Tazmo (6266) Q2 2023 earnings summary

Executive summary

• Q2 revenue fell 19% YoY to ¥10,434 million; operating income declined 58.1% to ¥539 million, mainly due to delayed equipment acceptance.

• Q2 plan attainment was 76.6% for revenue, 45.4% for operating income, 60.3% for ordinary income and 17.1% for net income.

Financial highlights

• Revenue was ¥10,434 million versus ¥12,885 million YoY; gross profit was ¥2,862 million versus ¥3,469 million.

• Operating expenses rose to ¥2,322 million from ¥2,180 million; operating income was ¥539 million versus ¥1,289 million.

• Ordinary income was ¥706 million versus ¥1,725 million; net income attributable to owners of the parent was ¥137 million versus ¥1,246 million.

Outlook and guidance

• FY2023 plan: revenue ¥31,423 million, operating income ¥3,118 million, ordinary income ¥3,087 million and net income ¥2,109 million.

• FY plan attainment at Q2 was 33.2% for revenue, 17.3% for operating income, 22.9% for ordinary income and 6.5% for net income.

• Advanced-packaging equipment inquiries surged on HPC device production plans for generative AI; delivery and production schedules are being coordinated, with the business targeted as a pillar from next FY.