Fact Book 2024 (178KB)

Latest Financial Results

(Millions of Yen)

	2023/12	2024/12	Change (%)
Orders received	48,190	50,920	5.7
Net sales	42,189	46,297	9.7
Operating profit	4,211	4,917	16.7
Ordinary profit	4,447	5,213	17.2
Profit attributable to owners of parent	3,085	3,845	24.6

During the first nine months of fiscal 2024, the year ending March 31, 2025, the ESPEC Group’s business environment saw firm electronics- and automotive-related investments against a backdrop of the continued digitalization and decarbonization of society. From the production aspect, the Group increased its production capacity in Japan by increasing personnel, expanding production space, and utilizing outsourcing, with a view to clearing the order backlog and leveling the production load.
Looking at the Company’s operating results for the nine months ended December 31, 2024, orders received increased 5.7% year on year to ¥50,920 million, mainly due to strong order trends in Japan. Net sales rose 9.7% year on year to ¥46,297 million, due to factors such as the effects of increasing domestic production capacity. On the profit front, operating profit was ¥4,917 million, a year-on-year increase of 16.7%. This increase was mainly due to higher sales, which offset an increase in selling, general and administrative expenses. Profit attributable to owners of parent increased by 24.6% year on year to ¥3,845 million.

Performance by Segment

＜Equipment Business＞

(Millions of Yen)

	2023/12	2024/12	Change (%)
Orders received	41,586	43,316	4.2
Net sales	36,322	39,923	9.9
Operating profit	3,761	4,349	15.6

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. Similarly for customized products, orders received and net sales both increased, reflecting strong performance trends mainly in the automotive-related area. In overseas market, orders received were mostly unchanged year on year, mainly due to increases in China and Korea. Net sales were higher year on year with the key factors being North America and Southeast Asia reporting increased sales, China’s sales being mostly unchanged, and Europe reporting decreased sales.
In the energy devices equipment field, orders received decreased in comparison to the same period of the previous year, when there was a large project mainly in Japan. However, net sales increased substantially due to the recording of equipment sales for Japan and North America.
In the semiconductor equipment field, orders received increased substantially year on year due to an order acquired for a large server-related project. However, net sales decreased substantially due to the impact of memory-related investment restraint.
As a result, the equipment business on the whole saw orders received increased 4.2% to ¥43,316 million and net sales increased 9.9% year on year to ¥39,923 million. On the profit front, operating profit increased 15.6% year on year to ¥4,349 million mainly due to higher sales, while there was an increase in selling, general and administrative expenses.

＜Service Business＞

(Millions of Yen)

	2023/12	2024/12	Change (%)
Orders received	5,720	6,424	12.3
Net sales	5,364	5,750	7.2
Operating profit	542	563	4.0

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 and net sales both increased year on year, due to a brisk performance in laboratory testing services, centered on automotive rechargeable batteries.
As a result, the service business on the whole saw orders received increased 12.3% year on year to ¥6,424 million and net sales increased 7.2% to ¥5,750 million. On the profit front, the Company recorded operating profit of ¥563 million, an increase of 4.0% year on year, owing to an increase in net sales, while there was an increase in selling, general and administrative expenses due mainly to increased personnel.

＜Other Business＞

(Millions of Yen)

	2023/12	2024/12	Change (%)
Orders received	1,162	1,554	33.7
Net sales	793	929	17.1
Operating profit (loss)	-89	14	-

In the other business field, which is centered on the environmental conservation and plant production systems business, performance was strong in areas such as waterfront biotope restoration and plant research devices. As a result, orders received increased by 33.7% year on year to ¥1,554 million and net sales increased 17.1% to ¥929 million. On the profit front, operating profit increased by ¥103 million to ¥14 million.

Related Pages:

• Preliminary Results
• Results Briefings