YC (232140) Q3 2025 earnings summary

Executive summary

• Manufactures and sells automatic test equipment (ATE) for DRAM and NAND memory semiconductors, focusing on wafer-level testing and repair systems.

• Operates globally with subsidiaries in Japan, the US, and Korea, and maintains a strong R&D focus with 156 registered patents.

• Major customers include leading memory manufacturers, with significant contracts and ongoing supply agreements.

Financial highlights

• Consolidated revenue for Jan–Sep 2025 was KRW 185.9 billion, down from KRW 211.2 billion in 2024 and KRW 255.2 billion in 2023.

• Operating income for the same period was KRW 7.75 billion, compared to KRW 10.6 billion in 2024 and KRW 8.57 billion in 2023.

• Net income attributable to owners for Jan–Sep 2025 was KRW 8.7 billion, down from KRW 12.9 billion in 2024.

• Basic EPS for Jan–Sep 2025 was KRW 31, compared to KRW 137 in 2024.

• Cash and cash equivalents at Sep 2025: KRW 34.8 billion.

Outlook and guidance

• Expects continued growth in memory tester demand, especially for HBM and DDR5, driven by AI and high-performance computing trends.

• Anticipates ongoing investments by major customers in advanced memory production and testing capacity.

• Plans to expand into venture investment management for stable income diversification.