Ferrotec Corporation · TSE:6890
Ferrotec — H1 FY3/26 Earnings Presentation
36 slides from Ferrotec's earnings presentation, November 2025
Slide 1: Results for the 1st Half of the Fiscal Year Ending March 31, 2026
Results for the 1st Half of the Fiscal Year Ending March 31, 2026 Ferrotec Corporation 1. This fiscal year results cover period from January 1 to June 30, 2025 of consolidated subsidiaries. 2. This presentation has been prepared for the purpose of providing information regarding the company‘s result
Slide 2: Progress of the Medium-Term Management Plan
Progress of the Medium-Term Management Plan • First-half results for FY3/26: Net sales of 141.0 billion yen, operating profit of 14.3 billion yen, and profit attributable to owners of parent of 6.3 billion yen. Performance • Full-year forecasts for FY3/26: Net sales of 285.0 billion yen, operating p
Slide 3: Topic (1): Ex-China Strategy (Malaysia)
Topic (1): Ex-China Strategy (Malaysia) Accelerating the development of its production platform as a future mass production base serving European and U.S. customers. Malaysia – Kulim Factory No.1 Malaysia – Kulim Factory No.2 Quartz/Ceramics/Metal processing Quartz/Ceramics/Metal processing • Follow
Slide 4: Topic (2): Ex-China Strategy (Japan)
Topic (2): Ex-China Strategy (Japan) “Reshoring to Japan”—The development of domestic manufacturing bases in Japan (Ishikawa Factory No.3 and the Kumamoto Factory) was completed in the current fiscal year. We will further accelerate the capture of demand from customers in Europe, the United States,
Slide 5: Topic (3): Developments of Chinese Subsidiaries (Listed Subsidiaries)
Topic (3): Developments of Chinese Subsidiaries (Listed Subsidiaries) FTSVA – Completion of consolidation of FLH CCMC – OTC Registration and Commencement of Trading Parts cleaning Power semiconductor substrates Silicon wafers × Listing Market Shenzhen Stock Exchange ChiNext Listing Market National E
Slide 6: Table of Contents
Table of Contents 1. Consolidated Financial Summary 2. Consolidated Balance Sheet and Cash Flow 3. FY3/26 Full-year Business Forecasts 4. Medium-term Management Plan This document has been translated from the Japanese original. In the event of any discrepancy between this translated document and the
Slide 7: 1. Consolidated Financial Summary
1. Consolidated Financial Summary This document has been translated from the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Copyright © 2025 Ferrotec Corporation All Rights Reserved.
Slide 8: Consolidated Financial Summary
Consolidated Financial Summary (Million yen) FY3/25 Q2 FY3/26 Q2 Year-on-year Pct. Key Factors Amount Amount Amount change Net sales 135,157 140,980 5,823 4.3% In the Semiconductor Equipment-related segment, higher sales from the ceramics business and the parts cleaning Cost of sales 97,046 100,200
Slide 9: Sales by Segment
Sales by Segment (Million yen) Sales Trend 180,000 Semiconductor and Other Equipment-related Operations at semiconductor manufacturing equipment, semiconductor, and FPD factories remained strong, leading to higher sales amid steady Electronic Device demand. 160,000 Automotive-related Others Automoti
Slide 10: Operating Profit by Segment
Operating Profit by Segment (Million yen) Operating Profit Trend Semiconductor and Other Depreciation expenses and costs associated with the start-up of new Equipment-related Electronic Device factories put downward pressure on profits. 15,000 Automotive-related Others 13,000 Intersegment eliminatio
Slide 11: Semiconductor Equipment-related
Semiconductor Equipment-related (Million yen) Sales Trend Overview of this segment 100,000 Ceramics for semiconductor materials led performance, while quartz products and 石英坩堝 Quartz crucibles 再生ウエーハ Wafer recycling silicon parts were affected by inventory adjustments. シリコンウエーハ加工 Silicon wafer proce
Slide 12: Electronic Device
Electronic Device (Million yen) Sales Trend Overview of this segment 40,000 Against the backdrop of strong generative AI server investment, センサ Sensors 磁性流体他 Ferrofluid, others shipments for optical transceivers increased. As a result, performance 35,000 パワー半導体用基板 Power semiconductor substrates of t
Slide 13: Automotive-related
Automotive-related (Million yen) Sales Trend Overview of this segment 20,000 As growth in EV demand slowed, sales of power semiconductor センサ Sensors substrates for automotive applications remained flat. 18,000 パワー半導体用基板 Power semiconductor substrates Reflecting a deterioration in market conditions,
Slide 14: 2. Consolidated Balance Sheet and Cash Flow
2. Consolidated Balance Sheet and Cash Flow This document has been translated from the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Copyright © 2025 Ferrotec Corporation All Rights Reserved.
