Presentation for Mid-Term Management Plan
Transcription
Presentation for Mid-Term Management Plan
Mid-Term Corporate Plan June, 2006 1 Contents 1. Earnings results for the year ended on March 31,2006 2. Mid-Term Management Planning 2 1. Earnings Results for the year ended on March 31,2006 3 Earnings Results for year ended on March 31,2006 (Million of Yen) Consolidated Amount Change from the previous year Non-Consolidated Amount Change from the previous year Net Sales 19,641 -4,470 16,277 -960 Ordinary i n c o m e -2,778 -3,104 -1,363 -1,392 Net income -5,923 -6,069 -5,846 -5,935 4 Main Reasons of the deficit financial report ¾ By the Accounting for the impairment of Asset ¾ Hovering Net Profit in the first half of the year ¾ Depressed Results of TOWA-Intercon ¾ Paper Loss of raw materials, goods in process, equipment for display and loaned equipment ¾ Dealing Expense by withdrawing Wafer cleaning equipment and Bonding related equipment business ¾ Reserve Fund, etc by reduction rearrangement of overseas manufacturing subsidiary companies 5 2. Mid-Term Management Planning 6 Worlds Semiconductor Manufacturing Equipment Market Changes (Hundred Millions of US$) (Hundred Millions of US$) 600 60 Overall Manufacturing Equipment 3 years Average Growth Rate 13.8 % 50 Assembly Equipment 3 years Average Growth Rate 12.4% 400 40 300 30 200 20 100 10 0 Assembly Equipment Overall Equipment 500 0 1999 2000 2001 2002 2003 2004 2005 Semiconductor Equipment Market Scale 2006(E) 2007(E) 2008(E) (Assembly Equipment) Source:SEMI(2005.12Release) 7 Mid-Term Management Guideline Back to our starting point of “Mold Die related technology” and “Manufacturing” as our Core Competence, establish earning structure and construct a new growth line by invest new products “PM series”, as beginning, into the world market 8 1. Re-establish Business Portfolio 1. Concentrate on Molding and Singulation field 2. Develop Core Competence to the growth field , LED market as beginning 3. Pioneer to the new business field by developing New Material, etc 9 2. Strengthening of Sales Strategy 1. Expand our market share by new products “PM Series” and convert to discrimination conversion competition Double-Layer Method * Mold Clamp Pressure 1/2 * Foot Print 30% less than Y series * Compound usage 20 - 30% less than current method Dramatically Reduced COO *Applicable for Green compound PM Series High Release mold die 10 Develope Ceramics New Material for Mold material (Problem) Increased adhesion between compound and mold by using green compound, productivity is decreased by increased cleaning frequency Ceramics New Material Developed Ceramics New Material having High Release mold (Resistance value of mold release, 1/10 less than current material) - Cut down Cleaning process - Simplified mold die by E-pin less structure Loaded on “PM series” 11 2. Strengthen fencing sub-contractor, target top 10 of world major IDM and Taiwan market - Provide the latest packaging technology, SIP (System In Package), Multistage stack, Low-K, etc. - Support Taiwan sub-contractor extending its business to China market - Sales and Marketing of “PM series” 12 Packaging Road Map and TOWA’s Solution MultiMulti-Plunger Method Compression Mold Wafer Level Integrated MAP 1 Line Frame Matrix Flame High density SingleSingle-Plunger Method Package Stack PM Target Single Chip Chip Stack CSP SO/TSOP PBGA DIP Year Mold Thickness (mm) 3 Mold Width (mm) 30 Number of stacked Chips 1 4 Wire Length (mm) Wire Dimention (μm) 25 QFN QFP 1995 1 0.5 50 5 FBGA Stack Die Multi Plunger + Side Gate or Top Gate + FM Vacuum method 2005 0.4 75 2 6 20 0.3 5 18 0.2 100 7 8 15 2015 0.1 ・・・ 150 ・・・ 0.15 120 ・・・ 10 ・・・ 12 10 ・・・ 13 3. Besides Taiwan Market, set up China Market and South East Market as Important