SCREEN Holdings Co., Ltd., a Tokyo-listed supplier of semiconductor and display production equipment, released its first‑quarter results for fiscal 2027 on July 28, 2026. Shares gained 1.96% to ¥13,780 after the announcement.
Net sales for the three months to June 30 fell 10.3% year‑on‑year to ¥121,775 million, while operating income slumped 41.1% to ¥14,368 million, compressing the operating margin to 11.8% from 18.0% a year earlier. Profit attributable to owners of the parent declined 37.1% to ¥10,490 million, and basic earnings per share were ¥55.47 after a 1‑for‑2 stock split that took effect on April 1, 2026. Comprehensive income rose 33.1% to ¥26,615 million, driven by gains on available‑for‑sale securities and foreign‑currency translation adjustments.
Operating cash flow improved to ¥9,023 million from ¥6,999 million in the prior quarter. Cash and cash equivalents stood at ¥211,228 million at quarter‑end, down ¥14,505 million from the March 31 balance, reflecting capital expenditures of ¥9,632 million and dividend payments of ¥15,911 million. Total assets increased 6.5% to ¥769,203 million, while liabilities rose 15.3% to ¥271,864 million, leaving net assets at ¥497,339 million and an equity ratio of 64.6%.
Overseas sales accounted for 86.7% of the quarter’s revenue, up from 84.9% a year earlier. Segment‑level performance showed the Semiconductor Production Equipment (SPE) business, which contributes roughly 76% of total sales, posting ¥93,133 million in revenue, down 15.0% YoY, and operating income of ¥14,388 million, a 44.0% decline. Graphic Arts equipment sales grew 7.1% to ¥13,832 million, with operating income surging 150.7% to ¥1,421 million. The Display Production Equipment and Coater segment recorded ¥10,857 million in sales, up 8.0%, and operating income of ¥1,276 million, up 54.4%. PCB‑Related equipment posted ¥3,132 million in sales, a modest 2.0% rise, but recorded an operating loss of ¥299 million.
Despite the soft quarter, SCREEN lifted its full‑year guidance for the fiscal year ending March 31, 2027. Net sales are now projected at ¥743,000 million, a 22.7% increase YoY, while operating income is expected to reach ¥156,500 million, up 27.7%. Profit attributable to owners of the parent is forecast at ¥115,000 million, a 25.0% rise. The SPE segment is targeted to deliver ¥620,000 million in sales, with a second‑half operating margin of 27.4% and a full‑year margin of 25%. Advanced packaging sales are anticipated to exceed ¥10 billion.
The company cited a temporary project delay of roughly ¥10‑20 billion that shifted to the second quarter, but said order visibility remains around six months, with some customers providing two‑ to three‑year plans. SCREEN also highlighted a robust wafer‑fab equipment market, expected to grow over 20% in calendar 2026, and double‑digit expansion in China.
Dividends are set at ¥60.00 per share for the second quarter and ¥183.00 for the full fiscal year, up from ¥146.50 in FY2026. The stock trades at a price‑to‑earnings multiple of 29.86 and a return on equity of 19%.
The outlook underscores SCREEN's confidence in a recovering semiconductor ecosystem, even as the first‑quarter results reflected short‑term headwinds.
