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FY15 2nd Quarter Financial ResultsFY15 2nd Quarter Financial Results
October 26, 2015Hitachi High-Technologies Corporation
President and Chief Executive Officer Masahiro MiyazakiVice President and Executive Officer Shunichi Uno
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved.
Vice President and Executive Officer Shunichi Uno
Contents
FY15 2nd Quarter Financial Results
1. Outline of FY15 Q1-Q2
2. Management Policy
3. FY15 Outlook
4 Reference4. Reference
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 2
1 Outline of FY15 Q1-Q21. Outline of FY15 Q1-Q2Note: YY/M denotes the year and month of the accounting period-end
(e) denotes the previous forecast (July 2015)(e) denotes the previous forecast (July 2015)
*Hitachi High Technologies Corporation has applied International Financial Reporting Standards (IFRS)*Hitachi High-Technologies Corporation has applied International Financial Reporting Standards (IFRS), starting with the consolidated financial statements in its annual securities report for the year ended March 31, 2015 (FY14)
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 3
Outline of FY15 Q1-Q2 (Highlights)
FY15 1H ResultsIncrease / Decrease
vs. Previous Forecast
RatioIncrease / Decrease
YoY
Ratio
(100 million yen)
Revenues 3,141
EBIT 221
+130
3
+41
+31
+4% +1%
EBIT
Income before Income Taxes
221
223
-3
-3 +31
+31-1%
-2% +16%
+16%
Net Income 169 +0 +30
Net Income123 09 yen +0 26 yen +22 02 yen
+0% +22%
per Share 123.09 yen +0.26 yen
Cash Dividendper Share 25.00 yen +5.00 yen ±0.00 yen
+22.02 yen
FCF +21 -82 -33
Notes: ・Previous forecast (July 2015)・Exchange rate: 1USD=122 yen 1EUR=135 yen
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved.
Exchange rate: 1USD=122 yen, 1EUR=135 yen・EBIT (Earnings before interest and taxes): Earnings after the subtraction of interest income and interest expense from
income before income taxes
4
Outline of FY15 Q1-Q2 (Revenues and EBIT by Segments)
Revenues EBITRevenues EBIT
YoYFY15 1H Results FY14 1H Results
Revenues EBIT Revenues EBIT
FY15 1H Outlook(e)(100 million yen)
522 102547 74 +5% -27
e e ues
535 68
Revenues EBIT
Electronic Device
Systems
45 058 2 +29% +2 64 2Fine
Technology Systems
Science &
y
799
385
130
2
854
394
139
2
+7%
+2%
+9
0
814
378
119
4
Science & Medical Systems
Industrial &385
1,286
-2
10
394
1,313
-2
18
+2%
+2%
-0
+8
378
1,338
-4
14
IT Systems
Advanced IndustrialP d t
3,011 2253,141 221
+4% -33,100 191
(3,129) (221) (-0)(+0%)
Products
Total
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 5
Notes: ・Elimination such as subtractions in intersegment transactions, etc., are included in the totals・In the row for Total, figures in parentheses include the performance of discontinued operations
Outline of FY15 Q1-Q2 (Explanation of Deviations)
vs. Previous Forecast (July 2015)
Revenues (310 Ybn → 314.1 Ybn +4.1 Ybn)( )
Electronic Device Systems:
Increased 1.2 Ybn due mainly to sales growth of servicing and components of process equipment for U.S. customers
Science & MedicalSystems:
Increased 4.0 Ybn due to sales growth of clinical analyzer for the Chinese market
Industrial & IT Increased 1 6 Ybn due mainly to sales growth of automotive HDDSystems:
Increased 1.6 Ybn due mainly to sales growth of automotive HDD
Advanced IndustrialProducts:
Decreased 2.5 Ybn due mainly to a sag in construction machinery demand from falling resource prices
EBIT (19.1 Ybn → 22.1 Ybn +3.1 Ybn)El t i D iElectronic Device Systems:
Increased 0.6 Ybn for the same reason as revenues
Science & MedicalS t
Increased 2.0 Ybn for the same reason as revenues
