View Future GrowthLasertec 過去の業績過去 基準チェック /26Lasertecは、平均年間31.3%の収益成長を遂げていますが、 Semiconductor業界の収益は、年間 成長しています。収益は、平均年間6% 26.1%収益成長率で 成長しています。 Lasertecの自己資本利益率は31.4%であり、純利益率は33.6%です。主要情報31.26%収益成長率31.31%EPS成長率Semiconductor 業界の成長26.92%収益成長率26.11%株主資本利益率31.39%ネット・マージン33.62%前回の決算情報30 Jun 2026最近の業績更新Reported Earnings • Aug 07Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: JP¥863 (down from JP¥939 in FY 2025). Revenue: JP¥230.5b (down 8.3% from FY 2025). Net income: JP¥77.5b (down 8.5% from FY 2025). Profit margin: 34% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year.お知らせ • Jun 26Lasertec Corporation to Report Fiscal Year 2026 Results on Aug 07, 2026Lasertec Corporation announced that they will report fiscal year 2026 results on Aug 07, 2026Reported Earnings • May 01Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥124 (up from JP¥104 in 3Q 2025). Revenue: JP¥41.3b (up 3.5% from 3Q 2025). Net income: JP¥11.1b (up 18% from 3Q 2025). Profit margin: 27% (up from 24% in 3Q 2025). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 33% per year.お知らせ • Mar 13Lasertec Corporation to Report Q3, 2026 Results on Apr 30, 2026Lasertec Corporation announced that they will report Q3, 2026 results on Apr 30, 2026Reported Earnings • Jan 31Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥297 (down from JP¥381 in 2Q 2025). Revenue: JP¥74.1b (down 20% from 2Q 2025). Net income: JP¥26.7b (down 22% from 2Q 2025). Profit margin: 36% (down from 37% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Dec 12Lasertec Corporation to Report Q2, 2026 Results on Jan 30, 2026Lasertec Corporation announced that they will report Q2, 2026 results on Jan 30, 2026すべての更新を表示Recent updatesReported Earnings • Aug 07Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: JP¥863 (down from JP¥939 in FY 2025). Revenue: JP¥230.5b (down 8.3% from FY 2025). Net income: JP¥77.5b (down 8.5% from FY 2025). Profit margin: 34% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year.お知らせ • Aug 06Lasertec Corporation, Annual General Meeting, Sep 25, 2026Lasertec Corporation, Annual General Meeting, Sep 25, 2026.Valuation Update With 7 Day Price Move • Jul 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥42,060, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥25,281 per share.Price Target Changed • Jun 26Price target increased by 9.5% to JP¥45,967Up from JP¥41,967, the current price target is an average from 15 analysts. New target price is 7.6% below last closing price of JP¥49,760. Stock is up 155% over the past year. The company is forecast to post earnings per share of JP¥845 for next year compared to JP¥939 last year.お知らせ • Jun 26Lasertec Corporation to Report Fiscal Year 2026 Results on Aug 07, 2026Lasertec Corporation announced that they will report fiscal year 2026 results on Aug 07, 2026Upcoming Dividend • Jun 22Upcoming dividend of JP¥197 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (0.7%).Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥48,300, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥19,986 per share.Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥35,920, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥17,763 per share.ライブニュース • May 05Lasertec Misses Earnings Forecast as EPS Drops 25.91% and Revenue Falls ShortLasertec reported an earnings miss for the quarter ended 30 April 2026, with EPS down 25.91% versus expectations. Revenue for the quarter was below estimates by 9.51%. The stock declined 3.16% after the announcement, indicating a negative initial reaction from the market. For you as an investor, the key takeaway is that the latest quarter came in weaker than analysts had modeled on both earnings and revenue. A 25.91% drop in EPS against expectations and a 9.51% revenue shortfall suggest that either demand, pricing, costs, or a mix of these factors did not line up with prior forecasts. The 3.16% share price decline reflects that disappointment, but also shows the reaction was relatively contained rather than extreme. At the same time, commentary around Lasertec highlights strong financial fundamentals, high profitability metrics and a solid balance sheet. That combination of an earnings miss alongside references to solid financial footing points to a situation where the market is reassessing near term performance rather than reacting to signs of balance sheet stress. If you follow the stock, it is worth separating shorter term execution questions from the longer term role Lasertec aims to play in its core markets, and watching how management addresses the gap between recent results and prior expectations in upcoming updates or guidance commentary.分析記事 • May 02Lasertec Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsAs you might know, Lasertec Corporation ( TSE:6920 ) last week released its latest quarterly, and things did not turn...Reported Earnings • May 01Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥124 (up from JP¥104 in 3Q 2025). Revenue: JP¥41.3b (up 3.5% from 3Q 2025). Net income: JP¥11.1b (up 18% from 3Q 2025). Profit margin: 27% (up from 24% in 3Q 2025). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 33% per year.Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥41,560, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,547 per share.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥37,740, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,450 per share.お知らせ • Mar 13Lasertec Corporation to Report Q3, 2026 Results on Apr 30, 2026Lasertec Corporation announced that they will report Q3, 2026 results on Apr 30, 2026Declared Dividend • Mar 13First half dividend of JP¥197 announcedShareholders will receive a dividend of JP¥197. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 31%.Price Target Changed • Mar 10Price target increased by 14% to JP¥35,567Up from JP¥31,313, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of JP¥34,680. Stock is up 129% over the past year. The company is forecast to post earnings per share of JP¥845 for next year compared to JP¥939 last year.Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥30,060, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 37% over the past three years.