Screen Holdings Co., Ltd · TSE:7735
Screen — Q1 2026 Earnings Presentation
34 slides from Screen's earnings presentation, Jul 25, 2025
Slide 1: Consolidated business results and forecasts
Consolidated business results and forecasts FY2026/03 first quarter ended June 30, 2025 SCREEN Holdings Co., Ltd. Masato Goto Yoichi Kondo Representative Director, President & CEO Executive Vice President & CFO July 25, 2025 Cautionary statements: • The earnings forecasts, contained in these materia
Slide 2: Summary of FY2026/03 1Q earnings
Summary of FY2026/03 1Q earnings Consolidated business results and forecasts FY2026/03 first quarter ended June 30, 2025 SCREEN Holdings Co., Ltd. Yoichi Kondo Executive Vice President & CFO 2024年５月９日 July 25, 2025 2024年５月９日 SCREEN Holdings Co., Ltd. FY2026/03Q1_20250725ｰE
Slide 3: FY2026/03 1Q summary of consolidated earnings
FY2026/03 1Q summary of consolidated earnings Net sales QoQ Sales increased while profits decreased yoy 135.7 bn +1.2 % (+1.5 bn) • No major deviation from the initial forecasts OP income QoQ SPE: Sales and profits both fell yoy 24.3 bn -12.2 % (-3.3 bn) • 1Q results landed within the expected range
Slide 4: FY2026/03 1Q consolidated earnings
FY2026/03 1Q consolidated earnings Quarterly trends (Billions of JPY) FY2025/03 FY2026/03 1Q 2Q 3Q 4Q Full 1Q Difference (YoY) Net sales 134.2 143.1 182.5 165.3 625.2 135.7 1.5 1.2% OP income 27.7 30.4 42.3 35.0 135.6 24.3 -12.2% -3.3 OP margin 20.7% 21.3% 23.2% 21.2% 21.7% 18.0% -2.7pt Ordinary 27.
Slide 5: Composition of group sales by destination
Composition of group sales by destination Quarterly trends (Billions of JPY) 200 182.5 12% 165.3 Japan 150 143.1 14% 18% Taiwan 134.2 135.7 14% 14% 15% China 23% 19% 17% 100 29% Korea 47% 40% Asia - Other 37% 46% 34% 50 7% North America 3% 3% 5% 5% 5% 3% 5% 4% 14% 9% 4% Europe 8% 11% 9% 4% 7% 5% 6%
Slide 6: Composition of group sales by segment
Composition of group sales by segment Quarterly trends (Billions of JPY) 200 182.5 0.5% 1.5% 165.3 5.6% 0.1% 7.6% 2.8% 143.1 6.7% Other 150 134.2 0.7% 135.7 2.1% 8.5% 0.2% 0.4% 2.3% 2.9% 6.5% 3.9% 9.0% 7.4% PE 9.2% 9.5% 100 FT 84.8% 82.0% 81.6% GA 83.6% 80.7% 50 SPE 0 1Q 2Q 3Q 4Q 1Q FY2025/03 FY2026
Slide 7: FY2026/03 1Q consolidated earnings by segment
FY2026/03 1Q consolidated earnings by segment FY2025/03 FY2026/03 (Billions of JPY) 1Q 2Q 3Q 4Q 1Q YoY Net sales 112.1 116.8 154.8 135.5 109.5 -2.6 -2.4% • Sales and profits both fell SPE Sales to Foundry and DRAM fell; OP income 29.0 29.9 41.9 36.0 25.6 -3.3 -11.6% decreased ratio of sales to China
Slide 8: Financial standing: Balance sheet
Financial standing: Balance sheet Equity ratio improved to 64.5％ thanks to the efforts to shrink the total assets. Assets (Billions of JPY) Liabilities & net assets (Billions of JPY) 676.8 671.2 668.1 676.8 671.2 668.1 632.0 639.0 632.0 54.6 53.0 639.0 51.6 110.7 5.3 5.0 4.5 46.0 Cash & time 56.6 16
Slide 9: Financial standing: Cash flows
Financial standing: Cash flows Operating cashflow for 1Q remained at ¥6.9 billion despite the recording of net income, due to the payment of income taxes and other factors. QoQ (Billions of JPY) Operating CF Investing CF Financing CF FCF 90 65.6 60 59.0 26.8 30 8.0 22.4 10.9 6.9 -2.7 0 -1.0 -2.8 -4.
