Chips across every end market
Macnica Holdings, Inc. (TSE: 3132) reported consolidated results for the first half of FY3/2027, April 1 to September 30, 2026, on November 2, 2026 under Japanese GAAP. From this period the company reports three segments, renaming its two existing businesses Semiconductors and Cybersecurity and splitting out CPS (cyber-physical system) solutions. Semiconductors revenue rose 46.7% to ¥721,339 million and segment profit 117.1% to ¥29,258 million: AI-related capital spending lifted chips for semiconductor equipment, demand recovered in factory automation and machine tools across analog, PLD, memory, ASSP and power devices, automotive inventory adjustment ended, and AI-server demand stayed firm. Cybersecurity revenue rose 31.2% to ¥105,887 million and profit 14.8% to ¥8,907 million. CPS solutions grew revenue 25.9% to ¥4,066 million, but its loss widened to ¥4,647 million as autonomous EV bus development stayed in an investment phase.
Guidance raised, buyback approved
Ordinary profit rose 122.4% to ¥32,751 million. The revised FY3/2027 forecast calls for net sales of ¥1,670,000 million (previously ¥1,300,000 million), operating profit of ¥67,500 million (previously ¥52,000 million), ordinary profit of ¥66,000 million (¥47,000 million) and net profit of ¥46,000 million (¥32,000 million), although the company expects second-half CPS sales and profit to fall short of plan after a customer cancelled a vehicle development project. The annual dividend forecast rises to ¥90 (¥45 interim, ¥45 year-end) from ¥70 a year earlier. The board approved a buyback of up to 1.6 million shares, or ¥5,000 million, between November 4 and December 21, 2026. Total assets rose to ¥840,288 million on higher receivables and inventory, and the equity ratio fell to 34.9%.
| Metric | H1 FY3/2027 | H1 FY3/2026 | Change |
|---|---|---|---|
| Net sales (¥ million) | 831,293 | 575,435 | +44.5% |
| Operating profit (¥ million) | 33,518 | 17,506 | +91.5% |
| Ordinary profit (¥ million) | 32,751 | 14,728 | +122.4% |
| Net profit attrib. to owners of parent (¥ million) | 22,278 | 11,021 | +102.1% |
| Comprehensive income (¥ million) | 21,930 | 14,440 | +51.9% |
| EPS (¥) | 124.74 | 61.75 | +102.0% |
| Semiconductors — revenue (¥ million) | 721,339 | 491,552 | +46.7% |
| Semiconductors — segment profit (¥ million) | 29,258 | 13,474 | +117.1% |
| Cybersecurity — revenue (¥ million) | 105,887 | 80,705 | +31.2% |
| Cybersecurity — segment profit (¥ million) | 8,907 | 7,759 | +14.8% |
| CPS solutions — revenue (¥ million) | 4,066 | 3,230 | +25.9% |
| CPS solutions — segment profit (¥ million) | -4,647 | -3,728 | loss widened |
| Total assets (¥ million) | 840,288 | 700,887 | +19.9% |
| Net assets (¥ million) | 305,865 | 289,115 | +5.8% |
| Equity ratio | 34.9% | 39.8% | -4.9 pt |
| FY3/2027 guidance — revenue (¥ million) | 1,670,000 | — | +37.5% |
| FY3/2027 guidance — operating profit (¥ million) | 67,500 | — | +60.9% |
| FY3/2027 guidance — ordinary profit (¥ million) | 66,000 | — | +76.5% |
| FY3/2027 guidance — net profit (¥ million) | 46,000 | — | +65.7% |
| Annual dividend per share (¥) | 90.00 | 70.00 | +28.6% |
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.