Lasertec : Consolidated Financial Results for the Third Quarter Ended March 31, 2026(Japanese GAAP)

April 30, 2026

Company name: Lasertec Corporation

Stock exchange listing: Tokyo Stock Exchange

Code number: 6920

URL: https://www.lasertec.co.jp/

Representative: Tetsuya Sendoda

Representative Director, President & Chief Executive Officer

Contact for inquiries: Hisashi Yokokawa Executive Officer

Phone: +81-45-478-7111

Dividend payable date: -

Preparation of supplementary

material for financial results: Yes

Financial results briefing: Yes (for institutional investors and analysts)

(Figures less than a million yen are rounded down.)

1. Consolidated financial results for the nine-month period ended March 31, 2026

   1. Consolidated operating results

      (The percentage figures indicate changes from the same period of the previous fiscal year.)

      	Net sales		Operating income		Ordinary income		Net income attributable to owners of parent
      Nine months ended	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      March 31, 2026	169,539	0.4	78,191	(1.4)	80,449	6.7	56,823	7.8
      March 31, 2025	168,835	7.4	79,291	36.5	75,394	28.5	52,694	26.9

      (Note) Comprehensive income: Nine months ended March 31, 2026: 58,701 million yen [16.3%]

      Nine months ended March 31, 2025: 50,479 million yen [20.4%]

      	Net income per share	Net income per share, fully diluted
      Nine months ended	Yen	Yen
      March 31, 2026	632.49	631.96
      March 31, 2025	584.27	583.77

   2. Consolidated financial position

   	Total assets	Net assets	Equity ratio	Net assets per share
   	Million yen	Million yen	%	Yen
   March 31, 2026	310,812	225,489	72.5	2,515.53
   June 30, 2025	329,601	209,900	63.7	2,327.06

   (Reference) Equity: March 31, 2026: 225,468 million yen June 30, 2025: 209,878 million yen

2. Dividends

   	Dividend per share
   	End of 1Q	End of 2Q	End of 3Q	Year-end	Total
   Fiscal year ended June 30, 2025 Fiscal year ending June 30, 2026	Yen -- --	Yen 115.00 132.00	Yen -- --	Yen 214.00	Yen 329.00
   Fiscal year ending June 30, 2026 (Forecast)				197.00	329.00

   (Note) Revision to forecast of dividends since the last announcement: No

3. Forecast of consolidated financial results for the year ending June 30, 2026

(The percentage figures indicate changes from the previous fiscal year.)

(Note) Revision to forecast of financial results since the last announcement: No

※ Notes

1. Significant changes in the scope of consolidation during the period: None

2. Application of special accounting procedures to the preparation of quarterly consolidated financial statements: None

3. Changes in accounting policy, changes or restatement of accounting estimates

   ① Changes in accounting policy due to revision of accounting standards: None

   ② Changes in accounting policy other than ①: None

   ③ Changes in accounting estimates: None

   ④ Restatement due to revision: None

4. Number of issued shares (common stock):

① Number of issued shares at the end of the period (including treasury shares)

② Number of treasury shares at the end of the period

③ Average number of shares during the period ended

(Shares)

※ Audits performed by certified public accountants for the quarterly consolidated financial statements attached to this report: None

※ Statement about proper use of forecast of financial results and other special notes

(Cautionary note regarding forward-looking statements)

The forecasts of financial results in this report are based on the information currently available to the company and based on certain assumptions it deems reasonable. Actual results may differ materially from the forecast due to various factors.

(Availability of presentation materials of financial results)

Lasertec will make a presentation of financial results to institutional investors and analysts on April 30, 2026. The presentation materials prepared for this meeting will be available on our website.

Contents of Supplementary Material

1. Overview of Operating Results and Others 2

   1. Overview of operating results for the period 2

   2. Overview of financial position for the period 2

   3. Information concerning forecast of consolidated financial results 2

2. Consolidated Financial Statements and Notes 3

   1. Consolidated balance sheet 3

   2. Consolidated statement of income and consolidated statement of comprehensive income 5

      Consolidated statement of income

      First nine months of the fiscal year 5

      Consolidated statement of comprehensive income

      First nine months of the fiscal year 6

   3. Consolidated statement of cash flows 7

   4. Notes to consolidated financial statements 8

      (Notes on information by business segment) 8

      (Notes on significant changes in the amount of shareholders' equity) 8

      (Notes on going concern assumption) 8

      (Additional information) 8

      (Revenue recognition) 9

3. Supplementary Information 10

   1. Production by category 10

   2. Sales by category 10

1. Overview of Operating Results and Others

   1. Overview of operating results for the period

      During the first nine months of this fiscal year, uncertainty in the economic outlook increased amid rising concerns about inflation due to soaring resource and energy prices arising from the situation in the Middle East.

