Slide 1: TMH Co., Ltd. FY2026 Second Quarter Consolidated Financial Results Supplementary Material
TMH Co., Ltd. Fiscal Year Ending November 2026, Second Quarter (Interim Period) Consolidated Financial Results Supplementary Material Tokyo Stock Exchange Growth Market / Fukuoka Stock Exchange Q-Board: 280A July 16, 2026 Note : This document has been translated from the Japanese original for refere
Slide 2: Introduction: To Our Shareholders
Introdu ction To Our Shareholders Driven by innovations such as advances in AI, quantum computing, and IoT, the semiconductor market is achieving remarkable growth and steadily raising its profile as a strategically vital industry that determines the competitiveness of every sector. Against this bac
Slide 3: Agenda
AGENDA FY11/2026 2Q Consolidated Results Executive Part 1 Summary Part 2 Growth Strategy – Medium-Term Management Plan Part 3 Business Fundamentals Business Overview / Market Environment / Competitive Advantages Appendix 3 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 4: Executive Summary: 2Q Cumulative Consolidated Results
Executive Summary | 2Q cumulative Consolidated Results 01 2Q cumulative consolidated results: net sales of ¥2.12 billion and an operating loss of ¥23 million ◼ Variance between 1H forecast and actual results (Unit: ¥ million) 2Q Cumulative 2Q Cumulative Progress vs. forecast Item Consolidated foreca
Slide 5: Revision of Full-Year Consolidated Forecast
Executive Summary | Revision of Full-Year Consolidated Forecast 02 The full-year forecast revision is driven mainly by delayed tender timing; demand and sales capability remain sound. The growth strategy is progressing steadily and the medium-to-long-term scenario is unchanged. ◼ Details of the full
Slide 6: Details of the Full-Year Consolidated Forecast Revision
Executive Summary | Details of the Full-Year Consolidated Forecast Revision 03 About 70% of the net-sales revision is a one-time factor stemming from delayed tender timing for equipment-sales procurement deals. ◼ Composition of the consolidated net-sales revision ◼ Details of the full-year consolida
Slide 7: Assessment of and Response to the Forecast Revision
Executive Summary | Assessment of and Response to the Full-Year Consolidated Forecast Revision 04 The main cause of the downward revision is viewed as delayed procurement (tender) opportunities ◼ "Fact," "Our assessment," and "Response" for each factor Factor Fact Our assessment Response The procure
Slide 8: Financial & Business Foundations
Executive Summary | Financial & Business Foundations 05 The financial soundness of the advance-payment model and a robust business foundation remain unchanged Even amid the earnings revision, financial discipline and the advantage of our customer and procurement bases are maintained. Financial found
Slide 9: Growth Driver ①: Advanced-Equipment Distributor Business
Executive Summary | Growth Driver ① Advanced-Equipment Distributor Business 06 The advanced-equipment distributor business directly captures AI-era memory investment Proposals are underway to multiple major domestic device makers across two areas: leading-edge process equipment and abatement (enviro
Slide 10: Growth Driver ①: Evolving from Technical Trading Company to Equipment Maker
Executive Summary | Growth Driver ① Advanced-Equipment Distributor Business 07 The equipment distributorship is the first step in evolving from "technical trading company" to "equipment maker" The equipment distributorship is planned not merely as a sales function but as a strategic move to evolve o
Slide 11: Growth Driver ②: Parts Sales & Repair Services Using Cross-Border EC
Executive Summary | Growth Driver ② Parts Sales & Repair Services Using Cross-Border EC 08 Cross-border EC: parts sales & repair services keep growing, re-accelerating in FY2027 Parts sales and repair services using cross-border EC, etc. are planned to re-accelerate through a stronger supplier base.
