FY2023 Second Quarter(Fiscal Year Ending March 2024)

FINANCIAL RESULTS BRIEFING

November 24, 2023

JEOL Ltd.

Becoming a top niche company supporting
science and technology around the world
Company Philosophy
On the basis of "Creativity" and "Research and Development",
JEOL positively challenges the world's highest technology, thus
forever contributing to the progress in both Science and Human
Society through its products.

Vision“Evolving in the 70th Year”
Accelerate business expansion and achieve even higher profitability
based on our unique technologies and human networks which havebeen developed since the company's founding.

Mid-Term Management Plan

“Evolving Growth Plan”
We aim to improve customer satisfaction by enhancing
our R&D, manufacturing, and service capabilities.

Promote Innovation by co-creation2

Growth vision of “Evolving in the 70th Year” remains unchanged
Expand business scale and achieve higher profitability

産業機器

Service3

医用機器

3D Printing

生化学自動分析装置

電子ビーム蒸着用電子銃

免疫分析装置qNMR（定量 NMR）法CRYO ARM™

半導体機器

受託分析

電子ビームマスク描画装置

設置室環境

電子ビーム直接描画装置

リユース

半導体 TEM

Promote Innovation by co-creation

Strengthen and develop YOKOGUSHI Strategy
Provide comprehensive solutions that support cutting-edge technologies

Innovative
Battery

Green
Technology

Nano
Material

Element
Strategy

Quantum
Technology

5G/6G
Infrastructure

Sustainable

Next Generation

GlobalEnvironmental
Analysis

Material

Hydrogenbased
Society

Light-Emitting

Element

Infection
ControlMeasures

Food
Analysis
NEXT Generation
Semiconductor

Single Cell
Analysis
Structural
Life Science

Drug
Development
Forensic
Science

Metabolome

Wavelength

S
E
M

S
P
M

E
P
M
A

X
P
S

A
E
S

S
I
M
S

μ

T
E
M

E
D

X
R
D

X
R
F

C
M

O
M

V
i
s

U
V

I
R

R
a
m

E
S
R

N
M
R

M
S

●

●

●

I
C
P

G
C

DX Platform
SI Instruments

●

●

●

●

●

●

●
● (CA)

Medical Equip.
Industrial Equip.

● (SB/EB/ST/AM)

Solutions
Research
Environment
Development

4

PresalesServices

Subscription

Aftersales
Services

R＆D
SupportTailoredApplication
SupportLC

TAMid-Term Management Plan “Evolving Growth Plan”(FY 2022-2024)
Mid-Term Management plans since FY 2010▪

▪
▪

Step 1 （FY13-15）

Step 2 （FY13-15）

Improve our businessfoundation

Shift toward growthstrategies

CHALLENGE 5

Dynamic Vision

Management structurereforms•

Reduce the number of employees andother structural reforms, Restructuregroup companies•••

Corporate culture reforms
Visualization, PDCA, market reforms•

Deep cultivation ofdeveloping markets•

Establish local subsidiaries in Brazil,
Russia, India, China and othercountries

Step 3 （FY16-18）

Step 4 （FY19-21）

Concrete growthstrategy

Accelerate growth and takethe next steps

Triangle Plan

Triangle Plan 2022

▪ SpeedPursue high-throughput
functionality and speed up
development

Strengthen productdevelopments▪ Diﬀerence

Improve manufacturing abilities▪
▪
▪

Enhance core technologies▪

Make the required investments andimprove profitability

Proactive entry into growth markets
Provide total solutions

Launch ONLY-ONE(unique) JEOL
products, inculcate YOKOGUSHI

Enhance our brand power
YOKOGUSHI strategy full-scale
start
Implement capital policies(public
offering& Nikon alliance)▪ Change
Shift from academia to private
demand and from physicalproducts to services

