,005 132,877 Amount consolidated interim balance sheet 13,520 104,187 21,053 138,762 Difference 5,209 5,884
Major securities whose fair value readily determinable
Available-for-sale securities Unlisted equity securities (Excluding over-thecounter securities) million
First months fiscal 2004 September 2003) Marketable available-for-sale securities
(Millions yen) Classification Equity securities Government corporate bonds Other Total Acquisition cost 2,843 85,449 21,005 109,298 Amount consolidated interim balance sheet 6,120 85,513 21,027 112,661 Difference 3,277 3,362
Major securities whose fair value readily determinable
Available-for-sale securities Unlisted equity securities (Excluding over-thecounter securities) million
Fiscal 2004 March 2004) Marketable available-for-sale securities
(Millions yen) Classification Equity securities Government corporate bonds Other Total Acquisition cost 2,976 98,463 21,005 122,445 Amount consolidated interim balance sheet 7,348 98,520 21,075 126,943 Difference 4,371 4,498
Major securities whose fair value readily determinable
Available-for-sale securities Unlisted equity securities (Excluding over-thecounter securities) million
ROHM CO., LTD. [Derivatives] First months fiscal 2005 (From April 2004 September 2004) Currency derivatives disclosed because hedge accounting adopted. First months fiscal 2004 (From April 2003 September 2003) Currency derivatives disclosed because hedge accounting adopted. Fiscal 2004 (From April 2003 March 2004) Currency derivatives disclosed because hedge accounting adopted.
Production, Orders Received Sales
(1)Actual production
(Millions yen) Period First months fiscal First months fiscal Increase/Decrease 2005 2004 from first months From April 2004 From April 2003 fiscal 2004 September 2004 September 2003 85,287 79,885 12,435 80,344 69,110 11,998 4,943 10,775 Fiscal 2004 From April 2003 March 2004 156,154 143,353 25,212
Electronic Components
Product category Integrated circuits Discrete semiconductor devices Passive components
25,471 18,567 6,904 37,268 Displays Total 203,079 180,021 23,058 361,989 (Notes) amounts above calculated based average sales prices each accounting period exclusive consumption like. Major products included each category follows: Product category Major products Electronic Components Integrated circuits Discrete semiconductor devices Passive components Displays Monolithic ICs, Power Modules, Photo Link Modules Transistors, Diodes, Light Emitting Diodes, Laser Diodes Resistors, Capacitors Liquid Crystal Displays, Thermal Heads, Image Sensor Heads, Displays, CMOS Camera Modules, Others
(2)Orders
(Millions yen) Period First months fiscal First months fiscal Increase/Decrease 2005 2004 from first months From April 2004 From April 2003 fiscal 2004 September 2004 September 2003 Product Orders Order Orders Order Orders Order category received backlog received backlog received backlog Integrated 82,328 20,506 80,985 20,696 1,343 circuits Discrete 74,814 19,295 70,320 17,242 4,494 2,053 semiconductor devices Passive 12,009 3,080 12,242 3,158 components Electronic Components Displays Total 24,043 193,196 7,473 50,355 19,858 183,407 7,204 48,302 4,185 9,789 2,053 Fiscal 2004 From April 2003 March 2004 Orders Order received backlog 158,786 143,881 25,019 38,638 366,326 25,006 20,987 3,516 8,060 57,571
ROHM CO., LTD. (3)Actual sales
Actual sales product category (domestic) Period First months fiscal First months fiscal Increase/Decrease 2005 2004 from first months From April 2004 From April 2003 fiscal 2004 September 2004 September 2003 Increase/ Domestic Domestic Product Sales Decrease Sales Sales ratio ratio category ratio Electronic Components Integrated circuits Discrete semiconductor devices Passive components Displays Total 42,431 28,118 4,367 10,854 85,772 48.9% 36.8 35.1 44.1 42.8 41,476 26,554 4,236 7,694 79,963 50.6% 38.4 34.8 41.3 43.9 1,564 3,160 5,809 2.3% 41.1 (Millions yen) Fiscal 2004 From April 2003 March 2004 Sales 78,902 54,591 8,593 14,675 156,762 Domestic ratio 50.8% 39.3 34.9 40.1 44.1
