Financial PerformanceSMC reported 1Q FY3/25 results inline with expectation in the topline and beating in bottom line, mainly due to FX gains.
Market RecoveryThere are signs of recovery in semi-related demand, especially in Japan, the US, and China, as noted by management.
Shareholder ValueThe company announced a share buyback of up to ¥35bn or 600,000 shares, representing 0.9% of the total outstanding.