Miraial Co., Ltd.
4238・Standard Market・Chemicals
Plastic Molding Business
Miraial's core business, centered on wafer containers for semiconductors
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Q1 FY2027, ending January 2027) | ¥3,558 million | ¥2,917 million (Q1 FY2026, ending January 2026) | ↑ |
| Operating profit (Q1 FY2027, ending January 2027) | ¥394 million | ¥306 million (Q1 FY2026, ending January 2026) | ↑ |
| Operating margin (segment profit basis, Q1 FY2027, ending January 2027) | 11.1% | 10.5% (Q1 FY2026, ending January 2026) | ↑ |
| Year-on-year net sales growth rate | +21.9% | — | ↑ |
| Year-on-year operating profit growth rate | +28.8% | — | ↑ |
Business Details
This segment manufactures and sells semiconductor-related products such as Silicon Wafer Shipping Containers and Silicon Wafer In-Process Containers, along with other related products including Fluid System Products, electronic components, and molds. The business is operated by the Company itself and its consolidated subsidiary Miraial Tohoku Co., Ltd., as well as its China-based local subsidiary, Miraial Trading (Shanghai) Co., Ltd. In the first quarter of FY2027 (ending January 2027), this core segment accounted for approximately 89% of consolidated net sales, with major customers including Marubeni Plax Corporation, Samsung Japan, and SUMCO Corporation, among other major semiconductor-related companies.
Recent Overview
AI-driven recovery in semiconductor demand led to a bottoming-out of wafer inventory adjustment, resulting in substantial growth in both sales and profit
In the first quarter of FY2027 (ending January 2027) (February to April 2026), the recovery in semiconductor market demand, driven mainly by AI, appears to have led to a bottoming-out of wafer inventory adjustments. Net sales reached ¥3,558 million (up 21.9% year on year), and operating profit reached ¥394 million (up 28.8% year on year), achieving substantial growth in both sales and profit. On the other hand, while demand for advanced products remains robust, the recovery in demand for existing products is expected to take some time, and a gradual recovery trend is expected to continue.
Key Products
Growth Drivers
- Increasing demand for wafer containers driven by robust expansion in demand for advanced semiconductors, particularly for AI applications
- Continuation of a gradual recovery trend as overall semiconductor market inventory adjustment bottoms out
- Deepening of the silicon wafer transport container business and expansion of market share based on the Medium-Term Growth Strategy 2028
- Strengthening of the supply system through investment in efficiency improvements such as expanded production capacity and automation
- Expansion into new fields and new products leveraging the core technology of high-performance resin molding processing
Risks
- Risk of downside to sales due to delays in the recovery of demand for existing products in the semiconductor market
- Impact of US-China relations and geopolitical risks on the semiconductor market (e.g., changes in procurement policies by major customers)
- Pressure on profit due to increased depreciation expenses (¥380 million in depreciation expenses in the first quarter) associated with expanded capital investment
- Possibility that resin supply shortages caused by the situation in the Middle East may affect order-taking activities
- Risk of increased manufacturing costs due to persistently high raw material prices and rising energy costs
Last updated: April 22, 2026