Espec corp. revises 2025 forecasts upwards on strong AI, satellite demand

Espec Corp. announced an upward adjustment to its full-year sales and profit projections for the fiscal year ending March 2026. The company now expects net sales of JPY68,000 million and operating income of JPY7,600 million, representing a 1.1% and 1.0% increase year-on-year, respectively. Net income attributable to shareholders is projected to be JPY5,800 million.

The revision is primarily attributed to strong order intake, particularly in AI semiconductor-related electronic components and equipment, as well as robust investments in satellite communication in North America. Despite this, the company notes a slower pace in custom product revenue and the impact of reduced EV demand on its contract testing services.

For the first half of fiscal year 2025 (ending September 30, 2025), Espec Corp. reported net sales of JPY30,322 million and an operating income of JPY2,607 million. The company reiterated its dividend forecast of JPY45 for the interim and JPY70 for the year-end, totaling JPY115 per share for the full fiscal year.