2026 December Term Q1 Earnings Explanation Meeting

Performance Overview

In the first quarter of the 2026 December term, net sales reached 101.4 billion yen, exceeding forecasts by 1.4 billion yen. Operating loss was 5.2 billion yen, an improvement of 800 million yen compared to the forecast. Ordinary loss amounted to 7.9 billion yen, and net income attributable to owners of the parent was a loss of 8.4 billion yen. EBITDA margin was 23.1%, down 0.1 percentage points YoY. Capital expenditures were 9.4 billion yen, significantly lower than the previous year's quarter, while depreciation expense increased to 30.8 billion yen. The exchange rate was 155.4 yen/USD, slightly weaker than the previous period.

Market Environment and Outlook

In the silicon wafer market, shipments decreased due to inventory adjustments by customers for 300mm wafers, while shipments for 200mm wafers and below remained sluggish. For the second quarter of 2026, demand for AI applications, advanced logic, and memory remains strong, with long-term contract prices maintained. While the semiconductor market continues to see high growth driven by AI, a gradual recovery is expected in non-AI segments. The company’s strong presence in overseas markets is anticipated to support stable earnings moving forward.