Securing Orders in the Flexible Display and OLED Fields

「We are continuing to actively develop products related to next-generation semiconductor packaging technologies required for artificial intelligence (AI), data centers, automated driving assistance systems for automobiles, big data, 5G, 6G and other high-speed, high-capacity communications technologies, as well as equipment for the manufacturing processes of next-generation batteries such as all-solid-state batteries and perovskite solar cells, with the aim of expanding our technologies into a wide range of applications.」

「Information and Communications field 138 Down 78.2% 184 Down 91.4% Down 242 -」

「In terms of orders, we secured contracts for modification work and spare parts for precision coating equipment for China, as well as contract testing to promote sales of new coaters, but with no new large projects, order intake was ¥87 million, or 19.8% of the same period of the previous year. In terms of sales, progress on relocating precision coating equipment for Taiwan and other work resulted in net sales of ¥94 million, or 11.5% of the same period of the previous year.」

「Information and Communications field 29 Down 91.7% 36 Down 92.2% Down 93 -」

「As a result, contracts were secured for ammonia-combustion research and development for thermal power plants, heat-treatment equipment for automotive parts for the domestic market, liquid-crystal-related clean ovens for China, and, newly, steel heating furnaces for the domestic market. Orders received were ¥20,427 million, or 130.6% of the year-earlier level. In terms of sales, in addition to delivering heat-treatment equipment for automotive parts and precision coating equipment related to flexible displays for China, work progressed on stainless-steel production equipment for China, resulting in net sales of ¥15,925 million, or 101.9% of the year-earlier level.」

「(Information and Communications field) In terms of orders, we secured contracts for RS coaters for electronic devices for the domestic market, among others, bringing order intake to ¥442 million, up 276.3% year on year. In terms of sales, construction progressed on precision coating equipment related to flexible displays for China and precision coating equipment related to semiconductor packages for China, among others, bringing net sales to ¥820 million, up 136.1% year on year.」

「We secured contracts for clean ovens related to LCDs for China, RS coaters for electronic devices for the domestic market, and research and development on ammonia combustion for thermal power plants, among others, bringing order intake to ¥5,954 million, up 181.0% from the same period of the previous year.」

「In terms of orders, we secured contracts for precision coating equipment related to flexible displays for China, among others, bringing order intake to ¥2,307 million, or 118.8% of the previous fiscal year.」

「While working to prevent infectious disease through measures such as telework and restrictions on business travel, the Group adapted its order-taking activities to secure business performance and newly obtained contracts for stainless steel manufacturing equipment for China, heat-treatment equipment for automotive parts, soil-remediation heat-treatment equipment and precision coating equipment related to flexible displays for China. However, it could not avoid the impact of customers' policies to restrain capital investment and maintenance spending due to changes in the supply-demand balance, as well as stagnant sales activities caused by restrictions on personal movement. Orders totaled ¥15,642 million, or 88.3% of the year-earlier period.」

「In terms of orders, order intake fell substantially to ¥160 million, or 16.9% of the same period of the previous year, due to customers reviewing their capital investment plans amid prolonged US-China trade tensions and business negotiations with overseas customers stalling because of government-imposed travel restrictions, among other factors.」

「We secured contracts for stainless-steel manufacturing equipment for China, precision coating equipment related to flexible displays for China, and, newly, exhaust-gas treatment equipment for the steel industry, among others. However, as there were fewer large projects than in the same period of the previous year, order intake remained at ¥17,723 million, or 55.3% of the same period of the previous year.」

「Meanwhile, in the display industry, although the shift toward OLED in premium smartphones progressed further, some equipment installations were postponed due to stagnant demand for small- and medium-sized flexible OLED panels.」

「In terms of orders, we secured contracts for precision coating equipment related to flexible displays for China, as well as ovens related to flexible displays for the domestic market, bringing order intake to ¥2,804 million, or 79.8% of the same period of the previous year.」

「In addition to large contracts for energy-saving heating furnaces for the domestic steel industry, continuous annealing lines for copper strip, and precision coating equipment related to flexible displays for China, we secured contracts for heat-treatment equipment for functional materials related to semiconductors and carbon heat-treatment furnaces, bringing order intake to ¥32,039 million, or 102.8% of the same period of the previous year (Energy ¥27,129 million, 109.8% of the same period of the previous year; Information and Communications ¥2,250 million, 73.8%; Environmental Protection ¥1,910 million, 73.1%; Other ¥2,332 million, 85.4%).」

「In terms of orders, we secured contracts for precision coating equipment related to flexible displays for China, as well as ovens related to flexible displays for the domestic market, bringing order intake to ¥1,743 million, a substantial increase to 504.8% of the same period of the previous year.」

「In addition to large contracts for continuous annealing lines for copper strip and continuous rubber-coating lines for metal strip for the domestic market, and precision coating equipment related to flexible displays for China, order intake was ¥12,414 million, or 246.7% of the same period of the previous year (Energy ¥9,609 million, 229.6% of the same period of the previous year; Information and Communications ¥1,215 million, 753.1%」

「We secured a contract for precision coating equipment related to flexible displays from a major Chinese panel manufacturer, as well as contracts for precision coating equipment related to OLED materials and modification work on LCD-related film production lines for the domestic market. However, some customer orders were postponed to the following fiscal year, resulting in order intake of ¥3,516 million, or 86.2% of the same period of the previous year.」

「For overseas markets, we also secured contracts for precision coating equipment related to flexible displays for China, duct burners for denitrification equipment for the Vietnamese steel industry, and heat-treatment equipment for automotive parts for Taiwan,」

「Meanwhile, in the display industry, investment in the OLED field expanded against a backdrop of OLED adoption in premium smartphones and the trend toward larger televisions. In terms of orders, we secured contracts for modification work on LCD-related film production lines for the domestic market, among others, but some projects were scheduled to receive customer orders in the second half, leaving order intake at ¥345 million, or 14.8% of the same period of the previous year.」

「In terms of orders, we secured contracts for precision coating equipment related to LCDs for China, precision coating equipment related to organic solar cells for China and Taiwan, precision coating equipment related to organic semiconductors for Europe, and precision coating equipment related to flexible displays for the domestic market, among others, bringing order intake to ¥4,081 million, a substantial increase to 228.4% of the same period of the previous year.」

「Meanwhile, in the Information and Communications field, activity was seen in LCD manufacturers' capital investment, while plans for mass-production investment in the company's focus area of flexible displays also began to take concrete shape. In terms of orders, we secured contracts for precision coating equipment related to LCDs for China and precision coating equipment related to touch panels for Taiwan, among others, bringing order intake to ¥2,332 million, a substantial increase to 211.3% of the same period of the previous year.」

「Overseas, we secured contracts for precision coating equipment related to LCDs for China, continuous aluminum coating lines for Southeast Asia, and a demonstration project for energy-efficient heating furnaces for India,」

「Meanwhile, in the Information and Communications field, we will expand sales in the flexible-display market and secure orders in the OLED field, where broad adoption is expected for smartphone and other screens.」