Yamaichi Electronics (6941) Q4 2026 earnings summary

Executive summary

• Net sales rose 16.3% year-over-year to ¥52,698 million, with operating profit up 40.5% to ¥11,556 million and profit attributable to owners of parent up 73.1% to ¥9,073 million, surpassing medium-term plan targets.

• Strong performance in semiconductors and data centers offset sluggish automotive demand and rising raw material costs.

• The company launched its Fifth Medium-Term Management Plan, focusing on sustainable growth, capital efficiency, and non-financial value enhancement.

Financial highlights

• Gross profit increased to ¥21,403 million from ¥17,500 million year-over-year.

• Operating margin improved to 21.9% from 18.2% year-over-year.

• Comprehensive income more than doubled to ¥10,434 million.

• Cash and cash equivalents at year-end rose to ¥17,237 million, up from ¥12,794 million.

Outlook and guidance

• FY2027 forecast: net sales ¥60,000 million (+13.9%), operating profit ¥13,000 million (+12.5%), profit attributable to owners of parent ¥9,200 million (+1.4%).

• Dividend forecast for FY2027 is ¥150 per share, maintaining a payout ratio of 30.1%.

• Management expects continued growth in semiconductor and electronic components markets, but notes uncertainty from geopolitical risks and raw material prices.