Slide 1: INNOTECH CORPORATION FY2025 Financial Results
INNOTECH CORPORATION FY2025 Financial Results May 14, 2026
Slide 2: FY2025 Actual, FY2026 Outlook, Mid-Term and Long-Term Strategy
1 FY2025 Actual 2 FY2026 Outlook 3 M i d -Te r m a n d L o n g -Te r m S t ra t e g y
Slide 3: FY2025 Highlights
FY2025 Highlights Consolidated net sales increased by 11.3% YoY; Consolidated operating profit increased by 64.7％ YoY Test Solution Business substantially increased profits as the overseas demands expanded and investments by the Japanese domestic manufacturers recovered. System Service Business achi
Slide 4: FY2025 Actual
FY2025 Actual Sanei IT GAIO STAr INNOTECH REGULUS MoDeCH Consolidated Hytechs Access TECHNOLOGY Technologies YoY Year FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 FY2024 FY2025 Net Sales 14,023 17,894 3,678 3,909 5,384 5,456 5,004 4,742 13,305 14,
Slide 5: FY2025 Test Solution Business
FY2025 Test Solution Business [Sales: mil. Yen] [Gross Profit: mil. yen] 6,420 21,000 6,600 17,500 5,180 5,500 14,000 4,400 10,500 3,300 売上 Sales 18,456 Gross Profit 売上総利益 14,977 7,000 2,200 3,500 1,100 0 0 FY2024 25年/3月期 FY2025 26年/3月期 (＊) Rounded down to nearest 1 million yen 5
Slide 6: Test Solution Business
Test Solution Business Testers Revenue increased substantially as the overseas demands for NAND flash memory product increased and the demands from the Japanese domestic market recovered in the 4Q as well. STAr Both revenue and profit increased as the cost structure improved by spinning off the func
Slide 7: FY2025 Semiconductor Design-related Business
FY2025 Semiconductor Design-related Business [Sales: mil. Yen] [Gross Profit: mil. yen] 3,178 15,000 3,300 2,910 12,500 2,750 10,000 2,200 売上 Sales 7,500 1,650 Gross Profit 売上総利益 13,729 12,992 5,000 1,100 2,500 550 0 0 FY2024 25年/3月期 FY2025 26年/3月期 (＊) Rounded down to nearest 1 million yen 7
Slide 8: Semiconductor Design-related Business
Semiconductor Design-related Business EDA Revenue increased as the contract renewals for major customers were stable for the main business, and the migration demands to Windows 11 were successfully captured for the PCB design tools. Sanei Hytechs Both revenue and profit increased as the new customer
Slide 9: FY2025 System Service Business
FY2025 System Service Business [Sales: mil. Yen] [Gross Profit: mil. yen] 4,558 4,647 15,000 4,800 12,500 4,000 10,000 3,200 7,500 14,551 2,400 売上 Sales 14,006 Gross Profit 売上総利益 5,000 1,600 2,500 800 0 0 FY2024 25年/3月期 FY2025 26年/3月期 (＊) Rounded down to nearest 1 million yen 9
Slide 10: System Service Business
System Service Business Embedded System Revenue increased as the internally-developed products sold well mainly for social infrastructure and the demands from defense and maritime applications also expanded. IT Access Revenue and profit grew as the service revenue within the settlement business incr
Slide 11: Sale of Headquarter Building
Sale of Headquarter Building INNOTECH sold the land and the building of its headquarters in March 2026. ➢ Impact on the Financial Results Total Gain on Sale : 6 billion 369 million yen FY2025 : 2 billion 910 million yen (recorded) FY2026 1H : 3 billion 459 million yen (to be recorded as extraordinar
Slide 12: Extraordinary Profit and Losses
Major Expenses, Non-operating Expenses and Income, Extraordinary Profit and Losses 〔mil. yen〕 FY2024 FY2025 Research & Development 2,313 2,079 Depreciation 1,316 1,290 Amortization of Goodwill 203 134 Major Items of Non-operating Expenses and Income Real Estate Rent Income 492 484 Related Expenses f
Slide 13: Cash Flow
Cash Flow 〔mil. yen〕 FY2024 FY2025 Profit Before Income Taxes 2,018 6,152 Depreciation and Amortization of Goodwill 1,520 1,424 Working Capital and Others -1,827 -3,517 Cash Flows from Operating Activities 1,711 4,058 Purchase of Fixed Assets -1,196 -1,439 Proceeds from Sale of Fixed Assets 3 7,172
Slide 14: FY2025 Actual, FY2026 Outlook, Mid-Term and Long-Term Strategy
1 FY2025 Actual 2 FY2026 Outlook 3 M i d -Te r m a n d L o n g -Te r m S t ra t e g y
