Ferrotec revises mid-term outlook amid semiconductor slowdown

Ferrotec Holdings Corporation (TSE:6890) has announced a revised mid-term management plan, reflecting a more conservative outlook due to slowing growth in the semiconductor industry. The company has lowered its sales target for the fiscal year ending March 2026 to JPY 285 billion, but projects sales of JPY 400 billion by March 2028. It also intends to increase shareholder returns, setting a minimum dividend payout ratio of 3.5% of equity, and is considering share buybacks.