HIROSE ELECTRIC CO.,LTD.
6806・Prime Market・Electric Appliances
Multi-pin Connectors
Hirose Electric's core segment, accounting for approximately 88% of revenue, encompassing the connector business
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (Full-year FY2026 (ending March 2026)) | ¥185,814 million | ¥170,849 million | ↑ |
| Operating profit (Full-year FY2026 (ending March 2026)) | ¥36,767 million | ¥39,391 million | ↓ |
| Operating margin (Full-year FY2026 (ending March 2026)) | 19.8% | 23.1% | ↓ |
| Depreciation and amortization (Full-year FY2026 (ending March 2026)) | ¥18,331 million | ¥16,918 million | ↑ |
| Share of consolidated revenue (Full-year FY2026 (ending March 2026)) | Approx. 88.0% | Approx. 90.2% | ↓ |
Business Details
The core segment manufacturing and selling a diverse range of connectors including Round & Rectangular Connectors, Ribbon Cable Connectors, PCB Connectors, FPC (Flexible Printed Circuit) Connectors, and Nylon Connectors. It serves a wide range of applications, from smartphones, communication equipment, and automotive electronics to industrial equipment such as measurement/control devices, factory automation (FA) equipment, and medical devices. A global structure has been established through domestic manufacturing subsidiaries and sales subsidiaries in Asia, Europe, and the Americas.
Recent Overview
Revenue increased driven by industrial and automotive demand, but operating profit declined due to higher costs
Full-year revenue for FY2026 (ending March 2026) reached ¥185,814 million (up 8.8% year on year), achieving revenue growth. Business for the industrial equipment market performed well, with orders and sales increasing across a wide range of applications and regions, while the automotive equipment market business also steadily contributed through the ramp-up of production for new projects. On the other hand, business for the consumer equipment market trended somewhat soft. Against a backdrop of increased cost of sales and SG&A expenses, operating profit declined to ¥36,767 million (down 6.7% year on year), and the operating margin fell from 23.1% to 19.8%.
Key Products
Growth Drivers
- Business for the industrial equipment market performed well, with orders and sales increasing across a wide range of applications and regions (FY2026 results)
- Steady contribution from the ramp-up of production for new projects in the automotive equipment market business
- Strengthened development and sale of high-value-added new products for the smartphone and advanced information terminal markets
- Expansion of the supply structure through the reinforcement of domestic and overseas production sites
- Portfolio diversification based on the three pillars of consumer, industrial equipment, and automotive under the medium-term management plan
Risks
- Risk of continued softness in business for the consumer equipment market (trends in the smartphone market significantly affect performance)
- Downward pressure on operating margin due to increases in cost of sales and depreciation expenses (operating margin declined from 23.1% to 19.8% in FY2026)
- Deterioration of the manufacturing business environment due to trends in US tariff policy and geopolitical risks (such as the situation in the Middle East)
- Upward cost pressure from soaring prices of raw materials (gold, copper, etc.)
- Impact on sales to China (36.6% of revenue) from adjustments in the Chinese real estate market and delayed recovery in domestic demand
- Decline in the revenue share of Multi-pin Connectors due to the rapid growth of the Coaxial Connectors and Others segments
Last updated: June 24, 2026