Tazmo (6266) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 FY2025 were ¥16,787 million, up 3.4% year-over-year, but below plan due to inspection delays in the Process Equipment Business.

• Operating income reached ¥2,517 million, exceeding plan by 11.2% due to cost reductions and improved profitability from mass production of semiconductor equipment, but declined 11.2% year-over-year.

• Net income attributable to owners of parent was ¥1,645 million, a 20.4% year-over-year decrease, but above plan.

• Comprehensive income dropped 67.4% to ¥932 million, impacted by foreign currency translation adjustments.

• Productivity improvements and project acceptances in Surface Treatment Equipment and Precision Molding Dies and Plastic Moldings supported results.

Financial highlights

• Gross profit for Q2 FY2025 was ¥5,231 million, with a gross margin of 31.2%.

• Operating income margin was 15.0%, and ordinary income margin was 14.2%.

• Net sales were 90.1% of the initial H1 estimate and 40.9% of the full-year estimate.

• Equity ratio improved to 49.9% from 49.1% year-over-year.

• Cash and deposits increased to ¥12,996 million from ¥10,343 million at the previous year-end.

Outlook and guidance

• Anticipates increased orders for semiconductor equipment for advanced packaging in the second half.

• Full-year net sales estimate is ¥41,000 million, with operating income projected at ¥5,000 million and profit attributable to owners of parent of ¥3,500 million.

• Basic earnings per share for the full year is forecast at ¥238.92.

• Market recovery is expected to drive order intake in the Process Equipment Business.

• No revisions to previously announced earnings or dividend forecasts.