Shindengen Electric Manufacturing Co, Ltd.
6844・Prime Market・Electric Appliances
パワーデバイス事業
Shindengen's core business manufacturing and selling power semiconductors, which returned to profitability following structural reforms
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (external customers) | ¥33,490 million | ¥31,098 million | ↑ |
| Operating income | ¥2,533 million | △¥2,247 million | ↑ |
| Segment assets | ¥53,497 million | ¥47,461 million | ↑ |
| Depreciation | ¥2,986 million | ¥2,884 million | ↑ |
| Capital expenditures (increase in tangible and intangible fixed assets) | ¥1,886 million | ¥2,921 million | ↓ |
Business Details
A segment that produces and sells power semiconductor products such as diodes, thyristors, power MOSFETs, power ICs, and power modules. The segment focuses primarily on automotive applications, while also expanding into industrial equipment and home appliances. In January 2026, the company acquired all shares of a newly established company that succeeded to Kyocera Corporation's power devices business through a corporate split, expanding its product lineup. Owing to the effects of structural reforms implemented in the prior period and increased revenue, the segment turned from a substantial loss to profit.
Recent Overview
Turned from a substantial loss in the prior period to profit due to structural reform effects and M&A; net sales up 7.7% year on year
In FY2026 (ending March 2026), net sales were ¥33,490 million (up 7.7% year on year), and operating income was ¥2,533 million (compared with a loss of ¥2,247 million in the prior period), marking a return to profitability. Automotive products remained strong, and in January 2026 the company acquired a newly established company that succeeded to Kyocera Corporation's power devices business, expanding its industrial equipment product lineup. From the fourth quarter onward, demand for power supply products, semiconductor manufacturing equipment, and machine tool applications increased amid expanding AI-related investment. The combined effects of higher revenue, operating income from higher utilization, and the structural reforms implemented in the prior period contributed to a substantial improvement in earnings. Note that the segment name has been changed from "Devices Business" to "Power Devices Business" effective this consolidated fiscal year.
Key Products
Growth Drivers
- Continued solid demand for automotive power semiconductors (contributing stably as the core market)
- Expanded product lineup and increased sales to industrial equipment customers through the M&A of Kyocera Corporation's power devices business
- Increased demand for power supply products, semiconductor manufacturing equipment, and machine tool applications amid expanding AI-related investment
- Entrenchment of profitability improvements from the business structural reforms implemented in the prior period (optimization of production, sales, and logistics systems, and workforce reductions)
- Medium- to long-term expansion in demand for power electronics products driven by progress in EV adoption and decarbonization
- Acceleration of integration with the Kyocera business and promotion of measures to build a "profit-generating structure" under the 17th Medium-Term Management Plan
Risks
- Risk of a sharp decline in demand due to global economic deterioration (heightened US tariff policy and geopolitical risks)
- Rising manufacturing costs due to weaker Asian currencies
- Intensifying price competition and demand volatility in the industrial equipment and home appliance markets
- Risk of integration costs and failure to achieve expected synergies from integration with Kyocera Corporation's power devices business
- Increased procurement costs due to rising raw material and logistics costs
- Demand volatility and unstable raw material procurement due to escalating tensions in the Middle East
Last updated: June 24, 2026