Interim report
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Note : This document has been translated from the Japanese original for reference purposes only . In the event of any discrepancy between this translated document and the Japanese original , the original shall prevail . Consolidated Financial Results for the Six Months Ended June 30 , 2026 ( Under IFRS ) August 7 , 2026 Accounting Standards Fou FASF MEMBERSHIP Tokyo Stock Exchange Company name : Rigaku Holdings Corporation Listing : Securities code : 268A URL : Representative : Inquiries : Telephone : + 81-3-5312-7079 https://rigaku-holdings.com/english/ Jun Kawakami , President and CEO Nobuhiko Shibata , Chief Financial Officer Scheduled date to file semi - annual securities report : Scheduled date to commence dividend payments : August 14 , 2026 September 14 , 2026 Preparation of supplementary material on financial results : Yes Holding of financial results briefing : Yes ( for securities analysts and institutional investors ) ( Yen amounts are rounded down to millions , unless otherwise noted . ) 1. Consolidated financial results for the six months ended June 30 , 2026 ( from January 1 , 2026 to June 30 , 2026 ) ( 1 ) Consolidated operating results ( cumulative ) ( Percentages indicate year - on - year changes . ) Revenue Operating profit Profit before tax Profit Six months ended June 30 , 2026 June 30 , 2025 Millions of yen 39,565 40,756 % ( 2.9 ) ( 4.7 ) Millions of yen 2,579 5,717 % Millions of yen % Millions of yen % ( 54.9 ) ( 34.1 ) 2,035 5,446 ( 62.6 ) 1,628 ( 56.9 ) ( 35.5 ) 3,779 ( 41.9 ) Profit attributable to owners of parent Total comprehensive Basic earnings Diluted earnings income per share per share Six months ended Millions of yen % Millions of yen % Yen Yen June 30 , 2026 1,628 ( 56.9 ) 2,797 104.4 7.20 7.14 June 30 , 2025 3,779 ( 41.9 ) 1,368 ( 86.1 ) 16.71 16.40 ( 2 ) Consolidated financial position As of June 30 , 2026 December 31 , 2025 Total assets Millions of yen 187,646 185,209 Total equity Equity attributable to owners of parent Ratio of equity attributable to owners of parent to total assets Millions of yen Millions of yen % 89,193 89,193 88,396 88,396 47.5 47.7
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2. Cash dividends Annual dividends per share First quarter-end Second quarter-end Third quarter-end Fiscal year-end Total Yen Yen Yen Yen Yen Fiscal year ended December 31, 2025 – 9.40 – 9.40 18.80 Fiscal year ending December 31, 2026 – 9.50 Fiscal year ending December 31, 2026 (Forecast) – 9.50 19.00 Note: Revisions to cash dividend forecasts most recently announced: None 3. Consolidated financial result forecasts for the fiscal year ending December 31, 2026 (from January 1, 2026 to December 31, 2026) (Percentages indicate year-on-year changes.) Revenue Operating profit Profit before tax Profit Millions of yen % Millions of yen % Millions of yen % Millions of yen % Full year 101,000 7.2 19,400 16.1 18,400 15.2 12,500 9.6 Profit attributable to owners of parent Basic earnings per share Millions of yen % Yen Full year 12,500 9.6 55.27 Note: Revisions to consolidated financial result forecasts most recently announced: None
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* Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included: 2 companies (Rigaku GmbH, Rigaku Canada Inc.) Excluded: – (2) Changes in accounting policies and changes in accounting estimates (i) Changes in accounting policies required by IFRS: None (ii) Changes in accounting policies due to other reasons: None (iii) Changes in accounting estimates: None (3) Number of issued shares (ordinary shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2026 226,516,100 shares As of December 31, 2025 230,375,000 shares (ii) Number of treasury shares at the end of the period As of June 30, 2026 19,601 shares As of December 31, 2025 4,304,101 shares (iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year) Six months ended June 30, 2026 226,300,106 shares Six months ended June 30, 2025 226,167,407 shares * Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm. * Proper use of earnings forecasts and other special matters •Forward-looking statements The forward -looking statements including earnings forecast contained in this document are based on information currently available to us and certain assumptions that we believe to be reasonable. Accordingly, the Company does not guarantee the achievement of the forecast, and the actual results may differ materially due to various factors. •Financial results briefing The Company will hold a financial results briefing for securities analysts and institutional investors on Friday, August 7, 2026. The supplementary material on financial results to be distributed at the briefing is scheduled to be posted on the Company’s website on the same day.
