Mitsui High-tec Cuts Medium-Term Targets Amid EV and Semiconductor Headwinds

Mitsui High-Tec, Inc. ( (JP:6966) ) just unveiled an update.

Mitsui High-tec revised the financial targets in its medium-term management plan for the fiscal years ending January 2026 through January 2028, cutting its January 2028 net sales goal from ¥310 billion to ¥263 billion and operating profit from ¥23.5 billion to ¥15 billion. The company also lowered its operating margin, ROE, and ROIC targets and reduced planned three-year capital expenditures from ¥110 billion to ¥96 billion.

Management attributed the downgrade to a slowdown in growth of the electric vehicle market affecting its Electrical Parts Business and a delayed recovery in the legacy semiconductor market weighing on its Electronic Parts Business. The more cautious financial and investment stance underscores weakening demand in two of its core end markets and signals a more conservative growth and return outlook for investors and other stakeholders through the current medium-term horizon.

The most recent analyst rating on (JP:6966) stock is a Hold with a Yen931.00 price target. To see the full list of analyst forecasts on Mitsui High-Tec, Inc. stock, see the JP:6966 Stock Forecast page.

More about Mitsui High-Tec, Inc.

Mitsui High-tec, Inc. is a Japan-based manufacturer listed on the Tokyo and Fukuoka stock exchanges. The company operates Electrical Parts and Electronic Parts businesses, supplying components for electric vehicles and legacy semiconductor applications, positioning it within key supply chains for automotive electrification and semiconductor-related products.

Average Trading Volume: 1,551,110

Technical Sentiment Signal: Sell

Current Market Cap: Yen136.5B

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