Ferrotec (6890) Q1 2026 earnings summary

Executive summary

• Revenue rose 12.7% year-over-year to ¥68,899 million, driven by strong performance in electronic devices and automotive segments.

• Operating income declined 4.9% year-over-year to ¥6,672 million due to higher depreciation and SG&A expenses.

• Net income attributable to shareholders dropped 44.8% year-over-year to ¥2,674 million, impacted by lower subsidies and forex losses.

• Absorbed a wholly owned subsidiary and changed company name as of July 1, 2025.

Financial highlights

• Gross profit increased to ¥19,445 million from ¥18,278 million year-over-year.

• Comprehensive income turned negative at -¥13,083 million, mainly due to forex translation losses.

• Total assets decreased to ¥580,964 million from ¥600,593 million at prior year-end.

• Equity ratio declined to 38.4% from 39.4% at prior year-end.

• Depreciation expense rose to ¥6,529 million from ¥5,072 million year-over-year.

Outlook and guidance

• No changes to previously announced full-year and second quarter forecasts; full-year revenue projected at ¥285,000 million (+3.9% YoY), net income at ¥16,000 million (+2.0% YoY).

• Dividend forecast maintained at ¥148 per share for the year.