Japan · Delayed Price · Currency is JPY Kokusai Electric Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue and profits declined year-on-year but met revised forecasts, with service revenue rising due to DRAM upgrade modifications. FY March 2026 guidance is unchanged, but FY March 2027 revenue growth is now expected to exceed 20%, driven by strong AI-related and DRAM demand.
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Second-quarter revenue and profit exceeded forecasts, driven by strong equipment and service sales, especially to Chinese manufacturers. Full-year guidance was revised down due to delayed shipments, but sales growth above WFE market is expected for the next fiscal year, with a focus on high-value-added products and robust service business.
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Q1 revenue and profit declined year-over-year due to normalized shipments, but order intake exceeded expectations. Full-year guidance remains unchanged, with a second-half weighted outlook and ongoing risks from tariffs and DRAM timing in China.
Fiscal Year 2025
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Revenue and profits grew strongly year-on-year, driven by robust NAND and service demand, with a significant upside in orders and improved margins. Outlook for March 2026 is cautious, with modest revenue growth and a focus on technology investment, while market share in batch ALD equipment continues to rise.
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Third quarter saw double-digit revenue and profit growth year-over-year, driven by strong equipment and service sales. Full-year guidance remains unchanged, with a 32% revenue increase and 50% rise in adjusted operating income expected. Export regulation risks are limited.
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Second quarter results exceeded forecasts, with strong year-over-year growth in equipment sales and profitability. Full-year guidance was raised, driven by robust DRAM demand and improving Logic Foundry and NAND outlooks, while share buybacks impacted net cash.
Fiscal Year 2024
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Semiconductor and equipment markets are set for robust growth, driven by AI, IoT, and 3D device complexity. Strategic focus includes expanding batch ALD, service business, and global production, with ambitious financial and ESG targets over the next 3-4 years.