Fact Book 2025 (192KB)

Latest Financial Results
(Fiscal 2025)

(Millions of Yen)

	2025/3	2026/3	Change (%)
Orders received	67,514	72,596	7.5
Net sales	67,288	70,034	4.1
Operating profit	7,526	7,084	-5.9
Ordinary profit	7,793	7,473	-4.1
Profit attributable to owners of parent	6,003	5,879	-2.1

During fiscal 2025, the year ended March 31, 2026, the ESPEC Group’s business environment saw firm demand for testing electronics components and electronics equipment, particularly in Japan, Southeast Asia, and Taiwan, in the AI semiconductor sector, which is a target market under the medium-term management plan. In the satellite communications sector, testing demand from private companies operating low-Earth orbit satellites in North America has grown significantly. In the automotive-related field, testing demand has significantly decreased, particularly for EVs and batteries.
Looking at the Company’s operating results for fiscal 2025, orders received increased 7.5% year on year to ¥72,596 million mainly due to strong order trends in North America and Southeast Asia. Net sales increased 4.1% year on year to ¥70,034 million mainly due to strong sales in Japan, North America and Southeast Asia. Both orders received and net sales reached new record highs. On the profit front, operating profit was ¥7,084 million, a year-on-year decrease of 5.9%, mainly due to an increase in selling, general and administrative expenses associated with an increase in orders received, as well as a deterioration in profitability in the Chinese market and laboratory testing services, despite improved profitability in customized products. Profit attributable to owners of parent decreased by 2.1% year on year to ¥5,879 million. In addition, return on equity (ROE) stood at 10.0%.

Performance by Segment

＜Equipment Business＞

(Millions of Yen)

	2025/3	2026/3	Change (%)
Orders received	57,283	62,216	8.6
Net sales	57,507	59,468	3.4
Operating profit	6,610	6,606	-0.1

In the environmental test chambers field, in the Japanese market, investment for EVs and batteries has slowed, and both orders received and net sales decreased year on year. In overseas markets, orders received significantly increased year on year in North America and Southeast Asia. However, net sales were mostly unchanged year on year, as there were many orders with long lead times, such as large-scale products and bulk orders of multiple units, in addition to decreased sales in Europe and South Korea due to economic slowdown. In China, although competition intensified due to the deflationary economy, orders received and net sales were mostly unchanged year on year.
In the energy devices equipment field, both orders received and net sales decreased year on year due to the completion of the investment cycle for EV batteries.
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 increased 8.6% year on year to ¥62,216 million and net sales increased 3.4% year on year to ¥59,468 million. On the profit front, profitability deteriorated due to intensified competition in the Chinese market, despite improved profitability in customized products. Furthermore, operating profit was ¥6,606 million, mostly unchanged year on year due to an increase in selling, general and administrative expenses associated with an increase in orders received, as well as the expansion of research and development expenses related to the development of environmentally friendly products and products for target markets.

＜Service Business＞

(Millions of Yen)

	2025/3	2026/3	Change (%)
Orders received	8,532	8,294	-2.8
Net sales	8,425	8,327	-1.2
Operating profit	793	228	-71.2

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, both orders received and net sales decreased year on year, due to the impact on laboratory testing services of customers’ 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 decreased 2.8% year on year to ¥8,294 million and net sales decreased 1.2% to ¥8,327 million. On the profit front, operating profit was ¥228 million, a significant 71.2% year-on-year decrease, due to a decline in revenue from laboratory testing services and an increase in depreciation, despite work to improve profitability by revising technical support fees in after-sales service.

＜Other Business＞

(Millions of Yen)

	2025/3	2026/3	Change (%)
Orders received	2,170	2,529	16.5
Net sales	1,758	2,747	56.3
Operating profit	126	239	88.7

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 orders associated with renovation work on green spaces.
As a result, orders received increased by 16.5% year on year to ¥2,529 million and net sales increased by 56.3% year on year to ¥2,747 million. On the profit front, operating profit significantly increased by 88.7% year on year to ¥239 million due to higher sales.

Related Pages:

• Preliminary Results
• Results Briefings