分析記事 • Feb 02Lasertec Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearA week ago, Lasertec Corporation ( TSE:6920 ) came out with a strong set of half-yearly numbers that could potentially...Price Target Changed • Jan 31Price target increased by 7.2% to JP¥29,773Up from JP¥27,773, the current price target is an average from 16 analysts. New target price is 18% below last closing price of JP¥36,390. Stock is up 135% over the past year. The company is forecast to post earnings per share of JP¥832 for next year compared to JP¥939 last year.Reported Earnings • Jan 31Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥297 (down from JP¥381 in 2Q 2025). Revenue: JP¥74.1b (down 20% from 2Q 2025). Net income: JP¥26.7b (down 22% from 2Q 2025). Profit margin: 36% (down from 37% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 30+ 1 more updateLasertec Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending June 30, 2026Lasertec Corporation revised consolidated earnings guidance for the fiscal year ending June 30, 2026. For the year, the company now expects net sales of JPY 220,000 million against previous guidance of JPY 200,000 million; operating income of JPY 100,000 million against previous guidance of JPY 85,000 million; Net income attributable to owners of parents of JPY 72,000 million against previous guidance of JPY 60,000 million and net income per share of JPY 801.89 against previous guidance of JPY 665.27. Reason for the revision: The company has revised the full-year forecast for the fiscal year ending June 30, 2026, considering customer acceptance of some products occurring earlier than expected and the trend of foreign exchange fluctuations. The assumed exchange rate for the forecast has been revised to 145 yen/USD (the previous assumption was 135 yen/USD).分析記事 • Jan 17Lasertec Corporation's (TSE:6920) 30% Price Boost Is Out Of Tune With EarningsLasertec Corporation ( TSE:6920 ) shares have continued their recent momentum with a 30% gain in the last month alone...Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥35,900, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 46% over the past three years.分析記事 • Jan 11Here's Why We Think Lasertec (TSE:6920) Is Well Worth WatchingInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Upcoming Dividend • Dec 22Upcoming dividend of JP¥132 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 09 March 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.2%).お知らせ • Dec 12Lasertec Corporation to Report Q2, 2026 Results on Jan 30, 2026Lasertec Corporation announced that they will report Q2, 2026 results on Jan 30, 2026Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥32,200, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 29% over the past three years.分析記事 • Nov 08What Lasertec Corporation's (TSE:6920) 44% Share Price Gain Is Not Telling YouLasertec Corporation ( TSE:6920 ) shares have continued their recent momentum with a 44% gain in the last month alone...Reported Earnings • Nov 01First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥211 (up from JP¥99.02 in 1Q 2025). Revenue: JP¥54.2b (up 48% from 1Q 2025). Net income: JP¥19.1b (up 113% from 1Q 2025). Profit margin: 35% (up from 24% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 01Lasertec Corporation Provides Consolidated Earnings Guidance for the Year Ending June 30, 2026Lasertec Corporation provided consolidated earnings guidance for the year ending June 30, 2026. For the year, the company expects net sales of JPY 200,000 million; operating income of JPY 85,000 million; Net income attributable to owners of parents of 60,000 million and net income per share of JPY 665.75.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 37%After last week's 37% share price gain to JP¥28,575, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 18x in the Semiconductor industry in Japan. Total returns to shareholders of 39% over the past three years.分析記事 • Oct 29Should You Think About Buying Lasertec Corporation (TSE:6920) Now?Let's talk about the popular Lasertec Corporation ( TSE:6920 ). The company's shares received a lot of attention from a...分析記事 • Oct 05Lasertec (TSE:6920) Has Announced A Dividend Of ¥132.00The board of Lasertec Corporation ( TSE:6920 ) has announced that it will pay a dividend on the 9th of March, with...Declared Dividend • Oct 05Final dividend increased to JP¥132Dividend of JP¥132 is 15% higher than last year. Ex-date: 29th December 2025 Payment date: 9th March 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 44% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Sep 23Lasertec Corporation (TSE:6920) Stock Rockets 32% As Investors Are Less Pessimistic Than ExpectedLasertec Corporation ( TSE:6920 ) shares have had a really impressive month, gaining 32% after a shaky period...Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 27%After last week's 27% share price gain to JP¥21,210, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,583 per share.Buy Or Sell Opportunity • Sep 05Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 7.6% to JP¥15,625. The fair value is estimated to be JP¥12,510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.分析記事 • Aug 28Is Lasertec Corporation (TSE:6920) Expensive For A Reason? A Look At Its Intrinsic ValueKey Insights Using the 2 Stage Free Cash Flow to Equity, Lasertec fair value estimate is JP¥12,339 Current share price...Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥17,390, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,378 per share.Buy Or Sell Opportunity • Aug 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.4% to JP¥16,070. The fair value is estimated to be JP¥13,371, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.Reported Earnings • Aug 08Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥939 (up from JP¥655 in FY 2024). Revenue: JP¥251.5b (up 18% from FY 2024). Net income: JP¥84.7b (up 43% from FY 2024). Profit margin: 34% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Aug 07+ 1 more updateLasertec Corporation, Annual General Meeting, Sep 26, 2025Lasertec Corporation, Annual General Meeting, Sep 26, 2025.Buy Or Sell Opportunity • Jul 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to JP¥14,965. The fair value is estimated to be JP¥12,401, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period.New Risk • Jun 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥18,255, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Semiconductor industry in Japan. