Ferrotec (6890) Q4 2026 earnings summary

Executive summary

• FY26/3 net sales reached ¥288,933M, operating profit ¥27,561M, and profit attributable to owners of parent ¥14,886M, with profit growth constrained by inventory write-downs at new factories and other factors.

• FY26/12 full-year forecast projects net sales of ¥350,000M, operating profit of ¥38,000M, and profit attributable to owners of parent of ¥23,000M.

• The company is expanding production in Malaysia and China to meet growing semiconductor demand and ex-China manufacturing needs.

• Comprehensive income decreased by 21.6% year-over-year to ¥37,478M.

Financial highlights

• FY26/3 net sales increased to ¥288,933M, up 7.3% year-over-year.

• Operating profit for FY26/3 was ¥27,561M, up 30.2% year-over-year.

• Profit attributable to owners of parent rose 53.9% year-over-year to ¥14,886M.

• EBITDA for FY26/3 was ¥54,988M, with depreciation and amortization at ¥27,426M.

• Basic earnings per share was ¥317.88, down from ¥334.13 the previous year.

Outlook and guidance

• FY26/12 forecast: net sales ¥350,000M (+21.1% YoY), operating profit ¥38,000M (+37.9% YoY), profit attributable to owners of parent ¥23,000M (+54.5% YoY).

• CapEx planned at ¥65,000M for FY26/12, with further increases in subsequent years.

• Dividend per share to increase to ¥200 (¥150 ordinary, ¥50 special), payout ratio 46.8%.

• Basic earnings per share forecasted at ¥436.78 for the next fiscal year.

• Fiscal year-end will change from March 31 to December 31 starting in 2026, with FY12/26 as a nine-month transition period.