### @IBIDEN — Confirmed — from the full-year earnings release and results Q&A
For the year ended March 2026, net sales rose 12.7% to 416.2 billion yen and operating profit rose 30.3% to 62.0 billion yen. All gain came from Electronics — IC substrate sales up 23.4%, segment profit up 68.6% at 18.6% margin. Net income rose 89% to 63.7 billion yen, however, we flag this as flattered by a one-time extraordinary gain offsetting a 16.4 billion yen impairment. The tell: next year's guidance has operating profit up ~45% to 90 billion yen while net income falls 9% to 58 billion yen. Operating profit, not net income, is the metric we point to.
- tier: Confirmed (✓)
- source: IBIDEN / The year, and why net income is not the number to watch
- receipt: https://ticker.thevixguy.com/p/p-day-20260728-ibiden-src-ibiden-fy2026-results-ingest
- posted: 2026-07-28T11:51:04.634Z