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,173 per share.Upcoming Dividend • Jun 20Upcoming dividend of JP¥173 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (1.7%).Price Target Changed • Jun 06Price target decreased by 8.6% to JP¥17,986Down from JP¥19,671, the current price target is an average from 14 analysts. New target price is 24% above last closing price of JP¥14,505. Stock is down 60% over the past year. The company is forecast to post earnings per share of JP¥859 for next year compared to JP¥655 last year.Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥15,630, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,853 per share.Buy Or Sell Opportunity • May 12Now 24% overvaluedOver the last 90 days, the stock has fallen 3.1% to JP¥14,775. The fair value is estimated to be JP¥11,885, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.Reported Earnings • Apr 29Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: JP¥104 (down from JP¥214 in 3Q 2024). Revenue: JP¥39.9b (down 36% from 3Q 2024). Net income: JP¥9.38b (down 52% from 3Q 2024). Profit margin: 24% (down from 31% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥10,630, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,624 per share.お知らせ • Mar 26Lasertec Corporation Appoints Hiroki Miyai as Executive Officer, Effective April 1, 2025Lasertec Corporation announced the appointment of Hiroki Miyai as Executive Officer concurrently, General Manager, Technology Department 5, previously he was General Manager,Technology Department 5, Effective April 1, 2025.お知らせ • Mar 15+ 2 more updatesLasertec Corporation to Report Q3, 2025 Results on Apr 28, 2025Lasertec Corporation announced that they will report Q3, 2025 results on Apr 28, 2025Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥15,100, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,517 per share.Declared Dividend • Mar 08First half dividend of JP¥173 announcedShareholders will receive a dividend of JP¥173. Ex-date: 27th June 2025 Payment date: 29th September 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 01Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: JP¥381 (up from JP¥161 in 2Q 2024). Revenue: JP¥92.2b (up 93% from 2Q 2024). Net income: JP¥34.4b (up 137% from 2Q 2024). Profit margin: 37% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Jan 03Lasertec Corporation to Report Q2, 2025 Results on Jan 31, 2025Lasertec Corporation announced that they will report Q2, 2025 results on Jan 31, 2025Upcoming Dividend • Dec 20Upcoming dividend of JP¥115 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 06 March 2025. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).Buy Or Sell Opportunity • Dec 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 32% to JP¥15,590. The fair value is estimated to be JP¥19,561, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Price Target Changed • Nov 09Price target decreased by 7.3% to JP¥28,731Down from JP¥30,998, the current price target is an average from 15 analysts. New target price is 43% above last closing price of JP¥20,050. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥864 for next year compared to JP¥655 last year.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥19,840, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,493 per share.Reported Earnings • Nov 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: JP¥99.02 (up from JP¥85.40 in 1Q 2024). Revenue: JP¥36.7b (down 22% from 1Q 2024). Net income: JP¥8.93b (up 16% from 1Q 2024). Profit margin: 24% (up from 16% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Oct 30Now 25% overvaluedOver the last 90 days, the stock has fallen 7.9% to JP¥23,340. The fair value is estimated to be JP¥18,718, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.Valuation Update With 7 Day Price Move • Oct 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥21,350, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,684 per share.Declared Dividend • Oct 10Final dividend of JP¥115 announcedShareholders will receive a dividend of JP¥115. Ex-date: 27th December 2024 Payment date: 6th March 2025 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 61% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 03Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥655 (up from JP¥512 in FY 2023). Revenue: JP¥213.5b (up 40% from FY 2023). Net income: JP¥59.1b (up 28% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Board Change • Oct 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Takashi Yuri was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Sep 24Lasertec Releases SICA108, SiC Wafer Inspection and Review SystemLasertec Corporation announced the release of SICA108, the latest model of its SiC wafer inspection and review systems. Featuring both surface and photoluminescence (PL) inspection capabilities in one body, SICA108 enables customers to concurrently perform high-speed inspection and high-accuracy classification of surface defects as well as crystallographic defects. SiC power devices are used in a variety of applications, including electric vehicles, air conditioners, solar cells, and railway cars, and facilitate the realization of a carbon-neutral society. However, SiC wafer production processes are technically demanding, and there are still many defects that impact device yields. It therefore remains a challenge to manufacture high-quality SiC wafers stably at a lower cost. Lasertec has released SICA108 to help overcome this challenge. Renewing the inspection optics from SICA88, the current de facto standard tool widely used among many customers, SICA108 provides higher throughput and improved performance in quality analysis of SiC wafers with a lower cost of ownership. Like its