Sumco (3436) investor relations material

Executive summary

• Net sales for 2Q-2026 reached ¥113.6B, up ¥1.6B from forecast and ¥12.2B sequentially from 1Q-2026.

• Net sales for the six months ended June 30, 2026, were ¥215,016 million, with an operating loss of ¥6,363 million and a net loss attributable to owners of parent of ¥12,895 million.

• Operating profit improved to ¥(1.1)B from ¥(2.5)B forecast, but remains negative; ordinary profit at ¥(4.2)B.

• EBITDA margin rose to 26.9% in 2Q-2026 from 26.0% in the previous quarter.

• The company focused on maintaining high market share in advanced products and improving cost competitiveness through AI-driven productivity enhancements.

Financial highlights

• Net sales increased by 4.7% year-over-year to ¥215,016 million for the six months ended June 30, 2026.

• Operating profit for the half-year was ¥(6.3)B, down ¥13.7B year-over-year.

• EBITDA for the half-year was ¥53.9B, down ¥2.2B year-over-year.

• Basic EPS for the half-year was ¥(36.87), a decline from ¥8.81 year-over-year.

• Ordinary loss was ¥12,179 million, compared to a profit of ¥4,720 million in the prior year.

Outlook and guidance

• Net sales forecast for the nine months ending September 30, 2026, is ¥333,000 million, up 9.4% year-over-year.

• Operating loss forecast for the nine months is ¥6,300 million, with an ordinary loss of ¥11,100 million and a net loss attributable to owners of parent of ¥12,800 million.

• EBITDA margin expected to rise to 28.6% in 3Q-2026.

• Strong demand for 300 mm wafers for AI and server SSDs expected to continue; gradual recovery seen for 200 mm and smaller wafers.

• Risks from geopolitical factors and procurement costs are being closely monitored.