To Our Shareholders and Investors
I am deeply grateful to you, our shareholders and investors, for your ongoing support of SUMCO.
Last year saw robust demand for semiconductors, for use not only in smartphones but in data centers, self-driving cars, IoT, and also areas such as artificial intelligence (AI). With this backing, the silicon wafer market continued to enjoy strong demand throughout the fiscal year.
In addition to supply and demand tightness for 300 mm silicon wafers, a sharp rise in demand for wafers of 200 mm and smaller since last spring has resulted in even more severe supply shortages than for 300 mm wafers.
In this market environment, in line with the policies of the SUMCO Vision, our Group sought to meet the needs of customers for leading-edge products through technology development, helping them to offer more distinctive products and raising our strong presence with customers. At the same time, we endeavored to raise our profitability by improving productivity to meet volume demands in the tight supply/demand conditions, and by normalizing pricing to enable production increases as appropriate.
The tight supply/demand situation is expected to continue in the silicon wafer market for some time, due to strong semiconductor demand. In this market climate, our Group will seek to further improve our profitability and earnings stability.
I would like to announce that for the period ending December 2017, based on an overall consideration of the profit levels in this period, the future outlook, funding needs for capital investment, and the status of internal reserves, an end-of-term dividend amount of 18 yen per share has been set, bringing the full-year dividend amount to 28 yen per share.
I welcome your continued warm support and cooperation.
Mayuki Hashimoto, Representative Director
Chairman & Chief Executive Officer
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