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.
Orders received exceeded the previous fiscal year in both the Signal Systems Business and the Power Electronics Business. Sales increased in the Signal Systems Business, while sales in the Power Electronics Business declined due to the deferral of investment plans. Operating income and ordinary income declined due to higher personnel expenses, selling, general and administrative expenses, and inventory disposal and valuation losses. Net income increased due to extraordinary gains, including gains on the sale of investment securities.
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 | ¥93,122 million (YoY +9.1%) |
| Operating profit | ¥4,503 million (YoY -26.3%) |
| Ordinary income | ¥5,203 million (YoY -21.7%) |
| Profit attributable to owners of the parent | ¥5,042 million (YoY +5.4%) |
| Net income per share | ¥81.37 |
| Operating Margin | 4.8% (7.2% in the previous fiscal year) |
| Equity ratio | End of the current fiscal period 46.7 / End of previous period 41 |
| Total assets | ¥119,208 million |
| Net assets | ¥55,668 million |
| Cash flows from operating activities | ¥3,391 million |
| Cash flows from investing activities | ¥-471 million |
| Cash flows from financing activities | ¥-4,169 million |
| Cash and cash equivalents at end of period | ¥6,898 million |
| Full-year earnings forecast | Net Sales ¥90,200 million (YoY -3.1%) / Operating profit ¥5,600 million (YoY +24.4%) / Ordinary income ¥6,000 million (YoY +15.3%) / Net income ¥4,200 million (YoY -16.7%) |
| Annual Dividend Forecast | ¥23 → ¥27（+17.4%） |
| Payout ratio | Fiscal year ending March 2026 30.7 / Forecast for the fiscal year ending March 2027 39.7 |
| Segment revenue | Signal Systems Business ¥79,781 million, Power Electronics Business ¥13,341 million |
| Segment profit | Signal Systems Business ¥11,950 million, Power Electronics Business ¥-2,339 million |
| Orders received and order backlog | Orders received ¥98,562 million / Order backlog Not disclosed |
| Depreciation and amortization | ¥1,880 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2 million, Gain on sale of investment securities ¥1,101 million, Damages received ¥450 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥33 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 (company name: —); excluded: 0 companies (company name: —) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (participants not specified) |
| Issued Shares at Period-End | 62,844,251 |
| Treasury Shares at Period-End | 1,121,879 |
| Factors Behind Changes in Business Performance | Orders received exceeded the previous fiscal year in both the Signal Systems Business and the Power Electronics Business. Sales increased in the Signal Systems Business, while sales in the Power Electronics Business declined due to the deferral of investment plans. Operating income and ordinary income declined due to higher personnel expenses, selling, general and administrative expenses, and inventory disposal and valuation losses. Net income increased due to extraordinary gains, including gains on the sale of investment securities. |
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.Orders and sales in the Signal Systems Business increased, while sales in the Power Electronics Business declined as end users deferred their investment plans to the following fiscal year and beyond. On the earnings front, higher personnel expenses, selling, general and administrative expenses, and inventory disposal and valuation losses put pressure on profits. However, net income attributable to owners of the parent increased due to extraordinary gains, including gains on the sale of investment securities.