Worth reading
47Recurring
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
521
Millions of yen (year-on-year decrease in operating profit for the fiscal year ending March 2027)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ended March 2026 (actual results); fiscal year ending March 2027 (forecast)11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales13,528 (fiscal year ended March 2026), 13,545 (forecast for the fiscal year ending March 2027)
Operating profit1,456 (fiscal year ended March 2026), 935 (forecast for the fiscal year ending March 2027)
Ordinary income1,537 (fiscal year ended March 2026), 1,067 (forecast for the fiscal year ending March 2027)
Net income940 (fiscal year ended March 2026), 681 (forecast for the fiscal year ending March 2027)
Full-year earnings forecast
Net Sales13,545 million yen
Operating profit¥935 million
Ordinary income1,067 million yen
Profit attributable to owners of the parent681 million yen
Earnings per share¥653.82
Dividend per share¥330
ROE3.3%
Share buyback amount510 million yen (maximum amount)
Total payout ratio124.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Exceeded earnings forecast and increased dividends (versus initial forecast)Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Quantitative breakdown by factor: not disclosed. The main explanations are higher revenue from defense-related demand and demand for power distribution lines, the effect of higher revenue and price revisions, higher revenue and productivity improvements, and the impact of higher costs.
New initiatives
Under its Connect business, the company is developing businesses related to perovskite solar cells, measures to address specific suspended ceilings, and renewable energy. It is also pursuing the creation of higher value-added products and strengthening of the customer base in its overhead-line hardware business, expansion into new markets and service areas, the launch and expanded sales of new products, automation and data utilization, and group restructuring and functional realignment.Key KPIsA metric the company considers important as a management benchmark.
Earnings per share: ¥889.01; dividend per share: ¥300; ROE: 4.7%; total payout ratio: 62.9%; PBR: below 1x; cost of shareholders' equity: 7% or higherSegment results
Revenue by demand area only: traffic signals, signage and school sports facilities, 1,692 million yen (previous fiscal year: 1,638 million yen, +53 million yen); CATV and disaster communications, 1,029 million yen (previous fiscal year: 1,094 million yen, -64 million yen); information and communications, 2,742 million yen (previous fiscal year: 2,732 million yen, +10 million yen); power distribution lines, 4,418 million yen (previous fiscal year: 4,075 million yen, +343 million yen); Other, 3,644 million yen (previous fiscal year: 3,102 million yen, +542 million yen)Medium-term management plan targets
Specific target figures: not disclosed. Planned for release around the announcement of the interim results in mid-November 2026Financial targets
ROE: 4.7% actual for the fiscal year ended March 2026 and 3.3% forecast for the fiscal year ending March 2027. Over the medium to long term, the company aims to achieve ROE above a cost of shareholders' equity of 7% or higherMarket Size / Share
Top-tier market share in the power distribution and communications fields, and the No. 1 market share nationwide for traffic signals. Specific market size and share percentage: not disclosedAnnual Dividend
¥300 for the fiscal year ended March 2026 and ¥330 forecast for the fiscal year ending March 2027. Interim and year-end breakdown: not disclosedPayout ratio
Not disclosed. The total payout ratio was 62.9% for the fiscal year ended March 2026 and is forecast at 124.3% for the fiscal year ending March 2027. The company has a policy of using a consolidated dividend payout ratio of 30% as a minimum guidelineAcquisition of treasury shares
276 million yen actual for the fiscal year ended March 2026. For the fiscal year ending March 2027, 510 million yen (maximum amount). Period and number of shares: not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ended March 2026 (actual results); fiscal year ending March 2027 (forecast) |
| Net Sales | 13,528 (fiscal year ended March 2026), 13,545 (forecast for the fiscal year ending March 2027) |
| Operating profit | 1,456 (fiscal year ended March 2026), 935 (forecast for the fiscal year ending March 2027) |
| Ordinary income | 1,537 (fiscal year ended March 2026), 1,067 (forecast for the fiscal year ending March 2027) |
| Net income | 940 (fiscal year ended March 2026), 681 (forecast for the fiscal year ending March 2027) |
| Full-year earnings forecast | Net Sales 13,545 million yen / Operating profit ¥935 million / Ordinary income 1,067 million yen / Profit attributable to owners of the parent 681 million yen / Earnings per share ¥653.82 / Dividend per share ¥330 / ROE 3.3% / Share buyback amount 510 million yen (maximum amount) / Total payout ratio 124.3% |
| Self-assessment against the plan | Exceeded earnings forecast and increased dividends (versus initial forecast) |
| Segment results | Revenue by demand area only: traffic signals, signage and school sports facilities, 1,692 million yen (previous fiscal year: 1,638 million yen, +53 million yen); CATV and disaster communications, 1,029 million yen (previous fiscal year: 1,094 million yen, -64 million yen); information and communications, 2,742 million yen (previous fiscal year: 2,732 million yen, +10 million yen); power distribution lines, 4,418 million yen (previous fiscal year: 4,075 million yen, +343 million yen); Other, 3,644 million yen (previous fiscal year: 3,102 million yen, +542 million yen) |
| Breakdown of Factors Affecting the Change | Quantitative breakdown by factor: not disclosed. The main explanations are higher revenue from defense-related demand and demand for power distribution lines, the effect of higher revenue and price revisions, higher revenue and productivity improvements, and the impact of higher costs. |
| Key KPIs | Earnings per share: ¥889.01; dividend per share: ¥300; ROE: 4.7%; total payout ratio: 62.9%; PBR: below 1x; cost of shareholders' equity: 7% or higher |
| Medium-term management plan targets | Specific target figures: not disclosed. Planned for release around the announcement of the interim results in mid-November 2026 |
| Financial targets | ROE: 4.7% actual for the fiscal year ended March 2026 and 3.3% forecast for the fiscal year ending March 2027. Over the medium to long term, the company aims to achieve ROE above a cost of shareholders' equity of 7% or higher |
| Annual Dividend | ¥300 for the fiscal year ended March 2026 and ¥330 forecast for the fiscal year ending March 2027. Interim and year-end breakdown: not disclosed |
| Payout ratio | Not disclosed. The total payout ratio was 62.9% for the fiscal year ended March 2026 and is forecast at 124.3% for the fiscal year ending March 2027. The company has a policy of using a consolidated dividend payout ratio of 30% as a minimum guideline |
| Acquisition of treasury shares | 276 million yen actual for the fiscal year ended March 2026. For the fiscal year ending March 2027, 510 million yen (maximum amount). Period and number of shares: not disclosed |
| Market Size / Share | Top-tier market share in the power distribution and communications fields, and the No. 1 market share nationwide for traffic signals. Specific market size and share percentage: not disclosed |
| New initiatives | Under its Connect business, the company is developing businesses related to perovskite solar cells, measures to address specific suspended ceilings, and renewable energy. It is also pursuing the creation of higher value-added products and strengthening of the customer base in its overhead-line hardware business, expansion into new markets and service areas, the launch and expanded sales of new products, automation and data utilization, and group restructuring and functional realignment. |
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey points of the Q&A
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.The increase in revenue for the fiscal year ended March 2026 was driven by defense-related demand and demand for power distribution lines, while the increase over the initial forecast was attributable to demand related to power distribution lines. The increase in operating profit was driven by the effect of higher revenue, price revisions and productivity improvements. The decline in operating profit forecast for the fiscal year ending March 2027 is attributed to the impact of higher costs.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.