Dainippon Screen Mfg. Co., Ltd.
Tenjinkita-machi 1-1, Teranouchi-agaru 4-chome, Horikawa-dori,

May 8, 2012

Kamigyo-ku, Kyoto 602-8585, JapanCONSOLIDATED FINANCIAL REPORTFOR THE FISCAL YEAR ENDED MARCH 31, 2012 [Japanese GAAP]
Dainippon Screen Mfg. Co., Ltd. is listed on the First Section of the Tokyo Stock Exchange and Osaka Securities Exchangewith the securities code number 7735.
(URL:http//www.screen.co.jp/)
Representative:
President Masahiro Hashimoto
For further information contact: General Manager of Accounting Department Hirofumi Ohta
Tel: +81-75-414-7155
Date of the annual shareholders' meeting: June 27, 2012
Date of payment for cash dividends: June 28, 2012
Date planned for the filing of the financial report: June 28, 2012
Figures have been rounded down to eliminate amounts less than one million yen, except per share figures.

PERFORMANCE (APR.1, 2011-MAR. 31, 2012)(Millions of yen, except per share figures)(Percentage are the rate of increase or decrease from the previous fiscal year)(1) Business Results

Fiscal year ended
Mar. 31, 2012
Fiscal year ended
Mar. 31, 2011

Net Sales

Percentage
ChangeOperating
IncomePercentage
ChangeOrdinary
IncomePercentage
Change¥250,089-1.9%¥ 13,498-49.7%¥ 12,284-53.7%

254,952

55.3

26,811—

26,531—

Note: Comprehensive income
Fiscal year ended Mar. 31, 2012:
Fiscal year ended Mar. 31, 2011:¥ 4,191 million ( -81.4 %)¥ 22,575 million ( - %)Return on
Return on Sales
Assets(Operating(Ordinary
Income Basis)
Income Basis)

Net Income

Percentage
ChangeNet Income per
Share (Yen)

Diluted Net
Income per
Share (Yen)

Return on
Equity¥ 4,637-81.9%¥ 19.54

—

5.2%

4.9%

5.4%

25,686—108.21

—

33.9

11.3

10.5

Fiscal year ended
Mar. 31, 2012
Fiscal year ended
Mar. 31, 2011

Note: Equity in earnings (losses) of affiliates accounted for by the equity method
Fiscal year ended Mar. 31, 2012:¥ 0 million
Fiscal year ended Mar. 31, 2011:¥ 437 million(2) Financial Position
Equity Ratio(%)

Net Assets per Shareof Capital Stock (Yen)¥90,595
87,600

36.7%

34.4

¥379.44367.00Operating
Activities

Investing
Activities

Financing
Activities

Cash and Cash Equivalents,
End of Period¥ 11,278¥ (4,162)¥ (9,467)¥35,631

34,299(2,191)(22,249)

38,383

Total Assets

Net Assets¥245,381
253,126

Mar. 31, 2012
Mar. 31, 2011
Note: Equity
As of Mar. 31, 2012:
As of Mar. 31, 2011:¥ 90,068 million¥ 87,118 million(3) Cash Flows

Fiscal year ended
Mar. 31, 2012
Fiscal year ended
Mar. 31, 2011

1

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Dainippon Screen Mfg. Co., Ltd.

CASH DIVIDENDS
Cash Dividends per Share

Record date

First Quarter Second Quarter Third Quarter

Fiscal year ended
Mar. 31, 2011
Fiscal year ended
Mar. 31, 2012
Fiscal year ending
Mar. 31, 2013 (Forecast)Year-end

Annual

Total
Dividends(Annual)Payout Ratio(Consolidated)

Ratio of Net
Assetsto Dividends(Consolidated)(millions of yen)

—

—

—

¥5.00

¥5.00

¥ 1,186

4.6%

1.6%

—

—

—

5.00

5.00

1,186

25.6

1.3

—

—

—

5.00

5.00

10.3

FORECAST OF BUSINESS RESULTS FOR FISCAL YEAR ENDING MARCH 31, 2013
(Millions of yen, except per share figures)(Percentage are the rate of increase or decrease from the previous corresponding period.)

Six months period ending
Sept. 30, 2012
Fiscal year ending
Mar. 31, 2013

Net Sales

Percentage Change¥ 113,000-8.1 %¥ 3,500-61.1 %

-1.2

15,00011.1

247,000

Ordinary Income Percentage Change
Six months period ending
Sept. 30, 2012
Fiscal year ending
Mar. 31, 2013

Operating Income

Net Income

Percentage Change¥ 3,000-66.0 %

¥ 2,000-69.4 %

14,00014.0

11,500148.0

Percentage Change

Net Income per Share(Yen)¥ 8.4348.45

OTHERS(1) Changes in significant consolidated subsidiaries (Changes in specified subsidiaries involving changes in scope of consolidation): No
New Company: Not applicableExclusion: Not applicable(2) Changes of accounting policies, changes in accounting estimates and retrospective restatement
1. Changes of accounting policies accompanied by revision of accounting standard etc.: No
2. Changes of accounting policies other than 1: No
3. Changes in accounting estimates: No
4. Retrospective restatement: No(3) Number of shares outstanding
1. Number of shares outstanding as of end of period (including treasury stock)
As of Mar. 31, 2012: 253,974,333 shares
As of Mar. 31, 2011: 253,974,333 shares
2. Number of treasury stock as of end of period
As of Mar. 31, 2012: 16,605,094 shares
As of Mar. 31, 2011: 16,598,341 shares
3. Average number of shares outstanding
Fiscal year ended Mar. 31, 2012: 237,372,401 sharesFiscal year ended Mar. 31, 2011: 237,389,266 shares

2

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Dainippon Screen Mfg. Co., Ltd.

