Screen Holdings Co., Ltd · TSE:7735
Screen — Q3 2025 Earnings Presentation
36 slides from Screen's earnings presentation, Jan 31, 2025
Slide 1: Consolidated business results and forecasts
Consolidated business results and forecasts FY2025/03 third quarter ended December 31, 2024 SCREEN Holdings Co., Ltd. Toshio Hiroe Yoichi Kondo Representative Director, President & CEO Representative Director & CFO January 31, 2025 Cautionary statements: • The earnings forecasts, contained in these
Slide 2: Extension of Submission Deadline and Completed Submission of Interim Securities Report
Regarding Extension of Submission Deadline and Completed Submission of the 84th Interim Securities Report for the Fiscal Year Ending March 2025 We sincerely apologize for the concern and confusion this has caused to our stakeholders, including our shareholders and investors. 1. Financial reporting •
Slide 3: Summary of FY2025/03 3Q cuml. earnings
Summary of FY2025/03 3Q cuml. earnings Consolidated business results and forecasts FY2025/03 third quarter ended December 31, 2024 Innovation for a Sustainable World SCREEN Holdings Co., Ltd. Yoichi Kondo Representative Director & CFO 2024年５月９日 January 31, 2025 2024年５月９日 SCREEN Holdings Co., Ltd. FY
Slide 4: FY2025/03 3Q cuml. summary of consolidated earnings
FY2025/03 3Q cuml. summary of consolidated earnings Company-wide: Both sales and profits increased YoY. • All hitting the record highs for 3Q cuml. in terms of net sales, OP income/margin, ordinary income, and net income. - SPE is leading substantial growth. GA and FT are also performing steadily.
Slide 5: FY2025/03 3Q consolidated earnings
FY2025/03 3Q consolidated earnings QoQ (Billions of JPY) FY2024/03 FY2025/03 3Q 3Q 1Q 2Q 3Q cuml. 4Q Full 1Q 2Q 3Q cuml. Difference Net sales 99.6 123.5 124.5 347.8 157.0 504.9 134.2 143.1 182.5 459.9 112.1 32.2% OP income 13.4 25.1 25.1 63.6 30.4 94.1 27.7 30.4 42.3 100.6 58.0% 36.9 OP margin 13.5%
Slide 6: Composition of group sales by destination
Composition of group sales by destination QoQ (Billions of JPY) 200 182.5 180 12% Japan 157.0 160 143.1 14% Taiwan 15% 134.2 140 124.5 14% 9% 14% China 120 23% 19% 17% 100 Korea 47% 11% 46% 80 Asia—Other 40% 60 46% 38% North America 5% 7% 40 3% 3% 5% 3% 6% 4% 5% Europe 20 18% 3% 14% 13% 9% 11% 6% 4%
Slide 7: Composition of group sales by segment
Composition of group sales by segment QoQ (Billions of JPY) 200 182.5 0.5% 180 1.5% 157.0 5.6% Other 160 0.4% 143.1 7.6% 2.7% 134.2 6.8% 0.8% 140 124.5 2.1% 7.5% 0.4% 6.5% PE 0.5% 2.9% 3.9% 120 2.6% 9.0% 5.4% 9.2% 9.7% FT 100 80 84.8% GA 82.6% 60 81.6% 83.6% 81.8% 40 SPE 20 0 3Q 4Q 1Q 2Q 3Q FY2024/0
Slide 8: FY2025/03 Q3 consolidated earnings by segment
FY2025/03 Q3 consolidated earnings by segment FY2024/03 FY2025/03 (Billions of JPY) 3Q 4Q 1Q 2Q 3Q Net sales 101.9 129.6 112.1 116.8 154.8 SPE OP income 25.5 32.5 29.0 29.9 41.9 OP margin 25.1% 25.1% 25.9% 25.6% 27.1% Net sales 12.0 11.7 12.3 12.8 13.7 GA OP income 1.3 0.7 0.8 1.2 1.2 OP margin 11.0
Slide 9: Consolidated earnings by segment—analysis
