Espec Corp.
FY2025 (Fiscal Year Ending March 2026) Q3 Financial Results Presentation
For the cumulative Q3 of FY2025, orders received amounted to ¥55,241 million (YoY +8.5%), net sales were ¥47,101 million (YoY +1.7%), and operating income was ¥4,282 million (YoY -12.9%).
Key Figures
- Orders Received: ¥55,241 million (YoY +8.5%)
- Net Sales: ¥47,101 million (YoY +1.7%)
- Operating Income: ¥4,282 million (YoY -12.9%)
AI要約
Overview of Financial Results
In the cumulative Q3 of FY2025, orders received increased 8.5% year-on-year to ¥55,241 million, supported by steady demand in the AI semiconductor sector in Japan, Southeast Asia, and Taiwan, as well as solid performance in the satellite communications sector in North America. Net sales remained roughly flat year-on-year at ¥47,101 million due to many large products and long lead-time orders for multiple units. Operating income declined 12.9% year-on-year to ¥4,282 million due to deteriorating profitability in the Chinese market, weakening revenue from outsourced testing services, and increased selling, general and administrative expenses. Net income attributable to owners of the parent also decreased 13.6% year-on-year in line with the operating income decline.
Segment Performance and Future Outlook
In the Equipment segment, orders received rose 9.0% year-on-year to ¥47,220 million, net sales edged up 0.5% year-on-year to ¥40,134 million, while operating income declined 6.3% to ¥4,074 million. The Service segment saw decreases in both orders and net sales, with a significant drop in operating income. The Other segment achieved substantial increases in orders, net sales, and operating income. The full-year earnings forecast anticipates orders received of ¥69,000 million (up 2.2% YoY), net sales of ¥68,000 million (up 1.1% YoY), and operating income of ¥7,600 million (up 1.0% YoY). Dividends are planned at ¥115 annually.
