2Q'10 LED revenue decline slightly does not affect Toyota's long-term plan for 2013 production capacity target of 10 billion

Toyota Synthetic is a Japanese LED manufacturing company. In 2010, LED has an annual production capacity of 5 billion, and its global market share is 10%. If you only look at its main LED backlight market for computer LCD displays, the global market share is as high as 60%. Therefore, it not only plays an important role in the global LED market in Japan.

Toyota Synthetic's business is mainly divided into two parts: automotive parts and non-vehicle parts. The non-vehicle parts division can be divided into optical electronics department and special function product department. LED is the most important product of optical electronics department. Although the department's revenue accounts for less than 10% of Toyota's total revenue, it is the department with the highest operating profit rate, and its revenue share has also increased year by year.

In fact, observing the revenue of Toyota Synthetic Optical Electronics Division from 2006 to 2009, it can be found that not only the proportion of Toyota's total revenue has increased year by year, but also the revenue of the company has been negatively affected by the financial tsunami in 2008. Increased to reach 33.2 billion yen (about 400 million US dollars) in 2009, the highest in history.

Toyota Synthetic said that despite the slowdown in LED TV and NB panel shipments in the third quarter of 2010 (equivalent to the second quarter of the fiscal year of Japan), the second quarter single-quarter revenue declined slightly from the first quarter, but Toyota Synthetic The LED market is still optimistic in the future. It is estimated that the optical electronics division's revenue for the full year of 2010 is expected to reach 43.5 billion days, a substantial increase of 31% from 2009.

In addition, Toyota Synthetic also invested 10 billion yen in the construction of LED production plants and increased production capacity in 2010, and plans to increase its annual production capacity to 10 billion units in 2013.

Change in the proportion of revenue from Toyota's various divisions from 2008 to the second quarter of 2010

Note: Japanese fiscal year is from April 1st to March 31st of the following year.

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