TOREX SEMICONDUCTOR LTD. Q3 FY2026 earnings call

• Group Complementary Strategic Structure

  • Fabless core segment Trex Semiconductor uses Phenitec's in-group manufacturing capacity as needed to maintain production flexibility
  • Phenitec receives ongoing market intelligence and customer needs directly from Trex, enabling it to move from prototype development to mass production aligned with market demand
  • The integrated group structure balances stable quality, reliable supply, and fast product launch timelines

• Core Growth Focus on Power Semiconductors

  • Power semiconductors, especially next-generation SiC (silicon carbide) semiconductors, are the company's top strategic priority, driven by rising demand from electric vehicles (EV) and industrial infrastructure
  • Phenitec Semiconductor is the only operational SiC semiconductor foundry in Japan, giving the group a unique competitive position to capture growing SiC market demand
  • Trex Semiconductor expanded its own SiC product portfolio, starting sample shipments of SiC Schottky barrier diodes in 2023 to strengthen its power semiconductor product offering

• Upcoming Strategic Planning

  • The company plans to announce a new medium-term management plan covering fiscal 2026 and beyond before the end of 2025

For the fiscal year ending March 2025: 1. Trex Semiconductor core analog power IC business: 41% of total group revenue; this segment is fabless, focusing on design of analog power integrated circuits that supply stable power to electronic devices. 2. Phenitec Semiconductor power semiconductor foundry segment: 59% of total group revenue; this segment provides contract manufacturing for power semiconductors, and is the only domestic SiC semiconductor foundry in Japan. Overall, 70% of total group revenue comes from overseas markets, making foreign demand the core contributor to group sales.

• The global SiC semiconductor market is projected to grow to $6.45 billion by 2030, and the company positions itself to capture a share of this growth given its unique domestic foundry position
• The upcoming new medium-term management plan (launching in 2026, to be announced in 2025) will lay out formal plans for domestic supply chain restructuring and SiC semiconductor sales expansion; no prior guidance is revised in the provided transcript

No specific risks or operational failures are discussed in the provided transcript.

No formal question and answer section from an earnings call is included in the provided transcript. The material is a pre-seminar analytical article, and a live Q&A session is scheduled for the upcoming November 22, 2025 IR seminar.