Financial Summary for the Fiscal Year ending March 2026 [Japanese Standards] (Consolidated)

Performance Overview

The consolidated net sales for the fiscal year ending March 2026 amounted to 219.14 billion yen (down 1.2% YoY). Despite an improvement in market conditions primarily within the manufacturing sector, rising crude oil prices due to geopolitical tensions in the Middle East and concerns over supply shortages of imported raw materials exerted downward pressure on corporate earnings. Operating profit was 13.696 billion yen (up 4.5%), ordinary income was 14.353 billion yen (up 5.6%), and net income attributable to owners of the parent reached a record high of 9.951 billion yen (up 12.6%). Segment-wise, increased revenues and profits were seen in medical devices, ground support equipment for aircraft, healthcare, and aviation-infrastructure businesses, while sales of lithium-ion battery manufacturing equipment declined.

Financial Position and Cash Flows

Total assets increased by 4.265 billion yen to 175.639 billion yen from the previous year, and net assets rose by 10.849 billion yen to 90.710 billion yen, raising the equity capital ratio to 51.5%. Cash and cash equivalents at the end of the period totaled 51.829 billion yen, a 17.946 billion yen increase, with cash flows from operating activities increasing by 16.136 billion yen. Cash flows from investing activities decreased by 0.188 billion yen, and those from financing activities increased by 1.221 billion yen.

Dividend Policy

The annual dividend for the fiscal year ending March 2026 is planned at 125 yen (interim 51 yen, year-end 74 yen), with a payout ratio of 40.1% and a dividend on equity (DOE) of 4.7%. This represents an increase from the previous fiscal year.

Earnings Forecast for the Fiscal Year Ending March 2027

The consolidated earnings forecast for the fiscal year ending March 2027 projects net sales of 210.0 billion yen (down 4.2% YoY), operating profit of 12.0 billion yen (down 12.4%), ordinary income of 12.4 billion yen (down 13.6%), and net income attributable to owners of the parent of 9.4 billion yen (down 5.5%). The standalone performance is expected to be net sales of 172.0 billion yen (down 4.3%), ordinary income of 9.9 billion yen (down 14.7%), and net income of 7.9 billion yen (down 6.6%). The assumptions for exchange rates are USD 158, EUR 183, and CNY 23.