Nexchip Semiconductor (688249) Q4 2025 earnings summary

Executive summary

• Achieved revenue of ¥10.89 billion in 2025, up 17.69% year-over-year, driven by increased product sales volume and ongoing expansion in business scale.

• Net profit attributable to shareholders rose 32.16% year-over-year to ¥704 million, supported by higher sales and a one-time gain from technology transfer.

• Operating cash flow increased 39.18% year-over-year to ¥3.84 billion, reflecting stronger cash collection from sales.

• R&D investment reached ¥1.45 billion, up 13.20% year-over-year, accounting for 13.35% of revenue.

• Major product lines include DDIC, CIS, PMIC, Logic, and MCU, with DDIC and CIS showing rising revenue shares.

Financial highlights

• Revenue: ¥10.89 billion, up 17.69% year-over-year.

• Net profit attributable to shareholders: ¥704 million, up 32.16% year-over-year.

• Net profit (excluding non-recurring items): ¥202 million, down 48.77% year-over-year due to increased R&D, higher financial costs, and management expenses.

• Operating cash flow: ¥3.84 billion, up 39.18% year-over-year.

• Gross margin: 25.52%; main business gross margin: 23.61%, down 1.87 percentage points year-over-year.

• Basic and diluted EPS: ¥0.36, up 33.33% year-over-year.

• Net assets: ¥21.77 billion at year-end, up 4.30% year-over-year.

• Total assets: ¥53.30 billion, up 5.75% year-over-year.

Outlook and guidance

• Plans to continue optimizing product structure, expand OLED, CIS, and PMIC product lines, and accelerate new customer acquisition.

• Ongoing investment in R&D, with 22nm process under development and 28nm OLED/logic platforms in validation or completed.

• Will expand production capacity in line with market demand and pursue global market penetration.

• Focus on supply chain localization and talent development to support sustainable growth.