Slide 10: R&D expenses, CAPEX and depreciation/amortization
R&D expenses, CAPEX and depreciation/amortization QoQ (Billions of JPY) YoY (Billions of JPY) R&D expenses Capital expenditures Depreciation/Amortization R&D expenses 20 40 • 1Q: R&D expenses and personnel expenses—mainly 30 attributable to SPE—landed at the expected range 10 20 • 1H vs 2H: Expectin
Slide 11: Analysis of operating income growth
Analysis of operating income growth FY2025/03 1Q vs FY2026/03 1Q (Billions of JPY) 35 Sales and capacity utilization Mainly contributed by FT and GA +2.0 2.0 30 27.7 Profitability -1.0 25 24.3 Improvement mainly attributable to GA Sales and Profitability -4.0 -0.5 20 capacity utilization Fixed costs
Slide 12: FY2026/03 business forecasts
FY2026/03 business forecasts (as of July 25, 2025) FY2025/03 FY2026/03 Forecast (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.
Slide 13: Analysis of operating income growth—forecast
Analysis of operating income growth—forecast FY2025/03 vs FY2026/03 E (Billions of JPY) 160 Sales and capacity utilization +8.0 8.0 To be contributed by FT, GA, and PE 140 135.6 -2.0 Sales and capacity Profitability Profitability 120 117.0 Positive impact from FT, GA, and PE utilization -19.5 Fixed
Slide 14: Annual dividend outlook
Annual dividend outlook FY2025/03 FY2026/03 E (JPY, per share) Interim dividend 120 123 Year-end dividend 188 157 Annual dividend 308 280 Note: Value Up Further 2026 targets a consolidated dividend payout ratio of 30% or above. SCREEN Holdings Co., Ltd. FY2026/03Q1_20250725ｰE 14
Slide 15: Business environment and outlook
Business environment and outlook Consolidated business results and forecasts FY2026/03 first quarter ended June 30, 2025 SCREEN Holdings Co., Ltd. Masato Goto Representative Director, President & CEO 2024年５月９日 July 25, 2025 2024年５月９日 SCREEN Holdings Co., Ltd. FY2025/03Q4_20250509ｰE
Slide 16: FY2026/03 full-year outlook: Summary
FY2026/03 full-year outlook: Summary SPE: Aiming to maintain solid net sales by thoroughly capturing opportunities arising from the leading- edge investment in Foundries and Memory for AI-related applications as well as mature-node Foundry demands FT: Good performance expected buoyed by the robust F
Slide 17: SPE: Business overview
SPE SPE: Business overview Market trends and outlook WFE: May forecast remains unchanged. CY2025 market expected to match the CY2024 level, around $110 billion >> Further growth expected in CY2026 Investment trends by application Foundry Continued investment momentum in leading-edge nodes, espec
Slide 18: 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) 154.8 150 Foundry 135.5 116.8 Logic QoQ 112.1 52% 109.5 Sales to DRAM increased Flash 100 YoY 43% 51% 60% 47% DRAM Sales to Logic and Flash increased slightly; the former mainly 7% Imaging Device attributable
Slide 19: SPE: Composition of sales by destination
SPE SPE: Composition of sales by destination QoQ (Billions of JPY) 154.8 Japan 150 10% 135.5 Taiwan QoQ 116.8 15% 16% Sales to Taiwan grew slightly 112.1 109.5 11% China 11% 100 13% 19% 22% 27% YoY Korea Sales to Taiwan rose significantly, 49% 34% while sales to Japan increased Asia—Other slightly 4
Slide 20: SPE: Composition of sales by application—forecast
SPE SPE: Composition of sales by application—forecast › 1Q vs 2Q E: DRAM expected to increase significantly › 1H E vs 2H E: Logic expected to increase, targeting new clients › FY2025/03 vs FY2026/03 E: DRAM expected to increase Half-year forecast (Billions of JPY) YoY (Billions of JPY) 519.5 300 290
Slide 21: SPE: Composition of sales by destination—forecast
SPE SPE: Composition of sales by destination—forecast › 1Q vs 2Q E: Sales to China expected to increase significantly in 2Q › 1H E vs 2H E: Sales to Japan, Asia Oceania, Korea and North America expected to increase › FY2025/03 vs FY2026/03 E: Sales to Taiwan, Japan, and Asia Oceania expected to incr