Slide 15: FY2026 Highlights
FY2026 Highlights Aim to achieve 50 billion yen of consolidated sales; Consolidated operating profit is estimated to reach the new record high Test Solution Business expects substantially increased revenue and profit as the domestic demands recover in addition to continued strong demands from the ov
Slide 16: FY2026 Estimate
FY2026 Estimate [mil. yen] Sanei GAIO STAr Consoli FY2024 INNOTECH IT Access TECHNOLOGY Technologies REGULUS MoDeCH YoY Hytechs -dated Actual Net Sales 22,500 3,800 5,800 4,200 13,500 700 500 50,000 46,737 7.0% Gross 6,250 950 1,650 1,580 4,800 220 270 15,500 14,246 Profit 8.8% (27.8%) (25.0%) (28.4
Slide 17: FY2026 Outlook: Test Solution Business
FY2026 Outlook: Test Solution Business [Sales: mil. Yen] [Gross Profit: mil. yen] 21,000 7,300 7,500 6,420 17,500 6,250 14,000 5,000 10,500 3,750 売上 Sales 20,200 Gross Profit 18,456 売上総利益 7,000 2,500 3,500 1,250 0 0 FY2025 26年/3月期 FY2026 27年/3月期 (＊) Rounded down to nearest 1 million yen 17
Slide 18: Test Solution Business
Test Solution Business Testers Expect the record-high sales as the demands from overseas customers which contributed to the financial recovery in FY2025 continue to remain strong and the demands from the domestic market are rapidly coming back as well. STAr Profit is likely to decline due to focused
Slide 19: FY2026 Outlook: Semiconductor Design-related Business
FY2026 Outlook: Semiconductor Design-related Business [Sales: mil. Yen] [Gross Profit: mil. yen] 18,000 3,600 3,300 3,178 15,000 3,000 12,000 2,400 9,000 1,800 売上 Sales Gross Profit 売上総利益 14,400 13,729 6,000 1,200 3,000 600 0 0 FY2025 26年/3月期 FY2026 27年/3月期 (＊) Rounded down to nearest 1 million yen
Slide 20: Semiconductor Design-related Business
Semiconductor Design-related Business EDA Over 10 billion yen of sales is likely to be achieved with multiple large- scale contract renewals for core IC design tools and expanded sales of tools for system product. SANEI HYTECHS Same level of operating profit YoY will be maintained as the domestic bu
Slide 21: FY2026 Outlook: System Service Business
FY2026 Outlook: System Service Business [Sales: mil. Yen] [Gross Profit: mil. yen] 18,000 5,400 4,900 4,647 15,000 4,500 12,000 3,600 売上 Sales 9,000 2,700 Gross Profit 売上総利益 15,400 14,551 6,000 1,800 3,000 900 0 0 FY2025 26年/3月期 FY2026 27年/3月期 (＊) Rounded down to nearest 1 million yen 21
Slide 22: System Service Business
System Service Business Embedded System Expect to achieve the all-time high record sales of 5 billion yen as the defense business is stable and demands for the data center of the internally-developed product “INNINGS” expands. IT Access Increase of profit is estimated by the stably-profitable settle
Slide 23: FY2025 Actual, FY2026 Outlook, Mid-Term and Long-Term Strategy
1 FY2025 Actual 2 FY2026 Outlook 3 M i d -Te r m a n d L o n g -Te r m S t ra t e g y
Slide 24: Mid-Term Management Plan Overview (FY2024-FY2026)
Mid-Term Management Plan Overview (FY2024-FY2026) Basic Direction ➢ Both profitability (e.g.,ROE) and growth (PER) must improve to increase share price and PBR Basic Strategy (Enhance ROE, Reduce Cost of Capital, and Increase Expected Growth Rate) ➢ Expanding Operating Profit ・Grow and improve profi
Slide 25: Business Results Trends
Business Results Trends Sales Operating Profit 〔mil. yen〕 〔mil. yen〕 50,000 4,000 50,000 46,737 3,500 41,358 41,977 3,700 38,629 40,000 3,000 3,108 2,500 30,000 2,474 2,319 2,000 1,887 20,000 1,500 1,000 10,000 500 0 0 FY2022 FY2023 FY2024 FY2025 FY2026（予） FY2026 (EST) 売上高 Sales 営業利益 Operating Profi
Slide 26: Financial Strategy (FY2024-2026)
Financial Strategy （ＦＹ2024～2026） ■Management Indicators as of FY2025 ➢ ROE: 15.9％ （Without the impact of the sale of the headquarter building: 8.4％） ➢ ROIC: 6.4％ ➢ Operating Profit Margin: 6.7％ ➢ D/E Ratio: 0.2x （Guideline: less than 0.5x） ➢ Cash Deposit Monthly Sales Ratio：2.2 months （Guideline: le
Slide 27: Progress on Plan: Test Solution Business