Slide 12: Medium-to-Long-Term Outlook
Executive Summary | Medium-to-Long-Term Outlook 09 FY2026 is a "run-up period toward the next growth stage" Overcoming a one-time adjustment phase, we aim to return to a growth trajectory toward realizing Vision1000. Aiming to monetize deferred deals from the next fiscal year onward Equipment-sales
Slide 13: China's Equipment Investment Is in Short-Term Adjustment
APPENDIX A China's equipment investment is in short-term adjustment, but national-strategy-driven expansion of semiconductor manufacturing continues Although equipment investment is currently in an adjustment phase, the national strategy toward becoming a semiconductor powerhouse is consistent. Tren
Slide 14: KPIs (Business)
APPENDIX A KPIs (business): with fewer used-equipment procurement opportunities, 2Q indicators worsened YoY The main cause of the backlog decline was that used-equipment tenders—the starting point of procurement—were subdued, reducing procurement opportunities. We will diversify procurement channels
Slide 15: Business Topics of the Period
APPENDIX A Business Topics of the Period – Strengthening Global Sales & Technical Capabilities Established a subsidiary in China to further strengthen sales and drive growth Overview ■ June 2026: subsidiary registration completed in China (Shanghai); operations to start in early September 2026 ・Seve
Slide 16: Agenda
AGENDA FY11/2026 2Q Consolidated Results Executive Part 1 Summary Part 2 Growth Strategy – Medium-Term Management Plan Part 3 Business Fundamentals Business Overview / Market Environment / Competitive Advantages Appendix 16 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 17: The Future Semiconductor Manufacturing Supply Chain as We See It
The Future Semiconductor Manufacturing Supply Chain as We See It Toward a model that prioritizes a highly efficient supply chain premised on a "circular" business ◼ In a society of rising uncertainty—resource depletion, conflict, and fragmentation—circular design to achieve "never-stop manufacturing
Slide 18: Medium-to-Long-Term Target: Vision1000
Medium-to-Long-Term Target: Vision1000 We aim to grow into a ¥100-billion-scale enterprise over the medium to long term From the equipment lifecycle support that provides after-service, through platforms built on structures and systems, TMH will evolve into a "semiconductor manufacturing integrator"
Slide 19: Vision1000 Roadmap
Vision1000 Roadmap From an after-service company to a "semiconductor manufacturing integrator"! The roadmap to ¥100 billion in net sales Accelerating organic growth while pursuing inorganic-growth initiatives to achieve Vision1000 Through FY11/2025 FY11/2026 – FY11/2028 203X Phase 1 Phase 2 Phase 3
Slide 20: Medium-to-Long-Term Growth Image (Net Sales)
Medium-to-Long-Term Growth Image (Net Sales) Broadening the portfolio through the distributorship and M&A, aiming for ¥100 billion in net sales over the medium to long term ◼ Over the medium to long term,adding the distributor business and white-space M&Aas growth drivers to pursue further growth ◼
Slide 21: Medium-to-Long-Term Growth Image (Operating Income)
Medium-to-Long-Term Growth Image (Operating Income) Aiming for ¥15 billion in operating income through growth of high-margin businesses and evolution of the earnings structure ◼ Adding the equipment-distributor business and white-space M&A as growth drivers to pursue further growth ◼ Through growth
Slide 22: Medium-Term Management Plan
Medium-Term Management Plan Aiming for a dramatic expansion to ¥1.76 billion in operating income in FY2028 ◼ FY2026 is expected to see lower sales and profit due to reduced equipment sales from a temporary drop in procurement opportunities and upfront recruitment costs for the distributor business.
