Worth reading
61In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
44.5
% (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales831,293¥ millionYear on year +44.5%Progress 49.8%
Operating profit33,518¥ millionYear on year +91.5%Progress 49.7%
Ordinary income32,751¥ millionYear on year +122.4%Progress 49.6%
Net income attributable to owners of the parent22,278¥ millionYear on year +102.1%
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¥124.74
Financial position at period-end
Total assets840,288¥ million
of which net assets 305,865 ¥ millionEquity ratio 34.9%vs. prior year-end -4.9pt
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-32,569
Investment-2,346
Financials+34,468
Net change-447
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¥53,206 million
Segment revenue
Semiconductor Business721,33986.8%+46.7%
Cybersecurity Business105,88712.7%+31.3%
CPS Solutions business4,0660.5%+25.9%
Segment profit
Semiconductor Business29,258+117.1%
Cybersecurity Business8,907+14.8%
CPS Solutions business-4,647
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,670,000 million (YoY +37.5%)
Operating profit¥67,500 million (YoY +60.9%)
Ordinary income¥66,000 million (YoY +76.5%)
Profit attributable to owners of the parent¥46,000 million (YoY +65.7%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥1,670,000 million / Operating profit Not disclosed → ¥67,500 million / Ordinary income Not disclosed → ¥66,000 million / Profit attributable to owners of the parent Not disclosed → ¥46,000 million
Annual Dividend Forecast¥70 → ¥90
Shareholder Return PolicyStable and consistent dividends based on a target consolidated dividend on equity (DOE) of 5%, with a target total payout ratio of 40–50%
Factors Behind Changes in Business Performance
In the Semiconductor business, capital investment driven by AI demand and the recovery in demand for semiconductor manufacturing equipment, factory automation machine tools, automotive applications and AI servers contributed to results. In the Cybersecurity business, demand driven by large-scale incidents, the expanded use of cloud services and the adoption of zero-trust security contributed to results. In the CPS Solutions business, revenue and profit fell below plan due to the prolonged rollout of autonomous EV buses and the customer's cancellation of vehicle development.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not applicable / Excluded Number of companies 0 / Company name Not applicable
Material subsequent eventsAt a meeting of the Board of Directors held on 2 November 2026, the Company resolved to acquire up to 1,600,000 shares of treasury stock, for a total acquisition cost of up to ¥5,000,000,000. The acquisition period is from 4 November 2026 to 21 December 2026.
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥25 million, Other ¥7 million / Extraordinary loss Loss on disposal of fixed assets ¥11 million, Impairment Loss on Investment Securities ¥15 million, Impairment loss on shares of subsidiaries and affiliates ¥15 million, Other ¥2 million
Depreciation and amortization¥2,151 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End179,072,146 Shares
Treasury Shares at Period-End416,933 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥831,293 million (YoY +44.5%) |
| Operating profit | ¥33,518 million (YoY +91.5%) |
| Ordinary income | ¥32,751 million (YoY +122.4%) |
| Profit attributable to owners of the parent | ¥22,278 million (YoY +102.1%) |
| Net income per share | ¥124.74 |
| Equity ratio | End of the current fiscal period 34.9% / End of previous period 39.8% |
| Total assets | ¥840,288 million |
| Net assets | ¥305,865 million |
| Cash flows from operating activities | ¥-32,569 million |
| Cash flows from investing activities | ¥-2,346 million |
| Cash flows from financing activities | ¥34,468 million |
| Cash and cash equivalents at end of period | ¥53,206 million |
| Full-year earnings forecast | Net Sales ¥1,670,000 million (YoY +37.5%) / Operating profit ¥67,500 million (YoY +60.9%) / Ordinary income ¥66,000 million (YoY +76.5%) / Profit attributable to owners of the parent ¥46,000 million (YoY +65.7%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥1,670,000 million / Operating profit Not disclosed → ¥67,500 million / Ordinary income Not disclosed → ¥66,000 million / Profit attributable to owners of the parent Not disclosed → ¥46,000 million |
| Annual Dividend Forecast | ¥70 → ¥90 |
| Shareholder Return Policy | Stable and consistent dividends based on a target consolidated dividend on equity (DOE) of 5%, with a target total payout ratio of 40–50% |
| Segment revenue | Semiconductor Business ¥721,339 million (YoY +46.7%) / Cybersecurity Business ¥105,887 million (YoY +31.3%) / CPS Solutions business ¥4,066 million (YoY +25.9%) |
| Segment profit | Semiconductor Business ¥29,258 million (YoY +117.1%) / Cybersecurity Business ¥8,907 million (YoY +14.8%) / CPS Solutions business ¥-4,647 million |
| Depreciation and amortization | ¥2,151 million |
| Impairment loss | No applicable matters |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥25 million, Other ¥7 million / Extraordinary loss Loss on disposal of fixed assets ¥11 million, Impairment Loss on Investment Securities ¥15 million, Impairment loss on shares of subsidiaries and affiliates ¥15 million, Other ¥2 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not applicable / Excluded Number of companies 0 / Company name Not applicable |
| Material subsequent events | At a meeting of the Board of Directors held on 2 November 2026, the Company resolved to acquire up to 1,600,000 shares of treasury stock, for a total acquisition cost of up to ¥5,000,000,000. The acquisition period is from 4 November 2026 to 21 December 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 179,072,146 Shares |
| Treasury Shares at Period-End | 416,933 Shares |
| Factors Behind Changes in Business Performance | In the Semiconductor business, capital investment driven by AI demand and the recovery in demand for semiconductor manufacturing equipment, factory automation machine tools, automotive applications and AI servers contributed to results. In the Cybersecurity business, demand driven by large-scale incidents, the expanded use of cloud services and the adoption of zero-trust security contributed to results. In the CPS Solutions business, revenue and profit fell below plan due to the prolonged rollout of autonomous EV buses and the customer's cancellation of vehicle development. |
Items this document does not state (4)
Operating MarginPayout ratioRegional salesOrders received and order backlog
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.Demand for semiconductors, particularly for AI-related applications, demand for cybersecurity, and the recovery in the industrial equipment and automotive markets contributed to results. In the CPS Solutions business, however, expenses were recognized ahead of sales revenue due to the prolonged rollout of autonomous EV buses and the customer's cancellation of vehicle development.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.