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 6
Systems:
Outline of FY15 Q1-Q2 (Statement of Financial Position in Summary)
Current Assets 3,936 -148 Current Liabilities 1,607 -275
As of end of September 2015 (100 million yen)vs. 15/3 vs. 15/3
Cash and Cash Equivalents 1,524 -15 Trade Payables 1,049 -167
Trade Receivables 1,363 -3 Others 558 -108
Inventories 922 +15 Non-Current Liabilities 468 +0
Others 127 -145Retirement and severance benefits 440 +1
Non-Current Assets 1,292 +9 Others 28 -0
Property, Plant and Equipment 723 +6 Equity 3,152 +135
E it tt ib t bl tIntangible Assets 127 -5Equity attributable to owners of the parent 3,149 +135
Others 442 +9 Non-controlling interests 3 -0
Total Assets 5,228 -139Total Liabilities & Shareholder Equity 5,228 -139
Note: Shareholder Equity per Share: 2,289.65 yen (vs.15/3 +98.33yen)
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 7
q y p y ( y )
Outline of FY15 Q1-Q2 (Statement of Cash Flows)
Cash Flow from Operating Activities -49 Cash Flow from Financing Activities -36
15/1H 15/1H(100 million yen)
Net Income +169 Dividends Paid -35
Depreciation and Amortization +52 Others -1
Working Fund -207 Effect of Exchange Rate Changes +0
Income Tax Expense and Refund -97
Others +34
Cash Flow from Investing Activities +70 15/1HCas o o est g ct t es +70
Proceeds from Sale / Purchase of Investments inSecurities and Other Financial Assets -6
Proceeds from Sale / Purchase of 53
Cash and Cash Equivalents
At th B i i f Y 1 539
15/1H
Property, Plant, Equipment and Intangible Assets -53
Others +129
At the Beginning of Year 1,539
Net Increase (Decrease) -15
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved.
Free Cash Flow +21
8
At the End of Term 1,524
2 Management Policy2. Management Policy
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 9
Business Domains
Biotechnology and HealthcareBiotechnology and Healthcare
Cutting-edge and frontlineGlobal customers and markets
Invest intensively in this top priority field
■ Expand existing businesses and actively develop new fields and new businesses I it di ti Bi t h l Lif i i f ti
AdvancedIndustrial Systems
AdvancedIndustrial Systems
Biotechnology and HealthcareBiotechnology and Healthcare
this top priority field
Social and IndustrialInfrastructure
Social and IndustrialInfrastructure
In vitro diagnostics, Biotechnology, Life sciences informatics
Social and Industrial
I f t t
Social and Industrial
I f t t
Strengthen as the Company’s core competenceInfrastructureInfrastructure
■ Make further use of infrastructure solutionsScientific systems and trading business underpinning industry
core competence
AdvancedIndustrialAdvancedIndustrial
and society at large, social infrastructure business, narrowly defined as renewable energy and certain other fieldsProvide high-tech solutions
Core competenceB i ti ti
Enhance profitability th h l ti dIndustrial
SystemsIndustrial Systems
■ Specialize in cutting-edge, growing domains
Business creation expertise
Global sales and Procurement capabilities
Technology development, manufacturing and service capabilities
through selection and concentration
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 10
Focus on: Semiconductor Metrology and Inspection Equipment, Process Equipment
Withdraw from: Chip mounter, Bonder
(Trading Functions) (Manufacturing Functions)
Management Policy
1.Strengthen business portfolio by shifting resources to growth fields
2Accelerate global growth strategies based on business fields and local characteristics
2.
3Strengthen business creation capabilities from the customers’ perspective
3.
