Strong Q1 to Q3 Results
Net sales were JPY 1,027.5 billion, up JPY 85.2 billion or 9% year-on-year. Operating income was JPY 58.9 billion, up JPY 63.2 billion year-on-year. Net income attributable to owners of the parent was JPY 50.8 billion, up JPY 57.1 billion year-on-year.
Semiconductor and Electronic Materials Segment Growth
Sales grew 36% year-on-year to JPY 328.5 billion. Operating income increased significantly by JPY 57.8 billion to reach JPY 45.3 billion. Segment EBITDA margin increased from 11.4% in Q1 to Q3 2023 to 26.2%.
Improved EBITDA Margin
EBITDA was JPY 142.4 billion, up JPY 64.9 billion year-on-year. EBITDA margin improved by 5.6 points to 13.9%.
Upward Revision of Full Year Forecast
Operating income forecast revised upward by JPY 16.5 billion compared to earlier forecast. Full-year EBITDA margin expected to improve from 8.2% to 13.6%.
Improved Balance Sheet
Total net assets were JPY 616.4 billion, up JPY 37.7 billion from the end of last year. Debt equity ratio improved from 1 to 0.9x, and equity ratio improved from 27.2% to 28.7%.