Sumco Posts Loss in FY25, Issues Q1 Outlook

Sumco Inc. (SMCO) reported a net loss of $147 million for fiscal 2025, ending February 29, 2026, compared to a profit of $29 million in fiscal 2024. The decline followed a 25% drop in sales volume and higher raw material costs, pressuring margins. The company also issued a cautious guidance for first-quarter 2026, projecting revenue of $2.15 billion ±$50 million, down from $2.35 billion in the same period last year. Management attributed the results to continued weakness in global demand for its automotive and industrial products.