Lasertec : Consolidated Financial Results for the Year Ended June 30, 2025(Japanese GAAP)

August 7, 2025

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

1. ‌Consolidated financial results for the year ended June 30, 2025

   1. ‌Consolidated operating results

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

      Fiscal year ended	Net sales		Operating income		Ordinary income		Net income attributable to owners of parent
      	Million yen	%	Million yen	%	Million yen	%	Million yen	%
      June 30, 2025	251,477	17.8	122,843	51.0	119,444	45.6	84,652	43.3
      June 30, 2024	213,506	39.7	81,375	30.6	82,021	28.8	59,076	28.0

      (Note) Comprehensive income: Year ended June 30, 2025: 83,046 million yen [37.9%]

      Year ended June 30, 2024: 60,216 million yen [28.1%]

      Fiscal year ended	Net income per share	Net income per share, fully diluted	Return on shareholders' equity	Ratio of ordinary income to total assets	Ratio of operating income to net sales
      	Yen	Yen	%	%	%
      June 30, 2025	938.61	937.82	46.9	39.8	48.8
      June 30, 2024	655.05	654.49	45.4	30.2	38.1

      (Reference) Profit/loss on equity method: Year ended June 30, 2025: None Year ended June 30, 2024: None

   2. ‌Consolidated financial position

      	Total assets	Net assets	Equity ratio	Net assets per share
      	Million yen	Million yen	%	Yen
      June 30, 2025	329,601	209,900	63.7	2,327.06
      June 30, 2024	271,288	151,315	55.8	1,677.55

      (Reference) Equity: June 30, 2025: 209,878 million yen June 30, 2024: 151,294 million yen

   3. ‌Consolidated cash flow position

   Fiscal year ended	Cash flow from operating activities	Cash flow from investing activities	Cash flow from financing activities	Cash and cash equivalents at end of period
   	Million yen	Million yen	Million yen	Million yen
   June 30, 2025	77,874	(2,420)	(24,568)	86,087
   June 30, 2024	33,317	(3,571)	(23,145)	38,152

2. ‌Dividends

   Fiscal year ended	Dividend per share					Dividend payment (Total)	Dividend payout ratio (Consolidated)	The ratio of dividend to shareholders' equity (Consolidated)
   	End 1Q	End 2Q	End 3Q	Year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
   June 30, 2024	--	73.00	--	157.00	230.00	20,743	35.1	15.9
   June 30, 2025	--	115.00	--	214.00	329.00	29,672	35.1	16.4
   June 30, 2026 (Forecast)	--	132.00	--	197.00	329.00		49.5

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

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

※ Notes

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

2. 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

3. Number of issued shares (common stock):

(Shares)

1. ‌Operating results

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

   Fiscal year ended	Net sales		Operating income		Ordinary income		Net income
   	Million yen	%	Million yen	%	Million yen	%	Million yen	%
   June 30, 2025	242,119	20.2	120,982	59.9	118,199	50.6	83,687	47.6
   June 30, 2024	201,436	38.0	75,678	32.4	78,474	26.4	56,704	25.1

   Fiscal year ended	Net income per share	Net income per share, fully diluted
   	Yen	Yen
   June 30, 2025	927.91	927.13
   June 30, 2024	628.74	628.21

2. ‌Financial position

   	Total assets	Net assets	Equity ratio	Net assets per share
   	Million yen	Million yen	%	Yen
   June 30, 2025	315,959	198,938	63.0	2,205.52
   June 30, 2024	250,377	139,937	55.9	1,551.39

   (Reference) Equity: June 30, 2025: 198,916 million yen June 30, 2024: 139,916 million yen

   ‌※ This report of financial results is not subject to auditing by certified public accountants.

   ‌※ Cautionary statement for proper use of forecast of financial results and other special notes

   ‌(Cautions about forward-looking statements)‌

   The forecast of financial results provided in this report is based on information available to the company as of the date of announcement and on assumptions it has judged to be reasonable. We make no guarantees about achieving the forecast provided herein. 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 analysts and institutional investors on August 7, 2025. The presentation materials provided 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 2

