Hirose Electric lifts full-year forecast on strong performance, industrial demand

Hirose Electric reported strong performance for the second quarter of the fiscal year ending March 2026, with cumulative sales reaching JPY 1,020.2 bn, an increase of +7.9% year-on-year. Operating profit for the period was JPY 204.6 bn, a decrease of -7.9% year-on-year, primarily due to increased material costs and personnel expenses. Sales to general industrial machinery and automotive/mobility-related sectors showed significant growth, with general industrial sales increasing by +59 bn JPY and automotive/mobility by +19 bn JPY.

Reflecting these positive trends and favorable currency movements, Hirose Electric has revised its full-year forecast for the fiscal year ending March 31, 2026. The revised sales forecast stands at JPY 2,000.0 bn (up from JPY 1,910.0 bn), and operating profit is now projected at JPY 400.0 bn (up from JPY 385.0 bn). Net profit is expected to reach JPY 300.0 bn, an increase from the previous forecast of JPY 280.0 bn. The company also announced a wire connector in its ZE150HV series was honored with a CES Innovation Award 2026 for Vehicle Tech & Advanced Mobility.