Slide 23: Agenda
AGENDA FY11/2026 2Q Consolidated Results Executive Part 1 Summary Part 2 Growth Strategy – Medium-Term Management Plan Part 3 Business Fundamentals Business Overview / Market Environment / Competitive Advantages Appendix 23 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 24: Corporate Philosophy
Corporate Philosophy MISSION Creating a prosperous society through advanced technology TMH Co., Ltd. takes its name from the initials of "Technology Makes Happiness." VISION Continuing to deliver the greatest value Document Tracker 24 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 25: Company Overview
Company Overview Company name TMH Co., Ltd. Domestic 5 sites + Korea President & CEO Taisuke Enami Head office 3-14-6 Shimogori-kita, Oita City, Oita Prefecture TMH KOREA Inc. E s tab l i s h ed March 9, 2012 E m p l o y e e s 49(as of end-May 2026, consolidated) C a p i t a l ¥312.89 million(as of
Slide 26: Management Team
Management Team Amid a shortage of semiconductor-equipment experts, the team comprises semiconductor and supply-chain specialists Taisuke Enami Kenichi Katsuki Representative Director Director, CPO CEO After graduating from Waseda University, joined Toshiba After joining Toshiba, engaged in purchasi
Slide 27: History
History Continuous growth since founding, driven by the LAYLA platform and expansion of the equipment-sales business 2025 Released SEMICON.TODAY Established TMH KOREA Inc., the group's first overseas subsidiary, in Korea 2024 Listed on the TSE Growth Market / FSE Q-Board Released LAYLA-HR 8,628 2020
Slide 28: Company Introduction
Company Introduction A leading company that supports the operation of semiconductor fabs in various ways in the semiconductor market A leading company that solves the various societal challenges facing the semiconductor industry Leading company Domain Value we provide Characteristics Life extension
Slide 29: Why We Are Needed
Why We Are Needed Aging semiconductor fabs face a pile-up of diverse supply-chain challenges Procurement challenges ◼ Many Japanese fabs are increasingly obsolete and aging, with many legacy semiconductor tools, making parts procurement difficult. ◼ Procurement of legacy semiconductor-equipment part
Slide 30: Business Overview of the Semiconductor Manufacturing Field-Solutions Business
Business – Overview of the Semiconductor Manufacturing Field-Solutions Business Supporting fab operations by providing total solutions Providing total-solution services to semiconductor fabs Parts sales and repair services using a cross-border EC platform, etc. Using the platform to buy and sell sem
Slide 31: Business Flow
Business Flow Fusing the EC platform and engineering to support the sustained operation of semiconductor fabs ◼ Collaborating with engineering firms and suppliers worldwide to solve customers' challenges—parts repair and sales, yield improvement, and buyback of unneeded equipment and parts. ◼ On LAY
Slide 32: Customers
Customers Expanding direct transactions with domestic semiconductor makers through overwhelming procurement power via the cross-border EC site ◼ Direct accounts opened with virtually all domestic semiconductor makers ◼ Of the customers, 80+ semiconductor-maker sites; including others, 400+ trading c
Slide 33: The Value LAYLA Provides
The Value LAYLA Provides Established a platform that visualizes actual inventory worldwide ◼ Realizing visualization of actual inventory—difficult with conventional procurement methods—and providing a platform that streamlines semiconductor-equipment procurement Conventional procurement method LAYLA
Slide 34: Equipment Trading Process
Business Flow – Equipment Trading Process Our in-house dismantling know-how—a prerequisite for equipment trading—accelerates transactions ◼ Insourcing the dismantling process, the most critical step in equipment trading; realizing fast, reliable transactions through advanced engineering capabilities
Slide 35: Agenda
AGENDA FY11/2026 2Q Consolidated Results Executive Part 1 Summary Part 2 Growth Strategy – Medium-Term Management Plan Part 3 Business Fundamentals Business Overview / Market Environment / Competitive Advantages Appendix 35 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 36: Global Semiconductor Market Size
Global Semiconductor Market Size Market potential surpassing the ¥150-trillion forecast is rising further, supporting our growth strategy ◼ Led by AI-related investment, the global semiconductor market is forecast to expand rapidly to ¥150 trillion ($1 trillion) by 2029 Longer term, it may grow to ¥
