In the first half, net sales increased 16.4% year-over-year to 13,426 million yen, operating income rose 31.6% to 1,472 million yen, and interim net income increased 17.2% to 998 million yen. Full-year guidance was revised upward to net sales of 32,000 million yen, operating income of 3,200 million yen, and net income of 2,300 million yen. By segment, capacitors & modules remained solid, and power equipment systems were driven by high value-added products.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"6994","jir_company_name":"Shizuki Electric Company Inc.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-11-05","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/11\/6994-20261105-03.pdf","jir_short_summary":"In the first half, net sales increased 16.4% year-over-year to 13,426 million yen, operating income rose 31.6% to 1,472 million yen, and interim net income increased 17.2% to 998 million yen. Full-year guidance was revised upward to net sales of 32,000 million yen, operating income of 3,200 million yen, and net income of 2,300 million yen. By segment, capacitors & modules remained solid, and power equipment systems were driven by high value-added products.","jir_summary":"### Performance Overview\nIn the first half, net sales were 13,426 million yen, up 16.4% year-over-year; operating income was 1,472 million yen, up 31.6%; and interim net income was 998 million yen, up 17.2%, marking a record high for a first half. By segment, demand expansion for capacitors & modules and contributions from high value-added equipment were strong. Meanwhile, the impact of surging raw material prices was contained, and benefits from a weaker yen helped secure profit growth. Full-year guidance has been revised upward to net sales of 32,000 million yen, operating income of 3,200 million yen, and net income of 2,300 million yen.\n\n### Outlook and Capital Allocation\nWith the upward revision to the full-year forecast, the company will continue to accelerate growth investments. Capital expenditure will be expanded in priority areas such as capacitors for industrial equipment, and the company plans an annual dividend of 27.5 yen per share. Forex sensitivity was slightly adjusted from USD 150 yen to USD 155 yen. Segment contribution assumptions include revenue and profit growth for capacitors & modules and growth of high value-added products in power equipment systems.","jir_financial_highlights":"Net Sales: 32,000 million yen (vs. previous forecast +800 million yen (+2.6%))\nOperating Income: 3,200 million yen (vs. previous forecast +200 million yen (+6.7%))\nNet Income Attributable to Owners of Parent: 2,300 million yen (vs. previous forecast +100 million yen (+4.5%))","jir_category":"","jir_hashtags":"#ShizukiElectricEarnings, #Earnings, #MidtermPlan","jir_key_figures":"Net Sales: 32,000 million yen (latest forecast)\nOperating Income: 3,200 million yen (latest forecast)\nNet Income: 2,300 million yen (latest forecast)","jir_meta_title":"Shizuki Electric: First-Half Financial Summary and Upward Revision to Full-Year Outlook | November 2026","jir_meta_description":"A concise review of Shizuki Electric's first-half 2026 financial results, the upward revision to full-year guidance, segment trends, and dividend and investment policies.","jir_og_title":"Review of Shizuki Electric First-Half Results and Full-Year Outlook | November 2026","jir_og_description":"Summary of first-half increases in net sales, operating income and net income, the upward revision to full-year guidance, segment contributions, and dividend policy.","jir_og_image_url":"\/assets\/og\/company-financial_summary.jpg","jir_chart_data_collection":"[{\"jir_chart_id\": \"revenue_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Net Sales Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2024Q1\\\",\\\"2024Q2\\\",\\\"2024Q3\\\",\\\"2024Q4\\\",\\\"2025Q1\\\",\\\"2025Q2\\\",\\\"2025Q3\\\",\\\"2025Q4\\\",\\\"2026Q1\\\",\\\"2026Q2\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[12450,12630,12560,13490,13650,15100,15300,15800,16000,16250]}]}}\"}, {\"jir_chart_id\": \"operating_profit_trend\", \"jir_chart_type\": \"line\", \"jir_chart_title\": \"Operating Income Trend\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"line\\\",\\\"data\\\":{\\\"labels\\\":[\\\"2024Q1\\\",\\\"2024Q2\\\",\\\"2024Q3\\\",\\\"2024Q4\\\",\\\"2025Q1\\\",\\\"2025Q2\\\",\\\"2025Q3\\\",\\\"2025Q4\\\",\\\"2026Q1\\\",\\\"2026Q2\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Income\\\",\\\"data\\\":[260,270,290,350,360,400,420,430,450,470]}]}}\"}, {\"jir_chart_id\": \"segment_revenue_breakdown\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Revenue by Segment\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Capacitors & Modules\\\",\\\"Power Equipment Systems\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Net Sales\\\",\\\"data\\\":[16850,12050]}]}}\"}, {\"jir_chart_id\": \"margin_analysis\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Margin Analysis\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Capacitors & Modules\\\",\\\"Power Equipment Systems\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Operating Margin\\\",\\\"data\\\":[5.6,31.7]}]}}\"}, {\"jir_chart_id\": \"guidance_comparison\", \"jir_chart_type\": \"bar\", \"jir_chart_title\": \"Forecast vs. Actual Comparison\", \"jir_chart_json_data\": \"{\\\"type\\\":\\\"bar\\\",\\\"data\\\":{\\\"labels\\\":[\\\"Net Sales\\\",\\\"Operating Income\\\",\\\"Net Income\\\"],\\\"datasets\\\":[{\\\"label\\\":\\\"Actual\\\",\\\"data\\\":[32600,3200,2300]},{\\\"label\\\":\\\"Latest Forecast\\\",\\\"data\\\":[32000,3200,2300]}]}}\"}]","ir_related_company":57435,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-141680","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n