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1 Table of Contents – Attachments 1. Overview of Operating Results, etc. ....................................................................................................................... 2 (1) Operating Results .............................................................................................................................................. 2 (2) Financial Position .............................................................................................................................................. 3 2. Condensed Semi-annual Consolidated Financial Statements and Primary Notes .................................................. 5 (1) Condensed Semi-annual Consolidated Statements of Financial Position ......................................................... 5 (2) Condensed Semi-annual Consolidated Statements of Profit or Loss and Condensed Semi-annual Consolidated Statements of Comprehensive Income ....................................................................................... 7 Condensed Semi-annual Consolidated Statements of Profit or Loss ............................................................... 7 Condensed Semi-annual Consolidated Statements of Comprehensive Income ............................................... 8 (3) Condensed Semi-annual Consolidated Statements of Changes in Equity......................................................... 9 (4) Condensed Semi-annual Consolidated Statements of Cash Flows ................................................................. 10 (5) Notes to Condensed Semi-annual Consolidated Financial Statements ........................................................... 12 (Notes on going concern assumption) ............................................................................................................ 12 (Segment information) ................................................................................................................................... 12
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2 1. Overview of Operating Results, etc. (1) Operating Results During the six months ended June 30, 202 6, the Japanese economy continued its gradual recovery led by domestic demand, supported by the employment and income environment , despite the impact of rising prices and sluggish external demand. Meanwhile, the outlook remained uncertain due to geopolitical risks, including the situation in the Middle East, and rising prices and fluctuations in energy prices. The global economy was underpinned primarily by AI-related capital investment. However, uncertainty persisted due to geopolitical risks, including the situation in the Middle East, and trade policy developments across various countries. The semiconductor market remained strong, driven mainly by memory and logic products , as investment in AI infrastructure and cloud data centers increased with the widespread adoption of generative AI. These market trends supported demand for the Group’s solutions. Under these market conditions, the Group’s revenue and operating profit for the six months ended June 30, 2026 decreased year on year, but exceeded expectations in the semiconductor process control instruments business. The pipeline showed steady progress toward growth in the third quarter and beyond, while the near-term order outlook indicated significant year-on-year growth . The following is a summary of revenue results for each business segment. In the multipurpose analytical instruments business, revenue decreased by 17.1% year on year to ¥15,081 million due to market weakness amid the ongoing impact of Trump policies in the United Sta tes and fluctuations in energy prices resulting from the situation in the Middle East. Meanwhile, demand is rising for the semiconductor/electronic components, leading to an increase in orders for the third quarter onward. In the semiconductor process control instruments business, revenue in creased by 18.2% year on year to ¥12,791 million, as we accurately captured growing demand in memory and logic, and new product projects also progressed steadily. In the components and services business, revenue de creased by 0.5 % year on year to ¥11,692 million. Despite weak demand for multilayer mirrors for EUV , sales of services and other analytical instruments and components increased, resulting in revenue remaining broadly in line with the previous year. In terms of selling, general and administrative expenses, the Company continued its efforts to control expenses while making strategic investments, particularly in research and development. The situation in the Middle East currently has an immaterial impact on the Company; however, it will continue to monitor developments closely to address potential cost increases and ensure adequate inventory levels. As a result, for the six months ended June 30, 2026, the Company recorded revenue of ¥39,565 million (down 2.9% year on year), operating profit of ¥2,579 million (down 54.9 % year on year), and profit attributable to owners of parent of ¥1,628 million (down 56.9% year on year). Segment information is omitted because the Group has a single segment of manufacturing and sale of scientific instruments.