      In the semiconductor industry, our primary market, demand for GPUs, high-bandwidth memory (HBM), and other advanced semiconductors remained strong, driven by increased investment in AI, leading to heightened capital expenditure by device makers.

      Under these circumstances, our consolidated net sales for the nine-month period ended March 31, 2026, totaled 169,539 million yen (up 0.4% year-on-year). By product segment, semiconductor-related products accounted for 124,664 million yen (down 6.7% year-on-year). Sales of other products accounted for 2,811 million yen (down 33.3% year-on-year) and services for 42,063 million yen (up 35.5% year-on-year).

      As for consolidated incomes during this period, we recorded an operating income of 78,191 million yen (down 1.4% year-on-year), an ordinary income of 80,449 million yen (up 6.7% year-on-year), and 56,823 million yen in net income attributable to owners of parent (up 7.8% year-on-year).

   2. Overview of financial position for the period

      ① Financial position

      Total assets at the end of the period amounted to 310,812 million yen, down 18,789 million yen from the end of the previous fiscal year. This is mainly due to the 7,656 million-yen decrease in notes and accounts receivable-trade, and contract assets, the 6,060 million-yen decrease in cash and deposits, and the 4,073 million-yen decrease in work in process.

      Liabilities at the end of the period amounted to 85,322 million yen, down 34,379 million yen from the end of the previous fiscal year. This is mainly due to the 20,798 million-yen decrease in income taxes payable and the 13,762 million-yen decrease in advances received.

      Total net assets, which consist of shareholders' equity, accumulated other comprehensive income, and subscription rights to shares, amounted to 225,489 million yen. The capital-to-asset ratio was 72.5%.

      ② Cash flows

      Cash and cash equivalents at the end of the period amounted to 80,027 million yen, down 6,060 million yen from the end of the previous fiscal year. Following is the status of cash flows and their contributing factors during the nine-month period.

      Net cash provided by operating activities amounted to 36,823 million yen (down 17.3% year-on-year). This is mainly due to the fact that the sum of cash receipts, such as the 80,449 million yen in income before income taxes, exceeded the sum of cash payments, such as the 43,178 million yen spent for income taxes paid.

      Net cash used in investing activities amounted to 1,210 million yen (down 40.2% year-on-year). This is mainly due to the 905 million yen used in the purchase of property, plant and equipment and the 349 million yen used in payments for guarantee deposits.

      Net cash used in financing activities amounted to 43,169 million yen (up 75.8% year-on-year). This is mainly due to the 31,131 million yen used for cash dividends and the 12,003 million yen used in the purchase of treasury shares.

   3. Information concerning forecast of consolidated financial results

   We have not revised our forecast for the fiscal year ending June 2026 announced on January 30, 2026.

2. Consolidated Financial Statements and Notes
   1. Consolidated balance sheet Assets Current assets

      Previous (June 30, 2025)

      (In millions of yen)

      Current (March 31, 2026)

      Cash and deposits 86,087 80,027

      Notes and accounts receivable-trade, and contract assets Work in process	24,790 123,672	17,133 119,598
      Raw materials and supplies	45,333	44,877
      Other	7,145	7,582
      Allowance for doubtful accounts	(167)	(20)
      Total current assets	286,861	269,199
      Noncurrent assets
      Property, plant and equipment Buildings and structures, net	10,998	10,545
      Machinery, equipment and vehicles, net	4,499	3,734
      Tools, furniture and fixtures, net	1,428	1,728
      Leased assets, net	163	139
      Land	13,146	13,146
      Construction in progress	50	342
      Total property, plant and equipment	30,285	29,636
      Intangible assets	2,451	1,461
      Investments and other assets
      Investment securities	1,007	1,340
      Retirement benefit assets	103	--
      Deferred tax assets	8,371	8,322
      Other	521	851
      Total investments and other assets	10,003	10,515
      Total noncurrent assets	42,740	41,613
      Total assets	329,601	310,812

      Liabilities

      Previous (June 30, 2025)

      (In millions of yen)

      Current (March 31, 2026)

