Worth reading
62In focus
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
28.2
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales35,446¥ millionYear on year +8.8%Progress 97.1%
Operating profit1,199¥ millionYear on year +28.2%Progress 72.7%
Ordinary income1,196¥ millionYear on year +16.7%Progress 72.5%
Net income attributable to owners of the parent1,889¥ millionYear on year +143.1%Progress 82.1%
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¥214.12
Operating Margin3.4%
Financial position at period-end
Total assets53,055¥ million
of which net assets 37,212 ¥ millionEquity ratio 69.2%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-2,471
Investment+2,047
Financials-2,165
Net change-2,589
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.
Cash and cash equivalents at end of period¥11,422 million
Segment revenueTelecommunications-related business ¥25,387 million (YoY +15.0%), High-Frequency-Related Business ¥9,952 million (YoY -4.4%)
Segment profitTelecommunications-related business ¥2,367 million (YoY +23.5%), High-Frequency-Related Business ¥1,592 million (YoY -8.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥36,500 million (YoY +3.0%)
Operating profit¥1,650 million (YoY +37.6%)
Ordinary income¥1,650 million (YoY +37.9%)
Net income¥2,300 million (YoY +21.7%)
Annual Dividend Forecast¥100 per share → ¥105 per share（+5.0%）
Payout ratio46.7% (actual for the fiscal year ended March 2026), 42.5% (forecast for the fiscal year ending March 2027)
Shareholder Return PolicyTarget a consolidated payout ratio of 40%, with a DOE target floor of 2.5% (previously 2.0%)
Factors Behind Changes in Business Performance
The company captured demand for mobile communications, disaster management administrative radio systems and defense-related products, while advancing productivity improvements and fixed-cost reductions. In the high-frequency-related business, demand for capital investment related to automobiles was sluggish due to trade policies centered on the United States.
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 1 / Excluded Company Name DKK Shinotai Engineering株式会社
Material subsequent eventsOn 1 April 2026, part of the defined-benefit pension plan was transferred to a defined-contribution pension plan. The company expects to record extraordinary income in the following consolidated fiscal year, although the amount is still being calculated.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥862 million, Investment Partnership Gains and Losses ¥879 million, Gain on reversal of foreign currency translation adjustment ¥149 million / Extraordinary loss None
Depreciation and amortization¥812 million
Orders received and order backlogTelecommunications-related business Orders received 28,092 / Order backlog 17,257 / High-Frequency-Related Business Orders received 10,781 / Order backlog 3,926 / Total Orders received 38,873 / Order backlog 21,183
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End9,900,000
Treasury Shares at Period-End1,182,343
| 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 | ¥35,446 million (YoY +8.8%) |
| Operating profit | ¥1,199 million (YoY +28.2%) |
| Ordinary income | ¥1,196 million (YoY +16.7%) |
| Profit attributable to owners of the parent | ¥1,889 million (YoY +143.1%) |
| Net income per share | ¥214.12 |
| Operating Margin | 3.4% |
| Equity ratio | End of the current fiscal period 69.2% / End of previous period 68.8% |
| Total assets | ¥53,055 million |
| Net assets | ¥37,212 million |
| Cash flows from operating activities | ¥-2,471 million |
| Cash flows from investing activities | ¥2,047 million |
| Cash flows from financing activities | ¥-2,165 million |
| Cash and cash equivalents at end of period | ¥11,422 million |
| Full-year earnings forecast | Net Sales ¥36,500 million (YoY +3.0%) / Operating profit ¥1,650 million (YoY +37.6%) / Ordinary income ¥1,650 million (YoY +37.9%) / Net income ¥2,300 million (YoY +21.7%) |
| Annual Dividend Forecast | ¥100 per share → ¥105 per share（+5.0%） |
| Payout ratio | 46.7% (actual for the fiscal year ended March 2026), 42.5% (forecast for the fiscal year ending March 2027) |
| Shareholder Return Policy | Target a consolidated payout ratio of 40%, with a DOE target floor of 2.5% (previously 2.0%) |
| Segment revenue | Telecommunications-related business ¥25,387 million (YoY +15.0%), High-Frequency-Related Business ¥9,952 million (YoY -4.4%) |
| Segment profit | Telecommunications-related business ¥2,367 million (YoY +23.5%), High-Frequency-Related Business ¥1,592 million (YoY -8.6%) |
| Orders received and order backlog | Telecommunications-related business Orders received 28,092 / Order backlog 17,257 / High-Frequency-Related Business Orders received 10,781 / Order backlog 3,926 / Total Orders received 38,873 / Order backlog 21,183 |
| Depreciation and amortization | ¥812 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥862 million, Investment Partnership Gains and Losses ¥879 million, Gain on reversal of foreign currency translation adjustment ¥149 million / Extraordinary loss None |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 | New 0 / Excluded 1 / Excluded Company Name DKK Shinotai Engineering株式会社 |
| Material subsequent events | On 1 April 2026, part of the defined-benefit pension plan was transferred to a defined-contribution pension plan. The company expects to record extraordinary income in the following consolidated fiscal year, although the amount is still being calculated. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 9,900,000 |
| Treasury Shares at Period-End | 1,182,343 |
| Factors Behind Changes in Business Performance | The company captured demand for mobile communications, disaster management administrative radio systems and defense-related products, while advancing productivity improvements and fixed-cost reductions. In the high-frequency-related business, demand for capital investment related to automobiles was sluggish due to trade policies centered on the United States. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesImpairment loss
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.Growth in profit was attributed to capturing demand for mobile communications, disaster management administrative radio systems and defense-related products, as well as improving productivity and reducing fixed costs. In the high-frequency-related business, demand for capital investment related to automobiles was sluggish due to trade policies centered on the United States.
How to read this page
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