Fiscal Year Ending March 2026 Financial Supplementary Materials

Overview of Current Fiscal Year Performance

For fiscal 2025, net sales amounted to 72.29 billion yen, a 12.7% increase from the previous year, with operating income at 3.65 billion yen, up 210.0%. Ordinary income significantly increased by 320.1% to 5.22 billion yen, and net income attributable to owners of the parent also rose substantially to 3.95 billion yen. Exchange rates were 1 USD = 151.06 yen and 1 EUR = 175.55 yen.

Net Sales by Product and Region

By product, resistors accounted for the majority of sales, showing a strong 19.1% increase YoY. IC products also increased by 29.3%. Regionally, Asia accounted for 40% of sales with a 20.9% increase, while Japan, North America, and Europe also grew 15.5%, 10.9%, and 17.6% respectively.

Capital Expenditures and R&D Expenses

Capital expenditures for fiscal 2025 were 4.1 billion yen, depreciation expenses were 7.2 billion yen, and R&D expenses totaled 3.5 billion yen, representing approximately 5.0% of net sales.

Quarterly Performance Trends

Net sales in the fourth quarter of fiscal 2025 were 19.20 billion yen, a 28.3% YoY increase; however, operating income declined by 0.07 billion yen YoY to 0.54 billion yen. Ordinary income increased by 0.79 billion yen to 1.14 billion yen, and quarterly net income rose by 1.0 billion yen to 0.79 billion yen.

Earnings Guidance for Fiscal Year Ending March 2027

The target for the fiscal year ending March 2027 is net sales of 80 billion yen, operating income of 7.4 billion yen, and an operating margin of 9.3%, assuming an exchange rate of 1 USD = 145 yen.