Slide 1: Fiscal Year Ended December 31, 2025 Consolidated Financial Results
Fiscal Year Ended December 31, 2025 Consolidated Financial Results Tera Probe, Inc. Stock code: 6627 Copyright©2026 Tera Probe, Inc. All Rights Reserved.
Slide 2: FY2025 Financial Information
FY2025 Financial Information As a general rule, percent change is indicated as "-" in this document when it exceeds 1,000% or when one or both of the figures used for calculation are negative. Copyright©2026 Tera Probe, Inc. All Rights Reserved.
Slide 3: Financial Highlight
Financial Highlight Achieved record-high full-year net sales, operating income, and ordinary income Net income attributable to Net sales Operating income Ordinary income owners of parent Full year 41,746M¥ 8,893M¥ 8,750M¥ 3,367M¥ （YoY） （+12.5%） （+28.0%） （+24.9%） （-4.0%） 4Q 11,929M¥ 2,935M¥ 3,040M¥ 1
Slide 4: Consolidated Financial Summary (QoQ)
Consolidated Financial Summary (QoQ) ◼ Continued strong demand for EV-related logic products ◼ Sustained high demand for server and AI-related products (Unit : ¥ billions) FY2024 FY2025 QoQ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change % Net sales 8.95 9.93 9.23 9.00 9.25 9.77 10.80 11.93 1.13 10% Gross profit 2.3
Slide 5: Analysis of Consolidated Operating Income (QoQ)
Analysis of Consolidated Operating Income (QoQ) ◼ Increase in operating income driven by net sales growth (Unit : ¥ billions) Net sales : Increase Continued strong demand for EV-related logic products Sustained high demand for server and AI-related products Depreciation : Increase Capital investment
Slide 6: Difference between 4Q forecast and actual results
Difference between 4Q forecast and actual results ◼ Upside in server and AI-related products and weaker-than-expected yen (NT$), leading to net sales and profit exceeding forecasts (Unit : ¥ billions) 4Q FY2025 Forecast Result Change % Net sales 11.35 11.93 0.58 5% Operating income 2.44 2.94 0.50 20
Slide 7: Consolidated Financial Summary (YoY)
Consolidated Financial Summary (YoY) ◼ Net sales growth driven by strong demand for server, AI-related, and EV products despite a decline in automotive logic products for some customers (Unit : ¥ billions) FY2024 FY2025 YoY 12 months 12 months Change % Net sales 37.11 41.75 4.64 12% Gross profit 9.6
Slide 8: Analysis of Consolidated Operating Income (YoY)
Analysis of Consolidated Operating Income (YoY) ◼ Net sales growth absorbed cost increases, resulting in a ¥1.94 billion increase in operating income (Unit : ¥ billions) Net sales : Increase Sustained solid demand for server and AI-related products Expanded business in EV-related logic products Labo
Slide 9: Quarterly Net Sales and Operating Income
Quarterly Net Sales and Operating Income ◼ Record-high quarterly net sales and operating income; operating margin at 25% (Unit : ¥ billions) Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 9
Slide 10: Quarterly Net Sales by Products
Quarterly Net Sales by Products ◼ Increase in automotive net sales ratio driven by expanded EV logic product business (Unit : ¥ billions) TPJ 58％ TPW 41％ Logic Memory * TPJ：TeraProbe TPW=TeraPower Technology Inc. Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 10
Slide 11: Quarterly Net Sales by Application (Trends from FY2021)
Quarterly Net Sales by Application (Trends from FY2021) (Unit : ¥ billions) Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 11
Slide 12: Capital Expenditure and Depreciation
Capital Expenditure and Depreciation ◼ Proactive investment in advanced testers to secure growth opportunities in 2026 CAPEX (Unit : ¥ billions) Depreciation (Unit : ¥ billions) Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 12
Slide 13: EBITDA (Operating Income before Depreciation)
EBITDA (Operating Income before Depreciation) ◼ Maintained high EBITDA margins and stable cash generation (Unit : ¥ billions) * EBITDA = Depreciation + Operating income , EBITDA Margin = EBITDA ÷ Net sales Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 13
Slide 14: Consolidated Balance Sheet and Cash Flow
Consolidated Balance Sheet and Cash Flow ◼ Increase in tangible fixed assets and borrowings due to higher capital investment ◼ Solid operating cash flow (Unit : ¥ billions) FY2024 FY2025 QoQ YoY As of As of As of As of As of As of As of As of Change % Change % Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31
Slide 15: 1H FY2026 Consolidated Earnings Forecast
1H FY2026 Consolidated Earnings Forecast Copyright©2026 Tera Probe, Inc. All Rights Reserved.
