SOLIZE Holdings Corporation Q2 FY2025 earnings call

• Organizational Restructuring: • Transitioned to a holding company structure in July 2025, renamed from SOLIZE Co., Ltd. to SOLIZE Holdings Co., Ltd., split into 3 core operating subsidiaries • SOLIZE PARTNERS: Handles core traditional engineering and manufacturing business, leads global expansion covering India, Thailand and other regions • SOLIZE Ureka Technology: Focuses on cutting-edge technology services including AI, Software Defined Vehicle (SDV), cybersecurity consulting and engineering • +81: Focuses on new business development in the software domain, incubates new business lines and pursues external M&A to accelerate growth

• Business Expansion and Capability Upgrades: • Expanded business scope upstream and downstream: Entered customer R&D concept proofing via 3D printing, expanded from prototype manufacturing to small-batch mass production • Expanded beyond traditional hardware to new growth areas: software, cybersecurity risk management, AI • Completed two M&A deals in 2025: acquired a Canadian engineering service firm and Nagoya-based software company FULEX; established new entities in Thailand and Canada to accelerate global expansion • Signed an exclusive domestic agency agreement with Italy's Roboze for the ARGO 500 HYPERSPEED 3D printer, offering device sales and implementation support to capitalize on growing demand for digital manufacturing

• Operational KPIs: • Total employee count grew to nearly 2,400 after adding ~160 new graduates, on track to hit the 3-year 500 new hire target with over 280 new hires in the first half • Domestic dispatch rate exceeded 5,000 yen; the temporary drop in second quarter domestic dispatch utilization to below 90% was caused by increased new graduate hiring, and utilization is expected to rebound to over 95% in Q3

• Medium and Long-term Growth Targets: • Target 40 billion yen in revenue by 2027 (double the 20 billion yen 2023 revenue), and 100 billion yen by 2033 • Allocates ~5% of annual revenue to new business investment, aims to raise annual revenue growth from the 10%+ range to 20%

1. Design Business: Aggressive accelerated investment increased expenses, leading to a large negative segment profit. This segment is in a growth investment phase. 2. Manufacturing Services: Business grew steadily, achieved and maintained positive segment profit. No detailed absolute financial figures or revenue contribution percentages for individual segments were provided in the transcript. Consolidated half-year results were: total revenue 12.226 billion yen (record high), gross profit 3.213 billion yen (record high), operating loss 0.431 billion yen, net loss 0.252 billion yen.

• Full-year 2025 consolidated guidance maintained unchanged from the initial announcement: full-year revenue is projected at 27 billion yen, with a slight operating profit increase to 0.5 billion yen
• Dividend guidance is maintained, with a planned increase to 55 yen per share from the prior 47 yen per share continuing the upward dividend trend
• Domestic dispatch utilization is projected to recover to over 95% in the third quarter, in line with historical seasonal trends

• Increased front-loaded investment in M&A, talent acquisition, global expansion and organizational strengthening has led to a negative operating profit in the first half, which may pressure short-term profitability
• The temporary drop in utilization after large-scale new graduate hiring creates near-term operating inefficiency, though it is expected to be resolved as new hires are deployed
• M&A integration and new geographic expansion carry uncertain execution risks that could impact projected growth

The provided transcript does not include a transcribed question and answer section, so no relevant exchanges can be summarized.