Komori
Financial results presentation6963ROHM COMPANY LIMITEDElectrical and Precision Instruments

FY2026 1H Financial Results Briefing

FY2026 1H revenue and earnings increased, with operating profit improving significantly year on year. In response to strong demand for automobiles, industrial machinery and AI servers, as well as progress in structural reforms, the full-year forecasts for revenue, operating profit and net income were revised upward.

Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
200
¥100 million (upward revision to the initial operating profit forecast)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFY2026 1H (FY2026 first half, following the presentation materials rather than the fiscal year ending March 2026)12 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥2,795 billion+14.4%
Operating profit¥175 billion+128.5%
Net income¥156 billion+51.0%
Operating profit margin6.3 %
Results for the three months of the current quarter
Net Sales
¥1,437 billion+12.3%
Operating profit
¥79 billion
Full-year earnings forecast
Net Sales
¥5,500 billion
Operating profit
¥500 billion
Net income
¥450 billion
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Upward revision to earnings forecasts
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
FY2026 1H operating profit YoYRevenue growth and foreign exchange impact: +¥35.2 billion; materials costs and inventory impact: ▲¥26.2 billion; lower fixed costs and foreign exchange impact: +¥0.8 billion
Breakdown
  • Revenue Growth+¥35.2 billion
  • Foreign exchange impact (on the revenue growth side)+¥12.8 billion
  • Material costs▲¥29.0 billion
  • Inventory impact+¥2.8 billion
  • Labor costsNegative ¥2.2 billion
  • Depreciation and amortization+¥7.3 billion
  • Expenses-¥3.3 billion
  • R&D spending+¥2.1 billion
  • Other SG&AOperating loss of ¥3.1 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • ¥156.78 /US$
    ComparisonFY2026 full-year average exchange rate
  • ¥150.97 /US$
    ComparisonFY2025 full-year actual average exchange rate
  • ¥160.02 /US$
    ComparisonFY2026 1H average exchange rate
New initiatives
  • Expanding production capacity to meet demand for AI servers
  • Beginning mass production of 8-inch fifth-generation SiC MOSFETs at the Chikugo Plant
  • 8-inch device production at the Miyazaki No. 2 Plant is scheduled to begin in FY2027 2Q
  • Initiatives to bring forward the timing of profitability for the SiC business by one year, from FY2028 to FY2027
  • Expanding sales of second-generation DrMOS and developing next-generation processes
  • Switching from gold to copper wire, reorganizing sites, withdrawing from unprofitable products and raising prices, and introducing a new pricing system
Key KPIsA metric the company considers important as a management benchmark.
  • SiC business revenue (excluding the wafer business)YoY +55%
  • Server-related revenueYoY +66%
  • Overseas revenue ratio47.2 %
    Year on year against the same period last yearUp from 46.9%
  • Inventory turnover in months for merchandise and finished goods2.2 months
    Year on year against the same period last yearPrior-year comparable figure not provided
  • SiC business sales growth rate>+30%
Segment results
  • LSI
    Sales¥1,288 billion (YoY +12.8%)
    Profit¥176 billion (YoY +35.5%)
  • Semiconductor devices
    Sales¥1,207 billion (YoY +20.7%)
    Profit¥-44 billion
  • Modules
    Sales¥164 billion (YoY -4.4%)
    Profit¥17 billion (YoY -30.0%)
  • Other
    Sales¥136 billion (YoY +5.2%)
    Profit¥18 billion (YoY -10.3%)
Medium-term management plan targets
  • TargetOperating profit improvement from structural reforms
    Target fiscal yearFY2026
    Target value>¥40 billion
  • TargetOperating profit improvement from structural reforms
    Target fiscal yearFY2027
    Target value>¥70 billion
  • TargetOperating profit improvement from structural reforms
    Target fiscal yearFY2028
    Target value>>¥100 billion
  • TargetServer-related revenue
    Target fiscal yearFY2026
    Target value>¥30 billion
  • TargetServer-related revenue
    Target fiscal yearFY2028
    Target value>¥100 billion
Orders received and order backlog
The company stated that order backlog has increased, but the amount is Not disclosed.
Capital expenditures
¥824 100 million FY2026 1H
Annual Dividend
Annual Dividend¥50 /share
Interim¥25 /share
End of period¥25 /share
Payout ratio
43
Acquisition of treasury shares
The company reported a ¥20 billion share buyback in FY2023 as a past result. The FY2026 planned buyback amount is Not disclosed.
