Slide 1: Financial Results for Q3 of FY2025
Securities ID code: 6859 ESPEC CORP. Financial Results for Q3 of FY2025 (Fiscal Year Ending March 31, 2026) February 19, 2026 ESPEC CORP. ESPEC CORP.
Slide 2: Financial Result for the Nine Months Ended December 31, 2025
Financial Result for the Nine Months Ended December 31, 2025 - In terms of orders received in the AI semiconductor field, test demand remained firm in Japan, Southeast Asia, and Taiwan; in the satellite communications field, momentum from the first half subsided but demand remained firm in North Ame
Slide 3: Summary of Profits and Losses
Summary of Profits and Losses FY2024 3Q FY2025 3Q (Millions of yen) Year on Year Results Results Orders Received 50,920 55,241 +8.5% Net Sales 46,297 47,101 +1.7% Cost of Sales 29,486 30,564 +3.7% Cost Ratio 63.7% 64.9% +1.2pt Gross Profit 16,811 16,536 -1.6% SG&A 11,894 12,253 +3.0% Operating Profi
Slide 4: Performance by Segment
Performance by Segment FY2024 3Q FY2025 3Q (Millions of yen) Results Results Year on Year Orders Received 43,316 47,220 +9.0% Equipment Business Net Sales 39,923 40,134 +0.5% Operating Profit 4,349 4,074 -6.3% Orders Received 6,424 6,286 -2.1% Service Business Net Sales 5,750 5,710 -0.7% Operating P
Slide 5: Trends in orders received per quarter
Trends in orders received per quarter Orders received tend to be concentrated in the first half of the year. Although orders in Q3 decreased compared with Q1 and Q2, on a cumulative basis through Q3, AI semiconductor-related and satellite communications-related target markets remained firm allowing
Slide 6: Trends in net sales per quarter
Trends in net sales per quarter Net sales tend to be concentrated in Q2 and Q4. Net sales in Q3 decreased from Q2. Although orders received were firm, many projects involved large products or multiple units with long delivery times, resulting in cumulative sales through Q3 being roughly unchanged fr
Slide 7: Analysis of Operating Profit Increase and Decrease Factors
Analysis of Operating Profit Increase and Decrease Factors In the Equipment Business, improvements in profitability of custom products continued; however, profitability in the China market deteriorated due to intensifying competition. The Service Business saw a decline in profits due to reduced reve
Slide 8: Equipment Business
Equipment Business FY2024 3Q FY2025 3Q (Millions of yen) Results Results Year on Year Orders Received 43,316 47,220 +9.0% Net Sales 39,923 40,134 +0.5% Operating Profit 4,349 4,074 -6.3% Profit Ratio 10.9% 10.2% -0.7pt Equipment Business - In Japan, highly versatile standard products saw both orders
Slide 9: Service Business
Service Business FY2024 3Q FY2025 3Q (Millions of yen) Results Results Year on Year Orders Received 6,424 6,286 -2.1% Net Sales 5,750 5,710 -0.7% Operating Profit 563 119 -78.9% Profit Ratio 9.8% 2.1% -7.7pt After-Sales Service and Engineering - Both preventive maintenance services and repair servic
Slide 10: Other Business
Other Business FY2024 3Q FY2025 3Q (Millions of yen) Results Results Year on Year Orders Received 1,554 2,059 +32.5% Net Sales 929 1,626 +75.1% Operating Profit 14 87 +525.9% Profit Ratio 1.5% 5.4% +3.9pt Environmental Conservation, Plant Production Systems - We secured a large plant factory project
Slide 11: Sales by Market
Sales by Market In the electronic device and equipment market, testing demand related to AI semiconductors increased, raising the sales share. In the automobile market, investment related to EVs and batteries has paused, resulting in a lower sales share. Non-consolidated (Equipment Business) 100 （%）
Slide 12: Sales by Region
Sales by Region Sales increased in Japan, North America, Taiwan, and Southeast Asia and India, while China was roughly unchanged from the same period last year. FY2024 3Q FY2025 3Q Overseas sales ratio：55.4% Overseas sales ratio ：54.2% North America 8,511 9,144 18.4% Europe 19.4% 1,170 2,386 China 2
Slide 13: Forecasts for FY2025
Forecasts for FY2025 On a cumulative basis through Q3, profitability fell below expectations due to deterioration in profitability in the China market and in laboratory testing services, as well as an increase in SG&A expenses; however, we are working to improve performance by steadily executing and
Slide 14: Segment Financial Forecasts
Segment Financial Forecasts FY2024 FY2025 Full year 3Q cumulative Forecasts （revised on 2025/11/13） （ Millions of yen) results results 4Q Full year Year on year Orders received 57,283 47,220 11,420 58,640 +2.4% Net sales 57,507 40,134 17,426 57,560 +0.1% Equipment Business Operating profit 6,610 4,0
