Q3 Financial Results Presentation for Fiscal Year Ending March 2026 (April–December 2025)

Performance Overview

For the cumulative Q3 of fiscal year ending March 2026, net sales amounted to ¥173.1 billion (0.9% YoY decrease), adjusted operating income was ¥36.6 billion (17.8% YoY decrease), and adjusted net income was ¥25.7 billion (17.8% YoY decrease). The semiconductor device market remained at a high level driven by generation changes and expansion investments centered on high-performance logic and DRAM for generative AI applications; however, the decline in equipment sales for local Chinese DRAM manufacturers impacted results. R&D expenses were ¥12.8 billion (16.4% YoY increase), and capital expenditures were ¥11.5 billion (31.1% YoY decrease).

Outlook

The full-year earnings forecast for fiscal year ending March 2026 is progressing in line with the revised guidance announced at the Q2 results announcement, with no changes to earnings or dividend forecasts. Worldwide manufacturers are increasing capital expenditures aimed at generational shifts and production scale expansion of high-performance devices. In China, major local manufacturers are also expected to increase capital investment. For fiscal year ending March 2027, demand for equipment sales and upgrade modifications is on an upward trend.