To Our Shareholders and Investors
I am deeply grateful to you, our shareholders and investors, for your ongoing support of SUMCO.
In the market for semiconductor silicon wafers, our mainstay 300mm silicon wafers continued the trend of strong demand growth seen in the previous quarter, driven by advances in smartphone functions, data center needs, and semiconductor use in information and communications modules.
Demand for smaller wafers is recovering rapidly, as they are used for a growing array of semiconductors and electronic components. Among the application areas are automobiles, which depend increasingly on electronics for features like Advanced Driving Assistant System, and wearable devices.
On the other hand, the yen exchange rate has risen by around 10 yen this year, with a major impact on the Group’s results.
Normally, inventory adjustments are seen in the fourth quarter of the fiscal year. This year, however, we expect strong demand to continue as the buying intention of customers is unabated in the favorable semiconductor market environment.
In this market environment, in line with the policies of the SUMCO Vision, our Group will further seek to raise our presence with customers through technology development aimed at meeting their needs for leading-edge, distinctive products. At the same time, we will endeavor to improve our break-even point through cost reduction.
Earlier we announced that the dividend amount for the period ending December 2016 was not yet decided. Now, 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, we have decided on an interim dividend of 5 yen and an annual dividend of 10 yen per share.
I earnestly ask for your continued support and cooperation.
Mayuki Hashimoto, Representative Director
Chairman & Chief Executive Officer
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