area (Hundred Millions of Yen) Net Sales Classified by Area (Consolidated) 120 100 80 60 40 20 0 Japan Taiwan Korea China Others America Europe Asia 2005/3 Result 2006/3 Result 2007/3 Plan 2009/3 Plan 14 4. Win Back Share of Singulation Equipment Field SBS -Small Floor Space and High Throughput by Integrated Dicer and Handler INJ -Available for Curve Liner Cut which has not cut by blade method -Applicable for Composite Material and Hard-cut Material like ceramic 15 5. Bring Equipment into the LED Market (Problem) FFT High density LED need to use Silicone resin which is high cost for ultraviolet measures Clear Resin Clear Resin Lens Ceramic Compression Mold Method - Almost 100% Yield of Resin - Stable mold of Lens shape - Applicable to mass production Silicone Resin (LED) Mold Products 16 6. Develop New Material to Business field of Existing equipment and General electronic parts More than 50% Share of existing market Development of Electronic parts business field New Products “PM series” & New Material 17 3. Optimization of QCD 1. VE (Value Engineering) of Existing products 2. Improvement of the operation rate for overseas manufacturing subsidiary companies 3. Cut down distribution expenses and Shorten the lead time by optimization of production system including overseas manufacturing subsidiary companies 4. Cut down material purchase expenses by increasing overseas material supply 18 4. Improvement of Financial structure 1. Capital stock increase by allocation of new share to a third party (Issued number of new stocks) 1,000,000 shares (Total issued price) 8 hundred millions of yen (Allocate to) Kazuhiko Bandoh (Purpose)- Express the responsibility of Manager - Improvement of capital stock completeness and financial structure (Account of spending fund) - Research & Development of New material 5 hundred millions of yen - IT investment for business rationalization 3 hundred millions of yen 19 2. Repayment of Loan by selling real estate of overseas manufacturing subsidiary companies 3. Reducing inventories by reconsidering prior manufacturing method of platform base 4. Cutting down the collecting term of accounts receivable 20 5. Reduce Fixed Cost 1. Reducing 20% of total group member (1,000 people structure) 2. Cutting back on the number of staff by introducing an early stage retirement favorable system and loaning revolution register (Net 400 people structure) 3. Close down TOWA Singapore and selling the plant 4. Restructuring of TOWA-Intercon Reduce Total 2 billion yen of Fixed cost 21 6. Reconfirm Management Responsibilities ¾ Demolishing reserve fund for executive retirement bonus and abolition this system ¾ Returning total expenses of executive reward for chairman, CEO &COO and cut them down 10 to 20 % for all executives ¾ Cutting down the salary of administrative position staff 22 7. Reformation of company cultures and structures 1. Perfect pursuit of CS (Customer Satisfaction) 2. Enhancement of ES (Employee Satisfaction) 3. Simplification and Flat conversion of the structure 4. Labor–saving and reducing staff by IT introduction 23 Management Target (Hundred Millions of Yen) 350 80 300 60 40 Net Sales 250 20 200 0 150 -20 100 -40 50 Ordinary Profit / Net Profit (Hundred Millions of Yen) -60 0 -80 2005/3 Re su lt 2006/3 Re su lt 2007/3 Plan Pr e c isio n m old c h ase fo r se m ic o n du c t o r m an u fac t u r in g Pac kagin g e qu ipm e n t fo r LED Ot h e r e qu ipm e n t s Ne w m at e r ial r e lat i n g Ne t pr o fit 2 008/3 Plan 2009/3 Plan M o ldi n g e qu ipm e n t Si n gu l at io n e qu ipm e n t M o ldi n g pr o du c t s fo r fi n e plast ic Or din ar y pr o fit 24 The 2006 Fiscal year TOWA Corporation whole company slogan 「 」 Back to our starting Point and toward to the prideful TOWA 25