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HAMAMATSU PHOTON IS OUR BUSINESS Fiscal Year Ending September 30 , 2026 Third Quarter Report Tokyo Stock Exchange : 6965 August 2026 © Hamamatsu Photonics K.K. and its affiliates . All Rights Reserved . 1
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2🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. • Strong performance driven by Industrial • For Semiconductor manufacturing and testing equipment +4.8（+18.6 %） • Semiconductor failure analysis systems +2.3（+34.1 %） • For Non-destructive testing equipment +2.4（+20.0 %） Sales 173.0 (YoY +11.3 ％) Operating profit 16.3 (YoY +33.1 ％) ┃FY2026 Q3 YTD Results Point ┃FY2026 Forecasts • vs Previous Forecasts * +7.0（+3.0%） Sales 239.0 Operating profit 22.0 • vs Previous Forecasts* +2.0（+10.0%） Forecasts revised upward on continued industrial demand and updated exchange rate assumptions Sales and operating profit increased YoY *Previous Forecasts announced at the time of Q2 FY2026 results (Unit: Billion yen) • Operating profit increased 33.1% YoY in Q3 YTD
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🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Agenda 02 FY2026 Forecasts 03 TOPICS 01 FY2026 Q3 YTD Results
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🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Agenda 02 FY2026 Forecasts 03 TOPICS 01 FY2026 Q3 YTD Results
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5🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Financial Results Sales and Operating profit increased YoY Industrial drove sales growth, supported by expanding AI data center investments FY2025 Q3 YTD FY2026 Q3 YTD YoY Change ％ Sales 155.4 173.0 17.5 11.3 Gross profit 75.0 (48.3 %) 83.6 (48.3 %) 8.5 11.4 Operating profit 12.2 (7.9 %) 16.3 (9.5%) 4.0 33.1 EBITDA 28.4 33.2 4.8 17.2 Net profit 9.6 12.6 3.0 31.3 (Unit: Billion yen)
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6🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Quarterly Changes 48.7 56.5 51.9 60.5 60.5 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 1.5 3.8 2.4 7.6 6.3 FY25 Q3 FY25 Q4 FY26 Q1 FY26 Q2 FY26 Q3 Sales Operating profit(Unit: Billion yen) (Unit: Billion yen)
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7🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Sales by Application FY2025 Q3 YTD FY2026 Q3 YTD YoY Change % Industrial 53.5 64.6 11.0 20.6 Medical-bio 44.4 48.1 3.7 8.5 Analytical 19.1 20.7 1.6 8.4 Academic Research 15.9 14.1 -1.7 -11.2 Measuring 7.5 9.4 1.8 25.2 Transport 3.4 3.3 -0.1 -5.4 Others / Not classified 11.3 12.5 1.1 10.4 Total 155.4 173.0 17.5 11.3 Industrial drove sales growth, supported by expanding AI data center investments (Unit: Billion yen)
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8🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Sales by Application FY2025 Q3 YTD FY2026 Q3 YTD Industrial Semiconductor manufacturing and testing 26.2 31.0 Demand for light sources and sensors for semiconductor inspection equipment remains strong Semiconductor failure analysis systems 6.9 9.3 Remained strong, supported by growing demand for HBM-related failure analysis Non-destructive testing 12.4 14.9 X-ray sources for electronic component inspection remained strong, supported by AI data center- related electronic circuit board inspection demand Factory automation 4.9 6.7 Products for servo motor encoders and servo amplifier control equipment remained strong, supported by expanding investments in AI-related semiconductors Others 3.0 2.5 Total 53.5 64.6 (Unit: Billion yen)