(Reference) Overview of nonconcolidated business performance (APR.1, 2011-MAR. 31, 2012)(Millions of yen, except per share figures)(Percentage are the rate of increase or decrease from the previous fiscal year)(1) Business Results

Fiscal year ended
Mar. 31, 2012
Fiscal year ended
Mar. 31, 2011

Fiscal year ended
Mar. 31, 2012
Fiscal year ended
Mar. 31, 2011

Net Sales

Percentage
ChangeOperating Income

Percentage
ChangeOrdinary Income

Percentage
Change¥216,411

0.2%¥ 9,451-52.4%¥ 8,539-60.5%

215,91067.8

19,870—21,598—Net Income per Share(Yen)

Diluted Net Income per
Share (Yen)Net Income

Percentage Change¥ 1,314-94.9%¥ 5.54—25,515—107.48—(2) Financial Position

Fiscal year ended
Mar. 31, 2012
Fiscal year ended
Mar. 31, 2011
Note: Equity
As of Mar. 31, 2012:
As of Mar. 31, 2011:

Equity Ratio(%)

Net Assets per Shareof Capital Stock (Yen)

Total Assets

Net Assets¥224,431¥73,415

32.7 %¥309.29

233,50273,21031.4

308.42¥ 73,415 million¥ 73,210 million*Indication of audit procedure implementation status
This financial report is exempt from audit procedure based upon the Financial Instruments and Exchange Law. It is under the audit procedure process at
the time of disclosure of this report.
*Explanation for appropriate use of forecasts and other notes
The forward-looking statements such as operational forecasts contained in this document are based on the information currently available to Dainippon
Screen and certain assumptions that are regarded as legitimate. Large discrepancies may be seen in the actual results due to various factors.

BUSINESS RESULTS
1. Business Results
Overview
During the fiscal year ended March 31, 2012, conditions in the global economy triggered heightening concerns about the worldwide
economic slowdown. Such concerns were prompted by the spread of financial uncertainty along with the European debt crisis, whichwere also slowing the economic expansion of emerging countries—the current drivers of the global economy. In Japan, there weresigns of economic recovery on the back of the restoration of supply chains damaged and disrupted by the Great East Japan
Earthquake. Nevertheless, there was little room for optimism, given the ongoing strength of the yen and the negative impact ofoverseas economic deceleration on the business activities of Japanese companies.
With regard to overall business conditions surrounding the Dainippon Screen Group’s principal field of operations,semiconductor manufacturers tightened capital investment during the fiscal year under review, reflecting growing concern about
economic deceleration throughout the industry. In addition, falling DRAM prices caused by sluggish demand for personal computers
led to the bankruptcy of a major semiconductor manufacturer. On the back of increased demand for such mobile devices assmartphones and tablets, however, investment in the manufacturing of semiconductors with finer circuit patterns was brisk. In the
LCD panel-related industries, major household appliance manufacturers recorded substantial deficits due to ongoing poor sales of
LCD TVs. Accordingly, panel manufacturers’ capital investment was restrained. The print industry has remained stagnant market
conditions, such as the bankruptcy of a major overseas manufacturer related to printing equipment.
Turning to the Dainippon Screen Group’s performance during the fiscal year ended March 31, 2012, the Group posted net
sales totaling ¥250,089 million, a decrease of ¥4,863 million, or 1.9%, compared with the previous fiscal year. On the earnings front,
operating income dropped 49.7% year on year to ¥13,498 million, while ordinary income fell 53.7% year on year to ¥12,284 million.
This was attributable to the decline in unit sales prices as well as the increase in R&D and personnel expenses.

3

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Dainippon Screen Mfg. Co., Ltd.

Under extraordinary loss, the Dainippon Screen Group recorded an impairment loss on fixed assets held by the FPD equipment
and other businesses; a provision of allowance for doubtful accounts covering notes and accounts receivable—trade; and a loss on
valuation of investment securities due to the fall in market values of stocks held. After a partial reversal of deferred tax assets alongwith the effects of tax revisions for the fiscal year under review, net income was ¥4,637 million, a decline of 81.9% year on year.

