Hamamatsu Photonics K.k. · TSE:6965
Hamamatsu Photonics K.k — Q1 FY2026 Earnings Presentation
16 slides from Hamamatsu Photonics K.k's earnings presentation, February 2026
Slide 1: Fiscal Year ending September 30, 2026 First Quarter Report
Fiscal Year ending September 30, 2026 First Quarter Report Tokyo Stock Exchange：6965 February, 2026 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 1
Slide 2: Point
Point ┃FY26 Q1 Results (Unit : Billion yen) Sales 51.9 (+2.6 ％ YoY) Operating profit 2.4 (-43.9％ YoY) • Solid growth in Industrial continues, and demand in • Investments for future growth resulted in 2.7 Medical-bio has shown signs of bottoming out percentage points decline in gross profit margin an
Slide 3: Agenda
Agenda 01 FY26 Q1 Results 02 Outlook from FY26 Q2 onward 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
Slide 4: FY26 Q1 Results
Agenda 01 FY26 Q1 Results 02 Outlook from FY26 Q2 onward 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
Slide 5: Financial Results
Financial Results Solid growth in Industrial continues, and demand in Medical-bio has shown signs of bottoming out Increase in expenses resulting from upfront investments (Unit : Billion yen) FY25 FY26 YoY Q1 Q1 Change ％ Sales 50.5 51.9 1.3 2.6 Gross profit 24.4 23.6 -0.7 -3.1 （%） (48.3 %) (45.6 %)
Slide 6: Quarterly Changes
Quarterly Changes Sales (Unit : Billion yen) Operating profit (Unit : Billion yen) 56.1 56.5 6.4 50.5 48.7 51.9 4.2 3.8 1.5 2.4 FY25Q1 FY25Q2 FY25Q3 FY25Q4 FY26Q1 FY25Q1 FY25Q2 FY25Q3 FY25Q4 FY26Q1 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 6
Slide 7: Sales by application
Sales by application (Unit : Billion yen) YoY FY25 Q1 FY26 Q1 Change ％ Industrial 17.3 18.1 0.8 4.6 Medical-bio 14.4 15.9 1.4 10.2 Analytical 6.4 6.1 -0.3 -4.9 Academic Research 4.9 4.5 -0.4 -9.0 Measuring 2.4 3.0 0.5 23.7 Transport 1.2 1.0 -0.1 -13.3 🄫 Hamamatsu Photonics K.K. and its affiliates…
Slide 8: Sales by Region
Sales by Region (Unit : Billion yen) Asia Japan Asia Japan 15.7 10.5 16.6 10.9 (31.1 %) (20.9 %) (32.0 %) (21.1 %) FY25 Q1 FY26 Q1 50.5 51.9 Europe North America Europe North America 12.6 11.5 11.5 12.6 (25.1 %) (22.8 %) (22.3 %) (24.4 %) FY25 Q1 FY26 Q1 Change % Japan 10.5 10.9 0.3 3.7 North Americ
Slide 9: Factors of Operating Profit Changes
Factors of Operating Profit Changes FY25 Q1 – FY26 Q1 Excluding impact of currency fluctuation (Unit : Billion yen) Decrease due to lower gross profit margin +0.3 4.2 Increase in gross Increase in SG&A profit due to expenses/R&D expenses increase in sales -1.5 +0.1 2.4 -0.7 Impact by currency fluctu
Slide 10: Inventory status
Inventory status ┃Activities to Shorten CCC (Cash Conversion Cycle) • Increase in semiconductor failure analysis systems pending customer acceptance • Increase in inventories toward FY26 Q2 and beyond, driven by higher order intake • No change to the target cash conversion cycle (CCC) of 240 days [I
Slide 11: Outlook from FY26 Q2 onward
Agenda 01 FY26 Q1 Results 02 Outlook from FY26 Q2 onward 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
Slide 12: Earnings Forecast
Earnings Forecast At this time, there is no change to earnings forecasts （Unit : Billion yen) FY26 YoY FY25 (Plan) Change % Sales 212.0 222.0 9.9 4.7 Gross profit 101.3 106.2 4.8 4.8 （%） (47.8 %) ( 47.8 %) Operating profit 16.1 17.2 1.0 6.4 （%） (7.6 %) ( 7.7 %) EBITDA 38.5 39.9 1.4 3.8 Net profit 14
Slide 13: Outlook from FY26 Q2 onward
Outlook from FY26 Q2 onward Application Outlook from FY26 Q2 onward Against backdrop of expanding AI semiconductor demand, Semiconductor light sources and sensors for semiconductor inspection manufacturing and testing equipment are performing strongly Semiconductor failure Semiconductor failure anal
Slide 14: Orders trends
Orders trends Order intake continues to perform strongly Progress against FY26 sales plan is also tracking more favorably than last year （FY23Q4を基準） Order Progress Orders and Backlog Trend（FY24Q1 base） （FY24Q1基準） （Cumulative orders as a percentage of sales） 1.5 1 0.8 1 0.6 0.4 0.5 0.2 0 0 Feb Dec Oc
Slide 15: 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 or promises are made as to its accuracy or completeness. ◼ This material include
Slide 16: 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 16
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