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Minato Holdings (6862) · InitiativeAdvanced

Making Sunmax Technologies a Subsidiary and Diversifying the Semiconductor Business

First written in FY2016. 19 of 34 entries say "Advanced", first in FY2017-Q2. Latest entry: 2026-08-10.

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ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2019-Q3OtherFY2023-Q1 – FY2024-Q32016: 320162017: 420172018: 420182019: 320192020: 320202021: 420212022: 420222023: 320232024: 220242025: 120252026: 32026
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  1. 2026-08-10AdvancedResults presentation

    「Amid continued price increases in the general-purpose DRAM and NAND flash memory market, we worked to ensure stable product supplies and achieved substantial increases in revenue and profit.」

    Digital Devices recorded substantial first-quarter increases in net sales and operating profit, supported by higher memory prices, sales of secured inventory and additional procurement.
  2. FY2026AdvancedAnnual report

    「As a result, sales rose 59.4% year on year to ¥22,255 million, while operating profit increased 188.4% to ¥4,262 million.」

    The digital device business reported substantial increases in sales and operating profit against a backdrop of higher market prices driven by memory production for generative AI and stable procurement from major suppliers.
  3. 2026-03-25AdvancedRevision of earnings forecasts

    「The Digital Devices segment has contributed to the growth of our group’s consolidated results. Even after the announcement dated 10 February 2026 concerning revisions to the earnings forecast, strong performance in the segment has continued to drive results higher.」

    Continued strong performance in Digital Devices was identified as a factor behind the additional upward revision to the full-year consolidated earnings forecast.
  4. FY2026-H1Rising memory prices limited the decline in sales and profitAnnual report

    「Performance was affected by the reversal of large spot projects and high-margin projects recorded in the same quarter of the previous year. However, rising memory prices boosted sales and profit, and efforts to strengthen transactions with existing customers and accumulate new projects helped limit the declines in sales and profit from the previous year. As a result, sales were ¥6,361 million, down 9.2% year on year, and operating profit was ¥686 million, down 19.0%.」

    Sales and profit declined due to the reversal of large spot projects, but rising memory prices, stronger transactions with existing customers and accumulated new projects limited the decline.
  5. FY2025-H1AdvancedAnnual report

    「Meanwhile, sales exceeded the previous year due to orders for large spot projects, rising memory prices and the acquisition of new projects. As a result, segment sales rose 81.5% year on year to ¥7,008 million, while segment profit (operating profit) increased 163.3% to ¥848 million.」

    Although semiconductor memory demand recovered only modestly and inventory adjustments continued, digital device sales and segment profit substantially exceeded the previous year due to orders for large spot projects, rising memory prices and the acquisition of new projects.
  6. FY2024-Q3Lower demand led to lower sales and profit, while branded products improved marginsAnnual report

    「Margins improved, primarily for the company’s branded memory module products, contributing to an improvement in the segment profit margin. As a result, digital device segment sales declined 20.2% year on year to ¥6,148 million, while segment profit (operating profit) declined 17.3% to ¥557 million.」

    Weak demand for PCs, servers and other products and customer inventory adjustments led to lower sales and profit, while margins improved, primarily for the company’s branded memory module products.
  7. FY2024-Q2RestatedAnnual report

    「Although DRAM and NAND, the semiconductor memory products that are the principal procured components for the main products, DIMMs (Dual Inline Memory Modules) and SSDs (Solid State Drives), continued to face production cuts by DRAM and NAND manufacturers from the previous fiscal year, demand from major server, PC and smartphone manufacturers did not fully recover, and semiconductor memory market prices continued to decline. Among the company’s customers, PC manufacturers’ unit sales remained sluggish due to the reversal of the stay-at-home demand surge during the pandemic, while industrial customers continued to adjust inventories. As a result, digital device segment sales declined 28.1% year on year to ¥3,860 million, and segment profit (operating profit) declined 32.1% to ¥322 million.」