      2. Overview of financial position 2

      3. Basic policy concerning profit distribution in this fiscal year and the next 3

   2. Status of our Group 5

   3. Basic Policy on Selection of Accounting Principles 6

   4. Consolidated Financial Statements 7

      1. Consolidated balance sheet 7

      2. Consolidated statement of income and consolidated statement of comprehensive income 9

         Consolidated statement of income 9

         Consolidated statement of comprehensive income 10

      3. Consolidated statement of shareholders' equity 11

      4. Consolidated statement of cash flows 13

      5. Notes to consolidated financial statements 14

         (Reference) 17

   5. Non-Consolidated Financial Statements 18

      1. Balance sheet (non-consolidated) 18

      2. Statement of income (non-consolidated) 20

      3. Statement of shareholders' equity (non-consolidated) 21

      4. Notes to non-consolidated financial statements 23

1. Overview of Operating Results and Others

   1. Overview of operating results

      ① Overview of this fiscal year (ended June 2025)

      In the fiscal year ended June 30, 2025, uncertainty in the economic outlook continued to prevail due

      to heightened geopolitical risks and concerns over the impact of policies in major economies.

      In the semiconductor industry, our primary market, AI-related applications, such as AI servers for data centers and high-bandwidth memory (HBM), drove market demand, while demand for semiconductors used in PCs and smartphones remained sluggish. Demand for power semiconductors also remained weak due to stagnation in the electric vehicle market.

      Under these circumstances, our consolidated net sales for the fiscal year ended June 30, 2025, totaled 251,477 million yen (up 17.8% year-on-year). By product segment, semiconductor-related products accounted for 202,965 million yen (up 11.7% year-on-year), other products for 5,552 million yen (up 99.5% year-on-year), and services for 42,959 million yen (up 48.3% year-on-year).

      As for consolidated income for the fiscal year, we recorded 122,843 million yen in operating income (up 51.0% year-on-year), 119,444 million yen in ordinary income (up 45.6% year-on-year), and 84,652 million yen in net income attributable to owners of parent (up 43.3% year-on-year).

      ② Forecast for the next fiscal year (ending June 2026)

      Uncertainty in the global economy is expected to remain high due to geopolitical risks, the impact of

      policies in major economies, and exchange rate fluctuations.

      Under these circumstances, we forecast our consolidated results for the fiscal year ending June 2026 as follows: 200 billion yen in net sales, 85 billion yen in operating income, 85 billion yen in ordinary income, and 60 billion yen in net income attributable to owners of parent.

      In the semiconductor industry, our primary market, with the ongoing pursuit of higher-performance semiconductors and wider device applications, the semiconductor equipment market is expected to grow over the medium to long term.

   2. Overview of financial position

      ① Assets, liabilities, and net assets

      Total assets at the end of the fiscal year amounted to 329,601 million yen, up 58,313 million yen from

      the end of the previous fiscal year. This is mainly due to the 47,934 million-yen increase in cash and deposits and the 9,019 million-yen increase in raw materials and supplies.

      Liabilities at the end of the fiscal year amounted to 119,701 million yen, down 270 million yen from the end of the previous fiscal year. This is mainly due to the 10,037 million-yen decrease in advances received and the 1,908 million-yen decrease in accounts payable-trade despite the 10,216 million-yen increase in income taxes payable and the 1,074 million-yen increase in deferred revenue.

      Shareholders' equity at the end of the fiscal year amounted to 207,936 million yen, up 60,191 million yen from the end of the previous fiscal year. This is mainly because we recorded 84,652 million yen in net income attributable to owners of parent, whereas we paid 24,531 million yen in dividends of surplus.

      Total net assets, which consists of shareholders' equity, accumulated other comprehensive income, and subscription rights to shares, amounted to 209,900 million yen. The capital-to-asset ratio was 63.7%.

      ② Cash flows

      Cash and cash equivalents at the end of this fiscal year amounted to 86,087 million yen, up 47,934

      million yen from the end of the previous fiscal year. Following is the status of cash flows and their contributing factors during this fiscal year.

      Net cash provided by operating activities amounted to 77,874 million yen (up 133.7% from the previous fiscal year). This is mainly because the sum of cash receipts, such as the 119,444 million yen in income before income taxes, exceeded the sum of cash payments, such as the 29,013 million

      yen in income tax paid and the 9,679 million yen used in the purchase of inventories.

      Net cash used in investing activities amounted to 2,420 million yen (down 32.2% from the previous fiscal year). This is mainly due to the 2,113 million yen used for the purchase of property, plant and equipment.

      Net cash used in financing activities amounted to 24,568 million yen (up 6.1% from the previous fiscal year). This is mainly because of the 24,531 million yen used for cash dividends paid.

