MARUBUN CORPORATION
7537・Prime Market・Wholesale Trade
Devices Business
Marubun's core segment handling domestic and overseas sales of semiconductors and electronic components
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Full Year FY2026, ending March 2026) | ¥152,245 million | ¥150,525 million | ↑ |
| Ordinary Income (Full Year FY2026, ending March 2026) | ¥562 million | ¥2,965 million | ↓ |
| Segment Assets (Full Year FY2026, ending March 2026) | ¥104,048 million | ¥109,628 million | ↓ |
Business Details
A segment that sells semiconductors and electronic components such as analog ICs, memory ICs, and application-specific ICs domestically and internationally. It serves a wide range of markets including consumer equipment, industrial equipment, mobility, medical/healthcare, and aerospace/defense. As the largest segment, accounting for approximately 71% of consolidated net sales, it leverages its global supply chain built through collaboration with Arrow Electronics, Inc. (US) as a key strength. From FY2026 (ending March 2026), a portion of the business has been transferred to the Entrepreneur Business, resulting in a revised segment composition.
Recent Overview
Net sales increased, but ordinary income fell sharply by 81.0% year on year due to declining agency transactions and foreign exchange losses
Full-year net sales for FY2026 (ending March 2026) increased 1.1% year on year to ¥152,245 million. While demand for industrial equipment remained weak, mobility- and consumer equipment-related demand remained solid, offsetting the weakness. On the other hand, ordinary income declined sharply by 81.0% year on year to ¥562 million, due to a decline in gross profit margin caused by reduced agency transactions and shifts in product mix, combined with foreign exchange losses recorded amid the yen's depreciation trend.
Key Products
Growth Drivers
- Steady demand trends for semiconductors for mobility and consumer equipment applications
- Accelerating investment competition in data center-related fields toward the implementation of generative AI and AI agents
- Growth in shipment volumes in PC-related fields driven by replacement demand associated with the end of OS support
- Expansion of global business rights through strengthened collaboration with Arrow Electronics, Inc. (US)
- Establishment of high value-added business rights through deeper penetration into niche markets such as medical/healthcare and aerospace/defense
- Strengthened product lineup through expansion of Asian-sourced products and increased sales of passive components
- Expected improvement in inventory adjustment in the industrial equipment field (FY2027, ending March 2027)
Risks
- Continued sluggish demand for semiconductors used in industrial equipment
- Decline in gross profit margin due to reduced agency transactions
- Foreign exchange fluctuation risk related to foreign-currency-denominated transactions (foreign exchange losses recorded for full-year FY2026, ending March 2026)
- Risk of loss of business rights due to changes in semiconductor manufacturers' distributor policies
- Delayed demand recovery due to prolonged inventory adjustment phase
- Impact of changes in US trade policy on customer demand, particularly in the automotive industry
- Decline in shipment volumes in PC and smartphone-related fields due to rising component costs and supply shortages
Last updated: June 24, 2026