Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
149
¥1 billion (increase from the July forecast for full-year net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥845.2 1 billion 1H results
Operating profit¥456.8 1 billion 1H results
Net income¥368.1 1 billion 1H results
Gross Profit Margin
Rate71.1%（Q2）
Year-on-year change (points)+8.9 percentage points
Operating profit margin
Rate55.9%（Q2）
Year-on-year change (points)+14.6 percentage points
Results for the three months of the current quarter
Net Sales
¥477.7 1 billion
Gross profit
¥339.8 1 billion
Operating profit
¥266.8 1 billion
Pretax profit
¥276.2 1 billion
Profit for the period
¥193.3 1 billion
Full-year earnings forecast
Net Sales
¥1,863 1 billion
Operating profit
¥967 1 billion
Operating profit margin
51.9 %
Pretax profit
¥1,021.5 1 billion
Profit for the period
¥741.5 1 billion
Basic EPS
1,027.08 Yen
Research and development expenses
¥114 1 billion
Capital Expenditure
¥60 1 billion
Depreciation and amortization
¥31.5 1 billion
What the company explained in this material
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollarsUS$1 = ¥155
Euro€1 = ¥177
Foreign exchange sensitivity
Against the US dollarFor every ¥1 depreciation against the US dollar, operating profit increases by ¥5.8 billion
Against the euroFor every ¥1 depreciation against the euro, operating profit decreases by ¥400 million
CY26 Tester Market Size
TotalUS$13.0–14.5 billion
SoC TesterUS$10.5–11.5 billion
Memory TesterUS$2.5–3.0 billion
New initiatives
- Accelerate the expansion of SoC tester production capacity and bring forward achievement of the annual target of 10,000 units
- Accelerate the start-up of memory tester production
- Increase the interim dividend to ¥49 per share
- Establish a new treasury share repurchase program
Key KPIsA metric the company considers important as a management benchmark.
- CY26 tester market size forecast13.0～14.5
- Annual SoC tester production capacity5,000 units
- SoC tester production capacity target10,000 Units
- Equity ratio attributable to owners of the parent66.1 %
Segment results
Test systems
Net Sales
¥436.7 1 billion
Services and other
Net Sales
¥41.1 1 billion
Test System Breakdown
SoC test systems
¥353.3 1 billion
Memory test systems
¥53.4 1 billion
Other systems
¥29.9 1 billion
Services and Other Breakdown
Support and services
¥25.6 1 billion
Other
¥15.5 1 billion
Medium-term management plan targets
Total payout ratioAt least 50% over the three-year period of MTP3
Market Size / Share
CY26 Tester Market SizeUS$13.0–14.5 billion
Capital expenditures
¥60 1 billion full-year forecast
Annual Dividend
Interim Dividend
49 Yen
Acquisition of treasury shares
Number of shares acquired11 million shares (maximum)
Acquisition price¥280 billion (maximum)
Period29 October 2026–24 March 2027
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2026 |
| Net Sales | ¥845.2 1 billion (1H results) |
| Operating profit | ¥456.8 1 billion (1H results) |
| Net income | ¥368.1 1 billion (1H results) |
| Gross Profit Margin | Rate 71.1%（Q2） / Year-on-year change (points) +8.9 percentage points |
| Operating profit margin | Rate 55.9%（Q2） / Year-on-year change (points) +14.6 percentage points |
| Results for the three months of the current quarter | Net Sales ¥477.7 1 billion / Gross profit ¥339.8 1 billion / Operating profit ¥266.8 1 billion / Pretax profit ¥276.2 1 billion / Profit for the period ¥193.3 1 billion |
| Full-year earnings forecast | Net Sales ¥1,863 1 billion / Operating profit ¥967 1 billion / Operating profit margin 51.9 % / Pretax profit ¥1,021.5 1 billion / Profit for the period ¥741.5 1 billion / Basic EPS 1,027.08 Yen / Research and development expenses ¥114 1 billion / Capital Expenditure ¥60 1 billion / Depreciation and amortization ¥31.5 1 billion |
| Segment results | Test systems Net Sales ¥436.7 1 billion / Profit Not disclosed / Services and other Net Sales ¥41.1 1 billion / Profit Not disclosed / Test System Breakdown SoC test systems ¥353.3 1 billion / Memory test systems ¥53.4 1 billion / Other systems ¥29.9 1 billion / Services and Other Breakdown Support and services ¥25.6 1 billion / Other ¥15.5 1 billion |
| Key KPIs | Indicator CY26 tester market size forecast / Value 13.0～14.5, Indicator Annual SoC tester production capacity / Value 5,000 units, Indicator SoC tester production capacity target / Value 10,000 Units, Indicator Equity ratio attributable to owners of the parent / Value 66.1 % |
| Assumptions Underlying the Business Outlook | Exchange rate US dollars US$1 = ¥155 / Euro €1 = ¥177 / Foreign exchange sensitivity Against the US dollar For every ¥1 depreciation against the US dollar, operating profit increases by ¥5.8 billion / Against the euro For every ¥1 depreciation against the euro, operating profit decreases by ¥400 million / CY26 Tester Market Size Total US$13.0–14.5 billion / SoC Tester US$10.5–11.5 billion / Memory Tester US$2.5–3.0 billion |
| Medium-term management plan targets | Total payout ratio At least 50% over the three-year period of MTP3 |
| Annual Dividend | Annual dividend per share Not disclosed / Interim Dividend 49 Yen / Year-end dividend Not disclosed |
| Acquisition of treasury shares | Number of shares acquired 11 million shares (maximum) / Acquisition price ¥280 billion (maximum) / Period 29 October 2026–24 March 2027 |
| Capital expenditures | ¥60 1 billion (full-year forecast) |
| Market Size / Share | CY26 Tester Market Size US$13.0–14.5 billion / Share Not disclosed |
| New initiatives | Accelerate the expansion of SoC tester production capacity and bring forward achievement of the annual target of 10,000 units, Accelerate the start-up of memory tester production, Increase the interim dividend to ¥49 per share, Establish a new treasury share repurchase program |
Items this document does not state (13)
Ordinary incomeSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioOrders 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.Strong tester demand for AI-related semiconductors, higher sales of SoC testers and an improved product mix are expected to contribute to higher profit margins. The impact of rising component costs is also factored into the forecast. The company is accelerating production capacity expansion to meet increased demand.
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.