Tomen Devices (2737) Q2 2025 earnings summary

Executive summary

• H1 FY2025 sales and profit increased, supported by rising memory prices, secured supply and recovery in server, storage, PC and automotive demand.

• Strong H1 progress prompted higher full-year guidance, while consumer-market recovery remained uncertain.

Financial highlights

• H1 net sales were ¥207,304m (+12.8% YoY), operating profit ¥5,988m (+5.0%) and ordinary profit ¥5,552m (+62.7%).

• Profit attributable to owners was ¥4,024m, reversing a ¥4m loss in the prior-year period.

• Basic EPS was ¥591.68 versus a loss of ¥0.59 in the prior-year period.

• Gross profit increased to ¥8,001m from ¥7,462m YoY.

• Operating profit bridge: sales growth added ¥956m; lower profit rate reduced profit by ¥417m and higher SG&A by ¥254m.

Outlook and guidance

• FY2025 forecasts: net sales ¥430,000m (+16.0% YoY), operating profit ¥8,600m (-9.3%), ordinary profit ¥7,200m (+16.1%) and profit attributable to owners ¥5,500m (+162.4%).

• Versus initial guidance, revised forecasts raise revenue 7.5%, operating profit 13.2%, ordinary profit 33.3% and net income 31.0%.

• Full-year EPS forecast is ¥808.71.

• H2 priorities include NAND FLASH sales for AI-related storage demand, automotive support, Foundry/ASIC opportunities and development of India’s market.