Tokyo Seimitsu (7729) Q3 2026 earnings summary

Executive summary

• Nine-month sales reached ¥112,971 million, up 9.5% year-over-year, with operating profit up 9.7% to ¥20,932 million and recurring profit up 9.7% to ¥21,717 million; orders increased 6.2% year-over-year, driven by strong demand in the SPE segment.

• Net profit attributable to owners declined 21.9% year-over-year to ¥14,148 million due to extraordinary losses in the second quarter.

• Quarterly sales and operating profit rose year-over-year, though orders decreased sequentially but remained robust.

Financial highlights

• 9M FY2026/3 sales: ¥113.0B (+10% YoY); operating profit: ¥20.9B (+10% YoY, 19% margin); recurring profit: ¥21.7B (+10% YoY); net profit: ¥14.1B (-22% YoY).

• 3Q FY2026/3 sales: ¥35.9B (+13% YoY); operating profit: ¥6.2B (+10% YoY, 17% margin); net profit: ¥4.5B (-1% YoY).

• Gross profit increased to ¥46,027 million from ¥42,666 million year-over-year.

• Earnings per share for the period were ¥348.97, down from ¥448.08 in the prior year.

• R&D and capex increased 12% and 32% YoY, respectively, for the 9M period.

Outlook and guidance

• Full-year FY2026/3 sales forecast revised to ¥165,000 million (+10% YoY); operating and recurring profit forecast at ¥32,000 million each (+8% YoY, 19% margin); net profit forecast at ¥21,500 million (-16% YoY).

• Earnings per share for the full year projected at ¥530.16.

• Both SPE and Metrology Equipment segment forecasts were revised upward based on current shipments and sales plans.

• SPE segment to maintain high HPC-related demand, with hybrid bonding grinders expected to contribute from 2H FY2027/3.

• Metrology segment to see continued strong demand in aerospace and defense.