    Digital devices reported lower sales and profit as DRAM and NAND prices declined, demand recovery among major customers was delayed, and inventory adjustments by industrial customers continued. This reconfirmed the weak demand and inventory adjustments indicated in the previous quarter.
  8. FY2024-Q1Continued demand declines led to lower sales and profit, while branded products helped protect profitAnnual report

    「Sales fell below the previous year due to lower demand, including inventory adjustments by customer companies. However, new projects and sales of the company’s high-margin branded memory module products contributed to maintaining profit. As a result, segment sales in digital devices declined 33.9% year on year to ¥2,102 million, while segment profit declined 22.1% to ¥224 million.」

    Against a backdrop of inventory adjustments for PCs, servers and other products, sales declined 33.9% year on year and segment profit declined 22.1%, while new projects and sales of high-margin branded products contributed to protecting profit.
  9. FY2023-Q3Profit increased as demand declined but proprietary products remained stableAnnual report

    「Customer companies’ efforts to secure components, which had advanced amid the global semiconductor shortage, eased, and demand for both the company’s core industrial-use memory modules and personal PC memory modules trended lower. Sales of the company’s high-margin branded memory module products remained stable. As a result, segment sales in the memory module business declined 7.8% year on year to ¥7,516 million, while segment profit increased 37.3% to ¥673 million.」

    Demand and sales trended lower against a backdrop of easing component procurement and inventory adjustments, while stable sales of high-margin branded products drove an increase in segment profit.
  10. FY2023-Q2Demand declined due to inventory adjustments, while high-margin proprietary products remained stableAnnual report

    「Customer companies’ efforts to secure components, which had advanced amid the global semiconductor shortage, eased, and demand for both the company’s core industrial-use memory modules and personal PC memory modules began to decline due to inventory adjustments. However, during the cumulative consolidated period through the second quarter, sales of the company’s high-margin branded memory module products remained stable. As a result, segment sales in the memory module business declined 6.0% year on year to ¥5,249 million, while segment profit increased 33.9% to ¥473 million.」

    Demand and sales declined as component procurement eased and inventory adjustments continued, while stable sales of high-margin branded products drove an increase in segment profit.
  11. FY2023-Q1Profit increased despite lower salesAnnual report

    「As a result, segment sales in the memory module business were ¥3,105 million, down 9.2% year on year, while segment profit was ¥286 million, up 37.3%.」

    The memory module business saw sales decline 9.2% year on year, while segment profit increased 37.3%, resulting in divergent trends in sales and profit.
  12. FY2022AdvancedAnnual report

    「As a result, segment sales rose 21.0% year on year to ¥10,978 million, while segment profit (operating profit) increased 62.7% to ¥726 million.」

    The memory module business generated sales of ¥10,978 million and segment profit of ¥726 million, resulting in higher sales and profit against a backdrop of demand for the company’s branded industrial-use products.
  13. FY2022-Q3AdvancedAnnual report

    「Although demand for memory modules for personal PCs showed signs of easing, sales remained strong as the company focused on procuring and expanding sales of DRAM and other memory products by leveraging its sales capabilities and network. Demand also remained firm for high-margin industrial-use memory modules used in semiconductor inspection equipment, machine tools and robots, driving increases in both sales and profit. As a result, segment sales rose 26.1% year on year to ¥8,153 million, while segment profit (operating profit) increased 69.2% to ¥490 million.」

    Despite easing demand for personal PCs, the memory module business delivered higher sales and profit on procurement and expanded sales of DRAM and other products through its sales capabilities and network, as well as demand for industrial-use products.
  14. FY2022-Q2AdvancedAnnual report

    「During the cumulative consolidated period through the second quarter, concerns about a global semiconductor shortage increased customer companies’ efforts to secure components, and demand remained strong for both the company’s core industrial-use memory modules and personal PC memory modules. In addition to continued robust demand for PCs related to telework and stay-at-home consumption, inquiries from customer companies whose business had declined under the pandemic in the previous fiscal year recovered, and sales of the company’s high-margin memory module products used in semiconductor inspection equipment, machine tools and robots were also strong. As a result, segment sales rose 26.0% year on year to ¥5,586 million, while segment profit (operating profit) increased 74.4% to ¥353 million.」

