EL7.AI
StocksMedium•11 November 2026•
3 min read

SWCC Raises Operating Profit Forecast to ¥36 Billion After 53.6% First-Half Growth

Key Facts

1SWCC raised its sales forecast for the fiscal year ending March 31, 2027, to ¥333,000 million and its operating profit forecast to ¥36,000 million.
2First-half sales reached ¥160,050 million, up 24.2% year on year.
3First-half operating profit rose 53.6% to ¥17,901 million.
4First-half sales in the communications and components segment increased 31.1%, and its profit rose 80.5% year on year.

SWCC raised its forecast for the fiscal year ending March 31, 2027, after posting record first-half operating profit. It now expects sales of ¥333 billion and operating profit of ¥36 billion. Results for the six months ended September 30, 2026, showed sales up 24.2% year on year to ¥160.05 billion. Operating profit rose 53.6% to ¥17.901 billion, while net profit attributable to owners of the parent company increased 104.2% to ¥14.918 billion. The revision reflects an improvement in the company’s estimates for performance during the fiscal year, with demand accelerating in growth segments. The company published its results and revised forecast on November 11, 2026.

The higher forecast compares with the previous plan, which set sales at ¥330 billion and operating profit at ¥33 billion for the same fiscal year. The company therefore added ¥3 billion to each of its sales and operating profit forecasts. SWCC said higher copper prices and increased business sales, particularly in growth activities, contributed to profit growth. It added that profit benefited from its expansion and improved productivity, while demand related to data centers, artificial intelligence and semiconductors continued to rise. These factors combine the effects of prices and demand growth for the company’s products with improvements in production efficiency.

In the energy and infrastructure segment, sales rose 19.3% and profit increased 48.3% year on year in the first half. The company attributed the performance to demand for upgrades to substations and reinforcement of transmission and distribution networks, as well as the effects of copper prices and improved productivity. This reflects the role of spending on electrical infrastructure among the growth drivers that supported the period’s results. Improvement extended to the communications and components segment, where sales increased 31.1% and profit rose 80.5% from the same period a year earlier. The segment’s growth came as demand continued for the company’s products for U.S. data centers and demand increased for semiconductor and artificial intelligence products.

First-half results improved from the same period a year earlier, when sales were ¥128.86 billion and operating profit was ¥11.651 billion. In the first quarter of the current fiscal year, SWCC recorded sales of ¥77.661 billion, up 24.9%, and operating profit of ¥8.657 billion, up 80.4% year on year. Financial comparisons take into account the company’s five-for-one split of its common shares effective October 1, 2026, and basic earnings-per-share figures also reflect the split. The company says its forecasts are based on information available and assumptions it considers reasonable when prepared, and actual results may differ substantially. Interim dividends are scheduled to begin payment on December 4, 2026.