Slide 22: GA: Sales trends and forecast
GA GA: Sales trends and forecast › Recuring business remains stable › Aiming to improve profitability notwithstanding the impact of the U.S. tariff policy Half-year forecast (Billions of JPY) YoY (Billions of JPY) 30 53.0 53.0 27.7 28.0 12.9 25.2 12.1 25.0 10 40 20 Equipment, Other 5 20 10 Recurring
Slide 23: FT: Sales trends and forecast
FT FT: Sales trends and forecast › Sales buoyed by the recovery of the FPD market, with OLED expected to be the major growth driver › Returned to profitability in FY2025/03 for the first time in three years, stable sales and profits expected in FY2026/03 Half-year forecast (Billions of JPY) YoY (Bil
Slide 24: PE: Sales trends and forecast
PE: Sales trends and forecast PE › Full recovery of investment in packaging associated with the miniaturization of circuit boards is expected from the end of CY2025 onward › Post-sales remains solid Half-year forecast (Billions of JPY) YoY (Billions of JPY) 10 20 8.0 4.0 4 15.0 6.9 7.2 7.0 14.1 3.0
Slide 25: Summary of resolutions regarding treasury shares
Summary of resolutions regarding treasury shares (announced July 25, 2025) Details here (official website) Cancellation of treasury shares Class of shares to be cancelled Common stock Reference: Following the cancellation, Number of shares issued: 95,379,986 Number of shares to be cancelled 6,209,74
Slide 26: ESG initiatives
ESG initiatives E (Environmental) Annual update of climate-related disclosure based on TCFD recommendations • Redefined the decarbonization roadmap for Scope 1 and 2 as a "transition plan" • Outlined greenhouse gas emission reduction targets, key measures, and funding strategies for carbon neutral
Slide 27: Recent SCREEN Group News
Recent SCREEN Group News (selected news from May 10, 2025 – July 25, 2025) Details here (official website) Sony, SCREEN and VitroVo to Start Trial Offer of MEA System Capable of Simultaneous Measuring and Recording Data from Approximately 237,000 Electrodes HD Contributing to high-definition visua
Slide 28: Topics: Launch of LUPIOS direct imaging system
PE Topics Details here (official website) Launch of “LUPIOS,” Direct Imaging System for Patterning (announced May 29, 2025) SCREEN PE has developed a new direct imaging system called “LUPIOS” for mid-range package substrates. The product will be released for sales in October 2025. This system inhe
Slide 29: Topics: MEA system trial offer
HD Topics Details here (official website) Announcement to Start Trial Offer of MEA System Capable of Simultaneous Measuring and Recording Data from Approximately 237,000 Electrodes Contributing to high-definition visualization of cellular activity and supporting research into neuronal and cardiac di
Slide 30: Topics: Save the date, small group meetings
HD Topics SAVE THE DATE Small group meetings to be hosted by SCREEN for the first quarter ended June 30, 2025 (for institutional investors) Dates and Time: - Japanese: August 20 09:30-10:15 (JST) September 1 16:30-17:15 (JST) - English: August 22 09:00-09:45 (JST) September 2 17:00-17:45 (JST) T
Slide 31: Topics: Save the date, SCREEN IR Day
HD Topics SAVE THE DATE SCREEN IR Day for the fiscal year ending March 31, 2026 (for institutional investors and analysts) Date: December 16, 2025 (afternoon) Venue: Hybrid format combining SCREEN Monzennakacho Site (Tokyo, Japan) and online participation. >> Further information will be provided
Slide 32: Appendix: Sales composition by product
SPE Appendix Sales composition by product (FY2026/03 1Q) Coater/Developer, FLA, Other 5% FY2023/03 FY2024/03 FY2025/03 FY2026/03 (%) 1Q 20% Single-wafer cleaner 65 70 80 75 Batch-type cleaner Batch-type cleaner 25 20 15 20 Single-wafer Coater/Developer, cleaner 10 10 5 5 FLA, Other 75% Note: Above s
Slide 33: 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 34: 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