Convert JRI into consolidated
subsidiary

Step 5 （FY22-24）
Expand the business scale and achieve
higher profitability

Evolving Growth Plan▪
▪
▪
▪

Strengthen and develop YOKOGUSHI strategy
Build barriers to entry, improve profitability
Continue to implement new strategies
Strengthen business support

Net Sales/Operating Profit Transition
Consolidated

Operating income

net sales(loss)

83.2

75.3
1.4％
1.0

2010

99.3
79.6

- 1.4％

3.7％

- 1.2

3.0

2011

Operating margin

2012

107.4

95.4
6.1%

3.1%

6.0

2013

5.7%
2.1%

2.9

2014

6.1

2015

3.8%

2017

110.4

6.0%

6.0%

4.7%

6.7

70

5.2

3.9

2.1

2016

117.2

111.3

104.6

99.7

138.4
10.2%

2018

2019

2020

14.1

2021

172.0
(Billion JPY)
162.7
14.8%
14.2%
24.2

2022

5

¥79

2023
(Forecast)

Exchange rate (1$=)

¥85

24.5

¥83

¥100

¥110

¥120

¥109

¥111

¥111

¥109

¥106

¥113

¥135

¥141

(FY)

Summary

Evolving Growth Plan

Accelerate business scale expansion and achieve higher
profitability by further implementing the “Evolving in 70th Year”

FY2023 1st Half Result

Recorded the highest sales and profit
Orders and backlogs also reached record highSemiconductor Market

Demand for multi-beam mask writer (MBMW) has been affected by theslow recovery of the semiconductor market, while demand for singlebeam mask writer remain strong, especially in China, due to demandfor power semiconductors, etc.

FY2023 Forecast

Mid-Term Management Plan
Evolving Growth Plan
-Initiatives

6

Net sales 172 billion yen, operating profit 24.5 billion yen
ordinary profit 25 billion yen, net profit 18 billion yen

1. Build barriers to entry and improve profitability
2. Expand business in growing markets such as semiconductors, drug
discovery, batteries, etc.

INDEX
1. FY 2023 2Q result and FY2023 forecast

2. Business status of each segment
2-1. Scientific/Metrology Instruments
2-2. Industrial Equipment

2-3. Medical Equipment

3. Summary71. FY2023 2Q result and FY2023 Forecast

FY2023 2Q Results (P/L)
Record high for the 1st half of the year
(100 million JPY)

Consolidated figures (P/L)

FY2022 2Q
Result (1)FY2023 2Q
Result (2)Year-on-Year(2)-(1)

1 Net sales

647

687

40

2 Sales cost

356

357

1

（54.9%）（51.9%）（- 3.0%）3

9(Cost rate)

4 Gross profit

292

330

38

5 SGA

178

195

17

6 R&D cost

45

53

7

7 SGA total

223

247

25

8 Operating profit

69

83

14

9 Non-operating income

21

20

-0

10 Non-operating expenses

1

1

-0

11 Ordinary profit

88

102

13

12 Extraordinary income

10

2

-8

13 Extraordinary loss

2

1

-1

14 Net profit before tax

96

102

6

15 Corporate taxes

24

27

3

16 Net profit

72

75

3

Exchange rate (1$=)

¥133

¥141

Exchange rate (1€=)

¥139

¥154

Factors for fluctuating ordinary profit(year-on-year)（100 million JPY）

(A) Positive Factors
1. Improved cost rate, etc.

39
15

2. Exchange margin(yen depreciation)
3. Sales volume increase

13(B) Negative Factors
2. R&D cost increase

- 25
- 17
-7

(A)+(B)14

1. SGA increase11

Transition of Consolidated Sales & Operating Profit by Segment (Cumulative 2Q)(100 million JPY)

FY 2021
2Q result

FY 2023
2Q result

Net sales

534

647

687

Operating profit

37

69

83

Ordinary profit

47

88

102

Net profit

37

72

75

Net sales

295

358

441

Operating profit

-7

-1

37

Net sales

145

205

172

Operating profit

58

93

70

Net sales

94

85

74

Operating profit

8

3

5

Operating Expenses

23

26

29

Exchange rate (1$=)

