Hamamatsu Photonics K.k. · TSE:6965

Hamamatsu Photonics K.k — Q3 FY2026 Earnings Presentation

32 slides from Hamamatsu Photonics K.k's earnings presentation, August 2026

  1. Slide 1: Fiscal Year Ending September 30, 2026 Third Quarter Report

    Fiscal Year Ending September 30, 2026 Third Quarter Report Tokyo Stock Exchange : 6965 August 2026 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 1

  2. Slide 2: Point

    Point ┃FY2026 Q3 YTD Results (Unit: Billion yen) Sales and operating profit increased YoY Sales 173.0 (YoY +11.3 ％) Operating profit 16.3 (YoY +33.1 ％) • Strong performance driven by Industrial • Operating profit increased 33.1% YoY in Q3 • For Semiconductor manufacturing and testing equipment YTD +

  3. Slide 3: Agenda

    Agenda 01 FY2026 Q3 YTD Results 02 FY2026 Forecasts 03 TOPICS 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.

  4. Slide 4: Agenda

    Agenda 01 FY2026 Q3 YTD Results 02 FY2026 Forecasts 03 TOPICS 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.

  5. Slide 5: Financial Results

    Financial Results Sales and Operating profit increased YoY Industrial drove sales growth, supported by expanding AI data center investments (Unit: Billion yen) FY2025 FY2026 YoY Q3 YTD Q3 YTD Change ％ Sales 155.4 173.0 17.5 11.3 75.0 83.6 Gross profit 8.5 11.4 (48.3 %) (48.3 %) 12.2 16.3 Operating p

  6. Slide 6: Quarterly Changes

    Quarterly Changes Sales (Unit: Billion yen) Operating profit (Unit: Billion yen) 7.6 56.5 60.5 60.5 51.9 6.3 48.7 3.8 1.5 2.4 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 6

  7. Slide 7: Sales by Application

    Sales by Application Industrial drove sales growth, supported by expanding AI data center investments (Unit: Billion yen) FY2025 FY2026 YoY Q3 YTD Q3 YTD Change % Industrial 53.5 64.6 11.0 20.6 Medical-bio 44.4 48.1 3.7 8.5 Analytical 19.1 20.7 1.6 8.4 Academic Research 15.9 14.1 -1.7 -11.2 Measurin

  8. Slide 8: Sales by Application

    Sales by Application (Unit: Billion yen) FY2025 FY2026 Q3 YTD Q3 YTD Semiconductor Demand for light sources and sensors for manufacturing and 26.2 31.0 semiconductor inspection equipment remains testing strong Semiconductor failure Remained strong, supported by growing demand analysis systems 6.9 9.

  9. Slide 9: Sales by Application

    Sales by Application (Unit: Billion yen) FY2025 FY2026 Q3 YTD Q3 YTD Remained solid, mainly for X-ray CT inspection Radiographic testing 26.3 28.8 equipment Sales of new virtual slide scanner products Laboratory testing 13.3 14.6 remained strong Medical-bio Others 4.6 4.7 Total 44.4 48.1 🄫…

  10. Slide 10: Sales by Region

    Sales by Region Asia Japan Asia Japan 47.0 34.3 53.8 37.2 (30.2 %) (22.1 %) (31.1 %) (21.5 %) FY2025 FY2026 Q3 YTD Q3 YTD 155.4 173.0 Europe North America Europe North America 36.9 36.7 40.0 41.6 (23.8 %) (23.7 %) (23.1 %) (24.1 %) (Unit: Billion yen) FY2025 Q3 YTD FY2026 Q3 YTD Change % Japan 34.3

  11. Slide 11: Factors of Operating Profit Changes

    Factors of Operating Profit Changes FY2025 Q3 YTD – FY2026 Q3 YTD Excluding impact of currency fluctuation (Unit: Billion yen) Decrease due to decline in gross 5.7 profit margin 3.0 16.3 12.2 -3.0 Increase in gross -1.6 Impact of currency fluctuation profit due to Increase in SG&A increase in sales

  12. Slide 12: Inventory Status

    Inventory Status ┃Started efforts to shorten cash conversion cycle (CCC) • Inventories increased with higher orders, while CCC steadily improved • No change to target cash conversion cycle (CCC) of 240 days [Inventory trends] (Unit: Billion yen) [CCC] FY25 Q4 FY26 Q2 FY26 Q3 FY28 (Target) 39.4 41.5

  13. Slide 13: Order Trends

    Order Trends Orders remained strong Orders and Backlog Trend (FY2024Q1 base) Points for FY2026 Q3 2 ①FY2026 Q3 orders include the AIST Quantum Control Laser System order* *Disclosed in FY2026 Q2 financial results presentation 1.5 materials ②Orders for Industrial remained solid 1 3 2.5 2 0.5 1.5 1 0.

  14. Slide 14: Agenda

    Agenda 01 FY2026 Q3 YTD Results 02 FY2026 Forecasts 03 TOPICS 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.

