TECMIRA HOLDINGS INC.
3627・Standard Market・Information & Communication
IoT & Devices Business
The group's largest segment by revenue, encompassing IoT device ODM manufacturing and proprietary product sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (cumulative Q1 FY2027, ending February 2027) | ¥1,375 million | ¥1,468 million (cumulative Q1 FY2026, ending February 2026) | ↓ |
| Segment profit (cumulative Q1 FY2027, ending February 2027) | ¥123 million | ¥97 million (cumulative Q1 FY2026, ending February 2026) | ↑ |
| Real segment profit including foreign exchange gains (cumulative Q1 FY2027, ending February 2027) | ¥176 million | ¥121 million (cumulative Q1 FY2026, ending February 2026) | ↑ |
| Segment revenue (full year FY2026, ending February 2026) | ¥5,326 million | – | — |
| Segment profit (full year FY2026, ending February 2026) | ¥293 million | – | — |
Business Details
Operated by JENESIS Corporation, Chuangshi Xunlian Technology (Shenzhen) Co., Ltd., and Aiwa Marketing Japan Corporation. Comprises two axes: ODM development and contract manufacturing of devices for IoT services (Edge IoT Business) and sales of proprietary-brand products such as Windows tablets (Products Business, renamed from former aiwa Business). Maintains a multi-site production structure utilizing the Shenzhen in-house factory in addition to external dedicated tablet factories. In Q1 FY2027 (ending March 2027... wait), this is the group's largest segment, accounting for approximately 54% of consolidated group revenue.
Recent Overview
Despite lower revenue, gross profit increased and SG&A expenses decreased, resulting in higher profit and improved earnings quality.
In Q1 FY2027 (ending February 2027) (March–May 2026), the IoT & Devices Business recorded revenue of ¥1,375 million (down 6.3% year on year), but segment profit rose sharply to ¥123 million (up 27.6% year on year). Real segment profit including foreign exchange gains was ¥176 million (up 45.1% year on year). Amid ongoing component tightness in semiconductor memory and other parts, along with the effects of yen depreciation and yuan appreciation, the company responded by shifting sales toward enterprise Windows tablets and utilizing inventory secured before price increases. The full-year outlook has been set conservatively, and the company will continue to closely monitor the component procurement environment and foreign exchange trends.
Key Products
Growth Drivers
- Steady underlying demand for IoT service devices, such as monitoring service devices and Bluetooth intercom microphones for mobility applications
- Improved profitability through a portfolio shift toward higher-value-added products such as enterprise Windows tablets
- Strengthened development capabilities and enhanced capacity to handle orders through utilization of the new development site in Changsha, Hunan Province, China (opened September 2025)
- Improved production efficiency through a multi-site production structure utilizing the Shenzhen in-house factory in addition to external dedicated tablet factories
- Expansion of the order base through proactive efforts to acquire new customers
Risks
- Deterioration in the component procurement environment (price increases and supply constraints) for semiconductor memory and other parts triggered by the rapid expansion of AI data center demand
- Deterioration in order profitability in the ODM business due to yen depreciation and yuan appreciation (rising yen-denominated delivery prices and declining order volume per project)
- Risk of increased procurement costs after depletion of inventory secured before component price increases
- Supply chain disruption due to geopolitical risks such as US tariff policy
- Revenue concentration risk with major customers (Pocketalk Inc. accounted for 17.2% of revenue in FY2025, ending February 2025)
Last updated: May 28, 2026