TESEC Corporation Revises Earnings Forecast — Operating Profit Surges 144%

TESEC Corporation (TSE:6337) raised its full-year earnings guidance for the fiscal year ending March 2027, citing stronger-than-expected demand for MAP handlers driven by artificial intelligence applications.

ItemBeforeAfterChange
RevenueJPY 6.30bnJPY 7.00bn+11.1%
Operating ProfitJPY 450MJPY 1.10bn+144.4%
Ordinary IncomeJPY 590MJPY 1.30bn+120.3%
親会社株主に帰属する当期純利益JPY 540MJPY 1.04bn+92.6%
1株当たり当期純利益JPY 104.67/shareJPY 203.13/share+JPY 98.46/share

The company attributed the revision to robust first-quarter performance in handler products, which generated JPY 900M in additional revenue beyond initial projections. This gain was partially offset by a JPY 200M reduction in tester sales forecasts, as recovery in that segment is expected to lag earlier assumptions. Management also cited improved product mix and higher-margin project execution, which lifted gross profit margins above original estimates. The company assumes an exchange rate of 160 yen per dollar for the second quarter onward, with operating profit sensitivity of approximately JPY 20M per one-yen depreciation.

The revision signals accelerating demand in semiconductor testing equipment amid AI infrastructure buildout. Despite planned increases in research and development spending and personnel costs, TESEC expects ordinary income (keijo rieki)—a Japan-specific metric encompassing operating profit plus non-operating items—to reach JPY 1.30bn, representing 120% growth from prior guidance. Earnings per share are projected at JPY 203.13, nearly double the previous forecast. The upward revision underscores the company’s exposure to AI-driven semiconductor capital expenditure cycles, though investors should monitor tester segment recovery timelines and foreign exchange movements.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.