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9🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Sales by Application FY2025 Q3 YTD FY2026 Q3 YTD Medical-bio Radiographic testing 26.3 28.8 Remained solid, mainly for X-ray CT inspection equipment Laboratory testing 13.3 14.6 Sales of new virtual slide scanner products remained strong Others 4.6 4.7 Total 44.4 48.1 (Unit: Billion yen)
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10🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Sales by Region FY2025 Q3 YTD 155.4 Japan 34.3 (22.1 %) North America 36.7 (23.7 %) Asia 47.0 (30.2 %) Europe 36.9 (23.8 %) FY2026 Q3 YTD 173.0 Japan 37.2 (21.5 %) North America 41.6 (24.1 %) Asia 53.8 (31.1 %) Europe 40.0 (23.1 %) FY2025 Q3 YTD FY2026 Q3 YTD Change % Japan 34.3 37.2 2.8 8.2 North America 36.7 41.6 4.8 13.2 Europe 36.9 40.0 3.1 8.4 Asia (of which China) 47.0 (31.3) 53.8 (31.4) 6.8 (0.1) 14.5 (0.5) (Unit: Billion yen)
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11🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 12.2 -3.0 -1.6 16.3 5.7 3.0 Factors of Operating Profit Changes FY2025 Q3 YTD – FY2026 Q3 YTD Excluding impact of currency fluctuation FY2025 Q3 YTD Operating profit FY2026 Q3 YTD Operating profit Increase in gross profit due to increase in sales Decrease due to decline in gross profit margin Impact of currency fluctuation Increase in SG&A and R&D expenses FX sensitivity/Year (1-yen fluctuation) Exchange rate Impact of foreign exchange to operating profit FY2025 Q3 YTD FY2026 Q3 YTD ＄ 0.2 149.78 156.85 3.0€ 0.1 162.36 182.78 RMB 1.0 20.99 21.64 (Unit: Billion yen)
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12🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 14.4 13.4 14.8 23.1 22.4 23.4 39.4 41.5 41.3 FY25 Q4 FY26 Q2 FY26 Q3 Inventory Status [Inventory trends] • Inventories increased with higher orders, while CCC steadily improved • No change to target cash conversion cycle (CCC) of 240 days [CCC] Working to reduce inventory turnover days, targeting a CCC of 240 days ┃Started efforts to shorten cash conversion cycle (CCC) FY25 Q4 FY26 Q2 FY26 Q3 290 days 277 days 264 days FY28 (Target) 240 days (Unit: Billion yen) ■Work in process ■Raw materials and supplies ■Merchandise and finished goods
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13🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Orders and Backlog Trend (FY2024Q1 base) Order Trends Orders remained strong 0 0.5 1 1.5 2 FY24Q1 FY24Q2 FY24Q3 FY24Q4 FY25Q1 FY25Q2 FY25Q3 FY25Q4 FY26Q1 FY26Q2 FY26Q3 Orders Backlog Points for FY2026 Q3 ①FY2026 Q3 orders include the AIST Quantum Control Laser System order* *Disclosed in FY2026 Q2 financial results presentation materials ②Orders for Industrial remained solid 0 0.5 1 1.5 2 2.5 3 Industrial
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🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Agenda 02 FY2026 Forecasts 03 TOPICS 01 FY2026 Q3 YTD Results
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15🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2026 Forecasts Forecasts revised upward on continued industrial demand and updated exchange rate assumptions FY2025 (Actual) FY2026 (Previous Forecasts*) FY2026 (Revised Forecasts) YoY vs Previous Forecasts Change % Change % Sales 212.0 232.0 239.0 26.9 12.7 7.0 3.0 Gross profit 101.3 (47.8 %) 111.7 (48.1 %) 114.4 (47.9 %) 13.0 12.8 2.7 2.4 Operating profit 16.1 (7.6 %) 20.0 (8.6 %) 22.0 (9.2 %) 5.8 36.1 2.0 10.0 EBITDA 38.5 42.7 44.7 6.2 16.2 2.0 4.7 Net profit 14.2 16.4 17.5 3.2 23.2 1.1 6.7 Assumed exchange rates for Revised Forecasts: USD/JPY 158.25; EUR/JPY 183.43; CNY/JPY 22.10 *Previous Forecasts announced at the time of Q2 FY2026 results (Unit: Billion yen)
