Kokusai Electric Lowers Outlook Despite Strong H1

Kokusai Electrics stock plummeted by eight percent in Tokyo trading after the company revised its full-year financial outlook downward, despite exceeding expectations in its first-half results. The semiconductor equipment maker reported a slight increase in sales and a decrease in operating profit for the first six months of fiscal year 2026. However, the second quarter showed strong performance, with sales and operating profit surpassing market estimates. A significant portion of their second-quarter revenue came from sales to China. The company attributed the downward revision to delays in global and Chinese memory chip projects, pushing them into the next fiscal year. Kokusai Electric now expects lower sales and operating profit for the second half of the year, with a projected sales ratio to China of thirty-seven percent.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.