Komori
Results6703Oki Electric Industry Company,LimitedElectrical and Precision Instruments

Second Quarter (Interim Period) Financial Results for the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated)

For the first half of the fiscal year ending March 2027, revenue increased 5.2% year on year, while operating income, ordinary income and net income all turned to losses. The full-year forecast was revised upward by ¥60 billion for revenue and ¥3 billion for operating profit to reflect the impact of the joint venture established for the Automation Equipment business.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
600
¥ hundred million
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales188,643Millions of yenYear on year +5.2%Progress 37.7%
Operating profit-989Millions of yen
Ordinary income-1,809Millions of yen
Net income attributable to owners of the parent-3,516Millions of yen

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-¥40.51
Financial position at period-end
Total assets411,575Millions of yen
of which net assets 165,328 Millions of yenEquity ratio 40.1%vs. prior year-end -0.4pt

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.

Cash inflows and outflows
Operating+13,674
Investment+4,816
Financials-14,272
Net change+4,218

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period39,718 Millions of yen
Segment revenuePublic Solutions 63,477 Millions of yen (YoY +18.8%), Financial solutions 60,876 Millions of yen (YoY -4.3%), Components & Manufacturing 62,752 Millions of yen (YoY +4.6%), Other 1,537 Millions of yen (YoY -35.9%)
Segment profitPublic Solutions 3,594 Millions of yen (YoY +17.1%), Financial solutions 1,517 Millions of yen (YoY -64.2%), Components & Manufacturing 4 Millions of yen, Other -848 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales500,000 Millions of yen (YoY +18.6%)
Operating profit25,000 Millions of yen (YoY +32.7%)
Ordinary income23,000 Millions of yen (YoY +10.7%)
Net income18,000 Millions of yen (YoY -16.3%)
Revision to Earnings ForecastNet Sales ¥4,400 hundred million → ¥5,000 hundred million(+13.6%) / Operating profit ¥220 hundred million → ¥250 hundred million(+13.6%) / Ordinary income ¥220 hundred million → ¥230 hundred million(+4.5%) / Net income ¥180 hundred million → ¥180 hundred million
Annual Dividend Forecast65 Yen → 65 Yen(0.0%)
Factors Behind Changes in Business Performance

Public Solutions saw significant growth in the Defense Systems and Network Infrastructure businesses, offsetting lower demand in the Social Infrastructure Solutions business. Financial Solutions was affected by lower volumes of hardware and solutions, among other factors. PCB and cable operations drove performance in Components & Manufacturing. The full-year forecast reflects the impact of the Automation Equipment business joint venture.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew — companies / Excluded — companies / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 7,293 Millions of yen / Extraordinary loss Special retirement payments 10,143 Millions of yen
Depreciation and amortization7,757 Millions of yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End87,217,602 shares
Treasury Shares at Period-End312,884 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales188,643 Millions of yen (YoY +5.2%)
Operating profit-989 Millions of yen
Ordinary income-1,809 Millions of yen
Profit attributable to owners of the parent-3,516 Millions of yen
Net income per share-¥40.51
Equity ratioEnd of the current fiscal period 40.1% / End of previous period 40.5%
Total assets411,575 Millions of yen
Net assets165,328 Millions of yen
Cash flows from operating activities13,674 Millions of yen
Cash flows from investing activities4,816 Millions of yen
Cash flows from financing activities-14,272 Millions of yen
Cash and cash equivalents at end of period39,718 Millions of yen
Full-year earnings forecastNet Sales 500,000 Millions of yen (YoY +18.6%) / Operating profit 25,000 Millions of yen (YoY +32.7%) / Ordinary income 23,000 Millions of yen (YoY +10.7%) / Net income 18,000 Millions of yen (YoY -16.3%)
Revision to Earnings ForecastNet Sales ¥4,400 hundred million → ¥5,000 hundred million(+13.6%) / Operating profit ¥220 hundred million → ¥250 hundred million(+13.6%) / Ordinary income ¥220 hundred million → ¥230 hundred million(+4.5%) / Net income ¥180 hundred million → ¥180 hundred million
Annual Dividend Forecast65 Yen → 65 Yen(0.0%)
Segment revenuePublic Solutions 63,477 Millions of yen (YoY +18.8%), Financial solutions 60,876 Millions of yen (YoY -4.3%), Components & Manufacturing 62,752 Millions of yen (YoY +4.6%), Other 1,537 Millions of yen (YoY -35.9%)
Segment profitPublic Solutions 3,594 Millions of yen (YoY +17.1%), Financial solutions 1,517 Millions of yen (YoY -64.2%), Components & Manufacturing 4 Millions of yen, Other -848 Millions of yen
Depreciation and amortization7,757 Millions of yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 7,293 Millions of yen / Extraordinary loss Special retirement payments 10,143 Millions of yen
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew — companies / Excluded — companies / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End87,217,602 shares
Treasury Shares at Period-End312,884 shares
Factors Behind Changes in Business PerformancePublic Solutions saw significant growth in the Defense Systems and Network Infrastructure businesses, offsetting lower demand in the Social Infrastructure Solutions business. Financial Solutions was affected by lower volumes of hardware and solutions, among other factors. PCB and cable operations drove performance in Components & Manufacturing. The full-year forecast reflects the impact of the Automation Equipment business joint venture.
Items this document does not state (7)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

The full-year forecast was revised to reflect the impact of the joint venture for the Automation Equipment business, which was established on 1 October. Regarding performance by business during the first half, the company explained that the Defense Systems and Network Infrastructure businesses grew in Public Solutions, that lower volumes of hardware and solutions affected Financial Solutions, and that PCB and cable operations drove performance in Components & Manufacturing.

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Second Quarter (Interim Period) Financial Results for the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated) | Oki Electric Industry Company,Limited (6703) timely disclosure | Komori