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16🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2026 Forecasts FY2025 (Actual) FY2026 (Previous Forecasts*) FY2026 (Revised Forecasts) YoY vs Previous Forecasts Change % Change % Industrial 74.2 90.2 91.9 17.6 23.7 1.6 1.8 Medical-bio 60.2 65.1 65.4 5.2 8.7 0.2 0.4 Analytical 25.6 27.1 27.8 2.2 8.7 0.6 2.5 Academic Research 20.3 17.1 17.8 -2.4 -12.1 0.7 4.6 Measuring 10.4 12.5 13.1 2.7 26.2 0.5 4.6 Transport 4.5 4.2 4.2 -0.3 -6.7 0 0.0 Others / Not classified 16.6 15.4 18.5 1.8 11.3 3.0 18.3 Total 212.0 232.0 239.0 26.9 12.7 7.0 3.0 *Previous Forecasts announced at the time of Q2 FY2026 results (Unit: Billion yen)
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17🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2026 Forecasts FY2025 (Actual) FY2026 (Previous Forecasts*) FY2026 (Revised Forecasts) Forecasts Industrial Semiconductor manufacturing and testing 35.8 44.2 45.9 Demand for light sources and sensors for semiconductor inspection equipment remains strong Semiconductor failure analysis systems 10.4 13.6 12.6 Demand remains strong, although some shipments and customer acceptances have been delayed Non-destructive testing 17.0 20.3 20.6 X-ray sources for battery and electronic component inspection perform strongly amid growing data center demand Factory automation 7.3 8.8 9.4 Performance is strong amid growing demand from semiconductor industry Others 3.6 3.2 3.2 Total 74.2 90.2 91.9 *Previous Forecasts announced at the time of Q2 FY2026 results (Unit: Billion yen)
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18🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Interim dividend Year-end dividend Consolidated dividend payout ratio Shareholder Return Basic policy to provide stable dividends, while also considering share buybacks as appropriate [Basic policy] Dividend payout ratio: 30 % target [Minimum policy] DOE: 3.5 % Dividend Policy *1 Disclosed on November 7, 2025 Term of the share buyback: November 10, 2025, to September 30, 2026 Total value of shares to be repurchased : Up to 20 billion yen Total number of shares to be repurchased : Up to 15 million shares ┃ Status of Share Buyback (Status of Implementation as of July 31, 2026) Total number of shares purchased: 10,627,700 shares Total cost of purchase: 19,999,619,350 yen 16 19 Amount of share repurchases *Dividends per share have been adjusted retroactively to reflect the 2-for-1 stock split effective October 1, 2024. 20 billion yen (Completed) 20 billion yen*1 (Completed) 27.0 % 27.5 % 46.8 % 80.3 % 62.8 % 20 19 19 19 19 （Forecasts） 19 19 19 36 38 38 38 38 FY22 FY23 FY24 FY25 FY26 16 19 20 19 19 19 19
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🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Agenda 02 FY2026 Forecasts 03 TOPICS 01 FY2026 Q3 YTD Results
