Slide 1: Fiscal Year Ended December 31, 2024 Consolidated Financial Results
Fiscal Year Ended December 31, 2024 Consolidated Financial Results Tera Probe, Inc. Stock code: 6627 Copyright©2025 Tera Probe, Inc. All Rights Reserved.
Slide 2: FY2024 Financial Information
FY2024 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: Financial Highlight
Financial Highlight Achieved record-high Net sales for the full year Net income attributable to Net sales Operating income Ordinary income owners of parent Full year 37,108M¥ 6,949M¥ 7,005M¥ 3,509M¥ （YoY） （+4.8%） （▲3.3%） （▲5.5%） （▲14.3%） 4Q 8,998M¥ 1,464M¥ 1,615M¥ 935M¥ （QoQ） （▲2.5%） （▲13.0%） （+8.3%
Slide 4: Consolidated Financial Summary (QoQ)
Consolidated Financial Summary (QoQ) ◼ Decrease in automotive demand due to inventory adjustment ◼ Recovery of CPUs&GPUs (Unit : Billion Yen) FY2023 FY2024 QoQ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Change % Net sales 8.25 8.62 9.18 9.36 8.95 9.93 9.23 9.00 -0.23 -3% Gross profit 2.27 2.23 2.56 2.62 2.34 2.82 2.35
Slide 5: Analysis of Consolidated Operating Income (QoQ)
Analysis of Consolidated Operating Income (QoQ) ◼ Decrease in operating income due to net sales decline and increase in depreciation (Unit : Billion Yen) Net sales : Decrease Decrease in the volume of automotive application due to inventory adjustment Recovery of CPUs&GPUs Depreciation : Increase St
Slide 6: Consolidated Financial Summary (YoY)
Consolidated Financial Summary (YoY) ◼ Decrease in gross profit margin and operating income margin due to increase in depreciation and utility cost (Unit : Billion Yen) FY2023 FY2024 YoY 12months 12months Change % Net sales 35.40 37.11 1.71 5% Gross profit 9.68 9.60 -0.08 -1% % Margin 27.3% 25.9% -1
Slide 7: Analysis of Consolidated Operating Income (YoY)
Analysis of Consolidated Operating Income (YoY) ◼ Decrease in operating income due to lower utilization of existing testers and increase in various expenses (Unit : Billion Yen) Net sales : Increase YoY growth in automotive applications, continuing inventory adjustments from Q3 2024 Depreciation : I
Slide 8: Quarterly Net Sales and Operating Income
Quarterly Net Sales and Operating Income ◼ Limited decline by growth in server applications demand despite impact of automotive inventory adjustments ◼ Decrease in operating income due to lower utilization of existing testers (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved.
Slide 9: Quarterly Net Sales by Products
Quarterly Net Sales by Products ◼ Decline in automotive ratio due to increase in server applications and decrease in automotive applications (Unit : Billion Yen) TPJ 62％ TPW 43％ TPJ：TeraProbe TPW=TeraPower Technology Inc. Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 9
Slide 10: Quarterly Net Sales by Application (Trends from FY2020)
Quarterly Net Sales by Application (Trends from FY2020) (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 10
Slide 11: 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. 11
Slide 12: Consolidated Balance Sheet and Cash Flow
Consolidated Balance Sheet and Cash Flow ◼ Maintained positive operating cash flow ◼ Continued capital investments (Unit : Billion Yen) FY2023 FY2024 QoQ YoY As of As of As of As of As of As of As of As of Change % Change % Mar. 31 Jun. 30 Sep. 30 Dec. 31 Mar. 31 Jun. 30 Sep. 30 Dec. 31 Total assset
Slide 13: Capital Expenditure and Depreciation
Capital Expenditure and Depreciation ◼ Continued capital investments for CPUs&GPUs ◼ Capital investments for CMOS image sensor in Japan CAPEX (Unit : Billion Yen) Depreciation (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 13
Slide 14: 1H FY2025 Consolidated Earnings Forecast
1H FY2025 Consolidated Earnings Forecast Copyright©2025 Tera Probe, Inc. All Rights Reserved.
Slide 15: Consolidated Earnings Forecast (1H FY2025)
Consolidated Earnings Forecast (1H FY2025) ◼ Net sales growth due to increase in server applications and AI-related products, despite continuing inventory adjustment of automotive applications (Unit : Billion Yen) FY2024 FY2025 QoQ FY2025 QoQ FY2025 YoY 1Q 2Q 1H 3Q 4Q 1Q Change % 2Q Change % 1H Chan
Slide 16: Capital Expenditure and Depreciation Forecast (1H FY2025)
Capital Expenditure and Depreciation Forecast (1H Y2025) ◼ Continue CAPEX in advanced testers with carefully monitoring global situations and demand trends CAPEX (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: Topics.1 FY2024 Financial highlights
Topics.1 FY2024 Financial highlights 【Consolidated】 【Non-consolidated】 EPS Net sales 37.1 B¥ Net sales 9.61 B¥ Consolidated 385.7 yen Non- OP ratio 18.7 % OP ratio 10.2 % consolidated 289.7 yen (Unit : Billion Yen) (Unit : Billion Yen) Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 18
Slide 19: Topics.2-1 Return on capital (ROE・ROIC)
Topics.2-1 Return on capital (ROE・ROIC) ROE ROIC Target 9.8 % 8.5 % ROE Maintain a level that WACC exceeds the cost of Cost of equity 9.3%～10.6% 6.5%～8.4% shareholders' equity ROIC Maintain a level that Compiled by the Company based on Japan Exchange Group statistical information ROIC: Calculated as
Slide 20: Topics.2-2 Market valuation (PBR・PER)
Topics.2-2 Market valuation (PBR・PER) FY2024 PBR FY2024 PER 0.7 times 7.5 times Copyright© 2025 Tera Probe, Inc. All Rights Reserved. 20
Slide 21: Topics.3 FY2025 Initiatives
Topics.3 FY2025 Initiatives ～20th Anniversary: A Year of Great Strides～ FY2025 Initiatives Improving profitability by increasing utilization Net sales Enhancing business for AI semiconductors and AI related products Operating ratio Profit improvement Inventory adjustment Demand recovery in Existing
Slide 22: Topics.4 Dividend
Topics.4 Dividend ～Change in dividend policy from Non-consolidated basis to Consolidated basis～ FY2022 FY2023 FY2024 Shareholder Return Policy Dividend payout ratio (consolidated) 15.7% 24.4% 28.5% 1. Capital investment to strengthen the business Dividend payout ratio (non- 29.4% 36.3% 38.0% base ne
Slide 23: Appendix
Appendix Copyright©2025 Tera Probe, Inc. All Rights Reserved.
Slide 24: 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 25: 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 26: 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 27: 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. 27
Slide 28: 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 29: 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