Revised forecast
Fiscal year ending May 2026 · Full yearPrevious forecast published 14 July 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Net sales exceeded the forecast because sales of products for new rolling stock supplied to domestic private railway operators in the transportation business performed steadily, among other factors. Operating profit exceeded the forecast because cost-reduction initiatives, mainly on large-scale projects for Indonesia, progressed beyond expectations, in addition to progress in appropriate pricing adjustments, mainly for domestic private railway operators. Ordinary profit and profit attributable to owners of parent exceeded the forecast due to the increase in operating profit, higher equity-method investment income, and the recognition of foreign exchange gains resulting from the weaker yen.
| Item | Details |
|---|---|
| Net Sales | ¥40,000 million → ¥40,480 million（+1.2%） |
| Operating profit | ¥2,400 million → ¥3,111 million（+29.6%） |
| Ordinary income | ¥2,500 million → ¥3,520 million（+40.8%） |
| Profit attributable to owners of the parent | ¥2,250 million → ¥2,976 million（+32.3%） |
| Net income per share | 248.84 yen and sen → 329.76 yen and sen |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 14 July 2025 |
| Previous-period results | Fiscal year ended May 2025: net sales of ¥40,539 million, operating profit of ¥2,384 million, ordinary profit of ¥2,584 million, profit attributable to owners of parent of ¥2,128 million, and basic earnings per share of ¥231.29 |
| Reason for the revision | Net sales exceeded the forecast because sales of products for new rolling stock supplied to domestic private railway operators in the transportation business performed steadily, among other factors. Operating profit exceeded the forecast because cost-reduction initiatives, mainly on large-scale projects for Indonesia, progressed beyond expectations, in addition to progress in appropriate pricing adjustments, mainly for domestic private railway operators. Ordinary profit and profit attributable to owners of parent exceeded the forecast due to the increase in operating profit, higher equity-method investment income, and the recognition of foreign exchange gains resulting from the weaker yen. |
| Dividend forecast revision | The year-end dividend changed from the previous forecast of ¥75.00 per share to ¥100.00 per share, an increase of ¥25.00. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.Net sales exceeded the forecast because products for new rolling stock supplied to domestic private railway operators performed steadily. Profit exceeded the forecast due to cost reductions, mainly on large-scale projects for Indonesia, appropriate pricing adjustments, mainly for domestic private railway operators, higher equity-method investment income, and foreign exchange gains resulting from the weaker yen.