Slide 37: Strong Demand for Legacy Semiconductors
Strong Demand for Legacy Semiconductors Semiconductor shortages are driving rapid growth in 200mm fab capacity; even leading-edge firms rely on legacy semiconductors as a mainstay Trend in number of 200mm wafer fabs and capacity TSMC's revenue mix by process (thousand wafers) (no. of fabs) 8,000 250
Slide 38: The Importance of Older Semiconductor Equipment in the Global Market
The Importance of Older Semiconductor Equipment in the Global Market Not only "leading-edge equipment" but also "older equipment" adapted to diverse uses is in high demand ◼ While investment in leading-edge fabs is active, demand for legacy semiconductors also remains high, and maintenance of older
Slide 39: Target Market
Target Market Through the distributor business and M&A, expanding the target to the entire ¥20-trillion-scale "equipment market" ◼ The target market of existing businesses is, within the semiconductor market, the used-semiconductor-equipment market and the parts/repair-services market ◼ Through laun
Slide 40: Labor Shortage in the Semiconductor Industry
State of Domestic Semiconductor Fabs – Labor Shortage in the Semiconductor Industry The semiconductor industry faces a serious labor shortage ◼ The semiconductor-related workforce is on an increasing trend, yet talent is already in short supply and the job- openings-to-applicants ratio is rising sha
Slide 41: Agenda
AGENDA FY11/2026 2Q Consolidated Results Executive Part 1 Summary Part 2 Growth Strategy – Medium-Term Management Plan Part 3 Business Fundamentals Business Overview / Market Environment / Competitive Advantages Appendix 41 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 42: Our Sources of Value
Our Sources of Value Creating value through manufacturing support via ① platform strength and ② engineering strength Conventional supply-chain challenges Value TMH provides Parts shortages for aging equipment Platform strength Cross-border EC: securing procurement routes ◼ Equipment/parts supply inf
Slide 43: Accumulation of Technical & Knowledge Assets
Accumulation of Technical & Knowledge Assets By addressing the diverse challenges of semiconductor fabs, we become an indispensable presence for customers ◼ By addressing various deals through solving fabs' challenges, our know-how and problem-solving ability improve ◼ Toward stable growth as an inf
Slide 44: Platform Strength
Platform strength LAYLA is becoming an indispensable platform for the semiconductor industry ◼ LAYLA-EC continues to expand globally as a platform that solves parts procurement and other issues that had been major challenges for semiconductor fabs ◼ Even domestically,50%+ of semiconductor fabs have
Slide 45: Engineering Strength
Engineering strength A Team of Globally Recognized Experts ◼ A deep bench of semiconductor professionals, with language skills for the key semiconductor countries and members well-versed in local business practices ◼ Demonstrating engineering strength that handles technical challenges end-to-end—fro
Slide 46: Positioning Map
Positioning Map Establishing a unique positioning and creating a market as a niche-top player Positioning comparison: competitors vs. us Our advantages / barriers to entry Platform (information power) 01 High value-added through engineering strength vs. leasing companies and trading companies • We p
Slide 47: Initiatives to Achieve the Medium-Term Margin Target
Initiatives to Achieve the Medium-Term Margin Target Aiming for net sales (GMV) of ¥18+ billion and operating income of ¥1.76 billion through market and service expansion Net sales (GMV) ¥18 billion+ Operating income ¥17. 6 billion Aim 2028 Strengthening the platform Platform Advancing technical cap
Slide 48: Appendix
Appendix 48 ©2026 TMH Inc. All Rights Reserved. Confidential
Slide 49: FY2026 Earnings-Forecast Assumptions
FY2026 Earnings-Forecast Assumptions (Unit: ¥ million) Consolidated forecast Assumptions Net sales 3,179 Equipment sales 1,958 • Equipment-sales services are estimated based on the current order backlog and sales plan Parts sales / repair services 1,221 • Parts sales and repair services are estimate
Slide 50: About This Material
About This Material This material was prepared by TMH Co., Ltd. (the "Company") solely to provide information such as corporate information, and is not intended to solicit investment in the Company's securities. The information in this material is premised on the current economic, regulatory, market