Presentation Transcripts

Latest Update : May 25, 2016

Back to Financial Results (FY3/2016)

Investor Meeting Presentation for FY 3/2016 held on May 10, 2016

Table of Contents

We are beginning to see a substantial improvement in the competitive edge of LED backlights this year following the completion of heavy investment related to capacity expansion last year. This will require this year only half the amount of last year's capital investment at a substantially lower depreciation cost. On the other hand, we are expecting a slightly lower profit this year in light of the inventory adjustment in the first quarter, as well as the rising Japanese yen. We assume the same level of LED backlight shipments to new model smartphones in the North American market. We could expect some upside potential in sales if the level of the North American new model shipments turns out to be higher than that of last year. Based on the information provided unofficially by our customers, we assume to ramp up production of new models in June and move to full-fledged production in July this year. We came up with the conservative estimates in light of the low visibility in the smartphone market. There has been a great deal of speculation in the media about OLEDs, making it seem that they would be put on the market on a large scale as early as next year. Given this situation, our supply chain companies have made remarkable progress in jointly developing products that can compete with OLEDs. Sample shipments are currently underway actively as we believe that there is further growth potential for LCDs and LED backlights. I think I'll be able to give you our next year forecast in the latter half of this year.

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