Entry into the eastern Japan nuclear power plant and electrical instrumentation businesses through the acquisition of 太陽電業

「電気設備関連事業は、委託工事に係る売上などが増加した結果、売上高は15億22百万円（前年同期比12.9％増）となり、セグメント利益は委託工事の増収に伴う利益の増加などから３億82百万円（同45.8％増）となり、前年同期に比し増益となりました。」

「In the electrical equipment-related business, increased revenue from outsourced construction and other work resulted in revenue of ¥1.036 billion, up 8.2% year on year. Segment profit was ¥265 million, up 25.9%, reflecting increased profit accompanying higher revenue from outsourced construction and other factors, representing an increase from the same period of the previous year.」

「In the electrical equipment-related business, increased revenue from outsourced construction and other work resulted in revenue of ¥1.036 billion, up 8.2% year on year. Segment profit was ¥265 million, up 25.9%, reflecting increased profit accompanying higher revenue from outsourced construction and other factors, representing an increase from the same period of the previous year.」

「Although revenue from electrical construction at public facilities and equipment maintenance and inspection work at power plants was recorded, it fell slightly short of the same period of the previous year. Revenue was ¥1.744 billion, down 1.1% year on year, while segment profit was ¥302 million, down 6.1%. Despite lower costs accompanying a decline in contracted construction, profit decreased because reversals of provisions for loss on orders received also declined.」

「Although revenue from electrical construction for local governments and other sources was recorded, it fell slightly short of the same period of the previous year, resulting in revenue of ¥957 million, down 0.8% year on year. Segment profit was ¥211 million, down 17.2%. Although travel and transportation expenses declined as contracted construction at distant locations decreased, profit fell because reversals of provisions for loss on orders received also declined.」

「In the electrical equipment-related business, revenue from contracted construction, including electrical construction at the Onagawa and Kashiwazaki-Kariwa nuclear power plants, increased compared with the same period of the previous year. Revenue was ¥1.764 billion, up 23.2% year on year, while segment profit was ¥321 million, up 83.7%, reflecting increased profit accompanying higher revenue and other factors, representing a substantial increase from the same period of the previous year.」

「In the electrical equipment-related business, revenue from contracted construction, including electrical construction and fire protection equipment installation, increased compared with the same period of the previous year. Revenue was ¥965 million, up 24.9% year on year, while segment profit was ¥255 million, up 131.4%, reflecting the impact of higher revenue and other factors, representing a substantial increase from the same period of the previous year.」

「In the electrical equipment-related business, revenue from electrical construction increased at some offices compared with the same period of the previous year, resulting in revenue of ¥421 million, up 37.1% year on year. Segment profit was ¥114 million, reflecting the impact of higher revenue and other factors, representing a substantial increase from the same period of the previous year.」

「The electrical equipment-related business added to the reportable segments from the previous fiscal year is operated by 太陽電業株式会社, which became a subsidiary in January 2022. The business is primarily engaged in maintaining nuclear power plant equipment and radiation measuring instruments and carrying out electrical equipment construction. Revenue was ¥1.075 billion, up 62.9% year on year, and segment profit was ¥141 million, up 78.8%.」

「The electrical equipment-related business added as a reportable segment from the previous fiscal year is operated by 太陽電業株式会社, which became a new subsidiary in January 2022. It mainly provides maintenance for equipment and radiation measuring instruments at nuclear power plants and electrical equipment construction, and recorded revenue of ¥773 million, up 73.7% year on year, and segment profit of ¥110 million, up 11.5%.」

「The electrical equipment-related business added as a reportable segment from the previous fiscal year is operated by 太陽電業株式会社, which became a new subsidiary in January 2022. It mainly provides maintenance for equipment and radiation measuring instruments at nuclear power plants and electrical equipment construction, and recorded revenue of ¥307 million and segment profit of ¥1 million.」

「The electrical equipment-related business, which became a reportable segment from the second quarter of the fiscal year, is operated by 太陽電業株式会社, which became a new subsidiary in January 2022. It provides maintenance for equipment and radiation measuring instruments at nuclear facilities, electrical equipment construction for buildings and other services, and recorded revenue of ¥660 million and segment profit of ¥79 million.」

「The electrical equipment-related business, which became a reportable segment from the cumulative second quarter of the fiscal year, is operated by 太陽電業株式会社, which became a new subsidiary in January 2022. It provides maintenance for equipment and radiation measuring instruments at nuclear facilities, electrical equipment construction for buildings and other services, and recorded revenue of ¥445 million and segment profit of ¥98 million.」

「At a Board of Directors meeting held on 29 November 2021, the company resolved to acquire all shares of 太陽電業株式会社 and make it a subsidiary, and completed the share acquisition on 4 January 2022.」

「太陽電業株式会社’s management of radiation measurement equipment and electrical and instrumentation businesses at nuclear power plants in eastern Japan suggests new business opportunities in the eastern Japan electricity market, where coverage has historically been limited mainly because of differences in nuclear reactor types. Against this background, we resolved to proceed with the transaction.」