Slide 15: Assets – Consolidated Cash Flow
Assets – Consolidated Cash Flow FY3/25 FY3/26 (Million yen) Difference Key Factors Year-end End-Sep. Current assets 295,367 296,468 1,101 Cash & deposits Approximately 60% of the increase was attributable to companies with 117,727 115,700 -2,027 external investments, including the parts cleaning bus
Slide 16: Liabilities and Net Assets – Consolidated Cash Flow
Liabilities and Net Assets – Consolidated Cash Flow FY3/25 FY3/26 (Million yen) Year-end End-Sep. Difference Key Factors Current assets 151,750 150,376 -1,374 Balances as of September 30, FY3/26 Notes and accounts payable 59,592 52,602 -6,990 Short-term borrowings + current portion 65.6 billion yen
Slide 17: Consolidated Cash Flow
Consolidated Cash Flow (Million yen) FY3/25 Q2 FY3/26 Q2 Key Factors Cash flow from operating activities 4,151 12,405 Income before income tax 15,475 12,430 Capital expenditures increased mainly in Malaysia (Kulim) and Depreciation 11,241 13,249 Changshan (ceramics). Foreign exchange loss (-: gain)
Slide 18: 3. FY3/26 Full-year Business Forecasts
3. FY3/26 Full-year Business Forecasts This document has been translated from the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Copyright © 2025 Ferrotec Corporation All Rights Reserved.
Slide 19: FY3/26 Full-year Business Forecasts
FY3/26 Full-year Business Forecasts Upward revision of operating profit and ordinary profit reflecting near-term performance of the Semiconductor Equipment-related Business etc. (Million yen) FY3/25 Year-end FY3/26 Year-end Initial forecast vs. Results Initial forecast Revised forecast Year-on-year
Slide 20: Semiconductor Equipment-related: FY3/26 Full-year Business Forecasts
Semiconductor Equipment-related: FY3/26 Full-year Business Forecasts (Million yen) Sales Trend Overview of this segment Ceramics sales continue to drive performance, while the impact of quartz 石英坩堝 Quartz crucibles 再生ウエーハ Wafer recycling inventory adjustments is expected to gradually diminish. シリコンウ
Slide 21: Electronic Device: FY3/26 Full-year Business Forecasts
Electronic Device: FY3/26 Full-year Business Forecasts (Million yen) Sales Trend Overview of this segment 80,000 Against the backdrop of robust generative AI server investment, センサ（電） Sensors shipments for optical transceivers increased, leading to continued 磁性流体他 Ferrofluid, others growth in thermo
Slide 22: Automotive-related: FY3/26 Full-year Business Forecasts
Automotive-related: FY3/26 Full-year Business Forecasts (Million yen) Sales Trend Overview of this segment 40,000 As growth in EV demand slowed, sales of power semiconductor センサ（車） Sensors substrates for automotive applications trended below expectations. パワー半導体基板（車） Power semiconductor substrates 3
Slide 23: Shareholder Return Policy
Shareholder Return Policy To strengthen shareholder returns, we have adopted a DOE policy with a minimum level set at 3.5%, while maintaining its existing target of a total payout ratio of 50%. The annual dividend is forecast at 148 yen per share (payout ratio: 43.3%). Dividend per Share Trend 200.0
Slide 24: 4. Medium-term Management Plan
4. Medium-term Management Plan This document has been translated from the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Copyright © 2025 Ferrotec Corporation All Rights Reserved.