      Current liabilities Accounts payable-trade	9,606	9,230
      Income taxes payable	26,119	5,320
      Advances received	64,388	50,626
      Deferred revenue	10,085	7,734
      Provision for bonuses	59	4,332
      Provision for directors' bonuses	907	697
      Other	6,752	4,818
      Total current liabilities	117,919	82,760
      Noncurrent liabilities Retirement benefit liability	607	602
      Provision for share awards	687	1,538
      Provision for share awards for directors	--	37
      Asset retirement obligations	254	256
      Other	231	125
      Total noncurrent liabilities	1,782	2,561
      Total liabilities	119,701	85,322
      Net assets Shareholders' equity
      Capital stock	931	931
      Capital surplus	1,359	1,381
      Retained earnings	206,621	232,312
      Treasury shares	(976)	(12,977)
      Total shareholders' equity	207,936	221,647
      Accumulated other comprehensive income
      Valuation difference on available-for-sale securities	602	863
      Foreign currency translation adjustment	1,433	3,042
      Remeasurements of defined benefit plans	(93)	(85)
      Total accumulated other comprehensive income	1,942	3,820
      Subscription rights to shares	21	21
      Total net assets	209,900	225,489
      Total liabilities and net assets	329,601	310,812

   2. Consolidated statement of income and consolidated statement of comprehensive income (Consolidated statement of income)

      (First nine months of the fiscal year)
      		(In millions of yen)
      	Previous (July 1, 2024 thru March 31, 2025)	Current (July 1, 2025 thru March 31, 2026)
      Net sales	168,835	169,539
      Cost of sales	72,035	70,124
      Gross profit	96,800	99,415
      Selling, general and administrative expenses	17,508	21,223
      Operating income	79,291	78,191
      Non-operating income
      Interest income	100	159
      Dividend income	7	8
      Gain on sale of investment securities	--	221
      Foreign exchange gains	--	1,758
      Other	136	130
      Total non-operating income	245	2,279
      Non-operating expenses

      Interest expenses Commission for purchase of treasury shares Foreign exchange losses	12 --4,095	-- 15 --
      Other	33	6
      Total non-operating expenses	4,141	21
      Ordinary income	75,394	80,449
      Income before income taxes	75,394	80,449
      Income taxes-current	25,352	23,735
      Income taxes-deferred	(2,652)	(108)
      Total income taxes	22,700	23,626
      Net income	52,694	56,823
      Net income attributable to owners of parent	52,694	56,823

      (Consolidated statement of comprehensive income)

      (First nine months of the fiscal year)

      Previous (July 1, 2024 thru

      March 31, 2025)

      (In millions of yen)

      Current (July 1, 2025 thru

      March 31, 2026)

      Net income 52,694 56,823 Other comprehensive income

      Valuation difference on available-for-sale securities

      (391) 261

      Foreign currency translation adjustment (1,825) 1,608

      2 8

      Remeasurements of defined benefit plans, net of tax

      Total other comprehensive income (2,214) 1,877

      Comprehensive income 50,479 58,701

      Comprehensive income attributable to owners of parent

      Comprehensive income attributable to non-controlling interests

      50,479 58,701

      -- --

      (3) Consolidated statement of cash flows
      		(In millions of yen)
      	Previous	Current
      	(July 1, 2024 thru	(July 1, 2025 thru
      	March 31, 2025)	March 31, 2026)
      Cash flows from operating activities
      Income before income taxes	75,394	80,449
      Depreciation and amortization	3,349	3,478
      Loss (gain) on sale of investment securities	--	(221)
      Increase (decrease) in allowance for doubtful accounts	(31)	(149)
      Increase (decrease) in provision for bonuses	4,401	4,235
      Increase (decrease) in provision for directors' bonuses	(455)	(210)
      Increase (decrease) in retirement benefit liability	31	(4)
      Increase (decrease) in provision for share awards	(436)	829
      Increase (decrease) in provision for share awards for directors	--	37
      Interest and dividend income	(108)	(168)
      Interest expenses	12	--
      Foreign exchange losses (gains)	3,972	(817)
      Decrease (increase) in notes and accounts receivable-trade	(114)	8,463
      Decrease (increase) in inventories	(16,160)	4,743
      Increase (decrease) in accounts payable-trade	202	(507)
      Increase (decrease) in advances received	4,935	(14,498)
      Other, net	(2,357)	(5,823)
      Sub-total	72,636	79,836
      Interest and dividend income received	99	165
      Interest paid	(11)	--
      Income taxes paid	(28,220)	(43,178)
      Net cash provided by (used in) operating activities	44,503	36,823
      Cash flows from investing activities
      Purchase of property, plant and equipment	(1,880)	(905)
      Purchase of intangible assets	(142)	(222)
      Proceeds from sale of investment securities	--	267
      Payments for guarantee deposits	(2)	(349)
      Net cash provided by (used in) investing activities	(2,025)	(1,210)
      Cash flows from financing activities
      Cash dividends paid	(24,531)	(31,131)
      Purchase of treasury shares	(0)	(12,003)
      Other, net	(27)	(34)
      Net cash provided by (used in) financing activities	(24,558)	(43,169)
      Effect of exchange rate change on cash and cash equivalents	(2,246)	1,495
      Net increase (decrease) in cash and cash equivalents	15,672	(6,060)
      Cash and cash equivalents at beginning of period	38,152	86,087
      Cash and cash equivalents at end of period	53,824	80,027