Slide 15: Shareholder Return Policy and FY2025 Dividend Forecast
Shareholder Return Policy and FY2025 Dividend Forecast Shareholder Return Policy Set the consolidated dividend payout ratio at 40% or more, and flexibly carry out acquisition of treasury shares. During the period of the Medium-Term Management Plan PROGRESSIVE PLUS 2027 (FY2025–2027), the total retur
Slide 16: Financial Capital Strategy (FY2025 - FY2027)
Financial Capital Strategy (FY2025 - FY2027) Cash Allocation Policy Proactively allocate cash generated over three years to growth investments and shareholder returns ■ Implement shareholder returns with a total return ratio of 50% (cumulative over 3 years) or more through dividends and share purcha
Slide 17: Implementation of share repurchases
Implementation of share repurchases (disclosed on November 13, 2025) In line with our shareholder return policy, on November 13, 2025, the Company announced its basic policy regarding the acquisition and cancellation of treasury shares. - Acquisition of treasury shares Maximum shares to be acquired:
Slide 18: Main Initiatives in FY2025
Main Initiatives in FY2025 Equipment Business - Converting order backlog into sales, strengthening sales of standard products, and continuing to improve profitability for custom products. - Development and expanded sales of high value-added products that meet testing needs in target markets. Service
Slide 19: AI Semiconductor Market: Applications for Environmental Test Chambers
AI Semiconductor Market: Applications for Environmental Test Chambers As generative AI spreads throughout society, demand is increasing for environmental testing aimed at evaluating the reliability of AI servers and the semiconductors, storage devices, electronic components, and electronic materials
Slide 20: Satellite Communications Market: Applications for Environmental Test Chambers
Satellite Communications Market: Applications for Environmental Test Chambers In the field of commercial satellite communications technology led by private operators, demand is increasing for environmental testing to evaluate the reliability of communication equipment, semiconductors, and electronic
Slide 21: Main ESG Initiatives in FY2025
Main ESG Initiatives in FY2025 ■ E for Environment - Advancing the 8th Mid-Term Plan on the Environment (FY2022 - FY2025) - Global warming measures: Transitioning to low-GWP refrigerants and reducing CO2 emissions from manufacturing and other operations. - Biodiversity conservation activities: Contr
Slide 22: TOPICS: New Products for the AI Server Markets
TOPICS 1 New Products for the AI Server Markets Walk-in Temperature & Humidity Chamber for High Heat-generation Loads - In December 2025, we launched two models designed to handle high heat-generation loads for AI server reliability testing. - Our proprietary control system provides precise temperat
Slide 23: TOPICS: New Products for AI Semiconductor and Autonomous Driving Markets
TOPICS 2 New Products for AI Semiconductor and Autonomous Driving Markets Highly Accelerated Stress Test System (HAST Chamber) Rapid-Rate Thermal Cycle Chamber EHS-222M-L TCC-151W-20 - In April 2025, a high-performance model capable of controlling - In October 2025, we added the EHS-222M-L model, sp
Slide 24: TOPICS: Start of Aichi Next-Generation Mobility Test Lab service
TOPICS 3 Start of “Aichi Next-Generation Mobility Test Lab” service Responding to testing demand for automotive batteries and EV/automation modules ■ Aichi xEV Battery Safety Test & Certification ■ Toyota Test Center Center - Expanded functions of the Toyota Testing Center, the - Opened in February
Slide 25: External Recognition
External Recognition ■ ESG-Related Evaluations - Included in the ESG index “FTSE Blossom Japan Sector Relative Index” Included in the ESG index “S&P/JPX Carbo Efficient Index” - Rated “B” score for the sixth consecutive year in the CDP Climate Change Survey, Water Security receives “B-” score for se
Slide 26: Forward-looking statements and inquiries
These materials contain forward-looking statements, including the Company’s present plans and forecasts of performance, that reflect the Company’s plans and forecasts based on the information presently available. These forward-looking statements are not guarantees of future performance, and plans, f
Slide 27: Quality is more than a word
Quality is more than a word ESOEC