Operate autonomous and decentralized organizations predicated on
“Challenge to Change”
prioritizing the best interests of the entire Group
Develop highly specialized solutions businesses that respond in detailto individual customer needs
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 11
to individual customer needs
3 FY15 O tl k3. FY15 OutlookNote: YY/M denotes the year and month of the accounting period end
(e) denotes the previous forecast (April 2015)(e1) denotes the current forecast (October 2015)(e1) denotes the current forecast (October 2015)
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 12
FY15 Outlook (Highlight)
FY15 Outlook(e1)Increase / Decrease
vs. Previous Forecast
RatioIncrease / Decrease
YoY
Ratio
(100 million yen)
Revenues 6,400
EBIT 420
-370
38
-5%
8%
+204
28
+3%
△6%
Increase / Decrease RatioIncrease / Decrease Ratio
EBITIncome before Income Taxes
420
425 -35
-38
-8%
-8%
-27
-28
△6%
△6%
Net Income 324 -20
Net Incomeper Share 235.58 yen -14.54 yen
-6%+13
+9.50 yen
+4%
pCash Dividend
per Share 55.00 yen ±0.00 yen
ROE 10 3% -0 2%
+10.00 yen
-0 6%ROE 10.3%
FCF +160 ±0
0.2%
-91
-0.6%
Notes: ・ Previous forecast (April 2015)
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 13
Notes: Previous forecast (April 2015)・ FX rate estimate: 1USD=115 yen, 1EUR=130 yen
FY15 Outlook (Revenues and EBIT by Segments)
Revenues EBITRevenues EBIT
YoYFY15 Outlook (e1) FY14 Results
Revenues EBIT Revenues EBIT
FY15 Outlook (e)(100 million yen)
Electronic Device Systems
1,059 1741,059 151 -0% -23 1,138 198
Fine Technology
Systems
Science &
114 7163 4 +44% -3 161 5
Science & Medical Systems
Industrial &
1,643
849
261
2
1,720
841
233
7
+5%
-1%
-28
+6
1,681
864
231
11IT Systems
Advanced IndustrialProducts
849
2,581
2
22
841
2,700
7
33
-1%
+5%
+6
+11
864
2,960
11
42Products
6,196 4486,400 420Total
+3% -286,770 458
( 6,383 ) ( 434 ) (-14)(+0%)
Notes: ・Elimination such as subtractions in intersegment transactions etc are included in the totals
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved.
Notes: ・Elimination such as subtractions in intersegment transactions, etc., are included in the totals・In the row for Total, figures in parentheses include the performance of discontinued operations・Hitachi High-Tech Group has transitioned in part from a defined benefit pension plan to a defined contribution pension plan. Subsequent impacts have been factored in the earnings outlook.
14
FY15 Outlook (Explanation of Deviations)
vs. Previous Forecast (April 2015)
Electronic Device Systems:
Decreased 7.9 Ybn due mainly to sales declining as a result of major semiconductor manufacturing equipment customers
Revenues (677 Ybn → 640 Ybn -37 Ybn)
Systems: j gpostponing investments
Science & MedicalSystems:
Increased 3.9 Ybn due mainly to sales growth of clinical analyzer for the Chinese market
■
Advanced IndustrialProducts:
Decreased 26 Ybn due mainly to a sag in construction machinery demand from falling resource prices
Electronic Device D d 4 8 Yb f th R
EBIT (45.8 Ybn → 42 Ybn -3.8 Ybn)
Electronic Device Systems:
Decreased 4.8 Ybn for the same reason as Revenues
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 15
FY15 Outlook (Electronic Device Systems)
Business Environment
■Investments in the next-generation MPU mass production process have been postponed
Revenues Trend
(100 million yen)
1,400
1 059*
YoY *
±0%
production process have been postponed■Investments planned for logic devices are slowing
with sluggish growth in the smartphone market■Investments for memory chips (DRAM, 3D-NAND)
are proceeding as planned
Back-end &Assembly Equip.
(187)1,059
1,059*
+7%
1,138
are proceeding as planned
■Orders are recovering, although revenues have declined 7% compared to initial forecasts with
Metrology &Inspection E i
Status of Progress and Future Actions
514 613 549
700
+7% declined 7% compared to initial forecasts with certain customers postponing investments
■Maximized value to customers by providing solutions formultiple exposure and three-dimensional structures
E h d th li b d l tf
Equip.