Progress on Mid-term and Long-term Management Plan: Test Solution Business Expanding product line-up in addition to Products for NAND Flash Memory as a core; Tester Business ◼ Transition the tester business supporting ＤＲＡＭs from the ＰｏＣ phase to the development phase of mass production equipment. ◼
Slide 28: R&D Investment in the Next-generation Devices
R&D Investment in the Next-generation Devices Testers FY25 FY26 MEMORY Expand Concurrent Multi-layer Measurement Function High-efficiency WLBI Burn-in Test System Next Generation Device Develop power expansion option Enhance Efficiency of Programs Develop New Tester Platform Integrate AI , develop c
Slide 29: Progress on Plan: Semiconductor Design-related Business
Progress on Mid-term and Long-term Management Plan: Semiconductor Design-related Business ＥＤＡ Promote stronger collaboration inside and outside INNOTECH Group and provide solutions with higher added values ◼ Through acquisition of PHi microTech, obtained silicon photonics and optoelectrical converge
Slide 30: Progress on Plan: System Service Business
Progress on Mid-term and Long-term Management Plan: System Service Business 組込システム Embedded System Continuation of stronger support for ODM projects mainly in the active market such as data center and logistics. ◼ “INNINGS” adoption is accelerated mainly for industrial PCs in the area of social infr
Slide 31: Strategy for Growth and Shareholder Returns
Strategy for Growth and Shareholder Returns ～Capital Allocation Review （FY2024～2026）～ ■Capital Efficiency Increase Shareholder Returns • Additional shareholder returns based on gains (Dividends + from the sale of the headquarters (after tax) Acquisition • Optimization of capital efficiency and Sale
Slide 32: Strategy for Growth: Direction of Growth Investment
Strategy for Growth ～Direction of Growth Investment～ Basic Approach to M&A • Do not focus on short-term synergy effects • Invest in companies with technical originality in the niche market • Invest strategically in companies developing core technologies in the growing market (e.g., AI, image-process
Slide 33: Acquisition as a Subsidiary
: Acquisition as a Subsidiary VHF, UHF, BS, CS signals (70mHz~2.1GHz) FM signal (0.5~5GHz) VHF, UHF, BS, CS signals (70mHz~2.1GHz) ➢ Fabless manufacturer engaging in specification reviews, prototyping, Video signal mass production and sales of high-speed analog ICs such as for (FM signal) Digital FM
Slide 34: Acquisition as a Subsidiary
: Acquisition as a Subsidiary ➢ Provider of automotive Camera, ECU (electric control unit), evaluation and verification image on driving simulation, and interface boards MIPI monitor board SVM-06 HDMI output Connection Example Characteristics Concurrent output support MIPI output ・MIPI CSI-2 1.5Gbps
Slide 35: Shareholder Returns (Dividends)
Shareholder Returns (Dividends) Dividend Payout As of 1H-end As of FY-end Full Year Ratio 90 FY2025 35 (Ordinary Dividend 40) 125 39.0% (Special Dividend 50) FY2026 90 (Ordinary Dividend 40) 40 130 32.6% (Outlook) (Special Dividend 50) ※A special dividend is paid associating with the recording of ex
Slide 36: Shareholder Returns (Acquisition of Treasury Shares)
Shareholder Returns (Acquisition of Treasury Shares) INNOTECH resolved matters related to acquisition of treasury shares at the board meeting held on May 14, 2026. ➢Details of Acquisition ①Type of shares acquired: Common Shares ②Numbers of shares acquired :1,000,000 (maximum limit) ③Amount of shares
Slide 37: ROE and ROIC Trends
ＲＯＥ and ＲＯＩＣ Trends (％) 20 15.9 15 10.4 ROE 10 7.3 8.4 ROE 6.6 6.1 7.8 (without the impact （ビル売却の影響を除いた場合） 5 3.4 5.8 4.8 of the sale of the 3.0 headquarter building) 0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 (％) 8.0 6.7 6.4 5.6 6.0 5.0 4.5 4.7 4.7 3.4 ROIC 4.0 3.3 2.9 2
Slide 38: Note for Forward Looking Statements
Note for Forward Looking Statements The information provided in this presentation includes forward looking statements based on current expectations, forecasts or beliefs. Such forward looking statements include a number of preliminary assumptions about future events that are subject to factors and u