Fiscal Year Ending February 2026 (41st Term) Q3 Financial Results Presentation Materials

Summary of Financial Performance

Net sales for the third quarter of the fiscal year ending February 2026 totaled JPY 94,483 million, up 6% year-on-year. The increase was mainly driven by semiconductor-related equipment; however, quarterly sales declined due to temporary reductions from major Taiwanese customers and Chinese equipment manufacturers. Operating profit was JPY 23,532 million, down 8% year-on-year. Although gross profit increased by 6%, profits decreased due to expenses recorded related to consolidated subsidiaries. Ordinary profit was JPY 23,375 million, down 13% year-on-year, affected by non-operating income and losses caused by foreign exchange fluctuations. Quarterly net income attributable to owners of the parent was JPY 17,465 million, down 11.4% year-on-year.

Trends by Region and Product and Future Outlook

By region, sales composition remained largely unchanged, with approximately 28% each from China and Taiwan, 24% from the United States, and 7% from Japan. Quarterly sales to U.S. equipment manufacturers increased, while sales to China decreased. Order intake temporarily declined from Taiwanese foundries but increased in the U.S. and South Korea. For FPD-related equipment, quarterly sales decreased due to rescheduling of equipment deliveries, though order intake has recently grown. Progress toward the full-year forecast is as follows: net sales at 73.7%, operating profit at 77.6%, ordinary profit at 76.3%, and net income at 74.3%, with continued focus on achieving full-year targets. Amid growing demand for generative AI, capital investment for advanced processes is increasing, with orders and sales expected to grow from Q4 onward.