ROHM Co., Ltd. (TSE: 6963), the Kyoto-based maker of power semiconductors, silicon-carbide (SiC) devices, analog and logic ICs and discrete components, reported consolidated full-year results for the fiscal year ended March 31, 2026 (FY3/2026) under Japanese GAAP. Revenue rose 7.3% year-on-year to ¥481,148 million from ¥448,466 million, and the company returned to an operating profit of ¥10,864 million, reversing a ¥40,061 million operating loss a year earlier. Ordinary profit likewise swung back into the black at ¥19,222 million from a ¥29,698 million ordinary loss. Despite that operating recovery, the bottom line deteriorated sharply: ROHM booked a record net loss attributable to owners of ¥158,424 million, far wider than the ¥50,065 million net loss of the prior year.
Operating recovery undone by impairment and reform charges
The contrast between an operating profit and a record net loss is the defining feature of the year. Operating profit returned to black on the revenue recovery and cost reductions, but the deep net loss reflects large impairment and structural-reform charges recorded below the ordinary-profit line. Those charges were taken amid the broader semiconductor and EV-demand downturn, set against ROHM's heavy investment in silicon-carbide manufacturing capacity. As a result, basic earnings per share came in at a loss of ¥410.46, against a ¥129.78 loss the prior year, and return on equity was -19.2%. Comprehensive income was a loss of ¥111,837 million. The company also changed its depreciation method this fiscal year.
Balance sheet and cash flow
ROHM finished the year with total assets of ¥1,283,559 million and net assets of ¥758,616 million, leaving the equity ratio at a robust 59.1% and book value per share at ¥1,963.41. Cash generation remained healthy despite the headline loss: operating cash flow was an inflow of ¥89,448 million, and investing activities produced a positive inflow of ¥108,594 million, mainly from sales and redemptions of securities. Financing activities used ¥20,808 million, and period-end cash and equivalents stood at ¥428,714 million.
Dividend held at ¥50
The board kept the FY3/2026 annual dividend at ¥50.00 per share (¥25 interim plus ¥25 year-end), unchanged from the prior year despite the record net loss. Management has guided the same ¥50.00 annual dividend for FY3/2027, signalling confidence that the operating recovery now underway is durable.
FY27 guidance points to a sharp profit recovery
For the year to March 2027, ROHM guides revenue of ¥510,000 million (+6.0%), operating profit of ¥30,000 million (+176.1%), ordinary profit of ¥36,000 million (+87.3%), and a return to a net profit of ¥29,000 million after the prior year's loss, with EPS of ¥75.12. The guidance implies a near-tripling of operating profit as the revenue recovery broadens and the heavy one-off charges of FY3/2026 do not repeat.
| Metric | FY3/2026 | FY3/2025 | YoY |
|---|---|---|---|
| Revenue (¥M) | 481,148 | 448,466 | +7.3% |
| Operating profit (¥M) | 10,864 | -40,061 | Return to profit |
| Ordinary profit (¥M) | 19,222 | -29,698 | Return to profit |
| Net profit attrib. (¥M) | -158,424 | -50,065 | Wider loss |
| EPS (¥) | -410.46 | -129.78 | Wider loss |
| Annual dividend (¥) | 50.00 | 50.00 | Unchanged |
| FY27 operating profit guidance (¥M) | 30,000 | — | +176.1% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.