      Indexes associated with cash flows for the past few years are provided below:

      	Year ended June 2022	Year ended June 2023	Year ended June 2024	Year ended June 2025
      Equity ratio (%)	40.7	40.2	55.8	63.7
      Equity ratio on market price basis (%)	815.3	716.5	1,199.8	531.1
      Ratio of interest-bearing debts to cash flows (year)	--	0.1	--	--
      Interest coverage ratio (times)	--	1,452.7	3,194.8	7,012.4

      - Equity ratio:	Equity divided by total assets
      - Equity ratio on market price basis:	Market capitalization divided by total assets
      - Ratio of interest-bearing debts to cash flows:	Interest-bearing debts divided by cash flows
      - Interest coverage ratio:	Cash flows divided by paid interests
      (Note 1)	Each index is calculated based on consolidated financial results.
      (Note 2)	Market capitalization is calculated based on the total number of issued shares minus the number of treasury shares.
      (Note 3)	Cash flows denote the cash flows from operating activities on the consolidated statement of cash flows.
      (Note 4)	Interest-bearing debts denote all interest-bearing liabilities on the consolidated balance sheet.
      (Note 5)	The ratio of interest-bearing debts to cash flows and the interest coverage ratio for the fiscal year ending June 2022 are not listed because the operating cash flow was negative for this fiscal year.
      (Note 6)	The ratio of interest-bearing debts to cash flows for the fiscal years ending June 2024 and June 2025 are not listed because there were no interest-bearing debts during these fiscal years.

   3. Basic policy concerning profit distribution in this fiscal year and the next

   Our basic policy concerning profit distribution is to flexibly pay dividends based on performance, with a consolidated dividend payout ratio of 35% being the guideline. Our policy concerning retained earnings is to use them effectively for new technology/product R&D, for infrastructure investment and operating capital in line with business growth, and for hiring good talent so that we can further improve the company's quality and establish a solid foundation for long-term sustainable growth.

   Based on the policy described herein, we are planning to pay a year-end dividend of 214 yen per share for this fiscal year with a 35.1% dividend payout ratio.

   In the next fiscal year, we plan to pay 329 yen per share in dividends (132 yen as an interim dividend and 197 yen as a year-end dividend) based on the current forecast of financial results.

   As announced today (August 7, 2025) in our "Notice Regarding Share Buyback", we resolved at the Board of Directors meeting held on August 7, 2025, to repurchase up to 1 million shares of our own stock for a total amount of up to 12 billion yen for the purpose of increasing enterprise value and shareholder returns.

   We will consider exercising share buybacks flexibly as a means of profit returns, in addition to our dividend policy hitherto adopted, while taking into account the needs for growth investment and working capital as well as stock price.

2. Status of our Group

   The main business of our Group consists of the design and manufacture of inspection and measurement equipment that uses optical technology and the sale of the equipment and related services. Our products are classified as either semiconductor-related products or other products.

   Among the operations described above, Lasertec Corporation conducts the design and manufacture of semiconductor-related products and other products. Sales operations in North America and Europe are executed by Lasertec U.S.A., Inc., a consolidated subsidiary. Lasertec Corporation conducts sales in Japan and Asia.

   Lasertec U.S.A., Inc., performs services in North America and Europe. Lasertec Korea Corp., Lasertec Taiwan, Inc., and Lasertec China Co., Ltd., all of which are consolidated subsidiaries, provide services in Korea, Taiwan, and China, respectively. Lasertec Singapore Pte. Ltd., a consolidated subsidiary, performs services in Singapore and Malaysia. Lasertec Corporation provides services in Japan and the remaining Asian countries.

   The operations of Lasertec Corporation and its related parties are described below in a business flow chart.

   
   
   
3. Basic Policy on Selection of Accounting Principles

   We will continue to use the Japanese GAAP to compile consolidated financial statements for the time being to retain comparability with the results of previous fiscal years and those of other companies. With respect to the adoption of IFRS, we will carefully consider various factors in Japan and abroad and make a proper decision.

