Slide 1: 2Q FY2025 Consolidated Financial Results
2Q 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
Slide 2: 2Q FY2025 Financial Information
2Q 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.
Slide 3: Consolidated Financial Summary (QoQ)
Consolidated Financial Summary (QoQ) ◼ Increase in logic devices for EV（Electric Vehicle） ◼ Steady growth in server and AI-related products (Unit : Billion Yen) FY2024 FY2025 QoQ 1Q 2Q 3Q 4Q 1Q 2Q Change % Net sales 8.95 9.93 9.23 9.00 9.25 9.77 0.52 6% Gross profit 2.34 2.82 2.35 2.09 2.40 2.67 0.2
Slide 4: Analysis of Consolidated Operating Income (QoQ)
Analysis of Consolidated Operating Income (QoQ) ◼ JPY 0.22 billion increase in operating income due to net sales growth despite higher utility costs from summer surcharges (Unit : Billion Yen) Net sales : Increase Increase in logic devices for EV Steady growth in server and AI-related products Utili
Slide 5: Difference between 2Q forecast and actual results
Difference between 2Q forecast and actual results ◼ Due to a weaker yen against the NT$ than expected, net sales and profit increased (Unit : Billion Yen) 2Q FY2025 Forecast Result Change % Net sales 9.30 9.77 0.47 5% Operating income 1.75 1.97 0.22 13% % Margin 18.8% 20.1% 1.3pt ー Ordinary income 1
Slide 6: Consolidated Financial Summary (YoY)
Consolidated Financial Summary (YoY) ◼ Increase in net sales YoY due to strong demand for server and AI-related products despite a decline in logic devices for automotive cased by inventory adjustments (Unit : Billion Yen) FY2024 FY2025 YoY 1H 1H Change % Net sales 18.88 19.02 0.14 1% Gross profit 5
Slide 7: Analysis of Consolidated Operating Income (YoY)
Analysis of Consolidated Operating Income (YoY) ◼ Despite a decrease in depreciation expenses, an increase in various other costs led to a decline in operating income (Unit : Billion Yen) Depreciation : Decrease End of depreciation of past capital investments Utility : Increase Increase in electrici
Slide 8: Quarterly Net Sales and Operating Income
Quarterly Net Sales and Operating Income ◼ Recovery of operating income margin to 20% range due to net sales growth (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 8
Slide 9: Quarterly Net Sales by Products
Quarterly Net Sales by Products ◼ Steady growth in server and AI-related products ◼ Automotive ratio remained flat at 40% due to ongoing inventory adjustment for logic devices for automotive (Unit : Billion Yen) TPJ 61％ TPW 36％ Logic Memory TPJ: Tera Probe, Inc. TPW: TeraPower Technology Inc. Copyri
Slide 10: 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. 10
Slide 11: Capital Investments and Depreciation
Capital Investments and Depreciation ◼ Capital investments in Taiwan for advanced products and in Japan for new overseas customers ◼ Depreciation expenses remained flat Capital Investments (Unit : Billion Yen) Depreciation (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 11
Slide 12: EBITDA (Operating Income before Depreciation)
EBITDA (Operating Income before Depreciation) ◼ EBITDA is approximately 2.5 times operating income ◼ Stable cash generation capability (Unit : Billion Yen) EBITDA = Depreciation + Operating income , EBITDA Margin = EBITDA ÷ Net sales Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 12
Slide 13: Consolidated Balance Sheet and Cash Flow
Consolidated Balance Sheet and Cash Flow ◼ Increase in property, plant and equipment and loans due to capital investments (Unit : Billion Yen) FY2024 FY2025 QoQ YoY vs.FY2024-end As of As of As of As of As of As of Change % Change % Change % Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Jun. 30 Total asss
Slide 14: 2H FY2025 Consolidated Earnings Forecast
2H FY2025 Consolidated Earnings Forecast Copyright©2025 Tera Probe, Inc. All Rights Reserved.
Slide 15: Consolidated Earnings Forecast (2H FY2025)
Consolidated Earnings Forecast (2H FY2025) ◼ Expected continue demand expansion for server and AI-related products in 2H ◼ Steady growth of EV logic devices for a specific customer (Unit : Billion Yen) FY2024 FY2025 QoQ FY2025 QoQ FY2025 YoY 1Q 2Q 3Q 4Q Full Year 1Q 2Q 3Q Change % 4Q Change % Full Y
Slide 16: Capital Investments and Depreciation Forecast (2H FY2025)
Capital Investments and Depreciation Forecast (2H FY2025) ◼ Will continue planning capital investment for advanced products Capital Investments (Unit : Billion Yen) Depreciation (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 16
Slide 17: Topics
Topics Copyright©2025 Tera Probe, Inc. All Rights Reserved.
Slide 18: Progress Status of Our FY2025 Initiatives
Progress Status of Our FY2025 Initiatives FY2025 Initiatives 1H FY2025 results and progress • Comprehensive development of testing Enhancing business for AI semiconductors and AI environments for server and AI-related products related products • Net sales increased by 150% year over year Capturing b
Slide 19: Joined the Japan OSAT Federation
Joined the Japan OSAT Federation ◼ Joined the Japan OSAT Federation as a full member upon its establishment in April 2025 Japan OSAT Federation（https://j-osat.org） Establishment April 2025 To strengthen and develop Japan's semiconductor back-end industry, Purpose an industry association of domestic
Slide 20: Appendix
Appendix Copyright©2025 Tera Probe, Inc. All Rights Reserved.
Slide 21: 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 22: 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 23: 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 24: 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. 24
Slide 25: 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. 25
Slide 26: 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
Slide 27: 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