# Socionext Inc.: 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12期(2025/04/01－2026/03/31) (S100YHHK)
> Page: https://vizora.meequs.com/en/company/socionext
> Retrieved: 2026-09-30T20:48:05.400Z

## Company

Socionext, founded in 2014, is a company in Semiconductors listed on TSE Prime. It has 2,469 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Socionext Inc. |
| Ticker | 6526 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/6526.T) |
| Listing | TSE Prime |
| Head office | 神奈川県横浜市港北区新横浜二丁目10番23 |
| Representative (per filing) | 代表取締役会長兼CEO 肥塚 雅博 |
| Founded | Sep 2014 |
| Share capital | ¥33B |
| Employees (consolidated) | 2,469 |
| Average salary (parent only) | ¥9.6M |
| Fiscal year end | March |
| Website | www.socionext.com (https://www.socionext.com/) |
| Corporate number | 7020001107604 |
| EDINET | E37978 |
| Industries (Vizora) | Semiconductors |

> Profile source: annual securities report (S100YHHK, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Semiconductors (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 88.5 | 13 |
| Profitability | 60.7 | 14 |
| Cash conversion | 5.6 | 9 |
| Efficiency | 96.4 | 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)

- Socionext brought in ¥200.8B in revenue.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +6.5% from the prior year, operating profit -50.6%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥200834000000 → ¥8733000000
- Net income → operating cash flow: ¥8733000000 → ¥7693000000（difference ¥-1040000000）
- Main uses of operating cash flow: CapEx ¥22907000000 / dividends ¥8854000000 / buybacks ¥5000000000
- Change in cash: ¥-28296000000
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 | ¥200.8B |  |
| Operating income | ¥12.4B | Margin 6.2% |
| Net income | ¥8.73B | Margin 4.3% |
| Free cash flow | -¥15.2B |  |
| Employees (consolidated) | 2,469 |  |
| EPS | ¥47.44 |  |
| Diluted EPS | ¥47.16 |  |
| Book value per share | ¥700.33 |  |
| Equity ratio | 79.4% |  |
| Shares outstanding | 179,968,630 |  |
| Treasury shares | 3,476,800 |  |
| Shareholders | 77,053 |  |
| Average salary (parent only) | ¥9.6M | Filing company only |
| Cash ratio | 26.6% | Cash ÷ revenue 22.2% |
| Vs. industry median margin | +2.9 pp | Semiconductors |
| ROE | 6.6% | Derived from disclosed figures |
| ROA | 5.2% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 27% of total assets

## What changed in 4 years

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥117009000000 | ¥200834000000 | +71.6% |
| Operating income | ¥8463000000 | ¥12354000000 | +46.0% |
| Operating margin | 7.2% | 6.2% | -1.1 pp |
| Employees | 2,569 people | 2,469 people | -3.9% |
| Cash and equivalents | ¥46271000000 | ¥44541000000 | -3.7% |

### Change in segment revenue mix

Span: FY ending Mar 2022 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 200,834 | 100.0% | S100YHHK |
| Cost of revenue | 111,057 | 55.3% | S100YHHK |
| Gross profit | 89,777 | 44.7% | S100YHHK |
| SG&A | 77,423 | 38.6% | S100YHHK |
| Operating income | 12,354 | 6.2% | S100YHHK |
| Ordinary income | 11,756 | 5.9% | S100YHHK |
| Pretax income | 11,756 | 5.9% | S100YHHK |
| Income tax | 3,023 | 1.5% | S100YHHK |
| Net income | 8,733 | 4.3% | S100YHHK |
| Net income attributable to owners | 8,733 | 4.3% | S100YHHK |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 55 |
| SG&A | 39 |
| Operating income | 6 |
| (Ref.) Net income | 4 |

### Margin funnel

Gross margin 44.7% → Operating margin 6.2% → Net margin 4.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +6.5%; Core profit growth: -50.6%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -7.75×
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 | 188,535 | 200,834 | 12,299 | +6.5% |
| Gross profit | 103,919 | 89,777 | -14,142 | -13.6% |
| Operating income | 25,000 | 12,354 | -12,646 | -50.6% |
| Net income attributable to owners | 19,600 | 8,733 | -10,867 | -55.4% |
| Operating cash flow | 31,866 | 7,693 | -24,173 | -75.9% |
| Free cash flow | 15,287 | -15,214 | -30,501 | -199.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2022 | 117,009 | 8,463 | 7.2% | 7,480 | 16,355 | 3,577 | S100R9DF |
| FY ending Mar 2023 | 192,767 | 21,711 | 11.3% | 19,763 | 18,019 | -1,754 | S100TVNW |
| FY ending Mar 2024 | 221,246 | 35,510 | 16.1% | 26,134 | 52,882 | 29,816 | S100W3DR |
| FY ending Mar 2025 | 188,535 | 25,000 | 13.3% | 19,600 | 31,866 | 15,287 | S100YHHK |
| FY ending Mar 2026 | 200,834 | 12,354 | 6.2% | 8,733 | 7,693 | -15,214 | S100YHHK |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥81.3M |
| Operating income per employee (consolidated) | ¥5M |
| Net income per employee (consolidated) | ¥3.5M |

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) | 2,569 | 2,526 | 2,534 | 2,490 | 2,469 |
| Average salary (parent company) | — | ¥8.6M | ¥9.2M | ¥9.3M | ¥9.6M |
| Average age (parent company) | — | 49.4 years | 49.8 years | 50.2 years | 50.6 years |
| Average tenure (parent company) | — | 7.3 years | 8.1 years | 8.8 years | 9.6 years |

