Torex Semiconductor announced its first-quarter results, with operating profit at ¥890 million, 5.4 times the level recorded in the same period of the previous year. The full-year forecast was raised from the previous ¥1.3 billion to ¥1.5 billion, with the weaker yen also expected to boost results.
Torex Semiconductor released its first-quarter results, reporting operating profit of ¥890 million, 5.4 times the level recorded in the same period of the previous year. As a result, it raised its full-year forecast from the previous ¥1.3 billion to ¥1.5 billion.
According to the report, sales increased overall, including across all regions except North America and all fields except wearable devices. Fenitec Semiconductor was also said to be showing signs of recovery across all regions except Europe and all fields except medical equipment. The impact of the weaker yen was also cited as a factor supporting results.
Regarding the outlook, the reported view is that it will remain necessary to monitor regional demand trends and the impact of foreign-exchange movements.