Tamura Corporation · TSE:6768
Tamura — Q3 FY2025 Earnings Presentation
42 slides from Tamura's earnings presentation, Feb 6, 2026
Slide 1: Financial Results for Q3 FY2025
Security Code: 6768 Prime Market, Tokyo Stock Exchange TAMURA CORPORATION Financial Results for Q3 FY2025 (Fiscal year ending March 31, 2026) Feb 6, 2026 Translation Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of
Slide 2: Agenda
Agenda 1. Q3 FY2025 Financial Summary 2. FY2025 Full Year Forecast 3. Summary 【Appendix】 © TAMURA CORPORATION All Rights Reserved 2
Slide 3: 1. Q3 FY2025 Financial Summary
1.Q3 FY2025 Financial Summary © TAMURA CORPORATION All Rights Reserved 3
Slide 4: Q3 FY2025 Financial Results
Q3 FY2025 Financial Results FY2024 FY2025 FY2025 [Million yen] Q3 Actual Q3 Actual Change Change % Q3 Forecast* Sales 82,630 89,766 7,137 8.6% 89,000 Cost of Sales 60,426 66,517 6,091 10.1% - (Cost of Sales Ratio) (73.1%) (74.1%) (1.0pt) SGA 19,032 19,456 424 2.2% - (SGA Ratio) (23.0%) (21.7%) (▲1.3
Slide 5: Key Factors Behind Q3 FY2025 Performance
Key Factors Behind Q3 FY2025 Performance ◆ Sales increased due to solid performance in the key markets, including AI datacenters and next-generation communications ◆ Despite cost associated with structural reform in China and continued sharp increases in material prices, the strong business environm
Slide 6: Performance by Business & Area
Q2 Performance by Business & Area ◆ Electronic Components: Sales increased, but profit remained flat / Electronic Chemicals & Soldering Systems: Sale and profit increased ◆ Information Equipment: Sales decreased and losses widened ◆ Japan: Sales and profit decreased due to restructuring related cost
Slide 7: Electronic Components
Sales & Profit By Business Electronic Components ◆ Sales increased, but profits remained flat. Demand for the U.S. AI data-center applications remained solid ◆ Operating profit declined in Q3 due to costs associated with structural reform in China FY2024 FY2025 FY2025 [Million yen] Q3 Actual Q3 Actu
Slide 8: Electronic Components
Sales & Profit By Business Electronic Components ◆ Strong demand for U.S. AI data center applications drove significant growth in large transformers and reactors ◆ Demand for power tool chargers and air-conditioning applications remained stable, while industrial machinery transformers and reactors s
Slide 9: Electronic Chemicals & Soldering Systems
Sales & Profit By Business Electronic Chemicals & Soldering Systems ◆ Sales increased, supported by solid demand and sales price adjustments reflecting higher material costs ◆ Although sharp increases in material prices continued and outpaced price pass-through, pressuring profitability in the short
Slide 10: Electronic Chemicals & Soldering Systems
Sales & Profit By Business Electronic Chemicals & Soldering Systems ◆ Electronic Chemicals: Sales increased, with solder paste sales increasing in line with higher material prices, and strong sales of solder resist for smartphones ◆ Soldering Systems: Sales decreased as manufacturers in Japan and ov
Slide 11: Information Equipment
Sales & Profit By Business Information Equipment ◆ Sales decreased and loss widened, due to the broadcasting industry continues to face a challenging capex environment FY2024 FY2025 FY2025 [Million yen] Q3 Actual Q3 Actual YoY Q3 Forecast* Sales [100 million yen] Operating Profit [100 million yen] O
Slide 12: Balance Sheet & Equity Ratio as of December 2025
