Lasertec (6920) investor relations material

Executive summary

• Net sales for FY2026 Q3 were JPY 41.3 billion, up 3.5% year-over-year but down 44.3% sequentially from Q2.

• Net sales for the nine months ended March 31, 2026, were ¥169,539 million, up 0.4% year-over-year, with strong demand in advanced semiconductors driven by AI investments.

• Net income for Q3 was JPY 11.1 billion, an 18.2% increase year-over-year but a 58.5% decrease from the previous quarter.

• Operating income was ¥78,191 million (down 1.4% year-over-year), ordinary income ¥80,449 million (up 6.7%), and net income attributable to owners of parent ¥56,823 million (up 7.8%).

• Semiconductor-related product sales declined 6.7% year-over-year, while service sales surged 35.5%.

Financial highlights

• Gross profit for Q3 was JPY 22.9 billion, up 2.3% year-over-year, with a gross margin of 55.5%.

• Gross profit rose to ¥99,415 million from ¥96,800 million year-over-year.

• Net income per share increased to ¥632.49 from ¥584.27 year-over-year.

• Comprehensive income for the period was ¥58,701 million, up 16.3% year-over-year.

• Cash and cash equivalents at period-end were ¥80,027 million, down ¥6,060 million from the previous year.

Outlook and guidance

• Full-year FY2026 forecast remains unchanged, with net sales projected at JPY 220 billion, down 12.5% year-over-year.

• Operating income forecast is JPY 100 billion, down 18.6% year-over-year; net profit forecast is JPY 72 billion, down 14.9%.

• R&D expenditure for the year is expected to rise 11.3% to JPY 13 billion.

• Orders are expected to recover from CY2026, driven by semiconductor-related tools.

• No revision to previously announced forecasts.