Market Forecast Report -Semiconductor and FPD Manufacturing Equipment-

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1 Market Report -Semiconductor and FPD Manufacturing Equipment- [ fiscal year] Published in January 8th, 213 Semiconductor Equipment Association of Japan

2 [Overview] This report provides a forecast trend for Semiconductor and FPD manufacturing equipment. The fully-considered results made in this forecast report are by the Semiconductor Research and Statistics sub-committee and the FPD Research and Statistics sub-committee of the Semiconductor Equipment Association of Japan (hereinafter called SEAJ, Chairman Dr. Hidehito Obayashi), and as the result of market trend research from both the Board of Directors and auditors (total 17 companies) by SEAJ consensus. For Semiconductor manufacturing equipment, investments have been postponed due to the influence of decreasing the demand across the semiconductor market, with weaker consumption because of the stagnant world economy and also a slowdown in the NAND. In 212, the fiscal year sales are estimated to decrease by 18. percent to 1,36.4 billion yen (July forecast was estimated to increase by.3 percent, was revised downward 18.3 percent). In 213, fiscal year sales are expected to increase by 1. percent to 1,46.8 billion yen (July forecast was estimated to increase by 1. percent, was revised downward 9. percent), although investments have been postponed since the first half of the fiscal 212 and with an expected turning point in the sluggish economy starting in the second half of 213. In 214, the fiscal year sales are forecasted to increase by 2. percent to 1,256.1 billion yen. It is remain at the same level as 211 due to the continuous growth from the second half of 213. For FPD manufacturing equipment, 212 fiscal year sales are forecasted to decrease by 35.4 percent to 21 billion yen due to postponed investments for large panel TV production, with the investments focused only high-definition and small and medium sized type panels. Therefore, this equipment market shows negative growth in two consecutive years. In 213, the fiscal year sales are estimated to increase by 4. percent to 294 billion yen due to the new investments for TV panel lines in China. In 214, the fiscal year sales are forecasted to decrease by 6.5 percent to 275 billion yen. (1) period: the fiscal year of 212 to 214 for three years (2) items: Japanese Equipment and Japanese Market for Semiconductor and Japanese Equipment for FPD manufacturing equipment (3) Background (Semiconductor Industry) The International Monetary Fund (IMF) World Economic Outlook published in October 212 remarked that global economic activity is forecasted to grow 3.3 percent in 212, and up 3.6 percent in 213. It announced a downward revision.2 percent in 212 and.3 percent in 213. For the electronics market, while smart phones and tablet sustain business growth, single-function devices such as DSC, MP3 player, and others, which had been previously driving the market, are slowing down. The multi-function device market is expanding into the single-function device market. According to World Semiconductor Trade Statistics (WSTS) Semiconductor Market Autumn 212, the semiconductor market in 212 is expected to decrease by 3.2 percent to billion dollars, a downward revision from the Spring that estimated.4 percent growth. Continuous growth is forecasted as sales are expected to increase 4.5 percent in 213 and 5.2 percent ii

