August 7, 2025
Agenda Results of Fiscal Year Ended June 2025 (FY2025)
Hisashi Yokokawa Executive Officer & CFO
Tetsuya Sendoda
Representative Director, President & CEO
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Agenda Results of Fiscal Year Ended June 2025 (FY2025)
Hisashi Yokokawa Executive Officer & CFO
Future Outlook and Forecast for Fiscal Year Ending June 2026 (FY2026)
Tetsuya Sendoda
Representative Director, President & CEO
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Results in Perspective
Net sales and profits achieved record highs.
In millions of yen
FY2023 | FY2024 | FY2025 | YoY (vs FY2024) | |||
Forecast August 2024 | ||||||
Net sales | 152,832 | 213,506 | 240,000 | 251,477 | +17.8% | |
Gross profit | 84,014 | 107,479 | - | 148,256 | +37.9% | |
GP margin | 55.0% | 50.3% | - | 59.0% | - | |
Operating income | 62,287 | 81,375 | 104,000 | 122,843 | +51.0% | |
OP margin | 40.8% | 38.1% | 43.3% | 48.8% | - | |
Net income | 46,164 | 59,076 | 74,000 | 84,652 | +43.3% | |
Orders | 186,562 | 272,768 | - | 105,226 | (61.4)% | |
Backlog | 402,933 | 462,195 | - | 315,945 | (31.6)% | |
R&D expenses | 10,977 | 12,165 | 12,000 | 11,677 | (4.0)% | |
R&D percentage of sales | 7.2% | 5.7% | 5.0% | 4.6% | - | |
Capital expenditure | 23,141 | 2,533 | 5,200 | 5,037 | +98.9% | |
Depreciation and amortization | 3,486 | 4,726 | 4,300 | 4,676 | (1.0)% | |
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Actual exchange rate: 148 yen/USD 3
Sales and Orders by Product
Sales In billions of yen 251.4 | ||||
213.5 | 42.9 5.5 | |||
28.9 2.7 | ||||
37.4 | ||||
26.0 | ||||
50.6 | ||||
57.3 | ||||
114.8 | ||||
98.2 | ||||
FY2024 FY2025 | ||||
Orders decreased significantly YoY, dragged by sluggish orders for the ACTIS series.
Orders
In billions of yen
272.7
34.7
2.4
44.1
143.3
48.1
45.4
3.9
105.2
21.0
45.3
(10.5)
FY2024 FY2025
Services
Other products Semiconductor-related products (excluding MATRICS & ACTIS)
MATRICS ACTIS
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Results in Perspective (Quarterly)
Net sales and profits increased significantly YoY.
In millions of yen
FY2024 | FY2025 | YoY (vs FY24Q4) | QoQ (vs FY25Q3) | |||||
Q4 | Q1 | Q2 | Q3 | Q4 | ||||
Net sales | 56,303 | 36,737 | 92,230 | 39,866 | 82,641 | +46.8% | +107.3% | |
Gross profit | 30,667 | 21,094 | 53,291 | 22,414 | 51,456 | +67.8% | +129.6% | |
GP margin | 54.5% | 57.4% | 57.8% | 56.2% | 62.3% | - | - | |
Operating income | 23,265 | 15,922 | 47,739 | 15,629 | 43,551 | +87.2% | +178.7% | |
OP margin | 41.3% | 43.3% | 51.8% | 39.2% | 52.7% | - | - | |
Net income | 17,554 | 8,930 | 34,387 | 9,375 | 31,958 | +82.1% | +240.9% | |
R&D expenses | 4,259 | 2,171 | 2,143 | 3,261 | 4,101 | (3.7)% | +25.7% | |
R&D percentage of sales | 7.6% | 5.9% | 2.3% | 8.2% | 5.0% | - | - | |
Capital expenditure | 1,099 | 298 | 3,828 | 337 | 572 | (47.9)% | +69.8% | |
Depreciation and amortization | 1,251 | 965 | 1,083 | 1,300 | 1,327 | +6.1% | +2.1% | |
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Sales by Product Category (Quarterly)
Sales of semiconductor-related products totaled JPY 69.3 billion, and service revenues totaled JPY 11.9 billion.
