HAMAMATSU PHOTONICS K.K. reported cumulative net sales of ¥173.0 billion for the third quarter of the fiscal year ending September 2026, up 11.3% year on year, operating income of ¥16.4 billion, up 33.1%, and net income of ¥12.6 billion, up 31.3%. The company also revised its full-year forecast upward. Expanding demand from AI data centers drove growth across its businesses.
For the cumulative third quarter of the fiscal year ending September 2026 (October 2025 to June 2026), HAMAMATSU PHOTONICS K.K. reported net sales of ¥173.0 billion, up 11.3% year on year, operating income of ¥16.4 billion, up 33.1%, ordinary income of ¥19.4 billion, up 38.5%, and net income attributable to owners of the parent of ¥12.6 billion, up 31.3%. Growing demand for semiconductor manufacturing and inspection equipment for AI data centers drove the electron tubes, opto-semiconductors and imaging measurement equipment businesses, while losses in the laser business widened.
Total assets increased from the previous fiscal year-end, with lease assets showing a notable increase, while construction in progress declined substantially. Net assets decreased due to the acquisition of treasury shares, and the equity ratio declined from 70.7% to 65.2%.
No quarterly consolidated cash flow statement was prepared, but depreciation and amortization amounted to ¥14.1 billion and goodwill amortization to ¥2.8 billion.
The full-year forecast for the fiscal year ending September 2026 was revised upward, with net sales projected at ¥239.0 billion, operating income at ¥22.0 billion, ordinary income at ¥25.5 billion and net income at ¥17.5 billion. The revision reflects increased investment in AI data centers and the weaker yen.
The company plans to pay an annual dividend of ¥38, comprising an interim dividend of ¥19 and a year-end dividend of ¥19. This is unchanged from the previous fiscal year's actual dividend.