Komori
Earnings6644Osaki Electric Co.,Ltd.Electrical Equipment and Precision Instruments

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP]

In the first quarter of the fiscal year ending March 2027, revenue increased 4.4% year on year and operating income rose 79.6%, resulting in a substantial increase in profit, led primarily by the domestic measurement and control business. The full-year earnings forecast and annual dividend forecast remain unchanged from the previous forecasts.

Worth reading
42Recurring
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
79.6
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales22,922Millions of yenYear on year +4.4%Progress 22.7%
Operating profit1,813Millions of yenYear on year +79.6%Progress 22.4%
Ordinary income2,122Millions of yenYear on year +85.0%Progress 26.2%
Net income attributable to owners of the parent1,183Millions of yenYear on year +237.2%Progress 24.6%

The 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.

Net income per share¥26.78
Financial position at period-end
Total assets96,268Millions of yen
of which net assets 68,638 Millions of yenEquity ratio 58.6%vs. prior year-end +1.7pt

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.

Segment revenueDomestic measurement and control business 14,256 Millions of yen (YoY +6.2%), Overseas measurement and control business 8,683 Millions of yen (YoY -0.3%), Real Estate Business 100 Millions of yen (YoY -21.7%)
Segment profitDomestic measurement and control business 1,295 Millions of yen (YoY +60.9%), Overseas measurement and control business 458 Millions of yen (YoY +200.1%), Real Estate Business 59 Millions of yen (YoY -11.8%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales101,000 Millions of yen (YoY +0.1%)
Operating profit8,100 Millions of yen (YoY +24.1%)
Ordinary income8,100 Millions of yen (YoY +23.3%)
Net income4,800 Millions of yen (YoY -16.9%)
Annual Dividend Forecast¥49 → ¥49(0.0%)
Factors Behind Changes in Business Performance

The Domestic Measurement and Control Business reported higher revenue and profit, supported by increased shipments of second-generation smart meters, higher sales in the switchboard business, improved profitability, and increased revenue from the solutions business. The Overseas Measurement and Control Business saw lower revenue due to the peak-out of the UK's smart meter project and a slow start in the first year of Australia's replacement program, but profit increased on remaining contracts in the Middle East and Africa, orders from existing customers in Asia, and cost reductions in the United Kingdom. The Real Estate Business reported lower revenue and profit due to the sale of certain properties in the previous fiscal year.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsA resolution was passed to transfer all shares of EDMI Electronics Sdn Bhd held by EDMI Limited to Cicor Asia Pte. Ltd. The transfer price is scheduled to be US$7 million (approximately ¥1,085 million), and the transfer is scheduled to be completed on 30 October 2026. The impact on the consolidated financial statements is currently being reviewed.
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 171 Millions of yen / Extraordinary loss Business structure improvement expenses 48 Millions of yen
Depreciation and amortization820 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End46,917,180 Shares
Treasury Shares at Period-End3,112,466 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales22,922 Millions of yen (YoY +4.4%)
Operating profit1,813 Millions of yen (YoY +79.6%)
Ordinary income2,122 Millions of yen (YoY +85.0%)
Profit attributable to owners of the parent1,183 Millions of yen (YoY +237.2%)
Net income per share¥26.78
Equity ratioEnd of the current fiscal period 58.6 / End of previous period 56.9
Total assets96,268 Millions of yen
Net assets68,638 Millions of yen
Full-year earnings forecastNet Sales 101,000 Millions of yen (YoY +0.1%) / Operating profit 8,100 Millions of yen (YoY +24.1%) / Ordinary income 8,100 Millions of yen (YoY +23.3%) / Net income 4,800 Millions of yen (YoY -16.9%)
Annual Dividend Forecast¥49 → ¥49(0.0%)
Segment revenueDomestic measurement and control business 14,256 Millions of yen (YoY +6.2%), Overseas measurement and control business 8,683 Millions of yen (YoY -0.3%), Real Estate Business 100 Millions of yen (YoY -21.7%)
Segment profitDomestic measurement and control business 1,295 Millions of yen (YoY +60.9%), Overseas measurement and control business 458 Millions of yen (YoY +200.1%), Real Estate Business 59 Millions of yen (YoY -11.8%)
Depreciation and amortization820 Millions of yen
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 171 Millions of yen / Extraordinary loss Business structure improvement expenses 48 Millions of yen
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Material subsequent eventsA resolution was passed to transfer all shares of EDMI Electronics Sdn Bhd held by EDMI Limited to Cicor Asia Pte. Ltd. The transfer price is scheduled to be US$7 million (approximately ¥1,085 million), and the transfer is scheduled to be completed on 30 October 2026. The impact on the consolidated financial statements is currently being reviewed.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End46,917,180 Shares
Treasury Shares at Period-End3,112,466 Shares
Factors Behind Changes in Business PerformanceThe Domestic Measurement and Control Business reported higher revenue and profit, supported by increased shipments of second-generation smart meters, higher sales in the switchboard business, improved profitability, and increased revenue from the solutions business. The Overseas Measurement and Control Business saw lower revenue due to the peak-out of the UK's smart meter project and a slow start in the first year of Australia's replacement program, but profit increased on remaining contracts in the Middle East and Africa, orders from existing customers in Asia, and cost reductions in the United Kingdom. The Real Estate Business reported lower revenue and profit due to the sale of certain properties in the previous fiscal year.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog

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 Japan, growth was supported by increased shipments of second-generation smart meters, higher sales in the switchboard business, improved profitability in the smart meter business, and increased revenue from the solutions business. Overseas, cost reductions in the United Kingdom contributed to higher profit, while the peak-out of the UK's smart meter project and a slow start in the first year of Australia's replacement program reduced revenue.

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Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] | Osaki Electric Co.,Ltd. (6644) timely disclosure | Komori