TOKYO, Mar 23 (Pulse News Wire) – Cosel CO.,LTD. (6905.T) reported a decline in revenue and operating profit for the third quarter ending March 2026.
Revenue stood at ¥173.4 billion, marking a decrease of ¥38.7 billion compared to the same period last year, representing an 18.3% reduction. Operating profit fell to negative ¥872 million, down from positive ¥634 million in the previous year's corresponding quarter due to lower sales and increased fixed costs. The company noted that while domestic demand for semiconductor manufacturing equipment remained strong, customer inventory adjustments in factory automation (FA) sectors contributed to a gradual recovery trend. However, ongoing uncertainties related to US tariff policies and prolonged economic downturns in China continued to impact overseas markets, particularly in Europe where the economy remains sluggish.
Looking ahead, COSel maintained its annual outlook, projecting total revenue of ¥241.1 billion and an lower operating profit of ¥8.141 billion for the fiscal year ending May 2026. Despite challenges, management highlighted improvements in order intake since the beginning of the fiscal year, driven by robust demand for AI-related GPU manufacturing equipment and steady progress in FA, medical, and communication device segments. For the upcoming fourth quarter, the company expects a significant portion of recent orders to contribute positively to revenues. COSel also reaffirmed its dividend policy, planning to distribute ¥28 per share for the interim dividend paid in February and ¥27 per share for the final dividend scheduled for July 2026, totaling ¥55 per share annually.
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