Vol.255
Week ended November 11, 2007 |
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Vol.255 |
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ŸHigh-tech Sector ŸEarnings Roundup ŸInitial Public Offerings ŸBasic Electronics Industry Statistics |
| DRAM Prices Plunge amid Supply Glut Prices of DRAM, the representative semiconductor memory, plunged below one dollar for the first time in six years. While production of personal computers in which many of these chips are installed is brisk, supplies have outpaced demand as semiconductor manufacturers have boosted production and squeezed prices. While personal computer manufacturers welcome the situation, lower prices will hurt semiconductor manufacturers. The price of the mainstay 512MB DRAM was US$0.91-US$1.2, about one-sixth of the price at the beginning of the year. |
| Electronic Materials Production Brisk in August Production of electronic materials in August rose 12% year-on-year to \43.7 billion, according to JEITA, the electronic industryfs trade association. The highest production gains were in metallic materials, with materials for lamps and lead frames chalking up 51% and 61% gains, respectively. On the other hand, production of soft ferrites was down 3%. |
| Shift to Larger Size FPD Televisions Slows Down While total sales of flat panel televisions continue forge ahead, the shift toward larger sizes seems to have slowed. Total sales of FPD TVs in the first nine months of year increased nearly 30% from the same period a year earlier to 4.7 million units, according to JEITA. However, the share of models larger than 40h remains a shade below 20%. About half of all FPD models sold in Japan are between 32h and 40h. The primary reason for the slow shift is higher price tags manufacturers have put on larger models as they and retailers try to compensate for the declining prices on smaller models. |
| Chinafs Electronics Industry Forges Ahead Sales of electronic goods in China in the first nine months of 2007 were up 20% year-on-year to 3.4 trillion yuan, according to Chinese government statistics. On the production basis, output of mobile phones was up 25.4% in volume and that of personal computers rose 34.7%. Output of VTRs was up 45.5%. |
| Silicon Wafer Shipments in 3Q Flat Global shipments of silicon wafers in the July-September quarter totaled 2.17 square inches, almost unchanged from the previous quarter but up 5% year-on-year, according to SEMI, the semiconductor industryfs trade body. The trade body is predicting an annual growth rate of about 8%. |
| SEAJ Announces SME Demand Forecast Demand for Japan-made semiconductor production equipment will rise at an annual rate of 7.8% (CAGR) and reach \2.9 trillion in 2009, according to SEAJ, a SME trade body. Sales of SME in Japan in fiscal 2007 will, however, fall 7.9% dragging down the CAGR for the most recent three-year period to 0.2%, the trade body warned. |
| Demand for Flash Memory MCUs Rising Rapidly Demand for semiconductor products installing flash memories in MCUs is rising rapidly as manufacturers have expanded the line up and managed to lower power consumption. Since these semiconductors allow memory to be reprogrammed at device manufacturers, it helps to shorten new product development cycles. As a result, a shift from the mask-ROM is accelerating. |
Yamada Denki (9831 TSE1) Posts Record High Interim Sales |
| Meiko (6787 JAQ) Reports Sharply Higher Interim Net Income Meiko (Stock code: 6787) posted a 59.6% year ?on-year gain in consolidated operating income on a sales gain of 30.7% to ¥38.8 billion. Interim net income was up 2.3 fold to ¥2.7 billion. Printed circuit board sales were up 26.9% to ¥35.0 billion and sales of electronic devices rose 79.5% to ¥3.8 billion. The company forecasts full year net income of ¥4.8 billion, up 49.8%, on sales of ¥77 billion, an increase of 17.9%. |