  15. Slide 15: FY2026 Forecasts

    FY2026 Forecasts Forecasts revised upward on continued industrial demand and updated exchange rate assumptions (Unit: Billion yen) FY2025 FY2026 FY2026 YoY vs Previous Forecasts (Previous (Revised (Actual) Forecasts*) Forecasts) Change % Change % Sales 212.0 232.0 239.0 26.9 12.7 7.0 3.0 101.3 111.7

  16. Slide 16: FY2026 Forecasts

    FY2026 Forecasts (Unit: Billion yen) FY2025 FY2026 FY2026 YoY vs Previous Forecasts (Previous (Revised (Actual) Change % Change % Forecasts*) Forecasts) Industrial 74.2 90.2 91.9 17.6 23.7 1.6 1.8 Medical-bio 60.2 65.1 65.4 5.2 8.7 0.2 0.4 Analytical 25.6 27.1 27.8 2.2 8.7 0.6 2.5 Academic Research

  17. Slide 17: FY2026 Forecasts

    FY2026 Forecasts (Unit: Billion yen) FY2025 FY2026 (Previous FY2026 (Revised Forecasts (Actual) Forecasts*) Forecasts) Semiconductor Demand for light sources and sensors for manufacturing and 35.8 44.2 45.9 semiconductor inspection equipment remains testing strong Semiconductor Demand remains strong

  18. Slide 18: Shareholder Return

    Shareholder Return Basic policy to provide stable dividends, while also considering share buybacks as appropriate 20 billion yen 20 billion yen*1 (Completed) (Completed) 80.3 % Dividend Policy [Basic policy] 62.8 % Dividend payout ratio: 30 % target 46.8 % [Minimum policy] DOE: 3.5 % 27.0 % 27.5 % ┃

  19. Slide 19: Agenda

    Agenda 01 FY2026 Q3 YTD Results 02 FY2026 Forecasts 03 TOPICS 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.

  20. Slide 20: Our business opportunities driven by AI data center-related demand

    Our business opportunities driven by AI data center-related demand Supplying products for a wide range of applications that support AI data centers, including advanced semiconductor manufacturing and inspection, AI server board inspection, and high-speed optical communications within data centers Gr

  21. Slide 21: Quantum Computer

    Quantum Computer Application areas of our photonics technologies Superconducting Neutral-atom Ion-trap Photonic ・Uses superconducting circuits ・Atoms are trapped, arranged, ・Ions are manipulated using ・Photons are used for quantum operated at extremely low and controlled using lasers electromagnetic

  22. Slide 22: Memorandum of Understanding signed with Yaqumo on photonic systems

    June 4, 2026 Memorandum of Understanding signed with Yaqumo on development and industrialization of advanced photonic systems for quantum computing Hamamatsu Photonics Hamamatsu Photonics A/S * Yaqumo Development and manufacturing World-leading expertise in advanced Expertise in developing Ytterbium

  23. Slide 23: Appendix

    Appendix 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.

  24. Slide 24: Financial Results and Forecasts

    Financial Results and Forecasts (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year % % % % % % % % % % (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Sales 50,587 100.0 56,157 100.0 48,722 100.0 56,583 100.0 212,051 100.0 51,910 100.0 60,586 100.0 60,551 100.0 65,953 100.0 239,

  25. Slide 25: Sales by Application

    Sales by Application (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year % % % % % % % % % % (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Semiconductor manufacturing 8,969 17.7 9,333 16.6 7,915 16.2 9,583 16.9 35,800 16.9 8,516 16.4 10,300 17.0 12,275 20.3 14,823 22.5 45,913 1

  26. Slide 26: Segment Sales Results and Forecasts

    Segment Sales Results and Forecasts (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Electron tube 19,072 18,443 16,599 18,352 72,467 18,662 20,122 20,595 22,320 81,700 Opto- 18,434 21,172 19,620 21,245 80,472 20,109 23,358 23,91

  27. Slide 27: Electron tube segment Segment Results and Forecasts

    Electron tube segment Segment Results and Forecasts (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year % % % % % % % % % % (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Sales 19,072 100.0 18,443 100.0 16,599 100.0 18,352 100.0 72,467 100.0 18,662 100.0 20,122 100.0 20,595 100.

  28. Slide 28: Opto-semiconductor segment Segment Results and Forecasts

    Opto-semiconductor segment Segment Results and Forecasts (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year % % % % % % % % % % (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Sales 18,434 100.0 21,172 100.0 19,620 100.0 21,245 100.0 80,472 100.0 20,109 100.0 23,358 100.0 23,914

  29. Slide 29: Imaging and measurement instrument segment Segment Results and Forecasts

    Imaging and measurement instrument segment Segment Results and Forecasts (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year % % % % % % % % % % (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Sales 6,750 100.0 9,302 100.0 6,876 100.0 9,852 100.0 32,781 100.0 7,386 100.0 9,994 10

  30. Slide 30: Laser segment Segment Results and Forecasts

    Laser segment Segment Results and Forecasts (Unit: Million yen) FY2025 FY2026 1Q 2Q 3Q 4Q Year 1Q 2Q 3Q 4Q Year % % % % % % % % % % (A*) (A*) (A*) (A*) (A*) (A*) (A*) (A*) (RF*) (RF*) Sales 5,276 100.0 6,080 100.0 4,950 100.0 6,148 100.0 22,455 100.0 4,678 100.0 5,847 100.0 6,440 100.0 8,634 100.0 2

  31. Slide 31: Notes

    Notes ◼ This material is not intended to be a solicitation to buy or sell any securities of Hamamatsu Photonics K.K. ◼ The information contained in this material is based on data available at the time of its preparation. No representations or warranties are made as to the accuracy or completeness of

  32. Slide 32: 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.

    🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 32

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