Tomen Devices (2737) Q4 2026 earnings summary

Executive summary

• Net sales and net profit for FY2025 significantly exceeded medium-term management plan targets, driven by strong AI-related memory demand and rising prices from mid-2025 onward.

• Net sales rose 50.3% year-over-year to ¥633,668 million, driven by strong demand for memory products in servers, storage, and automotive applications, as well as higher memory prices.

• Operating profit increased 84.7% year-over-year to ¥18,784 million, ordinary profit rose 80.6% to ¥13,322 million, and profit attributable to owners of parent grew 79.2% to ¥10,015 million.

• Comprehensive income more than doubled to ¥11,657 million, up 113.0% year-over-year.

Financial highlights

• Net sales rose 50.3% year-over-year to ¥633.6 billion, with net profit up 79.2% to ¥10.0 billion.

• Operating profit increased 84.7% to ¥18.7 billion; ordinary profit grew 80.6% to ¥13.3 billion.

• Gross profit reached ¥24,202 million, up from ¥14,696 million the previous year.

• Earnings per share climbed 79.2% to ¥1,472.71.

• ROE reached 18.4%, up 6.7 points year-over-year.

Outlook and guidance

• FY2026 net sales forecasted at ¥750.0 billion, up 18.4%; net profit expected to rise 10% to ¥11.0 billion.

• For the year ending March 31, 2027, operating profit is forecast at ¥18,200 million (-3.1% YoY), ordinary profit at ¥14,500 million (+8.8% YoY), and profit attributable to owners of parent at ¥11,000 million (+9.8% YoY).

• Memory demand, especially from data centers, projected to remain strong; supply tightness and elevated prices to persist through 2027.

• Dividend per share is projected to rise to ¥600, with a payout ratio of 37.1%.