Balance Sheet & Equity Ratio as of December 2025 ◆ Fixed asset increased due to the construction of a new manufacturing building for Electronic Chemicals & Soldering Systems ◆ Net assets decreased, reflecting share repurchases and a decline in the foreign currency translation adjustment [100 million
Slide 13: 2. FY2025 Full Year Forecast
2. FY2025 Full Year Forecast © TAMURA CORPORATION All Rights Reserved 13
Slide 14: FY2025 Full Year Forecast
FY2025 Full Year Forecast ◆ The full-year net income forecast revised downward from the November 2025 interim projection ◆ Structural reform measures originally planned for future periods were brought forward to the current fiscal year to enhance the likelihood of achieving the final year targets in
Slide 15: Key Factors Behind Full-Year Forecast
Key Factors Behind Full-Year Forecast ◆ Sales expected to increase, driven by solid demand in key focus markets such as AI data centers and next-generation communications ◆ Operating profit projected to remain flat, as costs related to business and site optimization, along with continued sharp incre
Slide 16: FY2025 Forecast by Area
FY2025 Forecast by Area ◆ Japan: Lower sales from business transfer and lower profit from production reorganization cost ◆ Asia/Europe/U.S.: Sales and profit growth driven by AI data center market expansion FY2024 FY2025 Key Factors Behind the Changes (+) Positive Factors / (-) Negative Factors [100
Slide 17: FY2025 Forecast by Business
FY2025 Forecast by Business ◆ Electronic Components: Sales expected to increase, but profit projected to remain flat due to costs associated with structural reform ◆ Electronic Chemicals & Soldering Systems: Profitability expected to remain under pressure from rises in material prices; however, soli
Slide 18: Forecast: Electronic Components
Forecast: Electronic Components ◆ Expecting growth in large transformers and reactors, along with a stable demand for air-conditioning and automotive reactors ◆ Profit expected to remain flat due to costs associated with business and site reallocation as part of the business portfolio review Sales &
Slide 19: Forecast: Electronic Chemicals & Soldering Systems
Forecast: Electronic Chemicals & Soldering Systems ◆ Sales of solder paste expected to increase due to price adjustments reflecting higher material costs, while continued sharp rises in material prices will pressure profitability ◆ Sales for smartphone and data center applications are projected to g
Slide 20: Forecast: Information Equipment
Forecast: Information Equipment ◆ Broadcast stations remain cautious about capital investment, resulting in flat sales ◆ Operating loss widened due to deteriorating profitability from changes in the sales mix and inventory revaluation Sales & Operating Profit 30.0 28.7 (4.7%) 13.8 21.4 (54.3%) ▲1.8
Slide 21: Capital Expenditure, Depreciation and R&D
Capital Expenditure, Depreciation and R&D ◆ Capital investment increased significantly due to the construction of a new manufacturing building for the Electronic Chemicals & Soldering Systems business ◆ In R&D, continued focus on developing elemental technologies and products for next-generation pow
Slide 22: 3. Summary
3. Summary © TAMURA CORPORATION All Rights Reserved 22
Slide 23: Summary
Summary 1．Q3 FY2025 Financial Summary ‑ Sales and operating profit increase, supported by solid demand in key focus area of clean energy-related markets ‑ Electronic Components: Sales increased, but profits remained flat. Demand for the U.S. AI data-center applications remained solid. Profit was fla
