Quarterly Financial Results
for the Three-month Period
Ended June 30, 2019

I. Financial Results and Outlook
The three-month period ended June 30, 2019（April 1, 2019 - June 30, 2019）1

I. Summary of Financial Results
Overview
The sales of automotive related business went well. On the other hand, corporate capital expenditure forsemiconductor memory and organic EL display has been slow for a long time and our sales ofsemiconductor related business also slowed down. In consequence, the sales and profit decreased.
(Units in millions of Yen)49,239(Units in millions of Yen)

Apr. 2018 –Jun. 2018
(Actual)Apr. 2019 –Jun. 2019(Actual)Apr. 2018 - Jun. 2018
YoY Change

Sales

14,621

13,827△5.4%

Operating
Income1,471

593△59.6%

Ordinary
Income1,691

627△62.9%

Profit attributableto owners of theparent company

1,123

430

△61.7%

Apr. 2019 - Jun. 201933,931

19,378
14,621
13,827

Sales

18,172

Orders Received

Orders Outstanding

2I. Breakdown of Sales by Business Unit
100%

10.9%

9.0%
16.9%

26.3%

11.4%

19.2%

28.8%
31.4%

13.8%

17.7%

13.6%

24.8%

9.4%

31.5%

4.6%

2.4%

18.8%

18.7%

21.7%

5.8%

23.6%

30.1%

26.6%

27.7%

3.5%

40.1%

39.6%

37.6%

37.1%

17／03

18／03

33.5%

34.1%

30.2%

20.4%
21.1%
38.0%

41.9%

24.9%

30.1%

30.3%

15／03

16／03

42.4%

36.5%

14.0%
0%
11／03

12／03

13／03

Automotive Production
Semiconductor Production
Others

14／03

19／03

FPD(Flat Panel Display) Production
Home Appliances Assembly and other facilities*The figure of FPD related business was integrated into semiconductor related business since April 2012.

20／031Q3

I. Factor Analysis on Changing Operating Income△200mil
Decreasein sales

1.47bn△870mil△630mil△30milIncreasein rateof COGS

Increasein SG&A590mil

Apr. 2018 – Jun. 2018
Operating Income

Apr. 2019 – Jun. 2019
Operating Income4I. Balance Sheet
Balance Sheet(Units in millions of Yen)

Asset

Apr. 2018 –Mar. 2019

Current Assets

64,321

Apr. 2019 –Jun. 2019

58,005YoY Change△6,316

Fixed Assets

26,252

26,199△52

Tangible
Fixed Assets
Intangible FixedAssets
Investments
and other assets

20,336

20,175△161676634△425,238

5,390＋151

Total Assets

90,57384,204△6,368

Liabilities

Apr. 2018 –Mar. 2019

Apr. 2019 –Jun. 2019

YoY Change

Current Liabilities

36,71831,748△4,969Fixed Liabilities

7,244

6,650

△594

Total Liabilities

43,96338,398△5,564

Total Net Assets

46,61045,805△804

Capital Ratio

50.9%

53.8%

＋2.9Point

Net Assets

Main impact factors
AssetsLiabilities/Net Assets

Trade receivables△5,972

Trade payables△4,112

Cash/deposit with banks△1,285

Debt with interest△1,226Inventories＋940

Accumulated earnings△8665

I. Assumed exchange rate, etc.
Assumed exchange rate
(Units in Yen)

Assumed exchange rate

From Apr. 1, 2019 to Jun. 30, 2019
(Actual rate)

From Jul. 1, 2019
(Applied assumption rate)

Exchange rate（against USD）

109.49100.00Transition of our stock prices(Units in Yen)

Transition ofour stock prices

Apr. 1, 2019 to Mar. 31, 2020

Apr. 1, 2017 toMar. 31, 2018

Apr. 1, 2018 toMar. 31, 2019

High

14,720

10,580

8,030

7,530

6,440

Low

8,030

4,285

7,350

5,100

4,945

End of period

9,780

7,640

7,600

5,200

6,250

April

MayJune

PER／PBR／ROE
PER／PBR／ROE

Apr. 1, 2017
to Mar. 31, 2018

Apr. 1, 2018
to Mar. 31, 2019

Apr. 1, 2019
to Jun. 30, 2019

PER（x）

15.26

17.33

－※PBR（x）

2.26

1.72

1.43

ROE（％）

18.18

10.06

－※

Please note that there is no information on PER & ROE due to incomparable numbers on the basis of quarterly profit.