4. Consolidated Financial Statements
   1. Consolidated balance sheet

      (In millions of yen)

      Previous (June 30, 2024)		Current (June 30, 2025)
      Assets
      Current assets
      Cash and deposits	38,152	86,087
      Notes and accounts receivable-trade, and contract assets	22,905	24,790
      Work in process	126,087	123,672
      Raw materials and supplies	36,314	45,333
      Other	8,573	7,145
      Allowance for doubtful accounts	(53)	(167)
      Total current assets	231,978	286,861
      Noncurrent assets
      Property, plant and equipment
      Buildings and structures	14,456	15,162
      Accumulated depreciation	(3,594)	(4,164)
      Buildings and structures, net	10,862	10,998
      Machinery, equipment and vehicles	6,082	9,759
      Accumulated depreciation	(3,849)	(5,260)
      Machinery, equipment and vehicles, net	2,233	4,499
      Tools, furniture and fixtures	3,585	4,224
      Accumulated depreciation	(2,507)	(2,795)
      Tools, furniture and fixtures, net	1,078	1,428
      Leased assets	101	209
      Accumulated depreciation	(30)	(45)
      Leased assets, net	71	163
      Land	13,146	13,146
      Construction in progress	776	50
      Total property, plant and equipment	28,168	30,285
      Intangible assets	4,245	2,451
      Investments and other assets
      Investment securities	1,320	1,007
      Retirement benefit assets	72	103
      Deferred tax assets	5,209	8,371
      Other	292	521
      Total investments and other assets	6,895	10,003
      Total noncurrent assets	39,309	42,740
      Total assets	271,288	329,601

      (In millions of yen)

      Previous (June 30, 2024)		Current (June 30, 2025)
      Liabilities
      Current liabilities
      Accounts payable-trade	11,514	9,606
      Income taxes payable	15,903	26,119
      Advances received	74,426	64,388
      Deferred revenue	9,011	10,085
      Provision for bonuses	177	59
      Provision for directors' bonuses	1,060	907
      Other	6,191	6,752
      Total current liabilities	118,284	117,919
      Noncurrent liabilities
      Retirement benefit liability	492	607
      Provision for share awards	874	687
      Asset retirement obligations	248	254
      Other	72	231
      Total noncurrent liabilities	1,688	1,782
      Total liabilities	119,972	119,701
      Net assets
      Shareholders' equity
      Capital stock	931	931
      Capital surplus	1,290	1,359
      Retained earnings	146,500	206,621
      Treasury shares	(976)	(976)
      Total shareholders' equity	147,744	207,936
      ‌Accumulated other comprehensive income
      Valuation difference on available-for-sale securities	828	602
      Foreign currency translation adjustment	2,748	1,433
      Remeasurements of defined benefit plans	(27)	(93)
      Total accumulated other comprehensive income	3,549	1,942
      Subscription rights to shares	21	21
      Total net assets	151,315	209,900
      Total liabilities and net assets	271,288	329,601

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

      (In millions of yen)

      Previous (July 1, 2023 thru June 30, 2024)		Current (July 1, 2024 thru June 30, 2025)
      Net sales	213,506	251,477
      Cost of sales	106,026	103,220
      Gross profit	107,479	148,256
      Selling, general and administrative expenses	26,103	25,413
      Operating income	81,375	122,843
      Non-operating income
      Interest income	74	157
      Dividend income	39	14
      Foreign exchange gains	536	--
      Other	26	152
      Total non-operating income	676	324
      Non-operating expenses
      Interest expenses	10	12
      Foreign exchange losses	--	3,676
      Other	20	34
      Total non-operating expenses	30	3,723
      Ordinary income	82,021	119,444
      Income before income taxes	82,021	119,444
      Income taxes-current	24,127	37,791
      Income taxes-deferred	(1,182)	(2,999)
      Total income taxes	22,945	34,791
      Net income	59,076	84,652
      Net income attributable to owners of parent	59,076	84,652

      ‌(Consolidated statement of comprehensive income)

      (In millions of yen)

      Previous (July 1, 2023 thru June 30, 2024)		Current (July 1, 2024 thru June 30, 2025)
      Net income	59,076	84,652
      Other comprehensive income
      Valuation difference on available-for-sale securities	(212)	(225)
      Foreign currency translation adjustment	1,379	(1,315)
      Remeasurements of defined benefit plans, net of tax	(26)	(65)
      Total other comprehensive income	1,139	(1,606)
      Comprehensive income	60,216	83,046
      Comprehensive income attributable to owners of parent	60,216	83,046
      Comprehensive income attributable to non-controlling interests	--	--

