Yes. As our capacitor lead mentioned earlier, we announced an emergency additional capacity investment of about 80 billion yen, mainly for server-use MLCCs, of which roughly 40 billion is expected to be recognized on inspection and acceptance. That steps the expansion pace up from about 10% a year to a little more than 20% over these two years on a load basis, with utilization targeted at 90-95%. On the other hand, to be honest, how things will develop from 2028 onward depends on future trends.
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Yes - let me walk through it in order. Capacitors were 936.4 billion yen last year, up 12.6%, about half of our revenue, and inside that the data-center line grew 74% and is guided up 84% this year. Server-capacitor demand that we once put near 30% now looks closer to 85-90% on an annualized basis. And yet: the whole company grew about 5% with operating profit essentially flat, because servers and PCs are only around 17% of our revenue - smartphones are 36% and slipped, and our Devices and Modules segment went to a negative return on invested capital. On the rumored price hike, we considered various possibilities internally; at this point we are not raising prices - the profit gain is mix improvement, not higher prices, and our prices are in fact still declining. To be honest, whether the server surge stops there or keeps doubling for two or three more years, we still cannot fully read.
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Yes. For the fiscal year ended March 2026, we reported record revenue of 1,830.9 billion yen, up 5.0%, but operating profit of 281.8 billion yen rose only 0.8%. As our finance chief would decompose it, utilization gains and cost reductions were largely offset by a third-quarter goodwill impairment, continued price declines, and higher fixed costs. Capacitors reached 936.4 billion yen, up 12.6%, roughly half of revenue, while
Yes. As our capacitor lead mentioned earlier, the Components segment—capacitors, inductors and EMI filters—grew about 12.3% and carried the business at a 22.4% return on invested capital. On the other hand, the Devices and Modules segment declined 5.9% with a negative -3.5% ROIC, reflecting weakness in high‑frequency and communications modules. That said, to be honest, we still cannot fully read how the overall AI‑driven demand will translate to the whole company.
Yes. As our capacitor lead mentioned earlier, the market rumor of a 15-35% MLCC price hike was rejected at the source. We considered various possibilities; at this point we are not raising prices in the near term, placing importance on medium- to long-term relationships over short-term profit. The profit bridge shows prices still falling: a 105 billion yen hit last year, guided to narrow to about 73 billion yen, with the gain from mix improvement, not higher prices. That said, on the top data-center bin, procurement is prioritized over price and we have received no requests to lower prices.
Yes. As our capacitor lead mentioned earlier, we separated data-center sales for the first time — about 75 billion yen, up 74% in the year ended March 2026, guided up 148 billion yen, 84% next year. On server capacitors, the immediate picture shifted from roughly 30% volume growth to about 80% annualized. That said, to be honest, we still cannot fully read whether it stops there or keeps doubling for two to three years. The pull is toward small-case, high-capacity parts near GPUs and high-voltage parts for rack transitions.