Western Superconducting Technologies (688122) H2 2025 earnings summary

Executive summary

• Achieved annual revenue of ¥5.23 billion, up 13.29% year-over-year; net profit attributable to shareholders reached ¥839 million, up 4.81% year-over-year.

• All three core business segments—superconducting products, high-end titanium alloys, and high-performance superalloys—delivered strong growth, with superalloy revenue up 74.65%.

• R&D investment reached ¥391 million, accounting for 7.49% of revenue, supporting ongoing innovation and new product development.

• Proposed cash dividend of ¥4 per 10 shares, totaling ¥259.87 million, pending shareholder approval.

Financial highlights

• Operating income: ¥5.23 billion, up 13.29% year-over-year.

• Net profit attributable to shareholders: ¥839 million, up 4.81% year-over-year.

• Operating cash flow: ¥606 million, up 35.73% year-over-year.

• Gross margin: 34.31%, down 0.62 percentage points year-over-year.

• Basic and diluted EPS: ¥1.2919, up 4.81% year-over-year.

• Net assets: ¥7.13 billion at year-end, up 6.64% from prior year.

Outlook and guidance

• Plans to deepen market development, optimize product and customer structure, and increase high-value product share in 2026.

• Will continue to invest in R&D, focus on core material and technology breakthroughs, and accelerate digital transformation.

• Expects continued growth in demand for superconducting, titanium alloy, and superalloy products, driven by national strategic industries.