Slides
Page 1
Presentation of First Half Results for the Year Ending March 31, 2027 November 2, 2026 Please direct inquiries related to this document to the Management Planning Dept. at +81-45-470-8980. The statements contained in this document that are not purely historical are forward-looking statements based on our company's expectations or plans regarding the future. These forward-looking statements involve factors such as risks and uncertainties, which could cause actual results and earnings performances to differ materially from those projected.
Page 2
1- (1). Consolidated Statements of Income (Quarter) (Units: Millions of Yen, %) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio Change Amount Ratio Change Amount Ratio Change Net sales 281,613 100.0% 293,822 100.0% 575,435 100.0% 312,722 100.0% 326,038 100.0% 1,214,196 100.0% 393,443 100.0% 39.7% 437,850 100.0% 49.0% 831,293 100.0% 44.5% Semiconductor 238,616 84.7% 252,936 86.1% 491,552 85.4% 269,299 86.1% 269,752 82.7% 1,030,605 84.9% 334,890 85.1% 40.3% 386,449 88.3% 52.8% 721,339 86.8% 46.7% Cybersecurity 41,684 14.8% 39,021 13.3% 80,705 14.0% 41,153 13.2% 52,020 16.0% 173,880 14.3% 56,744 14.4% 36.1% 49,143 11.2% 25.9% 105,887 12.7% 31.2% CPS Solutions 1,367 0.5% 1,863 0.6% 3,230 0.6% 2,269 0.7% 4,290 1.3% 9,790 0.8% 1,808 0.5% 32.3% 2,258 0.5% 21.2% 4,066 0.5% 25.9% Cost of sales 253,342 90.0% 262,219 89.2% 515,561 89.6% 278,969 89.2% 289,227 88.7% 1,083,758 89.3% 352,245 89.5% 39.0% 394,756 90.2% 50.5% 747,001 89.9% 44.9% Gross profit 28,271 10.0% 31,602 10.8% 59,873 10.4% 33,753 10.8% 36,811 11.3% 130,438 10.7% 41,198 10.5% 45.7% 43,094 9.8% 36.4% 84,292 10.1% 40.8% Semiconductor 19,049 8.0% 21,960 8.7% 41,009 8.3% 24,048 8.9% 24,380 9.0% 89,438 8.7% 29,632 8.8% 55.6% 32,661 8.5% 48.7% 62,293 8.6% 51.9% Cybersecurity 8,800 21.1% 8,934 22.9% 17,734 22.0% 8,886 21.6% 10,638 20.4% 37,259 21.4% 11,182 19.7% 27.1% 9,542 19.4% 6.8% 20,724 19.6% 16.9% CPS Solutions 418 30.6% 704 37.8% 1,122 34.7% 817 36.0% 1,803 42.0% 3,744 38.2% 383 21.2% -8.4% 894 39.6% 27.0% 1,277 31.4% 13.8% SG&A Expenses 20,073 7.1% 22,294 7.6% 42,367 7.4% 22,990 7.4% 23,130 7.1% 88,487 7.3% 24,689 6.3% 23.0% 26,084 6.0% 17.0% 50,773 6.1% 19.8% Semiconductor 13,177 5.5% 14,357 5.7% 27,534 5.6% 15,186 5.6% 14,716 5.5% 57,437 5.6% 15,951 4.8% 21.1% 17,084 4.4% 19.0% 33,035 4.6% 20.0% Cybersecurity 4,576 11.0% 5,398 13.8% 9,974 12.4% 5,035 12.2% 5,205 10.0% 20,215 11.6% 5,776 10.2% 26.2% 6,040 12.3% 11.9% 11,816 11.2% 18.5% CPS Solutions 2,316 169.4% 2,534 136.0% 4,850 150.2% 2,768 122.0% 3,221 75.1% 10,840 110.7% 2,962 163.8% 27.9% 2,963 131.2% 16.9% 5,925 145.7% 22.2% Operating income 8,198 2.9% 9,308 3.2% 17,506 3.0% 10,762 3.4% 13,681 4.2% 41,950 3.5% 16,509 4.2% 101.4% 17,009 3.9% 82.7% 33,518 4.0% 91.5% Semiconductor 5,871 2.5% 7,603 3.0% 13,474 2.7% 8,862 3.3% 9,664 3.6% 32,001 3.1% 13,681 4.1% 133.0% 15,577 4.0% 104.9% 29,258 4.1% 117.1% Cybersecurity 4,223 