Rigaku Holdings Corp (RGAKF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Let me start. So please look at page three. So this is today's agenda. We have two parts of agenda presentation. The first part covers the summary of third quarter FY2025 consolidated financial results and progress toward FY2025 earnings forecast. Number two, updates on growth strategy and directions for FY2026. And that is the mid to long-term growth strategy. And so this is the direction for FY2026 will also be introduced. So the first agenda, summary of the third quarter FY2025 consolidated financial results and progress toward FY25 earnings forecast. So now in this page, this is a highlight in the company-wide overall the revenues in the third quarter. When the first half is finished that we have announced within our assumption now has landed in its results. in three-quarter cumulative results declined 5.3 percent year-on-year. However, profits in EBITDA, adjusted EBITDA, and net profit declined year-on-year, significantly due to lower overall sales, concentration of high-margin semiconductor projects in 4Q, as well as continued strategic investments. So therefore, this will be explained more in detail later in the presentation. But our performance bottomed out in the third quarter, with recovery expected in the fourth quarter. in terms of the semiconductor sales concentration of this multipurpose analytical instruments is due to the market factors that some difficult times continues, minus 5%. If you just look at the third quarter only, it's the 19.4% growth quarter on quarter in 3Q. So it is a strong recovery. Reverse is the scene. And also for the overseas sales, of the multipurpose analytical instruments, excluding China, strong performance in overseas sales, cumulative revenue increased by plus 11% year on year. So this is a steady growth in the m...