FY2024 Financial Results Presentation

Jun 6, 2025 at 6:11 AM UTC · Issued by Sinfonia Technology Co., Ltd.

FY2024 Financial Summary and FY2025 Full-Year Forecast

May 29, 2025

Securities Code: 6507

table of contents

●1 Company overview ●2 Summary of Financial Results for FY2024 ●3 FY2025 Full-year Forecast ●4 Outline of the New Med-Term Management Plan

1. Company overview

Company overview (as of the end of March 2025)

Founded May 1917 (Taisho 6)

Established August 1949 (Showa 24)

Headquarters Shiba Tower, 1-1-30 Shibadaimon, Minato-ku, Tokyo Capital 10.1Billiion Yen

Employees Consolidated: 3,744

Business Contents Development, manufacture and sales of semiconductor transportation, aviation, and control equipment

Business structure 3 domestic manufacturing bases, 12 subsidiaries Tokyo Stock Exchange Prime Market (Securities Code: 6507)

Company overview / History

1878~

Toba Shipyard

1917~

Suzuki

Shoten

/Kobe Steel

1949~

Shinsho Electric

2009~

Sinfonia technology

1878 Toba Shipyard was founded. Origin of our company.

1917 Organized an electrical section at the Toba Shipyard. Founding of our company

1920 Started manufacturing pot motors at the request of Imperial Artificial Silk Thread (now Teijin) The aircraft was made with a windmill-type DC electric machine. Participated in the aircraft electrical equipment business.

1921 Kobe Steel becomes Toba Electric Works.

1949 Kobe Steel was divided into three parts and Shinsho Electric Co., Ltd. was established.

1952 Listed on the First Section of the Tokyo Stock Exchange.

1981 Developed a DC dynamometer. Entered the automotive test equipment business.

1986 Developed an electric motor for the hydraulic pump of the H-I rocket. Entering the space field. 1989 Delivered a vertical heat treatment furnace for semiconductor manufacturing. Entered the

semiconductor manufacturing equipment business.

1998 Delivered 300mm FOUP-compatible LPs to a major semiconductor manufacturing equipment manufacturer.

2009 Changed the company name to Sinfonia Technology Co., Ltd. 2009 Developed 300mm FOUP compatible N2 purge load port.

2017 Celebrating 100 years since founding.

Products at the time of founding

Marine generator generator

Pot Motors

Aircraft Electrical Components

Storage battery transporter

Business Segment Overview

Percentag e of sales

21%

Clean Transport Systems

Related Markets: Semiconductors

Expanding Businesses

Percentage of sales 21%

Engineering & Services

Installation work, after-sales service

Businesses to improve customer satisfaction

Percentage of sales: 36%

Motion Equipment

Related Markets: FA/Robotics,

Aviation/Aerospace

Power Electronics Equipment

Related Markets: Infrastructure, Energy

Percentage

of sale

22%

Stabilize business

FY2024

sales

¥119.2

billion

Company overview / Core technologies

2. FY24 Financial Summary

In this presentation, each segment has been abbreviated as follows.

Clean Transport Systems：（C） Motion Equipment：（M）

Power Electronics Equipment：（P） Engineering & Services：（E）

FY2024 Consolidated Financial Results

: Year-on-Year

(Unit: 100 million yen)	FY23 Results	FY24 Results	Year-on-year
(Unit: 100 million yen)	FY23 Results	FY24 Results	Increase /decrease	Percentage change
Orders Received	1,087.8	1,435.8	348.0	32.0%
Net Sales	1,026.6	1,191.5	164.9	16.1％
Operating Profit	100.1	157.3	57.2	57.2％
Ordinary Profit	105.3	159.4	54.1	51.4％
Net Profit (*)	75.1	121.0	45.9	61.2％
R&D Expenses	34.2	36.8	2.6	7.6％
Capital Expenditures	60.7	37.5	▲23.2	▲38.2％

Achieved record highs in Orders Received, Net Sales , Operating Profit, Ordinary Profit, and Net Profit.
Orders Received increased in each
segments, especially in Motion Equipment.
Net Sales increased in each segment.
Operating profit increased in each segment, additionally in Power Electronics Equipment and in Motion Equipment, profit improvement progressed.
Decrease in Capital Expenditures due to expansion construction for Clean Transport plant in FY23.

