Sumco Corporation Faces Challenges Amidst Market Shifts
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Sumco Corporation (SUOPY) reported its Q3 earnings, revealing a 2.6% increase in consolidated net sales to 304,436 million yen. However, the company faced significant challenges, with operating profit and ordinary profit dropping by 80.4% and 91.6%, respectively, leading to a loss of 995 million yen. The decline was attributed to sluggish demand and customer inventory adjustments. Despite this, Sumco maintains its market share in leading-edge products and anticipates strong demand for 300 mm silicon wafers, particularly for AI applications, while focusing on structural reforms to improve efficiency and profitability.
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