Slide 16: Consolidated Earnings Forecast (1H FY2026)
Consolidated Earnings Forecast (1H FY2026) ◼ 1Q: EV-related products remain strong ◼ 2Q: Further demand growth for server and AI-related products (Unit : ¥ billions) FY2025 FY2026 QoQ FY2026 QoQ FY2026 YoY 1Q 2Q 1H 3Q 4Q 1Q Change % 2Q Change % 1H Change % Net sales 9.25 9.77 19.02 10.80 11.93 12.10
Slide 17: Capital Expenditure and Depreciation Forecast (1H FY2026)
Capital Expenditure and Depreciation Forecast (1H Y2026) ◼ Continuing to expand production capacity to capture AI-related demand CAPEX (Unit : ¥ billions) Depreciation (Unit : ¥ billions) Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 17
Slide 18: Topics
Topics Copyright©2026 Tera Probe, Inc. All Rights Reserved.
Slide 19: Progress Status of Our FY2025 Initiatives
Topics.1 Progress Status of Our FY2025 Initiatives FY2025 Initiatives FY2025 results • Proactive investment in testers for server and AI-related Enhancing business for AI semiconductors and AI products related products • Net sales increased 170% year on year, rising by ¥6.5B • Ongoing discussions to
Slide 20: Market valuation (PBR・PER)
Topics.2-1 Market valuation (PBR・PER) PBR PER 1.4 times 17.0 times Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 20
Slide 21: Return on capital (ROE・ROIC)
Topics.2-2 Return on capital (ROE・ROIC) ROE ROIC ROE 8.6 % 8.1 % Target Maintain the level exceeding the cost of shareholders' equity Improvement Initiatives • Continuous improvement in Cost of equity WACC net income 7.8%～9.2% 10.4%～12.4% ROIC Target Maintain the level exceeding WACC Enhancement Ini
Slide 22: 2026 Growth Strategy
Topics.3 2026 Growth Strategy 2026 Growth Strategy Trend in Server and AI net sales ratio Aggressive business capture in AI and Advanced AI Device Segments Aiming to be the partner of choice in growth areas such as AI, advanced logic, and CIS, leveraging strengths in technology, quality, and through
Slide 23: Dividend
Topics.4 Dividend Dividend payout ratio DPS (consolidated) Shareholder Return Policy ¥110 29.7 % 1. Capital investment to strengthen the business base necessary to increase corporate value and achieve a sound financial position, while also responding to earnings conditions. 2. Dividends Approximatel
Slide 24: Appendix
Appendix Copyright©2026 Tera Probe, Inc. All Rights Reserved.
Slide 25: Corporate Overview
Corporate Overview Name Tera Probe, Inc. Head office Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa Locations Kyushu Operation Center (Kumamoto Japan) TeraPower Technology Inc. (Subsidiary/Taiwan) Representative President & Representative Executive Officer : Tsuyoshi Yokoyama Establishment August
Slide 26: History
History Aug. 2005 TPJ established by spinning off the test business of Elpida Memory. Oct. 2005 Opened Hiroshima Operation Center. Started testing business on Memory products. Sep. 2006 Opened Kyushu Operation Center. Started testing business on Logic products. Aug. 2008 Established TPW in Taiwan as
Slide 27: Our Business
Our Business Our business are both wafer testing and final testing Design Wafer Fabrication Front-end Process Semiconductor wafers are verified against designed functionality with Wafer Test an electrical signal to check whether good or bad die. Wafer test is performed under the conditions such as l
Slide 28: Quarterly Net Sales by Application (Trends by quarter)
Quarterly Net Sales by Application (Trends by quarter) (Unit : ¥ billions) Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 28
Slide 29: Consolidated Net Sales Ratio by Customers' Region
Consolidated Net Sales Ratio by Customers’ Region Tera Probe TeraPower Copyright© 2026 Tera Probe, Inc. All Rights Reserved. 29
Slide 30: Consolidated Financial Summary (In millions of yen)
Consolidated Financial Summary (In millions of yen) (Unit : ¥ millions) FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Net sales 17,961 21,740 16,908 18,340 25,942 33,212 35,404 37,109 41,746 Gross profit 3,710 4,006 1,602 2,078 6,168 9,379 9,682 9,601 11,777 Operating income 1,878 1
Slide 31: Disclaimer
Disclaimer This document has been prepared for the purpose of providing investors with an understanding of the current situation of Tera Probe, Inc. Some parts of this document contain information that is not subject to audit or review by the auditors. These materials were prepared based on economic