(*)Net Profit attributable to owners of parent

FY2024 Consolidated Financial Results

: Comparison with Forecast

Orders Received of Motion Equipment exceeded the forecast. Other segments were almost as expected.
Net Sales exceeded the forecast due to favorable construction progress in Engineering & Services. Other segments were almost in line with forecast.
Profits exceeded the forecast due to improvements in the Power Electronics Equipment.

In Net Profit, had an accrual of extraordinary benefits due to the reduction of cross-shareholdings.


nit: 100 million yen)	FY24 Forecast		FY24 Results	Ratio to Forecast
nit: 100 million yen)	5/10 Forecast	11/8 Forecast	FY24 Results	Increase/ decrease	Percentage change
Orders Received	1,250	1,400	1,435.8	35.8	2.5%
Net Sales	1,100	1,160	1,191.5	31.5	2.7％
Operating Profit	115	145	157.3	12.3	8.5％
Ordinary Profit	115	145	159.4	14.4	9.9％
Net Profit (*)	80	100	121.0	21.0	21.0％

(*) Net Profit attributable to owners of parent

(Unit: 100 million yen)

FY23

Results

FY24

Results

Year-on-year

Increase/ decrease

Percentage

change

Clean Transport System

Orders Received Net Sales Operating Profit

Operating profit margin (%)

197.6

218.1

33.1

15.2%

261.0

251.4

40.2

16.0%

63.4

33.3

7.1

32.1％

15.3％

21.5％

0.8%

Motion Equipment

Orders Received Net Sales Operating Profit

Operating profit margin (%)

428.4

370.6

32.3

8.7%

664.8

433.3

48.5

11.2%

236.3

62.7

16.2

55.2%

16.9%

50.3%

2.5%

Power Electronics Equipment

Orders Received Net Sales Operating Profit

Operating profit margin (%)

242.7

232.4

15.8

6.8%

268.8

262.7

34.0

12.9%

26.1

30.3

18.2

10.8%

13.1%

115.5%

6.1%

engineering & Services

Orders Received Net Sales Operating Profit

Operating profit margin (%)

219.1

205.4

19.6

9.5%

241.3

244.0

34.1

14.0%

22.2

38.6

14.5

10.1%

18.8%

73.7%

4.5%

Total

Orders Received Net Sales Operating Profit

Operating profit margin (%)

1,087.8

1,026.6

100.1

9.8%

1435.8

1191.5

157.3

13.2％

348.0

164.9

57.2

32.0%

16.1%

57.2%

3.4%

Clean Transport System
Orders Received increased due to the gradual recovery of the semiconductor market.
Motion Equipment
Orders Received for the Aerospace expanded significantly. Operating Profit also increased due to the Ministry of Defense's profit margin improvement program.
Power Electronics Equipment Operating Profit increased significantly, due to effective measures to improve profitability such as selective order intake.
Engineering & Services Operating Profit increased significantly, due to favorable progress in semiconductor factory equipment construction.

Summary of Performance by Segment

: Year-on-Year

3. Full-year Forecast for FY2025

Consolidated full-year forecast for FY2025

1 dol

[Business Environment]

・The semiconductor market is expected to recover gradually.

・Defense budget increase leads to continued increase in revenue in Motion Equipment.

・While we expect limited direct impact from geopolitical risks and U.S. tariffs, the indirect effects remain uncertain, and therefore we have adopted a conservative earnings forecast.

*FY24 net profit includes extraordinary gains due to reductions in cross-shareholdings, etc.

[Main measures]

New product development.
Expansion of production capacity for defense-related products.
Investment in production efficiency and digitalization.
Implementation of measures to expand the number of engineers.

