Will revenue growth in AI data centers, automotive, and high-end smartphones continue into the first half?

In the first quarter from April to June 2026, revenue was ¥15,324 million, up 20.5% year on year. The company attributed this mainly to the advancement of ADAS and autonomous driving technology in automotive applications, expanding AI data-center demand in industrial equipment, and increased sales of products for high-end smartphones in mobile communications. Industrial-equipment revenue was said to have nearly doubled year on year, suggesting that some growth areas are expanding faster than the company-wide 20.5% revenue growth.

The FY2027 full-year revenue forecast is ¥62,500 million, putting first-quarter progress at 24.5%. This is close to the 25% implied by an even quarterly distribution, while the mechanical first-half benchmark is ¥31,250 million. Accordingly, in addition to whether this level can be secured in the first half, it is necessary to distinguish whether the first-quarter revenue growth reflected a temporary concentration of shipments for specific products or demand that will continue into the second quarter.

At present, the company has a single reportable segment and does not disclose revenue or profit by segment or revenue by region. It is not possible to quantify the portions of total revenue of ¥15,324 million attributable to optical transceivers and servers related to AI data centers, automotive applications, or smartphones. The first-quarter results commentary indicates the direction of demand by area, but no revenue bridge, orders received, or order backlog can be confirmed.

At the next results announcement, it will be important to see whether the qualitative description of industrial-equipment revenue as having approximately doubled advances to disclosure of the first-half amount and year-on-year growth. Other key points will be whether the company can disclose first-half revenue for automotive ADAS and autonomous-driving applications and high-end smartphones, whether it maintains the full-year revenue target of ¥62,500 million, and whether growth rates by demand area have changed.