Screen Holdings Co., Ltd · TSE:7735
Screen — Q4 2025 Earnings Presentation
45 slides from Screen's earnings presentation, May 9, 2025
Slide 1: Consolidated business results and forecasts
Consolidated business results and forecasts FY2025/03 ended March 31, 2025 SCREEN Holdings Co., Ltd. Toshio Hiroe Yoichi Kondo Representative Director, President & CEO Representative Director & CFO May 9, 2025 Cautionary statements: • The earnings forecasts, contained in these materials and communic
Slide 2: Summary of FY2025/03 earnings
Summary of FY2025/03 earnings Consolidated business results and forecasts FY2025/03 ended March 31, 2025 SCREEN Holdings Co., Ltd. Yoichi Kondo Representative Director & CFO 2024年５月９日 May 9, 2025 2024年５月９日 SCREEN Holdings Co., Ltd. FY2025/03Q4_20250509ｰE
Slide 3: FY2025/03 summary of consolidated earnings
FY2025/03 summary of consolidated earnings Both sales and profits increased YoY. • Exceeded the January forecasts for both sales and profits, hitting the record highs for four years in a row. - SPE has been the major driver of this growth. • Fiscal year-end dividend will be ¥188 per share, compare
Slide 4: FY2025/03 consolidated earnings
FY2025/03 consolidated earnings QoQ (Billions of JPY) YoY (Billions of JPY) FY2025/03 FY2024/03 FY2025/03 (Billions of JPY) 1Q 2Q 3Q 4Q Difference (QoQ) Full Full Difference (YoY) Net sales 134.2 143.1 182.5 165.3 -17.2 -9.5% 504.9 625.2 120.3 23.8% OP income 27.7 30.4 42.3 35.0 -17.3% 94.1 135.6 44
Slide 5: Financial summary
Financial summary Net sales (Billions of JPY) OP income/margin (Billions of JPY / %) Net income/ROE (Billions of JPY / %) Net sales Profit attributable to owners of parent OP income OP margin ROE 25.1% 21.7% 21.0% 21.0% 19.9% 18.6% 16.6% 14.9% 625.2 99.4 135.6 504.9 460.8 411.8 7.6% 94.1 7.9% 70.5 3
Slide 6: Composition of group sales by destination
Composition of group sales by destination YoY (Billions of JPY) QoQ (Billions of JPY) 200 625.2 182.5 Japan 600 14% 12% 165.3 157.0 504.9 Taiwan 500 150 143.1 14% 18% 18% 15% 134.2 17% 14% China 9% 14% 400 12% 23% 19% 17% Korea 100 47% 300 42% 46% 39% Asia - Other 40% 37% 46% 200 50 North America 5%
Slide 7: Composition of group sales by segment
Composition of group sales by segment QoQ (Billions of JPY) YoY (Billions of JPY) 625.2 200 0.4% 182.5 2.3% 600.00 0.5% 5.7% 180 1.5% 165.3 504.9 Other 5.6% 8.5% 157.0 0.1% 0.3% 160 0.4% 7.6% 2.8% 500.00 2.9% 2.7% 143.1 6.7% 4.6% 6.8% 134.2 0.7% PE 140 2.1% 8.5% 9.5% 7.5% 0.4% 2.9% 6.5% 3.9% 400.00
Slide 8: FY2025/03 consolidated earnings by segment
FY2025/03 consolidated earnings by segment FY2024/03 FY2025/03 FY2024/03 FY2025/03 (Billions of JPY) 4Q 1Q 2Q 3Q 4Q Full Full Net sales 129.6 112.1 116.8 154.8 135.5 417.6 519.5 SPE OP income 32.5 29.0 29.9 41.9 36.0 97.0 136.9 OP margin 25.1% 25.9% 25.6% 27.1% 26.6% 23.2% 26.4% Net sales 11.7 12.3
Slide 9: FY2025/03 consolidated earnings by segment—analysis
FY2025/03 consolidated earnings by segment—analysis FY2025/03 QoQ FY2024/03 FY2025/03 YoY Difference Difference Difference Difference (Billions of JPY) 3Q 4Q (Net sales) (OP) Full Full (Net sales) (OP) -14.1% 41.1% Net sales 154.8 135.5 -19.3 -12.5% -5.8 -0.5pt 417.6 519.5 101.8 24.4% 39.9 3.2pt Bot
Slide 10: Financial standing: Balance sheet
Financial standing: Balance sheet Assets (Billions of JPY) Liabilities & net assets (Billions of JPY) 676.8 676.8 671.2 676.8 668.1 676.8 671.2 668.1 632.0 632.0 54.6 53.0 75.7 51.6 110.7 Cash & 5.3 5.0 4.5 167.2 140.3 7.1 56.6 Notes & 119.3 161.8 deposits 7.1 accounts 100.9 201.2 193.0 payable Note
Slide 11: Financial standing: Cash flows
Financial standing: Cash flows QoQ (Billions of JPY) YoY (Billions of JPY) Operating CF Investing CF Financing CF FCF 90 96.2 100 65.6 60 59.0 71.2 70 52.7 30 26.8 49.4 22.4 40 10.9 8.0 0 10 -1.0 -2.8 -4.4 -8.7 -7.9 -6.5 -13.6 -12.0 -30 -20.1 -19.7 -20 -31.0 -32.1 -21.7 -51.2 -40.0 -50 -35.1 -60 -43
