Komori
Earnings presentation280ATMH Inc.Trading & Wholesale

2025年11月期 通期連結決算説明および中期経営計画

2025年11月期は、装置販売の拡大により売上高が43.4%増、営業利益が9.9%増となり、レンジ計画の上限に対して売上高と当期純利益は上回った。一方、売上総利益率の低下や新規事業コスト、法人税負担の正常化により、営業利益は計画上限を下回り、当期純利益は前年を下回った。

Worth reading
65In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
2611
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation2025年11月期 通期11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,628 million+43.4%
Operating profit¥355 million+9.9%
Ordinary income¥338 million+10.6%
Net income¥249 million-8.5%
Gross Profit Margin11.2%
Operating profit margin4.1%
Selling, general and administrative expenses人件費360百万円、採用教育費20百万円、旅費交通費36百万円、その他販管費198百万円
Full-year earnings forecast
Net Sales7,871～8,366百万円
Operating profit296～366百万円
Net income for the current fiscal year192～240百万円
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。売上高・営業利益・当期純利益について、計画上限に対する計画比を明示。売上高+3.1%、営業利益△2.8%、当期純利益+3.9%。経常利益は△4.9%。
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
レンジの計画値の上限値に対し、トップライン・ボトムラインは計画達成
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Impact of higher revenue+¥132 million
  • Labor Costs+¥8 million
  • Other costs△¥33 million
  • Personnel expenses+¥14 million
  • Outsourcing expenses-¥38 million
  • General administrative expenses△¥10 million
  • Other SG&A expenses-¥41 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
装置販売サービスの不確定要素、ECプラットフォームのCAGR+20%超、FY2026からの海外展開・M&A関連の先行投資
New initiatives
  • 韓国平沢市にTMH KOREA Inc.を設立
  • 韓国の大手装置メーカーと日本国内販売の独占代理店契約を締結
  • LAYLA-HRを展開
  • 半導体業界メディアSEMICON.TODAYを開設
  • 海外投資による調達・販売ルート拡大
  • ホワイトスペースを対象としたM&A戦略と専門チームの立ち上げ
Key KPIsA metric the company considers important as a management benchmark.
  • Total order backlog for equipment sales services¥1,375 million
    Year on year against the same period last year△78%
  • Revenue from parts sales and repair services¥1,213 million
    Year on year against the same period last year+34%
  • Revenue from equipment sales services¥7,403 million
    Year on year against the same period last year+45%
  • Revenue per employee¥192 million
    Year on year against the same period last year+24%
  • Net income per employee¥5.5 million
    Year on year against the same period last year△7%
  • Number of customers418 companies
Medium-term management plan targets
FY2028Revenue of ¥12,805 million and operating profit of ¥1,767 million
Longer termRevenue of ¥100 billion and operating profit of ¥15 billion
Financial targets
ROE22.6%（実績）
Adjusted equity ratio57.6%（実績）
Market Size / Share
  • 2025年116兆円、2029年150兆円、2050年750兆円規模の成長可能性
    DetailsGlobal semiconductor market
  • 2025年20兆円、2029年30兆円、2050年150兆円規模
    DetailsSemiconductor manufacturing equipment market
  • More than 80%
    Details国内半導体工場に占める200mm以下のレガシー工場
Orders received and order backlog
Order backlog1,375百万円（装置販売サービス受注残総額）
Number of stores and locations
Number at period-end国内5拠点＋韓国
Number of employees
Number of Employees45名（2025年11月末時点、連結ベース）
Changes during the period and hiring plan単体の外国籍従業員12名、離職者6名。採用計画はNot disclosed
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period Covered2025年11月期 通期
Net Sales¥8,628 million (YoY +43.4%)
Operating profit¥355 million (YoY +9.9%)
Ordinary income¥338 million (YoY +10.6%)
Net income¥249 million (YoY -8.5%)
