IbidenIBIDEN CO.,LTD.4062東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Ibiden FY ending Mar 2026 results

About 58% of Ibiden's sales come from Electronics, with Other and Ceramics making up much of the rest.

Out of every ¥100 of sales, about ¥15 is left as operating profit.

Revenue changed +12.7% from the prior year, operating profit +30.3%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +12.7% · profit +30.3%, calculated from disclosed figures.

Operating leverage: 2.39× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+12.7%¥369.4B → ¥416.2B
Gross profit
+16.2%¥113.3B → ¥131.7B
Operating income
+30.3%¥47.6B → ¥62B
Net income attributable to owners
+89.0%¥33.7B → ¥63.7B
Operating cash flow
-10.5%¥118.9B → ¥106.4B
Free cash flow
Loss-¥79.6B → -¥837M

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥416.2B, up +12.7% from ¥369.4B.
  • Operating income grew faster, rising +30.3% to ¥62B.
  • Net income rose +89.0% to ¥63.7B, helped on top of the core business by gains from selling shareholdings.
  • Operating cash flow, however, fell -10.5% to ¥106.4B.

What drove the change

  • In electronics, orders for generative-AI servers stayed firm and demand for high-end substrates for general servers slowly recovered. Cost cuts at the Philippine plant also lifted profit.
  • Ceramics saw lower sales and profit: fewer orders for exhaust filters and weak demand for specialty graphite used in power chips. The EV battery safety parts business stayed in the red because of heavy fixed costs.
  • A large one-off gain from selling investment securities boosted net income.

Things to watch

  • Big shifts in technology or product needs in the server and PC markets could cut demand for its substrates.
  • If the large investments in electronics do not bring the expected orders, they could weigh on results.
  • Most sales are overseas, so a sharp and lasting rise in the yen would hit earnings hard.

Annual securities report, 173rd term / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report, 173rd term / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Ibiden sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥68
SG&A
¥17
Operating profit
¥15
Net profit kept
¥15

Annual margin trends

Gross margin31.6%
FY ending Mar 2021: 26.4%26.4%FY ending Mar 2022: 29.9%29.9%FY ending Mar 2023: 30.5%30.5%FY ending Mar 2024: 27.7%27.7%FY ending Mar 2025: 30.7%30.7%FY ending Mar 2026: 31.6%31.6%FY21FY22FY23FY24FY25FY26
Operating margin14.9%
FY ending Mar 2021: 11.9%11.9%FY ending Mar 2022: 17.7%17.7%FY ending Mar 2023: 17.3%17.3%FY ending Mar 2024: 12.8%12.8%FY ending Mar 2025: 12.9%12.9%FY ending Mar 2026: 14.9%14.9%FY21FY22FY23FY24FY25FY26
Net margin15.3%
FY ending Mar 2021: 7.9%7.9%FY ending Mar 2022: 10.3%10.3%FY ending Mar 2023: 12.5%12.5%FY ending Mar 2024: 8.5%8.5%FY ending Mar 2025: 9.1%9.1%FY ending Mar 2026: 15.3%15.3%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    訂正有価証券報告書-第173期(2025/04/01-2026/03/31)

    ID S100YFCS2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第172期(2024/04/01-2025/03/31)

    ID S100VXHK2025-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第171期(2023/04/01-2024/03/31)

    ID S100TLL32024-06-13Open
  • EDINET (FSA Japan)

    有価証券報告書-第170期(2022/04/01-2023/03/31)

    ID S100QXXT2023-06-15Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第169期(2021/04/01-2022/03/31)

    ID S100Q3GD2023-02-15Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第168期(令和2年4月1日-令和3年3月31日)

    ID S100MCNJ2021-08-30Open

Extracted from XBRL: 54 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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