【Hiroto】Fiscal Year Ending March 2026 Financial Results | Revenue of 183.1 billion yen (YoY -1.1%)

Performance Overview

Hiroto's fiscal year ending March 2026 experienced a slight decline in revenue due to decreased sales of automotive semiconductor devices and power device manufacturing equipment. However, gross profit margin improved. Increased selling, general, and administrative expenses, as well as costs related to new business initiatives and M&A activities, led to declines in operating and ordinary income. Nonetheless, gains from the sale of policy-held shares resulted in recording investment securities gains, securing net income at roughly the same level as the previous year. An increase in interest expenses due to higher borrowings was also observed.

Future Outlook and Investor Impact

For the consolidated earnings forecast for the fiscal year ending March 2027, an increase in revenue and profit is expected driven by a recovery in the semiconductor market and active AI-related capital expenditures. Revenue is projected to reach 225.0 billion yen (up 24.2% YoY), with operating income expected to be 88.0 billion yen (up 44.7% YoY). The dividend for fiscal 2027 is planned at 220 yen per share, aiming to strengthen shareholder returns. Investors are likely to focus on signs of expanding semiconductor demand and improving profitability in the upcoming period.