predecessor, SICA108 performs surface inspection for detecting scratches, crystal defects, and particles on the wafer surface and PL inspection for detecting basal plane dislocations (BPD) inside Epi layers and stacking faults (SF), concurrently and with high sensitivity. It also features a high-accuracy defect classification capability based on proprietary deep learning algorithm to enable the early detection and analysis of killer defects. It is also compatible with various automation systems used in smart fabs, such as automatic guided vehicles (AGV) and overhead hoist transports (OHT). Lasertec will continue to pursue the development of defect inspection technologies to address customer needs and contribute to the improvement of power device quality and productivity. Features: Concurrent inspection of surface defects and BPD/SF at high speed and with high sensitivity. Detailed classification of various defect types using high-accuracy Automatic Defect Classification (ADC) and high-resolution review images. Compatible with various automation systems, including AGV and OHT. Applications: Incoming and outgoing inspection of SiC bare wafers and SiC Epi wafers. Monitoring of SiC epitaxial growth processes. Monitoring of SiC polishing processes. Management of SiC device manufacturing processes.Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥23,735, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,023 per share.Reported Earnings • Aug 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥655 (up from JP¥512 in FY 2023). Revenue: JP¥213.5b (up 40% from FY 2023). Net income: JP¥59.1b (up 28% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to JP¥19,375, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total loss to shareholders of 8.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,162 per share.Upcoming Dividend • Jun 20Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.1%).Valuation Update With 7 Day Price Move • Jun 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥34,520, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥14,677 per share.New Risk • May 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). High level of non-cash earnings (46% accrual ratio).Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥42,390, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 142% over the past three years.お知らせ • May 03Lasertec Corporation Announces Chief Executive Officer Changes, as of July 1, 2024Lasertec Corporation announced that it has resolved at the board of directors meeting held on April 30, 2024 to make changes in its representative directors and executive officers as follows (as of July 1, 2024): Osamu Okabayashi: Previous position: Representative Director, President & Chief Executive Officer; New position: Representative Director, Chairman & Executive Officer. Tetsuya Sendoda: Previous position: Director, Vice President & Executive Officer concurrently, Chief Sales Officer; New position: Chief Executive Officer. Resume of New Representative Director: Tetsuya Sendoda (April 26, 1977); Career Summary: Jan. 2008, Joined Lasertec Corporation; June 2020, General Manager, Technology Department 2; July 2022, Sales Officer; General Manager, Technology Department 2; and General Manager, Solution Sales Department 1; Sept. 2022 Executive Officer; Sales Officer; General Manager, Technology Department 2; and General Manager, Solution Sales Department 1; April 2023 Executive Officer; Sales Officer; and General Manager, Solution Sales Department 1; Sept. 2023 Director, Vice President & Executive Officer (current); and Chief Sales Officer (current).収支内訳Lasertec の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:6920 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費30 Jun 26230,48577,48531,220031 Mar 26252,18188,78129,128031 Dec 25250,76787,07916,50911,67730 Sep 25268,91194,77926,321030 Jun 25251,47784,65213,73611,67731 Mar 25225,13970,24924,909031 Dec 24247,48580,19612,56912,16530 Sep 24202,93860,30424,467030 Jun 24213,50659,07613,93812,16531 Mar 24230,60466,96913,85110,97731 Dec 23192,72154,78011,19110,97730 Sep 23174,41447,13511,61610,97730 Jun 23152,83246,16410,74910,97731 Mar 23116,24332,56611,3778,62631 Dec 22108,54928,69711,4958,62630 Sep 22106,99130,0149,2878,62630 Jun 2290,37824,8506,6698,62631 Mar 2271,86818,7738,4305,70631 Dec 2174,94620,6237,4545,70630 Sep 2166,19317,6526,2415,70630 Jun 2170,24819,2505,2405,70631 Mar 2168,91617,9906,6773,29731 Dec 2054,85513,5925,6273,29730 Sep 2050,19512,9955,3223,29730 Jun 2042,57210,8234,6973,29731 Mar 2032,8917,9473,9693,59031 Dec 1931,8807,6783,5893,59030 Sep 1928,1306,1433,5963,59030 Jun 1928,7695,9334,2643,59031 Mar 1926,9965,3044,8932,77231 Dec 1827,6385,7995,0382,77230 Sep 1824,7144,9524,6042,77230 Jun 1821,2524,3663,4392,77231 Mar 1821,2914,2444,3821,46231 Dec 1719,0104,0313,3481,46230 Sep 1718,2143,7973,2541,46230 Jun 1717,3693,5543,0361,46231 Mar 1716,5434,2182,6011,58331 Dec 1617,4084,2313,0561,58330 Sep 1615,4433,4262,7071,58330 Jun 1615,2913,2272,7491,58331 Mar 1614,6962,6403,2501,11131 Dec 1515,7012,7052,9561,11130 Sep 1515,1622,6262,6871,111質の高い収益: 6920 非現金収入 のレベルが高いです。利益率の向上: 6920の現在の純利益率 (33.6%)は、昨年(33.7%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 6920の収益は過去 5 年間で年間31.3%増加しました。成長の加速: 6920は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 6920は過去 1 年間で収益成長率がマイナス ( -8.5% ) となったため、 Semiconductor業界平均 ( 15.4% ) と比較することが困難です。株主資本利益率高いROE: 6920の 自己資本利益率 ( 31.4% ) は 高い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSemiconductors 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/14 03:56終値2026/08/14 00:00収益2026/06/30年間収益2026/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Lasertec Corporation 15 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28 アナリスト機関Warren LauAletheia Analyst Network LimitedStacy RasgonBernsteinHao DaiBernstein25 その他のアナリストを表示
Reported Earnings • Aug 07Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: JP¥863 (down from JP¥939 in FY 2025). Revenue: JP¥230.5b (down 8.3% from FY 2025). Net income: JP¥77.5b (down 8.5% from FY 2025). Profit margin: 34% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year.
