Slide 1: Financial Results for the year ended March 31, 2025
Financial Results for the year ended March 31, 2025 May 8, 2025
Slide 2: Agenda
1. Financial Results for the year ended March 31, 2025 2. Forecast for the year ending March 31, 2026 2
Slide 3: The year ended March 31, 2025: Summary
The year ended March 31, 2025： Summary Revenue Operating Profit attributable to Profit owners of parent Fiscal Year ¥715.2B ¥2.4B ¥6.1B YoY -¥2.0B -¥37.3B -¥26.4B Vs.Previous Forecast -¥4.8B -¥16.6B -¥9.9B - Revenue was down as the weaker yen and increased sales in Imaging Products and Healthcare we
Slide 4: Changes in Operating Profit from Previous Forecast (Feb. 6)
Changes in Operating Profit from Previous Forecast (Feb. 6) (Billions of yen) One-Time Costs -1.4 (Breakdown) MRMC* fixed asset impairment losses -0.8 Intellectual Property related expenses -0.6 One-Time Costs -14.1 (Breakdown) Fixed Asset Impairment losses -7.8 Inventory write-downs -5.0 -5.7 Servi
Slide 5: The year ended March 31, 2025: Financial Highlights
The year ended March 31, 2025: Financial Highlights FY2024/3 Previous FY2025/3 Change Change Forecast Amount % Amount % Billions of Yen Actual (A) (Feb. 6) (B) Actual (C) (C)-(A) (C)/(A) (C)-(B) (C)/(B) Revenue 717.2 720.0 715.2 -2.0 -0.3% -4.8 -0.7% Operating profit 39.7 19.0 2.4 -37.3 -16.6 -93.9%
Slide 6: The year ended March 31, 2025: Performance by Segment
The year ended March 31, 2025: Performance by Segment FY2024/3 Previous FY2025/3 Change Change Forecast Amount % Amount % Billions of Yen Actual (A) (Feb. 6) (B) Actual (C) (C)-(A) (C)/(A) (C)-(B) (C)/(B) Revenue 279.7 305.0 295.3 +15.6 +5.6% -9.7 -3.2% Imaging Products Operating profit 46.5 47.0 41
Slide 7: The year ended March 31, 2025: Imaging Products Business
The year ended March 31, 2025: Imaging Products Business Revenue Operating Profit • YoY: Revenue Up ¥15.6B, Operating Profit Down ¥5.2B ¥400B 400 • Vs. Previous Forecast: 305.0 295.3 Revenue Down ¥9.7B, Operating Profit Down ¥5.7B 300 279.7 【YoY】 - DCIL market expanding mainly in China 200 - Revenue
Slide 8: The year ended March 31, 2025: Precision Equipment Business
The year ended March 31, 2025: Precision Equipment Business Revenue Operating Profit • YoY: Revenue Down ¥17.4B, Operating Profit Down ¥13.6B 300 ¥300B • Vs. Previous Forecast: 219.3 Revenue Up ¥6.9B, Operating Profit Down ¥7.5B 195.0 201.9 200 【YoY】 - Total Precision Equipment revenue was down on d
Slide 9: The year ended March 31, 2025: Healthcare Business
The year ended March 31, 2025: Healthcare Business • YoY: Revenue Up ¥8.6B, Operating Profit Up ¥1.4B • Vs. Previous Forecast: Revenue Operating Profit Revenue Up ¥1.4B, Operating Profit Down ¥1.3B ¥140B 140 【YoY】 115.0 116.4 - Despite reduced sales in Life Science Solutions on market stagnation in
Slide 10: The year ended March 31, 2025: Components Business
The year ended March 31, 2025: Components Business Revenue Operating Profit • YoY: Revenue Down ¥11.8B, Operating Profit Down ¥8.0B 100 ¥100B • Vs. Previous Forecast: 85.9 Revenue Up ¥1.1B, Operating Profit Up ¥2.1B 80 73.0 74.1 【YoY】 - Revenue and profit declined as sales growth in X-ray and CT sys
Slide 11: The year ended March 31, 2025: Digital Manufacturing Business
The year ended March 31, 2025: Digital Manufacturing Business • YoY: Revenue Up ¥2.3B, Operating Profit Down ¥1.2B Revenue Operating Profit • Vs. Previous Forecast: ¥40B 40 Revenue Down ¥4.7B, Operating Profit Down ¥5.7B 【YoY】 30 28.0 - The market for small- to mid-sized metal 3D printing machines c
Slide 12: Agenda: Forecast for the year ending March 31, 2026
1. Financial Results for the year ended March 31, 2025 2. Forecast for the year ending March 31, 2026 12
Slide 13: Forecast for the year ending March 31, 2026: Summary
Forecast for the year ending March 31, 2026: Summary • YoY: Down ¥5.2B Revenue - Revenue is expected to remain flat YoY as higher revenue in Components and Digital ¥710.0B Manufacturing is offset by negative topline effects from a stronger yen and a revenue decline in Semiconductor Lithography Busin
Slide 14: Revision to Shareholder Returns Policy in the existing Medium-Term Management Plan
