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Presentation materials for financial results6941YAMAICHI ELECTRONICS CO.,LTD.Electrical Equipment and Precision Instruments

Materials for the Financial Results Briefing for the Fiscal Year Ending March 2026

For the fiscal year ended March 2026, revenue, operating income, ordinary income and net income all exceeded the previous year, setting new record highs for the full-year consolidated results. The targets for the final year of the Fourth Medium-Term Management Plan were also achieved for revenue and operating income, and the company expects higher revenue and earnings for the fiscal year ending March 2027.

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Contents of this document

Presentation materials for financial resultsFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales526 Hundreds of millions of yen+16.3%
Operating profit115.5 Hundreds of millions of yen+40.5%
Ordinary income121.2 Hundreds of millions of yen+57.7%
Net income90.7 Hundreds of millions of yen+73.1%
Full-year earnings forecast
Net Sales
600 Hundreds of millions of yen
Operating profit
130 Hundreds of millions of yen
Ordinary income
128 Hundreds of millions of yen
Net income for the current fiscal year
92 Hundreds of millions of yen
EPS
¥498.46
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Year-on-year foreign exchange impact on revenue2.3 Hundreds of millions of yen
  • Year-on-year foreign exchange impact on operating income-1.7 Hundreds of millions of yen
  • Impact on TS business earnings from higher prices of raw materials, including gold and copper-6 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • USD exchange rate¥150
  • EUR exchange rate¥175
New initiatives
  • Installation and commencement of operations of solar panels at a new production site in the Philippines, PMI's third plant
  • Building the Next-Generation Core System
  • Focus on expanding business opportunities for AI-related products and products for PCs and servers
Key KPIsA metric the company considers important as a management benchmark.
  • EPS¥492.25
    Year on year against the same period last year+232.8%
  • BPS¥2,521.98
    Year on year against the same period last year+484.4%
  • ROE21.1 %
    Year on year against the same period last year+7.6%
  • Consolidated payout ratio30.1 %
    Year on year against the same period last year-4.2%
  • Total Payout Ratio51.1 %
    Year on year against the same period last year-30.5%
Segment results
TS business
Net Sales
264 Hundreds of millions of yen+5.2%
Operating profit
70 Hundreds of millions of yen-1.4%
CS business
Net Sales
247 Hundreds of millions of yen+30.6%
Operating profit
44 Hundreds of millions of yen+263.2%
OPT business
Net Sales
15 Hundreds of millions of yen+23.9%
Operating profit
2 Hundreds of millions of yen
Medium-term management plan targets
Consolidated revenue¥139.0 billion (cumulative over 3 years) / ¥50.0 billion in the final year
Consolidated operating profit¥25.0 billion (cumulative over 3 years) / ¥10.0 billion in the final year
Capital Expenditure¥14.0 billion (cumulative over 3 years)
Target fiscal yearFiscal year ending March 2026
Financial targets
ROE10% or higher (target), 21.1% (actual for the fiscal year ended March 2026)
Consolidated payout ratio30% (target), 30.1% (actual for the fiscal year ended March 2026)
Total payout ratio40% or higher (target), 51.1% (actual for the fiscal year ended March 2026)
Capital expenditures
40.4 Hundreds of millions of yen
Annual Dividend
Annual dividend per share¥148
Interim Dividend¥35
Year-end dividend¥113
Payout ratio
Consolidated payout ratio30.1 %
Total payout ratio51.1 %
Acquisition of treasury shares
Maximum number of shares to be acquired1,250,000
Maximum acquisition amount2,500,000,000
Number of shares acquired1,004,400
Acquisition price1,906,971,200
Period3 April 2025 to 16 April 2025
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026, full year
Net Sales526 Hundreds of millions of yen (YoY +16.3%)
Operating profit115.5 Hundreds of millions of yen (YoY +40.5%)
Ordinary income121.2 Hundreds of millions of yen (YoY +57.7%)
Net income90.7 Hundreds of millions of yen (YoY +73.1%)
Full-year earnings forecastNet Sales 600 Hundreds of millions of yen / Operating profit 130 Hundreds of millions of yen / Ordinary income 128 Hundreds of millions of yen / Net income for the current fiscal year 92 Hundreds of millions of yen / EPS ¥498.46
Segment resultsTS business Net Sales 264 Hundreds of millions of yen (YoY +5.2%) / Operating profit 70 Hundreds of millions of yen (YoY -1.4%) / CS business Net Sales 247 Hundreds of millions of yen (YoY +30.6%) / Operating profit 44 Hundreds of millions of yen (YoY +263.2%) / OPT business Net Sales 15 Hundreds of millions of yen (YoY +23.9%) / Operating profit 2 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeFactors Year-on-year foreign exchange impact on revenue / Amount 2.3 Hundreds of millions of yen, Factors Year-on-year foreign exchange impact on operating income / Amount -1.7 Hundreds of millions of yen, Factors Impact on TS business earnings from higher prices of raw materials, including gold and copper / Amount -6 Hundreds of millions of yen
Key KPIsIndicator name EPS / Value ¥492.25 / Year on year against the same period last year ¥232.78, Indicator name BPS / Value ¥2,521.98 / Year on year against the same period last year ¥484.36, Indicator name ROE / Value 21.1 % / Year on year against the same period last year 7.6 %, Indicator name Consolidated payout ratio / Value 30.1 % / Year on year against the same period last year -4.2 %, Indicator name Total Payout Ratio / Value 51.1 % / Year on year against the same period last year -30.5 %
Assumptions Underlying the Business OutlookItem USD exchange rate / Value ¥150, Item EUR exchange rate / Value ¥175
Medium-term management plan targetsConsolidated revenue ¥139.0 billion (cumulative over 3 years) / ¥50.0 billion in the final year / Consolidated operating profit ¥25.0 billion (cumulative over 3 years) / ¥10.0 billion in the final year / Capital Expenditure ¥14.0 billion (cumulative over 3 years) / Target fiscal year Fiscal year ending March 2026
Financial targetsROE 10% or higher (target), 21.1% (actual for the fiscal year ended March 2026) / Consolidated payout ratio 30% (target), 30.1% (actual for the fiscal year ended March 2026) / Total payout ratio 40% or higher (target), 51.1% (actual for the fiscal year ended March 2026)
Annual DividendAnnual dividend per share ¥148 / Interim Dividend ¥35 / Year-end dividend ¥113
Payout ratioConsolidated payout ratio 30.1 % / Total payout ratio 51.1 %
Acquisition of treasury sharesMaximum number of shares to be acquired 1,250,000 / Maximum acquisition amount 2,500,000,000 / Number of shares acquired 1,004,400 / Acquisition price 1,906,971,200 / Period 3 April 2025 to 16 April 2025
Capital expenditures40.4 Hundreds of millions of yen
New initiativesInstallation and commencement of operations of solar panels at a new production site in the Philippines, PMI's third plant, Building the Next-Generation Core System, Focus on expanding business opportunities for AI-related products and products for PCs and servers
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookOrders received and order backlogMarket Size / ShareKey points of the Q&A

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.

The company cited increased sales of products for communications equipment and data centers, strong sales of test sockets, and the bottoming out of inventory adjustments by European customers as factors driving higher revenue and earnings. Weak demand related to automobiles and EVs, delayed investments, and soaring raw material prices, including gold and copper, were cited as negative factors.

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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.
Materials for the Financial Results Briefing for the Fiscal Year Ending March 2026 | YAMAICHI ELECTRONICS CO.,LTD. (6941) timely disclosure | Komori