Komori
Earnings2760TOKYO ELECTRON DEVICE LIMITEDTrading & Wholesale

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ending March 2026, revenue and profit declined due to weakness in the Semiconductor and Electronic Devices business. For the fiscal year ending March 2027, the company expects revenue and ordinary profit to increase, based on an assumed recovery in the Computer Systems-Related business and semiconductor demand.

Worth reading
55In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
17.7
% (year-on-year decline in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales203,748¥ millionYear on year -5.8%Progress 90.6%
Operating profit10,253¥ millionYear on year -17.7%
Ordinary income9,750¥ millionYear on year -14.6%Progress 86.3%
Net income attributable to owners of the parent7,842¥ millionYear on year -11.6%Progress 99.9%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥265.91
Operating Margin5.0%
Financial position at period-end
Total assets162,211¥ million
of which net assets 53,756 ¥ millionEquity ratio 32.6%vs. prior year-end +2.1pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+15,684
Investment+1,200
Financials-17,848
Net change-964

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥7,622 million
Segment revenueSemiconductor and Electronic Devices Business ¥162,543 million (YoY -9.2%), Computer Systems-Related Business ¥41,204 million (YoY +10.4%)
Segment profitSemiconductor and Electronic Devices Business ¥3,208 million (YoY -47.8%), Computer Systems-Related Business ¥6,542 million (YoY +24.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥225,000 million (YoY +10.4%)
Operating profitNot disclosed
Ordinary income¥11,300 million (YoY +15.9%)
Net income¥7,850 million (YoY +0.1%)
Annual Dividend Forecast¥119 → ¥108(-9.2%)
Payout ratio40.2% (actual for the fiscal year ending March 2026), 40.6% (forecast for the fiscal year ending March 2027)
Factors Behind Changes in Business Performance

Although sales for automotive applications remained solid in the Semiconductor and Electronic Devices business, semiconductor products for industrial equipment declined due to the continued adjustment of customer inventories, while PB products also performed poorly because of the prolonged adjustment in the wafer market. In the Computer Systems-Related business, sales of storage products, maintenance and monitoring services, and security-related products were strong.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNumber of newly consolidated companies 0 / Number of companies excluded 0 / Company name None (no material changes)
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥61 million, Gain on sale of investment securities ¥1,076 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million
Depreciation and amortization¥1,035 million
Orders received and order backlogOrders received ¥233,435 million / Order backlog ¥146,157 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End31,336,500 Shares
Treasury Shares at Period-End1,887,019 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥203,748 million (YoY -5.8%)
Operating profit¥10,253 million (YoY -17.7%)
Ordinary income¥9,750 million (YoY -14.6%)
Profit attributable to owners of the parent¥7,842 million (YoY -11.6%)
Net income per share¥265.91
Operating Margin5.0%
Equity ratioEnd of the current fiscal period 32.6 / End of previous period 30.5
Total assets¥162,211 million
Net assets¥53,756 million
Cash flows from operating activities¥15,684 million
Cash flows from investing activities¥1,200 million
Cash flows from financing activities¥-17,848 million
Cash and cash equivalents at end of period¥7,622 million
Full-year earnings forecastNet Sales ¥225,000 million (YoY +10.4%) / Operating profit Not disclosed / Ordinary income ¥11,300 million (YoY +15.9%) / Net income ¥7,850 million (YoY +0.1%)
Annual Dividend Forecast¥119 → ¥108(-9.2%)
Payout ratio40.2% (actual for the fiscal year ending March 2026), 40.6% (forecast for the fiscal year ending March 2027)
Segment revenueSemiconductor and Electronic Devices Business ¥162,543 million (YoY -9.2%), Computer Systems-Related Business ¥41,204 million (YoY +10.4%)
Segment profitSemiconductor and Electronic Devices Business ¥3,208 million (YoY -47.8%), Computer Systems-Related Business ¥6,542 million (YoY +24.2%)
Orders received and order backlogOrders received ¥233,435 million / Order backlog ¥146,157 million
Depreciation and amortization¥1,035 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥61 million, Gain on sale of investment securities ¥1,076 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥5 million
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNumber of newly consolidated companies 0 / Number of companies excluded 0 / Company name None (no material changes)
Material subsequent eventsNo applicable matters.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End31,336,500 Shares
Treasury Shares at Period-End1,887,019 Shares
Factors Behind Changes in Business PerformanceAlthough sales for automotive applications remained solid in the Semiconductor and Electronic Devices business, semiconductor products for industrial equipment declined due to the continued adjustment of customer inventories, while PB products also performed poorly because of the prolonged adjustment in the wafer market. In the Computer Systems-Related business, sales of storage products, maintenance and monitoring services, and security-related products were strong.
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional salesImpairment loss

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the Semiconductor and Electronic Devices business, sales declined due to the continued adjustment of customer inventories and the prolonged adjustment in the wafer market. In the Computer Systems-Related business, sales of storage products, maintenance and monitoring services, and security-related products were strong.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | TOKYO ELECTRON DEVICE LIMITED (2760) timely disclosure | Komori