ROHM (6963) Q1 2026 earnings summary

Executive summary

• Net sales for FY2025 1Q were ¥116.2 billion, down 1.8% year-over-year but up 11.9% sequentially, mainly due to yen appreciation and weak demand in key markets, despite growth in consumer and computer segments.

• Operating income dropped 84.6% year-over-year to ¥0.1 billion, impacted by lower factory utilization and production adjustments, but rebounded from a significant loss in the previous quarter.

• Net income decreased 14.3% year-over-year to ¥2.9 billion, but improved from a loss in the prior quarter.

• EBITDA was ¥13.3 billion, down 36.6% year-over-year but up from negative EBITDA in the previous quarter.

• Ordinary profit fell 73.1% to ¥2.5 billion.

Financial highlights

• Year-over-year, net sales declined by ¥2.0 billion, operating income by ¥1.1 billion, and ordinary income by ¥6.8 billion.

• Sequentially, net sales increased by ¥12.4 billion, operating income improved by ¥29.0 billion, and net income by ¥53.1 billion.

• Gross profit for the quarter was ¥25.8 billion, with a gross margin of 22.2%.

• Sales outside Japan accounted for 47.1% in 1Q, up from 44.8% in the previous quarter.

• Net income per share was ¥7.69, down from ¥8.97 year-over-year.

Outlook and guidance

• FY2025 full-year plan projects net sales of ¥440.0 billion, a 1.9% decrease from FY2024.

• Operating profit is forecast at ¥4.0 billion, a turnaround from a ¥40.0 billion loss in FY2024.

• Ordinary profit is projected at ¥11.0 billion, and profit attributable to owners of parent at ¥7.0 billion.

• Annual dividend is expected to remain at ¥50 per share.

• Management expects steady sales and profit progress but notes uncertainty due to U.S. tariffs, global economic risks, and semiconductor demand.