SCREEN Holdings (7735) Q3 2025 earnings summary

Executive summary

• Achieved record highs for third quarter cumulative revenue, operating profit, ordinary profit, and net profit, driven by strong performance in SPE and solid trends in GA and FT segments, with growth led by robust capital investment in semiconductor miniaturization, packaging, and mature nodes, especially in China and Taiwan.

• Addressed a delayed interim securities report due to limited improper accounting treatment; no revision to past accounts deemed necessary, and measures to prevent recurrence are being formulated.

• Upward revision of full-year forecasts, with all major financial indicators expected to hit record highs for the fourth consecutive year.

Financial highlights

• Third quarter cumulative revenue: ¥459.9 billion (+32.2% YoY), operating profit: ¥100.6 billion (+58.0% YoY), net profit: ¥69.5 billion (+55.9% YoY), OP margin: 21.9%.

• Equity ratio improved to 61.4% as of December 31, 2024.

• Free cash flow for Q3 cumulative: ¥44.4 billion.

• Gross profit reached ¥173,545 million, up from ¥127,957 million YoY.

• Cash and cash equivalents at period-end were ¥197,484 million, up ¥2,061 million from March 31, 2024.

Outlook and guidance

• Full-year forecast revised upward: revenue ¥616 billion, operating profit ¥126 billion, net profit ¥91.5 billion, OP margin 20.5%.

• Year-end dividend forecast raised to ¥163 per share; total annual dividend projected at ¥283 per share, a record high.

• All major profit metrics expected to hit record highs for the fourth consecutive year.

• Next fiscal year SPE revenue expected at ¥510 billion or higher.

• Assumptions include USD/JPY at 150 and EUR/JPY at 160 for Q4.