SEMITEC (6626) Q4 2026 earnings summary

Executive summary

• FY2026 net sales rose 0.4% YoY to ¥25,458m; operating profit fell 9.7% to ¥3,535m and profit attributable to owners of parent fell 13.5% to ¥2,690m.

• Automotive, industrial equipment and medical sales increased; HA & HF and office automation declined amid weaker demand and inventory adjustments.

• Comprehensive income rose 32.3% to ¥3,455m, driven by foreign currency translation adjustments.

Financial highlights

• Gross profit fell 2.2% YoY to ¥9,576m from ¥9,791m; gross margin declined to 37.6% from 38.6%.

• SG&A expenses rose 2.8% to ¥6,041m; ordinary profit fell 11.0% to ¥3,611m, and basic EPS decreased to ¥276.23 from ¥291.69.

• FY2026 sales, gross profit, operating profit, ordinary profit and parent-attributable profit exceeded initial plan by 8.9%, 8.2%, 17.8%, 23.7% and 20.1%, respectively.

• Equity-to-asset ratio improved to 77.4% from 74.4%; cash and cash equivalents fell to ¥9,619m from ¥12,038m.

Outlook and guidance

• FY2027 net sales are forecast at ¥24,890m, down 2.2% YoY; operating profit at ¥2,890m, down 19.9%, and parent-attributable profit at ¥2,050m, down 23.7%.

• Annual dividend per share is forecast to increase to ¥56.00; payout ratio rose to 17.0% in FY2026 from 13.7%.

• Depreciation on thin-film thermistor equipment acquired during FY2026 is scheduled to begin in FY2027.