Financial Results by Business Segments
Business results by business segment are provided as follows.
The Semiconductor Equipment (SE) segment
In the Semiconductor Equipment segment, sales of single-wafer cleaning equipment increased on the back of the semiconductor
miniaturization, despite reduced capital investment among semiconductor manufacturers. Sales of batch-type cleaning equipment,
however, dropped substantially. As a result, segment sales decreased 3.8% year on year to ¥167,593 million, and operating income
shrank 51.6% year on year to ¥13,627 million, reflecting a decreased profit ratio due to the fall in unit sales prices and changes in the
product mix as well as increased R&D and personnel expenses.
The FPD Equipment (FE) segment
In the FPD Equipment segment, sales of coater developers for small- and medium-sized LCD panels rose, while sales of coater
developers for large LCD panels fell. Accordingly, segment sales were ¥32,611 million, a decline of 0.3% year on year. Owing to aloss on valuation of inventories, this segment posted an operating loss totaling ¥1,216 million, compared with an operating income of¥34 million recorded in the previous fiscal year.
The Media and Precision Technology (MP) segment
In the Media and Precision Technology segment, sales of graphic arts equipment increased year on year, owing to rising sales of print
on demand (POD) equipment in North America. On the other hand, sales of printed circuit board (PCB)-related equipment declined
year on year, reflecting weak capital investment by PCB manufacturers. As a result, segment sales were ¥49,163 million, an increaseof 3.9% compared with the previous fiscal year. Thanks to efforts aimed at reducing fixed and other related costs as well as increased
sales, the MP segment recorded an operating income of ¥2,305 million, a turnaround from an operating loss of ¥1,304 million in theprevious fiscal year.
Outlook
Regarding future economic conditions, the global economic outlook remains uncertain given the economic deceleration caused byprolonged debt crisis in Europe as well as slowing growth rates in emerging countries. The Japanese economy is also expected to feelthe effects of power supply restriction and protracted appreciation of the yen.
Under such circumstances, the Dainippon Screen Group set its business forecast for the fiscal year ending March 31, 2013 as
follows.
In the Semiconductor Equipment segment, sales are projected to remain on par with those of the year under review with the
expectation of an increase in capital investment related to the manufacturing of semiconductors with finer circuit patterns, despite thegenerally careful attitude of semiconductor manufacturers toward capital investment. In the FPD Equipment segment, a significant
decrease in sales is anticipated, given panel manufacturers’ further reluctance to invest capital. In the Media and Precision Technology
segment, POD equipment, which falls in the graphic arts equipment category, has been enjoying ever-increasing demand and is
expected to see a further increase in sales following the Group’s participation in “drupa 2012” (the leading international trade fair forthe print and media industry). The Dainippon Screen Group also expects sales growth for direct imaging system in the PCB-related
equipment category. On the earnings front, the Group will endeavor to secure profit by continuously reducing costs amid severe sales
price conditions.

Forecast of the consolidated business result for the fiscal year ending March 31, 2013
The first half ending Sep. 30, 2012

Net sales
SE
FE
MP
Other
Operating income
Ordinary income
Net income

113,000
82,5005,000
25,000
500
3,500
3,000
2,000

(Millions of yen)

Fiscal year ending Mar. 31, 2013

247,000
171,000
23,00052,0001,000
15,00014,00011,500*Intersegment transactions have been eliminated.

*The aforementioned forecasts are based on foreign currency exchange rate estimates of US$1.00 = ¥80 and EUR1.00 = ¥105. Business forecasts are also
made in accordance with currently available information and rational assumptions. However, it should be noted that actual results could differ significantly
due to a variety of factors.

4

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Dainippon Screen Mfg. Co., Ltd.
2. Financial Position
Assets, Liabilities and Net Assets
Total assets as of March 31, 2012 stood at ¥245,381 million, a decrease of ¥7,744 million, or 3.1%, from the previous fiscal
year-end. In current assets, inventories and cash and time deposits decreased while notes and accounts receivable-trade increased. In
noncurrent assets, property, plant and equipment decreased due to the recording of an impairment loss, etc.
Total liabilities declined ¥10,740 million, or 6.5%, from March 31, 2011, to ¥154,786 million. This was attributable to a decreasein long-term loans payable as well as increases in bonds and short-term loans payable. Interest-bearing debt decreased ¥7,914 million,or 14.2%, year on year to ¥47,676 million. Net interest-bearing debt, which is interest-bearing debt less cash and time deposits, totaled¥10,013 million, a decrease of ¥5,591 million, or 35.8%, from a year earlier.
As for net assets, due to the recording of net income in the fiscal year under review, retained earnings increased despite thepayment of cash dividends. As a result, total net assets grew ¥2,995 million, or 3.4% compared with March 31, 2011, to ¥90,595
million, while the equity ratio as of the fiscal year-end improved 2.3 percentage points from 34.4% as of March 31, 2011, to 36.7%.
Reflecting a reduction in additional paid-in capital and to make an appropriation of surplus approved at the Extraordinary General
Meeting of Shareholders held on April 22, 2011, capital surplus decreased ¥25,571 million and retained earnings increased by thesame amount.

Cash Flows
Cash and cash equivalents as of March 31, 2012 were ¥35,631 million, a decrease of ¥2,751 million compared with the previous
fiscal year-end. The factors affecting the status of each cash flow item are listed below.
Cash Flows from Operating Activities
Net cash provided by operating activities totaled ¥11,278 million, compared with ¥34,299 million provided by operating
activities in the previous fiscal year. Total cash inflows—including income before income taxes, depreciation and amortization, and adecrease in inventories—exceeded such cash outflows as an increase in notes and accounts receivable—trade and income taxes paid.
Cash Flows from Investing Activities
Net cash used in investing activities amounted to ¥4,162 million, compared with ¥2,191 million used in investing activities in theprevious fiscal year. This was as a result of sales of property, plant and equipment in the Kuze Plant; the purchase of property, plantand equipment in connection with the purchase of land for a new factory in Kumamoto prefecture; and the purchase of stocks of a
subsidiary.
Cash Flows from Financing Activities
Net cash used in financing activities was ¥9,467 million, compared with ¥22,249 million used in financing activities in theprevious fiscal year. This was attributable to the repayments of long-term loans payable and finance lease obligations, which offset theproceeds from issuance of bonds.

