Sinfonia Technology (6507): FY2025 Results Summary — Record Highs on Semiconductor Recovery and Aerospace Demand

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

SINFONIA TECHNOLOGY CO., LTD. (Tokyo Stock Exchange Prime Market, Securities Code: 6507) released its “FY2025 Financial Results Presentation — FY2025 Financial Summary and FY2026 Full-Year Forecast” dated May 26, 2026. Orders received, net sales, operating profit, ordinary profit, and net profit all reached record highs in FY2025. The company develops, manufactures, and sells semiconductor transportation, aviation, and control equipment, with FY2025 sales of ¥128.2 billion. By segment, Motion Equipment accounted for 39.6% of sales, Clean Transport Systems 21.8%, Power Electronics Equipment 19.6%, and Engineering & Services 19.0%.

Consolidated Results (Full-Year Actual)

In FY2025, orders received rose 10.7% year on year to 1,589.3 (unit: 100 million yen; the same applies to the figures below), and the order backlog expanded 27.2% to 1,456.6. Net sales increased 7.6% to 1,282.0, operating profit rose 17.4% to 184.6, ordinary profit rose 17.9% to 187.9, and net profit attributable to owners of parent rose 19.8% to 145.0. The company attributes order growth to a recovery in semiconductor-related markets, growth in the Engineering & Services segment, and continued strong performance in the aerospace business, and the increase in net sales to higher sales in the Motion Equipment segment supported by a strong order backlog as well as growth in the clean transfer systems segment in line with the recovery in memory demand. Capital expenditures increased significantly (162.4%) due to the construction of a new aerospace facility.

Item (Unit: 100 million yen)	FY24 Results	FY25 Results	Increase/decrease	Percentage change
Orders Received	1,435.8	1,589.3	153.5	10.7%
Order Backlog	1,144.9	1,456.6	311.7	27.2%
Net Sales	1,191.5	1,282.0	90.5	7.6%
Operating Profit	157.3	184.6	27.3	17.4%
Ordinary Profit	159.4	187.9	28.5	17.9%
Net Profit (*)	121.0	145.0	24.0	19.8%
R&D Expenses	36.8	41.6	4.8	13.0%
Capital Expenditures	37.5	98.4	60.9	162.4%

(*) Net Profit attributable to owners of parent. Results also exceeded the company’s own forecasts in favorable market conditions: against the 11/27 forecast, orders received of 1,589.3 came in 6.0% above the forecast of 1,500, net sales 2.6% above 1,250, operating profit 11.9% above 165, ordinary profit 13.9% above 165, and net profit 28.3% above 113.

Segment Results

The Motion Equipment segment, the largest by sales, posted net sales of 507.3 (up 17.1% year on year) and operating profit of 68.6 (up 41.4%), with the operating profit margin improving 2.3 points to 13.5%. The Clean Transport System segment grew net sales 11.5% to 280.3 and operating profit 19.4% to 48.0, with a margin of 17.1%. Power Electronics Equipment recorded higher orders (295.4, up 9.9%) but net sales declined 4.5% to 250.9 and operating profit declined 3.5% to 32.8. Engineering & Services saw orders received jump 44.2% to 348.0, while net sales were roughly flat at 243.5 (down 0.2%) and operating profit rose 8.5% to 37.0.

Segment	Metric (Unit: 100 million yen)	FY24 Results	FY25 Results	Percentage change
Clean Transport System	Orders Received	261.0	285.9	9.5%
Clean Transport System	Net Sales	251.4	280.3	11.5%
Clean Transport System	Operating Profit	40.2	48.0	19.4%
Clean Transport System	Operating profit margin	16.0%	17.1%	1.1Pt
Motion Equipment	Orders Received	664.8	660.0	△0.7%
Motion Equipment	Net Sales	433.3	507.3	17.1%
Motion Equipment	Operating Profit	48.5	68.6	41.4%
Motion Equipment	Operating profit margin	11.2%	13.5%	2.3Pt
Power Electronics Equipment	Orders Received	268.8	295.4	9.9%
Power Electronics Equipment	Net Sales	262.7	250.9	△4.5%
Power Electronics Equipment	Operating Profit	34.0	32.8	△3.5%
Power Electronics Equipment	Operating profit margin	12.9%	13.1%	0.2Pt
Engineering & Services	Orders Received	241.3	348.0	44.2%
Engineering & Services	Net Sales	244.0	243.5	△0.2%
Engineering & Services	Operating Profit	34.1	37.0	8.5%
Engineering & Services	Operating profit margin	14.0%	15.2%	1.2Pt
Total	Orders Received	1,435.8	1,589.3	10.7%
Total	Net Sales	1,191.5	1,282.0	7.6%
Total	Operating Profit	157.3	184.6	17.4%
Total	Operating profit margin	13.2%	14.4%	1.2Pt

FY2026 Forecast

For FY2026, the company forecasts orders received of 1,700 (up 7.0% year on year), net sales of 1,400 (up 9.2%), operating profit of 210 (up 13.8%), ordinary profit of 210 (up 11.8%), and net profit of 150 (up 3.4%), based on an expected exchange rate of 1 dollar = 145 yen. R&D expenses are planned at 66 (up 58.7%) and capital expenditures at 96 (down 2.4%). As the business environment, the company cites the recovery in semiconductor-related markets, a key driver of its growth, and continued high order levels in the aerospace business and the Engineering & Services segment; key initiatives are the expansion of capital investment and resources in response to strong market demand and the development of new products for growing markets.

