# Helios Techno Holding Co.,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第50期(2025/04/01－2026/03/31) (S100YF8D)
> Page: https://vizora.meequs.com/en/company/helios-techno-holding
> Retrieved: 2026-09-30T22:47:06.736Z

## Company

Helios Techno Holding, founded in 1976, is a company in Semiconductor Equipment listed on TSE Standard. It has 272 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Helios Techno Holding Co.,Ltd. |
| Ticker | 6927 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6927.T) |
| Listing | TSE Standard |
| Head office | 東京都中央区日本橋馬喰町一丁目11番10号 |
| Representative (per filing) | 代表取締役社長 佐藤良久 |
| Founded | Oct 1976 |
| Share capital | ¥2.13B |
| Employees (consolidated) | 272 |
| Average salary (parent only) | ¥7.3M |
| Fiscal year end | March |
| Corporate number | 5140001059001 |
| EDINET | E02076 |
| Industries (Vizora) | Semiconductor Equipment, Electronic Components |

> Profile source: annual securities report (S100YF8D, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Semiconductor Equipment (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 51.4 | 36 |
| Profitability | 42.7 | 41 |
| Cash conversion | 47.4 | 39 |
| Efficiency | 50 | 41 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 81% of Helios Techno Holding's sales come from Manufacturing Equipment Business, with Lamp Business making up much of the rest.
- Out of every ¥100 of sales, about ¥13 is left as operating profit.
- Revenue changed +43.8% from the prior year, operating profit +105.3%.

## Company structure

- Segment revenue mix: Manufacturing Equipment Business 81.2%、Lamp Business 18.8%
- Revenue → net income: ¥14188768000 → ¥1637133000
- Net income → operating cash flow: ¥1637133000 → ¥1861116000（difference ¥223983000）
- Main uses of operating cash flow: CapEx ¥762661000 / dividends ¥744058000 / buybacks —
- Change in cash: ¥295149000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥14.2B |  |
| Operating income | ¥1.85B | Margin 13.0% |
| Net income | ¥1.64B | Margin 11.5% |
| Free cash flow | ¥1.1B |  |
| Largest business | Manufacturing Equipment Business | of segment revenue 81.2% |
| Employees (consolidated) | 272 |  |
| EPS | ¥13.5 |  |
| Book value per share | ¥428.47 |  |
| Equity ratio | 81.8% |  |
| Shares outstanding | 22,806,900 |  |
| Treasury shares | 4,655,200 |  |
| Shareholders | 10,719 |  |
| Average salary (parent only) | ¥7.3M | Filing company only |
| Cash ratio | 58.3% | Cash ÷ revenue 86.8% |
| Vs. industry median margin | -1.5 pp | Semiconductor Equipment |
| ROE | 10.3% | Derived from disclosed figures |
| ROA | 7.7% | Derived from disclosed figures |

## Notable figures

- FY2026, employees -5% while operating income rose 105%
- FY2026, one segment accounts for 86% of positive segment profit
- FY2026, cash is 58% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥8079675000 | ¥14188768000 | +75.6% |
| Operating income | ¥545790000 | ¥1848829000 | +238.7% |
| Operating margin | 6.8% | 13.0% | +6.3 pp |
| Employees | 291 people | 272 people | -6.5% |
| Cash and equivalents | ¥6417163000 | ¥12309004000 | +91.8% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| ランプ事業 → ランプ事業 | 18.8% |
| ランプ事業 → 事業再編・廃止 | 18.2% |
| 製造装置事業 → 製造装置事業 | 63.0% |
| 新設・再編 → 製造装置事業 | 18.2% |

Segment revenue source references: 4 (derived)

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 14,189 | 100.0% | S100YF8D |
| Cost of revenue | 9,037 | 63.7% | S100YF8D |
| Gross profit | 5,152 | 36.3% | S100YF8D |
| SG&A | 3,303 | 23.3% | S100YF8D |
| Operating income | 1,849 | 13.0% | S100YF8D |
| Ordinary income | 2,307 | 16.3% | S100YF8D |
| Pretax income | 2,307 | 16.3% | S100YF8D |
| Income tax | 669 | 4.7% | S100YF8D |
| Net income | 1,637 | 11.5% | S100YF8D |
| Net income attributable to owners | 1,637 | 11.5% | S100YF8D |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 64 |
| SG&A | 23 |
| Operating income | 13 |
| (Ref.) Net income | 12 |

