Ferrotec Holdings Corporation raised its consolidated ordinary profit forecast for the fiscal year ending December 2026 from the previous forecast of ¥55.0 billion to ¥66.0 billion. The first-half outlook remained undisclosed. This is a factual report based on an announcement made after the market close.
Ferrotec Holdings Corporation announced an earnings revision after the market close on 2 November. The period covered was the fiscal year ending December 2026, a nine-month financial period, and consolidated ordinary profit was raised by 20.0% from the previous forecast of ¥55.0 billion to ¥66.0 billion.
The main reasons cited for the revision were rapidly rising demand for semiconductor material products used in semiconductor manufacturing equipment related to generative AI, increased demand for thermomodules used in optical transceivers for AI data centers in the electronic devices business, and other increases in demand for product groups in the semiconductor equipment-related and electronic devices businesses.
No year-on-year comparison is shown because of the impact of the change in the financial period for the fiscal year ending December 2026. The earnings outlook for the April-September period, the first half, remained undisclosed.