INNOTECH CORPORATION
9880・Prime Market・Electric Appliances
Test Solutions Business
Global business providing semiconductor test systems and probe cards
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full year, FY2026 (ending March 2026)) | ¥18,456 million | ¥14,978 million | ↑ |
| Segment profit (full year, FY2026 (ending March 2026)) | ¥1,190 million | -¥312 million | ↑ |
| Depreciation (full year, FY2026 (ending March 2026)) | ¥379 million | ¥427 million | ↓ |
| Goodwill amortization (full year, FY2026 (ending March 2026)) | ¥99 million | ¥169 million | ↓ |
| Net sales YoY change (full year, FY2026 (ending March 2026)) | +23.2% | — | ↑ |
Business Details
Innotech Corporation itself develops and sells proprietary semiconductor test systems (primarily testers for NAND flash memory), while its Taiwanese subsidiary STAr Technologies, Inc. manufactures and sells reliability test systems and probe cards. The segment provides high-value-added solutions mainly to customers in the semiconductor memory market, and achieved significant earnings improvement in FY2026 (ending March 2026) driven by growth in overseas sales of new products and a recovery in domestic memory tester demand.
Recent Overview
Sharp rise in overseas tester sales and domestic demand recovery drove a major turnaround from segment loss to profit
In FY2026 (ending March 2026), revenue increased significantly due to strong overseas sales of new testers and a recovery in domestic memory tester demand. STAr Technologies, Inc. saw steady sales of probe cards and reliability test systems, and also benefited from reduced SG&A expenses following the partial transfer of the probe card business in the prior year, resulting in higher revenue and profit. As a result, net sales reached ¥18,456 million (up 23.2% year-on-year) and segment profit reached ¥1,190 million (versus a segment loss of ¥312 million in the prior year), marking a significant turnaround to profitability.
Key Products
Growth Drivers
- Growth in overseas sales of new testers (drove significant revenue increase in FY2026 (ending March 2026))
- Recovery in domestic demand for memory testers
- Steady sales of probe cards and reliability test systems by STAr Technologies on the back of AI-related demand
- Reduced SG&A expenses and improved profitability from partial transfer of the probe card business
- Expansion into peripheral solutions such as decoder boards for CMOS image sensors
- Product expansion into growth areas such as high-frequency, compound semiconductor, and power semiconductor applications
Risks
- Risk of significant earnings fluctuation due to semiconductor market cycles
- Risk of revenue volatility due to dependence on specific customers (semiconductor memory manufacturers)
- Risk of profit decline due to increased R&D expenses in the probe card and reliability test system businesses (forecast for next fiscal year)
- Impact on overseas operations (particularly Taiwan and China bases) from US trade and China policies and geopolitical risks
- Supply chain risks such as delays in materials procurement
Last updated: June 24, 2026