### Margin funnel

Gross margin 36.3% → Operating margin 13.0% → Net margin 11.5%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +43.8%; Core profit growth: +105.3%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 2.41×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 9,870 | 14,189 | 4,319 | +43.8% |
| Gross profit | 3,836 | 5,152 | 1,316 | +34.3% |
| Operating income | 900 | 1,849 | 948 | +105.3% |
| Net income attributable to owners | 728 | 1,637 | 909 | +124.8% |
| Operating cash flow | 878 | 1,861 | 983 | +111.9% |
| Free cash flow | 766 | 1,098 | 332 | +43.4% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 13,996 | 385 | 2.8% | 576 | -546 | -825 | S100LQ14 |
| FY ending Mar 2021 | 8,080 | 546 | 6.8% | 392 | 2,921 | 2,817 | S100PDUA |
| FY ending Mar 2022 | 8,952 | 519 | 5.8% | 415 | 1,744 | 1,632 | S100R45H |
| FY ending Mar 2023 | 7,988 | 422 | 5.3% | 271 | 590 | 535 | S100TPUL |
| FY ending Mar 2024 | 10,871 | 1,472 | 13.5% | 2,292 | 2,533 | 2,345 | S100VYZK |
| FY ending Mar 2025 | 9,870 | 900 | 9.1% | 728 | 878 | 766 | S100YF8D |
| FY ending Mar 2026 | 14,189 | 1,849 | 13.0% | 1,637 | 1,861 | 1,098 | S100YF8D |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥52.2M |
| Operating income per employee (consolidated) | ¥6.8M |
| Net income per employee (consolidated) | ¥6M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 289 | 285 | 277 | 286 | 272 |
| Average salary (parent company) | ¥7M | ¥8M | ¥6.5M | ¥7.9M | ¥7.3M |
| Average age (parent company) | 48.1 years | 51.0 years | 44.3 years | 42.5 years | 43.6 years |
| Average tenure (parent company) | 1.9 years | 2.5 years | 2.6 years | 2.5 years | 2.4 years |

Year over year: Employees (consolidated) -4.9% · Revenue (consolidated) +43.8%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Lamp Business | 2,667 | 18.8% | 327 | 12.3% |
| Manufacturing Equipment Business | 11,522 | 81.2% | 2,083 | 18.1% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Lamp Business | 18.8% | 13.6% | -5.2 | 12.3% |
| Manufacturing Equipment Business | 81.2% | 86.4% | 5.2 | 18.1% |

Segment → industry: Manufacturing Equipment Business → Semiconductor Equipment / Lamp Business → Electronic Components