506545 522 -7%
・ Enhanced the lineup based on platformsOctober: Launched sales of Advanced High Resolution CD-SEM
CG6300 in response to development and mass production of advanced devices
■Promoted development in close contact with
ProcessEquip.
0 15/3 16/3(e) 16/3(e1)
■Promoted development in close contact with customers at overseas engineering sites (U.S. and Taiwan)
■Deployed core technologies in the IoT, automotive, power device and other new fields and peripheral
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 16
* Excludes Back-end Assembly Equip.power device and other new fields and peripheral markets
FY15 Outlook (Fine Technology Systems)
Status of Progress and Future Actions
■Social infrastructure inspection business・Railway inspection
Revenues Trend
(100 million yen)
200
・Railway inspectionExpanded business mainly by promoting of railway inspection equipment mounted in operating rolling stock, developing overseas business and enhancing the lineup of products for inspecting peripheral
+44%
YoY
161 163
the lineup of products for inspecting peripheral facilities
・New field (roads and bridges)Cultivated new social infrastructure inspection domains including inspection and maintenance
117 119100
114+49%
Industrial Infrastructure
domains, including inspection and maintenance systems for expressways
■Industrial infrastructure-related business・Automation facilities
Business progress in facilities for the automotive80
Social Infrastructure
+31%
- Business progress in facilities for the automotive industry, as well as in the advanced materials and analysis and inspection technology fields
- Developed facilities with high added value by fusing ink jet robot and other technologies with the
34 44
0 15/3 16/3(e) 16/3(e1)
Inspection+31%44
ink-jet, robot and other technologies with the Company’s core technologies
・Service business (FPD and HD-related) Expanded post-sales businesses by replacing equipment and providing high quality services to
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 17
equipment and providing high-quality services to enhance value for customers
FY15 Outlook (Science & Medical Systems)
Business Environment
Scientific Instruments Market■Worldwide market for electron microscopes expected to remain mostly flat Research expense■Worldwide market for electron microscopes expected to remain mostly flat. Research expense
budgets shrinking globally, mainly due to an economic slump caused by China’s economic slowdown, the stall in the EU economy, and falling resource prices centered on oil
■In analytical instruments, the global market is expected to continue growing at around 2 to 3% ll Th k t f f l ll d th i b tt i d lithi i b tt i ill bannually. The market for fuel cells and other primary batteries and lithium-ion batteries will become
more active. In particular, demand will increase for metal particle contamination inspection for rechargeable batteries used in automobiles and for high polymer material structural analysis in the chemical industry
Biotechnology and Medical Markets■The clinical chemistry and immunodiagnostic analyzer market (reagents + analyzers) is projected to continue
growing at an annual rate of around 4% driven by expanding demand for reagents Demand for analyzers isgrowing at an annual rate of around 4%, driven by expanding demand for reagents. Demand for analyzers is projected to remain flat year over year
Europe: Equipment renewal tending to be postponed due to economic slump in Southern Europe and reduction of medical expenditures in major countries
U S : Limited growth of equipment renewal demandU.S.: Limited growth of equipment renewal demandChina: Increasing patient numbers, mainly at large-scale medical institutions in cities, due to healthcare
system reforms■DNA sequencer market expected to continue growing at 10% or more annually, driven by next-generation
sequencers. CE* sequencers are expected to see declining annual growth of 3% to 5% annually, despite
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved.
