Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
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.
The Power Infrastructure Business reported higher sales and profits due to growing overseas demand, improved profitability and increased demand for projects for Japanese electric power companies. The Social Systems Business reported higher sales and profits due to progress on projects under construction exceeding expectations, earlier-than-expected demand in the railway business, improved profitability on overseas projects and growth in highly profitable projects. The Industrial Electronics and Mobility Business benefited from sales of large-scale projects, but reported lower sales and profits due to lower profit margins resulting from changes in the product mix and equipment utilization, as well as lower sales volumes for vehicle models incorporating the products. The Field Engineering Business reported higher sales and profits due to demand for maintenance services and an increase in projects generating sales during the current fiscal year. The Real Estate Business and Other businesses reported lower profits.
No matters to report. There are no matters to report in either the consolidated or non-consolidated financial statements.
| 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 | ¥326,194 million (YoY +8.3%) |
| Operating profit | ¥27,122 million (YoY +26.1%) |
| Ordinary income | ¥27,889 million (YoY +31.6%) |
| Profit attributable to owners of the parent | ¥23,625 million (YoY +27.8%) |
| Net income per share | ¥520.78 |
| Operating Margin | 8.3% |
| Equity ratio | End of the current fiscal period 46.8% / End of previous period 40.7% |
| Total assets | ¥373,668 million |
| Net assets | ¥178,531 million |
| Cash flows from operating activities | ¥17,498 million |
| Cash flows from investing activities | ¥-17,134 million |
| Cash flows from financing activities | ¥-7,785 million |
| Cash and cash equivalents at end of period | ¥23,639 million |
| Full-year earnings forecast | Net Sales ¥355,000 million (YoY +8.8%) / Operating profit ¥29,000 million (YoY +6.9%) / Ordinary income ¥29,000 million (YoY +4.0%) / Profit attributable to owners of the parent ¥22,000 million (YoY -6.9%) |
| Annual Dividend Forecast | ¥123 per share → ¥157 per share（+27.6%） |
| Payout ratio | 30.1% |
| Segment revenue | Power infrastructure business Amount ¥100,844 million / Year on year against the same period last year 16.7% increase / Social systems business Amount ¥104,555 million / Year on year against the same period last year Up 8.5% / Industrial Electronics and Mobility Business Amount ¥69,308 million / Year on year against the same period last year Down 3.8% / Field Engineering Business Amount ¥57,007 million / Year on year against the same period last year Up 15.0% / Real Estate Business Amount ¥3,233 million / Year on year against the same period last year Down 0.1% |
| Segment profit | Power infrastructure business Amount ¥12,584 million / Year on year against the same period last year Improved by ¥4,596 million / Social systems business Amount ¥4,092 million / Year on year against the same period last year Improved by ¥1,057 million / Industrial Electronics and Mobility Business Amount ¥21 million / Year on year against the same period last year Deteriorated by ¥1,111 million / Field Engineering Business Amount ¥12,673 million / Year on year against the same period last year Improved by ¥2,742 million / Real Estate Business Amount ¥1,413 million / Year on year against the same period last year Deteriorated by ¥29 million |
| Regional sales | Fiscal year ending March 2026 Japan ¥235,342 million / Asia ¥61,256 million / Other regions ¥29,596 million / Total ¥326,194 million / Fiscal year ending March 2025 Japan ¥213,906 million / Asia ¥61,926 million / Other regions ¥25,268 million / Total ¥301,101 million |
| Orders received and order backlog | Orders received Actual results for the fiscal year ending March 2026 358,239 / Outlook for the fiscal year ending March 2027 375,000 / Order backlog Not disclosed |
| Depreciation and amortization | ¥11,174 million |
| Impairment loss | Amount ¥3,303 million / Subject assets Industrial Electronics and Mobility Business segment |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥5,391 million / Gain on sale of investment securities ¥967 million / Gain on liquidation of affiliates ¥93 million / Total ¥6,451 million / Extraordinary loss Impairment Losses on Shares of Affiliates ¥218 million / Impairment loss ¥3,303 million / Total ¥3,521 million |
| Disclosure regarding the going concern assumption | No matters to report. There are no matters to report in either the consolidated or non-consolidated financial statements. |
| 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 Number of companies 1 / Company name レアテック株式会社 / Excluded Number of companies 1 / Company name SHANGHAI MEIDENSHA CHANGCHENG SWITCHGEAR CO., LTD. |
| Material subsequent events | Not applicable. |
| 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 | 45,527,540 Shares |
| Treasury Shares at Period-End | 163,577 Shares |
| Factors Behind Changes in Business Performance | The Power Infrastructure Business reported higher sales and profits due to growing overseas demand, improved profitability and increased demand for projects for Japanese electric power companies. The Social Systems Business reported higher sales and profits due to progress on projects under construction exceeding expectations, earlier-than-expected demand in the railway business, improved profitability on overseas projects and growth in highly profitable projects. The Industrial Electronics and Mobility Business benefited from sales of large-scale projects, but reported lower sales and profits due to lower profit margins resulting from changes in the product mix and equipment utilization, as well as lower sales volumes for vehicle models incorporating the products. The Field Engineering Business reported higher sales and profits due to demand for maintenance services and an increase in projects generating sales during the current fiscal year. The Real Estate Business and Other businesses reported lower profits. |
Items this document does not state (2)
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.Demand for the replacement of aging equipment in Japan's electricity market, demand driven by disaster prevention and national resilience policies, growing overseas demand for products that do not use SF6 gas, progress on projects under construction, and demand for maintenance services contributed to higher sales and profits. Meanwhile, slower progress in the shift to EVs, lower sales volumes for vehicle models incorporating the products, and lower profit margins due to changes in the product mix and equipment utilization reduced sales and profits in some businesses.