Rigaku Holdings Corporation · TSE:268A
Rigaku — Q2 FY2026 Earnings Presentation
45 slides from Rigaku's earnings presentation, Aug 7, 2026
Slide 1: FY26 2Q/1H Earnings Presentation
FY26 2Q/1H Earnings Presentation Rigaku Holdings Corporation August 7, 2026
Slide 2: Disclaimer
Disclaimer This material has been prepared solely for the purpose of providing relevant information regarding Rigaku Holdings Corporation (“Rigaku” or the “Company”) and does not constitute an offer to sell or the solicitation of an offer to buy any security in the United States, Japan or any other
Slide 3: Agenda
Agenda 1． FY26 2Q/1H Consolidated Financial Results 2． Semiconductor Process Control Instruments Business Update 3． FY26 Earnings Forecast Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries 3
Slide 4: FY26 2Q/1H Consolidated Financial Results
FY26 2Q/1H Consolidated Financial Results Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 5: Highlights of FY26 2Q/1H Consolidated Financial Results
Highlights of FY26 2Q/1H Consolidated Financial Results ◼ 2Q: Revenue grew 7% YoY, while orders increased by more than 50% YoY. Current order forecasts remain strong, clearly demonstrating that the company is on a sustained growth trajectory. ◼ 1H: Both revenue and orders progressed largely in line
Slide 6: Quarterly Revenue Trend
Quarterly Revenue Trend ◼ 2Q rebounded strongly from the transitional 1Q as planned, returning the business to its growth trajectory. First -half performan ce was in line with plan. ◼ Strong demand for memory and logic applications in the Semiconductor Process Control Instruments business, together
Slide 7: FY26 2Q Consolidated Financial Results Summary
FY26 2Q Consolidated Financial Results Summary（YoY） ◼ Consolidated revenue increased, supported (JPY Bn ) by higher sales in the Semiconductor 2025 2Q 2026 2Q YoY Change Process Control Instruments . Revenue 20.1 21.6 7.4% ◼ Gross profit margin remained broadly Gross Profit 11.1 11.9 7.0% unchanged
Slide 8: FY26 2Q Performance Summary by Category
FY26 2Q Performance Summary by Category Semiconductor Process Control Multipurpose Analytical Instruments Instruments Components and Services （ JPY Bn ） FY25 2Q FY26 2Q YoY FY25 2Q FY26 2Q YoY FY25 2Q FY26 2Q YoY Revenue 8.9 8.4 -6.1% 4.6 7.4 +60.0% 6.5 5.8 -11.3% Operating 0.6 -60.1% 1.3 0.3 -77.3%
Slide 9: FY26 2Q Analysis of Consolidated Operating Profit
FY26 2Q Analysis of Consolidated Operating Profit（YoY） ◼ Operating Profit Margin 9.0 % (down by 5.3pt YoY) • Gross margin remained broadly flat, as price increases and an improved customer/product mix offset higher costs • Lower sales and continued strategic investments increased R&D and SG&A ratios
Slide 10: Recent Order Intake & Sales Trend
Recent Order Intake ＆ Sales Trend Multipurpose Analytical Instruments： Americas Semiconductor Process Control Instruments ： JEP (2) is orders bottomed in 2Q, with a Q3 recovery expected progressing steadily ◼ Order Intake Japan +22％ FY25 FY26 Trends FY26 Americas +50％ 5 New Projects Launched Over JE
Slide 11: FY26 1H Consolidated Financial Results Summary
FY26 1H Consolidated Financial Results Summary（YoY） FY25 1H FY26 1H YoY ◼ Revenue declined 2.9% YoY, as lower sales (JPY Bn) in Multipurpose Analytical Instruments Revenue 40.7 39.5 -2.9% were largely offset by growth in Semiconductor Process Control Gross Profit 22.7 21.6 -4.6% Instruments. Operati
Slide 12: Semiconductor Process Control Instruments Business Update
Semiconductor Process Control Instruments Business Update Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 13: Update on Rigaku's Share of Thin-Film Metrology Market
Update on Rigaku’s Share of Thin-Film Metrology Market X-ray Metrology Market Share Film and Materials Metrology Market Share ◼ Rigaku expanded its market share, ◼ Rigaku gained share and became No. 1 in the broader thin -film thickness and maintaining No. 1 position composition measurement market 5
Slide 14: Strategic Product Roadmap for Next-Gen Semiconductors
Strategic Product Roadmap for Next-Gen Semiconductors ◼ Timely launch of new products targeting Next -Generation Semiconductor development and mass production Market and ◼ Targeting over 50% share of an estimated ~US$1.0 billion SAM for new products Objectives ◼ 2030 revenue target of approx. JPY 10
Slide 15: Strengthening Customer Support Through Global RTCs
Strengthening Customer Support Through Global RTCs ◼ Rigaku is expanding its global RTC (Rigaku Technology Center) network to support customers locally from advanced process development through mass production. Following Silicon Valley and Taiwan, RTC -China (Shanghai) is planned to open in FY2026.