お知らせ • Jun 26Lasertec Corporation to Report Fiscal Year 2026 Results on Aug 07, 2026Lasertec Corporation announced that they will report fiscal year 2026 results on Aug 07, 2026
Reported Earnings • May 01Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥124 (up from JP¥104 in 3Q 2025). Revenue: JP¥41.3b (up 3.5% from 3Q 2025). Net income: JP¥11.1b (up 18% from 3Q 2025). Profit margin: 27% (up from 24% in 3Q 2025). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 33% per year.
お知らせ • Mar 13Lasertec Corporation to Report Q3, 2026 Results on Apr 30, 2026Lasertec Corporation announced that they will report Q3, 2026 results on Apr 30, 2026
Reported Earnings • Jan 31Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥297 (down from JP¥381 in 2Q 2025). Revenue: JP¥74.1b (down 20% from 2Q 2025). Net income: JP¥26.7b (down 22% from 2Q 2025). Profit margin: 36% (down from 37% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Dec 12Lasertec Corporation to Report Q2, 2026 Results on Jan 30, 2026Lasertec Corporation announced that they will report Q2, 2026 results on Jan 30, 2026
Reported Earnings • Aug 07Full year 2026 earnings: Revenues and EPS in line with analyst expectationsFull year 2026 results: EPS: JP¥863 (down from JP¥939 in FY 2025). Revenue: JP¥230.5b (down 8.3% from FY 2025). Net income: JP¥77.5b (down 8.5% from FY 2025). Profit margin: 34% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 19% per year.
お知らせ • Aug 06Lasertec Corporation, Annual General Meeting, Sep 25, 2026Lasertec Corporation, Annual General Meeting, Sep 25, 2026.
Valuation Update With 7 Day Price Move • Jul 08Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥42,060, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥25,281 per share.
Price Target Changed • Jun 26Price target increased by 9.5% to JP¥45,967Up from JP¥41,967, the current price target is an average from 15 analysts. New target price is 7.6% below last closing price of JP¥49,760. Stock is up 155% over the past year. The company is forecast to post earnings per share of JP¥845 for next year compared to JP¥939 last year.
お知らせ • Jun 26Lasertec Corporation to Report Fiscal Year 2026 Results on Aug 07, 2026Lasertec Corporation announced that they will report fiscal year 2026 results on Aug 07, 2026
Upcoming Dividend • Jun 22Upcoming dividend of JP¥197 per shareEligible shareholders must have bought the stock before 29 June 2026. Payment date: 29 September 2026. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (0.7%).
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥48,300, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 134% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥19,986 per share.
Valuation Update With 7 Day Price Move • May 19Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥35,920, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 22x in the Semiconductor industry in Japan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥17,763 per share.
ライブニュース • May 05Lasertec Misses Earnings Forecast as EPS Drops 25.91% and Revenue Falls ShortLasertec reported an earnings miss for the quarter ended 30 April 2026, with EPS down 25.91% versus expectations. Revenue for the quarter was below estimates by 9.51%. The stock declined 3.16% after the announcement, indicating a negative initial reaction from the market. For you as an investor, the key takeaway is that the latest quarter came in weaker than analysts had modeled on both earnings and revenue. A 25.91% drop in EPS against expectations and a 9.51% revenue shortfall suggest that either demand, pricing, costs, or a mix of these factors did not line up with prior forecasts. The 3.16% share price decline reflects that disappointment, but also shows the reaction was relatively contained rather than extreme. At the same time, commentary around Lasertec highlights strong financial fundamentals, high profitability metrics and a solid balance sheet. That combination of an earnings miss alongside references to solid financial footing points to a situation where the market is reassessing near term performance rather than reacting to signs of balance sheet stress. If you follow the stock, it is worth separating shorter term execution questions from the longer term role Lasertec aims to play in its core markets, and watching how management addresses the gap between recent results and prior expectations in upcoming updates or guidance commentary.
