MegaChips Corporation

株式会社メガチップス

Electric Appliances

MegaChips Corporation, a semiconductor company, designs, develops, manufactures, and sells products centering on system LSIs in Japan and internationally. The company offers application specific integrated circuits; application specific standard products comprising semiconductors and tool kits; and modularized semiconductor products. MegaChips Corporation was incorporated in 1967 and is headquartered in Osaka, Japan.

← Companies

Price

¥12,380

Market Cap

¥211.3B

Ent. Value

—

Net Cash est

—

Shares Out.

17.1M

P / E

40.4×

EV / EBIT

—

P / Book

1.79×

P / NCAV

17.75×

Div. Yield

1.13%

Financials

Metric	FY 2026 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥42.0B	¥42.3B	¥57.9B	¥70.7B	¥75.3B
Cost of Sales	—	¥34.5B	¥46.5B	¥58.7B	¥61.6B
Gross Profit	—	¥7.8B	¥11.4B	¥12.0B	¥13.6B
SG&A	—	¥5.6B	¥6.0B	¥6.0B	¥6.6B
Operating Income	¥42.0B	¥2.2B	¥5.5B	¥6.0B	¥7.0B
Non-Operating Income	—	¥652M	¥923M	¥1.3B	¥1.0B
Dividend Income	—	¥55M	¥187M	¥176M	¥113M
Interest Income	—	¥275M	¥262M	¥116M	¥7M
Non-Operating Expenses	—	¥233M	¥3.0B	¥63M	¥190M
Interest Expense	—	¥11M	¥4M	¥7M	¥23M
Ordinary Income	¥42.0B	¥2.6B	¥3.5B	¥7.3B	¥7.9B
Pre-tax Income	—	¥8.1B	¥8.2B	¥10.3B	¥36.4B
Income Taxes	—	¥2.7B	¥3.8B	¥3.2B	¥8.8B
Current Tax	—	¥2.8B	¥3.7B	¥2.6B	¥8.1B
Deferred Tax	—	¥-133M	¥96M	¥591M	¥705M
Net Income (owners)	—	¥5.4B	¥4.5B	¥7.1B	¥27.5B
Minority Interest	—	¥20M	¥-15M	—	—
Comprehensive Income	—	¥22.9B	¥41.7B	¥8.8B	¥30.1B
EBITDA	—	¥2.9B	¥6.0B	¥6.4B	¥7.3B
EPS	—	¥306.27	¥242.30	¥369.40	¥1,349.01
Shares Outstanding	—	17.1M	18.2M	19.2M	19.2M
Shares Issued (total)	—	20.7M	21.1M	22.0M	22.0M
Treasury Shares	—	3.6M	3.0M	2.8M	2.8M

Metric	FY 2026 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	—	¥149.9B	¥126.6B	¥89.0B	¥89.8B
Current Assets	—	¥43.6B	¥46.1B	¥48.8B	¥57.5B
Cash & Deposits	—	¥20.8B	¥28.1B	¥19.3B	¥25.8B
Trade Receivables	—	¥15.6B	¥10.5B	¥10.4B	¥8.0B
Non-Current Assets	—	¥106.3B	¥80.5B	¥40.3B	¥32.4B
PP&E	—	¥2.2B	¥1.8B	¥1.8B	¥1.8B
Intangible Assets	—	¥659M	¥566M	¥457M	¥423M
Investment Securities	—	¥101.6B	¥75.6B	¥14.2B	¥5.7B
Deferred Tax Assets	—	¥29M	¥34M	¥1.0B	¥1.6B
Total Liabilities	—	¥31.7B	¥23.9B	¥14.5B	¥22.4B
Current Liabilities	—	¥8.0B	¥8.6B	¥13.9B	¥21.4B
Accounts Payable	—	¥3.1B	¥2.5B	¥7.3B	¥8.1B
Taxes Payable	—	¥1.1B	¥2.5B	¥2.0B	¥8.0B
Non-Current Liabilities	—	¥23.7B	¥15.3B	¥584M	¥1.0B
Deferred Tax Liab.	—	¥23.6B	¥14.5B	—	—
Total Equity	—	¥118.2B	¥102.7B	¥74.5B	¥67.4B
Capital Stock	—	¥4.8B	¥4.8B	¥4.8B	¥4.8B
Capital Surplus	—	¥9.4B	¥9.4B	¥9.4B	¥9.4B
Retained Earnings	—	¥59.1B	¥57.2B	¥61.4B	¥56.0B
Treasury Stock	—	¥-13.5B	¥-9.5B	¥-8.3B	¥-8.4B
AOCI	—	¥58.0B	¥40.5B	¥7.3B	¥5.6B
Equity (owners)	—	¥59.8B	¥61.9B	¥67.3B	¥61.8B
Minority Interests	—	¥436M	¥265M	—	—

Net Cash ⓘ	—	¥20.8B	¥28.1B	¥19.3B	¥25.8B
NCAV ⓘ	—	¥11.9B	¥22.2B	¥34.3B	¥35.1B
NCAV/Share	—	¥697	¥1,222	¥1,785	¥1,829
BV/Share	—	¥3,502	¥3,407	¥3,505	¥3,226