Revision to Shareholder Returns Policy in the existing Medium-Term Management Plan FY2023/3 FY2024/3 FY2025/3 FY2026/3 Shareholder returns Medium-Term Management Plan (4 years) each fiscal year Before After Before After ¥45 ¥50 ¥55 ¥50 ¥60 ¥50 Dividends Year-end Year-end Year-end Year-end ¥25 ¥30 ¥2
Slide 15: Forecast for the year ending March 31, 2026: Financial Highlights
Forecast for the year ending March 31, 2026: Financial Highlights FY2025/3 FY2026/3 Change Amount % Actual (A) Forecast (B) Billions of Yen (B)-(A) (B)/(A) Revenue 715.2 710.0 -5.2 -0.7% Operating profit 2.4 36.0 +33.6 +1386.6% % vs Revenue 0.3% 5.1% +4.8P Profit before tax 4.5 40.0 +35.5 +782.4% %
Slide 16: Forecast for the year ending March 31, 2026: Forecast by Segment
Forecast for the year ending March 31, 2026: Forecast by Segment FY2025/3 FY2026/3 Change Amount % Actual (A) Forecast (B) Billions of Yen (B)-(A) (B)/(A) Revenue 295.3 295.0 -0.3 -0.1% Imaging Products Business Operating profit 41.3 40.0 -1.3 -3.2% % vs Revenue 14.0% 13.6% -0.4P Revenue 201.9 185.0
Slide 17: Forecast FY2026/3: Imaging Products Business
Forecast for the year ending March 31, 2026: Imaging Products Business Revenue Operating Profit • YoY: Revenue Down ¥0.3B, Operating Profit Down ¥1.3B ¥400B 400 - DCIL market is expected to remain steady 295.3 295.0 300 - Revenue to remain flat on lower ASP driven by increased unit sales mainly in v
Slide 18: Forecast FY2026/3: Precision Equipment Business
Forecast for the year ending March 31, 2026: Precision Equipment Business Revenue Operating Profit ¥300B 300 • YoY: Revenue Down ¥16.9B, Operating Profit Up ¥10.5B - Revenue to decline on reduced sales volumes of new ArF 201.9 lithography systems and service income 200 185.0 - Operating profit to gr
Slide 19: Forecast FY2026/3: Healthcare Business
Forecast for the year ending March 31, 2026: Healthcare Business Revenue Operating Profit • YoY: Revenue Down ¥1.4B, Operating Profit Up ¥1.8B ¥140B 140 - In Life Science Solutions, improvement of profitability and the expansion of sales of high value-added products are expected 116.4 115.0 120 - In
Slide 20: Forecast FY2026/3: Components Business
Forecast for the year ending March 31, 2026: Components Business Revenue Operating Profit • YoY: Revenue Up ¥4.9B, Operating Profit Up ¥2.9B 100 ¥100B - Sales to increase on continued progress of adding customer accounts in optical parts and optical components and a market 79.0 recovery in the secon
Slide 21: Forecast FY2026/3: Digital Manufacturing Business
Forecast for the year ending March 31, 2026: Digital Manufacturing Business • YoY: Revenue Up ¥9.7B, Operating Profit Up ¥6.7B Revenue Operating Profit - While the market for metal 3D printing machines is expected to remain flat and sluggish primarily for small- to mid-sized 3D printing ¥40B 40 mach
Slide 22: Digital Manufacturing Business: Operating Profit Bridge Analysis
Digital Manufacturing Business: Operating Profit Bridge Analysis (Billions of yen) -8.5 -9.5 +1.2 +1.5 +4.0 -0.9 -15.2 -1.8 -0.7 -0.8 -1.5 大型PBF装置* Large-format PBF DED装置* DED systems* FX・その他 Large-format PBF 大型PBF装置* その他ビジネス・経費抑制 Other businesses and FX and other systems* sales sales decline system
Slide 23: Reference Data
Reference Data
Slide 24: Business segments and major products
Business segments and major products Segment Description Major products Imaging Digital camera-interchangeable lens type Products Interchangeable lens Business Cinema camera Mirrorless Camera [Z5II] Mirrorless Camera [Z50II] [NIKKOR Z 28-135mm f/4 PZ] [V-RAPTOR [X] Z Mount] FPD lithography system Pr
Slide 25: The year ended March 31, 2025: Financial Highlights
The year ended March 31, 2025: Financial Highlights FY2022/3 FY2023/3 FY2024/3 FY2025/3 Billions of Yen Full Year Full Year 1H 2H Full Year 1H 2H Full Year Revenue 539.6 628.1 331.2 386.0 717.2 332.7 382.5 715.2 Operating profit 49.9 54.9 13.6 26.1 39.7 5.8 -3.4 2.4 % vs Revenue 9.3% 8.7% 4.1% 6.8%
Slide 26: The year ended March 31, 2025: Performance by Segment
The year ended March 31, 2025: Performance by Segment FY2024/3 FY2025/3 Change Actual (A) Actual (B) (B)-(A) Billions of Yen 1H 2H Full Year 1H 2H Full Year 1H 2H Full Year Imaging Products Revenue 137.6 142.1 279.7 151.7 143.6 295.3 +14.1 +1.5 +15.6 Business Operating profit 25.2 21.3 46.5 28.8 12.
