SWCC Corporation (5805) Investor update summary

Q3 financial performance highlights

• Net sales rose 12.5% YoY to ¥178.2 billion, driven by strong Energy and Infrastructure Business demand and higher copper prices.

• Operating profit surged 78.2% YoY to ¥16.7 billion, with significant gains from construction and electric power infrastructure projects.

• Ordinary profit forecast for the full year was revised downward due to equity method losses and increased allowance for doubtful accounts.

• Progress rates for both sales and operating income exceeded historical averages, reflecting robust business momentum.

Segment performance and trends

• Energy and Infrastructure Business achieved record-high operating income, supported by buoyant construction and electric power equipment demand.

• Communication and Industrial Devices Business saw a 109.7% YoY income increase, led by strong communication cable sales and improved profitability in precision devices.

• Electronic Equipment and Components Business experienced steady sales but a slight income decline due to weak EV-related demand and automaker production suspensions.

Medium-term management plan update

• FY2026 operating profit target was raised from ¥17.0 billion to ¥24.0 billion, with net assets target increased to ¥100.0 billion.

• Energy and Infrastructure Business targets were revised upward, reflecting high construction and electric power demand.

• Communication and Industrial Devices Business targets for communication cables were raised, while wire harnesses forecasts were lowered due to weaker demand from Japanese consumer electronics.