    Demand for industrial and personal PC applications, customer inquiries and sales of the company’s memory module products remained strong, resulting in substantial increases in both segment sales and profit.
  15. FY2022-Q1AdvancedAnnual report

    「During the cumulative consolidated period through the first quarter, concerns about a global semiconductor shortage increased customer companies’ efforts to secure components, and demand remained strong for both the company’s core industrial-use memory modules and personal PC memory modules. In addition to continued robust demand for PCs related to telework and stay-at-home consumption, inquiries from customer companies whose business had declined under the pandemic in the previous fiscal year also began to recover. As a result, both sales and profit exceeded the previous year. Segment sales rose 27.2% year on year to ¥3,420 million, while segment profit (operating profit) increased 30.7% to ¥208 million, resulting in higher sales and profit.」

    Demand to secure components amid the semiconductor shortage, telework and PC demand, and the recovery in customer inquiries drove the memory module business to sales of ¥3,420 million and segment profit of ¥208 million, resulting in higher sales and profit.
  16. FY2021Lower demand in the first half led to full-year declines in sales and profit; recovery trend in the second halfAnnual report

    「Sales remained firm in the second half of the fiscal year as demand from customer companies showed signs of recovery. For the full year, however, this was not enough to offset the decline in the first half caused by the pandemic, and both sales and profit were below the previous year. As a result, segment sales were ¥9,072 million, down 9.6% year on year, and segment profit (operating profit) was ¥446 million, down 33.4%.」

    The memory module business showed signs of recovery in the second half of the fiscal year, but sales and profit declined for the full year. The company also worked to capture demand from personal PCs and GIGA School projects and to develop new customers and expand sales of new products.
  17. FY2021-Q3Industrial applications showed signs of recovery, while personal PC demand remained firm and office demand was weakAnnual report

    「Inventory adjustments, production cuts and delayed investment by customer companies have continued for the company’s core industrial-use memory modules, reflecting lower demand caused by the spread of COVID-19, although some signs of recovery have begun to emerge. Demand for memory modules for personal PCs remained firm in connection with telework, while demand for office PCs was weak as telework advanced. Under these conditions, the company focused on developing new customers and expanding sales of new memory-related products to increase future earnings.」

    Inventory adjustments, production cuts and delayed investment continued in industrial applications, although some signs of recovery emerged. Demand for personal PCs remained firm on telework demand, while office PC demand was weak, and the company focused on developing new customers and expanding sales of new products.
  18. FY2021-Q2Higher demand for personal PCs coincided with lower industrial demandAnnual report

    「During the cumulative consolidated period through the second quarter, demand for memory modules for personal PCs remained firm as telework-related demand continued, and sales increased year on year. However, sales of memory modules for industrial applications declined due to customer inventory adjustments, production cuts and delayed investment resulting from lower demand caused by the spread of COVID-19.」

    In the memory module business, sales for personal PCs related to telework increased, while sales for industrial applications declined due to inventory adjustments, production cuts and delayed investment.
  19. FY2021-Q1AdvancedAnnual report

    「During the cumulative consolidated period through the first quarter, demand remained firm for telework-related products and online services such as video and gaming, increasing sales of PC memory modules and SSDs as well as gaming headsets and keyboards. As a result, segment sales rose 9.2% year on year to ¥2,688 million, while segment profit (operating profit) increased 21.1% to ¥159 million, resulting in higher sales and profit.」

    Against a backdrop of demand from telework and online services such as video and gaming, sales of gaming headsets and keyboards increased in addition to memory modules and SSDs. Segment sales rose 9.2% and profit increased 21.1%.
  20. FY2020-Q3Profit increased despite lower sales; PC replacement demand contributedAnnual report

    「Amid these conditions, segment sales declined ¥3,525 million, or 32.0%, year on year to ¥7,492 million. However, sales of DIMMs and SSDs to domestic PC manufacturers increased partly because demand for PC replacements rose following the end of Windows 7 support in January this year. Segment profit (operating profit) therefore rose ¥78 million, or 25.0%, year on year to ¥393 million.」

