Kokusai Electric Corporation (6525) Earnings Call Transcripts

Kokusai Electric Corporation's Latest Earnings Call - Q4 FY2026

In the fiscal year ended March 2026, Kokusai Electric Corporation reported a revenue of JPY 264 billion, a decrease of 2% year-on-year, but exceeded previous forecasts by JPY 5.1 billion. Adjusted net income was JPY 9.2 billion, down 18% year-on-year, yet the company plans to increase its year-end dividend from JPY 18 to JPY 19, reflecting a payout ratio of 25.3%. For the fiscal year ending March 2027, management expects a revenue increase of 19% and adjusted operating profit growth of 27%, driven by strong demand for advanced semiconductor devices, particularly in DRAM and NAND applications.

Reported metrics

Guidance from management

For FY2027, Kokusai Electric expects revenue growth of 19% and adjusted operating profit growth of 27%, with a gross profit margin of 42%. Guidance reflects a cautious but optimistic outlook based on strong demand for advanced semiconductor technologies.

What management said

As of now, the new outlook that we have is for application by application, year-on-year growth rate. Why I will expect NAND is plus 15%. DRAM plus 25 to plus 30, Logic, Foundry and others together, plus 5 to plus 10. These include China and non-China in Overall. Next, China and non-China, China, minus 5% non-China plus 20%. This is what we expect. I.

The second half of our company for the revenue as of now -- the changes are more for the increase. This is the change taking place lately. But right now, as a number that we show you today is the number I have mentioned and shown you already. In fact, from several clients in 2027, the investments planned, they want to implement earlier. We are receiving asset inquiries from customers.

What analysts pressed on

Analysts expressed concerns regarding the company's conservative outlook compared to peers, particularly in the context of the WFE market growth. There were questions about the visibility of demand in the second half of FY2027 and the potential impact of geopolitical tensions on revenue from China.

Main topics on the call

• Revenue and Profit Performance — Kokusai Electric's revenue for FY2026 was JPY 264 billion, down 2% YoY, while adjusted operating income decreased by 18%. Management noted, "both revenues and profits slightly exceeded the revised forecast," indicating r...
• Dividend Increase — The company announced an increase in the year-end dividend from JPY 18 to JPY 19, resulting in an annual dividend of JPY 37. This decision reflects confidence in cash flow management despite lower profits, with a payout ...
• Bookings and Backlog — Bookings for Q4 were approximately JPY 104 billion, exceeding expectations by JPY 30 billion, with a backlog of JPY 165 billion at year-end. Management highlighted strong momentum in inquiries, suggesting robust future d...
• Future Revenue Guidance — For FY2027, Kokusai Electric expects revenue to increase by 19% and adjusted operating profit by 27%. Management stated, "We aim to achieve revenue and profit growth above market by leveraging the technical superiority o...

Read the full Kokusai Electric Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 9 Kokusai Electric Corporation earnings call transcripts on record, spanning February 9, 2024 to August 6, 2026. Based on this history, Kokusai Electric Corporation reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

6525

Exchange

TSE

Country

JP

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

9

First call

February 9, 2024

Most recent

August 6, 2026

Reporting cadence

quarterly