Cash Flow Benchmarks
Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended Fiscal year ended
Mar. 31, 2008
Mar. 31, 2009
Mar. 31, 2010
Mar. 31, 2011
Mar. 31, 2012
Equity ratio (%)
Equity ratio(market capitalization basis) (%)
Debt repayment period (years)
Interest coverage ratio (times)

41.9

28.1

29.8

34.4

36.7

34.2

16.0

47.9

81.8

72.1

7.2
10.0

—
—

3.1
10.4

1.6
18.9

4.2
7.5

Notes:
Equity ratio = Equity / total assets
Equity ratio (market capitalization basis) = Market capitalization / total assets
Debt repayment period = Interest-bearing debt / operating cash flow
Interest coverage ratio = Operating cash flow / interest payments
1. Figures are calculated using consolidated financial results.
2. Market capitalization is calculated by multiplying the closing price at the end of the fiscal year by the number of shares outstanding at fiscal
year-end (excluding treasury stock)
3. Operating cash flow uses cash flow from operating activities as stated on the consolidated statements of cash flows.
4. Interest-bearing debt comprises all liabilities recorded on the balance sheet for which interest is paid. Interest payments use interest expenses
paid as stated on the consolidated statements of cash flows.

3. Basic Policy Regarding Appropriation of Profits, Cash Dividends for the Fiscal Year under Review and Cash Dividend
Forecast for the Fiscal Year Ending March 31, 2013
Taking into consideration the needs of a broad stakeholder base that includes shareholders, customers, business partners andemployees, the Dainippon Screen Group has positioned the return of an adequate level of profits as a key management priority. As forcash dividends, the Dainippon Screen Group strives to ensure stable cash dividends while considering the amount of retained earnings
required to ensure business growth and increased profitability based on its dividend payout ratio, operating environment and the statusof earnings conditions.
Dainippon Screen expects to distribute a fiscal year-end cash dividend of ¥5 per share for the fiscal year ended March 31, 2012.
Moreover, Dainippon Screen currently anticipates a fiscal year-end cash dividend forecast of ¥5 per share for the fiscal year
ending March 31, 2013 based on earnings forecasts and its financial position during the current fiscal year.

5

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Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED BALANCE SHEETS(Millions of yen)Mar. 31,2011

Mar. 31,2012

Total current assets¥39,985
70,97925,30731,301
4,604
7,612
4,739
(1,007)
183,522¥ 37,662
72,94928,17523,381
5,561
7,213
3,724
(1,125)
177,543

Noncurrent assets:
Property, plant and equipment:
Buildings and structures
Accumulated depreciation
Buildings and structures (Net)
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles (Net)Land
Lease assets
Accumulated depreciation
Lease assets (Net)Construction in progress
Other
Accumulated depreciation
Other (Net)
Total property, plant and equipment

53,265(35,500)
17,76429,019(22,748)
6,270
9,253
8,541
(3,174)
5,367
1,110
9,411
(8,478)933
40,69950,928(34,642)
16,28629,282(23,502)
5,780
9,741
7,389
(3,574)
3,815
1,558
9,959
(8,471)
1,487
38,669Total intangible assets

781
408
1,189

479
1,665
2,145

Investments and other assets:
Investment securities
Long-term loans receivable
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total noncurrent assets
Total assets

22,184
59
621
4,921
(71)
27,71569,604
253,126

21,14758
587
6,700(1,469)27,024
67,838245,381ASSETS
Current assets:
Cash and time deposits
Notes and accounts receivable-trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Deferred tax assets
Other
Allowance for doubtful accounts

Intangible assets:
Lease assets
Other

6

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Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED BALANCE SHEETS(Millions of yen)Mar. 31,2011

Mar. 31,2012¥ 81,942
500
35,060
2,500
2,026
2,242
49
68
6,059
336
32
17,313
148,131¥ 81,458
8,049
1,649
7,000
1,347
1,586
606
58
5,522
246
—
15,698123,223

Total liabilities

7,000
3,633
4,869
839
279
110
48
613
17,394
165,526

19,000
6,988
3,641
834
315
109
48
624
31,562
154,786

Total shareholders’ equity

54,04430,154
26,418(12,236)
98,38154,044
4,583
55,439(12,240)
101,8271,344(41)(12,566)(11,263)482
87,600253,126

1,385—(13,144)(11,758)
527
90,595245,381

LIABILITIESCurrent liabilities:
Notes and accounts payable-trade
Short-term loans payable
Current portion of long-term loans payable
Current portion of bonds payable
Lease obligations
Income taxes payable
Notes payable-facilities
Provision for directors' bonuses
Provision for product warranties
Provision for loss on order received
Asset retirement obligations
Other
Total current liabilities
Noncurrent liabilities:
Bonds payable
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Asset retirement obligations
Other
Total noncurrent liabilities

