SHINDEN HIGHTEX CORPORATION
3131・Standard Market・Wholesale Trade
Japan
The group's core segment responsible for domestic electronic components and semiconductor sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Japan Segment) | ¥41,076 million (FY2026 full year, ending March 2026) | ¥41,121 million (FY2025 full year, ended March 2025) | ↓ |
| Segment Profit (Japan Segment) | ¥1,131 million (FY2026 full year, ending March 2026) | ¥1,434 million (FY2025 full year, ended March 2025) | ↓ |
| Segment Profit Margin (Japan Segment) | 2.8% (FY2026 full year, ending March 2026) | 3.5% (FY2025 full year, ended March 2025) | ↓ |
| Share of Group Net Sales | Approx. 96% (FY2026 full year, ending March 2026) | Approx. 94% (FY2025 full year, ended March 2025) | ↑ |
Business Details
This segment primarily serves domestic electronic device and industrial equipment manufacturers, engaging in the procurement and sale of semiconductor products (memory, SSDs, GPUs, etc.), displays (LCD modules, OLED), system products (EMS, AI servers), and battery and power equipment. The company operates domestic sales offices located close to customers, and this segment accounts for approximately 96% of group net sales, making it the core segment. Major customers include the Amkor group, NEC Personal Computers, and JCET STATS ChipPAC Korea.
Recent Overview
Despite substantial growth in system products, overall sales and profit declined slightly due to weakness in semiconductors, displays, and other categories
For the full year of FY2026 (ending March 2026), the Japan segment recorded net sales of ¥41,076 million (down 0.1% year on year) and segment profit of ¥1,131 million (down 21.1% year on year). While the system products field provided support with substantial sales growth of 43.7%, driven by AI server order wins, semiconductor products (down 9.6%), display (down 2.6%), and battery & power equipment (down 21.8%) were weak. On the profit side, the main factor was a decline in gross profit due to a rise in cost ratios amid changing procurement conditions driven by fluctuations in the memory market.
Key Products
Growth Drivers
- System products field: steady performance in inspection equipment and EMS businesses, and expanded order wins driven by strengthened AI server manufacturer lineups
- Semiconductor products field: expansion of transactions through volume business capture in light of memory market trends (¥30,600 million planned for FY2027, ending March 2027)
- Active expansion into DX- and GX-related markets: capturing demand for data centers and AI, and expanding sales of energy management-related products
- Expansion of the transaction base and optimization of inventory management: transition to a phase of building an earnings base under the medium-term management plan
- Display field: increased demand for LCD modules for televisions, progress in OLED projects, and expanded sales channels for finished LCD products
Risks
- Demand volatility in the semiconductor products field: risk of rising cost ratios due to fluctuations in the memory market, and rebound declines from the transfer of automotive-related business flow and the foundry business
- Foreign exchange risk: a high proportion of USD-denominated transactions, together with an expanding net position of USD-denominated assets and liabilities amid growing procurement funding needs, led to increased foreign exchange losses (¥250 million in foreign exchange losses recorded in FY2026, ending March 2026)
- High dependence on major suppliers: concentration on suppliers such as GigaDevice Semiconductor, BOE Technology, and SK hynix Japan
- High dependence on major customers: the top three customers (Amkor, NEC Personal Computers, and JCET) account for approximately 36% of sales
- Weakness in the battery & power equipment field: risk of continued decline in the residential energy storage system business
- Risk to achieving medium-term management targets: earnings recovery toward FY2027 (ending March 2027) may be affected by market conditions and project trends
Last updated: June 22, 2026