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Ferrotec Holdings, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%
6890 Ferrotec Corporation 【J-GAAP】
Earnings ReportFerrotec Corporation <6890> [TSE Std] announced its financial results after the market closed on November 14th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 16.5% from the same period last year to 12.9 billion yen.
However, the full-year forecast for consolidated ordinary profit has been revised upward 7.7%, from the previous forecast of 26.0 billion yen to 28.0 billion yen (compared to 25.5 billion yen in the previous period), increasing the growth rate from 1.7% to 9.6%.
Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand 49.5% from the same period last year, reaching 15.0 billion yen.
In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 7.05 billion yen, a 2.7% decrease compared to the same period last year. However, the operating profit margin improved from 9.8% in the same period last year to 10.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2023 | 105,494 | 13,035 | 15,217 | 8,390 | 178.8 | 57.3 | Nov 14, 2023 | J-GAAP |
| Apr - Sep, 2024 | 135,157 | 14,251 | 15,470 | 9,190 | 195.5 | 60.5 | Nov 14, 2024 | J-GAAP |
| Apr - Sep, 2025 | 140,980 | 14,333 | 12,923 | 6,308 | 134.7 | 46.2 | Nov 14, 2025 | J-GAAP |
| YoY | +4.3% | +0.6% | -16.5% | -31.4% | -31.1% |
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 | 135,000 | 13,000 | 12,000 | 7,000 | 149.5 | 74 | May 15, 2025 | J-GAAP |
| Apr - Sep, 2025 Results | 140,980 | 14,333 | 12,923 | 6,308 | 134.7 | 74 | Nov 14, 2025 | J-GAAP |
| Revision Rate | +4.4% | +10.3% | +7.7% | -9.9% | -9.8% |
Guidance Update
Full Year Update
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Prev | 285,000 | 28,000 | 26,000 | 16,000 | 341.6 | 148 | May 15, 2025 | J-GAAP |
| Mar, 2026 New | 285,000 | 30,000 | 28,000 | 16,000 | 341.6 | 148 | Nov 14, 2025 | J-GAAP |
| Revision Rate | 0.0% | +7.1% | +7.7% | 0.0% | 0.0% |
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 | 139,233 | 9,838 | 10,088 | 6,502 | 138.5 | 86 | May 15, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 144,020 | 15,667 | 15,077 | 9,692 | 206.9 | 74 | Nov 14, 2025 | J-GAAP |
| YoY | +3.4% | +59.2% | +49.5% | +49.1% | +49.5% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 222,430 | 24,872 | 26,537 | 15,154 | 322.7 | 100 | May 15, 2024 | J-GAAP |
| Mar, 2025 | 274,390 | 24,089 | 25,558 | 15,692 | 334.1 | 141 | May 15, 2025 | J-GAAP |
| Mar, 2026 Guidance | 285,000 | 30,000 | 28,000 | 16,000 | 341.6 | 148 | Nov 14, 2025 | J-GAAP |
| YoY | +3.9% | +24.5% | +9.6% | +2.0% | +2.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jul - Sep, 2024 | 74,047 | 7,236 | 7,253 | 4,341 | 92.3 | 9.8 | Nov 14, 2024 | J-GAAP |
| Oct - Dec, 2024 | 67,208 | 5,445 | 5,046 | 3,422 | 72.8 | 8.1 | Feb 14, 2025 | J-GAAP |
| Jan - Mar, 2025 | 72,025 | 4,393 | 5,042 | 3,080 | 65.6 | 6.1 | May 15, 2025 | J-GAAP |
| Apr - Jun, 2025 | 68,899 | 6,672 | 5,864 | 2,674 | 57.1 | 9.7 | Aug 14, 2025 | J-GAAP |
| Jul - Sep, 2025 | 72,081 | 7,661 | 7,059 | 3,634 | 77.6 | 10.6 | Nov 14, 2025 | J-GAAP |
| YoY | -2.7% | +5.9% | -2.7% | -16.3% | -15.9% |
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