Fact Book 2025 (192KB)

Latest Financial Results
(The first half of FY ending March 2026)

(Millions of Yen)

	2024/9	2025/9	Change (%)
Orders received	36,621	38,636	5.5
Net sales	30,464	30,322	-0.5
Operating profit	3,296	2,607	-20.9
Ordinary profit	3,398	2,704	-20.4
Profit attributable to owners of parent	2,452	1,912	-22.0

During the first six months of fiscal 2025, the year ending March 31, 2026, the ESPEC Group’s business environment saw firm demand for electronics components and electronics equipment related to AI semiconductors, which is a target market under the medium-term management plan. Investment in satellite communications in North America was also strong. In the automotive-related field, investments for EVs and batteries seem to have slowed.
Looking at the Company’s operating results for the six months ended September 30, 2025, orders received increased 5.5% year on year to ¥38,636 million, reaching new record highs, mainly due to strong order trends in North America and Southeast Asia. However, as there were many orders with long lead times such as large-scale products and bulk orders of multiple units, net sales decreased by 0.5% to ¥30,322 million, being mostly unchanged year on year. On the profit front, operating profit was ¥2,607 million, a year-on-year decrease of 20.9%, due to a worsening cost of sales ratio and an increase in selling, general and administrative expenses. Profit attributable to owners of parent decreased by 22.0% year on year to ¥1,912 million.

Performance by Segment

＜Equipment Business＞

(Millions of Yen)

	2024/9	2025/9	Change (%)
Orders received	31,868	33,127	3.9
Net sales	26,469	25,887	-2.2
Operating profit	3,013	2,551	-15.3

In the environmental test chambers field, in the Japanese market, both orders received and net sales for highly versatile standardized products increased year on year. In customized products, while orders received decreased compared to the same period in the previous fiscal year, which had shown strong performance centered on EV- and battery-related products, net sales increased due to the steady performance of AI semiconductors. In overseas markets, although orders received significantly increased year on year in North America and Southeast Asia, net sales decreased as many of the orders had long lead times.
In the energy devices equipment field, the investment cycle for EV batteries ran its course, and both orders received and net sales significantly decreased year on year.
In the semiconductor equipment field, orders received decreased year on year, but net sales significantly increased due to the recording of sales from bulk projects for electronics components for AI servers.
As a result, the equipment business on the whole saw orders received increase 3.9% to ¥33,127 million and net sales decrease 2.2% year on year to ¥25,887 million. On the profit front, operating profit was ¥2,551 million, a year-on-year decrease of 15.3%, due to the decrease in net sales and worsening of the cost of sales ratio.

＜Service Business＞

(Millions of Yen)

	2024/9	2025/9	Change (%)
Orders received	4,176	4,224	1.2
Net sales	3,701	3,780	2.1
Operating profit	324	56	-82.4

In the after-sales service and engineering field, orders received and net sales both increased year on year as both preventative maintenance services and repair services were solid.
In laboratory testing services and facility rentals, orders received decreased year on year, and net sales were mostly unchanged year on year, due to the impact of investment restraint and changes in development plans resulting from the slowdown in EV demand.
As a result, the service business on the whole saw orders received increase 1.2% year on year to ¥4,224 million and net sales increase 2.1% to ¥3,780 million. On the profit front, operating profit was ¥56 million, a year-on-year decrease of 82.4%, mainly due to higher depreciation and increased personnel of laboratory testing services, which resulted in worsening of the cost of sales ratio.

＜Other Business＞

(Millions of Yen)

	2024/9	2025/9	Change (%)
Orders received	808	1,500	85.6
Net sales	521	880	68.7
Operating loss	-31	-2	ー

In the other business field, which is centered on the environmental conservation and plant production systems businesses, we secured large orders in the area of plant factories, and performance was firm in plant research devices and reforestation.
As a result, orders received increased by 85.6% year on year to ¥1,500 million and net sales increased by 68.7% to ¥880 million. However, on the profit front, there was an operating loss of ¥2 million, despite some improvement from the same period of the previous fiscal year.

Related Pages:

• Preliminary Results
• Results Briefings