Yamaichi Electronics (6941) Q4 2025 earnings summary

Executive summary

• Net sales rose 24.4% year-over-year to ¥45,298 million, with operating profit up 180.4% to ¥8,225 million and profit attributable to owners of parent up 154.4% to ¥5,240 million.

• Strong demand recovery in the semiconductor market drove growth in the Test Solution Business, while Connector Solution Business saw steady telecom demand but sluggish automotive and industrial segments.

• New production facilities in Japan and the Philippines enhanced supply capacity for semiconductor sockets.

Financial highlights

• Operating income margin improved to 18.2% from 8.1% year-over-year.

• Return on equity increased to 13.5% and return on assets to 14.7%.

• Cash flow from operating activities surged 178.7% year-over-year to ¥9,005 million.

• Dividend per share for FY2025 was ¥89.00, up from ¥31.00 in FY2024.

Outlook and guidance

• FY2026 forecast: net sales ¥47,400 million (+4.6% YoY), operating profit ¥8,500 million (+3.3% YoY), profit attributable to owners of parent ¥5,500 million (+4.9% YoY).

• Targeting over ¥50 billion in net sales and ¥10 billion in operating profit by FY2026 under the medium-term plan.

• Assumed exchange rates: ¥140/USD and ¥155/EUR.