Slide 27: The year ended March 31, 2025: Quarterly Performance by Segment
The year ended March 31, 2025: Quarterly Performance by Segment FY2025/3 Billions of Yen Q1 Q2 Q3 Q4 Full Year Revenue 83.7 68.0 83.9 59.7 295.3 Imaging Products Business Operating profit 17.8 11.0 15.0 -2.5 41.3 Revenue 33.1 48.4 43.4 77.0 201.9 Precision Equipment Business Operating profit -2.1 3.
Slide 28: The year ended March 31, 2025: One-Time Costs by Segment
The year ended March 31, 2025: One-Time Costs by Segment FY2025/3 Billions of Yen Q1 Q2 Q3 Q4 Full Year Details Q1: RED acquisition related expenses -0.5 Imaging Products Business -0.5 - - -1.4 -1.9 Q4: MRMC* fixed asset impairment losses -0.8, intellectual property related expenses -0.6 Impairment
Slide 29: Forecast for the year ending March 31, 2026: Financial Highlights
Forecast for the year ending March 31, 2026: Financial Highlights FY2025/3 FY2026/3 Change Actual (A) Forecast (B) (B)-(A) Billions of Yen 1H 2H Full Year 1H 2H Full Year 1H 2H Full Year Revenue 332.7 382.5 715.2 322.0 388.0 710.0 -10.7 +5.5 -5.2 Operating profit 5.8 -3.4 2.4 3.0 33.0 36.0 -2.8 +36.
Slide 30: Forecast for the year ending March 31, 2026: Forecast by Segment
Forecast for the year ending March 31, 2026: Forecast by Segment FY2025/3 FY2026/3 Change Actual (A) Forecast (B） (B)-(A) Billions of Yen 1H 2H Full Year 1H 2H Full Year 1H 2H Full Year Imaging Products Revenue 151.7 143.6 295.3 145.0 150.0 295.0 -6.7 +6.4 -0.3 Business Operating profit 28.8 12.5 41
Slide 31: The year ended March 31, 2025: Financial Position
The year ended March 31, 2025: Financial Position ASSET LIABILITIES/EQUITY ¥1,250B 1,250 1,250 ¥1,250B 1,147.1 1,147.1 1,110.5 1,110.5 1,039.5 1,050.2 1,039.5 1,050.2 71.8 Advances Cash & cash 68.1 received 206.6 163.5 1,000 equivalents 1,000 99.8 192.1 139.3 Interest-bearing 211.3 Trade & other 213
Slide 32: Capital Expenditures, Depreciation & Amortization, and Inventories
Capital Expenditures, Depreciation & Amortization, and Inventories CAPITAL EXPENDITURES, DEPRECIATION & AMORTIZATION BREAKDOWN OF INVENTORIES ¥80B 80 ¥350B 350 70.7 307.5 70 69.3 285.2 300 277.2 Others 30.7 60.0 28.7 12.1 Digital Manufacturing 60 238.9 27.3 250 10.7 25.3 Components 16.9 24.6 29.9 11
Slide 33: The year ended March 31, 2025: Revenue Breakdown
The year ended March 31, 2025: Revenue Breakdown BY SEGMENT BY REGION Billions of Yen Billions of Yen Digital Manufacturing Others Others Japan Components 3%1% 25/3 20% 14% 10% 23.3 4.0 Imaging 142.9 101.8 74.1 Products 3% 0% 18% 24/3 12% 25/3 20% 21.0 3.2 130.8 85.9 Healthcare 24/3 41% 144.1 16% 15
Slide 34: Forecast for the year ending March 31, 2026: R&D Expenditures
Forecast for the year ending March 31, 2026: R&D Expenditures R&D EXPENDITURES R&D EXPENDITURES BREAKDOWN Billions of Yen ¥90B 90 20.0% 80.1 Corporate 76.5 78.0 (Undistributed) 80 70.0 70 14% 26/3 61.1 11.0 60 15.0% Forecast Digital 18% 29% Imaging 50 Manufacturing 10% 25/3 22.5 Products 14.4 31% 11
