# ROHM COMPANY LIMITED: 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68期(2025/04/01－2026/03/31) (S100YF41)
> Page: https://vizora.meequs.com/en/company/rohm
> Retrieved: 2026-09-30T19:09:18.323Z

## Company

Rohm, founded in 1958, is a company in Semiconductors listed on TSE Prime. It has 21,756 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | ROHM COMPANY LIMITED |
| Ticker | 6963 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6963.T) |
| Listing | TSE Prime |
| Head office | 京都市右京区西院溝崎町21番地 |
| Representative (per filing) | 代表取締役社長 社長執行役員 東 克己 |
| Founded | Sep 1958 |
| Share capital | ¥87B |
| Employees (consolidated) | 21,756 |
| Average salary (parent only) | ¥8M |
| Fiscal year end | March |
| Website | www.rohm.co.jp (https://www.rohm.co.jp/) |
| Corporate number | 9130001000052 |
| EDINET | E01953 |
| Industries (Vizora) | Semiconductors, Electronic Components |

> Profile source: annual securities report (S100YF41, filed 2026-06-19). As of filing

## Five-axis industry profile

Primary industry: Semiconductors (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 42.3 | 13 |
| Profitability | 46.4 | 14 |
| Cash conversion | 94.4 | 9 |
| Efficiency | 32.1 | 14 |

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 45% of Rohm's sales come from ICs, with Discrete Semiconductor Devices and Modules making up much of the rest.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed +7.3% from the prior year, and it swung back to an operating profit.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥481.1B |  |
| Operating income | ¥10.9B | Margin 2.3% |
| Net income | -¥158.4B | Margin -32.9% |
| Free cash flow | -¥21.5B |  |
| Largest business | ICs | of segment revenue 45.4% |
| Employees (consolidated) | 21,756 |  |
| EPS | ¥-415.18 |  |
| Book value per share | ¥695.72 |  |
| Equity ratio | 59.1% |  |
| Shares outstanding | 403,760,000 |  |
| Treasury shares | 17,719,400 |  |
| Shareholders | 81,079 |  |
| Average salary (parent only) | ¥8M | Filing company only |
| Cash ratio | 33.4% | Net cash ¥28.7B · Cash ÷ revenue 89.1% |
| Vs. industry median margin | -1 pp | Semiconductors |
| ROA | -11.6% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 76% of positive segment profit
- FY2026, segment profit share differs by 31 points
- FY2026, cash is 33% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥359888000000 | ¥481148000000 | +33.7% |
| Operating income | ¥38488000000 | ¥10864000000 | -71.8% |
| Operating margin | 10.7% | 2.3% | -8.4 pp |
| Employees | 22,370 people | 21,756 people | -2.7% |
| Cash and equivalents | ¥262168000000 | ¥428714000000 | +63.5% |

### 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 |
| --- | ---: |
| ＬＳＩ → ＬＳＩ | 45.4% |
| ＬＳＩ → 事業再編・廃止 | 1.3% |
| 半導体素子 → 半導体素子 | 39.6% |
| モジュール → モジュール | 6.6% |
| モジュール → 事業再編・廃止 | 1.6% |
| その他 → その他 | 5.4% |
| その他 → 事業再編・廃止 | 0.2% |
| 新設・再編 → 半導体素子 | 3.1% |

Segment revenue source references: 8 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| ICs | 5 years | +5.4% | ¥218390000000 | 11.2% | 2 |
| Discrete Semiconductor Devices | 5 years | +7.6% | ¥205263000000 | -11.1% | 2 |
| Modules | 5 years | +1.6% | ¥31589000000 | 11.1% | 2 |
| Other | 5 years | +5.1% | ¥25903000000 | 15.8% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 481,148 | 100.0% | S100YF41 |
| Cost of revenue | 365,921 | 76.1% | S100YF41 |
| Gross profit | 115,226 | 23.9% | S100YF41 |
| SG&A | 104,361 | 21.7% | S100YF41 |
| Operating income | 10,864 | 2.3% | S100YF41 |
| Ordinary income | 19,222 | 4.0% | S100YF41 |
| Pretax income | -170,902 | -35.5% | S100YF41 |
| Income tax | -12,506 | -2.6% | S100YF41 |
| Net income | -158,395 | -32.9% | S100YF41 |
| Net income attributable to owners | -158,424 | -32.9% | S100YF41 |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 76 |
| SG&A | 22 |
| Operating income | 2 |
| (Ref.) Net income | -33 |