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3 (2) Financial Position 1) Assets, liabilities, and equity Total assets as of June 30, 2026 increased by ¥ 2,436 million from the end of the previous fiscal year to ¥187,646 million. The factors include an increase of ¥4,926 million in inventories, an increase of ¥2,976 million in cash and cash equivalents , and an increase of ¥1,610 million in property, plant and equipment, which were partly offset by a decrease of ¥6,413 million in trade and other receivables primarily due to the collection of accounts receivables. Total liabilities as of June 30, 2026 increased by ¥ 1,640 million from the end of the previous fiscal year to ¥98,452 million. The factors include an increase of ¥4,410 million in borrowings in current liabilities due to new borrowings for working capital and other purposes and an increase of ¥1,805 million in contract liabilities in current liabilities due mainly to higher unearned revenue resulting from increased advances received and service sales, which were partly offset by a decrease of ¥2,976 million in trade and other payables due primarily to decreases in electronically recorded obligations –operating and accrued sales commissio ns, a decrease of ¥1,022 million in income taxes payable primarily due to the payment of income taxes , and a decrease of ¥396 million in employee benefits accruals due to a decrease in provision for bonuses. Total equity as of June 30, 2026 increased by ¥796 million from the end of the previous fiscal year to ¥89,193 million. The factors include an increase of ¥1,177 million in other components of equity and a decrease of ¥4,030 million in treasury shares due to the cancellation of treasury shares , which were partly offset by a decrease of ¥3,972 million in capital surplus primarily reflecting the cancellation of treasury shares and a decrease of ¥496 million in retained earnings due mainly to the payment of dividends. As a result, the ratio of equity attributable to owners of the parent to total assets as of June 30, 2026 was 47.5%, down 0.2 percentage points from the end of the previous fiscal year. 2) Cash flows Cash and cash equivalents (hereinafter referred to as “net cash”) as of June 30, 2026 increased by ¥2,976 million from the end of the previous fiscal year to ¥27,251 million. Below are the cash flows by type and the factors contributing to changes during the six months ended June 30, 2026. (Cash flows from operating activities) Net cash provided by operating activities during the six months ended June 30, 2026 was ¥2,919 million (net cash provided of ¥6,902 million in the previous fiscal year). This was mainly attributable to profit before tax of ¥2,035 million, depreciation and amortization of ¥2,813 million, a decrease of ¥6,628 million in trade and other receivables, and an increase of ¥1,405 million in contract liabilities, which were partly offset by an increase of ¥4,632 million in inventories, a decrease of ¥3,023 million in trade and other payables, and income taxes paid of ¥2,130 million. (Cash flows from investing activities) Net cash used in investing activities during the six months ended June 30, 2026 was ¥3,047 million (net cash used of ¥4,053 million in the previous fiscal year). This was mainly attributable to purchase of property, plant and equipment of ¥2,713 million and purchase of intangible assets of ¥313 million. (Cash flows from financing activities) Net cash provided by financing activities during the six months ended June 30, 2026 was ¥2,487 million (net cash used of ¥416 million in the previous fiscal year). This was mainly attributable to proceeds from short-term borrowings of ¥8,500 million and proceeds from long- term borrowings of ¥3,718 million, which were partly
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4 offset by repayments of short-term borrowings of ¥5,000 million, dividends paid of ¥2,122 million, repayments of long-term borrowings of ¥2,000 million, and repayments of lease liabilities of ¥723 million.