10.1% 3,536 9.1% 7,759 9.6% 3,850 9.4% 5,433 10.4% 17,044 9.8% 5,406 9.5% 28.0% 3,501 7.1% -1.0% 8,907 8.4% 14.8% CPS Solutions -1,897 - -1,831 - -3,728 - -1,950 - -1,417 - -7,095 - -2,578 - - -2,069 - - -4,647 - - Ordinary Income 5,082 1.8% 9,646 3.3% 14,728 2.6% 10,093 3.2% 12,569 3.9% 37,392 3.1% 16,247 4.1% 219.7% 16,504 3.8% 71.1% 32,751 3.9% 122.4% 5,091 1.8% 5,930 2.0% 11,021 1.9% 7,319 2.3% 9,424 2.9% 27,765 2.3% 10,928 2.8% 114.7% 11,350 2.6% 91.4% 22,278 2.7% 102.1% 1- (2). Consolidated Statements of Income (Half) (Units: Millions of Yen, %) FY2026 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Change Net sales 575,435 100.0% 638,761 100.0% 1,214,196 100.0% 831,293 100.0% 44.5% Semiconductor 491,552 85.4% 539,053 84.4% 1,030,605 84.9% 721,339 86.8% 46.7% Cybersecurity 80,705 14.0% 93,175 14.6% 173,880 14.3% 105,887 12.7% 31.2% CPS Solutions 3,230 0.6% 6,560 1.0% 9,790 0.8% 4,066 0.5% 25.9% Cost of sales 515,561 89.6% 568,197 89.0% 1,083,758 89.3% 747,001 89.9% 44.9% Gross profit 59,873 10.4% 70,565 11.0% 130,438 10.7% 84,292 10.1% 40.8% Semiconductor 41,009 8.3% 48,429 9.0% 89,438 8.7% 62,293 8.6% 51.9% Cybersecurity 17,734 22.0% 19,525 21.0% 37,259 21.4% 20,724 19.6% 16.9% CPS Solutions 1,122 34.7% 2,622 40.0% 3,744 38.2% 1,277 31.4% 13.8% SG&A Expenses 42,367 7.4% 46,120 7.2% 88,487 7.3% 50,773 6.1% 19.8% Semiconductor 27,534 5.6% 29,903 5.5% 57,437 5.6% 33,035 4.6% 20.0% Cybersecurity 9,974 12.4% 10,241 11.0% 20,215 11.6% 11,816 11.2% 18.5% CPS Solutions 4,850 150.2% 5,990 91.3% 10,840 110.7% 5,925 145.7% 22.2% Operating income 17,506 3.0% 24,444 3.8% 41,950 3.5% 33,518 4.0% 91.5% Semiconductor 13,474 2.7% 18,527 3.4% 32,001 3.1% 29,258 4.1% 117.1% Cybersecurity 7,759 9.6% 9,285 10.0% 17,044 9.8% 8,907 8.4% 14.8% CPS Solutions -3,728 - -3,367 - -7,095 - -4,647 - - Ordinary Income 14,728 2.6% 22,664 3.5% 37,392 3.1% 32,751 3.9% 122.4% 11,021 1.9% 16,744 2.6% 27,765 2.3% 22,278 2.7% 102.1% Note: 1. The Group has previously reported two segments, namely the "ICs, Electronic Devices and Other Busine ss" segment and the "Cybersecurity and Other IT Solutions Business" segment. From the current consolidated first quarter, following a review o f the performance management framework in light of the expansion of the CPS (Cyber-Physical System) Solutions Business, the CPS Solutions business has been designated as a separate reporting segment. 2．In conjunction with this change to the reporting segments, the name of the “ICs, Electronic Devices and Other Business” segment has been changed to “Semiconductor Business”, and the name of the “Cybersecurity and Other IT Solutions Business” segment has been changed to “Cybersecurity Business”. Figures for the same period of the previous year have been restated in accordance with the revised segment classification for the purposes of comparison and analysis. 3. For each segment, the composition ratios of gross profit, selling, general and administrative expenses , and operating profit indicate the segment’s profit margin. 4. Figures for each segment include internal sales and segmen t transfers, while the total figures are present ed after adjustments. Net income attributable to the shareholders of the parent 1st Half Full-term2nd Half Net income attributable to the shareholders of the parent 1st Half FY2026 FY2025 2Q FY2025 4Q 1Q 1st Half Full-year1Q 2Q 3Q1st Half
