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Investing.com -- Tokyo Seimitsu reported a 12% year-on-year increase in first-quarter operating profit to ¥4.6 billion, in line with company expectations, despite some high-bandwidth memory (HBM) prober orders being pushed to the second half of the fiscal year.
The semiconductor equipment manufacturer posted sales of ¥30.9 billion for the quarter ended June, up 4% from the same period last year. Semiconductor segment sales rose 7% to ¥23.5 billion, with high-performance computing (HPC) sales, including generative AI applications, accounting for 24% of the total and showing strong year-on-year growth.
The company’s measuring instruments segment recorded sales of ¥7.3 billion, down 4% compared to the previous year.
First-quarter semiconductor equipment orders totaled ¥26.4 billion, down ¥700 million year-on-year and ¥100 million quarter-on-quarter. The company revised its first-half order outlook, now expecting a slight decline compared to the second half of the previous fiscal year, whereas it had initially projected a slight increase.
For the second quarter, Tokyo Seimitsu expects semiconductor equipment orders to increase by approximately 10% compared to the first quarter. The company anticipates that first-half HPC orders will decline 23% compared to the second half of the previous fiscal year, but forecasts a 47% rebound in the second half of the current fiscal year.
Management attributed the order timing shifts to the extended use of HBM3 technology and delays in the transition to newer HBM3E and HBM4 technologies.
Tokyo Seimitsu maintained its full-year guidance for fiscal year 2026, projecting sales of ¥159.0 billion, up 6% year-on-year, and operating profit of ¥31.0 billion, a 4% increase. The semiconductor segment is expected to grow 8% to ¥120.0 billion, while the measuring instruments segment is forecast to remain flat at ¥37.0 billion.
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