Top Message

I'd like to begin by expressing my gratitude for your continued support of IBIDEN Co., Ltd. and the IBIDEN Group.

In the Electronics Operation, orders for products for generative AI servers remained generally strong. Although demand for products for PCs fell short of expectations, both net sales and operating profit increased compared to the previous fiscal year due to a gradual recovery in demand for products for general-purpose servers.
Regarding the DPF and AFP businesses, which primarily focus on the automotive exhaust system components market, both sales and operating profit decreased compared to the previous fiscal year due to a decline in sales volume resulting from a slowdown in demand. In the NEV business, although sales increased compared to the previous fiscal year due to the start of mass production, we posted an operating loss for the second consecutive year mainly due to an increase in fixed costs resulting from a sharper-than-expected slowdown in the EV market. Regarding the FGM business, both net sales and operating profit declined compared to the previous fiscal year due to sluggish demand for power semiconductors.

In the Electronics Operation market, demand for products for generative AI servers continues to remain strong, while demand for products for general-purpose servers is showing a trend of moderate growth. In FY2026, overall demand for high-performance IC package substrates, including those for general-purpose servers, is expected to grow due to continued growth in the AI sector and the increasing need to balance higher processing capacity with energy efficiency in response to growing data volumes. Our company will invest a total of approximately 500 billion yen in the electronics business over the three-year period from FY2026 to FY2028 in order to capture, to the maximum extent possible, the opportunities to increase orders for high-value-added products in growing markets. Furthermore, we will strive to enhance our global quality capabilities based on the One Factory concept, aimed at high-efficiency, high-quality manufacturing through the utilization of digital technologies, and strengthen on-site capabilities through the cultivation of skilled master-level human resources.
In the Ceramics Operation, regarding the automotive exhaust system components market, which is the mainstay of our DPF and AFP businesses, we anticipate that the trend of electrification will progress in the medium term, particularly in the passenger vehicle market, but we expect demand for products for internal combustion engines to continue to a certain extent. We will work to reliably capture demand for industrial vehicles in emerging markets--primarily the growing markets of China and India--to maintain stable profits. At the same time, in preparation for future changes in powertrains, we will strengthen our efforts to expand orders for batteries safety materials for EV and peripheral components for electric vehicles. Furthermore, regarding the FGM business, in addition to our conventional products for semiconductor manufacturing equipment, we will expand the business by making strategic investments in markets where our competitiveness can be maximized, such as the nuclear power generation sector, driven by active data center investments in North America.

At the IBIDEN Group, to achieve our next leap forward, we are advancing initiatives across five pillars as outlined in the five-year medium-term management plan that runs through FY2027, "Moving on to our New Stage 115 Plan": "Make our Business Operations Even More Competitive," "Commercialize New Products," "Promote the Manufacturing Reform," "Reform the Corporate Culture," and "Proceed with ESG management." As we work toward achieving our performance targets for the final fiscal year of the medium-term management plan--net sales of 650 billion yen and an operating profit margin of 23.1%--and toward realizing our FY2030 performance vision of sales exceeding 1 trillion yen and an operating profit margin of 30%, we are making concerted efforts as an entire Group to respond effectively to changes in the business environment and strengthen our management foundation.
Also, as part of our human capital management approach--which incorporates both management and employee perspectives--we will promote reforms to our corporate culture and personnel system that enable the development of self-sustained human resources, thereby creating an environment where every employee can work with a sense of fulfillment and pride. Furthermore, by promoting ESG management, which underpins the foundation of our business, and by strengthening our risk management system, we will contribute to the realization of a sustainable society through stable business operations.

The IBIDEN group will actively promote IR activities that contribute to improving our corporate value with emphasis on constructive communication with shareholders and investors. Specifically, we will endeavor to quickly disclose information in an easy-to-understand manner by improving our website and IR materials, including disclosure of main Q&As at briefings, in addition to periodic disclosure of materials for financial results briefings. I will be actively engaged in IR activities based on the recognition that such activities are important management issues. We aim to improve our corporate value by taking your opinions and requests seriously and reflecting them in our management.
To refine our IR activities and make information dissemination and communication more effective, we assigned an executive officer in charge of IR and established an IR department in April 2025. The department will take the initiative in upgrading IR activities, including interviews with top executives, to further enhance communication with shareholders and investors.




By steadily addressing these management challenges and risks, the IBIDEN Group will further solidify its earnings base and thrive in this age of uncertainty. We will continue our concerted efforts not only to achieve the goals of the new medium-term management plan but also to realize long-term and stable growth.
In this regard, we would like to ask for the continued support of our shareholders for the IBIDEN Group.

see more