Macnica Holdings: sales up, profits miss targets despite AI server demand

Macnica Holdings, Inc. reported net sales of JPY575,435 million for the six months ended September 30, 2025, surpassing its forecast by 13.4%. This increase was driven by heightened demand for AI servers and accelerated procurement due to tariff risks in the Chinese market. However, operating income of JPY17,506 million fell below the JPY19,200 million forecast by 8.8%, primarily due to foreign exchange fluctuations in Japan and Taiwan, and increased SG&A expenses from the consolidation of Navya Mobility SAS.

Net income attributable to owners of the parent also missed targets, reaching JPY11,021 million compared to the JPY12,300 million forecast, a 10.4% shortfall. Despite these profit discrepancies, the company’s full-year forecast for FY2025 remains unchanged, projecting net sales of JPY1,050,000 million and operating income of JPY42,000 million.

The company's Semiconductor Business saw sales rise by 11.1% to JPY494,785 million, while its Cybersecurity and Other IT Solutions Business grew 9.9% to JPY80,704 million. Strategic initiatives include expanding AI solutions across office, on-site, and product use, focusing on enterprise and commercial systems, and strengthening its proprietary ASM services.