Rorze (6323) Q2 2026 earnings summary

Executive summary

• Revenue increased by 8.9% year-over-year in Q2 FY'25 to ¥65,602 million, driven by strong semiconductor equipment sales, especially to major customers in Taiwan.

• Operating profit declined by 5.4% year-over-year to ¥16,214 million due to higher SG&A costs and the absence of prior year FX gains.

• Net profit attributable to shareholders decreased by 31.4% year-over-year to ¥10,872 million, impacted by FX losses and increased subsidiary costs.

• The semiconductor and FPD equipment segment saw robust sales, while the life sciences segment remained small and loss-making.

Financial highlights

• Q2 FY'25 revenue: ¥65,602 million (up 8.9% YoY).

• Operating profit: ¥16,214 million (down 5.4% YoY).

• Ordinary profit: ¥14,572 million (down 29.2% YoY).

• Net profit attributable to shareholders: ¥10,872 million (down 31.4% YoY).

• EPS: ¥62.13 (down from ¥89.97 YoY, adjusted for stock split).

Outlook and guidance

• Full-year consolidated forecast remains unchanged, with revenue forecast at ¥128,190 million and operating income at ¥30,345 million.

• Semiconductor equipment demand in Taiwan expected to lead, with stable demand from major customers in China and the US.

• Q2 progress rates: revenue 51.2%, operating profit 53.5%, net profit 46.3% of full-year guidance.