| Interim Net Rises at NEC Tokin (6759 TSE1) Consolidated net sales for the interim period declined 4% year-on-year to ¥64.7 billion at NEC Tokin (Stock code: 6759). Although operating income and ordinary income fell 20.2% and 44.9%, respectively, net income was up 33.6% to ¥538 million. Sales were lower in all of its three major segments: energy devices, network devices and functional devices. |
| Shimadzu (7701 TSE1) Reports Higher Interim Sales Shimadzu Corp. (Stock code: 7701) reported a 15% gain in interim consolidated sales to ¥138.2 billion. Operating income rose 10.3% to ¥12.4 billion. Net income was ¥6.58 billion. Domestic sales rose 10.9% to ¥95.3 billion. Overseas, sales were up 38.2% to ¥13.5 billion in the Americas, 26.7% to ¥10.1 billion and 18.6% to 19.3 billion in Asia and Oceania. For the full fiscal year, the company is projecting net income of ¥14.8 billion, up 10.6% on sales of ¥283.0 billion, an increase of 7.8%. |
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START TODAY(3092 MTH)
START TODAY CO.,LTD (Stock code: 3092), an Internet shopping mall operator, will list on the Mothers market of the Tokyo Stock Exchange on December 11. The company will offer 17,000 shares to the public in its initial public offering. Of those, 10,000 are newly issued shares and 7,000 are shares currently held in private. The tentative offering price will be decided on November 21. The fixed offering price will be announced on November 30. Nomura Securities, the lead underwriter of the offer, has an option to offer an additional 2,500 existing shares in the event of exceptional demand. The company expects to net 1.46 billion yen from the IPO. For the current fiscal year through March 2008, the company forecasts non-consolidated net income of 778 million yen on sales of 8.27 billion yen, earnings per share of 7,045.98 yen. |
| Prod. |
Ship. |
Inv. |
Capacity utilization |
H. Elec. machinery |
Cons. appliances |
Electronics Sector |
Cons. electronics |
Industrial electronics |
Elec. devices |
Semicon (Production) |
Consumer electronic (sales) |
|
Oct |
113.2 |
118.7 |
83.4 |
80.5 |
2,474 |
1,500 |
17,032 |
2,897 |
5,311 |
8,823 |
3,904 |
218 |
Nov |
112.9 |
118.2 |
85.0 |
82.9 |
2,507 |
1,545 |
17,643 |
2,939 |
5,972 |
8,731 |
3,823 |
238 |
Dec |
111.6 |
116.0 |
83.6 |
85.4 |
2,568 |
1,771 |
16,809 |
2,468 |
6,005 |
8,337 |
3,544 |
306 |
Jan |
110.8 |
116.8 |
82.9 |
76.3 |
2,327 |
1,342 |
15,193 |
1,657 |
5,335 |
8,201 |
3,626 |
257 |
Feb |
110.4 |
117.4 |
84.0 |
84.1 |
2,507 |
1,463 |
16,648 |
2,070 |
6,535 |
8,043 |
3,539 |
177 |
Mar |
102.6 |
112.3 |
78.9 |
94.7 |
3,487 |
1,550 |
19,984 |
2,448 |
8,513 |
9,023 |
4,053 |
214 |
Apr |
108.9 |
114.8 |
78.3 |
96.5 |
2,410 |
1,739 |
15,644 |
2,552 |
5,024 |
8,068 |
3,592 |
205 |
May |
110.3 |
117.3 |
77.2 |
101.5 |
2,359 |
1,624 |
15,402 |
2,427 |
4,781 |
8,195 |
3,722 |
198 |
June |
108.6 |
118.2 |
72.4 |
116.2 |
2,615 |
1,828 |
16,731 |
2,357 |
5,956 |
8,419 |
3,835 |
209 |
July |
112.0 |
114.8 |
79.8 |
105.5 |
2,569 |
1,645 |
18,515 |
2,251 |
5,934 |
10,330 |
3,991 |
280 |
Aug |
114.5 |
123.6 |
75.1 |
72.9 |
2,474 |
1,198 |
16,581 |
2,268 |
5,532 |
8,781 |
3,995 |
255 |
Sept |
111.5# |
117.3# |
72.9 |
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YoY |
1.5 |
2.0 |
-10.6 |
1.3 |
7.1 |
-5.2 |
4.6 |
14.3 |
4.4 |
2.4 |
2.0 |
22.4 |
Base year 2000 = 100 (seasonally adjusted); 100 million yen, Y-o-Y: year-on-year percentage change, * preliminary Source: Ministry of Economy, Trade and Industry; Japan Electronics Industry Association and other trade associations |
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