Financial Summary for the Fiscal Year Ending March 2026 [IFRS] (Consolidated)

Overview of Business Performance

For the fiscal year ending March 2026, consolidated results were revenue of 117,462 million yen (4.0% YoY increase), operating income of 14,828 million yen (22.3% YoY increase), profit before tax of 16,147 million yen (26.8% YoY increase), and net income attributable to owners of parent of 11,677 million yen (26.1% YoY increase). The Communications Measurement segment saw a revenue decline due to the impact of U.S. tariff policies but achieved a 28.7% increase in operating income through cost control. The PQA segment’s revenue grew 9.9% and operating income rose 17.0%, driven by demand for automated quality assurance processes. The Environmental Measurement segment's revenue increased 26.2% due to consolidation of subsidiaries, while operating income declined 5.5% due to adjustments in domestic EV/battery testing demand.

Financial Position and Cash Flow Status

Total assets stood at 173,258 million yen (an increase of 13,432 million yen from the previous fiscal year-end), total liabilities were 40,541 million yen (an increase of 4,982 million yen), and total equity amounted to 132,717 million yen (an increase of 8,449 million yen). Equity decreased by 1,342 million yen due to treasury stock acquisitions. Cash flow from operating activities was a positive 17,881 million yen, cash flow from investing activities was a negative 14,681 million yen (mainly due to subsidiary acquisitions and acquisitions of tangible fixed assets), and cash flow from financing activities was a negative 6,405 million yen (mainly dividend payments). Cash and cash equivalents at fiscal year-end totaled 49,314 million yen.

Dividend Situation and Future Outlook

The year-end dividend for the fiscal year ending March 2026 comprises a regular dividend of 26 yen and a 4 yen commemorative dividend marking the 130th anniversary of the company’s founding, resulting in an annual dividend of 50 yen. The dividend forecast for fiscal year ending March 2027 is an annual 50 yen (interim 25 yen, year-end 25 yen). Earnings guidance for fiscal year ending March 2027 is revenue of 140,000 million yen (19.2% YoY increase), operating income of 20,000 million yen (34.9% YoY increase), and net income attributable to owners of parent of 15,000 million yen (28.4% YoY increase). The core Communications Measurement segment expects demand expansion driven by widespread adoption of generative AI, while the PQA and Environmental Measurement segments aim for growth through new product launches and maximizing group synergies.