Actual sales product category (overseas) Period First months fiscal First months fiscal Increase/Decrease 2005 2004 from first months From April 2004 From April 2003 fiscal 2004 September 2004 September 2003 Product category Integrated circuits Discrete semiconductor devices Electronic Components Passive components Displays Total Sales 44,397 48,388 8,078 13,775 114,639 Overseas ratio 51.1% 63.2 64.9 55.9 57.2 Sales 40,478 42,638 7,946 10,954 102,017 Overseas ratio 49.4% 61.6 65.2 58.7 56.1 Sales 3,919 5,750 2,821 12,622 Increase/ Decrease ratio 9.7% 13.5 25.8 12.4
(Millions yen) Fiscal 2004 From April 2003 March 2004 Sales 76,544 84,417 16,007 21,897 198,867 Overseas ratio 49.2% 60.7 65.1 59.9 55.9
Actual sales product category (total)
Period First months fiscal First months fiscal Increase/Decrease 2005 2004 from first months From April 2004 From April 2003 fiscal 2004 September 2004 September 2003 Sales percentage sales 43.3% 38.2 12.3 100.0 Sales percentage sales 45.0% 38.0 10.3 100.0 Sales Increase/ Decrease ratio 5.9% 10.6 32.1 10.1
(Millions yen)
Fiscal 2004 From April 2003 March 2004 Sales percentage sales 43.7% 39.1 10.3 100.0
Electronic Components
Product category Integrated circuits Discrete semiconductor devices Passive components Displays Total
Sales 86,828 76,506 12,445 24,630 200,411
Sales 81,955 69,193 12,183 18,649 181,981
Sales 155,446 139,009 24,601 36,573 355,630
4,873 7,313 5,981 18,430
Summarized Non-consolidated Interim Financial Statements Fiscal Year Ending March 2005
November 2004
Listed Company Name
ROHM CO., LTD.
Stock Exchange Listings Tokyo, Osaka Head Office Location Kyoto Prefecture
Code No.: 6963 (URL http://www.rohm.co.jp) Company representative Title: President Name: Sato Contact person Title: Director, Administration Headquarters Name: Nobuo Hatta
Date Board Directors meeting approval financial statements: November 2004 Date commencement interim dividend payment: December 2004
(075) 2121
Existence interim dividend system: Adoption trading unit system: unit: shares)
Business Results Six-month Period Ended September 2004 (From April 2004 September 2004) Results Operations (Figures rounded down nearest million yen)
sales Millions months ended September 2004 months ended September 2003 Year ended March 2004 Operating income Millions Ordinary income Millions
186,105 164,402 331,249
income Millions
13.2 -2.5
22,031 19,139 33,218
15.1 -40.0
50,842 25,753 38,211
97.4 -15.3
Basic income share
months ended September 2004 months ended September 2003 Year ended March 2004
38,194 19,284 29,342
98.1
321.56 162.35 246.65
(Notes) Average number shares outstanding months ended Sept. 2004: 118,780,714 shares months ended Sept. 2003: 118,784,750 shares Year ended Mar. 2004: 118,783,647 shares (ii) Change accounting policies: None (iii) Percentage shown sales, Operating income, Ordinary income income represents change from data corresponding period previous year.
Dividend Information
Interim dividends share months ended September 2004 months ended September 2003 Year ended March 2004 Annual dividends share
42.50 12.50
55.00
Financial Position
Total assets Millions months ended September 2004 Shareholders' equity Millions Shareholders' equity ratio Shareholders' equity share
655,125
531,075
81.1
4,471.10 4,110.40 4,187.61
months ended 589,112 488,247 82.9 September 2003 Year ended March 2004 607,152 497,456 81.9 (Notes) Number shares outstanding term months ended Sept. 2004: 118,779,579 shares months ended Sept. 2003: 118,783,479 shares Year ended Mar. 2004: 118,781,637 shares (ii) Number treasury stock term months ended Sept. 2004: 21,809 shares months ended Sept. 2003: 17,909 shares Year ended Mar. 2004: 19,751 shares
Business Results Forecast Fiscal 2005 (From April 2004 March 2005)
sales Millions Fiscal 2005 Ordinary income Millions income Annual dividends share fiscal year Millions
354,000
59,000
43,000
42.50
85.00
(Note) Projected income share year ending March 2005: 362.01 forecast data based information available time release this report. Therefore, number important factors including changes business conditions cause actual results differ materially from those discussed prospective statements. Refer pages attached documents reasons forecast other relevant information.