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2026 1H (FY2026 first half, following the presentation materials rather than the fiscal year ending March 2026)
Net Sales¥2,795 billion (YoY +14.4%)
Operating profit¥175 billion (YoY +128.5%)
Net income¥156 billion (YoY +51.0%)
Operating profit margin6.3 %
Results for the three months of the current quarterNet Sales ¥1,437 billion (YoY +12.3%) / Operating profit ¥79 billion
Full-year earnings forecastNet Sales ¥5,500 billion / Operating profit ¥500 billion / Net income ¥450 billion
Self-assessment against the planUpward revision to earnings forecasts
Segment resultsSegment LSI / Sales ¥1,288 billion (YoY +12.8%) / Profit ¥176 billion (YoY +35.5%), Segment Semiconductor devices / Sales ¥1,207 billion (YoY +20.7%) / Profit ¥-44 billion, Segment Modules / Sales ¥164 billion (YoY -4.4%) / Profit ¥17 billion (YoY -30.0%), Segment Other / Sales ¥136 billion (YoY +5.2%) / Profit ¥18 billion (YoY -10.3%)
Breakdown of Factors Affecting the ChangeFY2026 1H operating profit YoY Revenue growth and foreign exchange impact: +¥35.2 billion; materials costs and inventory impact: ▲¥26.2 billion; lower fixed costs and foreign exchange impact: +¥0.8 billion / Breakdown Factors Revenue Growth / Amount +¥35.2 billion, Factors Foreign exchange impact (on the revenue growth side) / Amount +¥12.8 billion, Factors Material costs / Amount ▲¥29.0 billion, Factors Inventory impact / Amount +¥2.8 billion, Factors Labor costs / Amount Negative ¥2.2 billion, Factors Depreciation and amortization / Amount +¥7.3 billion, Factors Expenses / Amount -¥3.3 billion, Factors R&D spending / Amount +¥2.1 billion, Factors Other SG&A / Amount Operating loss of ¥3.1 billion
Key KPIsIndicator SiC business revenue (excluding the wafer business) / Value YoY +55%, Indicator Server-related revenue / Value YoY +66%, Indicator Overseas revenue ratio / Value 47.2 % / Year on year against the same period last year Up from 46.9%, Indicator Inventory turnover in months for merchandise and finished goods / Value 2.2 months / Year on year against the same period last year Prior-year comparable figure not provided, Indicator SiC business sales growth rate / Value >+30%
Assumptions Underlying the Business OutlookComparison FY2026 full-year average exchange rate / Value ¥156.78 /US$, Comparison FY2025 full-year actual average exchange rate / Value ¥150.97 /US$, Comparison FY2026 1H average exchange rate / Value ¥160.02 /US$
Medium-term management plan targetsTarget Operating profit improvement from structural reforms / Target fiscal year FY2026 / Target value >¥40 billion, Target Operating profit improvement from structural reforms / Target fiscal year FY2027 / Target value >¥70 billion, Target Operating profit improvement from structural reforms / Target fiscal year FY2028 / Target value >>¥100 billion, Target Server-related revenue / Target fiscal year FY2026 / Target value >¥30 billion, Target Server-related revenue / Target fiscal year FY2028 / Target value >¥100 billion
Annual DividendAnnual Dividend ¥50 /share / Interim ¥25 /share / End of period ¥25 /share
Payout ratio43
Acquisition of treasury sharesThe company reported a ¥20 billion share buyback in FY2023 as a past result. The FY2026 planned buyback amount is Not disclosed.
Capital expenditures¥824 100 million (FY2026 1H)
Orders received and order backlogThe company stated that order backlog has increased, but the amount is Not disclosed.
New initiativesExpanding production capacity to meet demand for AI servers, Beginning mass production of 8-inch fifth-generation SiC MOSFETs at the Chikugo Plant, 8-inch device production at the Miyazaki No. 2 Plant is scheduled to begin in FY2027 2Q, Initiatives to bring forward the timing of profitability for the SiC business by one year, from FY2028 to FY2027, Expanding sales of second-generation DrMOS and developing next-generation processes, Switching from gold to copper wire, reorganizing sites, withdrawing from unprofitable products and raising prices, and introducing a new pricing system
Items this document does not state (11)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsMarket 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 demand environment exceeded expectations, particularly for automobiles, industrial machinery and servers. The reasons cited were higher revenue, lower depreciation expense, the effects of price increases and cost reductions, and progress in structural reforms.

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.
FY2026 1H Financial Results Briefing | ROHM COMPANY LIMITED (6963) timely disclosure | Komori