Tazmo (6266) Q1 2025 earnings summary

Executive summary

• Net sales rose 27.3% year-over-year to ¥7,516 million, with operating income up 112.2% to ¥1,210 million and net income attributable to owners of parent up 101.3% to ¥855 million for the quarter ended March 31, 2025.

• Revenue and profit increased compared to the previous period; profit exceeded expectations despite some delays in inspection approvals in the Process equipment business.

• Surface treatment equipment and semiconductor equipment segments drove performance, while transfer equipment continued to perform well.

• Comprehensive income declined 49.1% year-over-year to ¥420 million, mainly due to a significant negative foreign currency translation adjustment.

Financial highlights

• Gross profit increased to ¥2,606 million from ¥1,883 million year-over-year, with a gross margin of 34.7%.

• Operating income more than doubled year-over-year, reaching ¥1,210 million.

• Ordinary income rose 77.7% year-over-year to ¥1,176 million.

• Basic earnings per share doubled to ¥58.70 from ¥29.03 year-over-year.

• Net income attributable to owners of parent was ¥855 million, up 101.2% year-over-year.

Outlook and guidance

• FY2025 net sales are estimated at ¥41,000 million, with operating income projected at ¥5,000 million.

• Profit attributable to owners of parent projected at ¥3,500 million, up 17.6% year-over-year.

• Management expects continued steady performance in transfer and semiconductor equipment, with some order delays in other segments.

• No revisions to previously announced earnings or dividend forecasts.