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How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,878 million+57.6%
Operating profit¥53 million-80.5%
Ordinary income¥169 million-55.1%
Net income¥694 million+11.3%
Results for the three months of the current quarter
Net Sales
¥5,725 million
Operating profit
¥21 million
Ordinary income
¥46 million
Quarterly net income
¥606 million
Full-year earnings forecast
Net Sales
¥24,000 million
Operating profit
¥610 million
Ordinary income
¥800 million
Gain on sale of investment securities
¥2,100 million
Net income for the current fiscal year
¥2,170 million
Dividend per share
¥230
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Operating profit for the cumulative second quarter of the fiscal year ended March 2026¥271 million
- Sales expansion¥34 million
- Increase in staffing, pay raises and other factors¥-50 million
- New office becomes operational¥-20 million
- R&D investment and other expenses¥-85 million
- One-off factors (temporary losses from inventory valuation losses and the recovery of precious metals in connection with research and development prototypes)¥-97 million
- Operating profit for the cumulative second quarter of the fiscal year ending March 2027¥53 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The stated assumptions and outlook include tight supplies of components such as general-purpose memory, AI-related demand, the effect of product price revisions, cost efficiencies and the acquisition of new orders, while numerical assumptions such as volumes are Not disclosed.New initiatives
- Exhibiting at SEMICON Taiwan 2026 and developing customers among Taiwanese companies
- Proposal of cyanide-free gold-plating technology for compound semiconductors used in optical communications
- Proposal of Au and Pd plating technologies for cutting-edge AI accelerators
Key KPIsA metric the company considers important as a management benchmark.
- Gold price (monthly average)¥21,800 /gYear-on-year (%)25
- Palladium price (monthly average)¥6,657 /gYear-on-year (%)18
- Export ratio (second quarter of the fiscal year ending March 2027)55.9 %
- Number of business meetings generated at SEMICON Taiwan 20262.5 times the previous year
Segment results
Plating chemicals for printed circuit boards and semiconductor package substrates
Revenue for the second quarter of the fiscal year ending March 2027
¥2,838 million
Plating chemicals for connectors
Revenue for the second quarter of the fiscal year ending March 2027
¥660 million
Plating chemicals for lead frames
Revenue for the second quarter of the fiscal year ending March 2027
¥2,135 million
Other
Revenue for the second quarter of the fiscal year ending March 2027
¥91 million
Medium-term management plan targets
Reduce strategic shareholdings to less than 20% of net assets during FY2025-2027
Target valueLess than 20%
Target fiscal yearFY2027
Actual results
Percentage of net assets at the end of September 202671 %
Market Size / Share
ShareThe document states that the company is among the global market-share leaders, but the figure is Not disclosed.
SEMICON Taiwan 2026 exhibition scaleMore than 1,300 companies, approximately 4,300 booths
Annual Dividend
Annual
¥230
Interim
¥115
End of period
¥115
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥11,878 million (YoY +57.6%) |
| Operating profit | ¥53 million (YoY -80.5%) |
| Ordinary income | ¥169 million (YoY -55.1%) |
| Net income | ¥694 million (YoY +11.3%) |
| Results for the three months of the current quarter | Net Sales ¥5,725 million / Operating profit ¥21 million / Ordinary income ¥46 million / Quarterly net income ¥606 million |
| Full-year earnings forecast | Net Sales ¥24,000 million / Operating profit ¥610 million / Ordinary income ¥800 million / Gain on sale of investment securities ¥2,100 million / Net income for the current fiscal year ¥2,170 million / Dividend per share ¥230 |
| Segment results | Plating chemicals for printed circuit boards and semiconductor package substrates Revenue for the second quarter of the fiscal year ending March 2027 ¥2,838 million / Plating chemicals for connectors Revenue for the second quarter of the fiscal year ending March 2027 ¥660 million / Plating chemicals for lead frames Revenue for the second quarter of the fiscal year ending March 2027 ¥2,135 million / Other Revenue for the second quarter of the fiscal year ending March 2027 ¥91 million |
| Breakdown of Factors Affecting the Change | Factors Operating profit for the cumulative second quarter of the fiscal year ended March 2026 / Amount ¥271 million, Factors Sales expansion / Amount ¥34 million, Factors Increase in staffing, pay raises and other factors / Amount ¥-50 million, Factors New office becomes operational / Amount ¥-20 million, Factors R&D investment and other expenses / Amount ¥-85 million, Factors One-off factors (temporary losses from inventory valuation losses and the recovery of precious metals in connection with research and development prototypes) / Amount ¥-97 million, Factors Operating profit for the cumulative second quarter of the fiscal year ending March 2027 / Amount ¥53 million |
| Key KPIs | Indicator name Gold price (monthly average) / Value ¥21,800 /g / Year-on-year (%) ¥25 /g, Indicator name Palladium price (monthly average) / Value ¥6,657 /g / Year-on-year (%) ¥18 /g, Indicator name Export ratio (second quarter of the fiscal year ending March 2027) / Value 55.9 % / Year on year against the same period last year Not disclosed, Indicator name Number of business meetings generated at SEMICON Taiwan 2026 / Value 2.5 times the previous year / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | The stated assumptions and outlook include tight supplies of components such as general-purpose memory, AI-related demand, the effect of product price revisions, cost efficiencies and the acquisition of new orders, while numerical assumptions such as volumes are Not disclosed. |
| Medium-term management plan targets | Reduce strategic shareholdings to less than 20% of net assets during FY2025-2027 Target value Less than 20% / Target fiscal year FY2027 / Actual results Percentage of net assets at the end of September 2026 71 % |
| Annual Dividend | Annual ¥230 / Interim ¥115 / End of period ¥115 |
| Market Size / Share | Market Size Not disclosed / Share The document states that the company is among the global market-share leaders, but the figure is Not disclosed. / SEMICON Taiwan 2026 exhibition scale More than 1,300 companies, approximately 4,300 booths |
| New initiatives | Exhibiting at SEMICON Taiwan 2026 and developing customers among Taiwanese companies, Proposal of cyanide-free gold-plating technology for compound semiconductors used in optical communications, Proposal of Au and Pd plating technologies for cutting-edge AI accelerators |
Items this document does not state (15)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey 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.Net sales benefited from solid demand for generative AI-related products, industrial machinery, consumer applications and other products, as well as from higher precious metal prices. Operating profit was affected by upfront investments in human resources and research and development, as well as one-off losses from inventory valuation losses accompanying the decline in precious metal prices and the recovery of precious metals in connection with research and development prototypes. Net income increased due to the sale of cross-shareholdings and other factors.
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