ROHM CO., LTD.
Non-consolidated Interim Balance Sheets
Period
First months fiscal 2005 September 2004)
First months fiscal 2004 September 2003) Amount Millions Ratio
Fiscal 2004 March 2004) Amount Millions Ratio
Increase/decrease from year ended March 2004 Amount Millions
Accounts
Amount Millions (Assets)
Ratio
Current assets Cash time deposits Notes receivable trade Accounts receivable trade Securities Inventories Prepaid pension cost Deferred assets Sundry receivables Refundable income taxes Other Allowance doubtful notes accounts Total current assets 157,693 2,456 99,614 44,727 24,453 9,358 37,641 18,035 394,163 60.2 132,412 4,147 86,831 43,262 19,664 7,372 30,605 20,497 344,943 58.6 136,772 2,775 91,096 33,804 22,584 7,024 38,078 3,550 16,451 352,246 58.0 20,921 8,518 10,923 1,869 2,334 3,550 1,584 41,917
Fixed assets
Property, plant equipment Buildings Machinery equipment Land Other Total tangible fixed assets 21,211 9,001 34,995 12,835 78,043 11.9 22,376 6,853 35,102 7,096 71,428 12.1 22,048 8,361 34,995 10,871 76,276 12.6 1,964 1,767
Intangible fixed assets
1,177
1,042
Investments other assets Investment securities Long-term loans receivable Deferred assets Other Allowance doubtful accounts Total investments other assets Total fixed assets Total assets 136,367 38,913 6,138 121,074 41,436 8,489 134,332 35,982 6,714 2,035 2,931
181,934 260,962 655,125
27.8 39.8 100.0
171,562 244,168 589,112
29.1 41.4 100.0
177,586 254,905 607,152
29.2 42.0 100.0
4,348 6,057 47,973
ROHM CO., LTD.
Period
First months fiscal 2005 September 2004)
First months fiscal 2004 September 2003) Amount Millions Ratio
Fiscal 2004 March 2004) Amount Millions Ratio
Increase/decrease from year ended March 2004 Amount Millions
Accounts
Amount Millions (Liabilities)
Ratio
Current liabilities Accounts payable trade Other accounts payable Accrued income taxes Other Total current liabilities 73,915 26,972 12,517 5,725 119,131 18.2 61,859 20,518 3,720 6,079 92,176 15.6 68,844 30,190 5,695 104,730 17.3 5,071 3,218 12,517 14,401
Long-term liabilities Liability retirement benefits Allowance directors' retirement benefits Total long-term liabilities Total liabilities 3,472 1,446 4,918 124,049 18.9 7,313 1,374 8,687 100,864 17.1 3,553 1,412 4,966 109,696 18.1 14,353
(Shareholders' equity)
Common stock Capital surplus Capital surplus Total capital surplus Retained earnings Legal reserve General reserve Unappropriated retained earnings Total retained earnings unrealized gain available-for-sale securities Treasury stock cost Total shareholders' equity Total liabilities shareholders' equity
86,969
13.3
86,969
14.8
86,969
14.3
97,253 97,253 14.8
97,253 97,253 16.5
97,253 97,253 16.0
2,464 283,121 58,483 344,069 3,109 531,075 655,125 52.5 81.1 100.0
2,464 277,615 22,314 302,394 1,907 488,247 589,112 51.3 82.9 100.0
2,464 277,615 30,887 310,968 2,566 497,456 607,152 51.2 81.9 100.0
5,506 27,596 33,101 33,619 47,973
ROHM CO., LTD.