FY2025 Expected change rate lar = 135 yen	FY24 Results	FY25 Forecasts	Year-on-year
FY2025 Expected change rate lar = 135 yen	FY24 Results	FY25 Forecasts	Increase/ decrease	Percentage change
Orders Received	1,435.8	1,450	14.2	1.0％
Net sales	1,191.5	1,250	58.5	4.9%
Operating Profit	157.3	165	7.7	4.9%
Ordinary Profit	159.4	165	5.6	3.5％
Net profit (*)	121.0	113	▲8	▲6.6％
R&D Expenses	36.8	60	23.2	63.0％
Capital Expenditures	37.5	120	82.5	220.0％

(Unit: 100 million yen)

（＊）Net income attributable to owners of parent

Segment Forecasts (Clean Transportation Systems)

(Unit: 100 million yen)

	FY24 Results	FY25 Forecasts	Year-on-year
	FY24 Results	FY25 Forecasts	Increase /decrease	Percentage change
Orders Received	261.0	315	54	20.7％
Net sales	251.4	265	13.6	5.4％
Operating Profit	40.2	50	9.8	24.4％
Operating profit margin	16.0％	18.9％	ー	2.9％

[Business Environment]

The semiconductor market is expected to recover gradually, driven by the expansion of AI demand as well as investment and development support policies implemented by various countries.

[Execution Action]

Development and sales expansion of system products such as EFEMs and Vacuum Platforms.
Expansion into new markets, including the middle-back end process and the Chinese market.
Proposal for product expansion within major semiconductor equipment manufacturers.

Segment Forecasts (Motion Equipment)

(Unit: 100 million yen)

	FY24 Results	FY25 Forecasts	Year-on-year
	FY24 Results	FY25 Forecasts	Increase /decrease	Percentage change
Orders Received	664.8	565	▲99.8	▲15.0%
Net sales	433.3	470	36.7	8.5%
Operating Profit	48.5	55	6.5	13.4%
Operating profit margin	11.2%	11.7％	ー	0.5％

[Business Environment]

・Expansion of defense demand and product lineup based on the Defense Buildup Programs in JAPAN.

・The FA market is under recovering.

[Execution Action]

Expansion of production capacity and reinforcement of resources in response to increased defense spending are driving revenue growth for the SFT Group.
By focusing on the semiconductor market and transforming our product portfolio, we aim to establish a stable revenue-generating business.
Creation of new businesses through product development in the logistics market (e.g., semiconductor interbay

transportation systems) and the medical market (e.g., equipment for regenerative medicine).

Segment Forecasts (Power Electronics Equipment)

(Unit: 100 million yen)

	FY24 Results	FY25 Forecasts	Year-on-year
	FY24 Results	FY25 Forecasts	Increase /decrease	Percentage change
Orders Received	268.8	335	66.2	24.6％
Net sales	262.7	270	7.3	2.8%
Operating Profit	34.0	30	▲4	▲11.8％
Operating profit margin	12.9%	11.1%	ー	▲1.8%

[Business Environment]

Public infrastructure continues to experience steady renewal demand.

Electrification demand for heavy industrial infrastructure is increasing.

[Execution Action]

Focused investment in our core technologies-motors and power electronics-is driving long-term earnings stability.
Formed a new team for electrification and carbon-neutral product innovation to drive sustainable business

transformation.

Segment Forecasts (Engineering & Services)

(Unit: 100 million yen)

	FY24 Results	FY25 Forecasts	Year-on-year
	FY24 Results	FY25 Forecasts	Increase /decrease	Percentage change
Orders Received	241.3	235	▲6.3	▲2.6%
Net sales	244.0	245	1	0.4％
Operating Profit	34.1	30	▲4.1	▲12.0%
Operating profit margin	14.0%	12.2％	ー	▲1.8％

[Business Environment]

Steady demand is expected for material handling system installations in semiconductor fabs and for public-private

sector electrical work.

Demand for product after-sales services is expected to increase.

[Execution Action]

Enhancing Customer Satisfaction and Creating New Revenue Streams through After-Sales Service Restructuring.
Strengthening Resources to Expand Private-Sector Facility Construction Projects.