Slide 24: Appendix
【Appendix】 © TAMURA CORPORATION All Rights Reserved 24
Slide 25: Sales and Operating Profit
Sales and Operating Profit Sales Profit [100 million yen] Sales Operating Profit OP % 140 12% 1200 1200 120 1141 10% 1080 1066 1000 100 910 8% 6.9% 886 862846 856870 883 845 842 812 796 797 738 782769 745760788 775 733 772 739 800 80 726 6% 692 5.0% 689 6.4% 4.6%4.6% 653 640652 636 4.5% 604 585 548
Slide 26: Electronic Components: Sales and Operating Profit
Electronic Components: Sales and Operating Profit Sales Operating Profit OP % Sales Profit [100 million yen] OP % 100 12.5% 790 800 80 768 10.0% 730 725 8.5% 588 593 600 556577 559 60 540 525 532 546 548 7.5% 500 497 519 509 482 5.7% 482 484 493 478 467 462 425 424 439435 5.3% 5.2% 423 414 413 390 3
Slide 27: Electronic Chemicals & FA systems: Sales and Operating Profit
Electronic Chemicals & FA systems: Sales and Operating Profit 500 Sales Operating Profit OP % 25.0% Sales Profit [100 million yen] 450 112.5 22.5% OP % 21.0% 利益 19.9% 400 100.0 （億円） 380 20.0% 18.0% 18.1% 17.4% 17.3% 346 350 350 87.5 328 17.5% 315 320 305 313 312 300 300 75.0 276 281 15.0% 271 250 25
Slide 28: Information Equipment: Sales and Operating Profit
Information Equipment: Sales and Operating Profit Sales Operating Profit OP % Sales Profit [100 million yen] 100 91 40.0% OP % 83 86 79 80 14th Medium-term 80 73 70 30.0% Management 62 62 64 65 60 59 61 Plan 60 60 15.8% 52 53 52 55 14.0% 53 15.7% 20.0% 46 12.9% 42 41 40 42 41 9.3% 40 40 6.2% 35 34 3
Slide 29: Sales & Profit Quarterly Trend
Sales & Profit Quarterly Trend Sales Operating Profit OP% FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 60 Forecast 10% 5.5% 6.2% 6.4% 5.6% 4.3% 5.2% 5.7% 4.5% 5.0% 5.8% 4.7% 3.8% 4.0% 4.1% 50 2.2% 2.4% 2.8% 2.5% 2.0% 2.9% 5% 0.5% 0.8% 0.7% -0.5% 40 289 297 302 314 289 293 316 310 0% 258 274 270 277 280
Slide 30: Quarterly Sales & Profit of Electronic Components
Quarterly Sales & Profit of Electronic Components Sales Operating Profit OP% FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 32 10% 6.1% 6.5% Forecast 5.2% 5.3% 5.2% 28 4.5% 3.9% 3.5% 3.7% 4.1% 4.4% 4.8% 2.6% 5% 1.1% 1.4% 0.6% 1.5% 1.5% 1.8% 24 0.4% 0.3%-0.2% 0.5% 212 209 -2.3% 197 203 192 198 195 204 194
Slide 31: Quarterly Sales & Profit of Electronic Chemicals & Soldering Systems
Quarterly Sales & Profit of Electronic Chemicals & Soldering Systems Sales Operating Profit OP% FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 32 20% Forecast 15% 28 11.1%11.5% 11.3% 10.1% 10.7% 11.7% 9.2% 8.7% 9.4% 9.7% 8.7% 8.8% 7.6% 8.2% 8.7% 9.4% 7.7% 6.3% 6.6% 6.2% 7.2% 10% 24 5.8% 4.3% 5.2% 109 20
Slide 32: Quarterly Sales & Profit of Information Equipment
Quarterly Sales & Profit of Information Equipment Sales Operating Profit OP% FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 30.0 31.3% 27.6% 28.3% Forecast10.1% -5.6% -2.9% 12.7% 16.6% 6.6% 3.3% 7.8% 26.0 -20.3% -20.1% 0% 22.0 -12.1% -68.7% -21.1% -24.8% -36.9% 18.6 18.0 -67.1% -52.9% -62.5% 17.6 -100% -
Slide 33: Quarterly Sales & Profit by Area
Quarterly Sales & Profit by Area Sales Operating Profit [100 million yen] Japan China 140 49 49 120 106 102 101 42 42 95 97 98 98 100 88 86 92 92 85 88 92 80 85 83 35 84 87 86 35 76 79 78 80 66 70 76 67 66 67 71 64 72 75 80 28 61 62 61 63 60 63 28 52 54 52 48 60 21 42 21 10.6 40 8.1 14 25 6.4 7.6 7.
