Worth reading
43Recurring
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
4799
¥ million (year-on-year increase in interim net income attributable to owners of the parent)Wording
Definitive
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportSecond quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥49,960 million+3.2%
Operating profit¥3,761 million+10.5%
Ordinary income¥3,814 million+6.7%
Net income¥6,987 million +219.3%interim net income attributable to owners of the parent
Operating profit margin7.5%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Power equipment57
Quantification2,386
GX Solutions-970
Optical Inspection Equipment223
Other-137
Operating profit
Power equipment233
Quantification458
GX Solutions4
Optical Inspection Equipment151
Other-26
Corporate expenses and other items-464
New initiatives
- Targeted order activities focused on extra-high-voltage receiving and distribution equipment for data centers and battery storage facilities
- Full-scale operation of SMAC and production-line upgrades to strengthen cost competitiveness
- Expand orders for second-generation smart meters from all electric utilities
- Pursue large-scale domestic projects and develop new overseas customers for inspection equipment for advanced logic semiconductors for AI
Key KPIsA metric the company considers important as a management benchmark.
- Net sales to TEPCO Power Grid¥22,024 millionYear on year against the same period last year+11.8%
- Power Grid sales mix44.1 %Year on year against the same period last year+3.4 percentage points
- Orders received¥64,652 millionYear on year against the same period last year+15.0%
- Consolidated order backlog¥76,754 million
Segment results
Power Equipment business
Net Sales
¥27,491 million+0.2%
Profit
¥4,329 million+5.7%
Metering business
Net Sales
¥18,218 million+15.1%
Profit
¥2,725 million+20.2%
GX Solutions business
Net Sales
¥3,492 million-21.7%
Profit
¥-375 million+1.2%
Optical Application Inspection Equipment business
Net Sales
¥403 million+124.2%
Profit
¥-41 million+78.3%
Other businesses (real estate leasing)
Net Sales
¥353 million-28.0%
Profit
¥295 million-8.3%
Orders received and order backlog
Orders received
¥64,652 million
Order backlog
¥76,754 million
Annual Dividend
Annual dividend amount¥134 per share
Interim¥67 per share
End of period¥67 per share
Payout ratio
Targeting a consolidated payout ratio of 40%| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥49,960 million (YoY +3.2%) |
| Operating profit | ¥3,761 million (YoY +10.5%) |
| Ordinary income | ¥3,814 million (YoY +6.7%) |
| Net income | ¥6,987 million (interim net income attributable to owners of the parent) (YoY +219.3%) |
| Operating profit margin | 7.5% |
| Segment results | Power Equipment business Net Sales ¥27,491 million (YoY +0.2%) / Profit ¥4,329 million (YoY +5.7%) / Metering business Net Sales ¥18,218 million (YoY +15.1%) / Profit ¥2,725 million (YoY +20.2%) / GX Solutions business Net Sales ¥3,492 million (YoY -21.7%) / Profit ¥-375 million (YoY +1.2%) / Optical Application Inspection Equipment business Net Sales ¥403 million (YoY +124.2%) / Profit ¥-41 million (YoY +78.3%) / Other businesses (real estate leasing) Net Sales ¥353 million (YoY -28.0%) / Profit ¥295 million (YoY -8.3%) |
| Breakdown of Factors Affecting the Change | Net Sales Power equipment 57 / Quantification 2,386 / GX Solutions -970 / Optical Inspection Equipment 223 / Other -137 / Operating profit Power equipment 233 / Quantification 458 / GX Solutions 4 / Optical Inspection Equipment 151 / Other -26 / Corporate expenses and other items -464 |
| Key KPIs | Indicator name Net sales to TEPCO Power Grid / Value ¥22,024 million / Year on year against the same period last year ¥11.8 million, Indicator name Power Grid sales mix / Value 44.1 % / Year on year against the same period last year +3.4 percentage points, Indicator name Orders received / Value ¥64,652 million / Year on year against the same period last year ¥15 million, Indicator name Consolidated order backlog / Value ¥76,754 million / Year on year against the same period last year Not disclosed |
| Annual Dividend | Annual dividend amount ¥134 per share / Interim ¥67 per share / End of period ¥67 per share |
| Payout ratio | Targeting a consolidated payout ratio of 40% |
| Orders received and order backlog | Orders received ¥64,652 million / Order backlog ¥76,754 million |
| New initiatives | Targeted order activities focused on extra-high-voltage receiving and distribution equipment for data centers and battery storage facilities, Full-scale operation of SMAC and production-line upgrades to strengthen cost competitiveness, Expand orders for second-generation smart meters from all electric utilities, Pursue large-scale domestic projects and develop new overseas customers for inspection equipment for advanced logic semiconductors for AI |
Items this document does not state (17)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition 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.Revenue increased on growth in the Measurement and Optical Application Inspection Equipment businesses. In addition to higher revenue, profit benefited from the recognition as extraordinary gains of a ¥5,400 million gain on the sale of fixed assets associated with the sale of a building held for lease and ¥1,335 million in reversals of provisions for repairs.
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