Rigaku Holdings Corp (RGAKF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.056 First of all, today we have two agenda items. 00:00:04.056 -- 00:00:05.999 First agenda 00:00:05.999 -- 00:00:11.947 is the summary of first half of FY2025 consolidated financial results. 00:00:11.947 -- 00:00:17.514 Second topic is the updates on FY25 earnings forecast 00:00:17.514 -- 00:00:21.637 and our growth strategy and progress. 00:00:22.080 -- 00:00:24.770 First, the first agenda. 00:00:24.770 -- 00:00:29.257 the first half FY25 consolidated financial results. 00:00:29.257 -- 00:00:34.585 This is the highlights. Compared to the previous year, semiconductor business remains 00:00:34.585 -- 00:00:40.433 solid and revenues declined 4.7% year-on-year 00:00:40.433 -- 00:00:46.202 due to a cyclical slowdown of multipurpose analytical instruments 00:00:46.202 -- 00:00:51.550 and components business, EUV. So therefore, revenues declined 00:00:51.550 -- 00:00:57.596 minus 4.7% year on year, meaning that 4.7% 00:00:57.596 -- 00:01:02.562 decline. Adjusted EBITDA and adjusted profit declined. 00:01:02.562 -- 00:01:07.126 It is slightly delayed in terms of the sales and revenues. 00:01:07.126 -- 00:01:11.991 So an R&D and commercial infrastructure investment is continued. 00:01:11.991 -- 00:01:14.514 So therefore, adjusted EBITDA, 00:01:14.514 -- 00:01:19.259 adjusted profits declined compared to the previous year. 00:01:19.259 -- 00:01:24.311 So let me explain that further more. In the pipeline, mid- to long-term is 00:01:24.311 -- 00:01:28.060 quite steady, continue to grow steadily, 00:01:28.060 -- 00:01:32.230 is plus 15%, 1.5, 15% year-on-year, 00:01:32.230 -- 00:01:35.117 and mid-term demand remains resilient. 00:01:35.117 -- 00:01:40.243 However... full-year results of FY25 are expected to be 00:01:40.243 -- 00:01:45.367 influen...