      (4) Notes to consolidated financial statements

      (Notes on information by business segment)

      Since the Group only has one business segment-the design, manufacture, and sale of inspection and measurement systems-we do not provide information by business segment.

      (Notes on significant changes in the amount of shareholders' equity)

      Pursuant to the resolution passed at the Board of Directors meeting held on August 7, 2025, we purchased 560,600 shares of treasury stock. During the first nine months of the year, treasury shares increased by 12,001 million yen, bringing the total to 12,977 million yen at the end of the period.

      We completed the share buyback pursuant to the above-mentioned resolution on December 15, 2025.

      (Notes on going concern assumption)

      None

      (Additional information)

      (Changes in presentation methods)

      (Change in items on consolidated statement of cash flows)

      From the third quarter of the current fiscal year, "Purchase of treasury shares", which was previously included in "Other" under "Cash flows from financing activities", has been presented as a separate line item due to its increased materiality. To reflect this change, we have restated our consolidated statement of cash flows for the first nine months of the previous fiscal year.

      As a result, the 27 million yen used in the purchase of treasury shares in the first nine months of the previous fiscal year, which was previously presented under "Other" in "Cash flows from financing activities", has been reclassified as (0) million yen under "Purchase of treasury shares" and (27) million yen under "Other" in "Cash flows from financing activities".

      (Revenue recognition)

      Revenue from contracts with customers

      Following is a breakdown of the Group's revenue by major region, the timing of its recognition, and its relation to the Group's main products and services.

      First nine months of the previous fiscal year

      (In millions of yen)

      (July 1, 2024 thru March 31, 2025)
      	Sales of products		Services	Total
      	Semiconductor-related products	Other products
      By country/region
      Japan	11,957	1,860	2,346	16,163
      Korea	25,181	66	3,804	29,051
      Taiwan	46,999	283	8,549	55,832
      Asia (Other)	9,089	2,004	2,707	13,801
      United States of America	32,605	--	11,340	43,946
      Europe	7,734	--	2,303	10,037
      Total	133,568	4,214	31,052	168,835
      By timing of revenue recognition
      Goods transferred at a point in time	122,724	4,115	15,791	142,632
      Services transferred over time	10,843	99	15,260	26,203
      Total	133,568	4,214	31,052	168,835

      (Note) Figures for sales by country/region are based on the location of the customer.

      First nine months of the current fiscal year

      (In millions of yen)

      (July 1, 2025 thru March 31, 2026)
      	Sales of products		Services	Total
      	Semiconductor-related products	Other products
      By country/region
      Japan	16,372	901	3,021	20,295
      Korea	40,597	888	7,699	49,185
      Taiwan	18,077	337	12,986	31,401
      Asia (Other)	14,860	656	2,947	18,463
      United States of America	32,639	27	11,895	44,562
      Europe	2,117	--	3,513	5,630
      Total	124,664	2,811	42,063	169,539
      By timing of revenue recognition
      Goods transferred at a point in time	112,713	2,703	18,924	134,341
      Services transferred over time	11,951	107	23,138	35,197
      Total	124,664	2,811	42,063	169,539

      (Note) Figures for sales by country/region are based on the location of the customer.

3. Supplementary Information

1. Production by category

   Production by category for the first nine months of the fiscal year is as follows.

   (In millions of yen)

   (July 1, 2025 thru March 31, 2026)

   Category	Previous	Current	Year-on-year increase (%)
   Finished goods Semiconductor-related products	164,912	107,473	(34.8)
   Other products	3,912	2,772	(29.1)
   Subtotal	168,825	110,245	(34.7)
   Services	31,052	42,063	35.5
   Total	199,877	152,309	(23.8)

   (Note) Figures shown above are based on sales prices.

2. Sales by category

Sales by category for the first nine months of the fiscal year are as follows.

(In millions of yen)

(July 1, 2025 thru March 31, 2026)