Lasertec (6920) Q3 2025 earnings summary

Executive summary

• On track to achieve full-year forecast despite quarterly fluctuations in sales and profit.

• Net sales for the nine months ended March 31, 2025, rose 7.4% YoY to ¥168,835 million, driven by strong service and other product sales despite a slight decline in semiconductor-related products.

• Operating income increased 36.5% YoY to ¥79,291 million, with net income attributable to owners of parent up 26.9% to ¥52,694 million.

• Received Intel's 2025 EPIC Supplier Award for the fifth consecutive year.

Financial highlights

• Q3 FY2025 net sales: JPY 39.9 billion, down 56.8% QoQ, up 35.9% YoY.

• Gross profit for the nine-month period was ¥96,800 million, up from ¥76,812 million YoY.

• Operating income: JPY 15.6 billion in Q3, down 67.3% QoQ, down 40.7% YoY; OP margin 39.2%.

• Net income: JPY 9.4 billion in Q3, down 72.7% QoQ, down 51.5% YoY.

• Cash and cash equivalents at period-end were ¥53,824 million, up ¥15,672 million from the previous fiscal year-end.

Outlook and guidance

• Full-year FY2025 forecast unchanged: net sales JPY 240.0 billion (+12.4% YoY), operating income JPY 104.0 billion (+27.8% YoY), net profit JPY 74.0 billion (+25.3% YoY).

• Dividend forecast for FY2025 is ¥288 per share, up from ¥230 in the previous year.

• Orders expected to decrease YoY due to sluggish demand for compound power semiconductor-related products.