SEMITEC (6626) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 FY2026 was ¥6,247 million, down 2.2% year-over-year, with operating profit at ¥972 million (down 8.6%) and ordinary profit at ¥906 million (down 24.0%).

• Net income attributable to shareholders rose 6.7% to ¥856 million due to a gain on sale of equity in an affiliate.

• Automotive and industrial equipment segments showed demand recovery, while home appliances and OA equipment declined, especially in China.

• Medical segment remained steady for blood glucose meters but weak for catheters.

Financial highlights

• Gross profit for Q1 FY2026 was ¥2,399 million, with a gross margin of 38.4%.

• Comprehensive income dropped sharply to ¥160 million (down 91.1% year-over-year) due to foreign currency translation losses.

• EPS for Q1 FY2026 was ¥80.67, up from ¥74.01 in the prior year.

Outlook and guidance

• Full-year FY2026 revenue forecast is ¥23,382 million (down 7.8% year-over-year), with operating profit of ¥3,000 million (down 22.2%) and net income of ¥2,240 million (down 28.0%).

• No changes to previously announced guidance; management will update if necessary.