According to moneydj, Ferrotec, a Japanese semiconductor silicon fab, released its financial report for the first half of the year ended September 30, 2019.
According to the financial report, Ferrotec's revenue from April to September this year was 41.849 billion yen, down 7.5% from the same period last year; its operating profit was 3.566 billion yen, down 29.6% from the same period last year.
Ferrotec silicon wafer sales were stable in this quarter, but sales of vacuum seal and other products decreased due to the reduction of investment in related equipment by memory, liquid crystal / OLED manufacturers. Which made the quarter's revenue underperformance.
According to the financial report, during April September, the revenue of semiconductor and other equipment related departments (including silicon wafer, vacuum seal, quartz products, ceramic products, CVD SiC products, etc.) was 27.182 billion yen, 1.4% lower than the same period of last year; the operating profit was 47.0% lower than the same period of last year.
From April to September, the revenue of electronic components Department (including thermoelectric module, magnetic fluid, substrate for power control chip and other products) was 6.991 billion yen, up 18.9% compared with the same period last year, and the operating profit was up 7.2% compared with the same period last year.
Looking forward to the whole year, due to the company's statement on November 7 that the creditor's rights of China's subsidiaries may not be recovered for the objects of business in mainland China, and the exchange difference accrued by the company with yen higher than RMB, the company's annual income forecast in this report has been adjusted: it is expected that the consolidated revenue in this year (April 2019 to March 2020) will be reduced by 5% to 85 billion yen annually.
Ferrotec forecast last quarter that consolidated revenue will increase by 2.8% to 92 billion yen this year (April 2019 to March 2020).