NET ASSETS
Shareholders’ equity:
Capital stock
Capital surplus
Retained earnings
Treasury stock
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Total accumulated other comprehensive income
Minority interests
Total net assets
Total liabilities and net assets

7

Consolidated

Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED STATEMENTS OF INCOME(Millions of yen)

Apr.1, 2010- Mar.31, 2011
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
House rent income
Gain on sales of noncurrent assets
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Sales discounts
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Gain on sales of subsidiaries and affiliates' stocks
Reversal of allowance for doubtful accounts
Other
Total extraordinary income
Extraordinary loss
Impairment loss
Provision of allowance for doubtful accounts
Loss on valuation of investment securities
Loss on disaster
Business structure improvement expenses
Loss on adjustment for changes of accounting standard for asset
retirement obligations
Other
Total extraordinary loss
Income before income taxes
Income taxes
Income taxes-deferred
Total income taxes
Income before minority interests
Minority interests in income
Net income

8

Apr.1, 2011- Mar.31, 2012

¥ 254,952
182,990
71,96245,151
26,811¥ 250,089
187,324
62,76549,266
13,498

102
279
437
272
259
1,183
2,535

123
384
0
198
387
495
1,589

1,789
161
247
616
2,815
26,531

1,496
299
330
676
2,802
12,284

162
525
210
2
901

38
—
—
—
38

1,656
—
346
47
648

2,866
1,323
830
18
—

297

—

—
2,997

7
5,045

24,434
2,342(3,652)(1,309)25,74457
25,686

7,277
2,041
541
2,582
4,695
57
4,637

Consolidated

Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Millions of yen)

Income before minority interests
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Total other comprehensive income
Comprehensive income(Comprehensive income attributable to)Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests

9

Apr.1, 2010- Mar.31, 2011

Apr.1, 2011- Mar.31, 2012

¥ 25,744¥

4,695(2,054)25(1,140)(3,168)22,575

41
41
(586)
(503)
4,191

22,523
52

4,141
50

Consolidated

Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Apr.1, 2010- Mar.31, 2011

Apr.1, 2011- Mar.31, 2012

¥ 54,044¥ 54,044—
54,044—54,04430,15430,154—(0)(0)
30,154(25,571)(0)(25,571)
4,583

731

26,418——25,686
25,686
26,41825,571(1,186)
4,637
29,02155,439(12,224)(12,236)

(11)
0
(11)
(12,236)(4)
0(4)(12,240)

72,706

98,381——
25,686(11)
0
25,67598,381—(1,186)
4,637
(4)
0
3,445
101,827

Shareholders’ equity
Capital stock
Balance, as of beginning of current period
Increase (decrease) during the period
Total changes during the period
Balance, as of end of current period
Capital surplus
Balance, as of beginning of current period
Increase (decrease) during the period
Transfer to retained earnings from capital surplus
Surplus from sale of treasury stock
Total changes during the period
Balance, as of end of current period
Retained earnings
Balance, as of beginning of current period
Increase (decrease) during the period
Transfer to retained earnings from capital surplus
Dividends from surplus
Net income
Total changes during the period
Balance, as of end of current period
Treasury stock
Balance, as of beginning of current period
Increase (decrease) during the period
Acquisition of treasury stock
Surplus from sale of treasury stock
Total changes during the period
Balance, as of end of current period
Total shareholders’ equity
Balance, as of beginning of current period
Increase (decrease) during the period
Transfer to retained earnings from capital surplus
Dividends from surplus
Net income
Acquisition of treasury stock
Surplus from sale of treasury stock
Total changes during the period
Balance, as of end of current period

10

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Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(Millions of yen)

Apr.1, 2010- Mar.31, 2011

Apr.1, 2011- Mar.31, 2012

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Balance, as of beginning of current period
Increase(decrease) during the period
Net increase (decrease) during the period,
except for items under shareholders' equity
Total changes during the period
Balance, as of end of current period
Deferred gains or losses on hedges
Balance, as of beginning of current period
Increase(decrease) during the period
Net increase (decrease) during the period,
except for items under shareholders' equity
Total changes during the period
Balance, as of end of current period
Foreign currency translation adjustments
Balance, as of beginning of current period
Increase(decrease) during the period
Net increase (decrease) during the period,
except for items under shareholders' equity
Total changes during the period
Balance, as of end of current period
Total accumulated other comprehensive income
Balance, as of beginning of current period
Increase(decrease) during the period
Net increase (decrease) during the period,
except for items under shareholders' equity
Total changes during the period
Balance, as of end of current period
Minority interests
Balance, as of beginning of current period
Increase(decrease) during the period
Net increase (decrease) during the period,
except for items under shareholders' equity
Total changes during the period
Balance, as of end of current period¥ 3,399¥ 1,344(2,054)41(2,054)
1,344

41
1,385

(67)

(41)

25

41

25
(41)

41
—

(11,431)(12,566)(1,134)(578)(1,134)(12,566)(578)(13,144)(8,100)(11,263)(3,163)(495)(3,163)(11,263)(495)(11,758)

434

482

47

45

47
482

45
527

65,04087,600——25,686(11)
0—(1,186)
4,637
(4)
0

(3,115)(450)