分析記事 • May 02Lasertec Corporation Just Missed Earnings - But Analysts Have Updated Their ModelsAs you might know, Lasertec Corporation ( TSE:6920 ) last week released its latest quarterly, and things did not turn...
Reported Earnings • May 01Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥124 (up from JP¥104 in 3Q 2025). Revenue: JP¥41.3b (up 3.5% from 3Q 2025). Net income: JP¥11.1b (up 18% from 3Q 2025). Profit margin: 27% (up from 24% in 3Q 2025). Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 33% per year.
Valuation Update With 7 Day Price Move • Apr 10Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥41,560, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,547 per share.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improves as stock rises 24%After last week's 24% share price gain to JP¥37,740, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,450 per share.
お知らせ • Mar 13Lasertec Corporation to Report Q3, 2026 Results on Apr 30, 2026Lasertec Corporation announced that they will report Q3, 2026 results on Apr 30, 2026
Declared Dividend • Mar 13First half dividend of JP¥197 announcedShareholders will receive a dividend of JP¥197. Ex-date: 29th June 2026 Payment date: 29th September 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.0%. Payout Ratios Payout ratio: 22%. Cash payout ratio: 31%.
Price Target Changed • Mar 10Price target increased by 14% to JP¥35,567Up from JP¥31,313, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of JP¥34,680. Stock is up 129% over the past year. The company is forecast to post earnings per share of JP¥845 for next year compared to JP¥939 last year.
Valuation Update With 7 Day Price Move • Feb 06Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥30,060, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the Semiconductor industry in Japan. Total returns to shareholders of 37% over the past three years.
分析記事 • Feb 02Lasertec Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearA week ago, Lasertec Corporation ( TSE:6920 ) came out with a strong set of half-yearly numbers that could potentially...
Price Target Changed • Jan 31Price target increased by 7.2% to JP¥29,773Up from JP¥27,773, the current price target is an average from 16 analysts. New target price is 18% below last closing price of JP¥36,390. Stock is up 135% over the past year. The company is forecast to post earnings per share of JP¥832 for next year compared to JP¥939 last year.
Reported Earnings • Jan 31Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥297 (down from JP¥381 in 2Q 2025). Revenue: JP¥74.1b (down 20% from 2Q 2025). Net income: JP¥26.7b (down 22% from 2Q 2025). Profit margin: 36% (down from 37% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 30+ 1 more updateLasertec Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending June 30, 2026Lasertec Corporation revised consolidated earnings guidance for the fiscal year ending June 30, 2026. For the year, the company now expects net sales of JPY 220,000 million against previous guidance of JPY 200,000 million; operating income of JPY 100,000 million against previous guidance of JPY 85,000 million; Net income attributable to owners of parents of JPY 72,000 million against previous guidance of JPY 60,000 million and net income per share of JPY 801.89 against previous guidance of JPY 665.27. Reason for the revision: The company has revised the full-year forecast for the fiscal year ending June 30, 2026, considering customer acceptance of some products occurring earlier than expected and the trend of foreign exchange fluctuations. The assumed exchange rate for the forecast has been revised to 145 yen/USD (the previous assumption was 135 yen/USD).
分析記事 • Jan 17Lasertec Corporation's (TSE:6920) 30% Price Boost Is Out Of Tune With EarningsLasertec Corporation ( TSE:6920 ) shares have continued their recent momentum with a 30% gain in the last month alone...
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥35,900, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the Semiconductor industry in Japan. Total returns to shareholders of 46% over the past three years.
分析記事 • Jan 11Here's Why We Think Lasertec (TSE:6920) Is Well Worth WatchingInvestors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Upcoming Dividend • Dec 22Upcoming dividend of JP¥132 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 09 March 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.2%).
お知らせ • Dec 12Lasertec Corporation to Report Q2, 2026 Results on Jan 30, 2026Lasertec Corporation announced that they will report Q2, 2026 results on Jan 30, 2026
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥32,200, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 29% over the past three years.
分析記事 • Nov 08What Lasertec Corporation's (TSE:6920) 44% Share Price Gain Is Not Telling YouLasertec Corporation ( TSE:6920 ) shares have continued their recent momentum with a 44% gain in the last month alone...
Reported Earnings • Nov 01First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥211 (up from JP¥99.02 in 1Q 2025). Revenue: JP¥54.2b (up 48% from 1Q 2025). Net income: JP¥19.1b (up 113% from 1Q 2025). Profit margin: 35% (up from 24% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 01Lasertec Corporation Provides Consolidated Earnings Guidance for the Year Ending June 30, 2026Lasertec Corporation provided consolidated earnings guidance for the year ending June 30, 2026. For the year, the company expects net sales of JPY 200,000 million; operating income of JPY 85,000 million; Net income attributable to owners of parents of 60,000 million and net income per share of JPY 665.75.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 37%After last week's 37% share price gain to JP¥28,575, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 18x in the Semiconductor industry in Japan. Total returns to shareholders of 39% over the past three years.
分析記事 • Oct 29Should You Think About Buying Lasertec Corporation (TSE:6920) Now?Let's talk about the popular Lasertec Corporation ( TSE:6920 ). The company's shares received a lot of attention from a...
