Disco Corporation TSE:6146

Disco : Presentation for FY2025 1Q Financial Results

Published

Source: MarketScreener

FY2025 First Quarter Financial Results July 17, 2025 DISCLAIMER

Statements in this PowerPoint with respect to DISCO's current strategies, plans, estimates, and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of DISCO. These statements are based on management's assumptions and beliefs in light of the information currently available to it and therefore you should not place undue reliance on them. DISCO cautions you that a number of important factors could cause actual results to differ materially from those discussed in the forward-looking statements, and you should not make decision on your investment thoroughly based on these statements. Such factors include, but not limited to, (i) general economic conditions and levels of demand in DISCO's markets; (ii) developments in technology and resulting changes in semiconductor and/or electronic component manufacturing process; (iii) levels of capital investment for manufacturing semiconductors and/or electronic components; (iv) expansions of the area for products and technologies using semiconductors and/or electronic components and its expanding speed; (v) DISCO's ability to continue to offer products and services corresponding to developments of new semiconductors and/or electronic components and new technologies for manufacturing them;

(vi) exchange rates, particularly between the yen, the U.S. dollar, and the euro, and other currencies.

DISCO CORPORATION All rights reserved



Billions of Yen

FY2025

1Q

Net Sales

89.9

Gross Profit

61.3

Gross Profit Margin

68.1%

SG&A

26.8

Operating Income

34.5

Ordinary Income

34.0

Ordinary Income Margin

37.8%

Income before income taxes and minority interests

33.7

Net Income

23.8

FY2024

4Q

QoQ

Amount (%)

120.7

-30.8

-25.5%

84.2

-23.0

-27.3%

69.8%

-1.7p

-

32.5

-5.7

-17.6%

51.7

-17.3

-33.4%

51.9

-17.9

-34.4%

43.0%

-5.2p

-

51.5

-17.9

-34.7%

38.6

-14.9

-38.5%

FY2024

1Q

YoY

Amount (%)

82.8

7.1

8.6%

57.7

3.6

6.2%

69.7%

-1.6p

-

24.3

2.5

10.1%

33.4

1.1

3.3%

33.6

0.4

1.1%

40.6%

-2.8p

-

33.5

0.2

0.6%

23.7

0.1

0.2%

Sales: YoY increased due to high level of shipments and progress in equipment inspection/acceptance. GP margin: YoY decreased due to the exchange rate, although high value-added products contributed.

SG&A: YoY increased mainly due to personnel and R&D expenses.

FY2025 1Q Earnings Results


Due to the change in accounting policy, the timing of revenue recognition has been changed to Inspection/Acceptance Basis.

Billions of Yen

130.0

120.0

110.0

100.0

90.0

80.0

70.0

60.0

50.0

40.0

30.0

20.0

10.0

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

0.0

50%

40%

30%

20%

10%

0%

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23

FY24

FY25

Net Sales
Operating Incom e Ordinary Income Margin

Operating income margin dropped below 40% for the first time in 6 quarters, but remained at a high level (FY25_1Q Operating income margin 38.3％, Ordinary income margin 37.8%, Net income margin 26.4%)

Quarterly Financial Results


Billions of Yen

Other

Maintenance Parts

Precision Processing Tools (Consumables)

Precision Processing Equipment

130.0

120.0

110.0

100.0

90.0

80.0

70.0

60.0

50.0

40.0

30.0

20.0

FY21_1Q

2Q

3Q

4Q

FY22_1Q

2Q

3Q

4Q

FY23_1Q

2Q

3Q

4Q

FY24_1Q

2Q

3Q

4Q

FY25_1Q

10.0

Note: Composition percentages are listed as additional information on the DISCO website.

Quarterly Sales Breakdown by Product


Billions of Yen

Asia

Japan

Europe

North America

130.0

120.0

110.0

100.0

90.0

80.0

70.0

60.0

50.0

40.0

30.0

20.0

FY21_1Q

2Q

3Q

4Q

FY22_1Q

2Q

3Q

4Q

FY23_1Q

2Q

3Q

4Q

FY24_1Q

2Q

3Q

4Q

FY25_1Q

10.0

FY25_1Q Overseas sales ratio: 89.9%

Quarterly Sales Breakdown by Region