Financial Summary for FY2026 March (Consolidated) 【Japanese Standards】

Performance Summary

For the fiscal year ending March 2026, the consolidated financial results show sales of ¥44,234 million (up 12.7% YoY), operating income of ¥3,893 million (up 26.3%), ordinary income of ¥4,015 million (up 26.7%), and net income attributable to owners of the parent of ¥2,832 million (up 3.4%), achieving revenue and profit growth. The increase in sales is mainly due to higher electrical equipment construction sales and gross profit improvements through cost reduction measures. Segments show electrical equipment construction of ¥35,474 million (up 17.0% YoY) and product sales of ¥8,759 million (down 2.1%).

Financial Position and Cash Flows

Total assets amounted to ¥39,202 million (up 17.5% YoY), net assets ¥25,182 million (up 14.9%). The equity ratio slightly decreased to 63.8% from 65.3%. Cash flows from operating activities rose significantly to ¥3,350 million, while cash flows from investing activities decreased ¥2,251 million, and cash flows from financing activities decreased ¥891 million. The balance of cash and cash equivalents at the end of the period was ¥892 million.

Dividend Policy

For FY2026 March, the total annual dividend is ¥100 (¥45 for the 2nd quarter, ¥55 for the year-end), representing an increase from the previous year's ¥84. The payout ratio is 30.8%, and the dividend yield based on net assets is 3.7%. The dividend forecast for FY2027 March is ¥100 (¥50 for the 2nd quarter, ¥50 for year-end).

Earnings Forecast for FY2027 March

The consolidated earnings forecast for FY2027 March projects sales of ¥45,000 million (up 1.7% YoY), operating income of ¥3,600 million (down 7.5%), ordinary income of ¥3,650 million (down 9.1%), and net income attributable to owners of the parent of ¥2,400 million (down 15.3%). Sales are expected to increase due to larger order intake, but profits are forecasted to decline.

Progress on Mid-term Management Plan

In the revised mid-term management plan for FY2024–2026, the company has entered the second year of Phase 1, achieving the targets of operating income over ¥3 billion, net income over ¥2 billion, and ROE over 10%. The continued goals beyond FY2027 are also surpassing results. Focus areas include carbon neutrality, creating a safe, secure, and comfortable society, and leveraging high value-added solutions to enhance corporate value.