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NOTE TO EDITORS: The following is an investment opinion issued by Investment Bridge
Investment Bridge, one of Japan's leading independent investor relations services companies, has released a "Bridge Report" on Ferrotec Holdings Corporation (JASDAQ: 6890) reviewing its earnings results for the second quarter of the fiscal year March 2021 and earnings estimates for the fiscal year March 2021
Report Highlights
*In the first half of the term ending March 2021, sales fell 0.6% year on year while operating income grew 9.7% year on year. While sales declined 25.8% year on year for the other business segment, particularly the photovoltaic business which is in a process of withdrawal, the sales of the semiconductor and other equipment-related business grew 5.9% year on year, thanks to the growth of material products used in semiconductor manufacturing processes such as jigs and consumable materials, and the growth of the cleaning business. Sales of the electronic device business for which thermo-electric modules are the mainstay, too, increased 1.8% year on year, as the growth of sales of 5G-related devices offset the decrease of sales of devices for automotive temperature control seats. On the profit front, gross profit increased, due partly to a decrease in photovoltaic cell-related sales, and SG&A costs decreased, thanks to cost cuts and the yen appreciation.