Ferrotec (6890) Q4 2025 earnings summary

Executive summary

• Net sales for the first half reached JPY 135.2 billion, a 28% year-over-year increase, with operating income at JPY 14.3 billion, up 9% year-over-year, and net income at JPY 9.2 billion, up 10% year-over-year.

• Net sales for FY ended March 31, 2025 rose 23.4% year-over-year to ¥274,390 million, with operating profit down 3.1% to ¥24,089 million.

• Profit attributable to owners of parent increased 3.6% year-over-year to ¥15,692 million.

• Full-year guidance projects JPY 265 billion in net sales and JPY 26 billion in operating income.

• Major initiatives include expanding ex-China manufacturing capacity and preparing for regulatory changes affecting U.S. shipments.

Financial highlights

• Depreciation rose 42% to JPY 3.3 billion due to new factory construction.

• Tangible fixed assets increased by JPY 37.8 billion, mainly from investments in Malaysia and China.

• Interest-bearing debt increased by JPY 16.8 billion.

• Basic earnings per share was ¥334.13, up from ¥322.65 the previous year.

• Cash and cash equivalents at period end were ¥108,899 million, up from ¥96,806 million.

Outlook and guidance

• FY2026 net sales forecasted at ¥285,000 million (up 3.9% year-over-year), with operating profit of ¥28,000 million (up 16.2%).

• Profit attributable to owners of parent projected at ¥16,000 million (up 2.0%), with basic EPS of ¥341.73.

• Dividend forecast for FY2026 is ¥148.00 per share, up from ¥141.00 in FY2025.

• Year-over-year increases of 20% in both sales and profits are expected.

• Segment forecasts include strong growth in vacuum feed-throughs, metal processing, and thermoelectric modules, but a decline in silicon parts and quartz crucibles.