sequencers. CE sequencers are expected to see declining annual growth of 3% to 5% annually, despite current replacement demand
* CE:Capillary Electrophoresis
18
FY15 Outlook (Scientific Systems)
■Continually develop strategic new products for Introduction and sales expansion in the volume zone
Status of Progress and Future ActionsRevenues Trend
(100 million yen)
2,000
1 681
Introduction and sales expansion in the volume zoneMain New Products Launched in FY15 Q1- Q2・ June 3D Analytical FIB-SEM NX9000・ July Scanning White Light Interferometer
Microscope VS1000 series1 720Biotechnology
+5%YoY
(+8%)*
126 132 1311,643 1,681 Microscope VS1000 series
・ Sep. Atmospheric pressure SEM AeroSurf 1500・ Sep. Fluorescence Spectrophotometer F-7100 ・ Sep. UV-Visible/NIR Spectrophotometer UH4150AD
■F th lti t th i t d
1,720+4%
gyProducts,Others
964 947 9911,000
■Further cultivate the environment and new energy field by expanding sales of metal particle contamination inspection equipment for lithium-ion batteries and fuel cells
Several deliveries in the field of metal particle contamination
+3%Medical Products
248 265 258+4%
Scientific Instr.
Electron
・ Several deliveries in the field of metal particle contamination inspection equipment for lithium-ion batteries
・ Advance sales expansion in the fields of metal particle contamination inspection equipment for lithium-ion batteries
■E h l b l k ti biliti d tili
552 598601
305 336 340
0 15/3 16/3(e) 16/3(e1)
+12%ElectronMicroscopes
■Enhance global marketing capabilities and utilize sales networks to expand sales worldwide・ Concluded scientific equipment sales agency contracts with 58
overseas companies・ Advance sales expansion by strengthening the sales agency
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 19
Advance sales expansion by strengthening the sales agency support system*YoY change for the scientific systems business
FY15 Outlook (Biotechnology & Medical Products)
■Brisk sales of immunodiagnostic analyzers, mainly t Chi
Revenues Trend
(100 million yen)
Status of Progress and Future Actions
2,000
to China
■New products announced for Europe and the U.S.・ Announced cobas 8000 series high-speed immunodiagnostic
module e801 in Europe (Paris June)
YoY
+5%(+3%)*
1,643 1,681 1,720
1 1221 080Biotechnology
126 132 131
module e801 in Europe (Paris, June)
Sales to be rolled out in stages starting in Europe in 2016
+4%
1,1221,0801,090gy
Products,Others
964 947 9911,000 ・ Dedicated hemoglobin A1c (HbA1c) analyzer (diabetes test) for
Europe and the U.S.cobas c513 announced for Europe and the
+3%Medical Products
248 265 258+4%
p pU.S. at an academic conference (Atlanta, July). Launched in October
■Entered into long-term strategic collaboration for molecular testing with QIAGEN N V of Germany
Scientific Instr.
Electron
305 336 340
0 15/3 16/3(e) 16/3(e1)
+12%molecular testing with QIAGEN N.V. of Germany・ Joint development of molecular testing system (equipment and
reagents), and a diagnostic DNA sequencer
ElectronMicroscopes
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 20
*YoY change for the biotechnology & medical products
FY15 Outlook (Industrial & IT Systems)
■Industrial Solutions・ Solar component projects decreased, as connection to the
Revenue Trend
(100 million yen)
Status of Progress and Future Actions
1,000 -1%
864
power grid had been put on hold・ Concentrated on capturing orders for automotive manufacturing
equipment where capital investments by customers are prolific ・ Captured demand for renewing general control systems・ Expanded the mega solar joint venture (EPC*) with Etrion
841
YoY
349300
289-17%
849 864Expanded the mega solar joint venture (EPC ) with EtrionCorporation (Switzerland)- Began power generation at the Mito City (Ibaraki
Prefecture)site (August 2015)- Complete construction of the Shizukuishi Town (Iwate Prefecture) site (planned December 2016)
841
ICTSolutions
349
500
Prefecture) site (planned December 2016)
