Yamaichi Electronics (6941) Q3 2025 earnings summary

Executive summary

• Record highs in net sales, operating income, ordinary income and profit attributable to owners of parent, driven by semiconductor recovery and AI-related investment.

• New production facilities launched in Japan and the Philippines to expand supply capacity and productivity.

Financial highlights

• Nine-month net sales rose 33.8% YoY to ¥36,136m; operating income increased 274.4% to ¥7,215m.

• Ordinary income rose 262.9% to ¥6,952m; profit attributable to owners of parent increased 223.1% to ¥4,484m.

• EPS was ¥221.01 versus ¥67.60; comprehensive income doubled to ¥4,948m from ¥2,414m.

• Favorable FX contributed ¥1.99bn to net sales and ¥1.00bn to operating income YoY.

Outlook and guidance

• FY2024 forecast revised upward: net sales ¥46,000m, operating income ¥8,000m, ordinary income ¥7,700m and profit attributable to owners of parent ¥5,000m.

• FY2024 EPS forecast ¥246.99; forecast FX rates are ¥153/$ and ¥164/€.

• Full-year dividend forecast maintained at ¥89 per share: ¥35 interim and ¥54 year-end.

• TS outlook includes new-smartphone advance shipments, strong ADAS and DRAM sockets, and delayed automotive MCU and PC/server recovery.

• CS outlook cites datacom growth and solid in-vehicle sales, offset by prolonged European industrial inventory adjustments.