Gross Profit Margin11.2%
Operating profit margin4.1%
Selling, general and administrative expenses人件費360百万円、採用教育費20百万円、旅費交通費36百万円、その他販管費198百万円
Full-year earnings forecastNet Sales 7,871～8,366百万円 / Operating profit 296～366百万円 / Net income for the current fiscal year 192～240百万円 / Ordinary income Not disclosed
Progress against full-year forecast売上高・営業利益・当期純利益について、計画上限に対する計画比を明示。売上高+3.1%、営業利益△2.8%、当期純利益+3.9%。経常利益は△4.9%。
Self-assessment against the planレンジの計画値の上限値に対し、トップライン・ボトムラインは計画達成
Breakdown of Factors Affecting the ChangeFactors Impact of higher revenue / Amount +¥132 million, Factors Labor Costs / Amount +¥8 million, Factors Other costs / Amount △¥33 million, Factors Personnel expenses / Amount +¥14 million, Factors Outsourcing expenses / Amount -¥38 million, Factors General administrative expenses / Amount △¥10 million, Factors Other SG&A expenses / Amount -¥41 million
Key KPIsIndicator name Total order backlog for equipment sales services / Value ¥1,375 million / Year on year against the same period last year △78%, Indicator name Revenue from parts sales and repair services / Value ¥1,213 million / Year on year against the same period last year +34%, Indicator name Revenue from equipment sales services / Value ¥7,403 million / Year on year against the same period last year +45%, Indicator name Revenue per employee / Value ¥192 million / Year on year against the same period last year +24%, Indicator name Net income per employee / Value ¥5.5 million / Year on year against the same period last year △7%, Indicator name Number of customers / Value 418 companies / Year on year against the same period last year Not disclosed
Number of stores and locationsNumber at period-end 国内5拠点＋韓国 / Number of store openings and closures during the period Not disclosed
Number of employeesNumber of Employees 45名（2025年11月末時点、連結ベース） / Changes during the period and hiring plan 単体の外国籍従業員12名、離職者6名。採用計画はNot disclosed
Assumptions Underlying the Business Outlook装置販売サービスの不確定要素、ECプラットフォームのCAGR+20%超、FY2026からの海外展開・M&A関連の先行投資
Medium-term management plan targetsFY2028 Revenue of ¥12,805 million and operating profit of ¥1,767 million / Longer term Revenue of ¥100 billion and operating profit of ¥15 billion
Financial targetsROE 22.6%（実績） / Adjusted equity ratio 57.6%（実績） / Target value Not disclosed
Orders received and order backlogOrder backlog 1,375百万円（装置販売サービス受注残総額） / Orders received Not disclosed
Market Size / ShareDetails Global semiconductor market / Value 2025年116兆円、2029年150兆円、2050年750兆円規模の成長可能性, Details Semiconductor manufacturing equipment market / Value 2025年20兆円、2029年30兆円、2050年150兆円規模, Details 国内半導体工場に占める200mm以下のレガシー工場 / Value More than 80%
New initiatives韓国平沢市にTMH KOREA Inc.を設立, 韓国の大手装置メーカーと日本国内販売の独占代理店契約を締結, LAYLA-HRを展開, 半導体業界メディアSEMICON.TODAYを開設, 海外投資による調達・販売ルート拡大, ホワイトスペースを対象としたM&A戦略と専門チームの立ち上げ
Items this document does not state (9)
Results for the three months of the current quarterSegment resultsUnit price and quantity metricsRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

売上高は、高度なエンジニアリング力が求められる装置の解体・搬出案件の増加や大型装置案件の獲得により増加した。営業利益は、装置販売事業の比率拡大による売上総利益率の低下と新規事業立ち上げコストがあったものの、売上拡大により増加した。当期純利益は、繰越欠損金の解消により支払法人税が正常化したため減少した。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
2025年11月期 通期連結決算説明および中期経営計画 | TMH Inc. (280A) timely disclosure | Komori