Page 3
2. Consolidated Balance Sheets (Units: Millions of Yen, %) Change Amount Ratio Amount Ratio Amount Total assets 700,887 100.0% 840,288 100.0% 139,401 Total current assets 667,872 95.3% 807,854 96.1% 139,982 Cash and deposits 54,388 7.8% 53,206 6.3% -1,182 Trade notes and accounts receivable293,823 41.9% 377,731 45.0% 83,908 Inventories 263,912 37.7% 305,230 36.3% 41,318 Other current assets 56,708 8.1% 72,790 8.7% 16,082 Allowance for doubtful accounts -959 -0.1% -1,104 -0.1% -145 Total fixed assets 33,015 4.7% 32,433 3.9% -582 Property, equipment, at cost 9,474 1.4% 9,424 1.1% -50 Intangible fixed assets 6,037 0.9% 4,925 0.6% -1,112 Investments and other assets 17,503 2.5% 18,083 2.2% 580 Total liabilities 411,771 58.7% 534,423 63.6% 122,652 Total current liabilities 409,570 58.4% 532,182 63.3% 122,612 Notes and accounts payable 225,254 32.1% 261,679 31.1% 36,425 Short-term borrowings 75,786 10.8% 115,905 13.8% 40,119 Accrued bonus 7,479 1.1% 8,710 1.0% 1,231 Other current liabilities 101,049 14.4% 145,886 17.4% 44,837 Long-term liabilities 2,200 0.3% 2,241 0.3% 41 Long-term debt - - - - - Liability for retirement benefits 417 0.1% 408 0.0% -9 Other 1,782 0.3% 1,833 0.2% 51 Net assets 289,115 41.2% 305,865 36.4% 16,750 Stockholders' Equity 241,342 34.4% 257,678 30.7% 16,336 Paid-in capital 14,040 2.0% 14,040 1.7% 0 Additional paid-in capital surplus 30,654 4.4% 30,774 3.7% 120 Consolidated retained earnings 197,678 28.2% 213,707 25.4% 16,029 Treasury stock -1,030 -0.1% -843 -0.1% 187 Other comprehensive income 37,589 5.4% 35,896 4.3% -1,693 Unrealized holding gains on other securities788 0.1% 1,087 0.1% 299 Gain on deferred hedge -627 -0.1% 265 0.0% 892 Foreign currency translation adjustments37,428 5.3% 34,544 4.1% -2,884 Non-controlling interests 10,183 1.5% 12,290 1.5% 2,107 Mar. 2026 Sep. 2026
Page 4
3. Sales by Product (Consolidated) (Units: Millions of Yen, %) Amount Ratio Amount Ratio Y/Y Change vs. latest results Amount Ratio Y/Y Change vs. latest results Amount Ratio Y/Y Change 418,406 72.7% 291,630 74.1% 45.8% 21.8% 337,978 77.2% 54.7% 15.9% 629,608 75.7% 50.5% PLD 51,635 9.0% 26,284 6.7% -6.1% 17.2% 30,607 7.0% 29.5% 16.4% 56,891 6.8% 10.2% ASIC 8,680 1.5% 4,625 1.2% 2.4% 2.6% 3,788 0.9% -9.0% -18.1% 8,413 1.0% -3.1% ASSP 47,937 8.3% 35,757 9.1% 60.1% 23.7% 41,714 9.5% 62.9% 16.7% 77,471 9.3% 61.6% Analog IC 136,328 23.7% 106,970 27.2% 74.9% 22.3% 131,353 30.0% 74.7% 22.8% 238,323 28.7% 74.8% Memories 28,099 4.9% 25,850 6.6% 106.9% 50.3% 35,581 8.1% 128.0% 37.6% 