SCREEN Holdings (7735) Q2 2027 (Q&A) earnings summary

Executive summary

• FY2027 H1 net sales rose 12.5% YoY to ¥308,453 million; operating income increased 17.4% to ¥54,523 million, and parent profit rose 18.2% to ¥37,656 million.

• Growth was led by semiconductor production equipment amid accelerating investment in advanced logic and memory; record-high orders continued.

Financial highlights

• Ordinary income reached ¥55,977 million, up 19.5% YoY; comprehensive income was ¥50,497 million versus ¥36,979 million.

• Sales increased ¥34.1bn YoY and operating income rose ¥8.0bn, supported by higher sales and capacity utilization, partly offset by fixed costs and adverse FX impacts.

• Delayed SPE project sales were fully posted in Q2; SPE DRAM equipment sales increased significantly QoQ.

• Basic EPS was ¥199.06 versus ¥168.51, reflecting the April 1, 2026 two-for-one stock split on a retroactive basis.

Outlook and guidance

• FY2027 forecast unchanged: net sales ¥743.0bn, operating and ordinary income ¥156.5bn each, and parent profit ¥115.0bn; forecast operating margin is 21.1%.

• FY2027 forecast sales by segment: SPE ¥620.0bn, GA ¥60.0bn, FT ¥42.0bn, and PE ¥16.5bn; DRAM, foundry and NAND SPE sales are expected to increase YoY.

• Forecast assumptions from Q3 onward are ¥150/$ and ¥175/€; actual results may differ materially with business conditions and other factors.

• Annual dividend forecast is ¥183 per post-split share, including ¥60 interim and ¥123 year-end; the stated payout target is 30% or above.