    The memory module-related business saw sales decline 32.0%, while segment profit increased 25.0%. Growth in DIMM and SSD sales to domestic PC manufacturers following the end of Windows 7 support was cited as a factor behind the increase in profit.
  21. FY2020-Q2RestatedAnnual report

    「Amid these conditions, sales of DIMMs and SSDs to domestic PC manufacturers increased as demand for PC replacements rose ahead of Windows 7 support ending in January next year. As a result, segment sales declined ¥2,844 million, or 37.3%, year on year to ¥4,786 million, while segment profit (operating profit) rose ¥66 million, or 38.2%, to ¥242 million.」

    The memory module-related business saw sales decline 37.3%, while segment profit increased 38.2%. Sales of DIMMs and SSDs to domestic PC manufacturers grew on replacement demand following the end of Windows 7 support.
  22. FY2020-Q1Sales declined, but profit increased; product diversification continuedAnnual report

    「Amid these conditions, the company focused on selling flash products to domestic smartphone manufacturers and products other than DIMMs and SSDs. As a result, segment sales declined ¥1,694 million, or 40.8%, year on year to ¥2,461 million, while segment profit (operating profit) rose ¥42 million, or 48.0%, to ¥131 million.」

    The company focused on selling flash products to domestic smartphone manufacturers and products other than DIMMs and SSDs, but segment sales declined 40.8%. Segment profit, meanwhile, increased 48.0%.
  23. FY2019-Q3AdvancedAnnual report

    「Amid these conditions, the company focused on selling flash products to domestic smartphone manufacturers and products other than DIMMs and SSDs. As a result, segment sales were ¥11,017 million, a substantial ¥2,368 million, or 27.4%, increase from the same quarter of the previous year. Segment profit (operating profit) was ¥315 million, up ¥32 million, or 11.6%, from the same quarter of the previous year.」

    The memory module-related business focused on selling flash products to domestic smartphone manufacturers and products other than DIMMs and SSDs, generating sales of ¥11,017 million and segment profit of ¥315 million.
  24. FY2019-Q2AdvancedAnnual report

    「As a result, segment sales were ¥7,631 million, a ¥2,600 million, or 51.7%, increase from the same quarter of the previous year. Segment profit (operating profit) was ¥175 million, up ¥47 million, or 36.9%, from the same quarter of the previous year.」

    The memory module-related business generated sales of ¥7,631 million and segment profit of ¥175 million, with both sales and profit increasing year on year.
  25. FY2019-Q1AdvancedAnnual report

    「As a result, segment sales were ¥4,156 million, a substantial ¥2,055 million, or 97.8%, increase from the same quarter of the previous year. Segment profit (operating profit) was ¥89 million, a substantial ¥47 million, or 115.5%, increase from the same quarter of the previous year.」

    The memory module-related business generated cumulative first-quarter sales of ¥4,156 million and segment profit of ¥89 million, with both sales and profit expanding substantially year on year.
  26. FY2018AdvancedAnnual report

    「As a result, segment sales were ¥11,826 million, a substantial ¥5,825 million, or 97.1%, increase from the previous consolidated fiscal year. Segment profit (operating profit) was ¥391 million, up ¥71 million, or 22.2%, from the previous consolidated fiscal year.」

    The memory module-related business generated sales of ¥11,826 million and segment profit of ¥391 million, with the business scale expanding further following the acquisition.
  27. FY2018-Q3AdvancedAnnual report

    「As a result, segment sales were ¥8,648 million, a substantial ¥4,624 million, or 114.9%, increase from the same quarter of the previous year. Segment profit (operating profit) was ¥282 million, up ¥22 million, or 8.9%, from the same quarter of the previous year.」

    The memory module-related business generated cumulative nine-month sales of ¥8,648 million and segment profit of ¥282 million, expanding substantially from the previous year.
  28. FY2018-Q2AdvancedAnnual report

    「Although procurement prices rose due to component shortages, margins have improved from the first quarter as higher costs were increasingly passed through to selling prices. As a result, segment sales were ¥5,030 million, a substantial ¥2,678 million, or 113.9%, increase from the same quarter of the previous year. Segment profit (operating profit) was ¥127 million, up ¥3 million, or 2.9%, from the same quarter of the previous year.」

