【Nippon Densi】2026 Fiscal Year Financial Results｜Sales ¥4,637.1 billion (7.7% increase)

Financial Overview

For the fiscal year ending March 2026, Nippon Densi recorded order volume of ¥5,400.1 billion (up 23.4%), with net sales of ¥4,637.1 billion (up 7.7%). Both the air conditioning instrumentation and industrial system segments achieved increased revenue, and profits expanded significantly. Operating income reached ¥1,182.1 billion (up 29.6%), and net income was ¥844.2 billion (up 31.6%), setting new record highs. The air conditioning instrumentation segment performed well, with order volume of ¥4,823.1 billion (up 24.0%) and sales of ¥4,169.7 billion (up 5.9%). The industrial systems segment also saw increases in orders and sales, contributing to strengthening future earnings foundations.

Financial Position and Future Outlook

As of the end of March 2026, total assets stood at ¥6,109.9 billion (an increase of ¥821.2 billion from the previous period), and net assets totaled ¥4,685.7 billion (up ¥736.1 billion). Cash flows improved, with cash and cash equivalents increasing to ¥1,358.5 billion (up 26.4%). Looking ahead, driven by demand for urban redevelopment and factory construction in the Tokyo metropolitan area, the air conditioning instrumentation segment is expected to expand. Meanwhile, risks related to geopolitical tensions in the Middle East and fluctuations in material prices will be monitored. The earnings forecast for March 2027 projects sales of ¥5,150.0 billion (up 11.1% YoY) and net income of ¥870.0 billion (up 2.8% YoY).