Slide 16: Toward 2030 and Beyond
Toward 2030 and Beyond 2030 ◼ Rigaku is well positioned to capture demand from high -end semiconductor technology challenges both toward 2030 and beyond 2030, potentially leading to strong continued and sustainable growth Illustrative Revenue of (1) Semiconductor Future Roadmap Rigaku Strength Rigak
Slide 17: FY26 Earnings Forecast
FY26 Earnings Forecast Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 18: FY26 Consolidated Earnings Forecast – Unchanged at this point in time
FY26 Consolidated Earnings Forecast – Unchanged at this point in time Initial Guidance ◼ Overall r evenue expected to grow by +9% (3) , in line FY25 FY26 (2) YoY with the mid -term management plan (JPY Bn) ◼ The strategy is to offset higher R&D and SG&A expenses, through gross margin expansion, ther
Slide 19: Conclusion
Conclusion ◼ Clear FY26 Growth Trajectory ⚫ Order intake in Multipurpose Analytical Instruments returned to growth in 2Q, expecting to contribute a meaningful revenue growth mainly in the industrial sector from 2H. ⚫ Semiconductor Process Control Instruments continues to outperform expectations, wit
Slide 20: Appendix
Appendix Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 21: FY26 2Q Performance Summary by Category (by Region)
FY26 2Q Performance Summary by Category（by Region) Semiconductor Process Control Multipurpose Analytical Instruments Instruments Components and Services （ JPY Bn ） FY25 2Q FY26 2Q YoY FY25 2Q FY26 2Q YoY FY25 2Q FY26 2Q YoY Revenue 8.9 8.4 -6.1% 4.6 7.4 +60.0% 6.5 5.8 -11.3% Operating 0.6 -60.1% 1.3
Slide 22: FY26 1H Performance Summary by Category
FY26 1H Performance Summary by Category Semiconductor Process Control Multipurpose Analytical Instruments Instruments Components and Services （ JPY Bn ） FY25 1H FY26 1H YoY FY25 1H FY26 1H YoY FY25 1H FY26 1H YoY Revenue 18.1 15.0 -17.1% 10.8 12.7 +18.2% 11.7 11.6 -0.5% Operating 1.6 -22.7% 2.5 0 -9
Slide 23: FY26 1H Performance Summary by Category (by Region)
FY26 2Q Performance Summary by Category（by Region) Semiconductor Process Control Multipurpose Analytical Instruments Instruments Components and Services （ JPY Bn ） FY25 1H FY26 1H YoY FY25 1H FY26 1H YoY FY25 1H FY26 1H YoY Revenue 18.1 15.0 -17.1% 10.8 12.7 +18.2% 11.7 11.6 -0.5% Operating 2.5 0 -9
Slide 24: FY26 1H Analysis of Consolidated Operating Profit
FY26 1H Analysis of Consolidated Operating Profit（YoY） ◼ Operating Profit Margin: 6.5% (down 7.5pt YoY) • Gross margin declined primarily due to higher COGS associated with semiconductor process control instruments, including one -off factors in 1Q, foreign exchange effects and upfront investments •
Slide 25: Operating Profit Analysis: FY25 Actual vs. FY26 Forecast
Operating Profit Analysis: FY25 Actual vs. FY26 Forecast GM％ +2.2pt SG&A and Others -0.7pt +2.3%(1) +0.7% 19.3% +0.6% 17.7% -1.4% ‐0.6% FY25 Increased Increased COGS Pricing/Product SG&A (incl. R&D) FX Losses FY26 Actual Semiconductor Mix Forecast Revenue Improved overall Volume growth and profitabi
Slide 26: Profit & Loss by Product (Management Accounting Basis)
