Sumco Corporation
Earnings Report Third Quarter Financial Results [Japanese GAAP] (Consolidated)
For the third quarter of the fiscal year ending December 2026, consolidated net sales were 332,524 million yen (9.2% increase YoY), operating loss 4,397 million yen, ordinary loss 9,886 million yen, and quarterly net loss attributable to owners of the parent 7,422 million yen. Full-year forecast revised to net sales 439,500 million yen, operating income -3,300 million yen, ordinary income -5,300 million yen, and net loss attributable to owners of the parent -3,400 million yen (loss per share -9.72 yen). Recorded special gain of 13,671 million yen from partial sale of FST shares and special loss of 3,778 million yen due to cessation of wafer production at the Miyazaki plant. Total equity at period-end 565,506 million yen, equity ratio 61.2%.
Key Figures
- Net Sales: 332,524 million yen (9.2% increase YoY)
- Operating Loss: -4,397 million yen
- Ordinary Loss: -9,886 million yen
- Quarterly Net Loss Attributable to Owners of Parent: -7,422 million yen
- Full-Year Net Sales Forecast: 439,500 million yen
- Full-Year Net Income Forecast: -9.72 yen/share (per share)
AI要約
Overview of Results
In the third quarter, net sales exceeded the prior year, supported by continued AI-related demand and expansion in demand for 100–300mm wafers; however, operating loss, ordinary loss, and quarterly net loss were recorded. STC recorded a gain on sale of equity-method affiliate shares of 13,671 million yen as a special gain due to partial disposal of FST shares, and a special loss of 3,778 million yen was recorded related to the cessation of wafer production at the Miyazaki plant. Changes in the scope of consolidation mean the impact of FST on results requires attention. The full-year forecast has been revised to net sales of 439,500 million yen and net loss attributable to owners of the parent of -3,400 million yen.
Outlook and Key Impacts
Demand for 300mm wafers is expected to remain at high levels, and the company will continue to upgrade production equipment and improve efficiency for wafers 200mm and smaller. Note that due to the change to equity method accounting for FST, FST's net sales and profits will not be included in consolidated results from 4Q onward. See notes for foreign exchange assumptions. In the short term, consolidated profit and loss may become more concentrated, but in the long term, stable demand for advanced products and cost reduction initiatives are key to recovery.
Sumco Corporation
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