3 in 214. In 212, although business performance and sales for semiconductor companies providing devices for smartphones, such as fabless semiconductor companies and foundries,, memory makers are suffering from poor business results due to the unbalance between supply and demand. However, the memory market is expected to increase capital investment due to the recovery between supply and demand from the second half of the fiscal year of 213 and into 214. (FPD Industry) The global TV market, which drives large panel demand, has been suffering from excess supply over demand and from the depressed prices of panels since the second half of 21. As a result, panel makers performance has dramatically deteriorated with some exceptions. On the other hand, the sales of high-definition viewing, small and medium-sized type panels, and Inorganic EL displays are forecasted to be strong growth drivers with major breakthroughs in the smartphone and tablet markets. Especially the large-scale investments for Inorganic EL displays will be expected not only the Republic of Korea but in Taiwan and China as well. (4) Summary [ of Japanese Equipment Billings for Combined Semiconductor and FPD Manufacturing Equipment] In 212, total semiconductor and FPD equipment sales are decreased by 21.5 percent to 1,246.4 billion yen. In 213, total semiconductor and FPD equipment sales are forecasted to increase by 7.6 percent to 1,34.8 billion yen as FPD equipment sales will pull up total equipment sales. In 214, sales are expected to increase by 14.2 percent to 1,531.1 billion yen as semiconductor equipment sales are expected to recover. [ of Japanese Equipment Billings for Semiconductor Manufacturing Equipment] In 212, sales will decrease by 18. percent to 1,36.4 billion yen. In 213, equipment sales are forecasted to increase slightly by 1. percent to 1,46.8 billion yen with recovery. In 214, sales are forecasted to increase continuously by 2. percent to 1,256.1 billion yen, approximately same level of 211. [ of Japanese Market Billings for Semiconductor Manufacturing Equipment] In 212, sales are sharply decreased by 45. percent to 25.4 billion yen. In 213, sales are expected to increase by 27.8 percent to 32. billion yen. In 214, sales are estimated to grow by 1. percent to 352. billion yen. [ of Japanese Equipment Billings for FPD Manufacturing Equipment] In 212, sales decreased by 35.4 percent to 21 billion yen resulting in two consecutive years of sales declining by double-digits. In 213, FPD equipment sales are estimated to increase by 4. percent to 294 billion yen, mainly due to the recovery from the postponement in 212 of new investments for large panel manufacturing in China. In 214, the sales are forecasted to decrease by 6.5 percent to 275 billion yen because new large panel investments will slow down. iii

4 July 212 for Semiconductor and FPD Manufacturing Equipment 1.Semiconductor and FPD Manufacturing Equipment for Japanese Equipment Billing * "Japanese Equipment Billing " = Japanese manufacturers Domestic and Oversea Billing. Billings(1 million Yen) 3, Growth Rate(%) 8 25, 4 2, 15, 年度 4 1, 8 5, (Fiscal Year) Semiconductor FPD Growth Rate (CAGR: ) Fiscal Year CAGR Semiconductor 8,575 11,671 15,981 15,169 17,778 18,51 7,954 6,528 12,415 12,637 1,364 1,468 12,561 FPD 2,847 3,575 5,614 5,272 5,429 3,761 5,31 2,887 3,84 3,25 2,1 2,94 2,75 Total (1 million yen) 11,422 15,246 21,596 2,441 23,26 22,271 12,985 9,415 16,255 15,887 12,464 13,48 15,311 Growth Rate (%) % * Publication, duplication or assistance of such activities of this report without permission by SEAJ is prohibited. P.1

5 July 212 for Semiconductor Manufacturing Equipment 2. Semiconductor Manufacturing Equipment for Japanese Equipment Billing * "Japanese Equipment Billing " = Japanese manufacturers Domestic and Oversea Billing. Billings(1 million Yen) 2, 18, 16, 14, 12, 1, 8, 6, 4, 2, Growth Rate(%) Semiconductor GrowthRate (Fiscal Year) (CAGR: ) Fiscal Year CAGR Total (1 million yen) 8,575 11,671 15,981 15,169 17,778 18,51 7,954 6,528 12,415 12,637 1,364 1,468 12,561 Growth Rate (%) % for Japanese Market Billing * "Japanese Market Billing" = Domestic Billing of Japanese and Foreign manufacturers. Billings(1 Million Yen) 12, 1, Growth Rate(%) , 4 6, 4, 4 2, Semiconductor GrowthRate (Fiscal Year) (CAGR: ) Fiscal Year CAGR Total (1 million yen) 4,452 6,634 7,918 8,658 1,241 1,694 5,567 2,13 4,162 4,552 2,54 3,2 3,52 Growth Rate (%) % * Publication, duplication or assistance of such activities of this report without permission by SEAJ is prohibited. P.2

6 July 212 for Semiconductor and FPD Manufacturing Equipment 3.FPD Manufacturing Equipment for Japanese Equipment Billing * "Japanese Equipment Billing " = Japanese manufacturers Domestic and Oversea Billing. Billing (1 million ) 7, 6, 5, 4, 3, 2, Growh Rate(%) , FPD Growth Rate (Fiscal Year) (CAGR: ) Fiscal Year CAGR Total (1 million yen) 2,847 3,575 5,614 5,272 5,429 3,761 5,31 2,887 3,84 3,25 2,1 2,94 2,75 Growth Rate (%) % * Publication, duplication or assistance of such activities of this report without permission by SEAJ is prohibited. P.3