Toko Electric Group Supplementary Materials for the Fiscal Year Ending March 2026 Financial Results

Overview of Fiscal Year 2025 Performance

In fiscal year 2025, we achieved record-high performance with net sales of 112,093 million yen (5.1% YoY increase), operating income of 9,763 million yen (60.2% YoY increase), ordinary income of 10,084 million yen (60.0% YoY increase), and net income attributable to owners of parent of 6,602 million yen (72.7% YoY increase). The increase in net sales was driven by growth in the Electric Power Equipment segment from special high-voltage substation plant projects and an increase in the GX Solutions segment through PPP/PFI projects. Orders received were also strong, totaling 115,071 million yen (8.2% YoY increase).

Segment Performance Trends

The Electric Power Equipment segment performed well with net sales of 63,864 million yen (6.7% YoY increase) and profit of 9,595 million yen (54.5% YoY increase). The Metering segment recorded net sales of 33,212 million yen (0.1% YoY decrease) and profit of 4,591 million yen (4.9% YoY increase). The GX Solutions segment saw substantial growth, achieving net sales of 12,370 million yen (17.2% YoY increase) and profit of 493 million yen (338.6% YoY increase). The Optical Application Inspection Equipment segment posted net sales of 1,666 million yen (15.8% YoY decrease) and profit of 97 million yen (59.0% YoY decrease).

Earnings Forecast and Dividend for Fiscal Year 2026

For fiscal year 2026, we anticipate net sales of 115,000 million yen (2.6% YoY increase), operating income of 10,000 million yen (2.4% YoY increase), ordinary income of 10,100 million yen (0.2% YoY increase), and net income attributable to owners of parent of 10,000 million yen (51.5% YoY increase). Dividends are planned to increase to an annual 120 yen (25 yen increase YoY), based on a consolidated dividend payout ratio target of 30%.