SAKAE ELECTRONICS CORPORATION
7567・Standard Market・Wholesale Trade
SAKAE ELECTRONICS CORPORATION (Single Segment)
Specialized trading company for electronic components and equipment for semiconductor manufacturing equipment
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full-year actual) | ¥7,330 million | ¥6,428 million | ↑ |
| Operating profit (full-year actual) | ¥139 million | ¥63 million | ↑ |
| Ordinary profit (full-year actual) | ¥154 million | ¥84 million | ↑ |
| Profit attributable to owners of parent (full-year actual) | ¥113 million | ¥37 million | ↑ |
| Operating margin (full-year actual) | 1.9% | 1.0% | ↑ |
| Equity ratio (period-end) | 65.5% | 66.9% | ↓ |
| Net assets per share | ¥948.67 | ¥880.92 | ↑ |
| Total assets (period-end) | ¥7,360 million | ¥6,692 million | ↑ |
| Net assets (period-end) | ¥4,818 million | ¥4,473 million | ↑ |
| Operating cash flow | ¥25 million | -¥326 million | ↑ |
Business Details
The Group is a single-segment company engaged in the sale of industrial General Electronic Components and electronic equipment. Its main market is related to semiconductor manufacturing equipment, and it handles General Electronic Components, Power Supplies, Electronic Devices, IoT Devices, sensors, and other products. From FY2026 (ending March 2026), the company newly added its Taiwan subsidiary (Sakae Electronics Taiwan Co., Ltd.) to the scope of consolidation, strengthening its business structure in the Asian region. The majority of sales are directed to domestic customers, resulting in a structure with high dependence on semiconductor manufacturing equipment makers.
Recent Overview
Net sales and profit both improved significantly year on year, driven by progress in inventory adjustments and a recovery in orders
In FY2026 (ending March 2026), net sales were ¥7,330 million (up 14.0% year on year), operating profit was ¥139 million (up 119.7%), and net profit was ¥113 million (up 205.5%), exceeding the prior year on all metrics. In the first half of the period, a cautious order environment continued due to prolonged inventory adjustments at major customers, but progress in inventory adjustments was observed from the latter half of the period, with orders recovering mainly in the fourth quarter. The company newly established its Taiwan subsidiary (Sakae Electronics Taiwan Co., Ltd.) and added it to the scope of consolidation. For FY2027 (ending March 2027), the company forecasts net sales of ¥9,000 million (up 22.8% year on year) and operating profit of ¥176 million (up 26.9%). The year-end dividend was set at ¥11, an increase of ¥1 from the previous forecast, and for FY2027 (ending March 2027) a dividend of ¥13, including a ¥2 commemorative dividend for the company's 60th anniversary, is planned.
Key Products
Growth Drivers
- Medium- to long-term expansion of semiconductor demand in the semiconductor manufacturing equipment-related market, driven by demand for generative AI and data centers
- Continuation of the order recovery trend as inventory adjustments of production materials progress among major customers (becoming apparent from the fourth quarter)
- Improved profitability through strengthened proposals for high-value-added merchandise and more sophisticated sales activities
- Establishment of a sales and procurement network base in the Asian region through the establishment of a Taiwan subsidiary (Sakae Electronics Taiwan Co., Ltd.)
- Creation of new business opportunities through deepening relationships with leading local partners
- Expanded sales of growth items such as IoT Devices and diversification of revenue sources
- Acceleration of expansion into new growth areas such as social infrastructure and heavy electrical equipment fields
- Enhancement of value creation capability and strengthening of employee engagement through human capital investment
Risks
- Risk of sales concentration among customers related to semiconductor manufacturing equipment (dependence on major customers such as Tokyo Electron Technology Solutions)
- Risk that production and inventory adjustments by major customers directly affect performance (in the prior period, net sales decreased 23.2% and operating profit decreased 80.1% due to inventory adjustments)
- Risk of profit pressure due to increases in selling, general and administrative expenses (SGA of ¥1,047 million in FY2026 (ending March 2026), 14.3% of net sales)
- Foreign exchange fluctuation risk due to U.S. trade policy (a foreign exchange loss of ¥7 million was recorded as non-operating expenses in FY2026 (ending March 2026))
- Deterioration of the macro environment due to continued high prices, energy price fluctuations, geopolitical risks such as the situation in the Middle East, and other factors
- Risks associated with overseas business operations arising from the establishment of the Taiwan subsidiary (country risk, foreign exchange risk, etc.)
- Risk of loss compensation during periods of soaring semiconductor prices (in the prior period, a loss compensation payment of ¥20 million was recorded as an extraordinary loss)
- Risk of delay in building a revenue base to achieve the medium-term management plan targets (net sales of ¥15.0 billion and ROIC/ROE of 8% or more by FY2028 (ending March 2028))
- Risk that operating cash flow, remaining at a low level of ¥25 million, combined with an increase in inventory (¥230 million), puts pressure on cash flow
Last updated: June 25, 2026