22,55987,6002,995
90,595

Total net assets
Balance, as of beginning of current period
Increase(decrease) during the period
Transfer to retained earnings from capital surplus
Dividends from surplus
Net income
Acquisition of treasury stock
Surplus from sale of treasury stock
Net increase (decrease) during the period,
except for items under shareholders' equity
Total changes during the period
Balance, as of end of current period

11

Consolidated

Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED STATEMENTS OF CASH FLOWS(Millions of yen)

Apr.1, 2010- Mar.31, 2011

Apr.1, 2011- Mar.31, 2012

Cash flow from operating activities:

Income before income taxes
Depreciation and amortization
Impairment loss
Equity in (earnings) losses of affiliates
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Loss (gain) on sales of subsidiaries and affiliates' stocks
Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for directors' bonuses
Increase (decrease) in provision for product warranties
Increase (decrease) in provision for loss on order received
Business structure improvement expenses
Interest and dividends income
Interest expenses
Loss (gain) on sales of property, plant and equipment
Decrease (increase) in notes and accounts receivable-trade
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in notes and accounts payable-trade
Increase (decrease) in accrued expenses
Increase (decrease) in other current liabilities
Other, net
SubtotalInterest and dividends income received
Interest expenses paid
Contribution in connection with the shift to a definedcontribution pension plan
Payment for business structure improvement expenses
Income taxes paid
Net cash provided by operating activities12¥ 24,434
5,805
1,656
(437)
346
(162)
(525)
(207)
45
2,273
(179)
648
(381)
1,789
(234)
(18,484)(12,490)(214)
28,796
707
4,551
(45)
37,694369(1,817)¥ 7,277
4,985
2,866
(0)
830
(36)
—
35
(9)
(534)
(89)
—
(507)
1,496
(387)
(1,834)
3,033
626
(604)
(634)
(2,102)(90)
14,319498(1,495)

(875)

(55)

(164)
(906)
34,299—(1,988)
11,278

Consolidated

Dainippon Screen Mfg. Co., Ltd.

CONSOLIDATED STATEMENTS OF CASH FLOWS(Millions of yen)

Apr.1, 2010- Mar.31, 2011

Apr.1, 2011- Mar.31, 2012

Cash flow from investing activities:

Decrease (increase) in time deposits
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Purchase of investment securities
Proceeds from sales of investment securities
Proceeds from sales of stocks of subsidiaries and affiliates
Purchase of investments in subsidiaries resulting
in change in scope of consolidation
Other, net
Net cash used in investing activities¥ (349)(2,449)712(4,018)519
3,739¥ (489)(4,491)
1,855
(13)
125
—

—

(313)

(347)
(2,191)(835)(4,162)500—(9,772)(2,960)—(10,000)(11)—(4)(22,249)

7,546
5,000
(35,227)(1,985)18,895(2,500)(4)(1,186)(4)(9,467)(1,379)8,478
29,90438,383(400)(2,751)38,38335,631

Cash flow from financing activities:

Net increase (decrease) in short-term loans payable
Proceeds from long-term loans payable
Repayments of long-term loans payable
Repayments of finance lease obligations
Proceeds from issuance of bonds
Redemption of bonds
Net decrease (increase) in treasury stock
Cash dividends paid
Cash dividends paid to minority shareholders
Net cash used in financing activities
Effect of exchange rate change on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

13

Consolidated

Dainippon Screen Mfg. Co., Ltd.

SEGMENT INFORMATION[Segment Information]
1. Segment Overview(1) Calculation Method for Reportable Segments
The Dainippon Screen Group’s reportable segments are the business units for which the Company is able to obtain respective financial
information separately in order for the Board of Directors to conduct periodic investigations to determine distribution of management
resources and evaluate their business results.
The Dainippon Screen Group adopts an internal company system where each internal company develops business activities andestablishes its own comprehensive strategy, for both Japan and overseas markets, in accordance with the products it handles.
Consequently, the Dainippon Screen Group has created three business segments for reporting—“Semiconductor Equipment,” “FPD
Equipment” and “Media and Precision Technology”—categorized by products based on respective internal companies.
(2) Products and Services of Reportable Segments
The Semiconductor Equipment (SE) segment develops and manufactures semiconductor production equipment and conducts sales andmaintenance services. The FPD Equipment (FE) segment develops, manufactures, and markets FPD production equipment, and it also
conducts maintenance services. In the Media and Precision Technology (MP) segment, graphic arts equipment and PCB related
equipment are developed, manufactured, sold and maintained.

2. Measurement of Net Sales, Profit/loss, Assets and Other in Reportable Segment
Income for each reportable segment is the amounts based on operating income.
Intersegment revenues and transfers are based on market prices.

