Skip to content

Weekday Japan business intelligence for finance professionals.

Join the list
Tokyo Brief東 京 ブ リ ー フJapan's day, wrapped and delivered by morning.

Article

Furuya Metal's Profit More Than Doubles, Beating Its 2030 Target Early

Furuya Metal's ordinary profit more than doubled to ¥24.7bn in the year to June on semiconductor and data-centre demand, precious-metal prices and a weak yen, and the company now says it will revise its 2030 profit target, though it has not yet said to what.

A sputtering target disc and small metal crucible on a factory workbench next to semiconductor wafer cassettes.

Furuya Metal, the Tokyo-listed maker of precious-metal crucibles, sputtering targets and thermocouples used in chipmaking, posted record sales and profit for the year to June 2026 and says it has already beaten the profit target it set for 2030.

Consolidated net sales rose 74.5% to ¥100.1bn, ordinary profit jumped 162.7% to ¥24.7bn, and net profit attributable to shareholders climbed 147.9% to ¥16.0bn. Return on equity reached 22.5%, against 10.4% a year earlier, and Furuya says return on invested capital hit 17.3%, roughly double the prior year.

Furuya Metal: year to June 2026 vs prior year
Figures from Furuya Metal's annual securities report; prior-year ROIC is from the company's investor presentation.
MetricYear to June 2025Year to June 2026
Net sales¥57.4bn¥100.1bn
Ordinary profit¥9.4bn¥24.7bn
Net income attributable to owners¥6.5bn¥16.0bn
ROE10.4%22.5%
ROIC7.4%17.3%

Furuya credits the jump on demand from semiconductor and data-centre customers, high precious-metal prices and a weak yen. Its KFK Vision 2030 plan, adopted in August 2025, had set targets of ¥20bn in ordinary profit and ROE of at least 10% for the year to June 2030. The company hit both in the plan's first year and says it will revise the 2030 numbers once it can disclose them, without giving a figure or a date.

On capacity, Furuya completed its new Chitose plant in Hokkaido in July 2026, part of ¥3.8bn in equipment spending for the year that included ¥2.0bn for the plant's construction. The site is due to reach full operation in 2027, when Furuya plans to commercialize new quartz components for semiconductor manufacturing. Furuya is also working to expand production and development capacity for ruthenium sputtering targets used in EUV mask blanks, developed closely with equipment and device makers, and expects mass-production demand for the material to emerge around 2030.

This year's profit was lifted by precious-metal prices and the weak yen alongside genuine chip demand, and Furuya has not broken out how much of the gain came from each source.