Sumco Corp Ord (SUMCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for your participation today. This is the results briefing for the fourth quarter of the fiscal year ended December 2025. Before starting the presentation, allow me to confirm today's materials, which consists of three items. The Consolidated Financial Results for the Fiscal Year Ended December 31, 2025, the Announcement Concerning Difference Between Forecasts and Actual Figures for the Fiscal Year Ended December 31, 2025, and the Presentation Deck Entitled Results for Fiscal 2025, which we will use now. Next, a disclaimer. The estimates, expectations, forecasts, and other future information discussed here and shown in today's materials were prepared based on information available to the company as of today and on certain assumptions and qualifications, including our subjective judgment. Actual financial performance or results may differ substantially from the future information contained in this material and due to risk factors including domestic and global economic conditions, trends in the semiconductor market, and foreign exchange rates. We will have presentations today from Representative Director, Chairman and CEO, Mayuki Hashimoto, and Representative Director and Vice President, CFO, Shinichi Kubozoe. Chairman and CEO Hashimoto will discuss our forecast and operating environment to be followed by an explanation of the financial results by CFO Kubozoe. We have set aside time for a Q&A session as well. I will now hand over to Chairman Hashimoto. I am Chairman Hashimoto. I will start with an overview of the results. I often get scolded for missing forecasts, but this time we overshot quite significantly. With regard to the 5.5 billion yen overshoot in operating profit, major factors were 2.1 billion yen from cost reductions, a 1.7 billion yen impact fro...