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Message from the president
Driving Societal Progress and Sustainable Shareholder Value
In recent years, the business environment surrounding the Hamamatsu Photonics Group has remained in a cautious phase. Demand has been subdued, mainly due to excess inventories of products held by customers in the medical and bio markets. Meanwhile, during this period, we have steadily advanced preparations for future growth. These initiatives include accelerating the integration of acquired companies with the aim of establishing the laser segment as the fourth pillar of the Group’s operations, as well as constructing a new plant and building production lines in the opto-semiconductor segment.
In the current fiscal year, investment in generative AI has accelerated globally, and demand for the foundational technologies that support our digital society has been increasing rapidly. These developments are further driving demand for higher performance and quality in semiconductor devices and the equipment that incorporates them, and the technological standards required in manufacturing and inspection processes are rising to unprecedented levels. Against this backdrop of environmental change, signs of a recovery in the Group’s sales are becoming increasingly evident.
In particular, demand is expanding for the Group’s products that underpin semiconductor manufacturing and inspection—such as optical sensors and semiconductor failure analysis systems—driven by investment related to generative AI. In addition, demand is growing for microfocus X-ray sources for nondestructive inspection of server components used in data centers. These products are currently leading the Group’s performance. As they are indispensable in advanced fields where high accuracy and reliability are required, we believe they will continue to serve as core drivers supporting our growth. Medical-bio markets are also showing a gradual recovery in demand. Going forward, we will continue to aim for steady growth by providing high-performance, highly reliable products to these markets, which remain an important business foundation for the Group. Advances in technologies that utilize light, and the expansion of related industries accompanying such advances, will create new business opportunities for the Group.
We believe that sincerely addressing the challenges faced by markets and customers, continuously refining the technologies and products required, and delivering them as optimal solutions will lead to sustainable growth. It is an important management responsibility to identify what is truly valuable without being overly swayed by short-term changes in the business environment, and to strengthen the Group’s business foundation and technological capabilities from a medium- to long-term perspective in order to build a solid competitive advantage. Looking ahead to the next stage of growth, we will continue to pursue the sustainable enhancement of corporate value by driving business expansion centered on our technological strengths.
To our shareholders and investors, we respectfully ask for your continued understanding of the Group’s initiatives from a medium- to long-term perspective, and we sincerely appreciate your unwavering support.
2026 June
Representative Director and President
Chief Executive Officer
Tadashi Maruno
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