To Our Shareholders

We would like to express our deepest gratitude for your continued support. As we present the interim financial report for the 45th fiscal year, we would like to offer our greetings.

As for the business environment surrounding our corporate group, which conducts business in the semiconductor industry, the demand recovered from the inventory adjustment phase, the strong demand from local Chinese manufacturers has remained high since last fiscal year, and also the demand in the generative AI-related market remained bullish. On the other hand, the response to geopolitical risks due to the friction between the U.S. and China for semiconductors is becoming more important. Under these circumstances, the factory for semiconductor equipment in northern Malaysia (Kulim), which was completed at the beginning of the fiscal year, finished preparations for mass production, so we are increasing production output gradually. In addition, we have been steadily proceeding with factory construction in southern Malaysia (Johor Bahru), Ishikawa and Kumamoto in Japan, seizing growth opportunities as well as developing a system for mitigating geopolitical risks.

As our interim financial results, we were able to increase sales and profit year on year, by meeting demand with our production capacity, which has been enhanced so far, and sales hit a record high.
Further, we have revised our dividend standard as part of our strategy for enhancing shareholder return, raising the interim dividend from 50 yen per share to 55 yen per share and the annual dividend forecast from 100 yen per share to 110 yen per share, and decided to acquire treasury stocks in order to improve capital efficiency and return more profit to shareholders.

We are deeply grateful for the understanding and support of our shareholders, which has allowed us to pursue these initiatives. Our group will continue to strive for business growth and remain a company where shareholders can enjoy the excitement of growth. We kindly ask for your continued exceptional support.

He Xian Han, President and Group CEO
December on an auspicious day, 2024