Profit & Loss by Product (Management Accounting Basis)(1) FY25 FY26 予想/Fct (10億円)/(JPY Bn) 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q Full-year 多目的分析機器/Multipurpose Analytical Instruments 売上収益/Revenue 9.2 8.9 8.3 13.9 40.4 6.6 8.4 - - 41.5 営業利益/Operating Profit 1.2 1.3 0.4 3.1 6.2 -0.2 0.3 - - 6.2 営業利益率/Oper
Slide 27: Revenue Breakdown by Region and End-Market
Revenue Breakdown by Region and End-Market Revenue by Region FY25 FY26 (10 億円)/(JPY Bn) 1Q 2Q 3Q 4Q Full -year 1Q 2Q 3Q 4Q Full -year 日本/Japan 7.7 4.1 4.8 10.7 27.4 6.9 4.8 - - - 米州/Americas 4.5 5.9 4.0 8.9 23.4 4.6 5.5 - - - 欧州/EMEA 2.7 3.8 2.6 4.6 13.8 1.7 2.8 - - - アジア (中国以外)/Asia (ex. China) 3.1
Slide 28: Consolidated Quarterly Financial Results
Consolidated Quarterly Financial Results FY25 FY26 予想/Fct (10億円)/(JPY Bn) 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q Full-year 売上収益/Revenue 20.6 20.1 18.7 34.6 94.1 17.9 21.6 - - 101.0 売上総利益(1)/Gross Profit (1) 11.5 11.1 9.7 20.4 52.8 9.7 11.9 - - 58.9 営業利益/Operating Profit 2.8 2.8 0.8 10.1 16.7 0.6 1.9 - -
Slide 29: FY26 1H Consolidated B/S & Cash Flow
FY26 1H Consolidated B/S & Cash Flow B/S Cash Flow (10億円)/(JPY Bn) FY25 Year-end FY26 2Q Changes (10億円)/(JPY Bn) FY25 1H FY26 1H Changes 流動資産/Current Assets 76.2 77.7 1.4 営業キャッシュ・フロー/Operating Cash-Flow 6.9 2.9 -3.9 現預金/Cash and Cash Equivalents 24.2 27.2 2.9 投資キャッシュ・フロー/Investing Cash-Flow -4.0 -3.
Slide 30: Reconciliation of Adjusted Items (1/2)
Reconciliation of Adjusted Items (1/2) (10億円)/(JPY Bn) FY25 FY26 予想/Fct EBITDA 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q Full-year 税引前利益/Profit Before Taxes 2.7 2.7 0.6 9.8 15.9 0.4 1.6 - - 18.4 減価償却費及び償却費/Depreciation and Amortization 1.2 1.2 1.3 1.3 5.1 1.4 1.4 - - 5.8 支払利息/Interest Expenses 0.2 0.2 0.2 0
Slide 31: Reconciliation of Adjusted Items (2/2)
Reconciliation of Adjusted Items (2/2) (10億円)/(JPY Bn) FY25 FY26 予想/Fct 調整後営業利益/Adjusted Operating Profit 1Q 2Q 3Q 4Q Full-year 1Q 2Q 3Q 4Q Full-year 営業利益/Operating Profit 2.8 2.8 0.8 10.1 16.7 0.6 1.9 - - 19.4 PPA償却費/PPA Amortization 0.5 0.5 0.5 0.5 2.0 0.5 0.5 - - 2.1 コンサルティング・フィー/Business Consult
Slide 32: Rigaku at a Glance
Rigaku at a Glance Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 33: Company Highlights
Company Highlights Company at a Glance Operating Platform for Diversified End Markets (2025/12) ◼ A global leader in advanced X-ray technology with 75 years of innovation Revenue (Outer) and history Operating Profit (Inner) by ◼ Achieving industry leading profitability through strong R&D capabilitie
Slide 34: Rigaku's Competitive Edge
Rigaku’s Competitive Edge ◼ Rigaku’s core competitive edge lies in its integrated business model, under which the company manufactures its core components in-house — enabling to create high value-added products, strong customer trust leading to a high retention rate among top-tier industry players I
Slide 35: Seeing the Unseen: Rigaku's X-Ray Solutions
Seeing the Unseen: Rigaku’s X-Ray Solutions ◼ Rigaku Established Metrology Solutions for Diverse Analytical Needs Amid the Increasing Inspection / Metrology Needs in Miniature Space 1mm 700nm 400nm 10nm 1Å Battery Structure Fiber / Polymer Protein Semi Crystal Molecule Atom X-ray Metrology X-ray Dif
Slide 36: Key Products by End Market