6

I. Sales, Orders Received and Outstanding by Business Unit
(Units in millions of Yen)

Business Unit

SalesOrders
Received

OrdersOutstanding

Apr 2018– Jun 2018

Apr 2019- Jun 2019

YoY
ChangeAutomotive

3,456

5,047

＋46.0%

Semiconductor

7,617

4,721

△38.0%

Home appliances & others

3,097

3,258

＋5.2%

Others450

800＋77.6%

TOTAL

14,621

13,827△5.4%

Automotive

11,4886,657△42.1%

Semiconductor

4,424

8,452

＋91.0%

Home appliances & others

3,156

2,279

△27.8%

Others310

783＋152.5%TOTAL

19,37818,172△6.2%

Automotive

25,48916,360△35.8%

Semiconductor

12,703

11,830△6.9%

Home appliances & others

10,8405,142△52.6%

Others206

597＋189.9%TOTAL

49,23933,931△31.1%
7I. Global Business Overview
Sales by regionChina/TaiwanEurope

North America
HCA（U.S.A）

HAS, HME（Shanghai, China）

Had a hard time with
automotive sales due
to auto markers’ lessinvestments on plantand equipment

Revenue growth in the automotive segment

South-east Asia

HEE（Germany）
Focus on automotive
business on the
background of EV
investment

HET（Thailand）

HCT（Taiwan）

HFM（Malaysia）

Sales of semiconductor related
business on a weak note

HSL（Singapore）

HEM（Mexico）

Had a hard time with
automotive sales due
to auto markers’ lessinvestments on plantand equipment

Focus on receiving orderscontinuously mainly in thehome appliance segment(Units in millions of Yen)

JapanAsia

North America
19/3
1Q

20/3
1QEurope

19/3
1Q

20/3
1Q

19/3
1Q

20/3
1Q

19/3
1Q

Sales

12,387

11,024

1,162

1,819

942

798

128

Operating
Income

1,378

193

44613

63

△168

△20TOTAL

20/3
1Q

19/3
1Q

20/3
1Q

185

14,621

13,827△211,466

616

Please note that total figure of operating income is before consolidation adjustments between regional segments.

8I. Business update on Organic EL/EV businesses
Business update on Organic EL/EV businesses(Units in millions of Yen)

Apr. 2018 – Jun. 2018
Amount oforders received

Sales

Apr. 2019 – Jun. 2019
Amount oforders received

Sales

Organic EL-related business

222

3,152

4,759

1,096

Electric vehicle related business

4,131

623

1,876

677

●Organic EL related business
The sales of organic EL related business accounted for about 23% of its total

semiconductor sales, which was the decrease of 65% over the previous year. The
incoming orders increased at a great rate.
●Electric Vehicle related business
The sales of EV related business accounted for about 13% of its total automobile sales,

which was the increase of 9% over the previous year. The incoming orders wasdecreased by 55% over the previous year.
9Ⅱ Market Trend andForecast for FYE March 2020
The three-month period ended June 30, 2019（April 1, 2019 - June 30, 2019）10

II. Forecasts for FYE March 2020: Earnings Forecast
Please note that there is no revision on our business forecasts.

(Units in millions of Yen)FY2019/3(Actual)Sales

FY2020/3(Forecast)

77,30270,000Automotive

32,76029,000

Semiconductor

25,93922,000Home Appliances & others

16,78017,000

1,821

2,000

OthersOperating Income（margin）

6,249(8.1%)

2,300（3.3％）

Ordinary Income（margin）

6,306(8.2%)

2,200（3.1％）

Profit attributable to owners of
the parent company（margin）

4,637(6.0%)

1,400（2.0％）

Reasons for the full-year sales estimate and measures for achieving our business targets
 We foresee both sales and profits would be lower than those of the previous year under the unclear situation ofincoming orders environment.
 We make use of our global capabilities and the know-how we developed in order to exploit new market and customers
which can be expected to grow besides the existing business domains. We also review our cost structure byintroducing the latest processing machines for better production efficiency and investment for our new plant, andstrengthen our revenue base even under an explosive market.

11II. Forecasts for FYE March 2020: Business Environment
Automotive-related businessIn terms of automobile sales, the US market remains flat and the China market slows down a bit. Under thesituation, developing countries have been leading the global automobile sales. In Japan, consumers’
incentive to purchase automobiles before consumption tax increase are expecting even though the domestic
market is to slow down slightly. We received orders for electric vehicle related equipment especially fromJapanese and European manufacturers in the last fiscal year. We work harder to expand our markets inglobal base continuously.