3. Net Sales, Profit/loss, Assets and Other in Reportable Segment
Fiscal year ended March 31, 2011

(Millions of yen)

Reportable segment
FE
MP

SE
Sales
(1)Sales to outside
customers(2)Intersegment
sales andtransfers
Total
Segment income (loss)
Segment assets
Other
Depreciation andamortization
Increase in the amount oftangible fixed assets andintangible fixed assets

Total

Other
*1

Total

Adjustments Consolidated*3*2¥ 174,278¥ 32,711¥ 47,306¥ 254,296¥ 656¥ 254,952—¥ 254,952

—

—

—

—

7,831

7,831

(7,831)—

174,278
28,140129,061

32,711
34
26,44547,306(1,304)
39,684

254,296
26,870
195,191

8,487
303
4,046

262,784
27,174
199,237(7,831)(362)
53,889254,952
26,811
253,126

3,452

460

673

4,586

120

4,706

1,098

5,805

2,509

323

538

3,371

89

3,461

151

3,612

Notes
*1 The “Other” category incorporates operations not included in reportable segments, including software development, planning and production of printed matter,logistics operations and other businesses.
*2 Segment operating income (loss) adjustment of ¥ (362) million is the corporate expense not apportioned in each reportable segment. Corporate expense mainlycomprises the headquarters’ general and administrative expenses not usually attributed to segments.
Segment assets adjustment of ¥53,889 million is the corporate assets not apportioned in each reportable segment. Corporate assets mainly comprise theadministrative assets not usually attributed to segments.
*3 Segment income (loss) is adjusted with operating income under consolidated statements of income.

14

Consolidated

Dainippon Screen Mfg. Co., Ltd.

SEGMENT INFORMATION
Fiscal year ended March 31, 2012

(Millions of yen)

Reportable segment
FE
MP

SE
Sales
(1)Sales to outside
customers(2)Intersegment
sales andtransfers
Total
Segment income (loss)
Segment assets
Other
Depreciation andamortization
Increase in the amount oftangible fixed assets andintangible fixed assets

Total

Other
*1

Total

Adjustments Consolidated*3*2¥ 167,593¥ 32,611¥ 49,163¥ 249,368¥ 721¥ 250,089—¥ 250,089

—

—

—

—

8,656

8,656

(8,656)—

167,593
13,627
133,926

32,611(1,216)
15,662

49,1632,305
41,225249,368
14,716
190,814

9,377
3
4,763

258,746
14,719195,577(8,656)(1,221)49,803250,089
13,498245,381

3,204

328

310

3,843

111

3,955

1,030

4,985

2,951

447

1,041

4,440

114

4,554

2,792

7,346

Notes
*1 The “Other” category incorporates operations not included in reportable segments, including software development, planning and production of printed matter,logistics operations and other businesses.
*2 Segment operating income (loss) adjustment of ¥ (1,221) million is the corporate expense not apportioned in each reportable segment. Corporate expense mainlycomprises the headquarters’ general and administrative expenses not usually attributed to segments.
Segment assets adjustment of ¥49,803 million is the corporate assets not apportioned in each reportable segment. Corporate assets mainly comprise theadministrative assets not usually attributed to segments.
*3 Segment income (loss) is adjusted with operating income under consolidated statements of income.

15

Consolidated

Dainippon Screen Mfg. Co., Ltd.

Consolidated Financial Highlights for the Fiscal Year Ended Mar. 31, 2012
(Figures less than one million yen have been omitted and other figures have been rounded.)

Net sales
Operating income[to net sales ratio]
Ordinary income[to net sales ratio]
Net income[to net sales ratio]
Total assets
Net assets
EquityEquity ratio
Net assets per share
Interest-bearing debt
Net interest-bearing debt
Return on equity
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Depreciation and amortization
Capital expenditures
R&D expenses
Number of employees
Number of consolidated subsidiaries[Domestic][Overseas]
Number of affiliates[Number of affiliates accounted
for by equity method]

FY2011
12months ended
Mar.31, 2011

FY2012
12months ended
Mar. 31, 2012

ResultResultAmount¥ 254,952¥ 250,089
26,811
13,49810.5 %
5.4 %
26,531
12,28410.4 %
4.9 %
25,686
4,637
10.1 %
1.9 %
253,126
245,381
87,60090,595
87,11890,06834.4 %
36.7 %¥ 367.00¥ 379.44
55,59047,676
15,604
10,01333.9 %
5.2 %34,29911,278(2,191)(4,162)(22,249)(9,467)
5,805
4,985
3,612
7,346
12,12913,888
4,732
4,890
43
44
[19]
[20]

FY2013
6months ending 12months ending
Sept. 30, 2012 Mar.31, 2013

Difference
Percentage¥ (4,863)(13,312)-5.1 pt(14,246)-5.5 pt(21,049)-8.2 pt(7,744)2,995
2,950
2.3 pt¥ 12.44(7,914)(5,591)-28.7 pt
(23,020)(1,970)12,782
(819)
3,733
1,759
158
1
[1]

-1.9%
-49.7%―-53.7%―-81.9%
―
-3.1%
3.4%
3.4%
―
3.4%
-14.2%-35.8%―

Forecast
113,000

Forecast
247,000

3,500

15,000

3.1 %
3,000

6.1 %
14,000

2.7 %
2,000

5.7 %
11,500

1.8 %

4.7 %

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

―

-14.1%
103.3%
14.5%
3.3%
―
―

2,400

5,500

4,000

10,0007,200

14,800

―

―

―

―

―

―

[24]

[24]

―

―

―

―

1

1

―

―

―

―

[1]

[1]

―

―

―

―

16

Consolidated

Dainippon Screen Mfg. Co., Ltd.Mfg. Co., Ltd

Sales Breakdown (Consolidated)
FY2011(Millions of yen)
FY2013

FY20126 months ended 12 months ended 3 months ended 3 months ended 6 months ended 3 months ended 3 months ended 12 months ended 6 months ending 12 months ending

