Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Revenue declined by ¥118.4 billion from the previous consolidated fiscal year. Operating income declined by ¥28.8 billion. This reflected higher costs, mainly fixed costs; a smaller contribution from the timing mismatch in fuel cost adjustments in the power business; a smaller one-time contribution related to electricity sales prices; and the extension of the scheduled inspection of Unit 3 at the Kobe Power Station, despite higher revenue in Machinery as previously received orders progressed. Ordinary income declined by ¥35.8 billion due to the decline in operating income and the absence of compensation income related to European engine certification in the Construction Machinery business, which was recorded in the previous fiscal year. Net income declined by ¥26.4 billion, mainly due to an impairment loss on property, plant and equipment for aluminum sheets.
None. The notes regarding the going concern assumption state, “There are no applicable matters.”
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥2,436,581 million (YoY -4.6%) |
| Operating profit | ¥129,883 million (YoY -18.2%) |
| Ordinary income | ¥121,336 million (YoY -22.8%) |
| Profit attributable to owners of the parent | ¥93,717 million (YoY -22.0%) |
| Net income per share | ¥237.80 |
| Operating Margin | Current fiscal year 5.3 % / Previous period 6.2 % |
| Equity ratio | End of the current fiscal period 44 % / End of previous period 40.2 % |
| Total assets | ¥2,865,184 million |
| Net assets | ¥1,330,453 million |
| Cash flows from operating activities | ¥201,683 million |
| Cash flows from investing activities | ¥-73,659 million |
| Cash flows from financing activities | ¥-162,410 million |
| Cash and cash equivalents at end of period | ¥189,028 million |
| Full-year earnings forecast | Period Covered 1 April 2026 to 31 March 2027 / Net Sales ¥2,560,000 million (YoY +5.1%) / Operating profit ¥150,000 million (YoY +15.5%) / Ordinary income ¥120,000 million (YoY -1.1%) / Net income ¥100,000 million (YoY +6.7%) |
| Annual Dividend Forecast | ¥100 → ¥80（-20.0%） |
| Payout ratio | Current fiscal year 33.6 % / Next-year forecast 31.8 % |
| Segment revenue | Steel and Aluminum ¥996,917 million (YoY -10.7%), Advanced Materials ¥332,869 million (YoY +5.0%), Welding ¥96,463 million (YoY +2.7%), Machinery ¥282,741 million (YoY +6.6%), Engineering ¥193,898 million (YoY +10.9%), Construction machinery ¥389,560 million, Electricity ¥203,201 million (YoY -21.5%) |
| Segment profit | Steel and Aluminum ¥2,885 million, Advanced Materials ¥8,704 million, Welding ¥5,861 million, Machinery ¥46,703 million, Engineering ¥12,627 million, Construction machinery ¥12,366 million, Electricity ¥34,764 million |
| Orders received and order backlog | Machinery Orders received 2,701 Hundred millions of yen / Order backlog 2,412 Hundred millions of yen / Engineering Orders received 1,321 Hundred millions of yen / Order backlog 3,860 Hundred millions of yen |
| Depreciation and amortization | ¥123,948 million |
| Impairment loss | ¥24,158 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥21,867 million, Gain on sale of non-current assets ¥7,072 million / Extraordinary loss Impairment Losses ¥24,158 million, Loss on sale of shares of subsidiaries and affiliates ¥5,243 million |
| Disclosure regarding the going concern assumption | None. The notes regarding the going concern assumption state, “There are no applicable matters.” |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 日本高周波鋼業(株) |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (audience: Not disclosed) |
| Issued Shares at Period-End | 396,345,963 |
| Treasury Shares at Period-End | 892,930 |
| Factors Behind Changes in Business Performance | Revenue declined by ¥118.4 billion from the previous consolidated fiscal year. Operating income declined by ¥28.8 billion. This reflected higher costs, mainly fixed costs; a smaller contribution from the timing mismatch in fuel cost adjustments in the power business; a smaller one-time contribution related to electricity sales prices; and the extension of the scheduled inspection of Unit 3 at the Kobe Power Station, despite higher revenue in Machinery as previously received orders progressed. Ordinary income declined by ¥35.8 billion due to the decline in operating income and the absence of compensation income related to European engine certification in the Construction Machinery business, which was recorded in the previous fiscal year. Net income declined by ¥26.4 billion, mainly due to an impairment loss on property, plant and equipment for aluminum sheets. |
Items this document does not state (3)
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.Factors included higher costs, mainly fixed costs; a smaller profit contribution from the timing mismatch in fuel cost adjustments in the power business and a smaller one-time profit contribution related to electricity sales prices; lower revenue due to the extension of the scheduled inspection of Unit 3 at the Kobe Power Station; and the absence of compensation income related to construction machinery engine certification that was recorded in the previous fiscal year.