Senshu Electric cuts full-year forecast after Q3 challenges

Senshu Electric Co., Ltd. reported its consolidated financial results for the third quarter ended July 31, 2025, with net sales reaching ¥101,401 million, a 2.3% increase year-on-year. However, operating profit decreased by 10.1% to ¥6,744 million, and profit attributable to owners of the parent fell by 8.0% to ¥4,954 million. The company attributed this decline to delayed demand recovery in semiconductor manufacturing equipment, machine tools, and automotive applications, alongside construction project delays due to rising material costs and labor shortages.

Following these third-quarter results, Senshu Electric revised its consolidated full-year forecast for the fiscal year ending October 31, 2025. The company now expects net sales of ¥134,000 million, down from the previous forecast of ¥140,000 million. Operating profit is projected at ¥9,100 million (previously ¥11,000 million), and profit attributable to owners of the parent is now forecast at ¥6,700 million (previously ¥7,700 million). This represents a 13.0% decrease in profit attributable to owners of the parent compared to the initial forecast.

The company's total assets decreased to ¥105,916 million as of July 31, 2025, from ¥112,457 million at October 31, 2024, primarily due to a reduction in trade receivables. Shareholders' equity, however, increased to ¥54,716 million from ¥53,038 million, partly influenced by treasury stock repurchases and cancellations. Senshu Electric announced an anticipated annual dividend of ¥150.00 per share, with a year-end forecast of ¥75.00 per share.