Komori
Financial results presentation6966Mitsui High-tec,Inc.Electrical Equipment and Precision Instruments

Fiscal Year Ended January 2026, Results (Supplementary Explanatory Materials)

For the fiscal year ended January 2026, revenue increased as sales volumes of motor cores and lead frames rose, while profit declined due to upfront investments, company-wide costs and losses related to the European business. In addition, the targets of the medium-term management plan for the fiscal year ending January 2028 were revised downward to reflect delays in the recovery of the electric vehicle and semiconductor markets.

Worth reading
71In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
47000
百万円（2028年1月期中計売上高目標の下方修正額）
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFiscal year ending January 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥218,329 million+1.6%
Operating profit¥12,651 million-21.0%
Ordinary income¥13,815 million-18.5%
Net income¥3,151 million-74.2%
Operating profit margin5.8 %
Results for the three months of the current quarter
2026年1月期第4四半期（2025年11月～2026年1月）
Net Sales
¥55,347 million-2.4%
Operating profit
¥3,421 million-24.8%
Ordinary income
¥3,451 million-13.0%
Net income
¥-4,260 million-248.3%
Full-year earnings forecast
Fiscal year ending January 2027
Net Sales
¥233,000 million
Operating profit
¥11,000 million
Ordinary income
¥10,000 million
Net income
¥7,000 million
Capital expenditure
¥41,000 million
Depreciation and amortization
¥16,500 million
EBITDA
¥27,500 million
Annual Dividend
¥19
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
2026年1月期は売上高および営業利益が業績予想を達成したが、当期純利益は大幅未達
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
電機部品（建値影響）-7,715
電機部品（建値影響を除く）7,182
Electronic components (lead frames)4,174
Molds and machine tools16
Eliminations or corporate-219
Operating profit
Foreign Exchange Effects-807
Electrical components (motor cores)-2,000
Electronic components (lead frames)865
Molds and machine tools-27
Adjustments-1,397
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate during the period (US dollar)
¥150
New initiatives
  • 中期経営計画の財務目標を下方修正
  • 株主還元指標としてDOE 3.0%以上を維持
Key KPIsA metric the company considers important as a management benchmark.
  • HEV motor cores as a percentage of motor core revenue83 %
  • BEV向けモーターコア売上高構成比4 %
  • HEV motor core sales volume growth rate1 %
  • 民生向けリードフレーム売上高構成比48 %
  • 民生向けリードフレーム売上高伸長率27 %
  • モーターコア海外拠点営業利益率1.8 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
モーターコアの用途別販売数量伸長率および売上高構成比が示されている
Segment results
Electrical components (motor cores)
Net Sales
¥154,649 million-0.3%
Operating profit
¥9,821 million-18.5%
Electronic components (lead frames)
Net Sales
¥59,567 million+7.5%
Operating profit
¥4,046 million+8.5%
Molds and machine tools
Net Sales
¥10,247 million+0.2%
Operating profit
¥272 million-17.0%
Eliminations or corporate
Net Sales
¥-6,135 million
Operating profit
¥-1,488 million
Medium-term management plan targets
Target fiscal yearFiscal year ending January 2028
After revision
Net Sales
¥263,000 million
Operating profit
¥15,000 million
Operating profit margin
5.7 %
ROEAt least 8.0%
ROIC5.0% or more
設備投資額（3カ年合計）
¥96,000 million
当初目標との差異
Net Sales
¥-47,000 million
Operating profit
¥-8,500 million
Financial targets
ROE
Revised targetsAt least 8.0%
ROIC
Revised targets5.0% or more
Equity ratio
Actual results47.0%
Market Size / Share
グローバル電動車生産台数予測CAGR（2024→2027、2026年3月時点）
15.3 %
レガシー半導体市場予測CAGR（2024→2027、2026年3月時点）
4.7 %
Capital expenditures
¥30,116 million
Annual Dividend
Fiscal year ending January 2026
Annual
¥18
Interim
¥6
End of period
¥12
Forecast for the fiscal year ending January 2027
Annual
¥19
Interim
¥6
End of period
¥13
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFiscal year ending January 2026
Net Sales¥218,329 million (YoY +1.6%)
Operating profit¥12,651 million (YoY -21.0%)
Ordinary income¥13,815 million (YoY -18.5%)
