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Ibiden (4062) investor relations material

Ibiden Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary30 Oct, 2025

Executive summary

  • Net sales for the first half of FY2025 increased by 7.7% year-over-year to ¥195,485 million, with operating profit up 14.2% to ¥32,573 million and net profit up 7.7% compared to the same period last year.

  • Comprehensive income surged to ¥37,612 million from a loss of ¥1,801 million in the prior year period.

  • Strong performance in the electronics segment, particularly driven by demand for AI servers, offset by weaker results in ceramics due to market uncertainties.

Financial highlights

  • First half FY2025 net sales reached ¥195.5 billion, operating profit ¥28.5 billion, and net profit ¥20.5 billion.

  • Full-year FY2025 net sales forecast is ¥420.0 billion (+13.7% YoY), operating profit ¥61.0 billion (+28.1% YoY), and net profit ¥37.0 billion (+9.8% YoY).

  • Basic earnings per share for the quarter were ¥158.07, up from ¥146.92 a year earlier.

  • Capital adequacy ratio improved to 50.6% from 45.3% at the end of the previous fiscal year.

  • Total assets as of September 30, 2025, were ¥1,037,938 million, with net assets at ¥532,153 million.

Outlook and guidance

  • Second half FY2025 net sales expected to rise 15% sequentially, but net profit is forecast to decrease by 32% due to higher depreciation and lower ceramics performance.

  • EPS forecast for FY2025 is ¥132.50, reflecting the impact of a planned 2-for-1 stock split effective January 1, 2026.

  • Mid-term vision targets ¥750 billion in net sales and 20% operating margin by FY2030.

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Frequently asked questions

Ibiden Co., Ltd., established in 1912, is a Japanese corporation that specializes in the manufacture and marketing of electronic and ceramic products. The company's diverse product range encompasses flip chip packages, motherboards, diesel particulate filters (DPF), substrate holding mats for automobiles, high-temperature insulating wool, and graphite specialty products. Ibiden is known for its significant contributions to the electronics sector, including printed circuit boards and IC packaging, and has established a strong presence in the ceramics industry with products like particulate filters for diesel engines, achieving a notable market share in Europe. In addition to its core manufacturing activities, Ibiden engages in various other operations, including environmental technology, housing and construction materials, automobile sales, and medical software. The company is headquartered in Ogaki, Gifu, Japan, and operates globally, with a significant footprint in Europe, Asia, and the Americas. The company is headquartered in Ogaki, Japan, and its shares are listed on the Tokyo Stock Exchange.

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