4. Outline of the New Mid-Term Management Plan

Previous Mid-Term Management Plan Review

Strengthening technological development capabilities, developing new products, and fostering new businesses

	FY21 Results	SINFONIA NEW STAGE 2024			FY24 Targets	Achievement Rate
	FY21 Results	FY22	FY23	FY24	FY24 Targets	Achievement Rate
Orders Received	1,104.7	1,251.0	1,087.8	1,435.8	1,250	114.9%
Net sales	945.9	1,088.1	1,026.6	1,191.5	1,100	108.3%
Operating Profit	75.1	116.2	100.1	157.3	100	157.3%
Operating profit margin	8%	11％	9.8％	13.2％	9% or more	ー
ROE	10.6％	13.9%	11.0%	15.7%	10% or more	ー

Develop new products related to logistics, regenerative medicine, and decarbonization Focus on the semiconductor-related fields as growth drivers

・Develop new products in the fields of medical /regenerative medicine, semiconductor transport (logistics), and electrification (decarbonization)

・Expand business and transform the product portfolio by enhancing the product lineup in the semiconductor-related sector

・Achieved all numerical targets and successfully strengthened profitability

Positioning of the New Mid-Term Management Plan

Long-Term

Target

Transformation into a company that challenges and grows, resonating with society, customers, and ourselves

Basic Policy

New Mid-Term Management Plan Basic Policy

Long-Term Target

Transformation into a company that challenges and grows,

resonating with society, customers, and ourselves

2NDSTAGE （FY2025～FY2027）

Business expansion through "technology-oriented"

Business Expansion and Portfolio Transformation

Expand presence in the semiconductor-related market, where long-term demand growth is expected to remain strong
Increase capacity in the aerospace business in response to the strengthening of defense capabilities
Strengthen core technologies "Motor/Motor drive and Power Electronics"

Priority Measures

New Mid-Term Management Plan Priority Measures

Focus on Semiconductor

and Aerospace Fields

Business Expansion through

Strengthening Technological Development and Responsiveness

Active Investment and

Operational Efficiency for Business Expansion

Organizational

and Cultural Reform

Focus Fields : Semiconductor-related Fields

Semiconductor-related products

Key measures for expansion

FOUP receiving and delivery side
EFEM
Outsourcing is progressing
EFEM / Load port（ Clean Transport System ）
Direct drive motors Unit（ Motion ）
Overhead Material Handling System Installation
（ Engineering & Service ）
Business Environment
Strengths
① Mid- to Long-Term Outlook: Projected growth rate approaching 10%(CAGR)
② Short-Term Outlook: Expected growth rate of 4-10%, though with uncertainty
① Customer base through Load port
② Precision transport technology
Load port
The World
NO.1
Share
Business Expansion
Organic growth
① Strengthening of system products(Vacuum platform/ Vacuum Robot)
② Middle and Post-process (Application development of front-end products)
③ Chinese market(Local production / MajorChinese companies )
① Existing share
② Expansion of product fields
③ Capacity enhancement completed
Manufacturing equipment side

Vacuum platform/Vacuum Robot

Direct drive motors for

Load port

approx.

35 billion yen

approx.

billion yen

approx.

55 billion yen

approx.

billion yen

approx.

Process Mechanisms System Products,

approx.

billion yen

Expansion of application range

Actuators, etc.

billion yen

FY2024

Results

FY2027

Targets

Focus Fields : Aerospace

Priority Measures for Expansion

Sinfonia Aerospace Products

Aircraft power generation system―――
Japan's Only Aircraft
Power System Supplier
High Power Motor/Controller for electric aircraft propulsion
Switchboards, motors for aircraft, etc. (aircraft)
Actuators, power distribution panels, etc.
(space rockets)
Business Environment
Strengths
Capacity Augmentation
Business Expansion
① Strengthening defense capabilities and the defense industry
② Expansion of the space business
③ Electrification of defense equipment
①The only manufacturer of
aircraft power systems in Japan (Defense)
② Long-term track record
③ Know-how on electrification in special environments
① Increased production capacity (approx. doubled)
① Drones
② Microwave Defense
③ Space Satellite Control Equipment
Electrical components

for space rockets―――――――

Servo Actuator

for space rocket attitude control

Core Components

Installed in Epsilon, H3

Defense

Ministry of

Defense

* Prime

approx.

10％

60％

30%

19 billion yen

approx.

10%

70％

20%

30 billion yen

(C)JAXA

space rockets

FY2024 Results FY202７ Targets

Controllers, power distribution panels, etc.