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20🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Our business opportunities driven by AI data center-related demand 0 20 40 60 80 Growing AI data center demand is a major driver of sales growth Supporting advanced semiconductor manufacturing and inspection processes • Various light sources and optical sensors for semiconductor manufacturing and inspection equipment • Laser engines for stealth dicing equipment • Semiconductor failure analysis systems *CAGR from FY2024 actual results to Revised FY2026 sales forecasts Sales Supplying products for a wide range of applications that support AI data centers, including advanced semiconductor manufacturing and inspection, AI server board inspection, and high-speed optical communications within data centers FY2024 FY2025 FY2026 (Revised Forecasts) ■Information/communication ■Non-destructive testing ■Semiconductor failure analysis systems ■Semiconductor manufacturing and testing (Unit: Billion yen) ①Semiconductor manufacturing and inspection Main Products Semiconductor manufacturing and inspection Semiconductor failure analysis systems Sales CAGR* +18.5 % ② Server board inspection Supporting inspection processes for AI server boards • Microfocus X-ray sources for automated X-ray inspection (AXI) Main Products Non-destructive testing Sales CAGR* +12.6 % ③ High - speed optical communications Supporting high-speed optical communications within data centers • Optical sensors for optical transceiversMain Products Information/communication Sales CAGR* +43.2 %
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21🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Quantum Computer ORCA®-Quest 2 qCMOS® Camera LCOS-SLM (Liquid Crystal On Silicon - Spatial Light Modulator) Single-frequency fiber laser Koheras Series ・Uses superconducting circuits operated at extremely low temperatures ・Primarily led by major IT companies and technology firms Superconducting Neutral - atom Ion - trap Photonic High-performance, high-reliability Laser light sources, Modulators, and Detectors are widely adopted ・Atoms are trapped, arranged, and controlled using lasers ・Enables implementation of a large number of qubits ・Ions are manipulated using electromagnetic fields ・High precision in quantum computing ・Photons are used for quantum information processing ・Enables room-temperature operation Application areas of our photonics technologies
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22🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Hamamatsu Photonics Joint R&D of advanced optical systems for neutral atom quantum computing R&D of core optical components and materials, module industrialization, and global supply chain development YaqumoHamamatsu Photonics A/S * Yaqumo Inc. A startup company established based on research outcomes from the Takahashi Laboratory at Kyoto University and the Ohmori Laboratory at the Institute for Molecular Science, both of which lead global R&D in neutral atom quantum computing, one of the promising approaches to quantum computers. *Effective June 25, 2026, our subsidiary NKT Photonics A/S was renamed Hamamatsu Photonics A/S Outlook Memorandum of Understanding signed with Yaqumo on development and industrialization of advanced photonic systems for quantum computing June 4, 2026 Development and manufacturing capabilities in advanced photodetectors and imaging technologies capable of single- photon-level detection World-leading expertise in advanced laser systems and fiber laser technology Expertise in developing Ytterbium (Yb)-based neutral-atom quantum computing architectures
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🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Appendix