¥ 110

¥ 133

¥ 141

Exchange rate (1€=)

¥ 131

¥ 139

¥ 154

Company Total

Scientific/Metrology
Instruments
Industrial
Equipment

MedicalEquipment
Company Total

10

FY 2022
2Q result

FY2023 Forecast (P/L)
Consolidated net sales ¥172 billion, Operating profit ¥24.5 billion, Ordinary profit ¥25 billion, Net profit ¥18 billion(100 million JPY)

Consolidated figures (P/L)
FY22 FullYear Result (1)FY23 Full-year
Forecast (2)(as of Nov 2023)(2)-(1)

Factors for fluctuating ordinary profit(year-on-year)(100 million JPY)

Year-on-Year

1 Net sales

1,627

1,670

1,720

93

2 Sales cost

900

957

949

49

(Cost rate)(55.3%)(57.3%)(55.2%)( - 0.1%)

4 Gross profit

727

713

771

44

5 SGA

382

394

413

31

6 R&D cost

104

109

113

9

7 SGA total

485

503

526

41

8 Operating profit

242

210

245

3

9 Non-operating income

8

5

8

10 Non-operating expenses

15

0

3

0
- 12

11 Ordinary profit

235

215

250

15

12 Extraordinary income

10

0

2

-8

13 Extraordinary loss

8

1

2

-6

14 Net profit before tax

237

214

250

13

15 Corporate taxes

59

59

70

11

16 Net profit

178

155

180

2

Exchange rate (1$=)

¥ 135

¥ 130

¥ 141

Exchange rate (1€=)

¥ 141

¥ 140

¥ 153

3

11

FY23 Full-year
Forecast(as of May, 2023)(A) Positive Factors

58

1. FX margin(Yen depreciation)
2. Sales volume increase27(B) Negative factors- 55

1. SGA increase- 31

2. Cost deterioration, etc.

- 14

3. R&D cost increase-9(A)+(B)

3

31

Factors of Increase/Decrease in Profit
Ordinary profit analysis(100 million JPY)
Sales
volumeincrease
Improved
cost, etc.
Exchange
margin(weak yen)

+102

Sales
volumeincrease+35
Exchange
margin(weak yen)

+36

+31

+27
- 31

- 55
SGA
increase

SGA
increase- 19
R&D cost
increase

- 14
Cost
-9
deterioration,
R&D cost
etc.
increase

FY22
Result242
FY21
Result

141

12

FY23
Forecast245

Transition of Consolidated Sales & Operating Profit by Segment (Full-year)(Billion JPY)

FY2021
Full-year result

FY2022Full-year result

FY2023

FY20223

Full-year forecast

Full-year forecast(as of May, 2023)(as of Nov, 2023)

Net sales

138.4

162.7

167.0

172.0

Operating profit

14.1

24.2

21.0

24.5

Ordinary profit

16.3

23.5

21.5

25.0

Net profit

12.3

17.8

15.5

18.0

Net sales

85.1

94.8

104.8

112.3

Operating profit

4.8

5.8

6.8

11.5

Net sales

34.0

49.5

44.5

44.5

Operating profit

13.1

23.3

20.0

18.4

Net sales

19.3

18.4

16.7

15.2

Operating profit

1.1

0.5

0.2

0.5

Operating Expenses

4.9

5.4

6.0

6.0

Exchange rate (1$=)

¥ 113

¥ 135

¥ 130

¥ 141

Exchange rate (1€=)

¥ 131

¥ 141

¥ 140

¥ 153

Company Total

Scientific/Metrology
Instruments

Industrial
Equipment
MedicalEquipment
Company Total

13

Transition of Major Accounts
2nd Quarter(100 million JPY)

FY2021
2Q result(Consolidated)

