SEMITEC (6626) Q1 2027 earnings summary

Executive summary

• Sales and profits increased year-over-year, driven by strong demand in automotive and home appliances, as well as favorable foreign exchange rates.

• Net sales for the three months ended June 30, 2026, increased by 10.5% year-over-year to ¥6,905 million, with operating profit rising 21.1% to ¥1,178 million and ordinary profit up 34.9% to ¥1,223 million.

• Profit attributable to owners of parent grew 10.5% year-over-year to ¥946 million, and comprehensive income surged to ¥1,280 million from ¥160 million a year earlier.

• Ordinary profit and EPS also saw significant year-over-year growth.

Financial highlights

• Sales rose to ¥6,905 million, up 10.5% year-over-year.

• Gross profit increased 8.1% to ¥2,595 million; gross margin slightly decreased to 37.5%.

• Operating profit reached ¥1,178 million, up 21.1% year-over-year; margin improved to 17.0%.

• Basic earnings per share for the quarter were ¥98.67, up from ¥80.67 in the prior year.

• Total assets as of June 30, 2026, were ¥31,188 million, with net assets at ¥24,683 million.

Outlook and guidance

• Capital investment and depreciation are expected to increase from Q2 onward, particularly for the Yamaguchi Plant project.

• Full-year net sales forecast for fiscal year ending March 31, 2027, is ¥24,890 million, up 2.2% year-over-year.

• Operating profit is projected at ¥2,950 million (up 16.5%), and profit attributable to owners of parent at ¥2,050 million (up 23.7%).

• No revisions to previously announced earnings or dividend forecasts.

• R&D expenses are slightly behind plan but expected to catch up in subsequent quarters.