### Margin funnel

Gross margin 23.9% → Operating margin 2.3% → Net margin -32.9%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned profitable
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 | 448,466 | 481,148 | 32,682 | +7.3% |
| Gross profit | 74,263 | 115,226 | 40,963 | +55.2% |
| Operating income | -40,061 | 10,864 | 50,925 | — |
| Net income attributable to owners | -50,065 | -158,424 | -108,359 | — |
| Operating cash flow | 83,956 | 89,448 | 5,492 | +6.5% |
| Free cash flow | -51,836 | -21,517 | 30,319 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 362,885 | 29,489 | 8.1% | 25,632 | 79,130 | 37,250 | S100LO3Z |
| FY ending Mar 2021 | 359,888 | 38,488 | 10.7% | 37,002 | 45,975 | 13,598 | S100OE2P |
| FY ending Mar 2022 | 452,124 | 71,479 | 15.8% | 66,827 | 92,181 | 25,602 | S100R56A |
| FY ending Mar 2023 | 507,882 | 92,316 | 18.2% | 80,375 | 98,628 | -2,141 | S100TS31 |
| FY ending Mar 2024 | 467,780 | 43,327 | 9.3% | 53,965 | 82,858 | -83,415 | S100W2W6 |
| FY ending Mar 2025 | 448,466 | -40,061 | -8.9% | -50,065 | 83,956 | -51,836 | S100YF41 |
| FY ending Mar 2026 | 481,148 | 10,864 | 2.3% | -158,424 | 89,448 | -21,517 | S100YF41 |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥22.1M |
| Operating income per employee (consolidated) | ¥499.4K |
| Net income per employee (consolidated) | -¥7.3M |

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) | 23,401 | 23,754 | 23,319 | 22,608 | 21,756 |
| Average salary (parent company) | ¥7.9M | ¥8.6M | ¥8.8M | ¥8.1M | ¥8M |
| Average age (parent company) | 41.2 years | 41.3 years | 41.0 years | 42.2 years | 42.4 years |
| Average tenure (parent company) | 14.9 years | 14.9 years | 14.8 years | 13.7 years | 14.0 years |

Year over year: Employees (consolidated) -3.8% · Revenue (consolidated) +7.3%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| ICs | 218,390 | 45.4% | 24,535 | 11.2% |
| Discrete Semiconductor Devices | 205,263 | 42.7% | -22,704 | -11.1% |
| Modules | 31,589 | 6.6% | 3,522 | 11.1% |
| Other | 25,903 | 5.4% | 4,104 | 15.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| ICs | 45.4% | 76.3% | 30.9 | 11.2% |
| Discrete Semiconductor Devices | 42.7% | — | — | -11.1% |
| Modules | 6.6% | 11.0% | 4.4 | 11.1% |
| Other | 5.4% | 12.8% | 7.4 | 15.8% |

Loss-making segment (excluded from profit shares): Discrete Semiconductor Devices -22,704 JPY mn

Segment → industry: Discrete Semiconductor Devices → Semiconductors / ICs → Semiconductors / Other → Electronic Components / Modules → 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 | 89,448 | 18.6% | S100YF41 |
| Capital expenditure | 110,965 | 23.1% | S100YF41 |
| Free cash flow | -21,517 | -4.5% | 算出 |
| Investing cash flow | 108,594 | 22.6% | S100YF41 |
| Financing cash flow | -20,808 | -4.3% | S100YF41 |
| Dividends paid | 19,300 | 4.0% | S100YF41 |
| Share buyback | 0 | 0.0% | S100YF41 |
| Change in cash | 193,747 | 40.3% | S100YF41 |
| Cash and equivalents | 428,714 | 89.1% | S100YF41 |

