MCJ Co.,Ltd.
6670・Standard Market・Electric Appliances
PC-Related Business
MCJ Group's core segment. Operates domestic BTO and finished PCs alongside European monitor sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (external customers + internal) | ¥217,529 million (FY2026, ending March 2026) | ¥200,783 million (FY2025, ended March 2025) | ↑ |
| Segment operating profit | ¥21,479 million (FY2026, ending March 2026) | ¥19,129 million (FY2025, ended March 2025) | ↑ |
| Segment assets | ¥133,698 million (end of FY2026, ending March 2026) | ¥127,614 million (end of FY2025, ended March 2025) | ↑ |
| Depreciation expense | ¥759 million (FY2026, ending March 2026) | ¥801 million (FY2025, ended March 2025) | ↓ |
| Segment operating margin | 9.9% (FY2026, ending March 2026) | 9.5% (FY2025, ended March 2025) | ↑ |
Business Details
This segment centers on the manufacturing and sale of PC units (including BTO build-to-order production), wholesale and sale of PC parts, and European sales of monitors, digital signage, and touch panels under the "iiyama" brand. Domestically, Mouse Computer, Unitcom, and Tekwind operate the business, while overseas, iiyama Benelux B.V. (Europe) and R-Logic International Pte Ltd (Southeast Asia, etc.) conduct operations. This core segment accounts for approximately 97% of the Group's consolidated net sales.
Recent Overview
Domestic PC demand recovery continued, with both segment net sales and operating profit reaching record highs.
In FY2026 (ending March 2026), the PC-Related Business posted net sales of ¥217,529 million (up 8.3% year on year) and operating profit of ¥21,479 million (up 12.3% year on year), both record highs. In the domestic market, unit shipments grew significantly, up 31.4% year on year, with Mouse Computer and Unitcom performing well. Tekwind, which had struggled under the weak yen environment, also shifted to higher sales and profits. Overseas, both Europe and Southeast Asia achieved higher sales and profits. Separately, following the successful completion of the tender offer associated with the MBO, the company is scheduled to be delisted on June 16, 2026.
Key Products
Growth Drivers
- Continued recovery in domestic PC market demand (unit shipments up 31.4% year on year in FY2026, ending March 2026)
- Expansion of demand from education and corporate sectors, including GIGA School Program-related demand
- Focus on high-value-added product segments such as PCs for creators and gaming PCs
- Introduction of new AI-compatible products and services amid the spread of AI technology
- Overall Group uplift from Tekwind's shift to higher sales and profits
- Proactive new product launches and sales measures in Europe and Southeast Asia
Risks
- Rising procurement costs due to global supply-demand tightness and sharp price increases for certain raw materials and components
- Upward pressure on procurement costs from the continuation of an excessively weak yen
- Continued economic slowdown in Europe (prolonged Russia-Ukraine situation, tensions in the Middle East)
- Growth rate of shipment value in the domestic PC market lagging behind the growth rate in unit shipments (low-priced products related to the GIGA School Program are the main driver of unit growth)
- Intensifying price competition due to ongoing commoditization of PCs
- Risk of supply chain disruption due to heightened geopolitical risk
- Impact on business operations from changes in management structure following delisting due to the MBO
Last updated: June 24, 2025