Fiscal Year Ending December 2025 Earnings Presentation Materials

Overview of Performance

For the fiscal year ending December 2025, net sales were 76,707 million yen, an increase of 29.6% YoY; operating income was 14,281 million yen, up 8.9% YoY; and ordinary income was 16,635 million yen, up 6.2% YoY, marking record highs. Net income attributable to owners of the parent was 9,297 million yen, a 1.6% decrease YoY; however, excluding the negative goodwill from the RSPDH acquisition, there was an increase of 984 million yen. By segment, the wafer recycling business saw increased production volume due to capital investment in expansion; the prime wafer business remained robust due to higher shipment volume of 8-inch wafers; and the semiconductor-related equipment and materials business benefited from increased sales in the new RSPDH business.

Mid-term Management Plan and Growth Investment

The three-year mid-term management plan from 2026 to 2028 targets net sales of 84 billion yen, operating income of 15.4 billion yen, ordinary income of 17.2 billion yen, and net income attributable to owners of the parent of 10 billion yen, aiming for ROIC above 11% and ROE above 13%. The plan accelerates large-scale capital investment in the highly profitable wafer recycling business, expanding production capacity at the Sambongi, Tainan, and China plants. Cash allocation will balance growth investments and shareholder returns, aiming for stable and continuous shareholder returns. M&A will also be leveraged to accelerate business growth.