Haru Mito Solar Power Generation
499565 552
+11%■ICT Solutions
・ Optimized the in-house software business (for transfer to
Industrial Solutions
0 15/3 16/3(e) 16/3(e1)
another Hitachi Group company)・ Expanded sales of automotive HDDs for the European market・ Expanded joint business in IoT solutions within the Hitachi Group
-Worked on Hitachi Solutions, Ltd.’s JP1 General Systems Operation Management platform and other business
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 21
p g pcollaborations
*EPC: Engineering, Procurement and Construction
FY15 Outlook (Advanced Industrial Products)
■Business environmentThe environment is expected to turn tougher than initially forecast
Revenue Trend
(100 million yen)
Status of Progress and Future Actions
3,500 +5%
(4,363)
The environment is expected to turn tougher than initially forecast due mainly to a sag in construction machinery demand from falling resource prices and slowdowns in the Chinese and ASEAN automotive markets
■Concentration in businesses with high added value
YoY
355
340
3302,581
2,9602,700(3,426)
(4,120)Fine Chemicals,Others-7%
■Concentration in businesses with high added valueEnhance and expand electronics-related EMS contract manufacturing in the ASEAN market
■Business investment strategies・ Invest in business alliances with domestic chemical companies
993
982
9801,750
-1%
Invest in business alliances with domestic chemical companies to cultivate new fields and markets
・ Joint ventures with automotive component-related companies in Mexico and Brazil
■Development of the supply-chain solutions business
Electronic C&M
Automobile/
1 079
446
560
503+13%
+13%
■Development of the supply chain solutions business・ Expand and enhance functions and accelerate globalization,
including in logistics and finance
TransportationC&M
IndustrialC&M**
7861,079
887
0 15/3 16/3(e) 16/3(e1)
+13% C&M**
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 22
* Figures in parenthesis are transaction amounts thatinclude net transaction amounts
**C&M: Components & Materials
4 Reference4. Reference
Note: YY/M denotes the year and month of the accounting period-endNote: YY/M denotes the year and month of the accounting period end(e) denotes the current forecast (October 2015)
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 23
Market Trend and Changes in Orders Received (Electronic Device Systems)
Previous Forecast (April) YoY YoYYoY
(Excludes Back-end)
Semiconductor Manufacturing Equipment Market(Front-end)
(100 million USD)
Changes in Orders Received
(100 million yen)
800
400
+2%+4% -2%
Previous Forecast (July)
15/3 1,107 -16% 16/3 1,041 +12%
42
308 319 312
200
-19%-13%
537569
+11%
136
42
4000
15/3 16/3(e1) 17/3(e1)S Gartner (Oct 2015) / Compan ’s estimation
537Back-end +14%
401 527 456 585
Source: Gartner (Oct. 2015) / Company’s estimation Previous forecast is based on published value for 4Q/April 2015
DRAM NAND Logic OthersFoundryMPU
Front-endRevenues Ratio by Fields (Front-end Equip.)
0
DRAM NAND Logic OthersFoundryMPU
16/3(e1)
16/3(e)
15/3
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved.
014/1H 14/2H 15/1H(e1) 15/2H(e1)
24
0% 50% 100%
16/3(e1)
Changes in Quarterly Results(100 million yen)
FY14 1Q FY14 2Q FY14 3Q FY14 4Q FY15 1Q FY15 2Q
Revenues 294 228 217 321 284 263
(100 million yen)
Electronic Device Systems294 228 217 321 284 263
EBIT 81 21 31 41 55 19
Fine Technology SystemsRevenues 13 31 19 50 16 41
EBIT -5 5 0 6 -3 4
Revenu
5 5 0 6 3 4
Science & Medical SystemsRevenues 388 411 399 445 404 450
EBIT 67 63 67 65 63 76
Revenues 173 212 185 278 170 224
ues / EB
IT
Industrial & IT SystemsRevenues 173 212 185 278 170 224
EBIT -9 7 -4 8 -3 1
Advanced Industrial Products
Revenues 643 644 648 647 643 670
EBIT 6 4 7 5 9 9
T
EBIT 6 4 7 5 9 9
Others & Elimination/Corporate
Revenues -14 -12 -9 -13 -12 -13
EBIT -2 -12 1 -5 -4 -6
Revenues 1 497 1 514 1 458 1 727 1 506 1 635Total
