Slide 1: INNOTECH CORPORATION FY2024 Financial Results
INNOTECH CORPORATION FY2024 Financial Results May 13, 2025
Slide 2: FY2024 Actual, FY2025 Outlook, Mid-Term and Long-Term Strategy
1 FY2024 Actual 2 FY2025 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: FY2024 Highlights
FY2024 Highlights Consolidated net sales increased by 1.5％ YoY; Consolidated operating profit decreased by 23.7％ YoY Revenue of INNOTECH standalone basis turned negative due to slow tester business while sales of EDA and embedded system remained strong; consolidated profit decreased due to the INNOT
Slide 4: FY2024 Actual
FY2024 Actual Sanei IT GAIO STAr INNOTECH REGULUS MoDeCH Consolidated Hytechs Access TECHNOLOGY Technologies YoY Year FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 Net Sales 14,762 14,023 3,995 3,678 5,141 5,384 4,075 5,004 12,761 13,
Slide 5: FY2024 Test Solution Business
FY2024 T est S olution Business [Sales: mil. Yen] [Gross Profit: mil. yen] 20,000 7,000 6,174 16,000 5,180 5,600 12,000 4,200 売上 売上総利益 8,000 15,885 2,800 14,977 4,000 1,400 0 0 FY2023 24年/3月期 25年/3月期 FY2024 (＊) Rounded down to nearest 1 million yen 5
Slide 6: Test Solution Business
Test Solution Business Testers Demands for testers for NAND Flash Memory products did not recover; strong sales of burn-in boards in FY2023 substantially dropped in FY2024 and the revenue largely declined. STAr While the probe card business was stable, sales of reliability test equipment was not and
Slide 7: FY2024 Semiconductor Design-related Business
FY2024 Semiconductor Design-related Business [Sales: mil. Yen] [Gross Profit: mil. yen] 15,000 3,200 2,905 2,910 12,000 2,560 9,000 1,920 売上 12,884 12,992 売上総利益 6,000 1,280 3,000 640 0 0 FY2023 24年/3月期 FY2024 25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 with contract renewals of major customers for the core business, expansion of sales of system-related products, winning new term license and replacement orders from competitor products for PCB tools. Sanei Hytechs Both revenue and profit de
Slide 9: FY2024 System Service Business
FY2024 System Service Business [Sales: mil. Yen] [Gross Profit: mil. yen] 16,000 5,000 4,558 4,080 12,800 4,000 9,600 3,000 売上 14,006 売上総利益 6,400 12,589 2,000 3,200 1,000 0 0 FY2023 24年/3月期 FY2024 25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 business was strong for social infrastructure, defense and semiconductors and benefitting from some of the logistical demands after Covid-19 pandemic as well, while demands for industrial machinery was slow to recover. IT Access Achiev
Slide 11: Major Expenses and Non-Operating Expenses and Income
Major Expenses and Non-Operating Expenses and Income 〔mil. yen〕 FY2023 FY2024 Research & Development 2,416 2,313 Depreciation 1,288 1,316 Amortization of Goodwill 230 203 Major Items of Non-operating Expenses and Income Real Estate Rent Income 480 492 Related Expenses for Real Estate Rent 353 363 Su
Slide 12: Cash Flow
Cash Flow 〔mil. yen〕 FY2023 FY2024 Profit Before Income Taxes 2,349 2,018 Depreciation and Amortization of Goodwill 1,518 1,520 Working Capital and Others -1,247 -1,827 Cash Flow from Operating Activities 2,621 1,711 Purchase of Fixed Assets -1,204 -1,196 Purchase of Long-term Prepaid Expenses -90 -
Slide 13: FY2024 Actual, FY2025 Outlook, Mid-Term and Long-Term Strategy
1 FY2024 Actual 2 FY2025 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 14: FY2025 Highlights
FY2025 Highlights Consolidated net sales will increase by 3.6％ YoY; Consolidated operating profit will increase by 37.8％ YoY Test Solution Business will turn black as the overseas demands will recover while the outlook for domestic demands for tester products will continue to be unclear. Semiconduct
Slide 15: FY2025 Estimate
FY2025 Estimate [mil. yen] Sanei GAIO STAr Consoli FY2023 INNOTECH IT Access TECHNOLOGY Technologies REGULUS MoDeCH YoY Hytechs -dated Actual Net Sales 16,200 3,900 6,100 4,900 11,700 700 350 43,500 41,977 3.6% 4,270 960 1,595 1,860 4,190 230 210 13,340 12,649 Gross 5.5% Profit (26.4%) (24.6%) (26.1
Slide 16: Business Results Trends
Business Results Trends Sales Operating Profit 〔mil. yen〕 〔mil. yen〕 3,000 43,500 45,000 41,358 41,977 38,629 37,238 2,500 2,600 2,585 35,000 2,474 2,319 2,000 25,000 1,887 1,500 15,000 1,000 5,000 500 FY2021 FY2022 FY2023 FY2024 FY2025 0 (5,000) Sales 売上高 Operating Profit 営業利益 (＊) Figures on the to
Slide 17: FY2025 Outlook: Test Solution Business
FY2025 Outlook: Test Solution Business [Sales: mil. Yen] [Gross Profit: mil. yen] 21,000 6,600 5,540 17,500 5,180 5,500 14,000 4,400 10,500 3,300 売上 売上総利益 14,977 15,030 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 17
Slide 18: Test Solution Business