   3. ‌Consolidated statement of shareholders' equity

      Previous fiscal year (from July 1, 2023, to June 30, 2024)

      (In millions of yen)
      	Shareholders' equity
      	Capital stock	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
      Balance at beginning of period	931	1,207	105,551	(977)	106,712
      Changes during period
      Dividends of surplus			(18,127)		(18,127)
      Net income attributable to owners of parent			59,076		59,076
      Purchase of treasury shares				(0)	(0)
      Disposal of treasury shares		83		0	84
      Net changes in items other than shareholders' equity
      Total changes during period	--	83	40,948	0	41,032
      Balance at end of period	931	1,290	146,500	(976)	147,744

      	Accumulated other comprehensive income				Subscription rights to shares	Total net assets
      	Valuation difference on available-for- sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
      Balance at beginning of period	1,041	1,369	(1)	2,409	21	109,142
      Changes during period
      Dividends of surplus						(18,127)
      Net income attributable to owners of parent						59,076
      Purchase of treasury shares						(0)
      Disposal of treasury shares						84
      Net changes in items other than shareholders' equity	(212)	1,379	(26)	1,139	--	1,139
      Total changes during period	(212)	1,379	(26)	1,139	--	42,172
      Balance at end of period	828	2,748	(27)	3,549	21	151,315

      Current fiscal year (from July 1, 2024, to June 30, 2025)

      (In millions of yen)
      	Shareholders' equity
      	Capital stock	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
      Balance at beginning of period	931	1,290	146,500	(976)	147,744
      Changes during period
      Dividends of surplus			(24,531)		(24,531)
      Net income attributable to owners of parent			84,652		84,652
      Purchase of treasury shares				(0)	(0)
      Disposal of treasury shares		69		0	69
      Net changes in items other than shareholders' equity
      Total changes during period	--	69	60,121	0	60,191
      Balance at end of period	931	1,359	206,621	(976)	207,936

      	Accumulated other comprehensive income				Subscription rights to shares	Total net assets
      	Valuation difference on available-for-sale securities	Foreign currency translation adjustment	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
      Balance at beginning of period	828	2,748	(27)	3,549	21	151,315
      Changes during period
      Dividends of surplus						(24,531)
      Net income attributable to owners of parent						84,652
      Purchase of treasury shares						(0)
      Disposal of treasury shares						69
      Net changes in items other than shareholders' equity	(225)	(1,315)	(65)	(1,606)	--	(1,606)
      Total changes during period	(225)	(1,315)	(65)	(1,606)	--	58,584
      Balance at end of period	602	1,433	(93)	1,942	21	209,900

   4. ‌Consolidated statement of cash flows

      (In millions of yen)

      Previous (July 1, 2023 thru June 30, 2024)		Current (July 1, 2024 thru June 30, 2025)
      ‌Cash flows from operating activities
      Income before income taxes	82,021	119,444
      Depreciation and amortization	4,726	4,676
      Increase (decrease) in allowance for doubtful accounts	14	114
      Increase (decrease) in provision for bonuses	(114)	(91)
      Increase (decrease) in provision for directors' bonuses	153	(152)
      Increase (decrease) in retirement benefit liability	(1)	15
      Increase (decrease) in provision for share awards	581	(167)
      Interest and dividend income	(113)	(172)
      Interest expenses	10	12
      Foreign exchange losses (gains)	745	3,724
      Decrease (increase) in notes and accounts receivable-trade	(685)	(2,862)
      Decrease (increase) in inventories	(9,369)	(9,679)
      Increase (decrease) in accounts payable-trade	(1,645)	(1,789)
      Increase (decrease) in advances received	(23,252)	(8,046)
      Other, net	4,400	1,712
      Sub-total	57,471	106,738
      Interest and dividend income received	113	160
      Interest paid	(10)	(11)
      Income taxes paid	(24,257)	(29,013)
      Net cash provided by (used in) operating activities	33,317	77,874
      ‌Cash flows from investing activities
      Purchase of property, plant and equipment	(2,970)	(2,113)
      Proceeds from sale of property, plant and equipment	--	6
      Purchase of intangible assets	(562)	(210)
      Payments for guarantee deposits	(38)	(102)
      Net cash provided by (used in) investing activities	(3,571)	(2,420)
      ‌Cash flows from financing activities
      Net increase (decrease) in short-term borrowings	(5,000)	--
      Cash dividends paid	(18,127)	(24,531)
      Other, net	(17)	(36)
      Net cash provided by (used in) financing activities	(23,145)	(24,568)
      Effect of exchange rate change on cash and cash equivalents	1,778	(2,951)
      Net increase (decrease) in cash and cash equivalents	8,378	47,934
      Cash and cash equivalents at beginning of period	29,773	38,152
      Cash and cash equivalents at end of period	38,152	86,087