Semiconductor-related businessWe see a slowdown in the semiconductor market and also a bearish condition in business investment fororganic EL for display. We work harder to receive more orders for silicon wafer transfer related businessagainst the backdrop of extensive investment for 5G and demand increase of in-car device.

Home appliances and other facilities businessWe work closely with our clients, the high-performance home appliance producers, to ensure future orders
for their next models’ investments.

12

Ⅲ. Reference Data
The three-month period ended June 30, 2019（April 1, 2019 - June 30, 2019）13

III. Quarterly Trends of Sales by Business Unit
Sales by Business Unit

(Units in millions of Yen)

27,218AutomotiveSemiconductor
Home appliances & others
Others918

21,419979
4,016

22,195

6,196

19,594
1,140
3,297

8,627

14,621

20,234

20,251

533

392

444

3,588

4,467

5,626
6,891

450
3,097
10,47813,827
800

6,710

8,353

4,720

3,258

4,721

7,617
11,475
5,944

8,663

6,803

9,459

11,180
5,047

3,456

2Q

3Q
2018/3

4Q

1Q

2Q

3Q
2019/34Q

1Q
2020/314

III. Quarterly Trends of Received Orders by Business Unit
Received Orders by Business Unit

(Units in millions of Yen)

Automotive
Semiconductor

22,623

22,913624

549

23,643

Others438

19,378

3,433
5,340

Home appliances & others

9,011

18,172310

16,738

3,156

447
8,533

4,424

10,773

13,14813,141

809

521

2,713

2,779

8,472
3,339

2Q

2018/3

4,759

8,452

5,620

4Q

8,059

6,286

5,720

3Q

3,471

11,488

10,396
5,885

783
2,279

6,657

4,220

1Q

2Q

3Q
2019/34Q

1Q
2020/315

III. Quarterly Trends of Orders Outstanding by Business Unit
Outstanding Orders by Business Unit

1,416

825

44,481

206

7,966

346

10,8407,830

Automotive
Semiconductor
Home appliances & others
Others49,23948,05644,738(Units in millions of Yen)

45,152

10,781622

35,042

9,085

699
12,703

16,051

6,238
9,332

15,87033,931
29,586
613

597
5,142

6,121

15,896
10,231

11,8308,099

19,6202Q

25,48923,213

23,112
17,872

17,4583Q
2018/3

4Q

1Q

2Q

3Q
2019/3

14,751

16,3604Q

1Q
2020/316

III. R&D, CAPEX, Depreciation and Amortization(Units in millions of Yen)

Apr. - Jun. 2018
Apr. - Jun. 2019

1,224

285

279

293

214

94

R&D Expenses

Capital Expenditures

Depreciation & Amortization
17III. Key Financial KPIs/Indicators
Account Receivables/Turnover period

Inventory/Turnover period(Days)(Units in millions of Yen)

(Days)(Units in millions of Yen)

12,699 12,076

45,642 43,573 46,469 43,963

10,38637,990210199200213

195

Mar19 1Q Mar19 2Q Mar19 3Q Mar19 4Q Mar20 1Q
A/R

7,752
4855504339

Mar19 1Q Mar19 2Q Mar19 3Q Mar19 4Q Mar20 1Q

Turnover period

Inventory

Debt with interest/Debt equity ratio/Net debt equity ratio

8,693

Turnover period

Total shareholder’s equity/Equity ratio
(％)

(X)

(Units in millions of Yen)

24,0810.530.25(Units in millions of Yen)

45,660 45,662 45,448 46,107

20,707 21,463 18,862
17,6350.45
0.23

0.47

0.41

0.31
0.160.39

D/E ratio

49.3

49.5

53.8

0.17

Mar19 1Q Mar19 2Q Mar19 3Q Mar19 4Q Mar20 1Q
Debt with interest

47.0

50.9

45,312

Net D/E ratio

Mar19 1Q Mar19 2Q Mar19 3Q Mar19 4Q Mar20 1Q
Total shareholder's equity

Please note that accounts receivable turnover period and Inventory turnover period list its average number of each quarter.

Equity ratio

18Cautionary statement with this document

Forecasts and other forward-looking statements presented here
represent judgment we made based on information available at thetime this presentation was prepared, and involve risks oruncertainties, such as economic conditions, competition with rival
companies, and exchange rate. Readers should understand,therefore, that actual results may be significantly different fromforecasts referred to or stated here due to changes in businessenvironments and other factors.

19