Shimadzu : Presentation Slides (w/script)

FY2026-2028 Medium-Term Management Plan

June 4, 2026

Yasunori Yamamoto

Representative Director, President & CEO Shimadzu Corporation

Cover Page

Thank you all very much for taking time out of your busy schedules to join our medium-term management plan briefing today.

This is Yamamoto from Shimadzu Corporation.

I will now walk you through the three-year medium-term management plan, covering FY2026 through FY2028.

About the Shimadzu Group

Analytical & Measuring Instruments (AMI)

• One of the global leaders in analytical and measuring instruments used across a wide range of applications, including healthcare, green transformation (GX), materials, and academia.

66%

Industrial Machinery (IM)

• Manufactures turbomolecular pumps that achieve the high vacuum essential for semiconductor manufacturing, industrial furnaces that support an electrified society, and fluid control equipment for industrial infrastructure.

Medical Systems (MED)

• Holds a leading market share in Japan for X-ray diagnostic imaging systems.

• Has a history of developing Japan's first medical X-ray system.

Consolidated

Net Sales

¥560.7B

(FY2025 Actual)

13%

Aircraft Equipment (AE)

•

8%

One of the few suppliers of flight control systems, air conditioning equipment, and display systems for commercial and defense aircraft.

13%

Copyright © Shimadzu Corporation. All Rights Reserved. | FY2026-2028 Medium-Term Management Plan 2

Defense Aircraft Equipment No. 1 Share in Japan

Radiography Systems No. 1 Share in APAC

Turbomolecular Pumps (TMP)

for Semiconductor Manufacturing Equipment No. 1 Global Share

Liquid Chromatograph No. 1 Share in Asia

• Guided by our corporate philosophy, "Contributing to Society through Science and Technology," Shimadzu has grown by expanding into new technologies and business domains in step with industrial development.

• With analytical and measuring technologies at its core, Shimadzu has established a solid position as one of the global leaders in growth fields such as healthcare, semiconductors, aerospace, and other fields.

First, let me briefly explain about the Shimadzu Group.

Last year, we were able to mark the 150th anniversary of our founding. Under our corporate philosophy, Contributing to Society through Science and Technology, we have expanded into new technologies and new fields in step with the development of industry, and we believe that is why we have been able to continue for 150 years.

Our core business is the Analytical and Measuring Instruments (AMI) business. It accounts for 66% of net sales, and our liquid chromatographs in particular hold the top share in Asia.

In the Medical Systems (MED) business, ever since taking the first X-ray photograph in Japan, we have continued to develop world-first and Japan-first products. Today we hold the top share in radiography systems in the APAC region.

The Industrial Machinery (IM) business mainly offers turbomolecular pumps (TMP), which create the high vacuum environments needed to achieve the cleanliness levels required in semiconductor manufacturing, and industrial furnaces, which contribute to the electrification of society. We currently hold the top global share in TMP for semiconductor manufacturing equipment, and our customers rate us highly.

The Aircraft Equipment (AE) business makes components used in commercial and defense aircraft. We hold the top domestic share in onboard equipment (flight control systems, air conditioning systems, and display systems) for defense aircraft.

Analytical and Measuring Instruments Market and Shimadzu's Position

Healthcare

Academia

24%

49%

Pharmaceuticals & CXO

Market Size

¥12.6 Trillion

(2024)

32%

Green / Materials

27%

Clinical

Food

6%

11%

Copyright © Shimadzu Corporation. All Rights Reserved. | FY2026-2028 Medium-Term Management Plan 3

One of the Global Leaders

• The global market is led by six leading companies, including Shimadzu.

• Shimadzu has established a strong position not only in Japan but also across Asia, including India, earning strong customer trust.

• Shimadzu has produced a Nobel Prize laureate.

High Barriers to Entry

• In addition to the instruments themselves, expertise in measurement and data interpretation is critical. Long-term customer relationships are essential, creating high barriers to entry.

Attractive Market Expected to Deliver Stable Growth

• The market is growing at around 4% annually.

• Diverse end markets provide resilience against economic fluctuations.

• The analytical and measuring instruments market serves a diverse range of end markets and is expected to deliver stable growth.

• In addition to data reliability, measurement expertise and long-term customer relationships are critical, resulting in high barriers to entry.

• Shimadzu is the only non-U.S. company among the global industry leaders.

Our mainstay analytical and measuring instruments market serves nearly every company involved in manufacturing, as well as academia. It is relatively resilient to economic cycles and an attractive market where stable growth can be expected.

Because the data is used in applications involving human life and in product quality control, data reliability is critically important. Obtaining highly reliable data requires not only instrument performance but also know-how in analysis and measurement, and these are built up through long-term relationships of trust with customers, so we see this market as having extremely high barriers to entry.

Globally, the top six companies form an oligopoly, and we are the only company outside the U.S. to have established a global leadership position.

