ROHM (6963) Q3 2025 earnings summary

Executive summary

• Net sales for FY2024 Q3 declined 2.8% year-over-year to ¥112.6 billion, with a Q3 operating loss of -¥10.1 billion and net income of -¥1.8 billion; nine-month net sales fell 3.0% to ¥344.6 billion, with an operating loss of ¥11.1 billion.

• EBITDA dropped 63.3% year-over-year in Q3 to ¥11.0 billion and 44.9% for the nine months to ¥50.4 billion.

• Sales outside Japan rose to 47.2% of total, with Europe up 10.1% and China/Other Asia declining.

• All segments except Computers & Storage saw sales declines; Computers & Storage grew 15.8%.

• Ordinary profit and profit attributable to owners of parent dropped 99.5% year-over-year for the nine months.

Financial highlights

• Operating income fell by ¥20.9 billion year-over-year, mainly due to lower sales, higher fixed costs, and inventory adjustments.

• Gross margin declined as cost of sales rose 12.5% year-over-year.

• Net income per share was 0.55 yen, down from 115.77 yen in the prior year period.

• Cash and cash equivalents at period end were 257,085 million yen, up 28,981 million yen from the previous fiscal year end.

• Capital expenditures for the period were 84,923 million yen, down 25.8% year-over-year.

Outlook and guidance

• FY2024 revised plan projects net sales of ¥450.0 billion, down 3.8% year-over-year, and an operating loss of ¥15.0 billion.

• Net loss attributable to owners of parent forecast at ¥6.0 billion for the full year.

• Management expects the market adjustment phase to persist into the first half of next fiscal year, with recovery anticipated later.

• Structural reforms, including production base reorganization and personnel optimization, are underway.

• SiC business faces short-term challenges but maintains positive mid- to long-term growth expectations.