Slide 12: Analysis of operating income growth
Analysis of operating income growth FY2024/03 vs FY2025/03 (Billions of JPY) +50.5 +4.5 +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 is attributable to
Slide 13: Business environment and outlook
Business environment and outlook Consolidated business results and forecasts FY2025/03 ended March 31, 2025 SCREEN Holdings Co., Ltd. Toshio Hiroe Representative Director, President & CEO 2024年５月９日 May 9, 2025 2024年５月９日 SCREEN Holdings Co., Ltd. FY2025/03Q4_20250509ｰE
Slide 14: Business environment and outlook
Business environment and outlook Business environment SPE The growth of the semiconductor device market is driven by deep learning inference accelerators for servers. Capital investment continues in cutting-edge applications, as well as in mature nodes in China. GA Business environment centered arou
Slide 15: SPE: Business overview
SPE SPE: Business overview Market trends and outlook WFE: Landed at $110B in CY2024. The same level of market size expected in CY2025. - Further growth expected in CY2026. Investment trends by application Foundry Cutting-edge applications are leading the WFE growth. Investment focused in Asia bu
Slide 16: SPE: Composition of equipment sales by application and post-sales
SPE SPE: Composition of equipment sales by application and post-sales QoQ (Billions of JPY) YoY (Billions of JPY) 154.8 600 150 Foundry 135.5 519.5 129.6 116.8 Logic 112.1 417.6 52% 400 Flash 100 43% 52% 43% 60% 47% DRAM 51% 4% 7% Imaging Device 6% 8% 12% 7% 200 5% 4% 50 15% 6% 3% 6% 3% Power Device
Slide 17: SPE: Composition of sales by destination
SPE SPE: Composition of sales by destination QoQ (Billions of JPY) YoY (Billions of JPY) 154.8 519.5 150 10% 135.5 500 12% Japan 129.6 15% 417.6 13% 116.8 16% Taiwan 112.1 400 21% 14% 8% 11% 11% China 100 12% 27% 19% 22% 300 Korea 49% 49% 44% 43% Asia—Other 200 40% 50 51% 38% North America 5% 8% 5%
Slide 18: SPE: Composition of sales by application—forecast
SPE SPE: Composition of sales by application—forecast Half-year forecast (Billions of JPY) 300 290.4 240.5 Foundry 229.0 Logic 56% 200 44% Flash 47% DRAM 6% 7% 3% Imaging Device 9% 100 3% 5% 7% 23% Power Device 14% 1% 1% 3% 5% 5% 1% Other 3% 4% 2% 18% 16% 17% Post-sales 0 1H 2H 1H E FY2025/03 FY2026
Slide 19: SPE: Composition of sales by destination—forecast
SPE SPE: Composition of sales by destination—forecast Half-year forecast (Billions of JPY) 300 290.4 13% 240.5 229.0 12% Japan 11% 21% 200 Taiwan 21% 27% China 44% Korea 100 45% 44% Asia - Other 6% North America 3% 4% 4% 5% 12% 8% 3% Europe 6% 0 4% 5% 3% Others 1H 2H 1H E FY2025/03 FY2026/03 Note: R
Slide 20: GA: Sales trends and forecast
GA GA: Sales trends and forecast QoQ (Billions of JPY) Half-year forecast (Billions of JPY) 15 30 13.9 27.7 13.7 12.8 25.2 25.0 12.3 11.7 10 20 Equipment, Other 5 10 54% 55% 50% 50% 54% 50% Recurring business 56% 50% 0 0 4Q 1Q 2Q 3Q 4Q 1H 2H 1H E FY2024/03 FY2025/03 FY2025/03 FY2026/03 Note: The rat
Slide 21: FT: Sales trends and forecast
FT FT: Sales trends and forecast QoQ (Billions of JPY) Half-year forecast (Billions of JPY) 30 10.7 11.0 25.5 10.2 10 9.3 21.2 Post-sales, Other 20 10% 25% 14.5 5.2 30% 20% OLED 40% 5 70% 10 70% 55% 40% LCD 55% 40% 40% 30% 30% 15% 10% 0 0 4Q 1Q 2Q 3Q 4Q 1H 2H 1H E FY2024/03 FY2025/03 FY2025/03 FY202
Slide 22: PE: Sales trends and forecast
PE: Sales trends and forecast PE QoQ (Billions of JPY) Half-year forecast (Billions of JPY) 5 10 4.5 4.1 3.9 4 7.2 7.0 6.9 3.0 3 Equipment, Other 2.6 5 2 Post-sales 1 37% 38% 53% 58% 34% 45% 43% 45% 0 0 4Q 1Q 2Q 3Q 4Q 1H 2H 1H E FY2024/03 FY2025/03 FY2025/03 FY2026/03 Note: The ratios of post sales
Slide 23: FY2025/03 business forecasts (as of May 9, 2025)
