Furuya Metal operating profit rose 160.0%
Gross profit margin increased 5.5 percentage points to 30.2%.
Furuya Metal Co., Ltd. (TSE-7826) reported operating profit of 24,794 million yen for the fiscal year ended June 30, 2026, an increase of 160.0% from the previous fiscal year.
Furuya Metal's annual revenue rose 74.5% to 100,139 million yen, extending the increase in sales across the group's operations during the fiscal year.
Furuya Metal's gross profit increased 113.4% from the previous fiscal year to 30,272 million yen.
Furuya Metal's operating profit margin reached 24.8%, an increase of 8.1 percentage points from the previous fiscal year.
Demand for Furuya Metal's products serving digital applications remained firm during the year, supported by expanding investment in data centers associated with the spread of generative artificial intelligence.
Orders for Furuya Metal's iridium and platinum crucibles used to grow optical crystals for isolators in communications between data centers performed well, with the development of additional sales channels contributing to orders.
Demand for Furuya Metal's equipment used in surface acoustic wave filters for smartphones showed a clearer recovery trend during the fiscal year.
Furuya Metal's thin-film business continued to receive strong orders for sputtering targets used in hard disk drives against a backdrop of substantial data-center investment, alongside growth in orders for semiconductor targets.
Gross profit in Furuya Metal's thin-film business increased 120.5% from the previous fiscal year to 9,494 million yen.
Orders in Furuya Metal's thermal business recovered as semiconductor equipment manufacturers and overseas semiconductor manufacturers resumed investment and inventory adjustments ran their course, supported by steady replacement demand for semiconductor manufacturing equipment.
Revenue in Furuya Metal's thermal business increased 37.6% from the previous fiscal year to 6,688 million yen.
Furuya Metal reported recovering orders for precious-metal compounds used in electrodes for applications including caustic soda production, alongside recovery in compounds for organic light-emitting diodes and signs of improvement in compounds for chemical plants.
Furuya Metal recorded temporary expenses associated with changes to its recovery and refining arrangements and a deterioration in quality during part of its recovery and refining work.
High precious-metal prices made changes in market prices a contributor to Furuya Metal's revenue growth during the fiscal year.
Furuya Metal pursued a shift toward products with greater added value and strengthened its arrangements for stable supply as it responded to changes in external conditions, including supply, demand and exchange rates.
Furuya Metal plans active capital investment to expand precious-metal recovery capacity, together with improvements to its recovery technology and the establishment of new technologies, as part of its efforts to secure supplies.
Furuya Metal began operating a new factory in Chitose, Hokkaido, in July 2026 and plans to start manufacturing sensors and quartz products there as part of its efforts to spread production across locations.
Furuya Metal is revising its financial targets after meeting its profit plan and its targets for return on equity and return on invested capital in the plan's initial year.