   5. ‌Notes to consolidated financial statements

      (Notes on going concern assumption)

      None

      (Notes on changes in presentation methods)

      - Consolidated balance sheet

      In the previous fiscal year, "accounts receivable-other" was listed as an independent item of "current assets", but in this fiscal year, it is included in "other current assets" because it is no longer a significant amount. The balance sheet for the previous fiscal year is restated to reflect this change.

      As a result, the "other current assets" for the previous fiscal year's statement now amounts to 8,573 million yen, which is the total of 248 million yen in "accounts receivable-other" and 8,324 million yen in "other current assets" previously listed in the balance sheet.

      In the previous fiscal year, "liabilities related to paid supply transactions" was listed as an independent item of "current liabilities", but in this fiscal year, it is included in "other current liabilities" because it is no longer a significant amount. The balance sheet for the previous fiscal year is restated to reflect this change.

      As a result, the "other current liabilities" for the previous fiscal year's statement now amounts to 6,191 million yen, which is the total of 1 million yen in "liabilities related to paid supply transactions" and 6,189 million yen in "other current liabilities" previously listed in the balance sheet.

      (Notes on significant subsequent events)

      • Share buyback

        We resolved at the Board of Directors meeting held on August 7, 2025, as follows on the matters related to share buyback pursuant to Article 156 of the Companies Act, as applied pursuant to Article 165, Paragraph 3 of the Companies Act.

        1. Purpose of the share buyback

           Our priority of capital allocation is to provide working capital for operations to meet market demand and make investments for medium- to long-term growth. Additionally, our guideline for dividend payout ratio is 35% on a consolidated basis.

           In this background, we have decided to exercise a share buyback for the purpose of increasing enterprise value and shareholder returns after comprehensively considering various factors including business environment, growth opportunities, current capital efficiency, financial health, and stock price.

           We are considering using the treasury shares to be repurchased in this buyback for future M&As and other initiatives that will contribute to increasing our enterprise value.

           We will consider exercising share buybacks flexibly as a means of profit returns, in addition to our dividend policy hitherto adopted, while taking into account the needs for growth investment and working capital as well as stock price.

        2. Details of share buyback

      (1)	Class of shares subject to buyback	Common stock
      (2)	Total number of shares to be repurchased	Up to 1,000,000 shares (1.1% of the total number of issued shares, excluding

      		treasury shares)
      (3)	Total amount of buyback	Up to 12 billion yen
      (4)	Period of buyback	From August 8, 2025 to December 31, 2025
      (5)	Method of buyback	Market buying at Tokyo Stock Exchange

      (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.

      Previous fiscal year (from July 1, 2023, to June 30, 2024)

      (In millions of yen)
      (July 1, 2023 thru June 30, 2024)
      	Sales of products		Services	Total
      	Semiconductor-related products	Other products
      By country/region
      Japan	10,829	972	2,540	14,342
      Korea	48,803	971	2,760	52,535
      Taiwan	62,001	602	6,507	69,111
      Asia (Other)	9,992	164	2,505	12,662
      United States of America	31,155	72	12,840	44,068
      Europe	18,969	--	1,816	20,786
      Total	181,752	2,783	28,970	213,506
      By timing of revenue recognition
      Goods transferred at a point in time	167,810	2,714	17,253	187,777
      Services transferred over time	13,942	69	11,717	25,728
      Total	181,752	2,783	28,970	213,506

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

      Current fiscal year (from July 1, 2024, to June 30, 2025)

      (In millions of yen)
      (July 1, 2024 thru June 30, 2025)
      	Sales of products		Services	Total
      	Semiconductor-related products	Other products
      By country/region
      Japan	15,393	2,072	3,221	20,687
      Korea	48,203	98	5,343	53,645
      Taiwan	51,545	1,152	12,571	65,268
      Asia (Other)	17,783	2,143	3,689	23,615
      United States of America	53,208	86	14,644	67,938
      Europe	16,832	--	3,488	20,320
      Total	202,965	5,552	42,959	251,477
      By timing of revenue recognition
      Goods transferred at a point in time	188,278	5,414	21,079	214,771
      Services transferred over time	14,686	138	21,880	36,705
      Total	202,965	5,552	42,959	251,477

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

      (Reference)
      1. Production by category

         Production by category for the fiscal year is as follows.

