Results for this period
First quarter1 April 2026–30 June 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.
Progress was made in increasing electricity demand, power infrastructure upgrades, disaster prevention and resilience enhancement, decarbonization-related investment, the construction of new and expanded data centers, and the transition to products that do not use SF6 gas. In the Power Infrastructure Business, growth in demand in the United States, progress on a large-scale project in India, and progress on projects for electric power companies contributed to results. In the Social Infrastructure Business, large-scale projects and projects accounted for under the percentage-of-completion method contributed to results. In the Industrial Electronics and Mobility Business, recovery in semiconductor-related markets contributed to results, while delays in the sales timing of certain EV models to be delivered and weak market conditions and delays in construction schedules in the Electric Power Solutions Business had an adverse impact. In the Field Engineering Business, maintenance and inspection work, replacement demand, and projects accounted for under the percentage-of-completion method contributed to results, while changes in the project mix weighed on profit.
No applicable matters
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 June 2026 |
| Net Sales | ¥73,412 million (YoY +25.7%) |
| Operating profit | ¥4,664 million |
| Ordinary income | ¥5,452 million (YoY +850.7%) |
| Profit attributable to owners of the parent | ¥5,059 million (YoY +986.6%) |
| Net income per share | ¥111.53 |
| Equity ratio | End of the current fiscal period 49.1 / End of previous period 46.8 |
| Total assets | ¥361,068 million |
| Net assets | ¥180,920 million |
| Cash flows from operating activities | ¥30,700 million |
| Cash flows from investing activities | ¥-5,892 million |
| Cash flows from financing activities | ¥-10,478 million |
| Cash and cash equivalents at end of period | ¥38,210 million |
| Full-year earnings forecast | Net Sales ¥365,000 million (YoY +11.9%) / Operating profit ¥33,000 million (YoY +21.7%) / Ordinary income ¥33,500 million (YoY +20.1%) / Net income ¥25,000 million (YoY +5.8%) |
| Revision to Earnings Forecast | 2Q cumulative Net Sales ¥148,000 million → ¥155,000 million（+4.7%） / Operating profit ¥4,000 million → ¥8,000 million（+100.0%） / Ordinary income ¥4,000 million → ¥8,500 million（+112.5%） / Net income ¥2,800 million → ¥7,000 million（+150.0%） / Full year Net Sales ¥355,000 million → ¥365,000 million（+2.8%） / Operating profit ¥29,000 million → ¥33,000 million（+13.8%） / Ordinary income ¥29,000 million → ¥33,500 million（+15.5%） / Net income ¥22,000 million → ¥25,000 million（+13.6%） |
| Annual Dividend Forecast | ¥157 → Undecided（Undecided） |
| Segment revenue | Power infrastructure business ¥27,574 million (YoY +39.9%) / Social systems business ¥20,124 million (YoY +33.5%) / Industrial Electronics and Mobility Business ¥17,423 million (YoY +13.3%) / Field Engineering Business ¥9,267 million (YoY +7.0%) / Real Estate Business ¥811 million (YoY +0.2%) / Other (outside reportable segments) ¥1,807 million (YoY -11.1%) |
| Segment profit | Power infrastructure business ¥3,941 million / Social systems business ¥354 million / Industrial Electronics and Mobility Business ¥162 million / Field Engineering Business ¥917 million / Real Estate Business ¥354 million / Other (outside reportable segments) ¥-48 million |
| Depreciation and amortization | ¥2,687 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥1,597 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥46 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 明電アクアビジネス株式会社 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 45,527,540 Shares |
| Treasury Shares at Period-End | 163,742 Shares |
| Factors Behind Changes in Business Performance | Progress was made in increasing electricity demand, power infrastructure upgrades, disaster prevention and resilience enhancement, decarbonization-related investment, the construction of new and expanded data centers, and the transition to products that do not use SF6 gas. In the Power Infrastructure Business, growth in demand in the United States, progress on a large-scale project in India, and progress on projects for electric power companies contributed to results. In the Social Infrastructure Business, large-scale projects and projects accounted for under the percentage-of-completion method contributed to results. In the Industrial Electronics and Mobility Business, recovery in semiconductor-related markets contributed to results, while delays in the sales timing of certain EV models to be delivered and weak market conditions and delays in construction schedules in the Electric Power Solutions Business had an adverse impact. In the Field Engineering Business, maintenance and inspection work, replacement demand, and projects accounted for under the percentage-of-completion method contributed to results, while changes in the project mix weighed on profit. |
Items this document does not state (7)
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.Business conditions remained favorable, supported by increased electricity demand, power infrastructure upgrades, investment related to disaster prevention and resilience enhancement, decarbonization-related investment, and the construction of new and expanded data centers. In the Power Infrastructure Business, growth in demand in the United States and progress on a large-scale project in India contributed to results. In the Social Infrastructure Business, large-scale projects and projects accounted for under the percentage-of-completion method contributed to results. The upward revision to the earnings forecast reflects expectations that robust demand in the Power Infrastructure Business, continued progress on projects accounted for under the percentage-of-completion method in the Social Infrastructure Business, and improved profitability will continue, despite concerns over delays in the launch of new models in the EV business.