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24🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (A*) % Year (A*) % 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (RF*) % Year (RF*) % Sales 50,587 100.0 56,157 100.0 48,722 100.0 56,583 100.0 212,051 100.0 51,910 100.0 60,586 100.0 60,551 100.0 65,953 100.0 239,000 100.0 Cost of sales 26,169 51.7 27,997 49.9 26,254 53.9 30,247 53.5 110,669 52.2 28,248 54.4 29,991 49.5 31,186 51.5 35,174 53.3 124,600 52.1 Gross profit 24,417 48.3 28,160 50.1 22,468 46.1 26,336 46.5 101,381 47.8 23,662 45.6 30,594 50.5 29,364 48.5 30,780 46.7 114,400 47.9 Selling, G & A expenses 16,046 31.7 17,051 30.4 16,235 33.3 17,444 30.8 66,778 31.5 17,277 33.3 17,765 29.3 17,807 29.4 18,950 28.7 71,800 30.0 R&D expenses 4,089 8.1 4,611 8.2 4,723 9.7 5,014 8.9 18,439 8.7 3,980 7.7 5,208 8.6 5,225 8.6 6,185 9.4 20,600 8.6 Operating profit 4,281 8.5 6,496 11.6 1,508 3.1 3,877 6.9 16,163 7.6 2,403 4.6 7,619 12.6 6,331 10.5 5,646 8.6 22,000 9.2 Non-operating income 1,242 2.5 794 1.4 507 1.0 1,334 2.4 3,879 1.8 1,850 3.6 1,651 2.7 1,143 1.9 355 0.5 5,000 2.1 Non-operating expenses 492 1.0 194 0.3 161 0.3 391 0.7 1,240 0.6 428 0.8 612 1.0 596 1.0 -137 -0.2 1,500 0.6 Ordinary profit 5,030 9.9 7,096 12.6 1,855 3.8 4,819 8.5 18,802 8.9 3,825 7.4 8,659 14.3 6,878 11.4 6,137 9.3 25,500 10.7 Extraordinary income 2,268 4.5 691 1.2 -10 0.0 849 1.5 3,799 1.8 65 0.1 103 0.2 15 0.0 2,316 3.5 2,500 1.0 Extraordinary losses 1,237 2.4 434 0.8 201 0.4 11 0.0 1,885 0.9 2 0.0 83 0.1 20 0.0 2,194 3.3 2,300 1.0 Pre-tax income 6,062 12.0 7,353 13.1 1,644 3.4 5,657 10.0 20,716 9.8 3,888 7.5 8,679 14.3 6,873 11.4 6,259 9.5 25,700 10.8 Income taxes etc. 1,873 3.7 1,606 2.9 1,971 4.0 1,061 1.9 6,512 3.1 1,104 2.1 2,238 3.7 3,478 5.7 1,379 2.1 8,200 3.4 Net profit 4,188 8.3 5,747 10.2 -327 -0.7 4,595 8.1 14,203 6.7 2,784 5.4 6,440 10.6 3,394 5.6 4,881 7.4 17,500 7.3 Financial Results and Forecasts (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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25🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (A*) % Year (A*) % 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (RF*) % Year (RF*) % Industrial Semiconductor manufacturing and testing 8,969 17.7 9,333 16.6 7,915 16.2 9,583 16.9 35,800 16.9 8,516 16.4 10,300 17.0 12,275 20.3 14,823 22.5 45,913 19.2 Semiconductor failure analysis systems 1,851 3.7 3,473 6.2 1,648 3.4 3,485 6.2 10,457 4.9 2,166 4.2 2,786 4.6 4,394 7.3 3,290 5.0 12,637 5.3 Non-destructive testing 3,858 7.6 4,690 8.4 3,906 8.0 4,592 8.1 17,046 8.0 4,648 9.0 4,975 8.2 5,323 8.8 5,675 8.6 20,620 8.6 Factory automation 1,673 3.3 1,593 2.8 1,641 3.4 2,412 4.3 7,319 3.5 2,099 4.0 2,116 3.5 2,529 4.2 2,747 4.2 9,491 4.0 Others 974 1.9 1,134 2.0 927 1.9 621 1.1 3,656 1.7 700 1.3 921 1.5 901 1.5 722 1.1 3,245 1.4 ( Subtotal ) 17,325 34.2 20,223 36.0 16,037 32.9 20,693 36.6 74,278 35.0 18,129 34.9 21,098 34.8 25,422 42.0 27,257 41.3 91,906 38.5 Medical- bio Radiographic testing 8,131 16.1 9,764 17.4 8,433 17.3 9,996 17.7 36,324 17.1 9,103 17.5 9,990 16.5 9,718 16.0 9,261 14.0 38,072 15.9 Laboratory testing 4,905 9.7 4,350 7.7 4,121 8.5 4,102 7.2 17,478 8.2 5,270 10.2 5,704 9.4 3,704 6.1 4,174 6.3 18,852 7.9 Others 1,451 2.9 1,698 3.0 1,549 3.2 1,705 3.0 6,403 3.0 1,586 3.1 1,388 2.3 1,733 2.9 3,798 5.8 8,505 3.6 ( Subtotal ) 14,487 28.6 15,812 28.2 14,103 28.9 15,803 27.9 60,205 28.4 15,959 30.7 17,084 28.2 15,155 25.0 17,232 26.1 65,430 27.4 Analytical 