Sept. 30, 2010 Mar.31, 2011 Jun. 30, 2011 Sept. 30, 2011 Sept. 30, 2011 Dec. 31, 2011 Mar. 31, 2012 Mar.31, 2012 Sep. 30, 2012 Mar.31, 2013
ResultSemiconductor
Equipment

Domestic
Overseas
Total

FPD Equipment

Domestic
Overseas
Total

Media and Precision
Technology

Domestic
Overseas
Total

Graphic Arts
Equipment
PCB
Equipment

Other

Domestic
Overseas
Total
Domestic
Overseas
Total
Domestic
Overseas
Total

Grand Total

Domestic
Overseas
Total
Overseas
Ratio

ResultResultResultResultResultResultResultForecast

Forecast

10,42058,867
69,28824,380149,898
174,278

8,668
39,571
48,23913,15923,01936,17821,82762,59084,4183,048
25,922
28,971

7,510
46,692
54,20332,387135,206
167,593──82,500──
171,000

4,347
13,10917,456

6,828
25,882
32,711

383
4,717
5,100

2,194
7,109
9,303

2,577
11,827
14,404

3,734
6,730
10,464

2,597
5,144
7,742

8,908
23,702
32,611

─
─
5,000

─
─
23,000

11,104
12,23623,3409,051
10,553
19,605
2,052
1,682
3,734

20,773
26,53247,306
17,452
23,03540,488
3,321
3,496
6,818

4,077
6,991
11,068
3,328
6,246
9,574
749
744
1,493

5,449
7,356
12,8064,808
6,594
11,403
640
762
1,402

9,526
14,34723,874
8,136
12,84020,977
1,389
1,507
2,896

3,969
6,639
10,608
3,573
6,246
9,820
396
392
788

6,646
8,034
14,6805,201
7,564
12,765
1,444
470
1,915

20,142
29,021
49,163
16,911
26,651
43,563
3,230
2,369
5,600

─
─
25,000──21,600
─
─
3,400

─
─
52,000──45,000
─
─
7,000

315
4
319

646
10
656

138
4
142

174
6
181

313
11
324

149
7
156

234
5
239

697
23
721

─
─
500

─
─
1,000

26,187
84,217
110,405

52,628202,324
254,952

13,26751,28464,551

20,97737,49258,47034,244
88,776
123,021

10,90239,29950,202

16,98859,87776,866

62,135
187,954250,089──
113,000──
247,000

76.3%

79.4%

79.4%

64.1%

72.2%

78.3%

77.9%

75.2%

─

─

Orders received & Order backlog (Consolidated)(Millions of yen)

FY2011FY20123 months ended Mar. 31, 2011 3 months ended Jun. 30, 2011 3 months ended Sept. 30, 2011 3 months ended Dec. 31, 2011 3 months ended Mar. 31, 2012

Semiconductor
Equipment

Domestic
Overseas
Total

FPD Equipment

Domestic
Overseas
Total

Media and Precision
Technology

Domestic
Overseas
Total

Graphic Arts
Equipment
PCB
Equipment

Other

Domestic
Overseas
Total
Domestic
Overseas
Total
Domestic
Overseas
Total

Grand Total

Domestic
Overseas
Total
Overseas
Ratio

Orders received

Order backlog

Orders received

Order backlog

Orders received

Order backlog

Orders received

Order backlog

Orders received

Order backlog

8,275
45,45853,732

13,071
57,46270,533

10,00529,12939,134

14,40747,02061,427

6,552
26,26632,818

7,799
50,26758,066

6,573
36,532
43,104

11,32360,876
72,1992,170
27,091
29,2605,983
41,27447,256

5,670
3,808
9,477

6,551
20,99527,546

1,129
5,024
6,152

7,296
21,301
28,597

778
1,939
2,718

5,881
16,13122,011

1,228
792
2,020

3,374
10,192
13,566

1,110
-482
628

1,887
4,565
6,452

5,852
7,163
13,015
4,927
6,204
11,131
925
959
1,884

2,080
2,080
4,160
1,751
1,783
3,534
329
297
627

3,550
9,400
12,9492,926
8,371
11,297
624
1,029
1,652

1,552
4,489
6,041
1,349
3,907
5,256
204
581
785

4,937
6,227
11,164
4,334
5,869
10,202
604
358
961

1,040
3,359
4,399
874
3,182
4,055
167
177
344

4,326
7,871
12,197
3,757
6,951
10,708
569
920
1,489

1,396
4,590
5,987
1,057
3,886
4,943
339
705
1,044

6,350
6,753
13,103
5,126
6,709
11,834
1,224
45
1,269

1,100
3,309
4,409
981
3,030
4,012
119
279
397

―
―
―

―
―
―

―
―
―

―
―
―

―
―
―

―
―
―

―
―
―

―
―
―

―
―
―

―
―
―

19,79656,42876,22421,70280,537102,238

14,68343,552
58,23523,25672,80996,065

12,26734,432
46,70014,72069,75684,476

12,12645,19557,321

16,09475,65891,752

9,630
33,362
42,992

8,970
49,148
58,118

74.0%

78.8%

74.8%

75.8%

73.7%

82.6%

78.8%

82.5%

77.6%

84.6%

17

Consolidated