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SEMITEC, First Half Ordinary Profit Decreases by 15%
6626 SEMITEC Corporation 【J-GAAP】
Earnings ReportSEMITEC Corporation <6626> [TSE Std] announced its financial results after the market closed on November 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 15.1% from the same period last year to 1.79 billion yen. However, Progress toward the full-year plan of 2.92 billion yen was 61.5%, also surpassing the five-year average of 51.6%.
Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 42.2% from the same period last year to 1.12 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 0.89 billion yen, a 3.5% decrease compared to the same period last year. The operating profit margin decreased from 16.8% in the same period last year to 14.6%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 11,300 | 1,769 | 2,091 | 1,040 | 91.5 | 53.9 | Nov 14, 2023 | J-GAAP |
| Apr - Sep, 2024 | 12,787 | 2,135 | 2,116 | 1,608 | 149.9 | 52.1 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 | 12,696 | 1,914 | 1,796 | 1,458 | 139.6 | 61.5 | Nov 13, 2025 | J-GAAP |
| YoY | -0.7% | -10.4% | -15.1% | -9.3% | -6.9% |
First Half Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 Guidance | 11,790 | 1,660 | 1,540 | 1,280 | 125.2 | 0 | May 13, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 12,696 | 1,914 | 1,796 | 1,458 | 139.6 | 0 | Nov 13, 2025 | J-GAAP |
| Revision Rate | +7.7% | +15.3% | +16.6% | +13.9% | +11.5% |
Current Period Guidance
Second Half Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Mar, 2024 | 12,547 | 1,780 | 1,943 | 1,505 | 141.0 | 40 | May 13, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 10,686 | 1,086 | 1,124 | 782 | 78.5 | 47 | Nov 13, 2025 | J-GAAP |
| YoY | -14.8% | -39.0% | -42.2% | -48.0% | -44.3% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 22,675 | 3,571 | 3,879 | 2,148 | 191.9 | 26 | May 14, 2024 | J-GAAP |
| Mar, 2025 | 25,334 | 3,915 | 4,059 | 3,113 | 291.7 | 40 | May 13, 2025 | J-GAAP |
| Mar, 2026 Guidance | 23,382 | 3,000 | 2,920 | 2,240 | 224.9 | 47 | May 13, 2025 | J-GAAP |
| YoY | -7.7% | -23.4% | -28.1% | -28.0% | -22.9% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 6,394 | 1,071 | 922 | 806 | 75.1 | 16.8 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 6,312 | 989 | 1,198 | 737 | 68.4 | 15.7 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 6,235 | 791 | 745 | 768 | 72.0 | 12.7 | May 13, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,247 | 972 | 906 | 856 | 80.7 | 15.6 | Aug 8, 2025 | J-GAAP |
| Jul - Sep, 2025 | 6,449 | 942 | 890 | 602 | 57.6 | 14.6 | Nov 13, 2025 | J-GAAP |
| YoY | +0.9% | -12.0% | -3.5% | -25.3% | -23.3% |
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