FY2025/03 Q3 consolidated earnings by segment—analysis FY2025/03 QoQ FY2024/03 FY2025/03 YoY Difference Difference Difference Difference (Billions of JPY) 2Q 3Q (Net sales) (OP) 3Q cuml. 3Q cuml. (Net sales) (OP) 40.0% 56.5% Net sales 116.8 154.8 38.0 32.5% 11.9 1.4pt 287.9 383.9 95.9 33.3% 36.4 3.9
Slide 10: Financial standing: Balance sheet
Financial standing: Balance sheet Assets (Billions of JPY) Liabilities & net assets (Billions of JPY) 691.4 676.8 691.4 668.1 676.8 676.8 668.1 676.8 632.0 632.0 54.6 114.6 75.7 51.6 110.7 Cash & 5.3 5.0 167.2 7.1 56.6 Notes & 225.1 119.3 161.8 deposits 7.1 28.3 accounts 100.9 201.2 payable Notes &
Slide 11: Financial standing: Cash flows
Financial standing: Cash flows QoQ (Billions of JPY) 3Q cuml. (Billions of JPY) Operating CF Investing CF Financing CF FCF 90 127.3 65.6 120 104.0 60 58.4 53.4 59.0 90 30 10.9 60 44.4 8.0 0 -4.9 -1.0 -2.8 30 27.0 -8.2 -8.7 -7.9 -6.5 -13.6 -12.0 -30 -20.1 -31.0 -32.1 0 -60 -51.2 -40.0 -30 -23.2-26.4
Slide 12: Analysis of operating income growth
Analysis of operating income growth FY2024/03 3Q cuml. vs FY2025/03 3Q cuml. (Billions of JPY) +46.5 +1.5 +1.0 Profitability Exchange Fixed costs rates Sales and capacity utilization Note: Impact on OP income is rounded to be shown in ¥0.5 bn increments. › Increase in sales and capacity utilization
Slide 13: Business environment and outlook
Business environment and outlook Consolidated business results and forecasts FY2025/03 third quarter ended December 31, 2024 Innovation for a Sustainable World SCREEN Holdings Co., Ltd. Toshio Hiroe Representative Director, President & CEO 2024年５月９日 January 31, 2025 2024年５月９日 SCREEN Holdings Co., Lt
Slide 14: Business environment and outlook
HD Business environment and outlook Business environment SPE There is a trend of accelerating capital investments in cutting-edge semiconductors and by Chinese clients. Growth is expected in PC, smartphone, server, while the growth rates will slow. In terms of sales amount, high- priced AI accelerat
Slide 15: SPE: Business overview
SPE SPE: Business overview Market trends and outlook WFE: Expected to end with around 9% growth for CY2024, totaling around $100 billion . Around 6% growth is projected for CY2025. Foundry: Capital investment in cutting-edge nodes has been accelerated in anticipation of AI market expansion. Memory
Slide 16: SPE: Composition of equipment sales by application and post-sales
SPE: Composition of equipment sales by application and post-sales QoQ (Billions of JPY) 3Q cuml. (Billions of JPY) 154.8 400 383.9 150 Foundry 129.6 116.8 Logic 112.1 300 287.9 52% 49% 101.9 Flash 100 43% 43% DRAM 48% 51% 200 50% 4% 8% Imaging Device 7% 6% 4% 12% 7% 6% 50 15% 6% 3% 1% 12% Power Devi
Slide 17: SPE: Composition of sales by destination
SPE SPE: Composition of sales by destination QoQ (Billions of JPY) 3Q cuml. (Billions of JPY) 154.8 400 383.9 150 10% 10% Japan 129.6 116.8 15% 287.9 18% 13% Taiwan 112.1 300 101.9 8% 11% 15% 11% China 100 21% 19% 22% 14% Korea 200 49% 12% 49% 47% Asia—Other 41% 40% 50 51% North America 41% 100 5% 8
Slide 18: SPE: Equipment sales by application—forecast
SPE SPE: Composition of equipment sales by application and post-sales—forecast Half-year forecast (Billions of JPY) YoY (Billions of JPY) 300 281.0 510.0 Foundry 154.8 231.6 229.0 150 417.6 Logic 126.2 400 52% Flash 200 186.0 55% 52% 47% 47% 47% DRAM 100 59% 46% Imaging Device 8% 5% 5% 9% 7% 7% 200
