Rigaku Holdings Corporation · TSE:268A
Rigaku — Q3 FY2026 Earnings Presentation
41 slides from Rigaku's earnings presentation, Nov 11, 2026
Slide 1: 3Q FY12/26 Earnings Presentation
3Q FY12/26 Earnings Presentation Rigaku Holdings Corporation November 11, 2026
Slide 2: Disclaimer
Disclaimer This material has been prepared solely for the purpose of providing relevant information regarding Rigaku Holdings Corporation (“Rigaku” or the “Company”) and does not constitute an offer to sell or the solicitation of an offer to buy any security in the United States, Japan or any other
Slide 3: Agenda
Agenda 1. 3Q FY12/26 Consolidated Financial Results 2. Semiconductor Process Control Instruments Business Update 3. FY12/26 Earnings Forecast Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries 3
Slide 4: 3Q FY12/26 Consolidated Financial Results
3Q FY12/26 Consolidated Financial Results Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 5: Highlights of 3Q FY12/26 Consolidated Financial Results
Highlights of 3Q FY12/26 Consolidated Financial Results ◼ 3Q orders remained strong, growing 66% YoY, while revenue rose 13% YoY. ◼ 1-3Q orders grew 39% YoY, and revenue grew 2% YoY. The pipeline also grew 21% YoY. Overall ◼ Although we recorded losses of ¥1.36bn from special factors in 3Q, the oper
Slide 6: 3Q FY12/26 Consolidated Financial Results Summary (YoY)
3Q FY12/26 Consolidated Financial Results Summary (YoY) ◼ Orders increased 66% YoY ◼ Revenue increased across all categories (¥bn) 3Q FY12/25 3Q FY12/26 YoY ◼ Gross profit margins improved in every Revenue 18.7 21.1 +12.7% category, rising 6.8ppt YoY on a consolidated basis Gross Profit 9.7 12.4 +27
Slide 7: 3Q FY12/26 Performance Summary by Category
3Q FY12/26 Performance Summary by Category Multipurpose Analytical Instruments Semiconductor Process Control Instruments Components and Services (¥bn) 3Q FY12/25 3Q FY12/26 YoY 3Q FY12/25 3Q FY12/26 YoY 3Q FY12/25 3Q FY12/26 YoY Revenue 8.3 8.6 +4.4% 4.2 5.5 +29.4% 6.1 6.9 +12.4% Operating 0.1 -91.2
Slide 8: 1-3Q FY12/26 Consolidated Financial Results Summary (YoY)
1-3Q FY12/26 Consolidated Financial Results Summary (YoY) ◼ Orders increased 39% YoY 1-3Q 1-3Q YoY (¥bn) FY12/25 FY12/26 ◼ Revenue increased, with growth in Semiconductor Process Control Revenue 59.4 60.6 +2.0% Instruments offsetting the decline in Gross Profit 32.4 34.0 +5.0% Multipurpose Analytica
Slide 9: 1-3Q FY12/26 Analysis of Consolidated Operating Profit (YoY)
1-3Q FY12/26 Analysis of Consolidated Operating Profit (YoY) ◼ Operating Profit Margin 6.8% (down by 4.2ppt YoY) • Gross margin improved across all categories, led by Multipurpose Analytical Instruments • Ongoing strategic investments led to R&D and SG&A accounting for a larger share of expenses, of
Slide 10: Semiconductor Process Control Instruments Business Update
Semiconductor Process Control Instruments Business Update Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 11: Strategic Product Roadmap for Next-Gen Semiconductors: Update
Strategic Product Roadmap for Next-Gen Semiconductors: Update ◼ Starting in 2025, we brought a suite of new products to market for next-generation semiconductors. The Joint Evaluation Program (JEP) Market and is proceeding smoothly toward POR(1) status, and we expect some projected sales to be ahead
Slide 12: FY12/26 Earnings Forecast
FY12/26 Earnings Forecast Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 13: FY12/26 Consolidated Earnings Forecast - Unchanged
FY12/26 Consolidated Earnings Forecast - Unchanged FY12/25 FY12/26(1) YoY Key Changes as of 3Q (¥bn) ◼ Multipurpose Analytical Instruments: Strong order intake, but sales recovery continues to lag Revenue 94.1 101.0 +7.2% ◼ Semiconductor Process Control Instruments: Momentum even stronger than in 2Q
Slide 14: Strategic Direction for FY12/27
Strategic Direction for FY12/27 ◼ We expect end-December 2026 order backlog to be up >30% YoY, improving visibility on next year’s earnings growth ◼ Market conditions improving in every category Environmental Awareness Strategy and Outlook ■ Shift toward industry is progressing ■ Strongly driving fa
Slide 15: Conclusion
