TAIYO TECHNOLEX CO.,LTD.
6663・Standard Market・Electric Appliances
Electronic Circuit Board Business
Core segment of Taiyo Techonolex centered on FPC (Flexible Printed Circuit) manufacturing and sales
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (Q1 FY2026, ending December 2026) | ¥649 million | ¥574 million (Q1 FY2025, ending December 2025) | ↑ |
| Segment profit (Q1 FY2026, ending December 2026) | ¥158 million | ¥97 million (Q1 FY2025, ending December 2025) | ↑ |
| Segment profit margin (Q1 FY2026, ending December 2026) | 24.4% | 16.9% (Q1 FY2025, ending December 2025) | ↑ |
| Net sales (full-year results, FY2025 ending December 2025) | ¥2,409 million | — | — |
| Segment profit (full-year results, FY2025 ending December 2025) | ¥501 million | — | — |
Business Details
The segment's core business is the manufacturing and sales of FPC (Flexible Printed Circuit), handling everything from wiring pattern design, drilling, plating, and etching through final inspection—except for component mounting—under a fully integrated in-house system. It achieves delivery in as few as 3 days from order receipt and has strengths in prototyping and small-to-medium-lot mass production. Major customers are set manufacturers such as industrial equipment makers, camera makers, medical device makers, and display makers. Overseas sales and support are handled by consolidated subsidiaries in Thailand and Shanghai.
Recent Overview
Sales and profit margin improved significantly on increased orders for new mass-production projects and expansion of in-house manufactured products
In Q1 FY2026 (December 21, 2025 to March 20, 2026), although FPC sales to display makers declined, net sales expanded to ¥649 million (up 13.2% year on year) due to increased orders for new mass-production projects for set manufacturers, including camera makers and industrial equipment makers. Segment profit rose sharply to ¥158 million (up 63.3% year on year) due to an improved gross margin driven by increased sales of in-house manufactured products, with the profit margin improving to 24.4%.
Key Products
Growth Drivers
- Increased orders for new mass-production projects from camera makers and industrial equipment makers
- Improved gross margin due to increased sales of in-house manufactured products
- Reduced labor costs and improved profitability through voluntary early retirement program
- Steady demand for electronic circuit boards for data centers amid expanding AI-related demand
- Promotion of technology development for high-density multilayer boards, with focus on the medical device and healthcare fields
Risks
- Declining trend in FPC sales to display makers
- Stagnant demand for automotive applications due to sluggish domestic EV market
- Rising labor costs (from recruitment, training, and personnel system reforms) leading to higher costs from next period onward
- Impairment risk related to electroforming product manufacturing facilities in Kunisaki City, Oita Prefecture
- Impact on export sales (via Thai and Shanghai subsidiaries) from geopolitical risks such as US tariff policy and worsening Japan-China relations
- Risk of profit pressure from rising procurement prices, among other factors
Last updated: March 17, 2026