Prime = Companies that do business directly with the Ministry of Defense and the Defense Logistics Agency

Business expansion through Enhanced Technological

Development and Responsiveness

Expanding Our Coverage Through Core Technology Enhancement

High-Speed automotive motors

Expansion from Power Supplies to Batteries

From liquefied natural gas to hydrogen and ammonia

From FA to

semiconductors

Motors, Motor Drives, Power Electronics

＋

Intelligence

Development investment: Approximately 18 billion yen

High-precision positioning

Toward more efficient motor systems

New Businesses Leveraging Technological Development and Response Capabilities

Regenerative Medicine

Fully Closed & Automated Cell Culture System. Contributes to high-quality cell production.

Promoting Automation Equipment in the Regenerative Medicine Market.

Aviation & Aerospace

logistics

AMRs (Autonomous Robots) and Autonomous Vehicles.

Human Detection for Autonomous Robots by Image Recognition AI.

Transformation of product mix and business portfolio

Semiconductors

(Clean Transport System/ Motion Equipment)

Expanding Business Units.

Motion Equipment
Aerospace Priority expansion
business unit.
FA/Electrical components Toward a Stable Profitability Business unit by focusing on Semiconductor products

Power Electronics
Industrial heavy electricity
Technology-Foundation Business Unit
Vibrating equipment
Toward a Stable and Profitable Business Unit
New Business
Pioneering New Markets with SFT Technology: Logistics and Regenerative Medicine

Proactive "Expansion Investments"

and "Renewal and Automation Investments"

Actively investments in expanding the scale of our business

(Previous mid-term management plan: Approx. 26 billion yen)

Expansion investments:

Approx 32 billion yen

Investments in renewal, automation, etc.

Approx. 18 billion yen

(Previous plan: approx. 11 billion yen) (Previous plan : approx. 15 billion yen)

Expansion of production capacity――――――

Expansion of bases

DX and utilization of AI

Cleanroom Expansion

Improvement of Technological responsiveness

Securing Engineers Establishment of R&D center M&A and Technical Alliances

―――――― ■ Improvement of

manufacturing capacity

Introduction of Robots Replacement with high-performance equipment Utilization of AI through DX (Data linkage, utilization, etc.) Multi-skilling

Total investments:

Approx. 50 billion yen

Performance and financial planning

Performance target (100 million yen)	FY2024 achievements	FY2027 plan		Financial Indicators (Reference Values)	FY2024 achievements	FY2027 plan
Orders Received	1,436	1,700		ROE（％）	15.7％	15％
sales	1,192	1,600
			Reference value FY2024 FY2027 ROIC(%) 11.5％ about 13%
Operating Profit	157	225
Operating profit margin (%)	13.2%	14%

[Performance Targets]

・Expand the scale of our business to achieve our vision for 2030

・Increased sales more than 30 billion yen in semiconductor-related fields and aerospace fields

・Strengthening of core technological capabilities for stable earnings

[Financial Targets]

・ROE : Aiming for high-level stability while executing growth investments.

・ROIC : Presented as a reference figure due to its replacement with profitability

and efficiency metrics.

Plan by Segment

	FY2024 Results				FY2027 Targets
(100 million yen)	Orders Received	Net Sales	Operating Profit	Operating Profit margin (%)	Orders Received	Net Sales	Operating Profit	Operating Profit margin (%)
Clean transport systems	261.0	251.4	40.2	16.0％	400	360	74	20.6％
Motion Equipment	664.8	433.3	48.5	11.2％	650	650	80	12.3％
Power Electronics Instruments	268.8	262.7	34.0	12.9％	350	320	37	11.6％
Engineering & Services	241.3	244.0	34.1	14.0％	300	270	34	12.6％
Total	1,435.8	1,191.5	157.3	13.2％	1,700	1,600	225	14％

【Clean transport system】 Development of system products, entry into the Chinese market and middle-back end process.

【Motion Equipment】 Growth of The Aerospace business by enhancing capacity and expanding its scope. Restructuring of the FA business by focusing on the semiconductor manufacturing equipment market.

【Power Electronics Equipment】 Strengthening core technologies to expand technical areas and achieve stable profitability.

【Engineering Services】 Strengthen profitability by expanding service areas and improving customer satisfaction.