February 2025

During the first six months of this fiscal year, uncertainty continued to prevail in the economic outlook due to concerns over an economic slowdown amid geopolitical risks and policy changes.

In the semiconductor industry, our primary market, the sluggish recovery of consumer demand for smartphones and PCs caused device makers to partially revise their investment plans, including those related to leading-edge semiconductors. In specific fields, investment in fields related to generative AI was brisk, while investment in power semiconductor-related fields remained slow.

Under these circumstances, our consolidated net sales for the six-month period ended December 31, 2024, totaled 128,968 million yen (up 35.8% year-on-year). By product segment, semiconductor-related products accounted for 103,081 million yen (up 27.1% year-on-year). Sales of other products accounted for 3,711 million yen (up 304.4% year-on-year) and services for 22,175 million yen (up 70.6% year-on-year). As for consolidated incomes during this period, we recorded an operating income of 63,662 million yen (up 100.5% year-on-year), an ordinary income of 62,438 million yen (up 99.5% year-on-year), and 43,318 million yen in net income attributable to owners of parent (up 95.1% year-on-year).

We have announced the financial targets of our new mid-term business plan for the six-year period ending June 30, 2030.

The applications of semiconductors are expanding into various new fields, including generative AI, IoT, 5G/6G, and data centers. Amid this trend, the semiconductor market is expected to grow from the current level of about 500 billion US dollars to more than one trillion US dollars in 2030.

We aim to outpace this market growth and achieve an average annual growth rate of 10% or higher. As our financial targets of the new mid-term business plan, we aim to achieve 400 to 500 billion yen in sales with an OP margin of more than 35%.

We set the interim dividend for the current fiscal year at 115 yen per share, up 42 yen from the previous fiscal year.

Our forecast for the year-end dividend is 173 yen per share, up 16 yen from the previous fiscal year, and the forecast for the full-year dividend is 288 yen per share (up 58 yen year-on-year).

We believe that the best way to increase our stock value is to achieve sustainable growth by continuing to meet customer demands and expectations.

We will implement the measures set out in our mid-term business plan to maximize sales and achieve further growth. We will review the progress of the plan and make necessary revisions to it every year by considering and implementing additional measures to maximize our business opportunities.

We also see strengthening our investor relations (IR) as an important measure for increasing our stock value and will continue to make active disclosures through our IR activities for the formation of fair share value on the stock market.

Lasertec is dedicated to contributing to society and achieving growth by engaging in businesses that make the best use of our expertise in optical technology, guided by our corporate philosophy, "Inventing for your success, inventing for the future".