SCREEN Holdings (7735) Q4 2025 earnings summary

Executive summary

• Achieved record-high net sales and profits for the fourth consecutive year, led by strong SPE/SBE segment performance and robust demand in Asia, with both sales and profits exceeding forecasts.

• Annual dividend reached a record ¥308 per share, and equity ratio improved to 62.7% with ROE at 25.1%.

• Net sales for FY2025/03 were ¥625.2 billion, operating income ¥135.6 billion, and net income ¥99.4 billion, all up significantly year-over-year.

• Market share in single-wafer cleaning equipment increased, outpacing WFE market growth for two years.

• Announced leadership transition, with new CEO and CFO appointments effective after June 2025 AGM.

Financial highlights

• Net sales: ¥625.2 billion (+23.8% YoY); operating income: ¥135.6 billion (+44.1% YoY); net income: ¥99.4 billion (+40.9% YoY); EPS: ¥1,023.54.

• Operating margin reached 21.7% (up 3.1pt YoY); ROE at 25.1%; equity ratio at 62.7%.

• Free cash flow for the year was ¥49.4 billion; operating cash flow ¥71.2 billion.

• Net assets rose to ¥420.6 billion; total assets at ¥671.2 billion.

• Annual dividend payout ratio was 30.1%.

Outlook and guidance

• FY2026 forecast: net sales ¥621.0 billion, operating income ¥117.0 billion, net income ¥88.0 billion, and operating margin 18.8%.

• Annual dividend for FY2026 projected at ¥280 per share, maintaining a payout ratio target of 30%.

• Guidance is conservative due to U.S. tariffs, product mix changes, and global uncertainties.

• Cumulative three-year sales target (FY2025/03–FY2027/03) is ¥1.8 trillion or more, with average OP margin of 19%+.

• SBE/SPE full-year sales expected at ¥502 billion with OP margin of 24.1%.