TMH (280A.T) reported revenue of ¥2.126 billion and an operating loss of ¥23 million for the interim period of the fiscal year ending November 2026. Its full-year outlook was revised downward, with revenue expected to be ¥3.179 billion and the operating loss expected to be ¥276 million.
TMH Inc. reported revenue of ¥2.126 billion and an operating loss of ¥23 million for the interim period of the fiscal year ending November 2026. Demand in the semiconductor industry is said to remain strong, but results have been affected by delays in used equipment sales and the front-loading of personnel investment expenses.
At the same time, the full-year earnings outlook was revised downward, with revenue now expected to be ¥3.179 billion and the operating loss to be ¥276 million. Uncertainty in the market environment has been cited as a challenge to recovery going forward.
Results have continued to deteriorate over the past 7 quarters. Operating and net profit margins have turned negative, while the equity ratio has recovered. Revenue is increasing year on year, but EPS has continued to fluctuate significantly.
The earnings information summary also includes analyst forecasts, and caution is advised when viewing target-price trends for stocks affected by stock splits.
Overall, the view presented is that although strong semiconductor demand is providing a tailwind, delays in used equipment sales and front-loaded personnel investment are weighing on performance.