FY2022
2Q result

FY2023
2Q result

Full-year(Consolidated)(100 million JPY)

FY2021

FY2022

FY2023Full-year result

Full-year result

Full-year forecast

Inventory

652

706

821

Inventory

591

688

735

Interest-bearing
debt

214

140

90

Interest-bearing
debt

166

115

145

1,896

1,993

2,157

859 (45.3%)

1,019 (51.1%)

1,181 (54.8)

50 JPY

66 JPY

74 JPYNet assets

774 (46.0%)(capital-to-asset)

927 (49.0%) 1,094 (53.4%)

Total assets
Net assets

Dividend (JPY)

14 JPY

30 JPY

33 JPY

Overseas sales
ratio

68.0%

75.4%

66.7%

Dividend (JPY)

838

899

1,092

Capitalinvestment

69

37

50

913

1,187

1,361

Depreciation
cost

41

47

48

1,712

1,647

1,720

936

956

956

63.4%

70.7%

67.0%

ROE

17.9%

19.0%

16.4%

ROIC*

11.1%

16.7%

14.4%

PBR

x 4.08x 2.13—

Consolidated Orders
received
Consolidated
Order backlog

2Q Transition of Consolidated Orders, Sales and Backlog
Orders
Received

Sales

Order
backlog(capital-to-asset)

Consolidated
Orders received
Consolidated
Order backlog
Overseas sales
ratio

Capital Efficiency Indicators

FY20
resultFY21
resultFY22
resultFY23
result* Based on internal management regulations

14

Business Environment
Scientific and Metrology Instrument orders continue to be strong. Semiconductor market is still in an adjustment phase.
Overview

ScientificandMetrology
Instruments

Industrial
Equipment

Universities andGovernmental
DemandPrivate Demand(Semiconductor)
Private Demand(other industries)

Lithography
System Market

EB Source
MarketMedicalEquipment

15

Governments continue to invest actively in science and technology(Good)

Steady inquiries in Europe, the U.S., and China
TEM inquiries continue to be strong, especially in Taiwan, Korea and China(Good)

Increasing demands for electron microscopes (TEM, SEM, etc.) due to miniaturization andcomplexity of semiconductors

R&D investments for next-generation batteries continue(Good)(Mixed)(Slow)

Japan

Multi-beam mask writers is slow due to a delay in the recovery of EUV
investments, but growth is expected to continue over the mid to long term.
Single-beam mask writers for legacy nodes continue to perform well due todemand for power semiconductors especially in China.
Softening demands for smartphones has led to weaker demand of e-beamsourceDemand of biochemistry analyzer is increasing, mainly for test centers.
(Good)

Overseas
Market(Slow)

Decrease in orders and sales mainly to China due to the impact ofthe ‘buy Chinese’ policy.

2. Business status of each segment
2-1. Scientific/Metrology Instruments

Scientific/Metrology Instruments Segment

2nd Quarter(100 million JPY)

(Net Sales)

Net sales

Consolidated Net Sales and Operating Profit Transition

Full-year(100 million JPY)

(Net Sales)

Operating profit

Net sales

Operating profit

1,123
948

(OP)

851
706

115

(OP)

358

441

295

301

48

37
12

-3

-7

-1

FY20
ResultFY21
ResultFY22
ResultFY23
ResultExchange rate(1$=) ¥ 107

¥ 110

¥ 133

¥ 141

Exchange rate(1€=) ¥ 121

¥ 131

¥ 139

¥ 154

17

58

FY20
ResultFY21
ResultFY22
Result

FY23
Forecast

Exchange rate(1$=)

¥ 106

¥ 113

¥ 135

¥ 141

Exchange rate(1€=)

¥ 124

¥ 131

¥ 141

¥ 153

Scientific and Metrology Instrument
Continue efforts for profit enhancement through further development of Scientific and Metrology Instruments, suchas electron microscopes