## 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 | 295,223 | 294,254 | 228,104 | 234,966 | 428,714 | S100TS31, S100W2W6, S100YF41 |
| Total assets | 1,029,132 | 1,123,283 | 1,481,274 | 1,440,765 | 1,283,559 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Net assets | 840,353 | 915,465 | 968,102 | 889,655 | 758,616 | S100TS31, S100W2W6, S100YF41 |
| Share capital | 86,969 | 86,969 | 86,969 | 86,969 | 86,969 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Trade receivables | 100,151 | 100,472 | 88,934 | 77,285 | 82,600 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Property, plant and equipment | 292,090 | 363,771 | 478,330 | 491,305 | 325,819 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Intangible assets excluding goodwill | 5,266 | 5,722 | 8,258 | 6,369 | 4,790 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Goodwill | 795 | 497 | 198 | — | — | S100R56A, S100TS31, S100W2W6 |
| Investment securities | 87,506 | 76,976 | 373,647 | 351,511 | 158,012 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Current assets | 620,004 | 653,979 | 592,747 | 561,245 | 750,137 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Current liabilities | 105,877 | 131,907 | 466,016 | 219,623 | 198,022 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Trade payables | 18,105 | 16,157 | 16,134 | 19,534 | 23,730 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Short-term borrowings | — | — | 300,000 | 100,000 | 100,000 | S100W2W6, S100YF41 |
| Long-term borrowings | — | — | — | 100,000 | 100,000 | S100YF41 |
| Bonds | 40,536 | 40,336 | — | 200,000 | 200,000 | S100R56A, S100TS31, S100YF41 |
| Interest-bearing debt | — | — | — | 400,000 | 400,000 | 算出 |
| Total liabilities | 188,778 | 207,817 | 513,172 | 551,110 | 524,942 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Non-controlling interests | 536 | 552 | 630 | 621 | 651 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Equity attributable to owners of parent | 810,851 | 870,656 | 885,199 | 815,924 | 638,301 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Retained earnings | 661,386 | 721,151 | 755,652 | 667,387 | 489,636 | S100R56A, S100TS31, S100W2W6, S100YF41 |
| Treasury stock | -39,915 | -39,880 | -59,857 | -40,836 | -40,708 | S100R56A, S100TS31, S100W2W6, S100YF41 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 34% | S100YF41 |
| Receivables | 7% | S100YF41 |
| Property, plant and equipment | 25% | S100YF41 |
| Intangibles and goodwill | 0% | S100YF41 |
| Investment securities | 12% | S100YF41 |
| Other assets | 22% | S100YF41 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 2% | S100YF41 |
| Interest-bearing debt | 31% | 算出 |
| Other liabilities | 8% | S100YF41 |
| Equity | 59% | S100YF41 |
| Other liabilities | 0% | S100YF41 |

### 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 | 1,029,132 | 1,123,283 | 1,481,274 | 1,440,765 | 1,283,559 |
| Equity | 840,353 | 915,465 | 968,102 | 889,655 | 758,616 |
| Interest-bearing debt | — | — | — | 400,000 | 400,000 |
| Cash | 295,223 | 294,254 | 228,104 | 234,966 | 428,714 |

## 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) | 67.7% | S100YF41 |
| Fixed assets ÷ total assets | 25.4% | S100YF41 |
| Goodwill ÷ parent equity | — | —, S100YF41 |

