SEMITEC (6626) Q4 2025 earnings summary

Executive summary

• Revenue rose 11.7% year-over-year to ¥25,334 million, driven by growth in hybrid vehicle, OA equipment, home appliance, industrial, and medical segments.

• Operating income increased 9.6% to ¥3,915 million, and net income attributable to shareholders surged 44.9% to ¥3,113 million.

• Growth was supported by easing inventory adjustments and favorable exchange rates, despite higher personnel and R&D costs.

Financial highlights

• Gross margin improved as sales outpaced cost increases; operating margin was 15.4%, net margin 13.9%.

• Cash and equivalents at year-end were ¥12,038 million, up ¥1,738 million year-over-year.

• Equity ratio remained strong at 74.4%.

• EPS rose to ¥291.69 from ¥191.94 year-over-year.

Outlook and guidance

• FY2026 forecast: revenue ¥23,382 million (down 7.7%), operating income ¥3,000 million (down 23.3%), net income ¥2,240 million (down 28.0%).

• Guidance reflects expected yen appreciation, US tariff impacts, and higher costs for materials and labor.

• Continued investment in talent, facilities, and R&D is planned.

• Dividend forecast for next year is ¥47 per share.