Worth reading
34Immaterial
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
-7.2
% (year-on-year change in consolidated net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending December 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥5,784 million-7.2%
Operating profit¥416 million-39.2%
Ordinary income¥416 million-38.9%
Net income¥264 million-44.3%
Selling, general and administrative expenses¥1,035 million
Gross Profit Margin25.1% (gross profit of ¥1,451 million ÷ net sales of ¥5,784 million; year-on-year change in percentage points: Not disclosed)
Operating profit margin7.2% (11.0% in the same period of the previous year, down 3.8 percentage points year on year)
Results for the three months of the current quarterNet sales of ¥5,784 million, operating income of ¥416 million, ordinary income of ¥416 million, and quarterly net income attributable to owners of the parent of ¥264 million
Full-year earnings forecast
Net Sales
¥26,000 million
Operating profit
¥1,900 million
Ordinary income
¥1,970 million
Profit attributable to owners of the parent
¥1,330 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Information Equipment Business: lower sales for expressways and general roads, and lower earnings due to the decrease in revenue. Lighting Equipment Business: increases in private-sector and public-sector facility-related business, and higher earnings due to the increase in revenue. Components Business: increases in piping protection equipment and electromagnetic-wave environmental countermeasure components, and higher earnings due to the increase in revenue. On the balance sheet, cash and deposits, investment securities measured at fair value, short-term borrowings, and valuation differences on available-for-sale securities increased. The bridge showing the amount attributable to each factor was not disclosed.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The materials mention the risk of higher raw material prices and procurement difficulties due to the situation in the Middle East, as well as the global economy, competitive conditions and foreign-exchange fluctuations, but numerical assumptions were not disclosed.Key KPIsA metric the company considers important as a management benchmark.
- Public-sector demand ratio44 %Year on year against the same period last yearDown from 52% in the same period of the previous year
- Return on equity1.4 %Year on year against the same period last yearDown 1.4 percentage points from 2.8% in the same period of the previous year
- Return on assets based on ordinary income1.3 %Year on year against the same period last yearDown 0.9 percentage points from 2.2% in the same period of the previous year
- Operating margin7.2 %Year on year against the same period last yearDown 3.8 percentage points from 11.0% in the same period of the previous year
Segment results
- Information Equipment BusinessNet Sales¥1,934 million (YoY -27.7%)Segment profit¥195 million (YoY -62.4%)Orders received¥1,806 million (YoY -23.4%)Order backlog¥8,955 million (YoY -26.7%)
- Lighting Equipment BusinessNet Sales¥2,455 million (YoY +7.1%)Segment profit¥601 million (YoY +13.8%)Orders received¥2,383 million (YoY +29.7%)Order backlog¥2,631 million (YoY +9.9%)
- Component BusinessNet Sales¥1,233 million (YoY +9.1%)Segment profit¥92 million (YoY +81.4%)Orders received¥1,482 million (YoY +28.0%)Order backlog¥618 million (YoY +39.6%)
Financial targets
The actual equity ratio was 60.4% (63.1% at the end of the fiscal year ended December), but financial targets were not disclosed.Orders received and order backlog
Information Equipment Business: orders received of ¥1,806 million and order backlog of ¥8,955 million. Lighting Equipment Business: orders received of ¥2,383 million and order backlog of ¥2,631 million. Components Business: orders received of ¥1,482 million and order backlog of ¥618 million.| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Net Sales | ¥5,784 million (YoY -7.2%) |
| Operating profit | ¥416 million (YoY -39.2%) |
| Ordinary income | ¥416 million (YoY -38.9%) |
| Net income | ¥264 million (YoY -44.3%) |
| Gross Profit Margin | 25.1% (gross profit of ¥1,451 million ÷ net sales of ¥5,784 million; year-on-year change in percentage points: Not disclosed) |
| Operating profit margin | 7.2% (11.0% in the same period of the previous year, down 3.8 percentage points year on year) |
| Selling, general and administrative expenses | ¥1,035 million |
| Results for the three months of the current quarter | Net sales of ¥5,784 million, operating income of ¥416 million, ordinary income of ¥416 million, and quarterly net income attributable to owners of the parent of ¥264 million |
| Full-year earnings forecast | Net Sales ¥26,000 million / Operating profit ¥1,900 million / Ordinary income ¥1,970 million / Profit attributable to owners of the parent ¥1,330 million |
| Segment results | Segment Information Equipment Business / Net Sales ¥1,934 million (YoY -27.7%) / Segment profit ¥195 million (YoY -62.4%) / Orders received ¥1,806 million (YoY -23.4%) / Order backlog ¥8,955 million (YoY -26.7%), Segment Lighting Equipment Business / Net Sales ¥2,455 million (YoY +7.1%) / Segment profit ¥601 million (YoY +13.8%) / Orders received ¥2,383 million (YoY +29.7%) / Order backlog ¥2,631 million (YoY +9.9%), Segment Component Business / Net Sales ¥1,233 million (YoY +9.1%) / Segment profit ¥92 million (YoY +81.4%) / Orders received ¥1,482 million (YoY +28.0%) / Order backlog ¥618 million (YoY +39.6%) |
| Breakdown of Factors Affecting the Change | Information Equipment Business: lower sales for expressways and general roads, and lower earnings due to the decrease in revenue. Lighting Equipment Business: increases in private-sector and public-sector facility-related business, and higher earnings due to the increase in revenue. Components Business: increases in piping protection equipment and electromagnetic-wave environmental countermeasure components, and higher earnings due to the increase in revenue. On the balance sheet, cash and deposits, investment securities measured at fair value, short-term borrowings, and valuation differences on available-for-sale securities increased. The bridge showing the amount attributable to each factor was not disclosed. |
| Key KPIs | Indicator name Public-sector demand ratio / Value 44 % / Year on year against the same period last year Down from 52% in the same period of the previous year, Indicator name Return on equity / Value 1.4 % / Year on year against the same period last year Down 1.4 percentage points from 2.8% in the same period of the previous year, Indicator name Return on assets based on ordinary income / Value 1.3 % / Year on year against the same period last year Down 0.9 percentage points from 2.2% in the same period of the previous year, Indicator name Operating margin / Value 7.2 % / Year on year against the same period last year Down 3.8 percentage points from 11.0% in the same period of the previous year |
| Assumptions Underlying the Business Outlook | The materials mention the risk of higher raw material prices and procurement difficulties due to the situation in the Middle East, as well as the global economy, competitive conditions and foreign-exchange fluctuations, but numerical assumptions were not disclosed. |
| Financial targets | The actual equity ratio was 60.4% (63.1% at the end of the fiscal year ended December), but financial targets were not disclosed. |
| Orders received and order backlog | Information Equipment Business: orders received of ¥1,806 million and order backlog of ¥8,955 million. Lighting Equipment Business: orders received of ¥2,383 million and order backlog of ¥2,631 million. Components Business: orders received of ¥1,482 million and order backlog of ¥618 million. |
Items this document does not state (14)
Progress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey points of the Q&ANew initiatives
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 the Information Equipment Business, sales for expressways and general roads declined, resulting in lower earnings due to the decrease in revenue. The Lighting Equipment Business and Components Business posted higher earnings on increased revenue. Going forward, there are concerns over the risk of higher raw material prices and procurement difficulties due to the situation in the Middle East.
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