Okano Valve Mfg.Co.Ltd. Financial Summary for the Fiscal Year Ended September 2026 (Japanese GAAP) (Consolidated)

Overview of Results

Okano Valve Mfg.Co.Ltd. reported consolidated net sales of 11,525 million yen, operating income of 2,606 million yen, ordinary income of 2,745 million yen, and net income attributable to owners of parent of 1,966 million yen for this fiscal year. Taking into account the change in the fiscal period and comparisons with the prior period, profitability remained high driven by increased orders and construction related to nuclear power. The fiscal year end was changed from November 30 to September 30, so care should be taken when making year-over-year comparisons. For the fiscal year ending September 2027, the company projects net sales of 10,760 million yen, operating income of 1,517 million yen, ordinary income of 1,642 million yen, and net income of 1,024 million yen, assuming higher cost ratios and variability in maintenance operations.

Outlook and Key Factors

Demand for valve manufacturing and maintenance for power plants is expected to continue, particularly in the nuclear sector. The outlook for FY ending September 2027 reflects a decrease in routine maintenance work and a normalization following additional orders recorded in the prior period. New business is expected to continue underperforming plans, but the company intends to strengthen order intake focused on profitability.