Financial Results Briefing for Fiscal Year 2025 (ending March 2026)

Summary of Fiscal Year 2025 Financial Results

For fiscal year 2025, net sales reached 10.09 billion yen (YoY +3.9%), operating income was 6.5 billion yen (YoY +14.5%), and net income attributable to owners of the parent was 5.8 billion yen (YoY +61.1%), achieving the targets set in the second year of the medium-term management plan. Notably, a special gain of 6.15 billion yen from the sale of non-operational assets contributed significantly. Domestic smart meter business led growth, with increased revenue from the UK and Asia. Conversely, revenue declined in Oceania due to customer inventory adjustments.

2026 Performance Outlook and Growth Strategy

For 2026, sales are projected at 10.1 billion yen (YoY +1.0%), operating income at 8.1 billion yen (YoY -10.0%), and net income at 4.8 billion yen (YoY -12.7%). While operating income is expected to decrease due to rising raw material and component costs, the company anticipates reaching record highs in FY2025. As a growth strategy, the company is considering full-scale entry into the U.S. market, with demonstration tests with multiple power companies scheduled to start in 2026. Shareholder returns will include maintaining dividends at 49 yen per share and implementing share buybacks of 1.5 million shares and 2.5 billion yen.