Ferrotec (6890) Q2 2025 earnings summary

Executive summary

• Revenue for the six months ended September 2024 rose 28.1% year-over-year to ¥135,157 million, with operating profit up 9.3% to ¥14,251 million and net profit attributable to shareholders up 9.5% to ¥9,190 million.

• Semiconductor equipment-related business and electronic devices drove growth, with strong demand from China and the AI server market.

• Segment reporting was revised this period, with car electronics now a separate segment.

Financial highlights

• Operating profit margin for the period was 10.5%, and net profit margin was 6.8%.

• Comprehensive income surged 85.4% year-over-year to ¥45,857 million, mainly due to foreign currency translation gains.

• Total assets increased to ¥592,790 million, up ¥82,763 million from the previous fiscal year-end.

• Equity ratio remained stable at 40.1%.

Outlook and guidance

• Full-year revenue forecast revised to ¥265,000 million (up 19.1% year-over-year), with operating and ordinary profit both projected at ¥26,000 million.

• Net profit forecast for the year is ¥16,000 million, up 5.6% year-over-year; EPS forecast is ¥340.29.

• Dividend forecast raised to ¥110 per share for the year.