MACNICA HOLDINGS, INC.
3132・Prime Market・Wholesale Trade
Integrated Circuits, Electronic Devices and Other Business
The largest segment centered on the sale of semiconductors and electronic components (approx. 86% of consolidated net sales)
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (FY2026, ending March 2026) | ¥1,040,045 million | ¥880,242 million | ↑ |
| Operating profit (FY2026, ending March 2026) | ¥24,735 million | ¥26,328 million | ↓ |
| Segment assets (end of FY2026, ending March 2026) | ¥611,471 million | ¥489,409 million | ↑ |
| Depreciation (FY2026, ending March 2026) | ¥3,784 million | ¥3,220 million | ↑ |
| Increase in tangible and intangible fixed assets (FY2026, ending March 2026) | ¥3,293 million | ¥3,325 million | — |
| Net sales year-on-year change (FY2026, ending March 2026) | up 18.2% | – | ↑ |
| Operating profit year-on-year change (FY2026, ending March 2026) | down 6.1% | – | ↓ |
Business Details
Through domestic and overseas consolidated subsidiaries, the segment sells Integrated Circuits (PLD, ASIC, ASSP, Analog, Memory, Microcontrollers, etc.) and Electronic Devices. It targets a wide range of markets including computers, automotive, industrial equipment, and communications infrastructure, differentiating itself as a high-value-added distributor by providing technical proposals and technical support in addition to logistics functions. In FY2026 (ending March 2026), demand for servers for generative AI and a recovery in the industrial equipment market drove sales growth.
Recent Overview
Net sales grew significantly by 18.2%, but operating profit declined 6.1% due to lower margins
In FY2026 (ending March 2026), surging demand for servers for generative AI expanded demand for high-performance semiconductors for AI servers in the computer market both domestically and overseas. In the industrial equipment market, in addition to share expansion through new business channels acquired overseas, the market itself recovered, driven mainly by semiconductor manufacturing equipment. In the automotive market, although the market remained stagnant, business channel transfers progressed. On the other hand, due to a rising proportion of overseas sales, which carry relatively lower margins, and an increase in SG&A expenses associated with medium- to long-term investment in new businesses, operating profit decreased 6.1% year on year to ¥24,735 million. By product, Analog (¥306,000 million, up 29.8% year on year) and PLD (¥98,943 million, up 34.9% year on year) showed particularly high growth.
Key Products
Growth Drivers
- Surging demand for high-performance semiconductors such as GPUs, memory, and analog devices driven by expanding demand for servers for generative AI (computer market)
- Expanded share through acquisition of new business channels in overseas industrial equipment markets and recovery of the semiconductor manufacturing equipment market
- Progress in business channel transfers in the automotive market (continued demand for ADAS, safety enhancement, and advanced control systems)
- Continued expansion of demand for AI servers both domestically and overseas (steady growth expected to continue in FY2027, ending March 2027)
- Expected recovery of the domestic industrial equipment market (outlook for FY2027, ending March 2027)
Risks
- Downward pressure on operating margin due to a rising proportion of overseas sales, which carry relatively lower margins
- Profit pressure from increased SG&A expenses associated with medium- to long-term investment in new businesses
- Impact of memory product shortages due to a surge in AI demand (currently uncertain)
- Delays in EV market growth relative to expectations in the automotive market (continued sluggishness in overall market growth)
- Supply chain disruption due to trade friction and geopolitical risk arising from U.S. policy changes
- Foreign exchange risk (recorded foreign exchange losses of ¥3,808 million as non-operating expenses)
Last updated: June 23, 2026