61,431 7.4% 118.6% Microcontroller 77,470 13.5% 50,314 12.8% 35.1% 13.7% 51,187 11.7% 27.3% 1.7% 101,501 12.2% 31.0% Power and Other ICs 68,253 11.9% 41,826 10.6% 22.2% 20.3% 43,748 10.0% 28.6% 4.6% 85,574 10.3% 25.4% 40,444 7.0% 24,980 6.3% 29.3% 26.6% 36,961 8.4% 75.0% 48.0% 61,941 7.5% 53.2% Other 32,701 5.7% 18,280 4.6% -5.4% 73.5% 11,509 2.6% -14.0% -37.0% 29,789 3.6% -8.9% Cybersecurity 80,651 14.0% 56,744 14.4% 36.3% 9.1% 49,143 11.2% 25.9% -13.4% 105,887 12.7% 31.3% Hardware 7,501 1.3% 4,234 1.1% 9.1% 63.9% 3,106 0.7% -14.2% -26.6% 7,340 0.9% -2.1% Software 60,291 10.5% 45,386 11.5% 43.9% 6.0% 39,053 8.9% 35.9% -14.0% 84,439 10.2% 40.1% Services 12,857 2.2% 7,123 1.8% 14.9% 7.9% 6,983 1.6% 4.9% -2.0% 14,106 1.7% 9.7% CPS Solutions 3,230 0.6% 1,808 0.5% 32.3% -57.9% 2,258 0.5% 21.2% 24.9% 4,066 0.5% 25.9% Total 575,435 100.0% 393,443 100.0% 39.7% 20.7% 437,850 100.0% 49.0% 11.3% 831,293 100.0% 44.5% FY2025 (Reference) (Units: Millions of Yen, %) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio 199,981 71.0% 218,425 74.3% 239,854 76.7% 239,485 73.5% 897,745 73.9% PLD 27,999 9.9% 23,636 8.0% 25,027 8.0% 22,419 6.9% 99,082 8.2% ASIC 4,518 1.6% 4,162 1.4% 3,476 1.1% 4,506 1.4% 16,663 1.4% ASSP 22,328 7.9% 25,609 8.7% 29,557 9.5% 28,898 8.9% 106,394 8.8% Analog IC 61,158 21.7% 75,169 25.6% 82,340 26.3% 87,433 26.8% 306,102 25.2% Memories 12,494 4.4% 15,605 5.3% 17,058 5.5% 17,202 5.3% 62,360 5.1% Microcontroller 37,247 13.2% 40,223 13.7% 43,394 13.9% 44,250 13.6% 165,116 13.6% Power and Other ICs 34,235 12.2% 34,018 11.6% 38,999 12.5% 34,774 10.7% 142,026 11.7% 19,320 6.9% 21,123 7.2% 19,816 6.3% 19,732 6.1% 79,993 6.6% Other 19,314 6.9% 13,387 4.6% 9,628 3.1% 10,534 3.2% 52,865 4.4% Cybersecurity 41,629 14.8% 39,021 13.3% 41,153 13.2% 51,995 15.9% 173,800 14.3% Hardware 3,881 1.4% 3,619 1.2% 4,012 1.3% 2,584 0.8% 14,097 1.2% Software 31,549 11.2% 28,742 9.8% 30,786 9.8% 42,807 13.1% 133,885 11.0% Services 6,198 2.2% 6,659 2.3% 6,354 2.0% 6,604 2.0% 25,816 2.1% CPS Solutions 1,367 0.5% 1,863 0.6% 2,269 0.7% 4,290 1.3% 9,790 0.8% Total 281,613 100.0% 293,821 100.0% 312,722 100.0% 326,038 100.0% 1,214,196 100.0% Note:1. The Group has previously reported two segments, namely the "ICs, Electronic Devices and Other Busine ss" segment and the "Cybersecurity and Other IT Solutions Busine ss" segment. From the current consolidated first quarter, following a review of the performance management framework in light of the expansion of the CPS (Cyber-Physical System) Solutions Business, the CPS Solutions business has been designated as a separate reporting segmen t. Figures for the same period of the previous year have been restated in a ccordance with the revised segment classification for the purposes of comparison and analysis. Semiconductors Electronic devices FY2026FY2025 1st Half 1st Half 1Q 2Q1Q Semiconductors Electronic devices Full-year4Q3Q2Q
Page 5
