Revised forecast
Fiscal year ending March 2027 · Second quarter (interim period) and full yearPrevious forecast published 15 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
On a consolidated basis, the forecasts for net sales and each profit item have been revised upward because the distribution business related to electrical and information infrastructure and the electronic components-related manufacturing business are expected to remain solid in the second half of the year, despite non-consolidated results being expected to fall below the initial plan due to lower sales of high-voltage receiving equipment and the impact of higher materials prices.
| Item | Details |
|---|---|
| Net Sales | Interim consolidated 97,000; Full-year consolidated 210,000; Interim non-consolidated 47,000; Full-year non-consolidated 103,000 → Interim consolidated actual 98,112; Full-year consolidated 217,000; Interim non-consolidated actual 43,593; Full-year non-consolidated 98,300（Interim consolidated 1.1%; Full-year consolidated 3.3%; Interim non-consolidated -7.2%; Full-year non-consolidated -4.6%） |
| Operating profit | Interim consolidated 5,200; Full-year consolidated 16,700; Interim non-consolidated 3,200; Full-year non-consolidated 10,500 → Interim consolidated actual 7,242; Full-year consolidated 18,500; Interim non-consolidated actual 3,696; Full-year non-consolidated 10,300（Interim consolidated 39.3%; Full-year consolidated 10.8%; Interim non-consolidated 15.5%; Full-year non-consolidated -1.9%） |
| Ordinary income | Interim consolidated 5,600; Full-year consolidated 17,000; Interim non-consolidated 5,600; Full-year non-consolidated 12,900 → Interim consolidated actual 7,484; Full-year consolidated 19,000; Interim non-consolidated actual 6,206; Full-year non-consolidated 12,800（Interim consolidated 33.7%; Full-year consolidated 11.8%; Interim non-consolidated 10.8%; Full-year non-consolidated -0.8%） |
| Profit attributable to owners of the parent | Interim consolidated 3,500; Full-year consolidated 11,600; Interim non-consolidated 4,200; Full-year non-consolidated 9,600 → Interim consolidated actual 4,523; Full-year consolidated 12,800; Interim non-consolidated actual 4,581; Full-year non-consolidated 9,600（Interim consolidated 29.2%; Full-year consolidated 10.3%; Interim non-consolidated 9.1%; Full-year non-consolidated -） |
| Net income per share | Interim consolidated 92.26; Full-year consolidated 305.77; Interim non-consolidated 110.71; Full-year non-consolidated 253.05 → Interim consolidated actual 119.14; Full-year consolidated 337.13; Interim non-consolidated actual 120.68; Full-year non-consolidated 252.85 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Second quarter (interim period) and full year |
| Publication date of previous forecast | 15 May 2026 |
| Previous-period results | Interim consolidated: net sales 88,962, operating profit 5,292, ordinary profit 5,620, interim net income attributable to owners of the parent 3,424, interim net income per share 90.26. Full-year consolidated: net sales 195,783, operating profit 15,446, ordinary profit 16,260, net income attributable to owners of the parent 11,493, net income per share 302.97. Interim non-consolidated: net sales 43,108, operating profit 2,834, ordinary profit 6,637, interim net income 5,209, interim net income per share 137.32. Full-year non-consolidated: net sales 94,490, operating profit 9,480, ordinary profit 14,598, net income 11,471, net income per share 302.38. |
| Reason for the revision | On a consolidated basis, the forecasts for net sales and each profit item have been revised upward because the distribution business related to electrical and information infrastructure and the electronic components-related manufacturing business are expected to remain solid in the second half of the year, despite non-consolidated results being expected to fall below the initial plan due to lower sales of high-voltage receiving equipment and the impact of higher materials prices. |
| Dividend forecast revision | The annual dividend forecast has been revised from ¥154 to ¥170. The year-end dividend forecast has been increased from ¥77 to ¥93. The second-quarter-end dividend forecast is -, and the dividend paid for the current period is ¥77. |
| Consolidated / non-consolidated | Consolidated/non-consolidated |
Items this document does not state (1)
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.During the interim period, sales of high-voltage receiving equipment declined due to a reactionary drop in demand following the rush to purchase before the change in transformer standards, while the electrical and information infrastructure-related distribution business and the electronic components-related manufacturing business remained solid. On the profit side, improved project pricing, a lag in the impact of higher materials prices and the effect of increased revenue in high-value-added areas contributed to results. The consolidated forecast has been revised upward because the distribution business and electronic components-related manufacturing business are expected to remain solid in the second half of the year.