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Results4341SEIRYO ELECTRIC CORPORATIONInformation and Communications, Services and Others

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the first six months, revenue increased 4.2% year on year, while the operating loss was ¥58 million, roughly unchanged from the previous year, and the interim net loss attributable to owners of the parent widened to ¥126 million. The full-year earnings forecast was left unchanged, while the annual dividend forecast was set at ¥45, up from the previous year’s actual dividend of ¥33.

Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
4.2
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales8,681¥ millionYear on year +4.2%Progress 41.3%
Operating profit-58¥ million
Ordinary income-44¥ million
Net income attributable to owners of the parent-126¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share-¥37.45
Financial position at period-end
Total assets8,277¥ million
of which net assets 5,331 ¥ millionEquity ratio 64.4%vs. prior year-end +18.4pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenueInformation and Communications Terminals Business ¥4,364 million (YoY +6.9%), Information and Communications Systems Business ¥4,316 million (YoY +1.5%)
Segment profitInformation and Communications Terminals Business ¥398 million, Information and Communications Systems Business ¥331 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥21,000 million (YoY +1.6%)
Operating profit¥380 million (YoY -0.2%)
Ordinary income¥400 million (YoY -1.0%)
Profit attributable to owners of the parent¥210 million (YoY -14.0%)
Annual Dividend Forecast¥33 → ¥45(+36.4%)
Factors Behind Changes in Business Performance

Although large-scale projects for government agencies declined, revenue increased due to higher unit selling prices resulting from rising mobile terminal prices, increased incentives, higher sales of IP radio equipment and increased orders at the subsidiary 西菱電機エンジニアリング. Ordinary profit and loss was roughly unchanged from the previous year due to higher fixed costs, mainly from increased personnel expenses and increased capital investment at existing business locations.

Disclosure regarding the going concern assumption

None

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Yes見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment loss¥18 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment loss ¥18 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible participants)
Issued Shares at Period-End3,500,000 shares
Treasury Shares at Period-End118,232 treasury shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥8,681 million (YoY +4.2%)
Operating profit¥-58 million
Ordinary income¥-44 million
Profit attributable to owners of the parent¥-126 million
Net income per share-¥37.45
Equity ratioEnd of the current fiscal period 64.4 / End of previous period 46
Total assets¥8,277 million
Net assets¥5,331 million
Full-year earnings forecastNet Sales ¥21,000 million (YoY +1.6%) / Operating profit ¥380 million (YoY -0.2%) / Ordinary income ¥400 million (YoY -1.0%) / Profit attributable to owners of the parent ¥210 million (YoY -14.0%)
Annual Dividend Forecast¥33 → ¥45(+36.4%)
Segment revenueInformation and Communications Terminals Business ¥4,364 million (YoY +6.9%), Information and Communications Systems Business ¥4,316 million (YoY +1.5%)
Segment profitInformation and Communications Terminals Business ¥398 million, Information and Communications Systems Business ¥331 million
Impairment loss¥18 million
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment loss ¥18 million
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible participants)
Issued Shares at Period-End3,500,000 shares
Treasury Shares at Period-End118,232 treasury shares
Factors Behind Changes in Business PerformanceAlthough large-scale projects for government agencies declined, revenue increased due to higher unit selling prices resulting from rising mobile terminal prices, increased incentives, higher sales of IP radio equipment and increased orders at the subsidiary 西菱電機エンジニアリング. Ordinary profit and loss was roughly unchanged from the previous year due to higher fixed costs, mainly from increased personnel expenses and increased capital investment at existing business locations.
Items this document does not state (12)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue increased despite a decline in large-scale projects for government agencies, driven by higher unit selling prices due to rising prices of mobile terminals, increased incentives, higher sales of IP radio equipment and increased orders at subsidiaries. Ordinary profit and loss was roughly unchanged from the previous year due to higher fixed costs, mainly from increased personnel expenses and increased capital investment at existing business locations.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | SEIRYO ELECTRIC CORPORATION (4341) timely disclosure | Komori