4. Net Sales by Segment (Consolidated) (Units: Millions of Yen, %) Amount Ratio1 Ratio2 Amount Ratio1 Ratio2 Y/Y Change vs. latest results Amount Ratio1 Ratio2 Y/Y Change vs. latest results Amount Ratio1 Ratio2 Y/Y Change 491,560 100.0% 85.4% 334,890 100.0% 85.1% 40.4% 24.1% 386,450 100.0% 88.3% 52.8% 15.4% 721,340 100.0% 86.8% 46.7% 38,830 7.9% 6.7% 26,600 7.9% 6.8% 42.9% 13.1% 28,820 7.5% 6.6% 42.6% 8.3% 55,420 7.7% 6.7% 42.7% Communication Terminals 11,720 2.4% 2.0% 8,160 2.4% 2.1% 57.5% 21.4% 8,980 2.3% 2.1% 37.3% 10.0% 17,140 2.4% 2.1% 46.2% Communications Infrastructure 27,110 5.5% 4.7% 18,440 5.5% 4.7% 37.2% 9.8% 19,840 5.1% 4.5% 45.1% 7.6% 38,280 5.3% 4.6% 41.2% 18,780 3.8% 3.3% 11,000 3.3% 2.8% 21.8% 10.9% 13,010 3.4% 3.0% 33.4% 18.3% 24,010 3.3% 2.9% 27.8% 76,820 15.6% 13.3% 42,190 12.6% 10.7% -2.5% 38.2% 52,230 13.5% 11.9% 55.6% 23.8% 94,420 13.1% 11.4% 22.9% 42,490 8.6% 7.4% 26,830 8.0% 6.8% 33.1% 24.6% 30,950 8.0% 7.1% 38.6% 15.4% 57,780 8.0% 7.0% 36.0% 149,250 30.4% 25.9% 93,630 28.0% 23.8% 31.3% 18.8% 93,420 24.2% 21.3% 19.8% -0.2% 187,050 25.9% 22.5% 25.3% 165,390 33.6% 28.7% 134,640 40.2% 34.2% 76.6% 27.7% 168,020 43.5% 38.4% 88.5% 24.8% 302,660 42.0% 36.4% 83.0% 80,650 - 14.0% 56,740 - 14.4% 36.3% 9.1% 49,150 - 11.2% 26.0% -13.4% 105,890 - 12.7% 31.3% 3,230 - 0.6% 1,810 - 0.5% 32.1% -57.8% 2,260 - 0.5% 21.5% 24.9% 4,070 - 0.5% 26.0% 575,440 - 100.0% 393,440 - 100.0% 39.7% 20.7% 437,860 - 100.0% 49.0% 11.3% 831,300 - 100.0% 44.5% FY2025 (Reference) (Units: Millions of Yen, %) Amount Ratio1 Ratio2 Amount Ratio1 Ratio2 Amount Ratio1 Ratio2 Amount Ratio1 Ratio2 Amount Ratio1 Ratio2 238,610 100.0% 84.7% 252,950 100.0% 86.1% 269,300 100.0% 86.1% 269,750 100.0% 82.7% 1,030,610 100.0% 84.9% 18,620 7.8% 6.6% 20,210 8.0% 6.9% 25,370 9.4% 8.1% 23,520 8.7% 7.2% 87,720 8.5% 7.2% Communication Terminals 5,180 2.2% 1.8% 6,540 2.6% 2.2% 6,910 2.6% 2.2% 6,720 2.5% 2.1% 25,350 2.5% 2.1% Communications Infrastructure 13,440 5.6% 4.8% 13,670 5.4% 4.7% 18,460 6.9% 5.9% 16,800 6.2% 5.2% 62,370 6.1% 5.1% 9,030 3.8% 3.2% 9,750 3.9% 3.3% 9,710 3.6% 3.1% 9,920 3.7% 3.0% 38,410 3.7% 3.2% 43,250 18.1% 15.4% 33,570 13.3% 11.4% 25,610 9.5% 8.2% 30,530 11.3% 9.4% 132,960 12.9% 11.0% 20,160 8.4% 7.2% 22,330 8.8% 7.6% 19,840 7.4% 6.3% 21,540 8.0% 6.6% 83,870 8.1% 6.9% 71,300 29.9% 25.3% 77,950 30.8% 26.5% 82,220 30.5% 26.3% 78,830 29.2% 24.2% 310,300 30.1% 25.6% 76,250 32.0% 27.1% 89,140 35.2% 30.3% 106,550 39.6% 34.1% 105,410 39.1% 32.3% 377,350 36.6% 31.1% 41,630 - 14.8% 39,020 - 13.3% 41,150 - 13.2% 52,000 - 15.9% 173,800 - 14.3% 1,370 - 0.5% 1,860 - 0.6% 2,270 - 0.7% 4,290 - 1.3% 9,790 - 0.8% 281,610 - 100.0% 293,830 - 100.0% 312,720 - 100.0% 326,040 - 100.0% 1,214,200 - 100.0% Note: 1. The Group has previously reported two segments, namely the "ICs, Electronic Devices and Other Business" segment and the "Cybersecurity and Other IT Solutions Business" segment. From the current consolidated first quarter, following a review of the performance