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 1,861 | 13.1% | S100YF8D |
| Capital expenditure | 763 | 5.4% | S100YF8D |
| Free cash flow | 1,098 | 7.7% | 算出 |
| Investing cash flow | -807 | -5.7% | S100YF8D |
| Financing cash flow | -762 | -5.4% | S100YF8D |
| Dividends paid | 744 | 5.2% | S100YF8D |
| Change in cash | 295 | 2.1% | S100YF8D |
| Cash and equivalents | 12,309 | 86.8% | S100YF8D |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 7,851 | 8,209 | 12,000 | 12,014 | 12,309 | S100TPUL, S100VYZK, S100YF8D |
| Total assets | 15,954 | 17,639 | 20,900 | 21,169 | 21,108 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Net assets | 13,747 | 15,014 | 16,188 | 16,107 | 17,273 | S100TPUL, S100VYZK, S100YF8D |
| Share capital | 2,133 | 2,133 | 2,133 | 2,133 | 2,133 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Property, plant and equipment | 1,905 | 1,761 | 1,787 | 1,757 | 2,412 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Intangible assets excluding goodwill | 20 | 16 | 34 | 31 | 68 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Investment securities | 1,156 | 2,787 | 1,342 | 1,079 | 1,546 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Current assets | 12,793 | 13,030 | 17,368 | 18,022 | 16,845 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Current liabilities | 1,963 | 2,009 | 4,445 | 4,807 | 3,485 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Trade payables | 494 | 631 | 825 | 817 | 1,110 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Short-term borrowings | 100 | 100 | 200 | — | — | S100R45H, S100TPUL, S100VYZK |
| Long-term borrowings | 168 | 60 | 51 | 42 | 34 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Total liabilities | 2,207 | 2,626 | 4,712 | 5,063 | 3,835 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Equity attributable to owners of parent | 13,097 | 13,227 | 15,411 | 15,504 | 16,401 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Retained earnings | 9,565 | 9,691 | 11,872 | 11,965 | 12,858 | S100R45H, S100TPUL, S100VYZK, S100YF8D |
| Treasury stock | -1,170 | -1,167 | -1,167 | -1,167 | -1,166 | S100R45H, S100TPUL, S100VYZK, S100YF8D |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 58% | S100YF8D |
| Property, plant and equipment | 12% | S100YF8D |
| Intangibles and goodwill | 0% | S100YF8D |
| Investment securities | 7% | S100YF8D |
| Other assets | 23% | S100YF8D |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YF8D |
| Other liabilities | 13% | S100YF8D |
| Equity | 82% | S100YF8D |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 15,954 | 17,639 | 20,900 | 21,169 | 21,108 |
| Equity | 13,747 | 15,014 | 16,188 | 16,107 | 17,273 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 7,851 | 8,209 | 12,000 | 12,014 | 12,309 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 17.0% | S100YF8D |
| Fixed assets ÷ total assets | 11.4% | S100YF8D |
| Goodwill ÷ parent equity | — | —, S100YF8D |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 58.3% |
| Cash ÷ revenue | 86.8% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 100.7% |
| Cash vs. profit gap | 224 JPY mn (of net income 13.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 45.4% |
| Shareholder payments — dividends / FCF | 67.7% |
| CapEx intensity (capex ÷ revenue) | 5.4% |
| Investing CF relative to operating CF | 43.3% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 4.6% | 0.56× | 2.6% | 1.22× | 3.2% | S100R45H |
| 2023 | 3.4% | 0.48× | 1.6% | 1.28× | 2.1% | S100TPUL |
| 2024 | 21.1% | 0.56× | 11.9% | 1.35× | 16.0% | S100VYZK |
| 2025 | 7.4% | 0.47× | 3.5% | 1.36× | 4.7% | S100YF8D |
| 2026 | 11.5% | 0.67× | 7.7% | 1.33× | 10.3% | S100YF8D |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| NIPPON ACTIVE VALUE FUND PLC(常任代理人 香港上海銀行東京支店 セキュリティーズ・サービシズ・オペレーションズ) | Major shareholder | 12.2% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 7.6% | 2026-03-31 |
| NAVF SELECT LLC(常任代理人 香港上海銀行東京支店 セキュリティーズ・サービシズ・オペレーションズ) | Major shareholder | 7.6% | 2026-03-31 |
| モルガン・スタンレーＭＵＦＧ証券株式会社 | Major shareholder | 7.3% | 2026-03-31 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) (常任代理人 株式会社三菱ＵＦＪ銀行) | Major shareholder | 5.7% | 2026-03-31 |
| THE BANK OF NEW YORK - JASDECTREATY ACCOUNT(常任代理人 株式会社みずほ銀行決済営業部) | Major shareholder | 4.5% | 2026-03-31 |
| PERSHING-DIV.OF DLJ SECS.CORP. (常任代理人 シティバンク、エヌ・エイ東京支店) | Major shareholder | 2.8% | 2026-03-31 |
| MSCO CUSTOMER SECURITIES(常任代理人 モルガン・スタンレーＭＵＦＧ証券株式会社) | Major shareholder | 1.6% | 2026-03-31 |
| ＪＰモルガン証券株式会社 | Major shareholder | 1.6% | 2026-03-31 |
| DALTON INVESTMENTS TRUST - SERIES C (常任代理人 香港上海銀行東京支店 セキュリティーズ・サービシズ・オペレーションズ) | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第50期(2025/04/01－2026/03/31) | S100YF8D | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF8D,, |
| 有価証券報告書－第49期(2024/04/01－2025/03/31) | S100VYZK | 2025-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VYZK,, |
| 有価証券報告書－第48期(2023/04/01－2024/03/31) | S100TPUL | 2024-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TPUL,, |
| 有価証券報告書－第47期(2022/04/01－2023/03/31) | S100R45H | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R45H,, |
| 訂正有価証券報告書－第46期(令和3年4月1日－令和4年3月31日) | S100PDUA | 2022-10-21 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PDUA,, |
| 有価証券報告書－第45期(令和2年4月1日－令和3年3月31日) | S100LQ14 | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LQ14,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).