Rorze (6323) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended November 30, 2024, was ¥89,236 million, up 36.9% year-over-year, with operating profit at ¥25,593 million, up 62.4% year-over-year, and net profit attributable to shareholders at ¥19,708 million, up 27.3% year-over-year.

• Growth was driven by strong demand for semiconductor-related equipment, especially advanced chips for generative AI, with robust sales in the U.S., Taiwan, and China.

• Operating profit and net income increased despite headwinds from investment-related expenses and reduced foreign exchange gains.

Financial highlights

• Gross profit rose to ¥36,935 million from ¥23,759 million year-over-year.

• EPS for the period was ¥111.73, compared to ¥87.74 in the prior year.

• Total assets increased to ¥176,684 million, and net assets to ¥119,168 million.

• Dividend forecast for the year is ¥16.00 per share, reflecting a stock split.

• Semiconductor equipment sales accounted for 86% of total revenue.

Outlook and guidance

• Full-year revenue forecast remains unchanged at ¥120,784 million, with semiconductor equipment sales expected to meet initial projections.

• Operating profit forecast for the full year is ¥31,617 million, with a progress rate of 80.9% as of Q3.

• Net profit forecast for the full year is ¥22,916 million.

• U.S.-China trade restrictions are expected to have limited direct impact, but indirect effects such as shipment delays and demand fluctuations are being monitored.

• Production delays in Vietnam due to typhoon damage were resolved by December.