ROHM (6963) Q2 2026 earnings summary

Executive summary

• Net sales for 1H FY2025 rose 5.3% year-over-year to ¥244.2 billion, driven by strong consumer market demand and improved factory utilization, shifting from loss to profit despite inventory and currency impacts.

• Operating profit reached ¥7.6 billion, reversing a prior-year loss, with net profit at ¥10.3 billion, up 398.9% year-over-year.

• Ordinary profit was ¥13.4 billion, aided by foreign exchange gains.

• EBITDA for the period was ¥34.8 billion, down 11.5% year-over-year.

• Sales in 2H are expected to be sluggish due to seasonality and rising gold prices, with a projected loss in 2H but profitability for the full year.

Financial highlights

• 1H FY2025 net sales: ¥244.2 billion (+5.3% YoY); full-year forecast: ¥460.0 billion (+2.6% YoY).

• Operating profit for 1H: ¥7.6 billion; full-year forecast: ¥5.0 billion.

• Net profit for 1H: ¥10.3 billion (+398.9% YoY); full-year forecast: ¥9.0 billion.

• Gross profit increased to ¥58.5 billion from ¥56.7 billion YoY.

• Cash and cash equivalents at period end were ¥297.1 billion, up ¥62.2 billion from March 31, 2025.

Outlook and guidance

• Full-year net sales forecast revised upward to ¥460.0 billion, with operating profit projected at ¥5.0 billion and net profit at ¥9.0 billion.

• 2H sales expected to slow, especially in consumer and amusement segments, with gold price hikes impacting margins.

• Segment sales for ICs and discrete semiconductors expected to grow, while modules and others are forecast to decline.

• Automotive market bottoming out, with recovery expected next fiscal year; SiC devices for xEVs and energy applications remain growth drivers.

• Guidance reflects anticipated sluggish sales in the second half due to seasonal and market factors, and higher raw material costs.