Ushio (6925) Q1 2026 earnings summary

Executive summary

• Q1 FY2025 net sales rose 2.2% year-over-year to ¥38.3 billion, with operating profit up 182.5% to ¥0.9 billion and ordinary profit up 10.1% to ¥1.6 billion, driven by business portfolio revamp and profitability improvements.

• Despite higher sales and profits, a net loss attributable to owners of ¥2.8 billion was recorded, mainly due to extraordinary losses including business restructuring expenses of ¥3.6 billion.

• Strategic investments in DLT systems and lithography equipment expanded as planned.

• Announced acquisition of ams-OSRAM AG's lamp business for approx. ¥15.2 billion to strengthen the Industrial Processes segment, expected to close in Q4 FY2025.

• Comprehensive income turned negative at ¥(2,424) million, down from ¥7,311 million in the prior year period.

Financial highlights

• Q1 FY2025 net sales: ¥38.3 billion, up 2.2% year-over-year.

• Operating profit: ¥0.9 billion, up 182.5% year-over-year; operating margin improved to 2.5%.

• Ordinary profit: ¥1.6 billion, up 10.1% year-over-year.

• Net loss attributable to owners: ¥2.8 billion, down ¥3.1 billion year-over-year due to extraordinary losses.

• EPS: -¥32.06, down ¥34.99 year-over-year.

Outlook and guidance

• FY2025 full-year forecasts remain unchanged: net sales ¥170.0 billion, operating profit ¥10.0 billion, ordinary profit ¥10.5 billion, profit attributable to owners ¥7.0 billion, and EPS ¥79.45.

• Annual dividend forecast maintained at ¥70 per share; share buyback of up to ¥20.0 billion announced.

• Growth expected in advanced packaging and generative AI-related markets, but overall semiconductor market recovery to be moderate.