(Correction to Previously Disclosed Information) Disclosure of Earnings Presentation Materials and Medium-Term Management Plan (Rolling Plan) Materials | Ferrotec Corporation (6890) timely disclosure

Worth reading

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Direction

Neutral

Direction inferred from the company’s description.

Scale

¥100 million (amount of the correction to the prior net income target for the fiscal year ending December 2027)

Wording

Definitive

How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full-year results12 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥288,933 million

Operating profit¥27,561 million

Ordinary income¥26,063 million

Net income¥14,886 million

Operating profit margin9.5% (year-on-year change in percentage points: not disclosed)

Results for the three months of the current quarterQ4 of the fiscal year ending March 2026: net sales ¥77,287 million, operating income ¥5,721 million, ordinary income ¥6,426 million, net income attributable to owners of the parent ¥4,740 million, cost of sales ¥57,874 million, gross profit ¥19,413 million, and SG&A expenses ¥13,691 million

Full-year earnings forecast

Net Sales

¥350,000 million

Operating profit

¥38,000 million

Ordinary income

¥36,000 million

Profit attributable to owners of the parent

¥23,000 million

Capital expenditures

¥65,000 million

Depreciation and amortization

¥32,172 million

EBITDA

¥70,172 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

The materials state that profit growth was sluggish due mainly to an increase in inventory write-downs at the new plant. A breakdown by amount is not disclosed

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Exchange rates: ¥150.0 per U.S. dollar and ¥21.00 per Chinese yuan (forecast for the fiscal year ending December 2026)

New initiatives

Construction of the second plant in Kulim, Malaysia, with operations scheduled to begin in 2026; construction of a new plant in Beijing, China; changing the fiscal year-end from March to December; adopting DOE; and establishing a share repurchase policy

Key KPIsA metric the company considers important as a management benchmark.

ROE 6.0%, ROIC 3.2%, equity ratio 37.6%, EBITDA ¥54,988 million

Segment results

Trends in net sales by segment are presented, but segment profit for the fiscal year ended March 2026 is not disclosed

Medium-term management plan targets

Fiscal year ending December 2026: net sales ¥350,000 million, operating income ¥38,000 million, net income ¥23,000 million. Fiscal year ending December 2027: net sales ¥400,000 million, operating income ¥48,000 million, net income ¥30,000 million. Fiscal year ending December 2028: net sales ¥450,000 million, operating income ¥57,000 million, net income ¥38,000 million

Financial targets

For the fiscal year ending December 2028: ROE 11.0%, ROIC 7.0%, equity ratio 40.0%. Actual results for the fiscal year ended March 2026 were ROE 6.0%, ROIC 3.2%, and an equity ratio of 37.6%

Number of stores and locations

A list of locations is provided, but the number of locations at period-end and the number of openings and closures during the period are not disclosed

Capital expenditures

54,598 Millions of yen fiscal year ended March 2026 actual

Annual Dividend

¥148.0 per share for the fiscal year ended March 2026. Planned dividend of ¥200 per share for the fiscal year ending December 2026 (regular dividend ¥150, special dividend ¥50)

Payout ratio

Planned payout ratio of 46.8% for the fiscal year ending December 2026. The company aims for a minimum DOE of 3.5% and a total payout ratio of 50%

Acquisition of treasury shares

The company plans to conduct share repurchases of up to ¥25.0 billion from the fiscal year ending December 2026 through the fiscal year ending December 2028

Contents of this document
Item	Details
Document type	Presentation materials for financial results
Fiscal Period Covered	Fiscal year ending March 2026, full-year results
Net Sales	¥288,933 million
Operating profit	¥27,561 million
Ordinary income	¥26,063 million
Net income	¥14,886 million
Operating profit margin	9.5% (year-on-year change in percentage points: not disclosed)
Results for the three months of the current quarter	Q4 of the fiscal year ending March 2026: net sales ¥77,287 million, operating income ¥5,721 million, ordinary income ¥6,426 million, net income attributable to owners of the parent ¥4,740 million, cost of sales ¥57,874 million, gross profit ¥19,413 million, and SG&A expenses ¥13,691 million
Full-year earnings forecast	Net Sales ¥350,000 million / Operating profit ¥38,000 million / Ordinary income ¥36,000 million / Profit attributable to owners of the parent ¥23,000 million / Capital expenditures ¥65,000 million / Depreciation and amortization ¥32,172 million / EBITDA ¥70,172 million
Segment results	Trends in net sales by segment are presented, but segment profit for the fiscal year ended March 2026 is not disclosed
Breakdown of Factors Affecting the Change	The materials state that profit growth was sluggish due mainly to an increase in inventory write-downs at the new plant. A breakdown by amount is not disclosed
Key KPIs	ROE 6.0%, ROIC 3.2%, equity ratio 37.6%, EBITDA ¥54,988 million
Number of stores and locations	A list of locations is provided, but the number of locations at period-end and the number of openings and closures during the period are not disclosed
Assumptions Underlying the Business Outlook	Exchange rates: ¥150.0 per U.S. dollar and ¥21.00 per Chinese yuan (forecast for the fiscal year ending December 2026)
Medium-term management plan targets	Fiscal year ending December 2026: net sales ¥350,000 million, operating income ¥38,000 million, net income ¥23,000 million. Fiscal year ending December 2027: net sales ¥400,000 million, operating income ¥48,000 million, net income ¥30,000 million. Fiscal year ending December 2028: net sales ¥450,000 million, operating income ¥57,000 million, net income ¥38,000 million
Financial targets	For the fiscal year ending December 2028: ROE 11.0%, ROIC 7.0%, equity ratio 40.0%. Actual results for the fiscal year ended March 2026 were ROE 6.0%, ROIC 3.2%, and an equity ratio of 37.6%
Annual Dividend	¥148.0 per share for the fiscal year ended March 2026. Planned dividend of ¥200 per share for the fiscal year ending December 2026 (regular dividend ¥150, special dividend ¥50)
Payout ratio	Planned payout ratio of 46.8% for the fiscal year ending December 2026. The company aims for a minimum DOE of 3.5% and a total payout ratio of 50%
Acquisition of treasury shares	The company plans to conduct share repurchases of up to ¥25.0 billion from the fiscal year ending December 2026 through the fiscal year ending December 2028
Capital expenditures	54,598 Millions of yen (fiscal year ended March 2026 actual)
New initiatives	Construction of the second plant in Kulim, Malaysia, with operations scheduled to begin in 2026; construction of a new plant in Beijing, China; changing the fiscal year-end from March to December; adopting DOE; and establishing a share repurchase policy

Items this document does not state (10)

Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookOrders received and order backlogMarket 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.

Transcription errors in accounting figures and other data.

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.

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