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.
Full-scale introduction and shipment of second-generation smart meters, higher sales from smart meter projects in the UK, improved margins in the switchboard business, improved margins in the overseas Measurement and Control Business, lower selling, general and administrative expenses following organizational restructuring, and gains on the sale of cross-shareholdings and real estate.
Not applicable (no matters to report in the notes on the going concern assumption)
| 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 | ¥100,900 million (YoY +3.9%) |
| Operating profit | ¥6,526 million (YoY +14.5%) |
| Ordinary income | ¥6,567 million (YoY +21.9%) |
| Profit attributable to owners of the parent | ¥5,777 million (YoY +64.9%) |
| Net income per share | ¥129.22 |
| Operating Margin | 6.5％ |
| Equity ratio | End of the current fiscal period 56.9％ / End of previous period 51.9％ |
| Total assets | ¥99,821 million |
| Net assets | ¥68,834 million |
| Cash flows from operating activities | ¥8,862 million |
| Cash flows from investing activities | ¥4,828 million |
| Cash flows from financing activities | ¥-5,828 million |
| Cash and cash equivalents at end of period | ¥18,408 million |
| Full-year earnings forecast | Net Sales ¥101,000 million (YoY +0.1%) / Operating profit ¥8,100 million (YoY +24.1%) / Ordinary income ¥8,100 million (YoY +23.3%) / Profit attributable to owners of the parent ¥4,800 million (YoY -16.9%) |
| Annual Dividend Forecast | ¥49 → ¥49（0.0%） |
| Payout ratio | Fiscal year ending March 2025 29.1％ / Fiscal year ending March 2026 37.9％ / Forecast for the fiscal year ending March 2027 45.4％ |
| Shareholder Return Policy | The annual dividend is determined using the higher of a 3% dividend on equity ratio (DOE) and a 30% dividend payout ratio as a guideline. |
| Segment revenue | Domestic measurement and control business ¥59,732 million (YoY +6.5%), Overseas measurement and control business ¥41,566 million (YoY -0.4%), Real Estate Business ¥435 million (YoY -22.4%) |
| Segment profit | Domestic measurement and control business ¥4,676 million (YoY +17.9%), Overseas measurement and control business ¥1,743 million (YoY +17.9%), Real Estate Business ¥103 million (YoY -61.5%) |
| Depreciation and amortization | ¥3,018 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥6,150 million, Gain on sale of investment securities ¥693 million / Extraordinary loss Business structure improvement costs ¥559 million, Business Withdrawal Losses ¥2,061 million |
| 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 | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 46,917,180 Shares |
| Treasury Shares at Period-End | 2,467,766 Shares |
| Factors Behind Changes in Business Performance | Full-scale introduction and shipment of second-generation smart meters, higher sales from smart meter projects in the UK, improved margins in the switchboard business, improved margins in the overseas Measurement and Control Business, lower selling, general and administrative expenses following organizational restructuring, and gains on the sale of cross-shareholdings and real estate. |
Items this document does not state (4)
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.Profit increased in the current fiscal year due to the introduction and shipment of second-generation smart meters, higher sales in the UK, improved margins in the switchboard business, improved margins in overseas operations, and lower selling, general and administrative expenses following organizational restructuring. Net income increased despite the recognition of losses on business withdrawals and business restructuring costs, mainly because gains were recognized on the sale of cross-shareholdings and real estate. In the next fiscal year, profitability is expected to improve through the introduction of second-generation smart meters, expanded sales of new products and sales of NEOS, while overseas revenue is expected to decline due to the withdrawal from the Middle East and Africa and the expected peak-out in demand for UK projects.