Ferrotec (6890) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of FY3/26 reached ¥140.98 billion, up 4.3% year-over-year, with operating profit at ¥14.33 billion, reflecting steady demand in semiconductor and electronic device segments.

• Profit attributable to owners of parent dropped 31.4% year-over-year to ¥6.31 billion.

• Comprehensive income for the period was negative ¥14.98 billion, compared to ¥45.86 billion in the prior year.

• Major capital investments included the full-scale operation of Kulim Factory No.1 in Malaysia and the start of construction for Kulim Factory No.2, as well as new facilities in Johor, Kumamoto, and Ishikawa.

Financial highlights

• Basic earnings per share for the six months was ¥134.73, down from ¥195.47 year-over-year.

• Total assets as of September 30, 2025, were ¥599.56 billion, with net assets at ¥313.57 billion.

• Equity ratio decreased to 37.0% from 39.4% at the previous year-end.

• Capital investment rose 19.6% year-over-year to ¥27.38 billion; depreciation increased 17.9% to ¥13.25 billion.

Outlook and guidance

• Full-year net sales forecast at ¥285.0 billion, up 3.9% year-over-year; operating profit forecast at ¥30.0 billion, up 24.5%.

• Profit attributable to owners of parent expected at ¥16.0 billion; basic earnings per share forecast at ¥341.73.

• Annual dividend planned at ¥148 per share, with a payout ratio of 43.3%.