Sumco (3436) Q3 2025 earnings summary

Executive summary

• Net sales for 3Q FY2025 were ¥99.1B, slightly below forecast, and for the nine months ended September 30, 2025, rose 2.6% year-over-year to ¥304,436 million, but operating profit fell 80.4% to ¥5,869 million and a net loss of ¥995 million was recorded.

• EBITDA margin improved to 27.6% in 3Q FY2025, up from 25.7% in the forecast.

• Profit attributable to owners of parent was ¥(3.9)B for 3Q FY2025, reflecting ongoing market challenges.

• Strong demand for 300mm silicon wafers for AI and data centers persisted, but demand for other products and smaller wafers remained weak due to inventory adjustments.

• Business reforms included reorganizing production for 200mm and smaller wafers to improve efficiency and profitability.

Financial highlights

• 3Q FY2025 net sales were ¥99.1B, down from ¥102.9B in 2Q FY2025 and up from ¥296.6B to ¥304.4B for the nine-month period year-over-year.

• Operating profit for 3Q FY2025 was ¥(1.6)B, down from ¥1.5B in 2Q FY2025 and a sharp drop from ¥29.9B for the nine-month period last year.

• EBITDA for 3Q FY2025 was ¥27.3B, with a margin of 27.6%.

• Basic EPS for 3Q FY2025 was ¥(11.66), compared to ¥8.71 in 1Q FY2025 and fell from ¥46.50 to ¥(2.85) year-over-year.

• Gross profit declined from ¥56,355 million to ¥46,750 million year-over-year.

Outlook and guidance

• 4Q FY2025 net sales are forecast at ¥100.0B, with operating profit expected to decline further to ¥(10.0)B.

• Full-year FY2025 operating profit is forecast at ¥(4.2)B, a decrease of ¥41.1B from FY2024, with a net loss attributable to owners of parent of ¥16,900 million (EPS: ¥(48.33)).

• EBITDA margin is expected to decrease to 24.6% in 4Q FY2025.

• Dividend per share for FY2025 is forecast at ¥20, down from ¥21 in FY2024.

• Continued monitoring of geopolitical risks and U.S. tariff policy impacts on semiconductor demand.