Tera Probe, Inc. · TSE:6627

Tera Probe — Q1 FY2025 Earnings Presentation

23 slides from Tera Probe's earnings presentation, May 2025

  1. Slide 1: 1Q FY2025 Consolidated Financial Results

    1Q FY2025 Consolidated Financial Results Tera Probe, Inc. Stock code: 6627 This presentation has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated presentation and the Japanese original, the original shall prevail. Copyrig

  2. Slide 2: 1Q FY2025 Financial Information

    1Q 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©2025 Tera Probe, Inc. All Rights Reserved.

  3. Slide 3: Consolidated Financial Summary (QoQ)

    Consolidated Financial Summary (QoQ) ◼ Net sales recovery as growth in servers and AI-related products offset decrease in logic devices for automotive due to inventory adjustments (Unit : Billion Yen) FY2024 FY2025 QoQ 1Q 2Q 3Q 4Q 1Q Change % Net sales 8.95 9.93 9.23 9.00 9.25 0.25 3% Gross profit 2

  4. Slide 4: Analysis of Consolidated Operating Income (QoQ)

    Analysis of Consolidated Operating Income (QoQ) ◼ Increase in operating income due to net sales recovery and decrease in depreciation (Unit : Billion Yen) Net sales : Increase Decrease in logic devices for automotive Increase in servers and AI-related products Depreciation : Decrease End of deprecia

  5. Slide 5: Difference between 1Q forecast and actual results

    Difference between 1Q forecast and actual results ◼ Net Sales and operating income below forecast due to strong yen against NT$ ◼ Net income exceeded forecast on ¥67M gain from fixed asset sale and lower corporate taxes (Unit : Billion Yen) 1Q FY2025 Forecast Result Change % Net sales 9.40 9.25 -0.1

  6. Slide 6: Consolidated Financial Summary (YoY)

    Consolidated Financial Summary (YoY) ◼ Decrease in logic devices for automotive due to inventory adjustments ◼ Increase in servers and AI-related products since 4Q 2024 (Unit : Billion Yen) FY2024 FY2025 YoY 1Q 1Q Change % Net sales 8.95 9.25 0.30 3% Gross profit 2.34 2.40 0.06 3% % Margin 26.1% 26.

  7. Slide 7: Analysis of Consolidated Operating Income (YoY)

    Analysis of Consolidated Operating Income (YoY) ◼ Increase in various expenses excluding depreciation, despite increase in net sales (Unit : Billion Yen) Net sales : Increase Increase in servers and AI-related products since 4Q 2024 Utility : Increase New capital investment for advanced testers Depr

  8. Slide 8: Quarterly Net Sales and Operating Income

    Quarterly Net Sales and Operating Income ◼ Operating income margin recovered from 16.3% to 19.0% due to increase in net sales and decrease in depreciation (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 8

  9. Slide 9: Quarterly Net Sales by Products

    Quarterly Net Sales by Products ◼ Automotive ratio declined due to decreased demand for automotive and increased demand for servers and AI-related products. (Unit : Billion Yen) TPJ 55％ TPW 37％ Logic Memory TPJ：TeraProbe TPW=TeraPower Technology Inc. Copyright© 2025 Tera Probe, Inc. All Rights Reser

  10. Slide 10: Quarterly Net Sales by Application (Trends from FY2021)

    Quarterly Net Sales by Application (Trends from FY2021) (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 10

  11. Slide 11: Quarterly Net Sales by Application (Trends by quarter)

    Quarterly Net Sales by Application (Trends by quarter) (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 11

  12. Slide 12: Consolidated Balance Sheet and Cash Flow

    Consolidated Balance Sheet and Cash Flow ◼ Maintain financial strength to meet continued capital investments. (Unit : Billion Yen) FY2024 FY2025 QoQ YoY As of As of As of As of As of Change % Change % Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Total asssets 70.1 72.9 73.4 75.4 71.5 -3.9 -5% 1.4 2% Cash

  13. Slide 13: Capital Expenditure and Depreciation

    Capital Expenditure and Depreciation ◼ Continued capital investments for servers and AI-related products CAPEX (Unit : Billion Yen) Depreciation (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 13

  14. Slide 14: 2Q and 3Q FY2025 Consolidated Earnings Forecast

    2Q and 3Q FY2025 Consolidated Earnings Forecast Copyright©2025 Tera Probe, Inc. All Rights Reserved.

  15. Slide 15: Consolidated Earnings Forecast (2Q,3Q FY2025)

    Consolidated Earnings Forecast (2Q,3Q FY2025) ◼ Servers and AI-related products will remain steady ◼ Close watch on demand trends from Q3 in light of global uncertainty (Unit : Billion Yen) FY2024 FY2025 QoQ FY2025 QoQ YoY 1Q 2Q 3Q 9months 1Q 2Q Change % 3Q Change % 9months Change % Net sales 8.95 9

  16. Slide 16: Capital Expenditure and Depreciation Forecast (2Q,3Q FY2025)

    Capital Expenditure and Depreciation Forecast (2Q,3Q FY2025) ◼ TPW : Continue capital investments in advanced testers ◼ TPJ : Capital investments in testers for new foreign business CAPEX (Unit : Billion Yen) Depreciation (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 16

  17. Slide 17: Appendix

    Appendix Copyright©2025 Tera Probe, Inc. All Rights Reserved.

  18. Slide 18: 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

  19. Slide 19: 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

  20. Slide 20: 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

  21. Slide 21: Consolidated Net Sales Ratio by Customers' Region

    Consolidated Net Sales Ratio by Customers’ Region Tera Probe TeraPower Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 21

  22. Slide 22: Consolidated Financial Summary (In millions of yen)

    Consolidated Financial Summary (In millions of yen) (Unit : million yen) FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Net sales 17,961 21,740 16,908 18,340 25,942 33,212 35,404 37,109 Gross profit 3,710 4,006 1,602 2,078 6,168 9,379 9,682 9,601 Operating income 1,878 1,671 -111 429 4,162

  23. Slide 23: 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

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