Advanced Micro-Fabrication Equipment (688012) Q4 2024 earnings summary

Executive summary

• 2024 revenue reached ¥9.07 billion, up 44.73% year-over-year, driven by strong demand for etching equipment and new product launches.

• Etching equipment sales grew 54.73% to ¥7.28 billion; LPCVD equipment achieved first sales of ¥156 million.

• R&D investment surged 94.31% to ¥2.45 billion, representing 27.05% of revenue, accelerating product development cycles.

• Net profit attributable to shareholders was ¥1.63 billion, down 8.93% year-over-year, mainly due to increased R&D and absence of prior-year investment gains.

Financial highlights

• Operating income: ¥9.07 billion, up 44.73% year-over-year.

• Operating profit: ¥1.72 billion, down 13.34% year-over-year.

• Net profit attributable to shareholders: ¥1.63 billion, down 8.93% year-over-year.

• Adjusted net profit (excluding non-recurring items): ¥1.39 billion, up 16.52% year-over-year.

• Basic EPS: ¥2.63, down from ¥2.89 last year.

Outlook and guidance

• Continued focus on R&D to address market demand and strengthen product competitiveness.

• Ongoing expansion in advanced semiconductor equipment segments, including LPCVD and ALD.