Contents
Ⅰ |
Ⅱ |
Ⅲ |
Financial Results for FY ended Mar 31, 2025 (FY2024)
Forecasts for FY ending Mar 31, 2026 (FY2025)
Medium-Term Management Plan
IV |
Appendix (Company Overview, Sustainability Management Initiatives)
Tomen Devices Corporation | 2 |
Topics
Second highest net sales and profit ever | Higher than the target of | ||||||||
10% set under the medium- | |||||||||
term management plan | |||||||||
Net Sales | Net Profit | ROE | ||||||||||
Y on Y | Y on Y | Target 10％ stably | ||||||||||
13.8％up | 166.6％ up | 11.7％ | ||||||||||
Tomen Devices Corporation | 3 |
Summary of FY2024 Financial Results
- In the semiconductor industry, AI-related sectors saw tremendous growth, but the momentum has remained insufficient for a full- scale market recovery.
- The prices of memory products, our mainstay products, were trending upward in the first half but were polarized in the second half.
- Net sales: Increased significantly year on year due in part to the increase in the price of memory products in the first half, but fell slightly below the target
（million yen) | FY 2023 Result |
FY 2024 Result
YoY change
% of achievement
(Forecast announced
Net Sales | ||
370,676 | ||
Operating Profit | 9,480 | |
Ordinary Profit | 6,203 | |
Net Profit | 2,096 | |
Earnings per share (yen) | 308.23 | |
Total Assets | 130,213 | |
Net Assets | 45,508 | |
Net Assets per share (yen) | 6,692 | |
Equity ratio | 34.9% | |
ROE | 4.7% | |
421,671
10,169
7,377
5,588
821.69
113,970
49,621
7,296
43.5%
11.7%
Amount
50,995
689
1,174
3,492
513.46 -16,243 4,113 604
ー
ー
Percentage
13.8%
7.3%
18.9%
166.6%
166.6% -12.5% 9.0% 9.0% 8.6 pt 7.0 pt
on Jan 29,2025)
98.1%
101.7%
102.5%
101.6%
101.5%
ー
ー
ー
ー
ー
Tomen Devices Corporation | Note: | Year-on-year comparisons of balance sheet-related items are based on results as of the end of the previous fiscal year. | 4 |
Factors Driving Changes in Ordinary Profit
■ Major factors for the increase: Increase in operating profit and impact of exchange rate fluctuations
（Unit: million yen）
Tomen Devices Corporation | 5 |
FY2024 Sales by Product
（Unit: million yen）
450,000
3,216 | ||
400,000 | 12,935 | |
6,982 | 58,448 | |
350,000 | 6,890 | |
300,000 | 67,866 | |
250,000 |
200,000
347,072
150,000 288,938
Memory
+ 20.1％
System LSI
- 13.9％
Display
+ 87.7％
- Sales increased due to a rise in price in the first half and the expansion of sales of high-end DRAM etc. which were less affected by the decrease in prices in the second half.
- Sales of products for servers, storage, PCs and automotive applications increased.
- Overseas sales of high-resolution CMOS image sensors (CIS) for smartphones remained strong.
- Sales from the system in package (SiP) and foundry businesses decreased in Japan.
- Sales of OLEDs for smartphones increased.
- Sales increased due to the adoption of OLEDs for automotive displays.
100,000
50,000
0
FY2023FY2024
Tomen Devices Corporation
Others | Sales of LEDs for TV backlights increased. | ||||
| |||||
- 53.9％ | |||||
Memory : DRAM, NAND FLASH, MCP, SSD etc. | System LSI : SoC, DDI, CIS, PMIC, SiP, Foundry etc. | ||||
Display : LCD, OLED | Others : LED, MLCC, batteries, equipment, etc. | ||||
6
FY 2024 Sales by Application
（Unit: million yen） 450,000
400,000
350,000
85,509
300,000
250,000 47,268
21,329
200,000
150,000
86,097
60,521
18,382
Information Equipment
+ 18.5％
Digital Home Appliances
- 13.8％
Mobile Communications
+ 28.0％
- Sales of products for servers and storage were strong in the domestic market.
- Sales of memory products for PCs increased both in Japan and overseas.
- Sales increased due to an increase in market shares of memory for TVs in overseas markets.
- Sales of products for applications other than the above declined both in Japan and overseas.
- Sales of the following two products for smartphones remained strong in overseas markets.
- high resolution CMOS image sensors (CIS)
- OLED
256,671
100,000 216,571
50,000
Others
+ 0.7％
- Sales of products for automotive applications increased. (Accounting for 54% of sales of others and 11% of total sales)
- Sales from the SiP and foundry businesses declined in the domestic market.
0
FY2023FY2024
Tomen Devices Corporation
Information Equipment: PC, servers, storage etc. | Digital Home Appliances: TV, digital camera etc. | |
Mobile Communications: Smartphone etc. | Others: Car electronics, MFP, lighting, etc. | |
7
Contents
Ⅰ |
Ⅱ |
Ⅲ |
Financial Results for FY ended Mar 31, 2025 (FY2024)
Forecasts for FY ending Mar 31, 2026 (FY2025)
Medium-Term Management Plan
IV |
Appendix (Company Overview, Sustainability Management Initiatives)
Tomen Devices Corporation | 8 |
Initiatives in FY2025
Japan
- Focused businesses: Automotive business
- Expanding business by reinforcing sales and support systems under the new organizational structure
- Further strengthening sales promotion and the expansion of products other than memory
- Expanding market shares of OLED and CIS products
Overseas
- Memory products: Countermeasures against the rise of local manufacturers in China
- Strengthening cooperation between Tomen Devices and ATMD. Acquiring and expanding market share in the area of products for automotive applications, where we have a competitive edge.
- Strengthen support for Asian (India) market
- Strengthening approaches to OEMs and local clients (products for automotive applications and ones for information equipment) and winning new projects and market shares
Overall
- Initiatives to improve corporate value and PBR
-
Implementing measures under business strategy, financial strategy, and non-financial strategy, respectively
(Reflecting them in the next medium-term management plan from a medium- to long-term perspective)
-
Implementing measures under business strategy, financial strategy, and non-financial strategy, respectively
Tomen Devices Corporation | 9 |
FY2025 Financial Result Forecast
- Both sales and profits are forecast to decrease from the FY2024 levels, with many uncertain factors such as the impact of the U.S. trade policy.
- Making a commitment to achieving net sales of 500.0 billion yen, profit of 6.0 billion yen, and ROE of 10% or higher maintained consistently as FY2025 quantitative targets under the medium-term management plan
（millions of yen) | FY 2024 Result | FY2025 | YoY change | ||
Forecast | Amount | Percentage | |||
Net Sales | 421,671 | ||||
400,000 | -21,671 | -5% | |||
Operating Profit | 10,169 | 8,800 | -1,369 | -13% | |
Ordinary Profit | 7,377 | 6,500 | -877 | -12% | |
Net Profit | 5,588 | 4,800 | -788 | -14% | |
ROE | 11.7% | 9.4% | -2.3 pt | - | |
Tomen Devices Corporation | 10 |