Hamamatsu Photonics K.k. · TSE:6965
Hamamatsu Photonics K.k — Q1 FY2025 Earnings Presentation
15 slides from Hamamatsu Photonics K.k's earnings presentation, February 2025
Slide 1: First Quarter Report, Fiscal Year ending September 30, 2025
Hamamatsu Photonics K.K. Fiscal Year ending September 30, 2025 First Quarter Report Tokyo Stock Exchange : 6965 February, 2025 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 1
Slide 2: Key points
Key points ◼FY25 Q1 Results • Compared to FY24Q1, which had a high order backlog, FY25Q1 saw a decrease in sales and profit, but it landed within the plan. • Market remained sluggish throughout Q1. ◼Outlook for FY25 Q2 and beyond • Although demand varies by application, overall outlook is in line wi
Slide 3: Agenda
Agenda 01 FY25 Q1 Results 02 Outlook for FY25 Q2 and beyond 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 3
Slide 4: FY25 Q1 Results
Agenda 01 FY25 Q1 Results 02 Outlook for FY25 Q2 and beyond 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 4
Slide 5: Financial Summary
Financial Summary Decrease in sales and operating profit YoY Unit: Billion yen FY24 FY25 YoY Q1 Actual Q1 Actual Change % Sales 53.5 50.5 -2.9 -5.5 Gross profit 28.2 24.4 -3.8 -13.7 (%) (52.9 %) (48.3 %) Operating profit 11.4 4.2 -7.1 -62.7 (%) (21.5 %) (8.5 %) Net profit 8.9 4.1 -4.7 -53.2 Unit: Bi
Slide 6: Quarterly Changes
Quarterly Changes Sales Operating profit Unit: Billion yen -5.5 % -62.7 % -5.3 % -37.2 % 53.5 53.4 11.4 50.4 50.5 46.5 8.5 6.8 5.2 4.2 FY24Q1 FY24Q2 FY24Q3 FY24Q4 FY25Q1 FY24Q1 FY24Q2 FY24Q3 FY24Q4 FY25Q1 *Including NKTP's results from FY24Q4 🄫 Hamamatsu Photonics K.K. and its affiliates. All…
Slide 7: Factors of Operating Profit Changes (FY24Q1-FY25Q1)
Factors of Operating Profit Changes (FY24Q1-FY25Q1) Excluding impact of currency fluctuation Unit: Billion yen -2.0 S.G.&A. Expenses/ R&D Impact of Decrease in gross profit -2.8 increase currency 11.4 due to sales fluctuation decrease Decrease due to lower -3.0 +0.6 gross profit margin 4.2 Operating
Slide 8: Sales by Applications - Overview
Sales by Applications - Overview Sales of sensors for X-ray CT and dental testing equipment declined due to high Medical-bio Radiographic testing interest rates in Europe and the U.S. and economic slowdown in China. Semiconductor Sales of stealth dicing engines for cutting wafers increased due to st
Slide 9: Sales by Region
Sales by Region FY2023 FY24 1H Q1 actual FY2024 FY25 1H Q1 actual North North Europe Europe America America 21.9 % 24.9 % 25.1 % 22.8 % Asia Japan Asia Japan 32.9 % 20.0 % 31.1 % 20.9 % Unit: Billion yen (Millions of yen) Europe Asia (China) Japan North America FY24 Q1 11.7 17.6 (13.4) 10.7 13.3 FY2
Slide 10: Balance Sheet
Balance Sheet Unit: Billion yen FY24 FY25Q1 Change Cash and deposits 97.0 101.6 4.6 Inventories 80.5 84.9 4.3 Fixed assets 195.6 201.6 5.9 Total assets 434.6 448.5 13.8 Interest-bearing debt 36.9 57.6 20.7 Total liabilities 101.6 131.6 30.0 Total net assets 333.0 316.8 -16.1 Total liabilities and ne
Slide 11: Outlook for FY25 Q2 and beyond
Agenda 01 FY25 Q1 Results 02 Outlook for FY25 Q2 and beyond 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 11
Slide 12: Outlook for FY25 Q2 and beyond
Outlook for FY25 Q2 and beyond Overall outlook is in line with initial plan, although demand varies by application. Application Outlook for Q2 and beyond • Demand for X-ray CT is expected to remain low compared to COVID pandemic. Radiographic • Demand for dental testing equipment is weak due to high
Slide 13: FY25 projections
FY25 projections No change in full-year Plan Unit: Billion yen YoY FY24 Actual FY25 Plan Change % Sales 203.9 218.9 15.0 7.3 Gross profit 103.8 109.9 6.1 5.8 (%) (50.9 %) (50.2 %) Operating profit 32.1 24.1 -8.0 -25.0 (%) (15.7 %) (11.0 %) Net profit 25.1 18.0 -7.1 -28.2 $1 150.54 145.00 Exchange ra
Slide 14: 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 as of making it. No guarantees, promises are made as to its accuracy or completeness. ◼ This material includes
Slide 15: 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 15
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