Worth reading
66In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
191.6
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 June 2026 to 31 August 2026ConsolidatedJapanese GAAPNet Sales10,426¥ millionYear on year +24.0%Progress 24.5%
Operating profit1,073¥ millionYear on year +191.6%Progress 28.2%
Ordinary income1,269¥ millionYear on year +137.7%Progress 31.7%
Net income attributable to owners of the parent875¥ millionYear on year +88.2%Progress 28.2%
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¥95.51
Financial position at period-end
Total assets56,507¥ million
of which net assets 33,155 ¥ millionEquity ratio 58.7%vs. prior year-end +1.8pt
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.
Segment revenueTransportation Business ¥8,023 million (YoY +31.5%), Industrial Business ¥2,401 million (YoY +4.1%)
Segment profitTransportation Business ¥1,736 million (YoY +63.6%), Industrial Business ¥308 million
Regional sales¥5,448 million, ¥1,467 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥42,500 million (YoY +5.0%)
Operating profit¥3,800 million (YoY +22.1%)
Ordinary income¥4,000 million (YoY +13.6%)
Net income¥3,100 million (YoY +4.1%)
Revision to Earnings ForecastNot disclosed → Second quarter (cumulative) Net Sales 19,500 / Operating profit 1,700 / Ordinary income 1,900 / Net income 1,300 / Full year Net Sales 42,500 / Operating profit 3,800 / Ordinary income 4,000 / Net income 3,100
Annual Dividend Forecast¥100 → ¥138（+38.0%）
Factors Behind Changes in Business Performance
Orders increased 5.7% year on year and revenue increased 24.0%. In the transportation business, sales to private railway operators increased substantially, while in the industrial business, sales of power generation and infrastructure systems and production and processing equipment increased. Profit in the industrial business increased mainly because of the reversal of design costs for new development projects recorded in the previous fiscal year.
Disclosure regarding the going concern assumption
Not applicable (no matters to report in the notes on the going concern assumption)
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 consolidationNew 0 companies (company name: —) / Excluded 0 companies (company name: —)
Material subsequent eventsThe company resolved to absorb and merge its wholly owned consolidated subsidiary, TD Drive Co., Ltd., effective 1 December 2026. At a Board of Directors meeting held on 14 October 2026, it also resolved to repurchase up to 150,000 treasury shares, for a total acquisition cost of up to ¥300 million.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥27 million / Extraordinary loss Not disclosed
Depreciation and amortization¥166 million
Orders received and order backlogOrders received ¥11,955 million / Order backlog ¥47,839 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End9,735,000
Treasury Shares at Period-End125,844
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 June 2026 to 31 August 2026 |
| Net Sales | ¥10,426 million (YoY +24.0%) |
| Operating profit | ¥1,073 million (YoY +191.6%) |
| Ordinary income | ¥1,269 million (YoY +137.7%) |
| Profit attributable to owners of the parent | ¥875 million (YoY +88.2%) |
| Net income per share | ¥95.51 |
| Equity ratio | End of the current fiscal period 58.7 / End of previous period 56.9 |
| Total assets | ¥56,507 million |
| Net assets | ¥33,155 million |
| Full-year earnings forecast | Net Sales ¥42,500 million (YoY +5.0%) / Operating profit ¥3,800 million (YoY +22.1%) / Ordinary income ¥4,000 million (YoY +13.6%) / Net income ¥3,100 million (YoY +4.1%) |
| Revision to Earnings Forecast | Not disclosed → Second quarter (cumulative) Net Sales 19,500 / Operating profit 1,700 / Ordinary income 1,900 / Net income 1,300 / Full year Net Sales 42,500 / Operating profit 3,800 / Ordinary income 4,000 / Net income 3,100 |
| Annual Dividend Forecast | ¥100 → ¥138（+38.0%） |
| Segment revenue | Transportation Business ¥8,023 million (YoY +31.5%), Industrial Business ¥2,401 million (YoY +4.1%) |
| Segment profit | Transportation Business ¥1,736 million (YoY +63.6%), Industrial Business ¥308 million |
| Regional sales | ¥5,448 million, ¥1,467 million |
| Orders received and order backlog | Orders received ¥11,955 million / Order backlog ¥47,839 million |
| Depreciation and amortization | ¥166 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥27 million / Extraordinary loss Not disclosed |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| 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 0 companies (company name: —) / Excluded 0 companies (company name: —) |
| Material subsequent events | The company resolved to absorb and merge its wholly owned consolidated subsidiary, TD Drive Co., Ltd., effective 1 December 2026. At a Board of Directors meeting held on 14 October 2026, it also resolved to repurchase up to 150,000 treasury shares, for a total acquisition cost of up to ¥300 million. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Not disclosed |
| Issued Shares at Period-End | 9,735,000 |
| Treasury Shares at Period-End | 125,844 |
| Factors Behind Changes in Business Performance | Orders increased 5.7% year on year and revenue increased 24.0%. In the transportation business, sales to private railway operators increased substantially, while in the industrial business, sales of power generation and infrastructure systems and production and processing equipment increased. Profit in the industrial business increased mainly because of the reversal of design costs for new development projects recorded in the previous fiscal year. |
Items this document does not state (8)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyImpairment loss
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.In addition to higher orders and revenue, sales to private railway operators increased substantially in the transportation business, while sales of power generation and infrastructure systems and production and processing equipment increased in the industrial business. Profit in the industrial business increased mainly because of the reversal of design costs for new development projects recorded in the previous fiscal year.
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