Yamaichi Electronics (6941) Q4 2025 earnings summary

Executive summary

• FY2024 net sales rose 24.4% YoY to ¥45,298 million; operating income increased 180.4% to ¥8,225 million and profit attributable to owners of parent rose 154.4% to ¥5,240 million.

• Semiconductor socket demand drove Test Solution growth; new production facilities in Japan and the Philippines expanded supply capacity.

• Next-year guidance projects net sales of ¥47,400 million and operating income of ¥8,500 million, with growth moderated by stronger-yen assumptions and uneven end markets.

Financial highlights

• FY2024 ordinary income was ¥7.6bn, net profit ¥5.2bn and EPS ¥259.47; operating margin improved to 18.2% from 8.1%.

• Operating cash flow was ¥9,005 million, investing cash flow -¥3.6bn and free cash flow ¥5.3bn; year-end cash and equivalents were ¥12,794 million.

• ROE was 13.5% and ROA 14.7%.

Outlook and guidance

• Forecast net sales of ¥47,400 million, operating income of ¥8,500 million, ordinary income of ¥7.9bn, net profit of ¥5.5bn and EPS of ¥298.58.

• First-half forecast: sales ¥25.3bn, down ¥2.2bn YoY; operating income ¥6.0bn, down ¥0.7bn; net profit ¥4.0bn, flat YoY.

• Forecast assumes ¥140/USD and ¥155/EUR; projections incorporate foreseeable direct U.S. tariff effects as of announcement.

• Medium-term plan targets net sales above ¥50bn and operating income of ¥10bn.

• Capital investment is forecast at ¥3.7bn, prioritizing capacity, product development, environmental initiatives and efficiency.