Tazmo (6266) Q4 2025 earnings summary

Executive summary

• FY2025 saw steady sales and profits in semiconductor and surface treatment equipment, with advanced packaging applications driving growth in the Process Equipment Business.

• Net sales for FY2025 were ¥35,428 million, down 1.2% year-over-year, with operating profit at ¥4,768 million, a 19.4% decrease from the prior year.

• Ordinary profit declined 16.5% to ¥5,009 million, and profit attributable to owners of parent fell 16.6% to ¥3,541 million year-over-year.

• Surface Treatment Equipment Business achieved higher profits despite market slowdown, aided by improved estimation accuracy and project completions.

• Comprehensive income dropped to ¥3,345 million from ¥4,788 million in FY2024.

Financial highlights

• Gross profit decreased to ¥10,759 million from ¥11,855 million year-over-year.

• Operating margin for FY2025 was 13.5%, down from 16.5% in the previous year.

• Free cash flow improved to ¥6,244 million.

• Cash flows from operating activities improved to ¥9,425 million (after correction), up from ¥7,507 million.

• Cash and cash equivalents at year-end rose to ¥13,947 million from ¥9,733 million.

Outlook and guidance

• FY2026 net sales are estimated at ¥35,500 million, nearly flat year-over-year.

• Operating income is forecast at ¥3,600 million, a 24.5% decrease.

• Net income is projected at ¥2,500 million, down 29.4%.

• Basic earnings per share forecast for FY2026 is ¥170.65.

• Dividend per share is forecast at ¥34.0, with a payout ratio of 19.9%.