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Fiscal 2011 Business Overview and Results Outlook for Fiscal 2012
Fiscal 2011 Business Overview and Results
Mergers among major manufacturers led to further
consolidation of the semiconductor industry in 2010, yet the
market grew more than 30% overall on such factors as a
renewal of momentum following the Lehman Shock, and robust
demand for smartphones, tablet PCs and other mobile devices.
If we confine our discussion to photomasks, however, the
recovery was somewhat muted. This was for the reason the
upturn for semiconductor makers was sharp enough that they
had little time for rolling out new products. Most were busy
mass producing to keep up with demand, and many had to resort to continually using their
existing photomasks. As a consequence, photomask demand from foundries actually declined
year on year. Even so, Hoya achieved slight growth in photomask sales.
Moreover, a trend had begun to emerge for major semiconductor makers to produce their high-
precision photomasks in-house. Against this backdrop, Hoya took initiatives to supply premium-
quality photomasks needed to support advanced semiconductor development, along with its
emphasis of the middle and lower end of the photomask market.
Outlook for Fiscal 2012
In fiscal 2012, demand for leading-edge products at the 40 nanometer node is expected to rise.
On the other hand for Hoya, the middle and low end of the domestic market therefore holds
promise. In fiscal 2012, the Company will endeavor to increase its exposure to these segments
of the market, with a view to steadily growing earnings. In addition to cementing its position in
this manner, Hoya remains committed to supplying high-precision photomasks as well.
The Company also aims to leverage its advantages as an integrated photomasks manufacturer
from mask blanks on up. Ties between the photomask and mask blank businesses will be
strengthened more than ever with a view to encouraging information sharing and cooperation in
such areas as process evaluation and product development.
Photomasks for semiconductor
production
ANNUAL REPORT 2011