FY2025/03 business forecasts (as of May 9, 2025) FY2025/03 FY2026/03 E (Billions of JPY) 1H 2H Full 1H 2H Full Net sales 277.3 347.8 625.2 299.5 321.5 621.0 OP income 58.2 77.4 135.6 54.5 62.5 117.0 OP margin 21.0% 22.3% 21.7% 18.2% 19.4% 18.8% Ordinary income 58.6 79.6 138.2 54.5 62.5 117.0 Net inc
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 40 20 30 20 10 10 0 0 FY2024/03 FY2025/03 FY2025/03 FY2026/03 (Billions of JPY) FY2024 Full FY2025 Full E 4Q 1Q 2Q 3Q 4Q 通期 31.7 通
Slide 25: R&D expenses, CAPEX and depreciation/amortization—trends and plan
R&D expenses, CAPEX and depreciation/amortization—trends and plan R&D expenses (Billions of JPY) CAPEX (Billions of JPY) Depreciation/Amortization (Billions of JPY) 39.8 40.0 38.0 40.0 40.0 31.7 29.0 29.7 30.0 27.0 30.0 28.0 30.0 24.0 24.7 21.5 20.0 20.0 20.0 15.0 13.4 12.8 10.8 9.6 9.5 8.7 10.0 10.
Slide 26: Analysis of operating income growth—forecast
Analysis of operating income growth—forecast FY2025/03 vs FY2026/03 E (Billions of JPY) +8.0 Sales and Profitability capacity utilization Fixed costs Exchange rates Note: Impact on OP income is rounded to be shown in ¥0.5 bn increments. › Increase in sales and capacity utilization will mainly come f
Slide 27: Annual dividend outlook
Annual dividend outlook FY2025/03 FY2025/03 January forecast May announcement Revised up the year-end dividend to ¥188 per (JPY, per share) share, resulting in the highest-ever annual Interim dividend 120 120 dividend at ¥308 per share. Distributed Distributed Year-end dividend 163 188 Annual divide
Slide 28: Change of a Representative Director
Change of a Representative Director The following change is scheduled to be officially decided at the 84th Annual General Meeting of Shareholders, scheduled for June 20, 2025, and at the subsequent Board of Directors meeting following the conclusion of the AGM. Name Current title New title Represent
Slide 29: Update on the progress of "Value Up Further 2026"
Update on the progress of “Value Up Further 2026” Consolidated business results and forecasts FY2025/03 ended March 31, 2025 SCREEN Holdings Co., Ltd. Toshio Hiroe Representative Director, President & CEO 2024年５月９日 May 9, 2025 2024年５月９日 SCREEN Holdings Co., Ltd. FY2025/03Q4_20250509ｰE
Slide 30: Value Up Further 2026 Financial targets: Progress at the end of the first year
Value Up Further 2026 Financial targets: Progress at the end of the first year Value Up Further 2026 Results at the end of 2nd year forecasts 3-year (FY2025/03–FY2027/03) targets the 1st year （FY2026/03） （FY2025/03） Cumulative sales ¥1.8 trillion or more ¥625.2 bn ¥621.0 bn Average OP margin 19% or
Slide 31: ESG initiatives
ESG initiatives E (Environmental) New joint R&D agreement with imec to accelerate the research on ecological semiconductor processing Through the collaboration, we will expand sustainability activities utilizing the SSTS* program, which we joined in May 2022. We have newly delivered our coater-dev
Slide 32: Recent SCREEN Group News
Recent SCREEN Group News (selected news from February 1, 2025 – May 9, 2025) Details here (official website) SCREEN to Establish New Overseas Site to Reinforce Semiconductor Production Equipment Development (announced February 14, 2025) SCREEN to Acquire Land in Yasu, Shiga, for Future Business
Slide 33: Topics: New Building S3-6 at the Hikone Site
Details here (official website) SPE Topics SCREEN Completes the Construction of New Building S3-6 at the Hikone Site (announced February 14, 2025) ■ S3-6 As a manufacturing base for hydrogen-related devices, the following production lines have been established: • A line for CCMs*1 used in PEM wate
Slide 34: Topics: Land in Yasu and new overseas site
HD Topics Details here (official website) SCREEN to Acquire Land in Yasu, Shiga, for Future Business Growth (announced February 14, 2025) Overview of the land to be acquired Location: Tobaotsu, Yasu City, Shiga Prefecture, Japan Area: Approx. 130,000 m2 (For reference, the Hikone Site is approximate
