Advanced Micro-Fabrication Equipment (688012) Q4 2025 earnings summary

Executive summary

• Achieved record revenue of ¥12.38 billion in 2025, up 36.62% year-over-year, with net profit attributable to shareholders of ¥2.11 billion, up 30.69%.

• Maintained over 35% annual revenue growth for 13 consecutive years, driven by strong demand for etching and thin film equipment.

• R&D investment reached ¥3.74 billion, accounting for 30.23% of revenue, supporting rapid product innovation and market expansion.

• Expanded global presence, with over 6,800 etching equipment units shipped and significant market share gains in advanced logic and memory manufacturing.

Financial highlights

• Revenue: ¥12.38 billion, up 36.62% year-over-year.

• Net profit attributable to shareholders: ¥2.11 billion, up 30.69% year-over-year.

• Gross margin: 39.17%, down 1.89 percentage points due to structural customer changes and sales discounts.

• R&D expenses: ¥2.48 billion, up 74.61% year-over-year.

• Operating cash flow: ¥2.30 billion, up 57.39% year-over-year.

• Basic EPS: ¥3.40, up 30.27% year-over-year.

Outlook and guidance

• Plans to further strengthen core competitiveness in integrated circuit equipment and expand into emerging semiconductor fields.

• Will continue high R&D investment, talent development, and international market expansion.

• Aims to become a global top-tier semiconductor equipment company by 2035.