V Technology Co.,Ltd.

The company described in this report is a group company whose core businesses are semiconductor and photomask equipment and FPD equipment, alongside IT, agricultural and other businesses. The group comprises the “Group,” including the company itself, 22 consolidated subsidiaries and 4 equity-method affiliates, and provides the development, design, manufacture and sale of manufacturing equipment and related services in Japan and overseas. Production is basically conducted under a fabless model. FPD equipment is manufactured by contract manufacturers, while some semiconductor and photomask equipment may be manufactured at the YRP Innovation Center. The group also reviews its business portfolio as appropriate. Over the medium term, it plans to concentrate resources on the “Advanced Packaging” field and increase the proportion of sales generated by its semiconductor business, with ROE designated as a key medium- to long-term performance indicator. It is targeting ROE of 20% or more in the fiscal year ending March 2029, the final year of its medium-term plan. The group states that it will pursue higher profitability through research and development, business expansion and capital allocation in its priority fields.