ROHM Co., Ltd. Financial Highlights for the First Quarter of the Year Ending March 31, 2016

ROHM Co., Ltd. (Headquarter: Kyoto, Japan. President: Satoshi Sawamura.) published the financial highlights for the first quarter of the Year Ending March 31, 2016.

Consolidated net sales for the first quarter of the fiscal year ending March 31, 2016 were 94,920 million yen (an increase of 7.4% from the same time last year) and operating income was 11,567 million yen (an increase of 24.7 % from the same time last year).

Ordinary income after foreign currency exchange adjustments was 15,987 million yen (an increase of 89.4% from the same time last year) and quarterly net income belonging to parent company shareholders was 11,551 million yen (an increase of 70.8% from the same time last year).

The electronics industry was as follows. In IT related markets, smartphones and wearable electronics remained firm, but personal computers declined considerably, including tablet PCs, which previously were growing, due to their rapidly increased diffusion rate. The AV market on the whole was sluggish owing in part to continued stagnation in the camera market, despite increasing sales of high added-value products like 4K TVs*1. The automotive electronics market was steady thanks to increased use of in-vehicle electronics and strong vehicle sales in the USA and Europe.

Working within this business environment, the ROHM Group continued to implement important strategies aimed at improving performance in the mid- to long-term. With regards to products, efforts were directed at expanding lineups via the 4 ‘growth engines’ of [1] IC synergy (with LAPIS Semiconductor Co., Ltd.), [2] SiC-based power devices and power module products, [3] optical devices and related products, and [4] sensor-related products. In current product fields, time and resources were focused on developing and increasing sales of new industry-leading products like the RASMID series *2 of ultraminiaturized components. More specifically, the ROHM Group strengthened its lineups of major ICs and semiconductors for the automotive and industrial equipment markets, both of which are treated as strategic markets. As for SiCs, development moved ahead on new products in anticipation of market needs, such as the world's first trench MOSFET *3, power ICs for tablets and ICs for monitoring lithium ion batteries.

Overseas, the ROHM Group continued efforts to strengthen customer support systems as a means for increasing both sales and market share.

On the production front, the ROHM Group continued to promote RPS (ROHM Production System) activities *4 aimed at enhancing both the quality and efficiency of manufacturing, and worked to increase production capacity of state-of-the-art analog ICs processes such as 300 mm wafers. Furthermore, it was decided to acquire the production lines of the Shiga Factory from a subsidiary of Renesas Electronics Corp. in preparation for increased demand for MEMS sensors and IGBT *5 power devices.

For more detailed information, please refer to the link below.

http://www.rohm.com/documents/11308/2720379/2016_march_1st_quarter_financial_results_en.pdf

[ Consolidated Financial Results]

Unit: Millions of yen