Slide 19: SPE: Composition of sales by destination—forecast
SPE SPE: Composition of sales by destination—forecast Half-year forecast (Billions of JPY) YoY (Billions of JPY) 510.0 300 281.0 154.8 12% 150 13% 10% 417.6 Japan 231.6 229.0 126.2 400 22% 15% 14% Taiwan 16% 11% 23% 16% 200 186.0 12% 10% 21% 100 China 11% 14% 32% Korea 49% 43% 42% 43% 45% 200 45% As
Slide 20: GA: Sales trends and forecast
GA GA: Sales trends and forecast Half-year forecast (Billions of JPY) YoY (Billions of JPY) 30 15 51.5 13.7 47.7 26.3 25.2 12.6 23.9 23.7 40 20 10 Equipment, Other 20 Recurring 10 5 business 55% 53% 54% 50% 50% 55% 51% 48% 0 0 0 1H 2H 1H 2H E 3Q 4Q E Full Full E FY2024/03 FY2025/03 FY2025/03 FY2024/
Slide 21: FT: Sales trends and forecast
FT FT: Sales trends and forecast Half-year forecast (Billions of JPY) YoY (Billions of JPY) 40 37.0 22.5 15 12.3 20 17.4 10.2 14.5 10 23.2 Post-sales, Other 25% 30% 20 10% OLED 10 35% 35% 5 5.7 40% 45% LCD 50% 70% 45% 40% 35% 30% 20% 15% 0 20% 0 0 1H 2H 1H 2H E 3Q 4Q E Full Full E FY2024/03 FY2025/0
Slide 22: PE: Sales trends and forecast
PE: Sales trends and forecast PE Half-year forecast (Billions of JPY) YoY (Billions of JPY) 10 6 20 5.0 7.4 7.6 14.6 14.5 7.2 6.9 4 Equipment, Other 5 10 2.6 2 Post-sales 42% 45% 40% 41% 45% 40% 58% 30% 0 0 0 1H 2H 1H 2H E 3Q 4Q E Full Full E FY2024/03 FY2025/03 FY2025/03 FY2024/03 FY2025/03 Note: T
Slide 23: FY2025/03 business forecasts (as of January 31, 2025)
FY2025/03 business forecasts (as of January 31, 2025) FY2024/03 FY2025/03 2H Full Full 1H January 2H July October January 3Q Result 4Q Forecast (Billions of JPY) Forecast Forecast Forecast Forecast Net sales 504.9 277.3 182.5 156.2 338.7 564.5 577.0 616.0 OP income 94.1 58.2 42.3 25.5 67.8 105.0 113
Slide 24: R&D expenses, CAPEX and depreciation/amortization—trends and plan
R&D expenses, CAPEX and depreciation/amortization—trends and plan QoQ (Billions of JPY) YoY (Billions of JPY) R&D expenses Capital expenditures Depreciation/Amortization 39.8 40 21.5 33.0 20 30 27.0 28.0 20 10 7.4 7.3 7.1 7.6 7.6 12.5 6.5 5.8 10.8 4.4 10 2.8 3.0 3.0 3.4 3.1 3.1 0 0 FY2024/03 FY2025/
Slide 25: Analysis of operating income growth—forecast
Analysis of operating income growth—forecast FY2024/03 vs FY2025/03 E (Billions of JPY) +47.0 +2.0 +1.0 Profitability Exchange Fixed costs rates Sales and capacity utilization Note: Impact on OP income is rounded to be shown in ¥0.5 bn increments. › Increase in sales and capacity utilization will be
Slide 26: Annual dividend outlook
Annual dividend outlook FY2025/03 forecast We have revised the year-end dividend forecast upward to ¥163 per share, making the annual dividend of ¥283 the highest ever. Note: Value Up Further 2026 targets a consolidated dividend payout ratio of 30% or above. FY2025/03 FY2024/03 May July October Janu
Slide 27: ESG initiatives
ESG initiatives E (Environmental) SCREEN receives “Excellent Contribution in Green Manufacturing” and “Excellent Production Support” from TSMC SCREEN receives Micron Supplier Award 2024 for outstanding performance in sustainability SCREEN’s site in Japan achieves 100% renewable energy Subsid