6,455 12.8 6,341 11.3 6,356 13.0 6,483 11.5 25,635 12.1 6,136 11.8 7,071 11.7 7,558 12.5 7,108 10.8 27,873 11.7 Academic research 4,976 9.8 6,118 10.9 4,838 9.9 4,414 7.8 20,346 9.6 4,530 8.7 5,285 8.7 4,326 7.1 3,751 5.7 17,892 7.5 Measuring 2,434 4.8 2,627 4.7 2,459 5.0 2,902 5.1 10,422 4.9 3,011 5.8 3,167 5.2 3,239 5.3 3,733 5.7 13,151 5.5 Transport 1,215 2.4 1,204 2.1 1,075 2.2 1,010 1.8 4,504 2.1 1,054 2.0 1,167 1.9 1,084 1.8 899 1.4 4,203 1.8 Information/communication 397 0.8 526 0.9 544 1.1 571 1.0 2,038 1.0 544 1.0 597 1.0 461 0.8 548 0.8 2,149 0.9 Optical/photographic 588 1.2 783 1.4 737 1.5 1,110 2.0 3,218 1.5 954 1.8 1,190 2.0 754 1.2 967 1.5 3,864 1.6 Consumer 281 0.6 207 0.4 106 0.2 78 0.1 672 0.3 76 0.1 137 0.2 128 0.2 87 0.1 428 0.2 Others / Not classified 2,429 4.8 2,316 4.1 2,467 5.1 3,519 6.2 10,733 5.1 1,518 2.9 3,790 6.3 2,423 4.0 4,372 6.6 12,103 5.1 Total 50,587 100.0 56,157 100.0 48,722 100.0 56,583 100.0 212,051 100.0 51,910 100.0 60,586 100.0 60,551 100.0 65,953 100.0 239,000 100.0 Sales by Application (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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26🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) 2Q (A*) 3Q (A*) 4Q (A*) Year (A*) 1Q (A*) 2Q (A*) 3Q (A*) 4Q (RF*) Year (RF*) Electron tube 19,072 18,443 16,599 18,352 72,467 18,662 20,122 20,595 22,320 81,700 Opto- semiconductor 18,434 21,172 19,620 21,245 80,472 20,109 23,358 23,914 25,418 92,800 Imaging and measurement instruments 6,750 9,302 6,876 9,852 32,781 7,386 9,994 8,443 8,276 34,100 Laser 5,276 6,080 4,950 6,148 22,455 4,678 5,847 6,440 8,634 25,600 Others 1,052 1,158 675 988 3,874 1,072 1,263 1,157 1,307 4,800 Total 50,587 56,157 48,722 56,583 212,051 51,910 60,586 60,551 65,953 239,000 Segment Sales Results and Forecasts (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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27🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (A*) % Year (A*) % 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (RF*) % Year (RF*) % Sales 19,072 100.0 18,443 100.0 16,599 100.0 18,352 100.0 72,467 100.0 18,662 100.0 20,122 100.0 20,595 100.0 22,320 100.0 81,700 100.0 Cost of sales 8,797 46.1 8,430 45.7 7,759 46.7 8,484 46.2 33,471 46.2 8,868 47.5 8,956 44.5 8,665 42.1 9,510 42.6 36,000 44.1 Gross profit 10,274 53.9 10,012 54.3 8,840 53.3 9,869 53.8 38,996 53.8 9,793 52.5 11,166 55.5 11,930 57.9 12,810 57.4 45,700 55.9 Selling, G & A expenses 4,147 21.7 4,054 22.0 3,381 20.4 4,261 23.2 15,844 21.9 3,925 21.0 4,183 20.8 3,785 18.4 3,806 17.1 15,700 19.2 R & D expense 990 5.2 1,090 5.9 1,084 6.5 1,034 5.6 4,198 5.8 951 5.1 1,025 5.1 1,121 5.4 1,202 5.4 4,300 5.3 Segment profit 5,137 26.9 4,868 26.4 4,374 26.4 4,574 24.9 18,953 26.2 4,915 26.3 5,957 29.6 7,024 34.1 7,803 35.0 25,700 31.5 Electron tube segment Segment Results and Forecasts (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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28🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (A*) % Year (A*) % 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (RF*) % Year (RF*) % Sales 18,434 100.0 21,172 100.0 19,620 100.0 21,245 100.0 80,472 100.0 20,109 100.0 23,358 100.0 23,914 100.0 25,418 100.0 92,800 100.0 Cost of sales 11,093 60.2 13,096 61.9 12,175 62.1 13,257 62.4 49,621 61.7 12,540 62.4 13,685 58.6 14,332 59.9 16,443 64.7 57,000 61.4 Gross profit 7,341 39.8 8,076 38.1 7,445 37.9 7,988 37.6 30,851 38.3 7,569 37.6 9,672 41.4 