Rorze (6323) Q4 2026 earnings summary

Executive summary

• Revenue increased 4% year-over-year to ¥128.8 billion, driven by semiconductor equipment and parts/repair sales, especially from Taiwanese customers, but operating profit declined 2.7% due to higher SG&A and goodwill amortization from subsidiaries.

• Net income dropped 19.4% year-over-year to ¥19.0 billion, mainly due to a ¥7.4 billion litigation provision related to a US lawsuit.

• Orders for semiconductor equipment hit a record high in Q4, with strong demand from Taiwan and Singapore end-users.

Financial highlights

• Full-year revenue: ¥128.8 billion (+4% YoY); operating profit: ¥31.2 billion (−2.7% YoY); net income: ¥19.0 billion (−19.4% YoY).

• Semiconductor equipment sales: ¥106.3 billion (+4% YoY); FPD equipment sales: ¥6.3 billion (−27% YoY); gross profit: ¥52.7 billion; gross margin: 40.9%.

• Q4 saw increased sales in Vietnam (FPD automation) and Korea (FPD transport systems).

• Cash and equivalents at year-end were ¥74.3 billion, up ¥13.0 billion from the prior year, used for business investment, debt reduction (¥7.8–8.1 billion), and share buybacks (¥5.0 billion).

Outlook and guidance

• FY2027 revenue forecast: ¥159.0 billion (+24% YoY), with operating profit of ¥38.1 billion (+22% YoY) and net income of ¥27.8 billion (+46% YoY).

• Semiconductor equipment orders expected to remain strong, supported by AI-driven demand and advanced packaging.

• Next year’s dividend is projected at ¥20 per share, following a stock split in September 2024.

• Litigation-related costs not included in FY2027 guidance due to ongoing proceedings.