【Kanare Electric】2026 Interim Financial Results | Sales of 63.8 billion yen (2.9% increase)

Overview of Business Performance

Kanare Electric's interim financial results for the fiscal year ending December 2026 recorded solid sales of 63.8 billion yen (an increase of 2.9% compared to the same period last year). However, operating income was 889 million yen (a decrease of 0.4%), and net income attributable to owners of the parent was 635 million yen (a decrease of 1.8%). The growth was driven by expansion into overseas markets and steady performance in the domestic electrical construction market, while profit margins faced pressure from rising material costs and increased expenses. Segment-wise, revenue and profit increased in regions including the United States, South Korea, China, and Singapore. Financial condition remains strong with total net assets of 19,611 million yen and a shareholders' equity ratio of 92.2%.

Future Outlook and Impact on Shareholders

The company plans to continue strengthening overseas expansion and focus on developing new markets domestically and internationally. A stable dividend is expected to be maintained, similar to the plans for the fiscal year ending December 2025. Based on the results of the interim period, there are no significant changes to the full-year earnings forecast, and the company aims for steady growth. The group will actively pursue shareholder returns and capital policies, seeking to enhance long-term corporate value.