Worth reading
63In focus
Scored from 4 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
4901
¥ million (year-on-year change in quarterly net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥25,293 million+9.5%
Operating profit¥2,130 million+44.5%
Ordinary income¥2,178 million+38.3%
Net income¥5,853 million +514.6%profit attributable to owners of the parent
Operating profit margin8.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally within the initial assumptionsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Power Equipment business¥479 million
- Metering business¥495 million
- GX Solutions business¥-63 million
- Optical Application Inspection Equipment business¥2 million
- Other businesses (real estate leasing)¥6 million
- Corporate expenses and other items¥-263 million
New initiatives
- Targeted order activities focused on extra-high-voltage receiving and distribution equipment for data centers and battery storage facilities
- Strengthening cost competitiveness in the smart meter field through the full-scale operation of SMAC and the renewal of production lines
- Expanding smart meter orders and increasing market share across all electric power companies
- Cost reductions in the instrument transformer business
Key KPIsA metric the company considers important as a management benchmark.
- Net sales to TEPCO Power Grid¥12,434 millionYear on year against the same period last year+28.0%
- Power Grid sales mix49.2%Year-on-year change+7.1 percentage points
- Orders received¥32,941 millionYear on year against the same period last year+13.5%
Segment results
- Power Equipment businessNet Sales14,246Revenue unit¥ millionYear-on-year change in revenue13Segment profit2,452Profit unit¥ millionYear-on-year change in profit24.3
- Metering businessNet Sales9,739Revenue unit¥ millionYear-on-year change in revenue22Segment profit1,627Profit unit¥ millionYear-on-year change in profit43.7
- GX Solutions businessNet Sales1,033Revenue unit¥ millionYear-on-year change in revenue-52.9Segment profit-370Profit unit¥ millionYear-on-year change in profit-20.8
- Optical Application Inspection Equipment businessNet Sales52Revenue unit¥ millionYear-on-year change in revenue-28.4Segment profit-94Profit unit¥ millionYear-on-year change in profit2.7
- Other businesses (real estate leasing)Net Sales220Revenue unit¥ millionYear-on-year change in revenue-10.2Segment profit167Profit unit¥ millionYear-on-year change in profit4.3
Orders received and order backlog
Consolidated orders received
¥32,941 million
Consolidated order backlog
¥76,754 million
Orders received in the year-earlier period
¥29,030 million
Order backlog in the year-earlier period
¥84,402 million
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥25,293 million (YoY +9.5%) |
| Operating profit | ¥2,130 million (YoY +44.5%) |
| Ordinary income | ¥2,178 million (YoY +38.3%) |
| Net income | ¥5,853 million (profit attributable to owners of the parent) (YoY +514.6%) |
| Operating profit margin | 8.4% |
| Self-assessment against the plan | Generally within the initial assumptions |
| Segment results | Segment Power Equipment business / Net Sales 14,246 / Revenue unit ¥ million / Year-on-year change in revenue 13 / Segment profit 2,452 / Profit unit ¥ million / Year-on-year change in profit 24.3, Segment Metering business / Net Sales 9,739 / Revenue unit ¥ million / Year-on-year change in revenue 22 / Segment profit 1,627 / Profit unit ¥ million / Year-on-year change in profit 43.7, Segment GX Solutions business / Net Sales 1,033 / Revenue unit ¥ million / Year-on-year change in revenue -52.9 / Segment profit -370 / Profit unit ¥ million / Year-on-year change in profit -20.8, Segment Optical Application Inspection Equipment business / Net Sales 52 / Revenue unit ¥ million / Year-on-year change in revenue -28.4 / Segment profit -94 / Profit unit ¥ million / Year-on-year change in profit 2.7, Segment Other businesses (real estate leasing) / Net Sales 220 / Revenue unit ¥ million / Year-on-year change in revenue -10.2 / Segment profit 167 / Profit unit ¥ million / Year-on-year change in profit 4.3 |
| Breakdown of Factors Affecting the Change | Item Power Equipment business / Amount ¥479 million, Item Metering business / Amount ¥495 million, Item GX Solutions business / Amount ¥-63 million, Item Optical Application Inspection Equipment business / Amount ¥2 million, Item Other businesses (real estate leasing) / Amount ¥6 million, Item Corporate expenses and other items / Amount ¥-263 million |
| Key KPIs | Indicator name Net sales to TEPCO Power Grid / Value ¥12,434 million / Year on year against the same period last year ¥28 million, Indicator name Power Grid sales mix / Value 49.2% / Year-on-year change +7.1 percentage points, Indicator name Orders received / Value ¥32,941 million / Year on year against the same period last year ¥13.5 million |
| Orders received and order backlog | Consolidated orders received ¥32,941 million / Consolidated order backlog ¥76,754 million / Orders received in the year-earlier period ¥29,030 million / Order backlog in the year-earlier period ¥84,402 million |
| New initiatives | Targeted order activities focused on extra-high-voltage receiving and distribution equipment for data centers and battery storage facilities, Strengthening cost competitiveness in the smart meter field through the full-scale operation of SMAC and the renewal of production lines, Expanding smart meter orders and increasing market share across all electric power companies, Cost reductions in the instrument transformer business |
Items this document does not state (18)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&A
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 the Power Equipment business, sales of distribution equipment, including small transformers and controllers for distribution automation, as well as supervisory control systems, increased. In the Metering business, sales of smart meters, the SMAC business and instrument transformers increased. Meanwhile, the GX Solutions business and Optical Application Inspection Equipment business declined. With respect to net income, the Company recorded ¥5,400 million in gains on the sale of non-current assets in connection with the sale of a building held for lease and ¥1,335 million in reversals of repair provisions as extraordinary income.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.