management framework in light of the expansion of the CPS (Cyber-Physical System) Solutions Business, the CPS Solutions business has been designated as a separate reporting segment. Figures for the same period of the previous year have been restated in accordance with the revised segment classification for the purposes of comparison and analysis. Cybersecurity CPS Solutions CPS Solutions Total Industrial Equipment Communication OA, Peripherals Computers Consumer Products Automotive Industrial Equipment Automotive Communication OA, Peripherals Computers Consumer Products Semiconductor FY2026 1st HalfSegment Cybersecurity 2Q 2Q 4Q Full-term 1Q 3Q Total Segment Semiconductor FY2025 1st Half 1Q
Page 6
5．Projections for Fiscal Year 2026 (Units: Millions of Yen, %) FY2026 (Projection) 1st Half 2nd Half Full-year Ratio Ratio Ratio Ratio Change Net Sales 575,435 100.0% 638,761 100.0% 1,214,196 100.0% 1,670,000 100.0% 37.5% Semiconductor 491,552 85.4% 539,053 84.4% 1,030,605 84.9% 1,443,000 86.4% 40.0% Cybersecurity 80,705 14.0% 93,175 14.6% 173,880 14.3% 216,000 12.9% 24.2% CPS Solutions 3,230 0.6% 6,560 1.0% 9,790 0.8% 11,000 0.7% 12.4% Gross Profit 59,873 10.4% 70,565 11.0% 130,438 10.7% 172,500 10.3% 32.2% SG&A Expense 42,367 7.4% 46,120 7.2% 88,487 7.3% 105,000 6.3% 18.7% Operating Income 17,506 3.0% 24,444 3.8% 41,950 3.5% 67,500 4.0% 60.9% Semiconductor 13,474 2.7% 18,527 3.4% 32,001 3.1% 56,500 3.9% 76.6% Cybersecurity 7,759 9.6% 9,285 10.0% 17,044 9.8% 19,000 8.8% 11.5% CPS Solutions -3,728 - -3,367 - -7,095 - -8,000 - - Ordinary Income 14,728 2.6% 22,664 3.5% 37,392 3.1% 66,000 4.0% 76.5% 11,021 1.9% 16,744 2.6% 27,765 2.3% 46,000 2.8% 65.7% Note:1. The Group has previously reported two segments, namely the "ICs, Electronic Devices and Other Business" segment and the "Cybersecurity and Other IT Solutions Business" segment. From the current consolidated first quarter, following a review of the performance management framework in light of the expansion of the CPS (Cyber-Physical System) Solutions Business, the CPS Solutions business has been designated as a separate reporting segment. 2. In conjunction with this change to the reporting segments, the name of the “ICs, Electronic Devices and Other Business” segment has been changed to “Semiconductor Business”, and the name of the “Cybersecurity and Other IT Solutions Business” segment has been changed to “Cybersecurity Business”. Figures for the same period of the previous year have been restated in accordance with the revised segment classification for the purposes of comparison and analysis. 3. For each segment, the composition ratios of gross profit, selling, general and administrative expenses, and operating profit indicate the segment’s profit margin. 4. Figures for each segment include internal sales and segment transfers, while the total figures are presented after adjustments. FY2025(Actual) Full-year Net income attributable to owners of parent