Key Products by End Market（Multipurpose Analytical Instruments） 〈 Batteries 〉 ◼ Academia/Government ◼ Semiconductor/Electronic Components Crystal structure and nanostructure analysis Basic Research & Materials Analysis 〈 Semiconductor 〉 ✓ X-ray diffraction (XRD) ✓ X-Ray Diffraction （ XRD） ✓ X-ray fl
Slide 37: Key Products Across the Semiconductor Manufacturing Process
Key Products Across the Semiconductor Manufacturing Process ◼ Rigaku’s Products Offer Advanced Inspection / Metrology Solutions Essential for Manufacturing Cutting-edge Semiconductors Thin Film / Resist Thickness Measurement Surface Contamination Inspection XTRAIA XD-3300 ONYX 3200 WaferX 310 XTRAIA
Slide 38: Rigaku's Long-Term Strategy: Three Pillars of Growth
Rigaku’s Long-Term Strategy: Three Pillars of Growth ◼ Establish Solutions to Meet the Cutting-edge Inspection / Metrology Demands for Each Application, and Aim for Medium to Long-term Growth Through the Promotion of the "Lab to Fab" Strategy Driving the “Lab to Fab” Business Expanding Deployment of
Slide 39: Inspection / Metrology Needs from the Advanced Semiconductor Manufacturing
Inspection / Metrology Needs from the Advanced Semiconductor Manufacturing ◼ The Semiconductor Manufacturing Process is Reaching a Turning Point due to Miniaturization and Multi-layered Materials, Making High-precision Inspection / Metrology Technologies Increasingly Irreplaceable Semiconductor Tech
Slide 40: Mid-Term Value Creation Plan
Mid-Term Value Creation Plan ◼ Target Revenue CAGR of Approx. 10% Driven by a Strong Growth in Semiconductor Process Control Instruments Overall Medium-term Goals (Company-wide) Revenue Growth Target by Product Category (JPY Bn) Medium-term 46.5～48.5 CAGR Plan Base Year 2025/12 2026/12 35.8 (2023~20
Slide 41: Glossary
Glossary Copyright 2026 Rigaku Holdings Corporation & its Global Subsidiaries
Slide 42: Glossary (1/3)
Glossary (1/3) Terms Description • Advanced X -Ray Inspections is a non -destructive and automated method that uses X -rays to inspect internal defects (such as voids, cracks, AXI and misalignments) in electronic components, semiconductors, and industrial products • Complementary FET (CFET) is a nex
Slide 43: Glossary (2/3)
Glossary (2/3) Terms Description • An advanced X -ray analysis device offering high -precision micro and wide -area mapping without positional deviation. It sensitive ly detects Qualana even light elements and, with Rigaku’s proprietary FP program, supports flexible quantitative thin -film analysis
Slide 44: Glossary (3/3)
Glossary (3/3) Terms Description • X-Ray Fluorescence (XRF) -a technique for qualitative and quantitative analysis of elements using fluorescent X -rays, which are generated XRF (Fluorescence ) when a substance is irradiated with X -rays. It is broadly classified into wavelength dispersive (WDX) typ
Slide 45: Disclaimer
Disclaimer This presentation contains forward-looking statements, plans, and strategies based on information available and judgments made by the Company at the time of preparation. These statements involve risks and uncertainties, and actual results may differ materially due to various factors such