Conclusion ◼ Semiconductor Process Control Instruments entering full-scale growth stage ⚫ AI semiconductor investment set to continue over medium to long term, with technological advances expanding business opportunities and adoption of X-ray technology accelerating ⚫ Our roadmap now anticipates sev
Slide 16: Appendix
Appendix Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 17: Quarterly Revenue Trend
Quarterly Revenue Trend ◼ 3Q revenue was flat QoQ due to delays in some cases, but the YoY recovery trend held. Multipurpose Analytical Instruments posted higher revenue both YoY and QoQ, reflecting solid orders. Semiconductor Process Control Instrument revenue remained roughly on track with our for
Slide 18: 3Q FY12/26 Performance Summary by Category (by Region)
3Q FY12/26 Performance Summary by Category (by Region) Multipurpose Analytical Instruments Semiconductor Process Control Instruments Components and Services (¥bn) 3Q FY12/25 3Q FY12/26 YoY 3Q FY12/25 3Q FY12/26 YoY 3Q FY12/25 3Q FY12/26 YoY Revenue 8.3 8.6 +4.4% 4.2 5.5 +29.4% 6.1 6.9 +12.4% Operati
Slide 19: 1-3Q FY12/26 Performance Summary by Category
1-3Q FY12/26 Performance Summary by Category Multipurpose Analytical Instruments Semiconductor Process Control Instruments Components and Services (¥bn) 1-3Q FY12/25 1-3Q FY12/26 YoY 1-3Q FY12/25 1-3Q FY12/26 YoY 1-3Q FY12/25 1-3Q FY12/26 YoY Revenue 26.4 23.7 -10.3% 15.0 18.3 +21.4% 17.9 18.6 +4.0%
Slide 20: 1-3Q FY12/26 Performance Summary by Category (by Region)
1-3Q FY12/26 Performance Summary by Category (by Region) Multipurpose Analytical Instruments Semiconductor Process Control Instruments Components and Services (¥bn) 1-3Q FY12/25 1-3Q FY12/26 YoY 1-3Q FY12/25 1-3Q FY12/26 YoY 1-3Q FY12/25 1-3Q FY12/26 YoY Revenue 26.4 23.7 -10.3% 15.0 18.3 +21.4% 17.
Slide 21: 3Q FY12/26 Analysis of Consolidated Operating Profit (YoY)
3Q FY12/26 Analysis of Consolidated Operating Profit (YoY) ◼ Operating profit margin 7.4%, up 2.9ppt YoY • Gross margin improved mainly from high-margin US projects in Semiconductor Process Control Instruments • We absorbed increases in R&D and SG&A expenses as strategic investments (primarily labor
Slide 22: Profit & Loss by Product (Management Accounting Basis) (1)
Profit & Loss by Product (Management Accounting Basis) (1) FY12/25 FY12/26 (10億円)/(¥bn) 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q 多目的分析機器/Multipurpose Analytical Instruments 売上収益/Revenue 9.2 8.9 8.3 13.9 40.4 6.6 8.4 8.6 - 営業利益/Operating Profit 1.2 1.3 0.4 3.1 6.2 -0.2 0.3 0.8 - 営業利益率/Operating Margin 13.6%
Slide 23: Revenue Breakdown by Region and End-Market
Revenue Breakdown by Region and End-Market Revenue by Region FY12/25 FY12/26 (10億円)/(¥bn) 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q Full-year 日本/Japan 7.7 4.1 4.8 10.7 27.4 6.9 4.8 5.2 - - 米州/Americas 4.5 5.9 4.0 8.7 23.4 4.6 5.5 6.5 - - 欧州/EMEA 2.7 3.8 2.6 4.6 13.8 1.7 2.8 2.7 - - アジア (中国以外)/Asia (ex. Chin
Slide 24: Consolidated Quarterly Financial Results
Consolidated Quarterly Financial Results FY12/25 FY12/26 予想/FCT (10億円)/(¥bn) 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q Full-year 売上収益/Revenue 20.6 20.1 18.7 34.6 94.1 17.9 21.6 21.1 - 101.0 (1) (1) 売上総利益 /Gross Profit 11.5 11.1 9.7 20.4 52.8 9.7 11.9 12.4 - 58.9 営業利益/Operating Profit 2.8 2.8 0.8 10.1 16.7 0
Slide 25: 3Q FY12/26 Consolidated B/S & Cash Flow
3Q FY12/26 Consolidated B/S & Cash Flow B/S Cash Flow FY12/25 Year- 3Q FY12/25 YTD 3Q FY12/26 YTD Changes (10億円)/(¥bn) end 3Q FY12/26 Changes (10億円)/(¥bn) 流動資産/Current Assets 76.2 77.7 1.4 営業キャッシュ・フロー /Operating Cash-Flow 5.2 6.0 0.7 現預金/Cash and Cash Equivalents 24.2 26.4 2.1 投資キャッシュ・フロー /Investing
Slide 26: Reconciliation of Adjusted Items (1/2)
Reconciliation of Adjusted Items (1/2) (10 億円)/(JPY Bn) FY25 FY26 Full - EBITDA 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q year 税引前利益/Profit Before Taxes 2.7 2.7 0.6 9.8 15.9 0.4 1.6 1.2 - 減価償却費及び償却費/Depreciation and Amortization 1.2 1.2 1.3 1.3 5.1 1.4 1.4 1.4 - 支払利息/Interest Expenses 0.2 0.2 0.2 0.3 1.1 0.2 0.3 0.3
Slide 27: Reconciliation of Adjusted Items (2/2)
Reconciliation of Adjusted Items (2/2) (10 億円)/(JPY Bn) FY25 FY26 調整後営業利益/Adjusted Operating Profit 1Q 2Q 3Q 4Q Full -year 1Q 2Q 3Q 4Q 営業利益/Operating Profit 2.8 2.8 0.8 10.1 16.7 0.6 1.9 1.5 - PPA償却費/PPA Amortization 0.5 0.5 0.5 0.5 2.0 0.5 0.5 0.5 - コンサルティング・フィー /Business Consulting Fee - - - - - -
Slide 28: Rigaku at a Glance
