C.Uyemura & Co (4966) Q3 2026 earnings summary

Executive summary

• Consolidated revenue for the nine months ended December 31, 2025, was ¥65,963 million, up 4.2% year-over-year, with operating income rising 7.2% to ¥15,561 million and net income up 4.0% to ¥11,352 million, driven by strong demand in semiconductor and electronics sectors, especially for AI server and automotive electronics.

• Surface treatment materials and plating processing segments outperformed the previous year, while machinery sales declined but maintained profit levels due to high-value semiconductor wafer equipment.

Financial highlights

• Gross profit increased to ¥26,286 million from ¥24,854 million year-over-year, and comprehensive income was ¥11,000 million, up 1.8%.

• EPS for the period was ¥703.61, compared to ¥677.14 in the prior year.

• Total assets at period-end were ¥134,503 million, up from ¥130,589 million, and equity ratio improved to 83.8%.

• Operating margin improved to approximately 23.6%, with quarterly trends showing stable or rising profitability.

• Yen appreciated against the US dollar by 3.38 yen year-over-year, impacting results; a ¥1 change in USD/JPY impacts annual revenue by ~¥340 million and operating income by ~¥70 million.

Outlook and guidance

• Full-year revenue forecast is ¥86,000 million (+2.6% YoY), with operating income projected at ¥19,700 million (+4.6%) and net income expected to decrease 4.1% to ¥13,500 million.

• Ordinary income is forecast to remain flat, and annual dividend forecast is ¥290 per share.

• Segment guidance anticipates continued strength in surface treatment materials and moderate growth in plating processing.