Slide 35: Cash Flow History
Cash Flow History ¥100B 80 54.9 60 49.9 48.2 39.7 40 31.3 30.7 22.9 30.9 20 6.7 16.4 18.0 4.9 0.0 2.4 0 -4.8 -4.9 -10.6 -0.3 -21.7 -20 -8.9 -21.2 -19.8 -26.1 -40 -41.4 -60 -56.2 -56.2 -80 -72.7 -69.9 -100 -112.1 -120 -112.1 -140 20/3 21/3 22/3 23/3 24/3 25/3 Operating Profit Cash Flows from Net cash
Slide 36: Imaging Products Business: Sales Units
Imaging Products Business: Sales Units SALES IN UNITS BY PRODUCT CATEGORY 500 500K Units 470 390 390 400 370 370 370 360 340 330 320 280 280 290 300 280 270 270 270 270 250 250 260 240 230 220 230 220 220 210 200 200 170 170 180 180 180 170 160 160 150 140 120 100 0 DCIL (Digtal Camera-Interchangeab
Slide 37: Forecast FY2026/3: Precision Equipment Business Sales Units
Forecast for the year ending March 31, 2026: Precision Equipment Business Sales Units SEMICONDUCTOR LITHOGRAPHY FPD LITHOGRAPHY SYSTEMS SALES SYSTEMS SALES BY TECHNOLOGY BY GENERATION (INCL. REFURBISHED) 60 60 Units G5/6 系列1 G7/8 系列2 G10.5 系列3 60 Units 60 i-line, 系列1 系列2 KrF ArF 系列3 系列4 ArF immersio
Slide 38: Precision Equipment Business: Sales Units
Precision Equipment Business: Sales Units FPD LITHOGRAPHY SYSTEMS SALES IN UNITS BY GENERATION 20 units 20 17 15 13 12 12 7 12 10 10 10 3 6 9 9 2 5 7 2 7 1 7 7 7 6 6 5 1 1 3 5 2 7 5 10 3 1 2 3 8 2 7 8 1 7 4 6 6 2 2 4 5 5 4 5 5 0 3 3 1 3 1 1 2 1 0 G5/6 G7/8 G10.5 38
Slide 39: Precision Equipment Business: Sales Units
Precision Equipment Business: Sales Units SEMICONDUCTOR LITHOGRAPHY SYSTEMS SALES IN UNITS BY TECHNOLOGY（INCL. REFURBISHED） 20 20 units 20 19 1 3 16 15 14 5 3 2 12 1 12 12 1 2 1 3 2 2 1 10 10 2 10 9 1 8 1 8 2 8 8 2 2 2 2 1 1 1 4 1 6 5 2 1 2 2 11 2 3 1 12 4 11 4 1 11 5 1 3 2 1 7 8 7 2 2 1 5 1 5 6 5 2
Slide 40: Forecast FY2026/3: Foreign Exchange Impact
Forecast for the year ending March 31, 2026: Foreign Exchange Impact Exchange Rate Financial Impact from Fluctuation by 1 yen FY2026/3 Revenue Operating Profit Forecast US $ ¥145 Approx. ¥2.4B Approx. ¥0.5 EURO ¥155 Approx. ¥0.8B Approx. ¥0.3B Note: The foreign exchange impact above is made on the a
Slide 41: Revision of Business Segment (From FY2025/3)
Revision of Business Segment (From FY2025/3) Old Segment Business Unit (BU) Business Unit (BU) New Segment Imaging Products Imaging Products BU Imaging Products BU Imaging Products Precision FPD Lithography BU Precision FPD Lithography BU Precision Equipment Equipment Equipment Precision Equipment S
Slide 42: Disclaimer Regarding Forecast and Projections
Disclaimer Regarding Forecast and Projections Forward-looking statements for earnings and other performance data contained herein are based on information currently available to the Company, and all potential risks and uncertainties are taken into account. The Company asks that investors understand
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