Japanese semiconductor-related firms report mixed fiscal 2026 results

Japanese semiconductor-related companies Kokusai Electric and Mitsubishi Gas Chemical have reported divergent financial results for the fiscal year ending March 2026, driven by shifts in the semiconductor market and strategic restructuring.

Kokusai Electric reported a 18.5% decrease in operating profit to 41.8 billion yen, despite a minor 1.6% decline in revenue. The company attributed the profit drop to lower factory utilization rates, changes in product composition, and increased investment in research and development, which rose to 18.2 billion yen. Despite the decline, the company maintained a gross profit margin of over 41%.

Mitsubishi Gas Chemical recorded a net loss of approximately 40 billion yen due to an impairment loss exceeding 80 billion yen, primarily stemming from the decision to cancel a new plant construction project in the Netherlands. However, the company’s stock has trended upward since last autumn, supported by strong performance in its ICT sector. The company holds leading global market shares in BT materials for semiconductor packaging and ultrapure hydrogen peroxide used in wafer cleaning.