         (In millions of yen)

         Category	(July 1, 2024 thru June 30, 2025)
         	Production	Year-on-year comparison (%)
         Finished goods
         Semiconductor-related products	210,450	(3.8)
         Other products	5,016	20.1
         Sub-total	215,466	(3.3)
         Services	42,959	48.3
         Total	258,426	2.6

         (Note)

         1. Numbers shown above are based on sales prices.

      2. Orders and backlog by category

         Orders and backlog by category for the fiscal year are as follows.

         (In millions of yen)

         Category	(July 1, 2024 thru June 30, 2025)		(June 30, 2025)
         	Orders	Year-on-year comparison (%)	Backlog	Year-on-year comparison (%)
         Finished goods
         Semiconductor-related products	55,814	(76.3)	297,178	(33.1)
         Other products	3,921	63.3	4,561	(26.3)
         Sub-total	59,736	(74.9)	301,740	(33.0)
         Services	45,489	30.9	14,204	21.7
         Total	105,226	(61.4)	315,945	(31.6)

         (Notes)

         1. Numbers shown above are based on sales prices.

         2. Orders reflect adjustments for cancellations and other changes.

      3. Sales by category

      Sales by category for the fiscal year are as follows.

      (In millions of yen)

      Category	(July 1, 2024 thru June 30, 2025)
      	Sales	Year-on-year comparison (%)
      Finished goods
      Semiconductor-related products	202,965	11.7
      Other products	5,552	99.5
      Sub-total	208,517	13.0
      Services	42,959	48.3
      Total	251,477	17.8

5. ‌Non-Consolidated Financial Statements
   1. ‌Balance sheet (non-consolidated)

      (In millions of yen)

      	Previous (June 30, 2024)	Current (June 30, 2025)
      Assets
      Current assets
      Cash and deposits	26,531	77,503
      Notes and accounts receivable-trade and contract assets	25,859	25,824
      Work in process	126,901	124,286
      Raw materials and supplies	30,011	37,104
      Other	4,458	13,496
      Allowance for doubtful accounts	(39)	(139)
      Total current assets	213,723	278,074
      Noncurrent assets
      ‌Property, plant, and equipment
      Buildings	10,401	10,537
      Structures	177	214
      Machinery, equipment and vehicles	2,233	4,499
      Tools, furniture and fixtures	908	1,033
      Leased assets	71	163
      Land	13,146	13,146
      Construction in progress	712	40
      Total property, plant, and equipment	27,652	29,635
      Intangible assets	4,236	2,437
      Investments and other assets
      Investment securities	1,320	1,007
      Stocks of subsidiaries and affiliates	155	155
      Deferred tax assets	3,133	4,340
      Other	154	309
      ‌Total investments and other assets	4,764	5,812
      ‌Total noncurrent assets	36,653	37,884
      ‌Total assets	250,377	315,959

      (In millions of yen)

      Previous (June 30, 2024)		Current (June 30, 2025)
      Liabilities
      Current liabilities
      Accounts payable-trade	12,973	9,815
      Income taxes payable	15,371	25,710
      Advances received	66,083	64,068
      Deferred revenue	8,967	10,018
      Provision for bonuses	177	59
      Provision for directors' bonuses	1,060	907
      Other	4,559	5,206
      Total current liabilities	109,192	115,786
      Noncurrent liabilities
      Provision for retirement benefits	452	471
      Provision for share awards	502	393
      Asset retirement obligations	219	219
      Other	72	149
      Total noncurrent liabilities	1,246	1,234
      Total liabilities	110,439	117,021
      Net Assets
      Shareholders' equity
      Capital stock	931	931
      Capital surplus
      Legal capital surplus	1,080	1,080
      Other capital surplus	210	279
      Total capital surplus	1,290	1,359
      Retained earnings
      Legal retained earnings	159	159
      Other retained earnings
      General reserve	9,212	9,212
      Retained earnings brought forward	128,471	187,628
      Total retained earnings	137,842	196,999
      Treasury shares	(976)	(976)
      Total shareholders' equity	139,087	198,313
      Valuation and translation adjustments
      ‌Valuation difference on available-for-sale securities	828	602
      ‌Total valuation and translation adjustments	828	602
      ‌Subscription rights to shares	21	21
      Total net assets	139,937	198,938
      Total liabilities and net assets	250,377	315,959