Item (Unit: 100 million yen)	FY25 Results	FY26 Forecasts	Increase/decrease	Percentage change
Orders Received	1,589.3	1,700	110.7	7.0%
Net sales	1,282.0	1,400	118.0	9.2%
Operating Profit	184.6	210	25.4	13.8%
Ordinary Profit	187.9	210	22.1	11.8%
Net profit (*)	145.0	150	5.0	3.4%
R&D Expenses	41.6	66	24.4	58.7%
Capital Expenditures	98.4	96	△2.4	△2.4%

By segment, Clean Transportation Systems is expected to lead growth with orders received of 365 (up 27.7%), net sales of 330 (up 17.7%), and operating profit of 60 (up 25.0%), as capacity expansion investments progress in the semiconductor industry supported by strong memory-related demand. Motion Equipment forecasts net sales of 530 (up 4.5%) and operating profit of 72 (up 5.0%), with operations at the new aerospace manufacturing facility beginning in January 2027. Power Electronics Equipment forecasts net sales of 265 (up 5.6%) and operating profit of 35 (up 6.7%), and Engineering & Services forecasts net sales of 275 (up 12.9%) and operating profit of 43 (up 16.2%).

Segment	Metric (Unit: 100 million yen)	FY25 Results	FY26 Forecasts	Percentage change
Clean Transportation Systems	Orders Received	285.9	365	27.7%
Clean Transportation Systems	Net sales	280.3	330	17.7%
Clean Transportation Systems	Operating Profit	48.0	60	25.0%
Motion Equipment	Orders Received	660.0	665	0.8%
Motion Equipment	Net sales	507.3	530	4.5%
Motion Equipment	Operating Profit	68.6	72	5.0%
Power Electronics Equipment	Orders Received	295.4	320	8.3%
Power Electronics Equipment	Net sales	250.9	265	5.6%
Power Electronics Equipment	Operating Profit	32.8	35	6.7%
Engineering & Services	Orders Received	348.0	350	0.6%
Engineering & Services	Net sales	243.5	275	12.9%
Engineering & Services	Operating Profit	37.0	43	16.2%

Shareholder Returns

The presentation does not include information on dividends or share buybacks. This cannot be confirmed from the materials.

Semiconductor Business and Mid- to Long-term Plan

The company positions the semiconductor-related business as the key driver of its growth and aims to achieve its 2030 Vision — “Transformation into a company that challenges and grows, resonating with society, customers, and ourselves” — by driving business expansion with two core pillars (Semiconductors & Aerospace) and Engineering & Services. Of FY2025 consolidated net sales of ¥128 billion, the semiconductor-related business accounted for ¥36 billion (30%). The mid-term management plan targets consolidated net sales of ¥160 billion in FY2027 with the semiconductor-related business at ¥55 billion (35%), and the long-term plan targets ¥200 billion in FY2030 with ¥80 billion (40%), approximately 2.2x the FY2025 level. The aerospace-related business is planned to grow from ¥25 billion in FY2025 to ¥30 billion in FY2027 and ¥40 billion in FY2030, with orders for FY2027 already secured. The company describes steady progress with clear visibility toward achieving the long-term plan.

In Clean Transport Systems, the company commands a global market share of over 50% in load ports, supplies load ports to 11 of the top 15 global semiconductor production equipment makers (SPEs), and has secured production capacity up to JPY 60 billion; the FY2025 revenue composition was load ports 70% and EFEMs 30%. In the aerospace business, the company presents itself as Japan’s only manufacturer of defense aircraft power systems, responding to the shift toward electrification, and shows orders received achieving 3x growth under the current five-year plan.

Net Sales	FY2025 Actuals	FY2027 Plan (Mid-term Management Plan)	FY2030 Plan (Long-term)	FY2025→FY2030 Growth Rate
Consolidated Net Sales	¥128 billion	¥160 billion	¥200 billion	Approx. 1.6x
Semiconductor-related Business	¥36 billion (30%)	¥55 billion (35%)	¥80 billion (40%)	Approx. 2.2x
Aerospace-related Business	¥25 billion	¥30 billion	¥40 billion	Approx. 1.6x
Engineering & Services / Power Electronics Business / FA-related Business	¥67 billion	¥75 billion	¥80 billion	Approx. 1.2x

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.