Financial Overview for the Fiscal Year Ending March 2026

Overview of Performance

For the fiscal year ending March 2026, consolidated results showed net sales of 117.5 billion yen (4% increase YoY), operating income of 14.8 billion yen (22% increase YoY), and net income of 11.7 billion yen (26% increase YoY), achieving growth in both revenue and profits. Orders received stood at 124.6 billion yen (11% increase YoY), maintaining a solid trend. By segment, the Communications Measurement Business accounted for 59% of net sales, the PQA Business 26%, the Environmental Measurement Business 9%, and others 6%. Regional sales breakdown was 17% Japan, 36% Asia and others, 28% Americas, and 19% EMEA. The Communications Measurement Business experienced temporary capital expenditure stagnation due to U.S. tariff policies but is showing signs of recovery. The PQA Business performed well across all regions, with domestic inbound-related demand increasing particularly. The Environmental Measurement Business is undergoing an adjustment phase in demand for testing equipment for EVs and batteries.

Dividend Forecast and Future Outlook

The dividend forecast for the fiscal year ending March 2026 is 50 yen annually (20 yen interim dividend, 30 yen year-end dividend), representing an increase from 40 yen in the previous term. Share buybacks totaling 5 billion yen have also been executed. For the fiscal year ending March 2027, earnings guidance anticipates net sales of 140 billion yen (19% increase YoY), operating income of 20 billion yen (35% increase YoY), and net income of 15 billion yen (28% increase YoY), expecting further revenue and profit growth. The Communications Measurement, PQA, and Environmental Measurement businesses aim for growth, with particular expectation on expanded demand in the EV and battery markets for the Environmental Measurement segment.