Year over year: Employees (consolidated) -0.8% · Revenue (consolidated) +6.5%

## 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 | 7,693 | 3.8% | S100YHHK |
| Capital expenditure | 22,907 | 11.4% | S100YHHK |
| Free cash flow | -15,214 | -7.6% | 算出 |
| Investing cash flow | -22,884 | -11.4% | S100YHHK |
| Financing cash flow | -14,240 | -7.1% | S100YHHK |
| Dividends paid | 8,854 | 4.4% | S100YHHK |
| Share buyback | 5,000 | 2.5% | S100YHHK |
| Change in cash | -28,296 | -14.1% | S100YHHK |
| Cash and equivalents | 44,541 | 22.2% | S100YHHK |

## 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 | 46,271 | 45,136 | 69,738 | 72,837 | 44,541 | S100TVNW, S100W3DR, S100YHHK |
| Total assets | 118,428 | 193,945 | 186,840 | 170,312 | 167,623 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Net assets | 89,609 | 109,864 | 131,020 | 137,046 | 133,056 | S100TVNW, S100W3DR, S100YHHK |
| Share capital | 30,200 | 30,200 | 32,656 | 32,971 | 33,020 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Property, plant and equipment | 11,628 | 17,180 | 21,800 | 22,338 | 23,879 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Intangible assets excluding goodwill | 12,248 | 12,962 | 18,464 | 14,408 | 15,142 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Investment securities | 0 | 0 | 0 | 0 | 0 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Current assets | 90,616 | 156,067 | 138,901 | 126,290 | 122,819 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Current liabilities | 27,441 | 82,338 | 53,094 | 31,271 | 32,520 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Total liabilities | 28,819 | 84,081 | 55,820 | 33,266 | 34,567 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Equity attributable to owners of parent | 89,267 | 109,030 | 128,998 | 135,237 | 130,311 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Retained earnings | 28,867 | 48,630 | 63,604 | 74,252 | 74,131 | S100R9DF, S100TVNW, S100W3DR, S100YHHK |
| Treasury stock | — | — | -3 | -5,003 | -10,773 | S100W3DR, S100YHHK |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 27% | S100YHHK |
| Property, plant and equipment | 14% | S100YHHK |
| Intangibles and goodwill | 9% | S100YHHK |
| Other assets | 50% | S100YHHK |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 21% | S100YHHK |
| Equity | 79% | S100YHHK |

### 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 | 118,428 | 193,945 | 186,840 | 170,312 | 167,623 |
| Equity | 89,609 | 109,864 | 131,020 | 137,046 | 133,056 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 46,271 | 45,136 | 69,738 | 72,837 | 44,541 |

## 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) | 11.9% | S100YHHK |
| Fixed assets ÷ total assets | 14.2% | S100YHHK |
| Goodwill ÷ parent equity | — | —, S100YHHK |

### 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) | 26.6% |
| Cash ÷ revenue | 22.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 62.3% |
| Cash vs. profit gap | -1,040 JPY mn (of net income -11.9%) |
| Shareholder returns / net income | 158.6% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 101.4% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 11.4% |
| Investing CF relative to operating CF | 297.5% |

## 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 | 6.4% | 0.99× | 6.3% | 1.33× | 8.4% | S100R9DF |
| 2023 | 10.3% | 1.23× | 12.7% | 1.58× | 19.9% | S100TVNW |
| 2024 | 11.8% | 1.16× | 13.7% | 1.60× | 22.0% | S100W3DR |
| 2025 | 10.4% | 1.06× | 11.0% | 1.35× | 14.8% | S100YHHK |
| 2026 | 4.3% | 1.19× | 5.2% | 1.27× | 6.6% | S100YHHK |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 22.0% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 8.9% | 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 | 2.8% | 2026-03-31 |
| JP MORGAN CHASE BANK 385781 （常任代理人 株式会社みずほ銀行決済営業部） | Major shareholder | 1.4% | 2026-03-31 |
| NORTHERN TRUST CO.(AVFC) RE UKUC UCITS CLIENTS NON LENDING 10PCT TREATY ACCOUNT (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・オペレーションズ部) | Major shareholder | 1.3% | 2026-03-31 |
| HSBC-FUND SERVICES CLIENTS A/C 500 （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・オペレーションズ部） | Major shareholder | 1.2% | 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 | 1.2% | 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 | 1.1% | 2026-03-31 |
| HSBC HONG KONG-TREASURYSERVICES A/C ASIAN EQUITIES DERIVATIVES (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・オペレーションズ部) | Major shareholder | 1.1% | 2026-03-31 |
| MORGAN STANLEY & CO. LLC （常任代理人 モルガン・スタンレーMUFG証券株式会社） | Major shareholder | 0.9% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第12期(2025/04/01－2026/03/31) | S100YHHK | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YHHK,, |
| 有価証券報告書－第11期(2024/04/01－2025/03/31) | S100W3DR | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3DR,, |
| 有価証券報告書－第10期(2023/04/01－2024/03/31) | S100TVNW | 2024-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TVNW,, |
| 有価証券報告書－第9期(2022/04/01－2023/03/31) | S100R9DF | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R9DF,, |

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

| Partner | Type | Description | Source |
| --- | ---: | ---: | ---: |
| 加賀電子 | Supply/OEM | ソシオネクストの IC を加賀FEIが販売（販売特約店契約） | S100YNQJ |

## 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).