分析記事 • Oct 05Lasertec (TSE:6920) Has Announced A Dividend Of ¥132.00The board of Lasertec Corporation ( TSE:6920 ) has announced that it will pay a dividend on the 9th of March, with...
Declared Dividend • Oct 05Final dividend increased to JP¥132Dividend of JP¥132 is 15% higher than last year. Ex-date: 29th December 2025 Payment date: 9th March 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 44% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 10% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Sep 23Lasertec Corporation (TSE:6920) Stock Rockets 32% As Investors Are Less Pessimistic Than ExpectedLasertec Corporation ( TSE:6920 ) shares have had a really impressive month, gaining 32% after a shaky period...
Valuation Update With 7 Day Price Move • Sep 22Investor sentiment improves as stock rises 27%After last week's 27% share price gain to JP¥21,210, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,583 per share.
Buy Or Sell Opportunity • Sep 05Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 7.6% to JP¥15,625. The fair value is estimated to be JP¥12,510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.
分析記事 • Aug 28Is Lasertec Corporation (TSE:6920) Expensive For A Reason? A Look At Its Intrinsic ValueKey Insights Using the 2 Stage Free Cash Flow to Equity, Lasertec fair value estimate is JP¥12,339 Current share price...
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥17,390, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,378 per share.
Buy Or Sell Opportunity • Aug 14Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.4% to JP¥16,070. The fair value is estimated to be JP¥13,371, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 3.2% per annum over the same time period.
Reported Earnings • Aug 08Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥939 (up from JP¥655 in FY 2024). Revenue: JP¥251.5b (up 18% from FY 2024). Net income: JP¥84.7b (up 43% from FY 2024). Profit margin: 34% (up from 28% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.0%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Aug 07+ 1 more updateLasertec Corporation, Annual General Meeting, Sep 26, 2025Lasertec Corporation, Annual General Meeting, Sep 26, 2025.
Buy Or Sell Opportunity • Jul 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 13% to JP¥14,965. The fair value is estimated to be JP¥12,401, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period.
New Risk • Jun 24New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Jun 24Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥18,255, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Semiconductor industry in Japan. Total returns to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,173 per share.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥173 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (1.7%).
Price Target Changed • Jun 06Price target decreased by 8.6% to JP¥17,986Down from JP¥19,671, the current price target is an average from 14 analysts. New target price is 24% above last closing price of JP¥14,505. Stock is down 60% over the past year. The company is forecast to post earnings per share of JP¥859 for next year compared to JP¥655 last year.
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥15,630, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Semiconductor industry in Japan. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,853 per share.
Buy Or Sell Opportunity • May 12Now 24% overvaluedOver the last 90 days, the stock has fallen 3.1% to JP¥14,775. The fair value is estimated to be JP¥11,885, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings are also forecast to grow by 7.7% per annum over the same time period.
Reported Earnings • Apr 29Third quarter 2025 earnings: EPS and revenues miss analyst expectationsThird quarter 2025 results: EPS: JP¥104 (down from JP¥214 in 3Q 2024). Revenue: JP¥39.9b (down 36% from 3Q 2024). Net income: JP¥9.38b (down 52% from 3Q 2024). Profit margin: 24% (down from 31% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 47%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥10,630, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Semiconductor industry in Japan. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,624 per share.
お知らせ • Mar 26Lasertec Corporation Appoints Hiroki Miyai as Executive Officer, Effective April 1, 2025Lasertec Corporation announced the appointment of Hiroki Miyai as Executive Officer concurrently, General Manager, Technology Department 5, previously he was General Manager,Technology Department 5, Effective April 1, 2025.
お知らせ • Mar 15+ 2 more updatesLasertec Corporation to Report Q3, 2025 Results on Apr 28, 2025Lasertec Corporation announced that they will report Q3, 2025 results on Apr 28, 2025
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥15,100, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 9.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥13,517 per share.
Declared Dividend • Mar 08First half dividend of JP¥173 announcedShareholders will receive a dividend of JP¥173. Ex-date: 27th June 2025 Payment date: 29th September 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.0%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but not covered by cash flows (153% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 01Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: JP¥381 (up from JP¥161 in 2Q 2024). Revenue: JP¥92.2b (up 93% from 2Q 2024). Net income: JP¥34.4b (up 137% from 2Q 2024). Profit margin: 37% (up from 30% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 29%. Earnings per share (EPS) also surpassed analyst estimates by 47%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Jan 03Lasertec Corporation to Report Q2, 2025 Results on Jan 31, 2025Lasertec Corporation announced that they will report Q2, 2025 results on Jan 31, 2025
Upcoming Dividend • Dec 20Upcoming dividend of JP¥115 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 06 March 2025. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
Buy Or Sell Opportunity • Dec 11Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 32% to JP¥15,590. The fair value is estimated to be JP¥19,561, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Price Target Changed • Nov 09Price target decreased by 7.3% to JP¥28,731Down from JP¥30,998, the current price target is an average from 15 analysts. New target price is 43% above last closing price of JP¥20,050. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥864 for next year compared to JP¥655 last year.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥19,840, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 16x in the Semiconductor industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,493 per share.