### 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) | 33.4% |
| Cash ÷ revenue | 89.1% |
| Net cash (cash − interest-bearing debt) | ¥28.7B |
| Net debt ÷ operating cash flow | -0.32× |
| Cash conversion (operating CF ÷ operating income) | 823.3% |
| Cash vs. profit gap | 247,872 JPY mn |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 23.1% |
| Investing CF relative to operating CF | 121.4% |

## 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 | 14.8% | 0.44× | 6.5% | 1.27× | 8.2% | S100R56A |
| 2023 | 15.8% | 0.47× | 7.5% | 1.28× | 9.6% | S100TS31 |
| 2024 | 11.5% | 0.36× | 4.1% | 1.48× | 6.1% | S100W2W6 |
| 2025 | — | —× | -3.4% | —× | — | S100YF41 |
| 2026 | — | —× | -11.6% | —× | — | S100YF41 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行㈱（信託口） | Major shareholder | 17.8% | 2026-03-31 |
| 公益財団法人ロームミュージックファンデーション | Major shareholder | 10.8% | 2026-03-31 |
| ㈱日本カストディ銀行（信託口） | Major shareholder | 6.8% | 2026-03-31 |
| ㈱デンソー | Major shareholder | 5.0% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505001 ［常任代理人：㈱みずほ銀行決済営業部］ | Major shareholder | 3.1% | 2026-03-31 |
| GOLDMAN，SACHS ＆ CO．REG ［常任代理人：ゴールドマン・サックス証券㈱］ | Major shareholder | 2.9% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY 505301 ［常任代理人：㈱みずほ銀行決済営業部］ | Major shareholder | 2.9% | 2026-03-31 |
| ㈱京都銀行 ［常任代理人：㈱日本カストディ銀行］ | Major shareholder | 2.7% | 2026-03-31 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) ［常任代理人：㈱三菱UFJ銀行］ | Major shareholder | 2.3% | 2026-03-31 |
| JP MORGAN CHASE BANK 380684 ［常任代理人：㈱みずほ銀行決済営業部］ | Major shareholder | 1.6% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- Revenue for the FY ending Mar 2026 was ¥481.1B, up +7.3% from ¥448.5B.
- Gross profit jumped +55.2% to ¥115.2B, and operating income swung from -¥40.1B to ¥10.9B.
- Large impairment charges, mainly on the SiC (silicon carbide) business, pushed the net loss from -¥50.1B to -¥158.4B.
- Operating cash flow grew +6.5% to ¥89.4B, and free cash flow improved to -¥21.5B from -¥51.8B.

### Drivers

- Sales grew in the automotive, consumer, and industrial equipment markets
- Restructuring carried out in the prior year cut fixed costs
- Growth forecasts for battery electric vehicles came in below earlier assumptions, leading to impairment losses mainly on SiC business assets

### Risks

- Slower growth in electric vehicles could hurt demand for the power devices used in them
- Price and development competition may intensify in power and analog chips, ROHM's focus areas
- US tariff policy and chip export controls could disrupt sourcing and customer business

Cited: Annual Securities Report (EDINET) (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 (EDINET) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第68期(2025/04/01－2026/03/31) | S100YF41 | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF41,, |
| 有価証券報告書－第67期(2024/04/01－2025/03/31) | S100W2W6 | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2W6,, |
| 有価証券報告書－第66期(2023/04/01－2024/03/31) | S100TS31 | 2024-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TS31,, |
| 有価証券報告書－第65期(2022/04/01－2023/03/31) | S100R56A | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R56A,, |
| 有価証券報告書－第64期(令和3年4月1日－令和4年3月31日) | S100OE2P | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OE2P,, |
| 有価証券報告書－第63期(令和2年4月1日－令和3年3月31日) | S100LO3Z | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LO3Z,, |

## Key alliances (from the filing's material contracts)

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| 株式会社東芝 | Alliance | 半導体事業の事業・経営統合に向けた協議開始の基本合意 | S100YF41 |
| 三菱電機 | Alliance | パワーデバイス事業の事業・経営統合に向けた協議開始の基本合意 | S100YF41 |

## 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).