Slide 25: KPIs of the Medium-term Management Plan
KPIs of the Medium-term Management Plan The above reflects the revision to the full-year consolidated business forecasts (revised figures shown in bold). FY3/25 FY3/26 FY3/27 FY3/28 (Million yen) Results Forecast Plan Plan Net sales 274,390 285,000 340,000 400,000 Operating profit 24,089 30,000 35,0
Slide 26: Medium-Term Management Plan – Basic Policy
Medium-Term Management Plan – Basic Policy No changes from the Medium-Term Management Plan disclosed on May 30, 2025. • Expanding the Semiconductor Equipment-related, Electronic Device, and Automotive-related businesses, and pursue growth. Business growth • While enhancing the manufacturing outside
Slide 27: Net sales of 500 billion yen and profit of 50 billion yen in FY2030
Basic Policy of the Medium-Term Management Plan We aim to achieve the long-term goals, while improving cash flows, ROE, and ROIC. Net sales of 500 billion yen and profit of 50 billion yen in FY2030 Net sales To 500 billion yen! Net sales forecast for the current term 285 billion yen FY3/26 FY3/31 (l
Slide 28: Appendix
Appendix This document has been translated from the Japanese original. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. Copyright © 2025 Ferrotec Corporation All Rights Reserved.
Slide 29: FY3/26 First-Half Results and Second-Half Plan
FY3/26 First-Half Results and Second-Half Plan Reflecting improved profitability in the Semiconductor Equipment-related Business, operating profit and ordinary profit were revised upward. In light of special losses recorded in the first half, profit attributable to owners of parent remains unchanged
Slide 30: FY3/26 First-Half Results and Second-Half Plan: Sales by Product
FY3/26 First-Half Results and Second-Half Plan: Sales by Product (Million yen) FY3/25 Results FY3/26 Q2 st nd 1st half 2nd half Full-year 1 (results) Year-on year 2 (forecast) Year-on year Full-year (forecast) Year-on year Semiconductor Equipment-related 84,042 81,202 165,245 88,378 5.2% 92,122 13.4
Slide 31: About the New Third Board (China OTC Market)
About the New Third Board (China OTC Market) The New Third Board is a nationwide OTC trading platform established in accordance with China’s Securities Law with approval from the State Council. It is operated by the National Equities Exchange and Quotations Co., Ltd., supervised by the China Securit
Slide 32: Our Lineup of Semiconductor Equipment-related Products
Our Lineup of Semiconductor Equipment-related Products Jigs and consumables for semiconductor manufacturing equipment (our mainstay material products) Quartz Silicon parts Ceramics CVD-SiC Our strengths: Not only capital investment-linked products (vacuum feedthroughs), but also a lineup of repeat c
Slide 33: Our Lineup of Electronic Device Products
Our Lineup of Electronic Device Products Thermo-electric modules Insulating substrates for power Ferrofluid semiconductors* Used in a wider range of fields, including As temperature adjustment devices, thermo-electric automobile speakers, high quality sound TV modules are increasingly used in the fi
Slide 34: Products in the Automotive Segment
Products in the Automotive Segment Thermo-electric module [Main products] Thermo-electric module application Laser radar Laser beams are irradiated toward objects to measure Laser radar the distance and identify [Main products] Power semiconductor substrate application characteristics of the Power s
Slide 35: IR News Mail
IR News Mail IR news is posted and distributed via email on the IR portal site “IR STREET.” You may register your email address for distribution using the QR code or the link below. Japanese English Go to Registration Page Go to Registration Page This document has been translated from the Japanese o
Slide 36: Notes on Forward-looking Statements and Disclaimer
Notes on Forward-looking Statements and Disclaimer The forward-looking statements in this document are based on information available as of the date of publication of this document and assumptions concerning uncertain factors affecting future results. Actual results may differ materially from these