Non-consolidated Interim Statements Income
Period
First months fiscal 2005 From April 2004 September 2004
First months fiscal 2004 From April 2003 September 2003 Amount Millions 164,402 121,648 Percentage 100.0 74.0
Increase/decrease from first months fiscal 2004 Amount Millions 21,703 16,315
Fiscal 2004 From April 2003 March 2004 Amount Millions 331,249 247,784 Percentage 100.0 74.8
Accounts
Amount Millions
Percentage 100.0 74.1
sales Cost sales
186,105 137,963
Gross profit
48,142
25.9
42,754
26.0
5,388
83,464
25.2
Selling, general administrative expenses
26,111
14.1
23,614
14.4
2,497
50,246
15.2
Operating income
22,031
11.8
19,139
11.6
2,892
33,218
10.0
Non-operating income Non-operating expenses
29,225
15.7
11,383 4,769
17,842 4,356
12,981 7,987
Ordinary income
50,842
27.3
25,753
15.7
25,089
38,211
11.5
Extraordinary gains Extraordinary losses
1,251
1,216
5,559 2,762
Income before income taxes
51,234
27.5
24,633
15.0
26,601
41,009
12.4
Income taxes current Income taxes deferred
15,168 2,128
4,841
10,327 2,635
9,486 2,180
income Unappropriated retained earnings brought forward from previous year Interim dividends
38,194
20.5
19,284
11.7
18,910
29,342
20,288
3,029
17,259
3,029
1,484
Unappropriated retained earnings
58,483
22,314
36,169
30,887
ROHM CO., LTD. [Basis Presenting Interim Financial Statements] Valuation basis method assets Securities Investment securities subsidiaries associated companies stated cost determined moving average method. Marketable securities classified available-for-sale securities reported fair value (based market prices interim accounting date, like), with unrealized gains losses directly included shareholders' equity. cost available-for-sale securities sold principally determined based moving average method. Non-marketable securities stated cost determined moving average method. Inventories Finished products, semi-finished products, materials work process stated cost determined average method. Supplies stated cost determined last purchase method. Depreciation fixed assets Depreciation tangible fixed assets computed declining-balance method, while straight-line method applied buildings (excluding building improvements) acquired after April 1998. Depreciation intangible fixed assets computed straight-line method. Accounting allowances allowance doubtful accounts provided estimated amount past actual ratio losses debts. Certain allowance provided estimated uncollectible receivables. Liability retirement benefits stated amount calculated based retirement benefit obligation fair value plan assets current fiscal year. Retirement benefits directors corporate auditors provided amount that would required directors corporate auditors retired interim accounting date based internal rules. Basis translation foreign currency assets liabilities Monetary receivables payables denominated foreign currencies translated into Japanese current exchange rates interim accounting date. foreign exchange gains losses from translation recognized income statement extent that they hedged forward exchange contracts. Lease transactions Finance lease transactions, other than those that deemed transfer ownership leased property lessee, accounted operating lease transactions. Hedge accounting Foreign exchange forward contracts used hedge accounting. Others Consumption transactions recorded consumption taxes.
[Notes] (Notes non-consolidated interim balance sheets) Accumulated depreciation tangible fixed assets
Six-month period ended Sept. 2004 105,131 million Six-month period ended Sept. 2003 101,581 million Year ended Mar. 2004 104,326 million
(Notes non-consolidated interim statements income)
Six-month period ended Sept. 2004 Non-operating income Interest income (including interest securities) Dividend income Foreign currency exchange gains Non-operating expenses Foreign currency exchange losses 4,217 7,074 Six-month period ended Sept. 2003 Year ended Mar. 2004
million
23,892 3,139
million 9,882
1,593 million 9,894
ROHM CO., LTD.
Six-month period ended Sept. 2004 Extraordinary gains Gain transfer substitutional portion governmental pension program Extraordinary losses Losses sale/disposal fixed assets Loss transfer defined contribution pension plan 1,251 1,250 1,511 Six-month period ended Sept. 2003 Year ended Mar. 2004
million
million
5,116 million
[Leases] Finance leases that transfer ownership leased property lessee forma information acquisition cost, accumulated depreciation book value leased property
Six-month period ended Sept. 2004 Other tangible fixed assets Acquisition cost Accumulated depreciation leased property million Six-month period ended Sept. 2003 Other tangible fixed assets million Year ended Mar. 2004 Other tangible fixed assets million
forma obligations under finance leases
within year after year Total
Lease payments depreciation leased property
Lease payments Depreciation
Depreciation leased property calculated straight-line method over respective lease terms regarded being useful life, with residual value zero. Acquisition cost forma obligations under finance leases presented above calculated prior deduction portions attributable interest expense, term-end balance obligation accounts only small percentage term-end tangible fixed assets.

Consolidated Financial Results (Figures rounded down nearest mill

Top Searches for this datasheet

Other recent searches