Contents of this document
- Assumed U.S. dollar exchange rate¥150
- Assumed euro exchange rate¥175
- Launch of sales of NIR tablet inspection equipment
- Commencement of a sales agreement with TTi
- Exhibition of 6G solutions at MWC2026 and a joint demonstration with Qualcomm Technologies, Inc.
- Setting revenue targets for growth fields toward FY2030
- Orders received1,246 Hundreds of millions of yenYear on year against the same period last year+11.0%
- Operating cash flow margin15.2 %
- Operating CF179 Hundreds of millions of yen
- Free cash flow32 Hundreds of millions of yen
- Cash and cash equivalents at period-end493 Hundreds of millions of yen
- Interest-bearing debt68 Hundreds of millions of yen
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | 1,175 Hundreds of millions of yen (YoY +4.0%) |
| Operating profit | 148 Hundreds of millions of yen (YoY +22.0%) |
| Net income | 117 Hundreds of millions of yen (YoY +26.0%) |
| Operating profit margin | 13 % |
| Results for the three months of the current quarter | Net Sales 364 Hundreds of millions of yen / Operating profit 64 Hundreds of millions of yen |
| Full-year earnings forecast | Net Sales 1,400 Hundreds of millions of yen / Operating profit 200 Hundreds of millions of yen / Income before taxes 200 Hundreds of millions of yen / Profit for the period 150 Hundreds of millions of yen / Communications Measurement Net Sales 850 Hundreds of millions of yen / Operating profit 165 Hundreds of millions of yen / PQA Net Sales 330 Hundreds of millions of yen / Operating profit 40 Hundreds of millions of yen / Environmental Measurement Net Sales 160 Hundreds of millions of yen / Operating profit 10 Hundreds of millions of yen / Other Net Sales 60 Hundreds of millions of yen / Operating profit 15 Hundreds of millions of yen |
| Segment results | Communications Measurement Net Sales 688 Hundreds of millions of yen (YoY -2.0%) / Operating profit 108 Hundreds of millions of yen (YoY +29.0%) / PQA Net Sales 310 Hundreds of millions of yen (YoY +10.0%) / Operating profit 33 Hundreds of millions of yen (YoY +17.0%) / Environmental Measurement Net Sales 108 Hundreds of millions of yen (YoY +26.0%) / Operating profit 9 Hundreds of millions of yen (YoY -5.0%) / Other Net Sales 69 Hundreds of millions of yen (YoY +13.0%) / Operating profit 20 Hundreds of millions of yen (YoY +35.0%) |
| Key KPIs | Indicator name Orders received / Value 1,246 Hundreds of millions of yen / Year on year against the same period last year 11 Hundreds of millions of yen, Indicator name Operating cash flow margin / Value 15.2 % / Year on year against the same period last year Not disclosed, Indicator name Operating CF / Value 179 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Free cash flow / Value 32 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Cash and cash equivalents at period-end / Value 493 Hundreds of millions of yen / Year on year against the same period last year Not disclosed, Indicator name Interest-bearing debt / Value 68 Hundreds of millions of yen / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Item Assumed U.S. dollar exchange rate / Value ¥150, Item Assumed euro exchange rate / Value ¥175 |
| Medium-term management plan targets | Plan name GLP2026 / Target fiscal year FY2026 / Consolidated revenue 1,400 Hundreds of millions of yen / Consolidated operating profit 200 Hundreds of millions of yen / Operating profit margin 14 % / Profit for the period 150 Hundreds of millions of yen / ROE 12 % / Comparison with actual results 掲載 FY2025 results: revenue of ¥117.5 billion, operating income of ¥14.8 billion, an operating margin of 13%, net income of ¥11.7 billion, and ROE of 9.1% |
| Financial targets | ROE Target value 12 % / Actual value 9.1 % |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥50 per share / Interim ¥20 per share / End of period ¥30 per share / Forecast for the fiscal year ending March 2027 Annual ¥50 per share |
| Payout ratio | Forecast for the fiscal year ending March 2026 54.8 % / Forecast for the fiscal year ending March 2027 42.7 % / Total payout ratio Not disclosed |
| Acquisition of treasury shares | Amount 50 Hundreds of millions of yen / Period Implementation, including purchases made in April |
| Orders received and order backlog | Orders received 1,246 Hundreds of millions of yen / Order backlog Not disclosed |
| Market Size / Share | Includes charts showing market trends and the outlook for the optical transceiver manufacturing market. Specific market size and market share figures: Not disclosed |
| New initiatives | Launch of sales of NIR tablet inspection equipment, Commencement of a sales agreement with TTi, Exhibition of 6G solutions at MWC2026 and a joint demonstration with Qualcomm Technologies, Inc., Setting revenue targets for growth fields toward FY2030 |
Items this document does not state (12)
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 Communications Measurement, the Company cited the recovery of customer investments that had been postponed due to the impact of U.S. tariff policies, data center construction and speed upgrades, increased optical submarine cable deployments, and demand related to ANS and PCIe. PQA performed well in all regions, particularly on strong domestic inbound-related demand. Meanwhile, investment in the 5G development market remained volatile, China's 5G smartphone development market stagnated, and demand for testing equipment for EVs and batteries in Environmental Measurement was in a correction phase.