    The memory module-related business generated sales of ¥5,030 million and segment profit of ¥127 million. The increasing pass-through of higher component procurement costs to selling prices improved margins from the first quarter.
  29. FY2018-Q1AdvancedAnnual report

    「As a result, segment sales were ¥2,101 million, a substantial ¥789 million, or 60.2%, increase from the same quarter of the previous year. However, higher procurement prices caused by component shortages squeezed profit, and segment profit (operating profit) was ¥41 million, a ¥28 million, or 40.6%, decline from the same quarter of the previous year.」

    The memory module-related business centered on サンマックス・テクノロジーズ generated sales of ¥2,101 million and segment profit of ¥41 million. Sales expanded substantially, but higher procurement prices due to component shortages squeezed profit.
  30. FY2017AdvancedAnnual report

    「As a result, segment sales were ¥6,001 million and segment profit (operating profit) was ¥320 million.」

    The memory module-related business centered on サンマックス・テクノロジーズ generated full-year sales of ¥6,001 million and segment profit of ¥320 million.
  31. FY2017-Q3AdvancedAnnual report

    「From the cumulative consolidated period through the third quarter, サンマックス・テクノロジーズ株式会社 was included in the scope of consolidation, and the company began operating a new memory module-related business. As a result, segment sales were ¥4,024 million and segment profit (operating profit) was ¥259 million.」

    The memory module business centered on サンマックス・テクノロジーズ became established as a consolidated business, generating sales of ¥4,024 million and segment profit of ¥259 million.
  32. FY2017-Q2AdvancedAnnual report

    「From the cumulative consolidated period through the second quarter, サンマックス・テクノロジーズ株式会社 was included in the scope of consolidation, and the company began operating a new memory module-related business. In this segment, prices for DRAM and NAND, the principal procured components for DIMMs (Dual Inline Memory Modules) and SSDs (Solid State Drives), had been declining since last year but have recently begun to stabilize. However, sales came in below the initial forecast due to lower production by domestic industrial equipment manufacturers. As a result, segment sales were ¥2,351 million and segment profit (operating profit) was ¥124 million.」

    The acquired サンマックス・テクノロジーズ began operating as a new consolidated segment, generating sales of ¥2,351 million and segment profit of ¥124 million.
  33. FY2017-Q1AchievedAnnual report

    「The share transfer was completed on 5 April 2016.」

    The acquisition of サンマックス・テクノロジーズ was completed through the execution of the share transfer, adding memory module-related operations as a new consolidated segment. Cross-selling continues to be cited as a possibility.
  34. FY2016First statedAnnual report

    「The transaction was expected to expand and diversify the business areas of the company and the target company in semiconductor-related fields. In addition, because the two companies have multiple overlapping customers, there was potential for cross-selling to increase sales by recommending products that each company had not previously offered to the respective customers.」

    Sunmax Technologies became a wholly owned subsidiary on 5 April 2016. The stated reasons for the acquisition were collaboration with the memory module business, diversification of business areas, and cross-selling to customers. The company was described as having maintained average annual sales of approximately ¥7 billion and ordinary profit of approximately ¥300 million for several years.
Moved together

"Sales Growth and Securing Profitability" moved the same way as this thread, in the same document, in 17 of its 34 moves.

171413121110★123456
  1. ★This thread
  2. 1Sales Growth and Securing Profitability17×
  3. 2Expansion of Auto Handlers for Automotive and Industrial Equipment Applications and High-Value-Added Products14×
  4. 3Expansion of Business Domains through M&A and Business Alliances13×
  5. 4Rebuilding the Business Base through Organic and Inorganic Growth12×
  6. 5Funding Through Borrowings and Syndicated Loans11×
  7. 6Expansion of applications in anticipation of the Tokyo Olympics and inbound tourism10×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Making Sunmax Technologies a Subsidiary and Diversifying the Semiconductor Business | MINATO HOLDINGS INC. (6862) | Komori