Worth reading
68In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
92.9
Year-on-year revenue growth (%)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFY ending August 2026, third quarter11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,022 million+92.9%
Operating profit¥2,644 million+84.1%
Ordinary income¥2,460 million+85.7%
Net income¥2,431 million+159.7%
Gross Profit Margin32.1 %
Operating profit margin18.9 %
Selling, general and administrative expenses¥1,855 million
Results for the three months of the current quarterIn the third quarter, the Precision Components Business recorded sales of ¥1,930 million in semiconductors, ¥604 million in FPDs and ¥39 million in other products, with operating income of ¥367 million. The Functional Materials Business recorded sales of ¥1,425 million in IT materials, ¥637 million in semiconductor equipment components and ¥837 million in basic materials, with operating income of ¥623 million before amortization of goodwill.
Full-year earnings forecast
Net Sales
¥20,000 million
Operating profit
¥4,100 million
Ordinary income
¥3,900 million
Profit attributable to owners of the parent
¥3,300 million
Earnings per share
¥126.56
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally performing better than initially expectedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Subsidy Income¥1,013 million
- Decrease in provision for order-loss allowances and other items compared with the end of the previous fiscal year¥29 million
- Materials costs¥4,517 million
- Subcontracted processing costs¥1,157 million
- Labor Costs¥2,291 million
- Depreciation¥775 million
- SG&A personnel expenses¥770 million
- Amortization of goodwill¥143 million
- Amortization of customer-related assets¥147 million
- Taxes and dues¥138 million
- Research and Development Expenses¥127 million
- Interest expenses¥178 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The semiconductor equipment market will remain strong. The assumptions are a TOPIX level of approximately 4,000 points in August 2026 and an average share price of around ¥2,810 in August 2026, required to remain in the new TOPIX.New initiatives
- Upward revision of the full-year earnings forecast in response to strong conditions in the semiconductor equipment market
- Securing personnel and making capital investments to expand KMAC's capacity
- Preparing for group-wide investments of up to ¥4 billion for the next fiscal year
- Raising total proceeds of ¥5.848 billion through new share issuance, disposal of treasury shares and other measures
- Allocating the proceeds to Marumae capital investments and other uses, KMAC capital investments and other uses, and repayment of borrowings
Key KPIsA metric the company considers important as a management benchmark.
- Precision Components Business semiconductor sales¥5,244 millionYear on year against the same period last year+14.2%
- Precision Components Business FPD sales¥804 millionYear on year against the same period last year-21.6%
- Precision Components Business other sales¥39 millionYear on year against the same period last year-31.2%
- Marumae quarterly semiconductor ordersRecord high
- KMAC vacuum chamber sales volume399 tonnes
Segment results
Precision Components Business
Semiconductor sector
¥5,244 million+14.2%
FPD sector
¥804 million-21.6%
Other fields
¥39 million-31.2%
Functional materials business
IT materials¥2,573 million (year-on-year change: Not disclosed)
Semiconductor equipment components¥1,459 million (year-on-year change: Not disclosed)
Basic materials¥3,637 million (year-on-year change: Not disclosed)
Medium-term management plan targets
Dividend payout ratio of at least 35%. Marumae capital investment is being brought forward from the schedule in the medium-term management plan.Orders received and order backlog
Quarterly semiconductor orders reached a record high (specific amount: Not disclosed)Number of employees
Number of Employees632 people
As of31 May 2026
Temporary staff57 people
Annual Dividend
Annual dividend per share¥64
Interim Dividend¥38
Year-end dividend¥26
Payout ratio
35.6| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | FY ending August 2026, third quarter |
| Net Sales | ¥14,022 million (YoY +92.9%) |
| Operating profit | ¥2,644 million (YoY +84.1%) |
| Ordinary income | ¥2,460 million (YoY +85.7%) |
| Net income | ¥2,431 million (YoY +159.7%) |
| Gross Profit Margin | 32.1 % |
| Operating profit margin | 18.9 % |
| Selling, general and administrative expenses | ¥1,855 million |