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5 2. Condensed Semi-annual Consolidated Financial Statements and Primary Notes (1) Condensed Semi-annual Consolidated Statements of Financial Position (Millions of yen) As of December 31, 2025 As of June 30, 2026 Assets Current assets Cash and cash equivalents 24,275 27,251 Trade and other receivables 28,439 22,026 Inventories 20,877 25,804 Other current assets 2,693 2,690 Total current assets 76,286 77,773 Non-current assets Property, plant and equipment 22,619 24,230 Right-of-use assets 6,438 6,052 Goodwill 51,876 51,881 Intangible assets 26,542 25,772 Other financial assets 341 539 Deferred tax assets 1,012 1,215 Other non-current assets 92 183 Total non-current assets 108,923 109,873 Total assets 185,209 187,646
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6 (Millions of yen) As of December 31, 2025 As of June 30, 2026 Liabilities and equity Liabilities Current liabilities Trade and other payables 11,699 8,722 Borrowings 6,855 11,265 Lease liabilities 1,342 1,385 Income taxes payable 1,830 808 Contract liabilities 4,959 6,764 Other financial liabilities 857 848 Employee benefits accruals 4,134 3,737 Provisions 828 701 Other current liabilities 1,078 1,246 Total current liabilities 33,584 35,481 Non-current liabilities Borrowings 48,700 49,508 Lease liabilities 5,269 4,768 Contract liabilities 1,317 1,123 Other financial liabilities 0 – Employee benefits 216 152 Provisions – 77 Deferred tax liabilities 7,724 7,340 Total non-current liabilities 63,228 62,971 Total liabilities 96,812 98,452 Equity Share capital 1,137 1,195 Capital surplus 47,813 43,841 Retained earnings 36,462 35,966 Treasury shares (4,035) (4) Other components of equity 7,018 8,195 Total equity attributable to owners of parent 88,396 89,193 Total equity 88,396 89,193 Total liabilities and equity 185,209 187,646
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7 (2) Condensed Semi-annual Consolidated Statements of Profit or Loss and Condensed Semi -annual Consolidated Statements of Comprehensive Income Condensed Semi-annual Consolidated Statements of Profit or Loss (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Revenue 40,756 39,565 Cost of sales (18,030) (17,893) Gross profit 22,725 21,671 Selling, general and administrative expenses (16,881) (18,956) Other income 52 50 Other expenses (178) (185) Operating profit 5,717 2,579 Finance income 229 146 Finance costs (501) (690) Profit before tax 5,446 2,035 Income tax expense (1,666) (407) Profit 3,779 1,628 Profit attributable to: Owners of parent 3,779 1,628 Profit 3,779 1,628 Earnings per share Basic earnings per share (Yen) 16.71 7.20 Diluted earnings per share (Yen) 16.40 7.14
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8 Condensed Semi-annual Consolidated Statements of Comprehensive Income (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Profit 3,779 1,628 Other comprehensive income Items that may be reclassified to profit or loss Exchange differences on translation of foreign operations (2,138) 1,030 Cash flow hedges (272) 138 Total (2,410) 1,168 Total other comprehensive income (2,410) 1,168 Comprehensive income 1,368 2,797 Comprehensive income attributable to: Owners of parent 1,368 2,797 Comprehensive income 1,368 2,797
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9 (3) Condensed Semi-annual Consolidated Statements of Changes in Equity For the Six Months Ended June 30, 2025 (From January 1, 2025 to June 30, 2025) (Millions of yen) Equity attributable to owners of parent Other components of equity Share capital Capital surplus Retained earnings Treasury shares Financial assets measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Cash flow hedges Share acquisition rights Total Total Total equity Balance at beginning of period 473 49,305 25,736 (4) (356) 6,598 – 16 6,258 81,769 81,769 Profit – – 3,779 – – – – – – 3,779 3,779 Other comprehensive income – – – – – (2,138) (272) – (2,410) (2,410) (2,410) Comprehensive income – – 3,779 – – (2,138) (272) – (2,410) 1,368 1,368 Exercise