In billions of yen
92.2
82.6
47.3 47.6
62.2
54.5
56.3
46.0
36.7
77.3
39.8
69.3
Semiconductor-related products
41.7
39.2
25.6
30.4
0.1 0.7
1.3
0.5
1.0
2.6
0.5
1.3
Other products
5.3
7.6
6.2
9.7
9.9
12.2
8.8
11.9
Services
Q1 FY2024
Q2 Q3 Q4 Q1 FY2025
Q2 Q3 Q4
6
6
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Sales by Region (Quarterly)
In billions of yen
47.3 47.6
1.4 2.7
7.3 9.8
7.2
62.2
7.4
27.8
56.3
2.6
7.5
14.4
4.6
36.7
2.9
92.2
6.1
11.1
41.7
5.1
39.8
7.1
5.9
82.6
4.5
24.5
9.4
9.8
Japan Korea
Taiwan
Asia (other)
28.0
1.5
3.4
5.4
4.6
18.4
4.6
19.2
1.8
3.7
2.1
18.4
8.5
11.9
8.4
3.0
9.2
1.1
20.5
7.5
5.6
5.5
14.1
1.3
23.9
10.2
U.S.
Europe
Q1
FY2024
Q2 Q3 Q4 Q1
FY2025
Q2 Q3 Q4
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Balance Sheet (Quarterly)
Cash and deposits increased JPY 32.2 billion QoQ. Net assets amounted to JPY 209.9 billion.
Assets
In billions of yen
288.3 299.3
329.6
Liabilities and Net Assets
In billions of yen
288.3 299.3
329.6
64.3
Advances received
271.2 261.2
26.8
53.8
86.0
Cash and deposits
271.2 261.2
Accounts payable-
38.1
22.9
162.4
8.5
28.1
11.1
30.6
14.0
171.5
5.8
27.8
11.2
47.3
163.5
8.1
31.1
11.3
22.0
174.4
6.5
30.5
11.9
24.7
169.0
6.9
30.2
12.4
Notes and accounts receivable-trade
Inventories
Other current assets Property, plant and equipment
Other non-current
74.4
11.5
32.3
1.6
151.3
75.6
11.5
28.7
1.4
143.9
51.6
18.4
37.0
1.3
179.8
77.9
11.6
31.1
1.3
177.3
9.6
43.9
1.7
209.9
trade
Other current liabilities
Non-current liabilities
Net assets
Q4 FY2024
Q1 FY2025
Q2 Q3
Q4 assets
Q4 FY2024
Q1 FY2025
Q2 Q3 Q4
8
8
8
Cash Flows (Quarterly)
Cash inflow from operating activities amounted to JPY 33.3 billion.
(1.2) (1.5)
(0.6) (0.3) (1.3)(0.0)
In billions of yen | FY2024 | FY2025 | ||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | |||
Cash on hand | 42.1 | 30.6 | 29.7 | 38.1 | 30.6 | 26.8 | 53.8 | 86.0 | ||
Operating CF Investing CF Financing CF 38.5 38.2 14.5 13.2 (1.5) | 33.3 32.9 | |||||||||
(0.0) (0.3) | ||||||||||
(6.5)
(1.2)
(0.3)
(1.4) (0.2)
(15.0)
(4.1) (10.0) (10.3)
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Other Key Indicators
R&D expenditure and capital expenditure were made as planned. The total number of employees reached 1,163 at the end of the fiscal year.
1,163
R&D Expenses, Capital Expenditure, and others Number of Employees*2
4.1
In billions of yen
R&D expenses
497
582
*1
People
4.2
Capital expenditure Depreciation and amortization
3.8
2.1 2.1
3.2
445
483
928
1,017
1,079
516
647
Overseas
1.01.2 0.9
0.2
1.3
1.0
0.3
1.3
0.5
538
Japan (HQ)
Q4 FY2024
Q1 FY2025
Q2 Q3
H1
FY2024
H2 H1 H2
479
FY2025
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Q4
*1. Including intangible assets *2. Not including board members 10
Topics: Award and New Product
April 1, 2025 July 11, 2025
URASHIMA wins the Laser Society of Japan's excellent product award
For enabling high-sensitivity, high-accuracy inspection, bringing innovation, and contributing to the industry.