   2. ‌Statement of income (non-consolidated)

      (In millions of yen)

      Previous (July 1, 2023 thru June 30, 2024)		Current (July 1, 2024 thru June 30, 2025)
      Net sales	201,436	242,119
      Cost of sales	102,029	98,725
      Gross profit	99,407	143,394
      Selling, general and administrative expenses	23,728	22,411
      Operating income	75,678	120,982
      Non-operating income
      Interest income	5	48
      Dividend income	39	22
      Foreign exchange gains	2,752	--
      Other	25	151
      Total non-operating income	2,822	221
      Non-operating expenses
      Interest expenses	10	12
      Foreign exchange losses	--	2,962
      Other	17	29
      Total non-operating expenses	27	3,004
      Ordinary income	78,474	118,199
      Income before income taxes	78,474	118,199
      Income taxes-current	21,806	35,631
      Income taxes-deferred	(36)	(1,119)
      Total income taxes	21,769	34,511
      Net income	56,704	83,687

   3. ‌Statement of shareholders' equity (non-consolidated)

      Previous fiscal year (from July 1, 2023, to June 30, 2024)

      (In millions of yen)

      	Shareholders' equity
      	Capital stock	Capital surplus			Retained earnings
      		Legal capital surplus	Other capital surplus	Total capital surplus	Legal retained earnings	Other retained earnings		Total retained earnings
      						General reserve	Retained earnings brought forward
      Balance at beginning of period	931	1,080	126	1,207	159	9,212	89,894	99,265
      Changes during period
      Dividends of surplus							(18,127)	(18,127)
      Net income							56,704	56,704
      Purchase of treasury shares
      Disposal of treasury shares			83	83
      Net changes in items other than shareholders' equity
      Total changes during period	--	--	83	83	--	--	38,576	38,576
      Balance at end of period	931	1,080	210	1,290	159	9,212	128,471	137,842

      	Shareholders' equity		Valuation and translation adjustments	Subscription rights to shares	Total net assets
      	Treasury shares	Total shareholders' equity	Valuation difference on available-for-sale securities
      Balance at beginning of period	(977)	100,426	1,041	21	101,489
      Changes during period
      Dividends of surplus		(18,127)			(18,127)
      Net income		56,704			56,704
      Purchase of treasury shares	(0)	(0)			(0)
      Disposal of treasury shares	0	84			84
      Net changes in items other than shareholders' equity			(212)	--	(212)
      Total changes during period	0	38,660	(212)	--	38,447
      Balance at end of period	(976)	139,087	828	21	139,937

      Current fiscal year (from July 1, 2024, to June 30, 2025)

      (In millions of yen)

      	Shareholders' equity
      	Capital stock	Capital surplus			Retained earnings
      		Legal capital surplus	Other capital surplus	Total capital surplus	Legal retained earnings	Other retained earnings		Total retained earnings
      						General reserve	Retained earnings brought forward
      Balance at beginning of period	931	1,080	210	1,290	159	9,212	128,471	137,842
      Changes during period
      Dividends of surplus							(24,531)	(24,531)
      Net income							83,687	83,687
      Purchase of treasury shares
      Disposal of treasury shares			69	69
      Net changes in items other than shareholders' equity
      Total changes during period	--	--	69	69	--	--	59,156	59,156
      Balance at end of period	931	1,080	279	1,359	159	9,212	187,628	196,999

      	Shareholders' equity		Valuation and translation adjustments	Subscription rights to shares	Total net assets
      	Treasury shares	Total shareholders' equity	Valuation difference on available-for-sale securities
      Balance at beginning of period	(976)	139,087	828	21	139,937
      Changes during period
      Dividends of surplus		(24,531)			(24,531)
      Net income		83,687			83,687
      Purchase of treasury shares	(0)	(0)			(0)
      Disposal of treasury shares	0	69			69
      Net changes in items other than shareholders' equity			(225)	--	(225)
      Total changes during period	0	59,226	(225)	--	59,000
      Balance at end of period	(976)	198,313	602	21	198,938

   4. Notes to non-consolidated financial statements

(Notes on going concern assumption) None