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.
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.
Revenue declined due to lower demand for production equipment amid the downturn in the Chinese economy and sluggish demand from domestic radio-equipment manufacturers. Operating profit declined due to soaring raw-material costs and research and development investment in next-generation products, while net income attributable to owners of the parent declined due to extraordinary losses, including costs related to a tender offer.
Not applicable.
| 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 | ¥9,601 million (YoY -8.6%) |
| Operating profit | ¥457 million (YoY -56.0%) |
| Ordinary income | ¥460 million (YoY -55.2%) |
| Profit attributable to owners of the parent | ¥28 million (YoY -96.0%) |
| Net income per share | ¥4.16 |
| Operating Margin | 4.8% |
| Equity ratio | End of the current fiscal period 67.1% / End of previous period 63.1% |
| Total assets | ¥11,519 million |
| Net assets | ¥7,725 million |
| Cash flows from operating activities | ¥602 million |
| Cash flows from investing activities | ¥-156 million |
| Cash flows from financing activities | ¥-864 million |
| Cash and cash equivalents at end of period | ¥2,950 million |
| Full-year earnings forecast | Net Sales Not disclosed (difficult to calculate reasonably) / Operating profit Not disclosed (difficult to calculate reasonably) / Ordinary income Not disclosed (difficult to calculate reasonably) / Net income Not disclosed (difficult to calculate reasonably) |
| Annual Dividend Forecast | ¥40 → To be determined |
| Payout ratio | 961.5% |
| Segment revenue | Variable resistors ¥3,608,527 thousand (YoY -13.1%), Automotive electrical components ¥5,992,503 thousand (YoY -3.9%) |
| Segment profit | Variable resistors ¥751,273 thousand (YoY -35.2%), Automotive electrical components ¥422,546 thousand (YoY -56.2%) |
| Depreciation and amortization | ¥359,225 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥999 thousand / Extraordinary loss Loss on disposal and sale of non-current assets ¥4,426 thousand, Loss from fire ¥5,904 thousand, Expenses related to the tender offer and other expenses ¥306,772 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Newly included: — company; excluded: — company |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 6,825,860 |
| Treasury Shares at Period-End | 65,235 |
| Factors Behind Changes in Business Performance | Revenue declined due to lower demand for production equipment amid the downturn in the Chinese economy and sluggish demand from domestic radio-equipment manufacturers. Operating profit declined due to soaring raw-material costs and research and development investment in next-generation products, while net income attributable to owners of the parent declined due to extraordinary losses, including costs related to a tender offer. |
Items this document does not state (5)
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.Revenue declined due to lower demand for production equipment amid the downturn in the Chinese economy and sluggish demand from domestic radio-equipment manufacturers. Profit was affected by soaring raw-material costs and research and development investment in next-generation products, while extraordinary losses, including costs related to a tender offer, affected net income. The forecasts for the fiscal year ending March 2027 were left undecided because geopolitical conditions in the Middle East, foreign-exchange fluctuations and other factors make it difficult to calculate them reasonably.