ALCONIX CORPORATION
3036・Prime Market・Wholesale Trade
Trading & Distribution – Electronic Functional Materials Business
A trading and distribution segment handling electronic materials and rare metals on an integrated basis from raw materials to finished products
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥45,701 million | ¥34,141 million | ↑ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥2,875 million | ¥2,235 million | ↑ |
| Segment assets (full year, FY2026 (ending March 2026)) | ¥56,583 million | ¥40,399 million | ↑ |
| Depreciation (full year, FY2026 (ending March 2026)) | ¥144 million | ¥151 million | ↓ |
| Increase in property, plant and equipment and intangible assets (full year, FY2026 (ending March 2026)) | ¥283 million | ¥49 million | ↑ |
Business Details
Handles electronic components, compound semiconductors, and crystal materials for smartphones, tablets, electric vehicles, and IT equipment, as well as rare metals such as titanium, tungsten, molybdenum, and rare earths, on an integrated basis from raw materials through to materials and finished products. The segment specializes in fields where Japanese companies lead globally within the domestic and international electronic materials and components sectors, and conducts business globally through domestic and overseas consolidated subsidiaries such as Advanced Material Japan Corporation. A CVC-operating subsidiary also belongs to this segment, investing in startups in advanced and high-growth fields.
Recent Overview
Net sales up 33.9% year on year, driven by rising nickel and rare metal prices and overseas battery material trading
In FY2026 (ending March 2026), net sales were ¥45,701 million (up ¥11,560 million, +33.9% year on year), and segment profit was ¥2,875 million (up ¥640 million, +28.6% year on year). The main drivers of increased sales and profit were the expansion of overseas battery-related material transactions and rising prices of nickel and rare metals (especially tungsten). Meanwhile, battery materials for automotive applications hit a plateau due to the impact of the EV slowdown, and the impact of material changes due to model changes for smartphones and tablets is becoming apparent. From the second half, demand for semiconductors for data centers became robust, and semiconductor-related transactions also grew.
Key Products
Growth Drivers
- Expansion of semiconductor-related transactions driven by AI data center demand (robust globally from the second half)
- Improved trading profitability due to rising rare metal market prices such as nickel and tungsten
- Expansion of overseas battery-related material transactions (global transactions leveraging overseas networks)
- Response to dual-use regulations targeting Japan amid China's tightening of rare metal export controls, and securing alternative procurement opportunities
- Securing business development opportunities and cultivating new business relationships in advanced fields through CVC operations
Risks
- Rising procurement costs and supply constraints due to China's tightening of export controls on rare metals and rare earths (additional dual-use regulations targeting Japan)
- Continued plateau in demand for battery-related materials for automotive applications due to the North American EV slowdown
- Risk of reduced transactions due to material changes associated with model changes for smartphones and tablets
- Risk of earnings volatility due to elevated non-ferrous metal prices and uncertainty on the supply side
- Uncertainty in the trade environment due to changes in U.S. tariff policy, and impact on earnings from exchange rate fluctuations
Last updated: June 17, 2026