Metric	FY 2026 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	—	¥-3.7B	¥8.2B	¥1.2B	¥-195M
Interest Paid	—	¥-11M	¥-4M	¥-7M	¥-30M
Interest Received	—	¥324M	¥438M	¥263M	¥120M
D&A	—	¥709M	¥524M	¥406M	¥308M
Investing CF	—	¥3.6B	¥214M	¥-5.5B	¥20.0B
CapEx	—	¥2.3B	¥944M	¥789M	¥788M
Purchase Investments	—	¥-869M	¥-1.3B	¥-9.4B	¥-1.6B
Proceeds from Invest.	—	¥8.7B	—	—	—
Financing CF	—	¥-7.5B	¥-5.4B	¥-1.7B	¥-16.5B
Dividends Paid	—	¥-2.0B	¥-1.7B	¥-1.7B	¥-1.7B
Share Buybacks	—	¥-5.6B	¥-3.9B	¥-8M	¥-10.0B
LT Debt Repaid	—	—	—	—	¥-2.8B
Free Cash Flow	—	¥-6.0B	¥7.2B	¥452M	¥-983M
Net Change in Cash	—	¥-7.6B	¥4.4B	¥-5.1B	¥4.4B

Metric	FY 2026 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	—	4.9%	5.1%	10.0%	46.9%
ROA	—	3.9%	4.2%	7.9%	30.7%
EPS	—	¥306.27	¥242.30	¥369.40	¥1,349.01
DPS	—	¥140.00	¥110.00	¥90.00	¥90.00
BPS	—	¥6,901.20	¥5,639.82	¥3,883.46	¥3,517.30
FCF/Share	—	¥-353	¥397	¥24	¥-51
NCAV/Share	—	¥697	¥1,222	¥1,785	¥1,829
Payout Ratio	—	45.7%	45.4%	24.4%	6.7%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 7

Date	Activist	Stake	Event	Flag	Demands
2025-11-19	―	4.9% -1.48%	change	✓ Activist	—
2025-10-08	―	6.38% +1.28%	change	✓ Activist	—
2025-10-01	―	5.1%	initial_5pct	✓ Activist	—
2024-11-08	Baillie Gifford & Co	4.33% -1.0%	change	Passive	—
2023-09-08	Shindo Masahiro	16.89%	change	Passive	—
2023-08-04	Baillie Gifford & Co	5.33% -1.11%	change	Passive	—
2023-06-20	Baillie Gifford & Co	6.44%	change	Passive	—

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-14 15:30	Div Increase	¥3.7B ¥250.0/sh +79%	MegaChips announced a dividend increase to ¥250 per share for fiscal year ending March 31, 2026, up ¥110 (+78.6%) from t…
Summary MegaChips announced a dividend increase to ¥250 per share for fiscal year ending March 31, 2026, up ¥110 (+78.6%) from the prior year's ¥140 per share. Total dividend payout is ¥3,740 million, with the ordinary dividend at ¥250/share and payment commencing June 5, 2026. The company maintains a policy of distributing at least 30% of attributable net profit while preserving financial strength for R&D and strategic investments. Deadline: 2026-06-05 YoY: +79% Source (JP) 2026年3月31日現在の株主様に対し、前期実績から110円の増配となる年間１株当たり250円の配当を普通配当として実施することを決定いたしました。剰余金の配当に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	Japan Master Trust Bank 日本マスタートラスト信託銀行株式会社（信託口）	2,015	11.81%
2	株式会社シンドウ・アンド・アソシエイツ	1,260	7.39%
3	有限会社シンドウ	1,239	7.26%
4	ＢＮＹＧＣＭＣＬＩＥＮＴＡＣＣＯＵＮＴＪＰＲＤＡＣＩＳＧ（ＦＥ－ＡＣ）（常任代理人株式会社三菱ＵＦＪ銀行）	785	4.60%
5	Japan Custody Bank 株式会社日本カストディ銀行（信託口）	664	3.89%
6	進藤晶弘	556	3.26%
7	進藤律子	536	3.14%
8	松井典子	507	2.97%
9	青木未佳	494	2.90%
10	株式会社三菱ＵＦＪ銀行	487	2.86%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

15.7%

+1.3% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

0.0%

+0.0% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

34.4%

+1.7% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
Japan Master Trust Bank 日本マスタートラスト信託銀行		11.15%	10.46%	11.81% +1.35%
式会社シンドウ・アンド・アソシエイツ		6.46%	6.83%	7.39% +0.56%
限会社シンドウ		6.46%	6.83%	7.26% +0.43%
ＢＮＹＧＣＭＣＬＩＥＮＴＡＣＣＯＵＮＴＪＰＲＤＡＣＩＳＧ（ＦＥ－ＡＣ） NEW ENTRY	—	—	—	4.60% NEW
Japan Custody Bank 日本カストディ銀行		3.56%	3.98%	3.89% -0.09%
進藤晶弘		2.86%	3.04%	3.26% +0.22%
進藤律子		2.80%	2.96%	3.14% +0.18%
松井典子		2.64%	2.79%	2.97% +0.18%
青木未佳		2.58%	2.73%	2.90% +0.17%
式会社三菱ＵＦＪ銀行 NEW ENTRY		2.54%	—	2.86% NEW
GOLDMAN SACHS INTERNATIONAL ＧＯＬＤＭＡＮＳＡＣＨＳＩＮＴＥＲＮＡＴＩＯＮＡＬ last seen 2024	Exited Top 10	—	4.77%	—
THE BANK OF NEW YORK ＴＨＥＢＡＮＫＯＦＮＥＷＹＯＲＫ１３３６５２ last seen 2024	Exited Top 10	3.06%	2.78%	—
Concentration (HHI) ⓘ		266	282	329

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥87,314M

Holdings 1

Held Company	FY2025 ¥87,314M total
	Book Val ¥M	Shares
SiTime Corporation	87,314	3,820,000
Portfolio total	87,314

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding · Only one fiscal year available