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Ferrotech Research Memo (6): "Revised with a focus on a total return ratio of 30%" and announced its stock repurchase.
■The shareholder return policy of Ferrotec Holdings <6890> was revised in the mid-term management plan materials at the time of the interim financial results to "Focus on increasing shareholder returns, aiming for an increase in dividends through sustained revenue enhancement, while also flexibly utilizing Share Buyback, keeping in mind a total return ratio of 30% to provide profit returns." The annual dividend for the ongoing fiscal year ending March 2025 has been increased to 110 yen (initially expected to be 100 yen, previous year's result 100 yen), and the acquisition of own stocks (acquisition limit of 0.5 billion yen) is also being implemented.
Ferrotech Research Memo (5): The target values of the medium-term management plan remain unchanged.
■ Medium-term management plan 1. Basic policy of the medium-term management plan Ferro-Tech Holdings <6890> has announced a medium-term management plan with March 2027 as the final year, and has set the following four basic policies: (1) Business growth - Pursue growth in the Semiconductor and Automobile-related businesses, and expand top-tier businesses in the industry. - Strengthen the system where factories in Malaysia and Japan capture demand for products manufactured outside China, while factories in China capture demand for products manufactured in China. (2) Production efficiency - Competitiveness.
Ferrotech Research Memo (4): The operating profit for the fiscal year ending March 2025 is expected to remain unchanged from the initial Financial Estimates, predicting an increase of 4.5%.
■ The future outlook for Ferro Tech Holdings <6890> 1. Performance outlook for the fiscal year ending March 2025 The full-year performance for the fiscal year ending March 2025 is expected to be revenue of 265,000 million yen (an increase of 19.1% compared to the previous year), operating profit of 26,000 million yen (an increase of 4.5% compared to the previous year), ordinary profit of 26,000 million yen (a decrease of 2.0% compared to the previous year), and net income attributable to shareholders of the parent company of 16,000 million yen (an increase of 5.6% compared to the previous year), with revenue being revised upward from the initial forecast, but operating profit and below remain unchanged.
FeroTech Research Memo (2): Main customers are major Semiconductor Device and manufacturing equipment manufacturers.
■Company Overview 1. Company Overview Ferrotec Holdings <6890> is a pure holding company with 73 consolidated subsidiaries and 9 equity-method subsidiaries as of the end of March 2024. Originally established in 1980 as the Japanese corporation "Nihon Ferrofluidics Co., Ltd." of Ferrofluidics Corporation (now Ferrotec (USA) Corporation), it later became independent from the parent company and has been pursuing its own path.
Kaiomu, DELTA-P and others.
＜1431＞Completion of stock buyback by Live Work. ＜4583＞Joint research contract concluded with Aiome. ＜4523＞Mass exercise of DELTA-P's 8th subscription rights (with exercise price adjustment clause) starts on the 11th, number of shares to be delivered, 0.45 million shares. ＜6180＞Completion of stock buyback by GMO Broadcasting. ＜6558＞Cookbiz downward revision of this fiscal year's operating profit forecast to 0.091 billion yen from 0.351 billion yen. ＜7707＞PSS joint venture with FerroTec Holdings ＜6890＞.
Ferrotec Holdings - Acquisition of shares in a power semiconductor substrate manufacturing subsidiary by a China components cleaning business subsidiary.
Ferrotec Holdings <6890> announced on the 26th that at the board of directors' meeting scheduled for November 25, it agreed and approved the subsidiary Anhui Fulede Technology Development (hereinafter referred to as FTSVA) to enter into a stock purchase agreement with the shareholders of Jiangsu Fulehua Semiconductor Technology (hereinafter referred to as FLH), a subsidiary manufacturing insulating heat dissipation substrates for power semiconductors through equity and convertible bonds issuance. This matter was disclosed on October 16, 2024, regarding the company's power semiconductors cleaning business subsidiary in China.