I	Our Vision	P.5
	Shimadzu Vision - The Pursuit of Planetary Health	P.6
	Our Aspirations and Positioning of the New Medium-Term Management Plan	P.7
II	Review of the Previous Medium-Term Management Plan	P.8
	Results of the Previous Medium-Term Management Plan [FY2023-2025]	P.9
	Outcomes and Challenges of the Previous Medium-Term Management Plan	P.10
III	New Medium-Term Management Plan - Three-Year Challenge	P.11
	FY2026-2028 Medium-Term Management Plan	P.12
	Profitability Improvement	P.13
	Expanding Value Provided to Customers	P.14
	Net Sales and OP Targets by Segment	P.15
	Expanding Core Businesses in the Life Science Market	P.17-P.18
	Expanding Core Businesses in the Clinical Market	P.19-P.20
	Maximizing Customer Value by Expanding Recurring Revenue in the AMI Business	P.21

III	New Medium-Term Management Plan - Three-Year Challenge
	Expanding Overseas Business: North America Expanding Overseas Business: India	P.22-P.23
	Accelerating New Business Creation	P.24
	Expanding Business in Growth Markets: Semiconductor Market	P.25-P.26
	Financial Strategy	P.27
	Enhancing the Management Foundation: Shimadzu in the AI Era (AI Transformation)	P.28
IV	Shimadzu 2035	P.29

Contents

Appendix

II. Review of the Previous Medium-Term Management Plan Positioning of the Previous Medium-Term Management Plan Results of the Previous Medium-Term Management Plan:

P.33-P.38

Target Achievement Rates by Segment in the Final Year of the Previous Medium-Term Plan Becoming an Innovative Company That Solves Social Challenges Together with Global Partners:

External Collaboration

Initiatives to Become an End-to-End Solutions Provider: Strategic Investments: End-to-End Solutions for the Pharmaceutical Market

End-to-End Solutions for Food Tech

Strategic Investments (M&A and Equity Investments)

III. New Medium-Term Management Plan - Three-Year Challenge Evolving Foundation Businesses: Green and Materials Domains

Tescan Solutions: Growth and Expansion of the Electron Microscope Business Promoting Human Capital Management

Enhancing Corporate Governance

Health and Productivity Management and Environmental Management Sustainability Management Metrics

P.40-P.45

4

Copyright © Shimadzu Corporation. All Rights Reserved. | FY2026-2028 Medium-Term Management Plan

I will explain the medium-term management plan in three parts.

I	Our Vision	P.5
	Shimadzu Vision - The Pursuit of Planetary Health	P.6
	Our Aspirations and Positioning of the New Medium-Term Management Plan	P.7
II	Review of the Previous Medium-Term Management Plan	P.8
	Results of the Previous Medium-Term Management Plan [FY2023-2025]	P.9
	Outcomes and Challenges of the Previous Medium-Term Management Plan	P.10
III	New Medium-Term Management Plan - Three-Year Challenge	P.11
	FY2026-2028 Medium-Term Management Plan	P.12
	Profitability Improvement	P.13
	Expanding Value Provided to Customers	P.14
	Net Sales and OP Targets by Segment	P.15
	Expanding Core Businesses in the Life Science Market	P.17-P.18
	Expanding Core Businesses in the Clinical Market	P.19-P.20
	Maximizing Customer Value by Expanding Recurring Revenue in the AMI Business	P.21

III	New Medium-Term Management Plan - Three-Year Challenge
	Expanding Overseas Business: North America Expanding Overseas Business: India	P.22-P.23
	Accelerating New Business Creation	P.24
	Expanding Business in Growth Markets: Semiconductor Market	P.25-P.26
	Financial Strategy	P.27
	Enhancing the Management Foundation: Shimadzu in the AI Era (AI Transformation)	P.28
IV	Shimadzu 2035	P.29

Contents

Appendix

II. Review of the Previous Medium-Term Management Plan Positioning of the Previous Medium-Term Management Plan Results of the Previous Medium-Term Management Plan:

P.33-P.38

Target Achievement Rates by Segment in the Final Year of the Previous Medium-Term Plan Becoming an Innovative Company That Solves Social Challenges Together with Global Partners:

External Collaboration

Initiatives to Become an End-to-End Solutions Provider: Strategic Investments: End-to-End Solutions for the Pharmaceutical Market

End-to-End Solutions for Food Tech

Strategic Investments (M&A and Equity Investments)

III. New Medium-Term Management Plan - Three-Year Challenge Evolving Foundation Businesses: Green and Materials Domains

Tescan Solutions: Growth and Expansion of the Electron Microscope Business Promoting Human Capital Management

Enhancing Corporate Governance

Health and Productivity Management and Environmental Management Sustainability Management Metrics

P.40-P.45

5

Copyright © Shimadzu Corporation. All Rights Reserved. | FY2026-2028 Medium-Term Management Plan

First, I will explain the vision we are aiming for; next, we will look back at the previous medium-term management plan; and on that basis, I will explain the contents of the new medium-term management plan.