1. What will be discussed at Sec’s IR?

Sec is scheduled to announce its Q2 2025 business performance and future business strategies at its IR on August 18, 2025. The market is focusing on whether the increase in SG&A expenses, which was the cause of the operating loss in Q1, has been resolved and on the plan to convert the order backlog into sales. Sec’s business strategy for growth industries such as HBM, electric vehicle batteries, and K-defense, as well as its IPO funding utilization plan, are also key interests.

2. Why is Sec important?

Sec develops and manufactures various industrial inspection equipment such as X-ray inspection systems, LINAC systems, and Tabletop SEMs. In particular, it has a high exposure to future growth industries such as semiconductors, batteries, and defense, attracting the attention of investors. However, as the stock price has been declining due to sluggish Q1 earnings, it is important to present improved performance and growth momentum through this IR.

3. Key Analysis of Sec’s IR

  • Positive factors: Expectations for improved Q2 earnings, exposure to growth industries, post-IPO effects, reaffirmation of technological competitiveness
  • Negative factors: Possibility of continued sluggish Q1 performance, falling short of market expectations, macroeconomic variables (exchange rates, interest rates, inflation), possibility of continued stock price decline

4. Action Plan for Investors

Investors should focus on the following points in this IR.

  • Whether Q2 earnings improved and specific figures
  • Plan and feasibility of converting order backlog to sales
  • Measures to manage SG&A expenses such as R&D expenses and stock compensation expenses
  • Specific business strategies for growth industries such as HBM, electric vehicle batteries, and K-defense
  • IPO funding utilization plan and performance
  • Strategies to respond to macroeconomic risks such as exchange rate fluctuations

Investment strategies should be revised based on the results of the IR, and it is important to evaluate Sec’s growth potential from a long-term perspective.