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Latest Business Results

2020/3 Summary

(Million Yen)



Net sales


Operating income



Ordinary income



Profit attributable to owners of parent


Net sales in the consolidated fiscal year ended March 31, 2020 increased by 51.5% year on year to 443,615 million yen. This was due to revenue contribution from Fujitsu Electronics, whose results are reflected in the full year beginning in the first quarter, as well as the solid performance of the electronic component business, the Group’s core business, and particularly for medical equipment and automotive applications. Operations were temporarily suspended at some EMS production sites overseas due to restrictions imposed by governments as COVID-19 spread, but the impact was minimal.
In terms of income, operating income increased by 32.3% year on year to 10,014 million yen and ordinary income increased by 29.0% year on year to 10,137 million yen. This can be attributed to the steady performance of the electronic component business, in addition to the aforementioned effect of corporate acquisitions. Operating income reached its highest level in 15 fiscal years, exceeding the previous high of 8,474 million yen in the fiscal year ended March 31, 2005, while ordinary income recorded a new high for the first time in two fiscal years, surpassing the previous high of 8,740 million yen recorded in the fiscal year ended March 31, 2019.
Profit attributable to owners of parent decreased by 27.0%, to 5,852 million yen, over the previous fiscal year. This decrease was primarily due to a “gain on bargain purchase” of 2,164 million yen posted in the previous consolidated fiscal year as extraordinary income in connection with the acquisition of Fujitsu Electronics, and loss on valuation of investment securities of 880 million yen were posted this fiscal year as an extraordinary loss.

2020/3 Segment summary

(Million Yen)


Electronic components

Information equipment



Net Sales





Operating Income





(a) Electronic components
(Development, manufacture and sale of semiconductors, general electronic components and other products, the electronics manufacturing service (EMS), and other activities)
In this business, the EMS business maintained solid performance throughout the year, led by medical equipment and automotive. Operations were suspended in China and Malaysia from February through March 2020 due to those governments’ measures to halt the spread of COVID-19, but the impact was limited. At the same time, the components sales business benefited from solid sales of LED products for automotive devices and consumer electronics, as well as the addition of a new revenue base, primarily from mobile phones and automotive devices, resulting from the acquisition of Fujitsu Electronics. In addition, the termination of its sales contract with the US-based Cypress Semiconductor Corporation (announced on October 10, 2019), a major supplier for Fujitsu Electronics, resulted in one-off revenue. As a result, net sales increased by 67.4% year on year to 377,587 million yen, and segment income increased by 57.6% year on year to 7,503 million yen.

(b) Information equipment
(Sales of PCs, PC peripherals, home electric appliances, photograph and imaging products, original brand products, and other products)
In this business, the PC and PC peripheral business benefited from replacement demand before the consumption tax hike went into effect and demand to upgrade to Windows 10, and sales to electronics retail stores and schools and educational institutions were strong. However, the housing-related home electric appliances business remained weak due to such factors as delivery date adjustments by customers. The commercial facilities-related LED installment business was affected by a pause in replacement demand from major customers. As a result, net sales decreased by 2.0% year on year to 43,466 million yen, and segment income decreased by 10.4% year on year to 1,707 million yen.

(c) Software
(Production of computer graphics, planning and development of amusement products, and other activities)
In this sector, orders for production of computer graphics animation and development of game software continued to face harsh conditions, partly due to customers in the amusement equipment industry extending their development schedules and a contraction in the size of businesses. As a result, net sales decreased by 3.4% year on year to 2,778 million yen, and segment income decreased by 4.3% year on year to 236 million yen.

(d) Others
(Repair and supports for electronics equipment, manufacture and sales of amusement equipment, and sales of sports goods, and other activities)
In this business, sales of arcade amusement machines continued to be strong. The PC peripherals and mobile phones recycling business showed robust performance, however golf products suffered sluggish sales. As a result, net sales decreased by 0.9% year on year to 19,781 million yen, and segment income decreased by 7.8% year on year to 452 million yen.