Expansion in overseas markets

Development of differentiated products
World-leading technology
proven by track record inacademia research of
cutting edge technologies
Development of innovative
products

Growth in electron
microscopes market driven
by overseas markets, such
as Asian countries
including China
ProfitEnhancement

Subscription /Sharing Service

Further penetration incommercial use, including
Applied R&D and QA / QC
purposeExpansion in the private sectors

18

Increasing acquisition-rateof service business fromoverseas customers
Providing innovative
service businesses

Equipment Sales(Re-use)Contracted Analysis

Improvement of service business acquisition rate

Analysis Solutions for Semiconductor (Specimen transfer workflow)◼

◼

Provides a reliable and high-throughput workflow from sample preparation process using Focused Ion Beam System(FIB) to observation with Transmission Electron Microscopy (TEM)
Received a package order for JEM-ACE200F and JIB-PS500i from a Semi-related (Semiconductor) company

FIB-SEM Holder

Double tilt holder

JIB-PS500i

JEM-ACE200F

FIB-SEM system

High-throughput Analytical
Electron Microscope

TEM lamella prepared by FIB (SEM Image)Specimen: FinFET (5nm process)19

TEM Specimen Holder

Cross section STEM image by JEM-ACE200F

Solutions for Next-generation Battery◼

◼

◼

Battery materials require sample preparation, observation, and analysis under air-isolated condition to avoid material
alteration
JEOL provides a wide range of analytical instruments with YOKOGUSHI solutions for evaluation and inspection in eachprocess from R&D to manufacturing
Received a package order for multiple sets of SEM for quality control purpose from a EV battery company in US
Manufacturing
Process

Transmission Electron
Microscope (TEM)

Positive/Negative
Electrode materials

Auger Electron Spectrometer
AES)
Focused Ion Beam System (FIB)

R&D
Separator

Nuclear Magnetic Resonance
Spectrometer (NMR)

Quality
Control
Electrolyte
Fabrication

Preparation of
raw materials

Coating / Press

Cell assembly

Aging
Charging cycle test

20

Positive/Negative
Electrode materials

Scanning Electron
Microscope (SEM)

Electron Probe Microanalyzer(EPMA)

Positive/Negative
Electrode materials

Winding, Extrusion, Drawing(cathode, anode, current collector,
separator, electrolyte)

Check battery performance
Check deterioration process

X-ray Photoelectron
Spectrometer (XPS)■ Positive■ Negativeelectrodeelectrode ■ Electrolytematerials ■ Separator materials

Gas Chromatograph Mass Spectrometer(GC-MS)

XtaLAB Synergy-ED Official Website Launched
◼

◼

◼

21

(Launched in August 2023）

Launched the official XtaLAB Synergy-ED website (https://www.synergy-ed.com/) to promote the product anddisseminate useful information for customers' research and development
XtaLAB Synergy-ED is an electron diffractometer jointly developed by Rigaku and JEOL
By integrating the flow from selection of measurement samples (nanocrystals) to data collection and analysis, electron
diffraction structure analysis can be easily done without any special skills in electron microscopy and crystallography
The website features solutions and application notes of XtaLAB Synergy-ED as well as a gallery of analysis data from avariety of fields, including pharmaceuticals and new materials

New Scanning Electron Microscope JSM-IT710HR/JSM-IT200◼

◼

(Launched in July 2023）

New SEMs (JSM-IT710HR/JSM-IT210) make it easy to acquire data for a wide range of purposes from basic research
to quality assurance on a wide rage of application including metals, semiconductors, batteries, polymers, and life
science
These new-generation SEMs incorporate the next level of intelligent technology and automation for ease of operationand fast, high-resolution imaging and analysis

