Naigai Tec Corporation
3374・Standard Market・Wholesale Trade
Sales Business
Core segment centered on sales of components for semiconductor and FPD manufacturing equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (external customers) | ¥27,992 million | ¥30,902 million | ↓ |
| Segment profit | ¥690 million | ¥631 million | ↑ |
| Segment assets | ¥18,873 million | ¥18,053 million | ↑ |
| Order backlog (end of FY2026 (ending March 2026)) | ¥9,025 million | ¥6,204 million | ↑ |
| Segment net sales YoY change | △9.1% | － | ↓ |
| Segment profit YoY change | +9.3% | － | ↑ |
Business Details
This segment purchases various components—such as pneumatic equipment, vacuum equipment, and temperature control equipment—and related equipment used in semiconductor manufacturing equipment, FPD manufacturing equipment, electronic devices, etc. from domestic manufacturers and sells them primarily to domestic user companies. Overseas, the consolidated subsidiary Naiga Kikai (Shanghai) Trading Co., Ltd. develops sales to local Chinese and Japanese-affiliated user companies in China. The three Tokyo Electron Group companies are major customers, accounting for approximately 86% of consolidated net sales, making this the largest segment.
Recent Overview
Net sales fell 9.1% YoY, but profit rose 9.3% on improved margins; order backlog expanded significantly
In the Sales Business for FY2026 (ending March 2026), net sales declined to ¥27,992 million (down 9.1% year on year) due to the impact of customer inventory adjustments in the first half of the period. On the other hand, segment profit increased to ¥690 million (up 9.3% year on year) as progress was made in passing on increased procurement costs through price adjustments. Orders recovered from the latter half of the third quarter, and the order backlog at fiscal year-end increased significantly to ¥9,025 million from ¥6,204 million at the end of the prior fiscal year. Combined net sales to the three major Tokyo Electron Group customers totaled ¥22,311 million (¥25,371 million in the prior period).
Key Products
Growth Drivers
- Increased demand for semiconductor manufacturing equipment driven by expanding investment in HBM and logic semiconductors for data centers amid the spread of generative AI
- Capturing AI-related upfront investment under the new medium-term management plan "MIRAI2030," anticipating rapid expansion in physical AI demand
- Order backlog of ¥9,025 million at fiscal year-end (up 45% from the prior fiscal year-end) serves as a leading indicator for sales recovery from FY2027 (ending March 2027) onward
- Improved cost of sales ratio and profit margin as price pass-through of increased procurement costs progresses
- Expansion of domestic semiconductor-related capital investment amid supply chain reshoring and resilience-building from an economic security perspective
Risks
- Risk of sales concentration in the three Tokyo Electron Group companies (combined net sales of ¥22,311 million in the current period, approximately 68% of consolidated net sales)
- Risk of stagnation in semiconductor manufacturing equipment investment due to uncertainty in trade policy, including US tariff policy
- Risk of weak demand due to continued stagnation in investment for automotive and power semiconductors
- Risk of performance fluctuation due to the silicon cycle (severe boom-bust cyclical fluctuation) in the semiconductor market
- Risk of deteriorating business environment for the Shanghai subsidiary due to geopolitical risks such as intensified US-China semiconductor regulations
Last updated: June 23, 2026