Worth reading
63In focus
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
-550
¥ million (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales59,617¥ millionYear on year -1.4%Progress 91.7%
Operating profit3,581¥ millionYear on year -13.3%Progress 89.5%
Ordinary income3,897¥ millionYear on year -11.5%Progress 92.8%
Net income attributable to owners of the parent2,556¥ millionYear on year -29.7%
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¥164.52
Operating Margin6.0%
Financial position at period-end
Total assets69,521¥ million
of which net assets 40,301 ¥ millionEquity ratio 58.0%vs. prior year-end +0.3pt
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.
Cash inflows and outflows
Operating+6,567
Investment-2,072
Financials-3,877
Net change+618
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.
Cash and cash equivalents at end of period¥7,071 million
Segment revenueLogistics Solutions business ¥34,957 million (YoY -7.5%), Plant business ¥12,799 million (YoY +2.5%), Mirai Creation business ¥11,459 million (YoY +17.1%)
Segment profitLogistics Solutions business ¥3,425 million (YoY -8.0%), Plant business ¥1,002 million (YoY +11.2%), Mirai Creation business ¥466 million (YoY -46.6%)
Regional sales¥57,345 million, ¥2,233 million, ¥37 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥65,000 million (YoY +9.0%)
Operating profit¥4,000 million (YoY +11.7%)
Ordinary income¥4,200 million (YoY +7.8%)
Profit attributable to owners of the parent¥2,700 million (YoY +5.6%)
Annual Dividend Forecast¥103 per share → ¥105 per share（+1.9%）
Payout ratio62.6% (60.6% forecast for the next fiscal year)
Shareholder Return PolicyDividend on equity (DOE) of at least 4.0% (applicable from the fiscal year ended March 2026 through the fiscal year ending March 2028, except when significant funding needs arise)
Factors Behind Changes in Business Performance
The Logistics Solutions business recorded lower revenue as expected at the beginning of the fiscal year, entering a lull without large-scale projects. The Plant business recorded higher profit due to improved profitability. The Mirai Creation business benefited from revenue contributions from newly consolidated subsidiaries, but profit declined because of changes in the competitive environment, upfront expenses, M&A-related expenses, and integration process costs. The absence of gains on the sale of cross-shareholdings recorded in the previous fiscal year also depressed net income.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidation5 additions (坂田電機㈱ and 4 others), 0 exclusions. The cover page states that there was no material change in the scope of consolidation during the period.
Material subsequent eventsThe company resolved to enter into an absorption-type company split, effective 1 April 2027, under which the Plant business and Logistics Solutions business will each be transferred to a wholly owned company established to prepare for the split, and entered into the relevant agreements. The transaction is subject to approval at the shareholders’ meeting scheduled for 25 June 2026 and other conditions.
Impairment loss¥138 million (¥95 million in the Logistics Solutions business and ¥43 million in the Mirai Creation business; specific assets Not disclosed)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥8 million, Gain on sale of investment securities ¥3 million, Gain on bargain purchase ¥77 million, Other ¥29 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥68 million, Impairment loss on investment securities ¥69 million, Impairment Losses ¥138 million, Litigation-related losses ¥0 million, Other ¥0 million
Depreciation and amortization¥1,111 million
Orders received and order backlogOrders received ¥48,595 million (YoY -6.1%) / Order backlog ¥46,082 million (YoY +1.9%)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End16,046,148 Shares
Treasury Shares at Period-End461,136 Shares
| 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 | ¥59,617 million (YoY -1.4%) |
| Operating profit | ¥3,581 million (YoY -13.3%) |
| Ordinary income | ¥3,897 million (YoY -11.5%) |
| Profit attributable to owners of the parent | ¥2,556 million (YoY -29.7%) |
| Net income per share | ¥164.52 |
| Operating Margin | 6.0% |
| Equity ratio | End of the current fiscal period 58.0% / End of previous period 57.7% |
| Total assets | ¥69,521 million |
| Net assets | ¥40,301 million |
| Cash flows from operating activities | ¥6,567 million |
| Cash flows from investing activities | ¥-2,072 million |
| Cash flows from financing activities | ¥-3,877 million |
| Cash and cash equivalents at end of period | ¥7,071 million |
| Full-year earnings forecast | Net Sales ¥65,000 million (YoY +9.0%) / Operating profit ¥4,000 million (YoY +11.7%) / Ordinary income ¥4,200 million (YoY +7.8%) / Profit attributable to owners of the parent ¥2,700 million (YoY +5.6%) |
| Annual Dividend Forecast | ¥103 per share → ¥105 per share（+1.9%） |
| Payout ratio | 62.6% (60.6% forecast for the next fiscal year) |
| Shareholder Return Policy | Dividend on equity (DOE) of at least 4.0% (applicable from the fiscal year ended March 2026 through the fiscal year ending March 2028, except when significant funding needs arise) |
| Segment revenue | Logistics Solutions business ¥34,957 million (YoY -7.5%), Plant business ¥12,799 million (YoY +2.5%), Mirai Creation business ¥11,459 million (YoY +17.1%) |
| Segment profit | Logistics Solutions business ¥3,425 million (YoY -8.0%), Plant business ¥1,002 million (YoY +11.2%), Mirai Creation business ¥466 million (YoY -46.6%) |
| Regional sales | ¥57,345 million, ¥2,233 million, ¥37 million |
| Orders received and order backlog | Orders received ¥48,595 million (YoY -6.1%) / Order backlog ¥46,082 million (YoY +1.9%) |
| Depreciation and amortization | ¥1,111 million |
| Impairment loss | ¥138 million (¥95 million in the Logistics Solutions business and ¥43 million in the Mirai Creation business; specific assets Not disclosed) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥8 million, Gain on sale of investment securities ¥3 million, Gain on bargain purchase ¥77 million, Other ¥29 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥68 million, Impairment loss on investment securities ¥69 million, Impairment Losses ¥138 million, Litigation-related losses ¥0 million, Other ¥0 million |
| Disclosure regarding the going concern assumption | 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 | 5 additions (坂田電機㈱ and 4 others), 0 exclusions. The cover page states that there was no material change in the scope of consolidation during the period. |
| Material subsequent events | The company resolved to enter into an absorption-type company split, effective 1 April 2027, under which the Plant business and Logistics Solutions business will each be transferred to a wholly owned company established to prepare for the split, and entered into the relevant agreements. The transaction is subject to approval at the shareholders’ meeting scheduled for 25 June 2026 and other conditions. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 16,046,148 Shares |
| Treasury Shares at Period-End | 461,136 Shares |
| Factors Behind Changes in Business Performance | The Logistics Solutions business recorded lower revenue as expected at the beginning of the fiscal year, entering a lull without large-scale projects. The Plant business recorded higher profit due to improved profitability. The Mirai Creation business benefited from revenue contributions from newly consolidated subsidiaries, but profit declined because of changes in the competitive environment, upfront expenses, M&A-related expenses, and integration process costs. The absence of gains on the sale of cross-shareholdings recorded in the previous fiscal year also depressed net income. |
Items this document does not state (1)
Revision to Earnings Forecast
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 Logistics Solutions business entered a lull without large-scale projects, resulting in lower revenue and profit. In the Mirai Creation business, changes in the competitive environment, upfront expenses including strategic investments, and M&A-related expenses weighed on profit. The absence of gains on the sale of cross-shareholdings recorded in the previous fiscal year also contributed to the decline in net income.
How to read this page
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