Reported Earnings • Nov 02First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: JP¥99.02 (up from JP¥85.40 in 1Q 2024). Revenue: JP¥36.7b (down 22% from 1Q 2024). Net income: JP¥8.93b (up 16% from 1Q 2024). Profit margin: 24% (up from 16% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 37%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Oct 30Now 25% overvaluedOver the last 90 days, the stock has fallen 7.9% to JP¥23,340. The fair value is estimated to be JP¥18,718, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 46%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period.
Valuation Update With 7 Day Price Move • Oct 22Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥21,350, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥18,684 per share.
Declared Dividend • Oct 10Final dividend of JP¥115 announcedShareholders will receive a dividend of JP¥115. Ex-date: 27th December 2024 Payment date: 6th March 2025 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 61% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 03Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥655 (up from JP¥512 in FY 2023). Revenue: JP¥213.5b (up 40% from FY 2023). Net income: JP¥59.1b (up 28% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Board Change • Oct 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Takashi Yuri was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Sep 24Lasertec Releases SICA108, SiC Wafer Inspection and Review SystemLasertec Corporation announced the release of SICA108, the latest model of its SiC wafer inspection and review systems. Featuring both surface and photoluminescence (PL) inspection capabilities in one body, SICA108 enables customers to concurrently perform high-speed inspection and high-accuracy classification of surface defects as well as crystallographic defects. SiC power devices are used in a variety of applications, including electric vehicles, air conditioners, solar cells, and railway cars, and facilitate the realization of a carbon-neutral society. However, SiC wafer production processes are technically demanding, and there are still many defects that impact device yields. It therefore remains a challenge to manufacture high-quality SiC wafers stably at a lower cost. Lasertec has released SICA108 to help overcome this challenge. Renewing the inspection optics from SICA88, the current de facto standard tool widely used among many customers, SICA108 provides higher throughput and improved performance in quality analysis of SiC wafers with a lower cost of ownership. Like its predecessor, SICA108 performs surface inspection for detecting scratches, crystal defects, and particles on the wafer surface and PL inspection for detecting basal plane dislocations (BPD) inside Epi layers and stacking faults (SF), concurrently and with high sensitivity. It also features a high-accuracy defect classification capability based on proprietary deep learning algorithm to enable the early detection and analysis of killer defects. It is also compatible with various automation systems used in smart fabs, such as automatic guided vehicles (AGV) and overhead hoist transports (OHT). Lasertec will continue to pursue the development of defect inspection technologies to address customer needs and contribute to the improvement of power device quality and productivity. Features: Concurrent inspection of surface defects and BPD/SF at high speed and with high sensitivity. Detailed classification of various defect types using high-accuracy Automatic Defect Classification (ADC) and high-resolution review images. Compatible with various automation systems, including AGV and OHT. Applications: Incoming and outgoing inspection of SiC bare wafers and SiC Epi wafers. Monitoring of SiC epitaxial growth processes. Monitoring of SiC polishing processes. Management of SiC device manufacturing processes.
Valuation Update With 7 Day Price Move • Sep 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥23,735, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Semiconductor industry in Japan. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,023 per share.
Reported Earnings • Aug 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥655 (up from JP¥512 in FY 2023). Revenue: JP¥213.5b (up 40% from FY 2023). Net income: JP¥59.1b (up 28% from FY 2023). Profit margin: 28% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to JP¥19,375, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Semiconductor industry in Japan. Total loss to shareholders of 8.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥12,162 per share.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥118 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.1%).
Valuation Update With 7 Day Price Move • Jun 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥34,520, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥14,677 per share.
New Risk • May 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). High level of non-cash earnings (46% accrual ratio).
Valuation Update With 7 Day Price Move • May 07Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥42,390, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 21x in the Semiconductor industry in Japan. Total returns to shareholders of 142% over the past three years.
お知らせ • May 03Lasertec Corporation Announces Chief Executive Officer Changes, as of July 1, 2024Lasertec Corporation announced that it has resolved at the board of directors meeting held on April 30, 2024 to make changes in its representative directors and executive officers as follows (as of July 1, 2024): Osamu Okabayashi: Previous position: Representative Director, President & Chief Executive Officer; New position: Representative Director, Chairman & Executive Officer. Tetsuya Sendoda: Previous position: Director, Vice President & Executive Officer concurrently, Chief Sales Officer; New position: Chief Executive Officer. Resume of New Representative Director: Tetsuya Sendoda (April 26, 1977); Career Summary: Jan. 2008, Joined Lasertec Corporation; June 2020, General Manager, Technology Department 2; July 2022, Sales Officer; General Manager, Technology Department 2; and General Manager, Solution Sales Department 1; Sept. 2022 Executive Officer; Sales Officer; General Manager, Technology Department 2; and General Manager, Solution Sales Department 1; April 2023 Executive Officer; Sales Officer; and General Manager, Solution Sales Department 1; Sept. 2023 Director, Vice President & Executive Officer (current); and Chief Sales Officer (current).