9,582 40.1 8,976 35.3 35,800 38.6 Selling, G & A expenses 3,293 17.9 3,843 18.2 3,364 17.1 4,089 19.2 14,590 18.1 3,908 19.4 3,962 17.0 4,135 17.3 3,994 15.7 16,000 17.2 R & D expense 635 3.4 935 4.4 975 5.0 1,130 5.3 3,676 4.6 442 2.2 1,101 4.7 533 2.2 824 3.2 2,900 3.1 Segment profit 3,412 18.5 3,297 15.6 3,106 15.8 2,768 13.0 12,583 15.6 3,218 16.0 4,608 19.7 4,914 20.5 4,159 16.4 16,900 18.2 Opto-semiconductor segment Segment Results and Forecasts (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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29🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (A*) % Year (A*) % 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (RF*) % Year (RF*) % Sales 6,750 100.0 9,302 100.0 6,876 100.0 9,852 100.0 32,781 100.0 7,386 100.0 9,994 100.0 8,443 100.0 8,276 100.0 34,100 100.0 Cost of sales 2,897 42.9 4,214 45.3 3,267 47.5 3,728 37.8 14,107 43.0 3,407 46.1 4,142 41.4 4,215 49.9 3,935 47.5 15,700 46.0 Gross profit 3,853 57.1 5,087 54.7 3,608 52.5 6,126 62.2 18,674 57.0 3,978 53.9 5,851 58.5 4,227 50.1 4,342 52.5 18,400 54.0 Selling, G & A expenses 1,814 26.9 1,969 21.2 1,652 24.0 2,696 27.4 8,132 24.8 1,993 27.0 2,204 22.1 2,128 25.2 2,175 26.3 8,500 24.9 R & D expense 170 2.5 153 1.6 203 3.0 317 3.2 843 2.6 410 5.6 3 0.0 461 5.5 625 7.6 1,500 4.4 Segment profit 1,868 27.7 2,964 31.9 1,752 25.5 3,114 31.6 9,698 29.6 1,574 21.3 3,644 36.5 1,637 19.4 1,543 18.6 8,400 24.6 Imaging and measurement instrument segment Segment Results and Forecasts (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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30🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. FY2025 FY2026 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (A*) % Year (A*) % 1Q (A*) % 2Q (A*) % 3Q (A*) % 4Q (RF*) % Year (RF*) % Sales 5,276 100.0 6,080 100.0 4,950 100.0 6,148 100.0 22,455 100.0 4,678 100.0 5,847 100.0 6,440 100.0 8,634 100.0 25,600 100.0 Cost of sales 3,005 57.0 3,187 52.4 2,870 58.0 3,951 64.3 13,013 58.0 3,154 67.4 2,936 50.2 3,292 51.1 4,817 55.8 14,200 55.5 Gross profit 2,271 43.0 2,893 47.6 2,079 42.0 2,198 35.8 9,441 42.0 1,524 32.6 2,910 49.8 3,147 48.9 3,817 44.2 11,400 44.5 Selling, G & A expenses 2,436 46.2 2,430 40.0 2,237 45.2 2,763 44.9 9,866 43.9 2,610 55.8 2,651 45.3 2,780 43.2 2,958 34.3 11,000 43.0 R & D expense 807 15.3 861 14.2 1,024 20.7 1,246 20.3 3,939 17.5 898 19.2 1,750 29.9 1,788 27.8 1,563 18.1 6,000 23.4 Segment profit -973 -18.4 -398 -6.5 -1,181 -23.9 -1,813 -29.5 -4,365 -19.4 -1,984 -42.4 -1,490 -25.5 -1,421 -22.1 -704 -8.2 -5,600 -21.9 Laser segment Segment Results and Forecasts (Unit: Million yen) *A = Actual; RF = Revised Forecasts Rounded down to nearest million yen
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31🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. Notes ◼ This material is not intended to be a solicitation to buy or sell any securities of Hamamatsu Photonics K.K. ◼ The information contained in this material is based on data available at the time of its preparation. No representations or warranties are made as to the accuracy or completeness of this information. ◼ This material includes uncertain factors such as risks, economic trends and industry demands that affect actual business performance. ◼ Actual results may differ materially from our forecasts and forward-looking statements.
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🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 32