JSM-IT210

JSM-IT710HR“Simple SEM” function enables automatic measurements

Specimen: Electronic device

22Solid-state NMR Probe with the World’s Fastest Sample Rotation◼

◼

◼

A joint research group of RIKEN Center for Biosystems Dynamics, School of Department of Life Science and Technology of
the Tokyo Institute of Technology, and JEOL has developed a detector (probe) capable of ultra-fast magic-angle rotation(MAS) at a rotation speed of 180 kHz, the fastest in the world, for solid-state nuclear magnetic resonance (NMR)
As shown in the lower right figure, a significant improvement in sensitivity and resolution in proportion to the rotation speed has
been confirmed. Since the measurement speed is proportional to the square of the sensitivity, a measurement at 180 kHz canbe made in a quarter of the time required at 100 kHz.
The result of this research is expected to help advanced highly sensitive detection of ultra-trace amounts of biological samples
and nano-materials, and analysis of trace amounts of amyloid-β peptide derived from the brain, which is involved in
Alzheimer’s disease

0.4mmφ MAS Rotor

0.75mmφ MAS Rotor

Newly developed probe (left) and MAS rotor (sample tube) with a diameter of 0.4 mm (right)

23（Released in July 2023）

MS (Mass Spectrometer)：”msFineAnalysis AI” Unknown Compounds Structure
Analysis Solution
Increasing inquiries for mass spectrometers (MS), due to "msFineAnalysis AI" that realizes qualitative analysis of
unknown compounds

msFineAnalysis AI Solution
GC-TOFMS
Technology(JMS-T2000GC)

Accurate mass analysis using GC-TOFMS= Composition
prediction of observed ion
Acquisition of molecular formula using soft ionization method
Database of 100 million compounds using AI technology createdSoft Ionization
Technology(EI/FI, EI/PI, CI)

AI Structure
Analysis
Technology(msFineAnalysis AI)

msFineAnalysis AI uses a complementary combination of deep learning andmachine learning with different characteristics
Main AI (Structure Analysis)

Support AI (Partial Structure Prediction)
Predicated mass
spectraMeasured mass
spectraPresence
Absence

100 million compounds
structural formula

24

Neural Network

100 million predictedmass spectra

Regression

Contains a predictive mass spectral database of
approximately 100 million compounds

Predicts partial structure from measured mass spectrum

Provides structural formula even for unknown compound

Predicts presence or absence of 48 partial structures

2. Business status of each segment
2-2. Industrial Equipment Segment

Industrial Equipment Segment

2nd Quarter

Consolidated Net Sales and Operating Profit Transition(100 million JPY)

Net sales

Full-year(100 million JPY)

Operating profit

Net sales

Operating profit

495
445
340

205

240

233

172

184

145
120

131

93
41

58

70

73

FY20
ResultFY21
ResultFY22
Result

FY23
Forecast

FY20
ResultFY21
ResultFY22
ResultFY23
ResultExchange rate(1$=) ¥ 107

¥ 110

¥ 133

¥ 141

Exchange rate(1$=)

¥ 106

¥ 113

¥ 135

¥ 141

Exchange rate(1€=) ¥ 121

¥ 131

¥ 139

¥ 154

Exchange rate(1€=)

¥ 124

¥ 131

¥ 141

¥ 153

26

Acquisition of Shares of IMS NANOFABRICATION
◼

◼

27

Acquired 2.5% stake in IMS Nanofabrication Global, LLC, a majority-owned subsidiary of Intel Corporation, further
strengthening our relationship in both technology and business as a strategic partner in Multi-Beam Mask Writer(MBMW)
MBMW is essential in the advanced semiconductor process for the continuation of Moore's Law.

Strong Demand of Single-Beam Mask Writer◼

◼

Demand of single-beam mask writer for legacy node is strong, especially in China, due to power semiconductor
devices demand.
Enhancing overseas service structure (installation of training back-up equipment, etc.)