Test Solution Business Testers Revenue is expected to increase as the new products will sell well to overseas customers while it remains unclear whether the demand will recover or not in the domestic market. STAr Sales will decline but profit is expected to increase thanks to cost reduction achieved
Slide 19: FY2025 Outlook: Semiconductor Design-related Business
FY2025 Outlook: Semiconductor Design-related Business [Sales: mil. Yen] [Gross Profit: mil. yen] 18,000 3,600 3,040 2,910 15,000 3,000 12,000 2,400 9,000 1,800 売上 売上総利益 12,992 13,530 6,000 1,200 3,000 600 0 0 FY2024 25年/3月期 FY2025 26年/3月期 (＊) Rounded down to nearest 1 million yen 19
Slide 20: Semiconductor Design-related Business
Semiconductor Design-related Business EDA Revenue is expected to increase focusing on increasing added values, such as for system co-design analysis solutions covering from packaging to PCB designs and development on consignment, in addition to expansion of sales of IC design tools, which are the ma
Slide 21: FY2025 Outlook: System Service Business
FY2025 Outlook: System Service Business [Sales: mil. Yen] [Gross Profit: mil. Yen] 4,760 18,000 4,558 4,800 15,000 4,000 12,000 3,200 売上 9,000 2,400 売上総利益 14,940 14,006 6,000 1,600 3,000 800 0 0 FY2024 25年/3月期 FY2025 26年/3月期 (＊) Rounded down to nearest 1 million yen 21
Slide 22: System Service Business
System Service Business Embedded System Revenue will increase as the demands of internally-developed product, “INNINGS”, for industrial machinery applications will recover and social infrastructure and defense businesses will remain strong. IT Access Overall business will remain highly profitable as
Slide 23: FY2024 Actual, FY2025 Outlook, Mid-Term and Long-Term Strategy
1 FY2024 Actual 2 FY2025 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 profitabi
Slide 25: Test Solution Business: Enrich and Optimize Product Portfolio
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 Pursue product development other than for NAND flash memory products, such as for ＣＩＳ capture boards; Development of new produ
Slide 26: R&D Investment in the Next-generation Devices Testers
R&D Investment in the Next-generation Devices Testers FY25 FY26 MEMORY Expand Concurrent Measurement Function Multi-layer High-efficiency WLBI Burn-in Test System Enhance efficiency of programs Develop New Tester Platform Increase of Speed Expand DRAM-support Function CIS High-speed IF Capture Board
Slide 27: Semiconductor Design-related Business: Progress on Mid-term Plan
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 Support diverse needs for semiconductor devices and strive to enhance reputation on added valu
Slide 28: System Service Business: Mass Customization and Personalization
Progress on Mid-term and Long-term Management Plan: System Service Business Embedded System Capture demands for ODMs, industrial PCs, and logistics Strengthen support for internally-developed product “ＩＮＮＩＮＧＳ” for social infrastructure and defense applications; Develop new products with smaller size
Slide 29: Releasing the New Sticker Pay Product
Releasing the New “Sticker Pay” Product (entry model settlement terminal) Fintech Expansion of Target Beverage Vending Machine Industry Horizontal (various market) Release in FY25Q2 Convenien Massage Parking ce Stores Chair in the ・ High-end Office Amusement Buildings Large Ticket Vending Sales Mach
Slide 30: Financial Strategy (FY2024-2026): Shareholder Returns
Financial Strategy （ＦＹ2024～2026） Shareholder Returns (dividends and acquisition of treasury shares) ■Dividends As of 1H-end As of FY-end Full Year Dividend Payout Ratio FY2024 35 35 70 78.2% FY2025 (Outlook) 35 35 70 54.2% We intend our consolidated divided payout ratio not to be less than 30%. Our
Slide 31: Financial Strategy (FY2024-2026): Capital Allocation
Financial Strategy (ＦＹ2024～2026) INNOTECH Strategy for Growth (100 mil. Yen)） and Capital Allocation Focusing on Shareholder Returns 120 FY2024～2026 Plan Debt Capacity Possible Range of New 3-4 billion yen Investment for Growth 90 4 billion yen Progress in FY2024 Capital Investment 60 for Existing B
Slide 32: Management Indicators as of FY2024
Financia Strategy （ＦＹ2024～2026） ■Management Indicators as of FY2024 ROE: 4.8％ ROIC: 3.4％ Operating Profit Margin：4.5％ D/E Ratio: 0.38x （Guideline: less than 0.5x） Cash Deposit Monthly Sales Ratio：1.87 months （Guideline: less than 2 months） 32
Slide 33: Efforts on Sustainability
Efforts on Sustainability Continue Human Capital Management Increased the First Salary and Basic Salary; Enhanced Employee Benefits; • Subscribe to the Employee Benefits Management Service • Make on-site massage services available in the office • Make the wooden deck available for various events Con
Slide 34: 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