Slide 28: Recent SCREEN Group News
Recent SCREEN Group News (extracted from the official website, November 1, 2024 – January 31, 2025) Details here (official website) Hikone Site Achieves Platinum Status in RBA VAP Audit (announced November 28, 2024) Cyfuse and SCREEN Achieve Innovation in New Technology for Quality Assessment of
Slide 29: Topics: Launch of 200mm Wafer Cleaning System
Details here (official website) SPE Topics Launch of 200mm Wafer Cleaning System New SS-3200 for 200mm expands SCREEN SPE’s world-leading spin scrubber lineup (announced November 6, 2024) SCREEN has finalized the development of the SS-3200 for 200mm, a new model for 200mm wafers in its lineup of sin
Slide 30: Topics: TSMC Excellent Contribution Awards
Details here (official website) SPE Topics SCREEN Receives “Excellent Contribution in Green Manufacturing” and “Excellent Production Support” from TSMC (announced December 3, 2024) The Excellent Performance Award recognizes suppliers that have contributed significantly to TSMC’s business through t
Slide 31: Topics: Micron Supplier Award 2024
Details here (official website) SPE Topics SCREEN Receives Micron Supplier Award 2024 for Outstanding Performance in Sustainability (announced December 9, 2024) The Micron Supplier Awards is an annual accolade that celebrates outstanding supplier performance across 12 categories. The awards are de
Slide 32: Topics: Cyfuse and SCREEN Cell and Tissue Quality Assessment
Details here (official website) HD Topics <JP only> Cyfuse and SCREEN Achieve Innovation in New Technology for Quality Assessment of Cells and Tissues (announced December 19, 2024) Cyfuse Biomedical K.K. and our company aim to commercialize products services in the regenerative and cellular medici
Slide 33: Topics: Small group meetings
HD Topics SAVE THE DATE Small group meetings hosted by the company for 3Q fiscal year ending March 31, 2025 (for institutional investors and analysts) Date: - Japanese: February 19 09:30-10:15 (JST) March 4 16:30-17:15 (JST) - English: February 25 09:00-09:45 (JST) March 18 17:00-17:45 (JST) The
Slide 34: Appendix: Sales composition by product
SPE Appendix Appendix Sales composition by product (FY2025/03 3Q cuml.) Coater/Developer, FLA, Other FY2025/03 FY2022/03 FY2023/03 FY2024/03 (%) 3Q cuml. 5% 15% Single-wafer cleaner 70 65 70 80 Batch-type cleaner Batch-type cleaner 25 25 20 15 Coater/Developer, FLA, Other 5 10 10 5 Single-wafer clea
Slide 35: Appendix: KPI trends
HD Appendix KPI trends Appendix FY2025/03 FY2015/03 FY2016/03 FY2017/03 FY2018/03 FY2019/03 FY2020/03 FY2021/03 FY2022/03 FY2023/03 FY2024/03 (Billions of JPY) E Net sales 237.6 259.6 300.2 339.3 364.2 323.2 320.3 411.8 460.8 504.9 616.0 OP income 17.1 23.5 33.7 42.7 29.6 12.5 24.4 61.2 76.4 94.1 12
Slide 36: Appendix: Earnings trends by segment
HD Appendix Earnings trends by segment Appendix (%) SPE GA FT PE OP Margin 20.5 800.0 18.6 25 14.9 16.6 20 700.0 12.6 11.2 8.1 616.0 15 600.0 7.2 9.1 7.6 3.9 504.9 10 500.0 460.8 5 411.8 0 400.0 364.2 339.3 323.2 320.3 -5 300.2 300.0 237.6 259.6 -10 200.0 -15 -20 100.0 -25 0.0 -30 FY2025/03 FY2015/0