EUV Pellicle Inspection System PELMIS EPM200
Supporting inspection of carbon nanotube (CNT) pellicles
Detection of particles on the surface of CNT pellicles
Automatic classification of whether particles are on the front or back side of pellicles
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AgendaResults of Fiscal Year Ended June 2025 (FY2025)
Hisashi Yokokawa Executive Officer & CFO
Future Outlook and Forecast for Fiscal Year Ending June 2026 (FY2026)Tetsuya Sendoda
Representative Director, President & CEO
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Business Environment & Growth DriversWhere semiconductor device makers stand
N2 production is expected to start in CY2025
Investment in power semiconductor-related fields remains slow
Investment in AI-related fields is robust
Growth drivers during our mid-term business plan (July 2024 to June 2030)
The projected growth of the semiconductor market to USD 1 trillion in 2030
The construction/expansion of wafer fabs by device makers
The progress of miniaturization/design nodes leading to:
The expanded use of ACTIS series in wafer fabs and an increase in EUV mask layers
Increased demand for ACTIS A300, driven by the development of next-generation processes using High-NA EUV lithography
Expanded use of EUV lithography and new architectures for advanced memory devices
The recovery of the EV market bringing the resumption of power semiconductor-related capital investment
The expansion of our service business due to a larger installed base
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FY2026 Forecast
In millions of yen | ||||||
FY2024 | FY2025 | FY2026 Forecast | YoY (vs FY2025) | |||
Net sales | 213,506 | 251,477 | 200,000 | (20.5)% | ||
Semiconductor-related products | 181,752 | 202,965 | 149,500 | (26.3)% | ||
Other products | 2,783 | 5,552 | 2,500 | (55.0)% | ||
Services | 28,970 | 42,959 | 48,000 | +11.7% | ||
Operating income | 81,375 | 122,843 | 85,000 | (30.8)% | ||
OP margin | 38.1% | 48.8% | 42.5% | - | ||
Net income | 59,076 | 84,652 | 60,000 | (29.1)% | ||
R&D expenses | 12,165 | 11,677 | 13,000 | +11.3% | ||
R&D percentage of sales | 5.7% | 4.6% | 6.5% | - | ||
Capital expenditure | 2,533 | 5,037 | 2,700 | (46.4)% | ||
Depreciation and amortization | 4,726 | 4,676 | 4,300 | (8.1)% | ||
Number of employees | 1,017 | 1,163 | 1,345 | +182 | ||
Japan | 479 | 516 | 563 | +47 | ||
Overseas | 538 | 647 | 782 | +135 | ||
We expect sales and profits to fall in FY2026 due to the decrease in orders.
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Assumed exchange rate: 135yen/USD 14
FY2026 Forecast - Operating Income Compared with FY2025
We expect operating income to fall by JPY 37.8 billion YoY.
In billions of yen
FY2025
Operating income (actual)
122.8
Decrease in gross profit
Increase in R&D expenses
Decrease in other SG&A
FY2026
Operating income (forecast)
(36.8) (1.3)
+ 0.3
85.0
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FY2026 Dividend Forecast
The annual dividend for FY2025 is 329 yen per share, 41 yen higher than our initial forecast. We forecast that the annual dividend for FY2026 will also be 329 yen per share.
Dividend Policy Dividend History and Forecast
Dividend payout ratio of 35% (since FY2015)
Flexible payment based
on performance
(Yen)
230
157
73
288
173
115
329
214
(planned)
115
329
197
132
Year-end
Interim
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FY2024
FY2025
FY2026
(forecast)
Initial forecast
Total amount
of dividends
(million yen)
20,743
25,973
29,672
29,672
Dividend payout ratio
35.1%
35.1%
35.1%
49.5%
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Share Buyback
Total amount of buyback
Up to JPY 12 billion
Total number of shares to be repurchased
Up to 1,000,000 shares
(1.11% of the total number of issued shares, excluding treasury shares)
Period of buyback
From August 8, 2025 to December 31, 2025
Reason for share repurchase
We have decided to buy back our own shares for the purpose of increasing enterprise value and shareholder returns after considering various factors including business environment, growth opportunities, current capital efficiency, financial health, and stock price.
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Caution
About the forward-looking statement
The forecast of financial results provided in this presentation is based on the information available to the company and based on certain assumptions it has judged as reasonable. Actual results may differ materially from the forecast due to various factors.
Rounding of figures in this presentation
The figures of financial results in this presentation are rounded as described below unless otherwise noted. The sum of component figures may not be equal to the total figure due to round-off error.
Figures are rounded down to the decimal place shown.
Rates and ratios are rounded off to the decimal
place shown.
Contact
PR & IR Office
Corporate Planning and Control Department Lasertec Corporation
E-mail：ir@lasertec.co.jp
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