Slide 35: Topics: Share acquisition and new credit rating
Details here (official website) HD Topics Notice: Decision to Acquire Company Shares (announced February 14, 2025) Completion of Acquisition (announced April 9, 2025) Decision reached at the Board of Directors meeting on February 14, 2025 Type of shares to be acquired: Common stock Number of sha
Slide 36: Topics: Majority stake in Kyo Diagnostics
HD Topics Details here (official website) SCREEN Acquires Majority Stake in Next-Generation Cancer Diagnostics Company Kyo Diagnostics (announced April 2, 2025) SCREEN Holdings Co., Ltd. has, as of March 31, 2025, acquired a majority of the shares issued by Kyo Diagnostics K.K., making the said co
Slide 37: Topics: Clarivate Top 100 Global Innovator
HD Topics Details here (official website) SCREEN Is Chosen as a Clarivate Top 100 Global Innovator for 2025, for the Fourth Consecutive Year (announced March 13, 2025) SCREEN has been selected as one of the Top 100 Global Innovators for 2025 for the fourth consecutive year by Clarivate, based on its
Slide 38: Topics: Health & Productivity Stock selection
Details here (in Japanese only) HD Topics SCREEN Is Selected as a Health & Productivity Stock for the Second Time and Certificated as a Health & Productivity Management Organization for the Third Consecutive Year by METI (announced March 11, 2025) Among the listed companies implementing health manag
Slide 39: Topics: Joint research agreement with imec
Details here (official website) SPE Topics New Joint Research and Development Agreement with imec ーAccelerating the Development of Ecological Semiconductor Processing (announced March 12, 2025) SCREEN Semiconductor Solutions Co., Ltd. has signed a new Strategic Partner Agreement with imec (Interuniv
Slide 40: Topics: MEXT science and technology award
Details here (in Japanese only) SPE Topics SCREEN Is Awarded by the Ministry of Education, Culture, Sports, Science and Technology (MEXT) of Japan in the Field of Science and Technology for 2025 (announced March 7, 2025) Awarded under the R&D category for the achievement in the development of semico
Slide 41: Topics: Small group meetings save the date
HD Topics SAVE THE DATE Small group meetings to be hosted by the company for fiscal year ended March 31, 2025 (for institutional investors) Dates and Time: - Japanese: May 21 09:30-10:15 (JST) June 5 16:30-17:15 (JST) - English: May 27 09:00-09:45 (JST) June 11 17:00-17:45 (JST) The meeting will
Slide 42: Semiconductor Solution Business (as of CY2024)
SPE Semiconductor Solution Business (as of CY2024) Single wafer cleaning equipment Batch-type cleaning equipment Spin scrubber SU series FC-3100 SS series Global Share Global Share Global Share No.1* No.1* No.1* 42% 38% 46% 70% 45% 63% *Graph created by SCREEN based on Gartner Research, Source, Gart
Slide 43: Appendix: Sales composition by product
SPE Appendix Sales composition by product (FY2025/03) Coater/Developer, FLA, Other FY2022/03 FY2023/03 FY2024/03 FY2025/03 (%) 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 cleaner Note: Above shares are
Slide 44: Appendix KPI trends
Appendix KPI trends FY2026/03 FY2016/03 FY2017/03 FY2018/03 FY2019/03 FY2020/03 FY2021/03 FY2022/03 FY2023/03 FY2024/03 FY2025/03 (Billions of JPY) E Net sales 259.6 300.2 339.3 364.2 323.2 320.3 411.8 460.8 504.9 625.2 621.0 OP income 23.5 33.7 42.7 29.6 12.5 24.4 61.2 76.4 94.1 135.6 117.0 OP marg
Slide 45: Appendix Earnings trends by segment
Appendix Earnings trends by segment (%) 800.0 SPE GA FT PE OP Margin 21.7 16.6 18.6 18.8 25 700.0 14.9 20 11.2 12.6 625.2 15 600.0 9.1 8.1 7.6 621.0 3.9 504.9 10 500.0 460.8 5 411.8 0 400.0 364.2 339.3 323.2 320.3 -5 300.2 300.0 259.6 -10 200.0 -15 -20 100.0 -25 0.0 -30 FY2026/03 FY2016/03 FY2017/03