Revenues 1,497 1,514 1,458 1,727 1,506 1,635
EBIT 138 87 102 121 118 103
Income before Income Taxes 139 88 103 122 119 104
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 25
Net Income attributable to owners of the Parent 96 73 73 69 77 92
Note: The amounts of revenues, EBIT and income before income taxes are presented only for continuing operations
Capital Expenditure/ Depreciation Costs/ R&D /Revenues by Region
14/1H 15/1H YoY 15/3 16/3(e1) YoY
■Capital Expenditure/Depreciation Costs/R&D (100 million yen)
CapitalExpenditure 67 62 -7% 145 130 -10%
Depreciation Costs 52 52 +0% 106 110 +4%Depreciation Costs 52 52 +0% 106 110 +4%
R&D 98 98 -1% 196 212 +8%
Note: Capital expenditure is based on acquisition base
Japan North America Europe Others TotalMainland
■Revenues by RegionNote: Capital expenditure is based on acquisition base
(100 million yen)
AsiaAmericaChina
14/1HRevenues 1,207 357 508 906 368 34 3,011
Ratio 40% 12% 17% 30% 12% 1% 100%
15/1HRevenues 1,226 311 457 1,116 456 30 3,141
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 26
15/1HRatio 39% 10% 15% 35% 15% 1% 100%
Revenues Change in Main Business(100 illi )(億円)(億円)
FY14/Q1 FY14/Q2 FY14/Q3 FY14/Q4 FY15/Q1 FY15/Q2
Electronic Device Systems 294 228 217 321 284 263
Process Equipment 158 129 123 136 153 127
(100 million yen)
q p
Metrology & Inspection Equipment 136 99 94 185 129 136
Others ― ― ― ― 2 1
Fine Technology Systems 13 31 19 50 16 41
Social Infrastructure Inspection 1 5 4 24 5 11
Industrial Infrastructure 13 26 15 26 11 30
Science & Medical Systems 388 411 399 445 404 450
Electron Microscopes 45 93 67 100 56 96Electron Microscopes 45 93 67 100 56 96
Scientific Instr. 47 63 52 86 45 72
Medical Products 260 222 253 230 270 250
Biotechnology Products, Others 36 34 27 29 33 32
Industrial & IT Systems 173 212 185 278 170 224
Industrial Solutions 70 130 109 190 90 142
ICT Solutions 103 82 76 88 80 81
Ad d I d t i l P d t 643 644 648 647 643 670Advanced Industrial Products 643 644 648 647 643 670
Industrial C&M 192 192 199 203 202 203
Automobile/Transportation C&M 103 109 118 116 118 127
Electronic C&M 258 246 246 244 242 269
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 27
Fine Chemicals, Others 90 97 85 84 81 71
Note: ・The quarterly performance of continuing operations only is presented for FY14 ・C&M: Components & Materials
Notes on the data1. All financial statement summaries and results predictions included in this presentation are on a consolidated basis unless otherwise stated.
Numerical data is rounded off to the nearest 100 million yen.2 In its disclosures Hitachi High-Technologies may make statements that constitute forward-looking statements that reflect management‘s views with2. In its disclosures, Hitachi High Technologies may make statements that constitute forward looking statements that reflect management s views with
respect to certain future events and financial performance at the time of disclosure. Such statements are based on information available at the timeof disclosure and may differ from actual results due to various external factors, both direct and indirect. In the event of a major discrepancy with theitems disclosed, the Company will disclose on a case-by-case basis based on the law and/or the timely disclosure rules and regulations of the stockexchanges on which the Company is listed.
The information included in this material is for reference when investing, and not a canvass to invest. Brand selection and the final decision is at yourown judgment.own judgment.
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 28
FY15 2nd Quarter Financial ResultsFY15 2nd Quarter Financial ResultsFor further informationYoshito YokoiGeneral ManagerCSR & Corporate Communications Dept.CSR Div.TEL:+81 3 3504 5138 FAX:+81 3 3504 5943TEL:+81-3-3504-5138 FAX:+81-3-3504-5943E-mail: yoshito.yokoi.yp@hitachi-hightech.com
Copyright ©2015 Hitachi High-Technologies Corporation All Rights Reserved. 29