Net income¥3,151 million (YoY -74.2%)
Operating profit margin5.8 %
Results for the three months of the current quarterSubject 2026年1月期第4四半期（2025年11月～2026年1月） / Net Sales ¥55,347 million (YoY -2.4%) / Operating profit ¥3,421 million (YoY -24.8%) / Ordinary income ¥3,451 million (YoY -13.0%) / Net income ¥-4,260 million (YoY -248.3%)
Full-year earnings forecastSubject Fiscal year ending January 2027 / Net Sales ¥233,000 million / Operating profit ¥11,000 million / Ordinary income ¥10,000 million / Net income ¥7,000 million / Capital expenditure ¥41,000 million / Depreciation and amortization ¥16,500 million / EBITDA ¥27,500 million / Annual Dividend ¥19
Self-assessment against the plan2026年1月期は売上高および営業利益が業績予想を達成したが、当期純利益は大幅未達
Segment resultsElectrical components (motor cores) Net Sales ¥154,649 million (YoY -0.3%) / Operating profit ¥9,821 million (YoY -18.5%) / Electronic components (lead frames) Net Sales ¥59,567 million (YoY +7.5%) / Operating profit ¥4,046 million (YoY +8.5%) / Molds and machine tools Net Sales ¥10,247 million (YoY +0.2%) / Operating profit ¥272 million (YoY -17.0%) / Eliminations or corporate Net Sales ¥-6,135 million / Operating profit ¥-1,488 million
Breakdown of Factors Affecting the ChangeNet Sales 電機部品（建値影響） -7,715 / 電機部品（建値影響を除く） 7,182 / Electronic components (lead frames) 4,174 / Molds and machine tools 16 / Eliminations or corporate -219 / Operating profit Foreign Exchange Effects -807 / Electrical components (motor cores) -2,000 / Electronic components (lead frames) 865 / Molds and machine tools -27 / Adjustments -1,397
Key KPIsIndicator name HEV motor cores as a percentage of motor core revenue / Value 83 % / Year on year against the same period last year Not disclosed, Indicator name BEV向けモーターコア売上高構成比 / Value 4 % / Year on year against the same period last year Not disclosed, Indicator name HEV motor core sales volume growth rate / Value 1 % / Year on year against the same period last year Not disclosed, Indicator name 民生向けリードフレーム売上高構成比 / Value 48 % / Year on year against the same period last year Not disclosed, Indicator name 民生向けリードフレーム売上高伸長率 / Value 27 % / Year on year against the same period last year Not disclosed, Indicator name モーターコア海外拠点営業利益率 / Value 1.8 % / Year on year against the same period last year Not disclosed
Unit price and quantity metricsモーターコアの用途別販売数量伸長率および売上高構成比が示されている
Assumptions Underlying the Business OutlookAverage exchange rate during the period (US dollar) ¥150
Medium-term management plan targetsTarget fiscal year Fiscal year ending January 2028 / After revision Net Sales ¥263,000 million / Operating profit ¥15,000 million / Operating profit margin 5.7 % / ROE At least 8.0% / ROIC 5.0% or more / 設備投資額（3カ年合計） ¥96,000 million / 当初目標との差異 Net Sales ¥-47,000 million / Operating profit ¥-8,500 million
Financial targetsROE Revised targets At least 8.0% / ROIC Revised targets 5.0% or more / Equity ratio Actual results 47.0%
Annual DividendFiscal year ending January 2026 Annual ¥18 / Interim ¥6 / End of period ¥12 / Forecast for the fiscal year ending January 2027 Annual ¥19 / Interim ¥6 / End of period ¥13
Capital expenditures¥30,116 million
Market Size / Shareグローバル電動車生産台数予測CAGR（2024→2027、2026年3月時点） 15.3 % / レガシー半導体市場予測CAGR（2024→2027、2026年3月時点） 4.7 %
New initiatives中期経営計画の財務目標を下方修正, 株主還元指標としてDOE 3.0%以上を維持
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioAcquisition of treasury sharesOrders received and order backlogKey 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.

欧州市場を中心とするBEV成長の鈍化、顧客の販売計画見直しによる受注減少、レガシー半導体市場の回復遅れ。2026年1月期の営業利益減益については、電機部品の将来成長に向けた先行投資コストや経営基盤強化に伴う全社コストの増加が理由とされている。当期純利益の大幅減益については、減損損失3,951百万円および欧州事業損失2,591百万円の計上が理由とされている。

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.
Fiscal Year Ended January 2026, Results (Supplementary Explanatory Materials) | Mitsui High-tec,Inc. (6966) timely disclosure | Komori