Slide 34: Cash Flow
Cash Flow 95.1 90.8 54.6 50.5 68.4 45.4 ［100 million yen］ 51.8 Cash flow 20.0 21.8 from operating 4.8 5.9 activities Cash flow ▲ 4.6 from investing ▲ 1.4 ▲ 7.7 activities ▲ 30.5 ▲ 26.4 Cash flow ▲ 26.7 from financing ▲ 49.7 ▲ 46.2 ▲ 40.1 ▲ 36.4 activities ▲ 49.5 Free cash flow ▲ 39.0 ▲ 95.7 FY2019 F
Slide 35: Sales, Gross Profit, SG&A Expenses and Number of Employees
Sales, Gross Profit, SG & A Expenses and the Number of Employees Sales, Gross Profit, Sales GP G&A GP% G&A% SG&A Expenses 1,200 28.7% 35% 28.2% 27.0% 26.6% 1,000 25.3% 25.4% 30% 25% 800 25.3% 26.0% 23.5% 22.0% 20% 600 20.9% 1,141 1,080 1,066 22.3% 15% 400 797 883 739 10% 200 5% 225 202 212 193 223 2
Slide 36: Tamura's History
Tamura’s History Tamura Corporation founded on May 11, 1924, and celebrates its 100th anniversary in 2024. Starting manufacturing and sales of radios and electronic components at the time of its founding, Tamura Corporation now offers products and services that meet various market needs in three bus
Slide 37: Business Domain
Business Domain Product Information Sales by Business Segment Sales: 76.8 billion yen Electronic Operating profit: 3.27 billion yen Components OP%: 4.3％ 114.1 billion yen Electronic Sales: 34.6 billion yen Chemicals/ Operating profit: 3.07 billion yen FA Systems OP%: 8.9％ Sales: 2.9 billion yen Info
Slide 38: Tamura's Products Supporting Society, Industry, and Daily Life
Business Field Tamura's Products Supporting Society, Industry, and Daily Life Tamura's Products Supporting Society, Industry, and Daily Life Tamura's products, including materials, components, and devices, support various industries and social infrastructure, ranging from everyday items like automob
Slide 39: Regional Overview
Regional overview Global Network Sales by region Employees by region JPY 4,318 114.1bn employees Europe and Japan China Rest of Asia ・Sales: 36.5 billion yen ・Sales: 26.3 billion yen ・Sales: 20.5 billion yen the Americas ・Sales: 30.8 billion yen ・Employees: 1,170 ・Employees: 1,654 ・Employees: 893 ・E
Slide 40: Global Network
Global Network Global Network TAMURA POWER TECHNOLOGIES TAMURA EUROPE LIMITED. O.S. DE MEXICO, S.A. DE C.V. (CZECH BRANCH) TAMURA ELECTRONICS (HUI ZHOU) CO., LTD. TAMURA CORPORATION (THAILAND) CO., LTD. TAMURA ELECTRONICS (SUZHOU) CO., LTD. OP-SEED CO., (BD) LTD. SHANGHAI XIANGLE TAMURA CORPORATION
Slide 41: Contributing to Carbon Neutrality: R&D of Gallium Oxide Power Semiconductors
Contributing to Carbon Neutrality ～R&D of Gallium Oxide Power Semiconductors ◆ Novel Crystal Technology, Inc. (NCT), established independently from our R&D department, is advancing the R&D of gallium oxide (Ga2O3) power semiconductors, expected to contribute to carbon neutrality. R&D of Gallium Oxid
Slide 42: Caution Concerning Forward-looking Statement
Caution Concerning Forward-looking Statement The forward-looking statements, including the financial results forecast shown in this document, are based on information currently available to the Company and on certain assumptions deemed to be reasonable by the Company. As such, they do not constitute