Design rule
Node (nm)Single-Beam Mask Writer

JBX-3200MV Electron Beam Lithography Systemfor 28nm to 22/20nm note mask/reticle production

JBX-3050MV Electron Beam Lithography System
for 45nm to 32nm note mask/reticle production

Multi-Beam Mask Writer

28

Strong Demand of a Spot Type Electron Beam Lithography system (SB)◼

◼

Applications for SBs include R&D for next-generation devices, production of sensors used in anti-collision systems forautomotive, and production of DFB (Distributed Feedback) lasers used in communication base stations for 5th and 6th
generation mobile communication systems (5G/6G)
Strong inquiries and orders due to active investments in semiconductor research by governments around the world

Cross section image of a minimum width line (×200 k)

With ZEP520A (by ZEON) at thickness 40 nm, using the low-temperatureeffect, a line width of 4.2 nm can be achieved.

JBX-8100FS Electron Beam Lithography System

29

Next Generation Industrial Electron Beam Metal 3D printer (AM machine)◼

◼

JAM-5200EBM Electron Beam Metal AM Machine (3D Printer) has been installed at Cumberland Additive Inc. (CAI)
located at ‘Neighborhood 91,’ an end-to-end AM (Additive Manufacturing) production campus at Pittsburgh International
Airport in Pennsylvania, USA
Starting sales activities of 3D printers in the US through a partnership with CAI
Plan to deliver a tool to a partner in Europe by the end of FY2023

Modeling Examples

In front of JAM-5200EBM at Cumberland Additive（October 4, 2023）
From left, Mr. Shiota (Corporate Officer, JEOL), Mr. Tazawa (Director & Senior
Executive Officer, JEOL), Dr. Dawne Hickton (Chair and CEO, CAI), and Mr. Bob
Pohorenec (President, JEOL USA Inc.)

30

Material: Ti64

Material: Nickel-based superalloy

Gear box

Impeller with shroud

Material: Pure copper

Material: Ti64

Heat sinkAcetabular cup

2. Business status of each segment
2-3. Medical Equipment Segment

Medical Equipment Segment

2nd Quarter

Consolidated Net Sales and Operating Profit Transition(100 million JPY)

Net sales

Full-year(100 million JPY)

Operating profit

Net sales

193

Operating profit

184

159

94

85

73

152

74

7

8

3

5

9

11

5

5

FY20
ResultFY21
ResultFY22
ResultFY23
Result

FY20
ResultFY21
ResultFY22
Result

FY23
Forecast

Exchange rate(1$=) ¥ 107

¥ 110

¥ 133

¥ 141

Exchange rate(1$=)

¥ 106

¥ 113

¥ 135

¥ 141

Exchange rate(1€=) ¥ 121

¥ 131

¥ 139

¥ 154

Exchange rate(1€=)

¥ 124

¥ 131

¥ 141

¥ 153

32

Exhibited at “JACLaS EXPO 2023”◼
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Attended JACLaS EXPO 2023 in Yokohama Japan from October 6 to 8, 2023
Attendance：11,000 (8,365 in 2022)
The booth concept is “Touch! Find! to experience the BM CORE ( JEOL’s strengths) that only JEOL can realize”

A Booth is divided into 4 zones according to concept

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3. Summary

Summary

Becoming a top niche company supporting
science and technology around the world
Company Philosophy
On the basis of "Creativity" and "Research andDevelopment", JEOL positively challenges the world's
highest technology, thus forever contributing to theprogress in both Science and Human Society through its
products.

Vision“Evolving in the 70th Year”
Accelerate business expansion and achieve even higher
profitability based on our unique technologies and human networks
which have been developed since the company's founding.

Mid-Term Management Plan

“Evolving Growth Plan”
We aim to improve customer satisfaction by enhancing
our R&D, manufacturing, and service capabilities.

Promote Innovation by co-creation

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Note on document handling
Information provided by this document and presented orally by our representative contains assumptions and beliefs basedon data currently available.
Readers should be aware that actual results could differ materially from this outlook due to various known and unknown
factors that impact our performance such as economic trends, upturn or downturn in the semiconductor industry, andchanges in R&D spending.
@ 2023 JEOL Ltd.