Espec Corp. · TSE:6859
Espec — Q1 FY2025 Earnings Presentation
20 slides from Espec's earnings presentation, Aug 22, 2025
Slide 1: Financial Results for Q1 of FY2025
Securities ID code:6859 ESPEC CORP. Financial Results for Q1 of FY2025 (Fiscal Year Ending March 31, 2026) August 22, 2025 ESPEC CORP.
Slide 2: FY2025 First Quarter Financial Summary
FY2025 First Quarter Financial Summary ・ Demand for testing of electronic components and electronic devices related to generative AI increased, development demand related to EVs continued, and investment in satellite communications in North America progressed steadily, resulting in record-high order
Slide 3: Summary of Profits and Losses
Summary of Profits and Losses (Millions of yen) FY2024 FY2025 Year on Year 1Q Results 1Q Results Orders Received 16,988 18,921 +11.4% Net Sales 13,691 12,323 -10.0% Cost of Net Sales 8,890 8,125 -8.6% Cost of Sales Ratio 64.9% 65.9% 1.0pt deterioration Gross Profit 4,800 4,197 -12.6% SG&A 3,878 3,86
Slide 4: Performance by Segment
Performance by Segment (Millions of yen) FY2024 FY2025 Year on Year 1Q Results 1Q Results Orders Received 14,510 15,755 +8.6% Equipment Business Net Sales 11,827 10,344 -12.5% Operating Profit 810 418 -48.4% Orders Received 2,186 2,266 +3.6% Service Business Net Sales 1,767 1,832 +3.6% Operating Pro
Slide 5: Analysis of Operating Profit Increase and Decrease Factors
Analysis of Operating Profit Increase and Decrease Factors ■ Decline in profit due to reduced sales in the Equipment Business, along with increased depreciation expenses for expansion and worsening cost of sales ratio from increased personnel in the Service Business . Efforts are underway to improve
Slide 6: Equipment Business
Equipment Business (Millions of yen) FY2024 FY2025 Year on Year 1Q Results 1Q Results Orders Received 14,510 15,755 +8.6% Net Sales 11,827 10,344 -12.5% Operating Profit 810 418 -48.4% Profit Ratio 6.9% 4.0% -2.9pt Environmental Test Chambers ■ Domestically, orders received for both versatile standa
Slide 7: Service Business
Service Business (Millions of yen) FY2024 FY2025 Year on Year 1Q Results 1Q Results Orders Received 2,186 2,266 +3.6% Net Sales 1,767 1,832 +3.6% Operating Profit 147 -41 - Profit Ratio 8.3% -2.3% After-Sales Service and Engineering ■ Orders received and net sales both increased year on year as prev
Slide 8: Other Business
Other Business (Millions of yen) FY2024 FY2025 Year on Year 1Q Results 1Q Results Orders Received 421 1,025 +143.1% Net Sales 207 256 +23.3% Operating Profit -34 -41 - Profit Ratio -16.7% -16.4% Environmental Conservation, Plant Production Systems ■ Reforestation (Tree planting) progressed steadily,
Slide 9: Sales by Market
Sales by Market ■ In the electronic device and equipment market, demand for testing related to generative AI increased, raising its share of sales. In the automobile market, sales composition increased due to recognition of EV and battery-related sales. Non-Consolidated (Equipment Business) 100% Ele
Slide 10: Sales by Region
Sales by Region ■ Net sales increased particularly in Japan, while in North America orders were strong but sales decreased due to many long-lead-time projects, net sales in China also decreased. FY2024 1Q FY2025 1Q Overseas sales ratio: 61.0% Overseas sales ratio: 54.8% North America 2,575 3,143 Eur
Slide 11: Forecasts for FY2025
Forecasts for FY2025 ■ Orders exceeded both the previous period and forecasts, progressing ahead of plan, with no revisions to first-half or full-year forecasts. (Millions of yen) FY2024 FY2025 Full Year 1Q Forecasts Results Results 1H 2H Full Year Year on Year Orders Received 67,514 18,921 33,500 3
Slide 12: Segment Financial Forecasts
Segment Financial Forecasts (Millions of yen) FY2024 FY2025 Full Year Forecasts 1Q Results Results 1H 2H Full Year Year on Year Orders Received 57,283 15,755 28,430 27,070 55,500 -3.1% Equipment Net Sales 57,507 10,344 26,420 31,180 57,600 +0.2% Business Operating Profit 6,610 418 2,910 4,430 7,340
Slide 13: Shareholder Return Policy and FY2025 Dividend Forecast
Shareholder Return Policy and FY2025 Dividend Forecast Shareholder Return Policy Set the consolidated dividend payout ratio at 40% or more, and flexibly carry out acquisition of treasury shares. During the period of the Medium-Term Management Plan PROGRESSIVE PLUS 2027 (FY2025–2027), the total retur
Slide 14: Main Initiatives in FY2025
Main Initiatives in FY2025 Equipment Business • Digesting order backlog, and shortening product lead times by expanding in-house production • Development and expanded sales of high value-added products that meet testing needs in target markets Service Business After-sales service: Expansion of sales
Slide 15: Main ESG Initiatives in FY2025
Main ESG Initiatives in FY2025 ■ E (Environment) • Promote the 8th Medium-Term Plan on the Environment (FY2022–2025) • Global warming countermeasure: Reduce CO2 emissions in business activities such as change to low-GWP refrigerant and manufacturing • Biodiversity conservation activities: Contribute
Slide 16: TOPICS: Start of Aichi Next-Generation Mobility Test Lab
TOPICS 1 Start of “Aichi Next-Generation Mobility Test Lab” service Responding to testing demand for automotive batteries and EV/automation modules ■ Aichi xEV Battery Safety Test & ■ Toyota Test Center Certification Center • Expanded functions of the Toyota Testing Center, the • Opened in February
Slide 17: TOPICS: Responding to testing demand in AI and autonomous driving
TOPICS 2 Responding to testing demand in AI and Launched low temperature (& humidity) autonomous driving fields chambers Platinous J Series ECO Type Rapid-Rate Thermal Cycle Chamber with low-GWP refrigerant • In April 2025, a high-performance model capable of controlling specimen temperature at 20 K
Slide 18: TOPICS: Ultra-low temperature freezer and rapid temperature change device
TOPICS 3 First domestic launch by COSMOPIA -70C Ultra-Low Temperature Shock HIGHTECH of a rapid temperature change Freezer for delicious rapid freezing device using low-GWP refrigerant • In April 2025, launched the “Ultra-Low • In October 2024, COSMOPIA HIGHTECH, part of Temperature Shock Freezer”
Slide 19: External Recognition
External Recognition ■ ESG-Related Evaluations • Included in the ESG index “FTSE Blossom Japan Sector Relative Index” • Rated “B” score for the fifth consecutive year in the CDP Climate Change Survey, “B-” score for Water Security Selected as Supplier Engagement Leader for three consecutive years, t
Slide 20: Forward-looking statements and inquiries
These materials contain forward-looking statements, including the Company’s present plans and forecasts of performance, that reflect the Company’s plans and forecasts based on the information presently available. These forward-looking statements are not guarantees of future performance, and plans, f