Japan Aviation Electronics Industry, Limited
Fiscal Year Ending March 2026 Q3 Financial Summary [Japanese GAAP] (Consolidated)
For the third quarter of the fiscal year ending March 2026, net sales were JPY 166.787 billion (0.2% increase YoY), operating income was JPY 5.916 billion (48.3% decrease YoY), and net income attributable to owners of parent for the quarter was JPY 4.549 billion (47.8% decrease YoY).
Key Figures
- Net Sales: JPY 166.787 billion (0.2% increase YoY)
- Operating Income: JPY 5.916 billion (48.3% decrease YoY)
- Net Income Attributable to Owners of Parent (Quarter): JPY 4.549 billion (47.8% decrease YoY)
AI要約
Overview of Performance
For the cumulative third quarter of the fiscal year ending March 2026, consolidated net sales amounted to JPY 166.787 billion (0.2% increase YoY). Operating income was JPY 5.916 billion (48.3% decrease YoY), ordinary income was JPY 6.370 billion (42.5% decrease YoY), and net income attributable to owners of parent for the quarter was JPY 4.549 billion (47.8% decrease YoY). The main factors behind the profit decline were increased prototyping and allowance expenses associated with new product launches in the automobile and mobile device markets, as well as cost increases due to sharp rises in key raw material prices. Net sales progressed roughly in line with plan.
Financial Condition and Dividend Status
Total assets amounted to JPY 231.268 billion, an increase of JPY 15.824 billion compared to the end of the previous consolidated fiscal year. Net assets were JPY 139.723 billion, approximately JPY 6.027 billion higher than at the end of the previous fiscal year, while the equity ratio slightly declined to 60.3% from 62.0% a year earlier. Dividends are planned at an annual total of JPY 60 (interim dividend of JPY 30 and year-end dividend of JPY 30), unchanged from the prior fiscal year.
Segment Performance
Sales were recorded mainly in the core connector business and across the mobile device, automobile, industrial equipment & infrastructure, and aerospace markets. Demand in the mobile device market varied by model and is in a recovery phase, while steady demand continued in the automobile market although some manufacturers experienced sales weakness. The aerospace market saw steady demand for defense equipment. Segment profits declined year-on-year and affected overall operating income.
Future Outlook
For the full fiscal year ending March 2026, net sales are forecast at JPY 225.0 billion (1.5% increase YoY), operating income at JPY 10.0 billion (36.0% decrease YoY), ordinary income at JPY 9.0 billion (39.3% decrease YoY), and net income attributable to owners of parent at JPY 6.0 billion (48.2% decrease YoY). The dividend forecast remains at JPY 60 annually, unchanged. The company will continue to aim for performance improvement through new product development and efficiency enhancements driven by internal production promotion.
