Ferrotec Holdings Corporation provided financial guidance for the fiscal year March 2023 and the term ending March 2024 and 2025. For the term ending March 2023, sales are expected to increase 34.5% year on year to JPY 180 billion, and operating income is projected to grow 32.7% year on year to JPY 30 billion. Projecting considerable increase of sales and profit, further breaking past records this term as well. In terms of sales, in response to requests for production increase from semiconductor clients, the company is continuing proactive investment in production increase and project increase in sales backed by this investment. In terms of profit, projecting considerable increase in profit by reinforcing facilities and establishing new factories at an early point.
Based on the strong business performance, the company increased the sales target for the final term of the medium-term management plan (the term ending March 2024) by 53% from the previous plan and net income by 40% and set a goal to achieve JPY 230 billion in sales and JPY 40 billion in operating income.
Moreover, the company plans to further grow sales to 290-billion-yen, operating income to JPY 52 billion, and net income to 27 billion yen in the term ending March 2025.