| Results for the three months of the current quarter | In the third quarter, the Precision Components Business recorded sales of ¥1,930 million in semiconductors, ¥604 million in FPDs and ¥39 million in other products, with operating income of ¥367 million. The Functional Materials Business recorded sales of ¥1,425 million in IT materials, ¥637 million in semiconductor equipment components and ¥837 million in basic materials, with operating income of ¥623 million before amortization of goodwill. |
| Full-year earnings forecast | Net Sales ¥20,000 million / Operating profit ¥4,100 million / Ordinary income ¥3,900 million / Profit attributable to owners of the parent ¥3,300 million / Earnings per share ¥126.56 |
| Self-assessment against the plan | Generally performing better than initially expected |
| Segment results | Precision Components Business Semiconductor sector ¥5,244 million (YoY +14.2%) / FPD sector ¥804 million (YoY -21.6%) / Other fields ¥39 million (YoY -31.2%) / Functional materials business IT materials ¥2,573 million (year-on-year change: Not disclosed) / Semiconductor equipment components ¥1,459 million (year-on-year change: Not disclosed) / Basic materials ¥3,637 million (year-on-year change: Not disclosed) |
| Breakdown of Factors Affecting the Change | Factors Subsidy Income / Amount ¥1,013 million, Factors Decrease in provision for order-loss allowances and other items compared with the end of the previous fiscal year / Amount ¥29 million, Factors Materials costs / Amount ¥4,517 million, Factors Subcontracted processing costs / Amount ¥1,157 million, Factors Labor Costs / Amount ¥2,291 million, Factors Depreciation / Amount ¥775 million, Factors SG&A personnel expenses / Amount ¥770 million, Factors Amortization of goodwill / Amount ¥143 million, Factors Amortization of customer-related assets / Amount ¥147 million, Factors Taxes and dues / Amount ¥138 million, Factors Research and Development Expenses / Amount ¥127 million, Factors Interest expenses / Amount ¥178 million |
| Key KPIs | Indicator name Precision Components Business semiconductor sales / Value ¥5,244 million / Year on year against the same period last year ¥14.2 million, Indicator name Precision Components Business FPD sales / Value ¥804 million / Year on year against the same period last year ¥-21.6 million, Indicator name Precision Components Business other sales / Value ¥39 million / Year on year against the same period last year ¥-31.2 million, Indicator name Marumae quarterly semiconductor orders / Value Record high / Year on year against the same period last year Not disclosed, Indicator name KMAC vacuum chamber sales volume / Value 399 tonnes / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 632 people / As of 31 May 2026 / Temporary staff 57 people |
| Assumptions Underlying the Business Outlook | The semiconductor equipment market will remain strong. The assumptions are a TOPIX level of approximately 4,000 points in August 2026 and an average share price of around ¥2,810 in August 2026, required to remain in the new TOPIX. |
| Medium-term management plan targets | Dividend payout ratio of at least 35%. Marumae capital investment is being brought forward from the schedule in the medium-term management plan. |
| Annual Dividend | Annual dividend per share ¥64 / Interim Dividend ¥38 / Year-end dividend ¥26 |
| Payout ratio | 35.6 |
| Orders received and order backlog | Quarterly semiconductor orders reached a record high (specific amount: Not disclosed) |
| New initiatives | Upward revision of the full-year earnings forecast in response to strong conditions in the semiconductor equipment market, Securing personnel and making capital investments to expand KMAC's capacity, Preparing for group-wide investments of up to ¥4 billion for the next fiscal year, Raising total proceeds of ¥5.848 billion through new share issuance, disposal of treasury shares and other measures, Allocating the proceeds to Marumae capital investments and other uses, KMAC capital investments and other uses, and repayment of borrowings |
Items this document does not state (9)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey 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.The semiconductor equipment market remained strong. In the Precision Components Business, sales in the semiconductor sector increased, while semiconductor equipment components and basic materials performed well in the Functional Materials Business. The pass-through of higher material costs into selling prices and improved capacity utilization also contributed to earnings, while cost of sales and SG&A expenses increased. Net income benefited from ¥1,013 million in subsidy income.
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