of share acquisition rights 528 528 – – – – – (10) (10) 1,045 1,045 Dividends – – (675) – – – – – – (675) (675) Total transactions with owners 528 528 (675) – – – – (10) (10) 370 370 Balance at end of period 1,001 49,833 28,840 (4) (356) 4,460 (272) 5 3,838 83,508 83,508 For the Six Months Ended June 30, 2026 (From January 1, 2026 to June 30, 2026) (Millions of yen) Equity attributable to owners of parent Other components of equity Share capital Capital surplus Retained earnings Treasury shares Financial assets measured at fair value through other comprehensive income Exchange differences on translation of foreign operations Cash flow hedges Share award rights Share acquisition rights Total Total Total equity Balance at beginning of period 1,137 47,813 36,462 (4,035) (356) 7,361 9 – 3 7,018 88,396 88,396 Profit – – 1,628 – – – – – – – 1,628 1,628 Other comprehensive income – – – – – 1,030 138 – – 1,168 1,168 1,168 Comprehensive income – – 1,628 – – 1,030 138 – – 1,168 2,797 2,797 Exercise of share acquisition rights 57 57 – – – – – – (0) (0) 115 115 Cancellation of treasury shares – (4,030) – 4,030 – – – – – – – – Dividends – – (2,125) – – – – – – – (2,125) (2,125) Share-based payments – – – – – – – 9 – 9 9 9 Total transactions with owners 57 (3,972) (2,125) 4,030 – – – 9 (0) 8 (2,000) (2,000) Balance at end of period 1,195 43,841 35,966 (4) (356) 8,392 147 9 3 8,195 89,193 89,193
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10 (4) Condensed Semi-annual Consolidated Statements of Cash Flows (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Cash flows from operating activities Profit before tax 5,446 2,035 Depreciation and amortization 2,428 2,813 Interest and dividend income (229) (146) Interest expenses 490 676 Foreign exchange loss (gain) 85 182 Arrangement fee – 8 Finance income and finance costs 11 5 Loss (gain) on sale and retirement of property, plant and equipment, and intangible assets 13 11 Decrease (increase) in inventories (1,882) (4,632) Decrease (increase) in trade and other receivables 4,293 6,628 Increase (decrease) in trade and other payables (327) (3,023) Increase (decrease) in contract liabilities (722) 1,405 Increase (decrease) in provisions (63) (138) Increase (decrease) in employee benefit (457) (541) Other 434 437 Subtotal 9,521 5,721 Interest received 228 147 Dividends received 0 0 Interest paid (420) (699) Arrangement fee paid – (120) Income taxes paid (2,427) (2,130) Net cash provided by (used in) operating activities 6,902 2,919 Cash flows from investing activities Purchase of property, plant and equipment (3,778) (2,713) Proceeds from sale of property, plant and equipment 80 3 Purchase of intangible assets (315) (313) Payments of leasehold and guarantee deposits (41) (5) Proceeds from refund of leasehold and guarantee deposits 2 4 Proceeds from subsidy income 1 – Other (1) (22) Net cash provided by (used in) investing activities (4,053) (3,047)
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11 (Millions of yen) Six months ended June 30, 2025 Six months ended June 30, 2026 Cash flows from financing activities Proceeds from short-term borrowings – 8,500 Repayments of short-term borrowings – (5,000) Proceeds from long-term borrowings 1,824 3,718 Repayments of long-term borrowings (2,000) (2,000) Proceeds from exercise of share acquisition rights 1,045 115 Dividends paid (675) (2,122) Repayments of lease liabilities (610) (723) Net cash provided by (used in) financing activities (416) 2,487 Effect of exchange rate changes on cash and cash equivalents (1,464) 617 Net increase (decrease) in cash and cash equivalents 967 2,976 Cash and cash equivalents at beginning of period 27,992 24,275 Cash and cash equivalents at end of period 28,959 27,251
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12 (5) Notes to Condensed Semi-annual Consolidated Financial Statements (Notes on going concern assumption) Not applicable. (Segment information) This information is omitted because the Group has a single segment of manufacturing and sale of scientific instruments.