Rigaku at a Glance Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 29: Company Highlights
Company Highlights Company at a Glance Operating Platform for Diversified End Markets (2025/12) ◼ A global leader in advanced X-ray technology with 75 years of Revenue (Outer) and innovation history Operating Profit (Inner) by Business ◼ Achieving industry-leading profitability through strong R&D Mu
Slide 30: Rigaku's Competitive Edge
Rigaku’s Competitive Edge In-house Developed Core Components Advantages of In-house Manufacturing X-ray Generators Optical Components High-performance Equipment Pioneer rotating target technology Advanced multilayer optics High-speed measurement, high resolution & energy saving to achieve strong X-r
Slide 31: Seeing the Unseen: Rigaku's X-Ray Solutions
Seeing the Unseen: Rigaku’s X-Ray Solutions ◼ Rigaku Established Metrology Solutions for Diverse Analytical Needs Amid the Increasing Inspection / Metrology Needs in Miniature Space 1mm 700nm 400nm 10nm 1Å Battery Structure Fiber / Polymer Protein Semi Crystal Molecule Atom X-ray Metrology X-ray Dif
Slide 32: Key Products by End Market (Multipurpose Analytical Instruments)
Key Products by End Market (Multipurpose Analytical Instruments) (Batteries) ◼ Academia/Government ◼ Semiconductor/Electronic Components Crystal structure and nanostructure analysis Basic Research & Materials Analysis (Semiconductor) ✓ X-ray Diffraction (XRD) ✓ X-ray Diffraction (XRD) ✓ X-ray fluore
Slide 33: Key Products Across the Semiconductor Manufacturing Process
Key Products Across the Semiconductor Manufacturing Process ◼ Rigaku’s Products Offer Advanced Inspection / Metrology Solutions Essential for Manufacturing Cutting-edge Semiconductors Thin Film / Resist Thickness Measurement Surface Contamination Inspection XTRAIA XD-3300 ONYX 3200 WaferX 310 XTRAIA
Slide 34: Rigaku's Long-Term Strategy: Three Pillars of Growth
Rigaku’s Long-Term Strategy: Three Pillars of Growth ◼ Establish solutions to meet cutting-edge inspection / metrology demand for each application, and aim for medium- to long-term growth through the promotion of the “Lab to Fab” strategy Driving “Lab to Fab” Business Expanding Deployment of Pillar
Slide 35: Inspection / Metrology Needs from Advanced Semiconductor Manufacturing
Inspection / Metrology Needs from Advanced Semiconductor Manufacturing ◼ The semiconductor manufacturing process has reached a turning point as increasingly fine structures and multilayer designs have made high-precision measurement and inspection technologies even more essential Past / Current 1-3
Slide 36: Mid-Term Value Creation Plan
Mid-Term Value Creation Plan ◼ Target revenue CAGR of around 10% driven by strong growth in Semiconductor Process Control Instruments Overall Medium-term Goals (Company-wide) Revenue Growth Target by Product Category (¥bn) Medium-term 46.5~48.5 CAGR Plan Base Year FY12/25 FY12/26 (2023~2027) Goals 3
Slide 37: Glossary
Glossary Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 38: Glossary (1/3)
Glossary (1/3) Terms Description • Advanced X-Ray Inspection is a non-destructive and automated method that uses X-rays to inspect internal defects (such as voids, cracks, AXI and misalignments) in electronic components, semiconductors, and industrial products • Complementary FET (CFET) is a next ge
Slide 39: Glossary (2/3)
Glossary (2/3) Terms Description • JEP stands for Joint Evaluation Program, under which equipment is installed at a customer site for joint performance evaluati on before JEP purchase. Upon purchase, it is reclassified from fixed assets to cost of sales. • An advanced X-ray analysis device offering
Slide 40: Glossary (3/3)
Glossary (3/3) Terms Description • X-Ray Diffraction (XRD) - a technique for obtaining information on the crystal structure of a sample from the diffraction pattern that XRD (Diffraction) occurs when a crystal sample is irradiated with X-rays. • X-Ray Fluorescence (XRF) - a technique for qualitative
Slide 41: Disclaimer
Disclaimer This presentation contains forward-looking statements, plans, and strategies based on information available and judgments made by the Company at the time of preparation. These statements involve risks and uncertainties, and actual results may differ materially due to various factors such