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Earnings6859ESPEC CORP.Electrical Equipment and Precision Instruments

Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP]

In the first quarter of the fiscal year ending March 2027, net sales increased 13.0% year on year and operating income increased 14.1%, while ordinary income and net income also increased. The full-year earnings forecasts and annual dividend forecast remain unchanged.

Worth reading
49Recurring
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
13
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales13,922¥ millionYear on year +13.0%Progress 19.1%
Operating profit382¥ millionYear on year +14.1%Progress 4.8%
Ordinary income527¥ millionYear on year +53.1%Progress 6.5%
Net income attributable to owners of the parent155¥ millionYear on year +43.9%Progress 2.6%

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¥7.32
Financial position at period-end
Total assets80,370¥ million
of which net assets 59,776 ¥ millionEquity ratio 74.4%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.

Segment revenueEquipment business ¥11,963 million (YoY +15.7%), Services Business ¥1,763 million (YoY -3.8%), Other Businesses ¥330 million (YoY +29.1%)
Segment profitEquipment business ¥480 million (YoY +14.8%), Services Business ¥-74 million, Other Businesses ¥-20 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥73,000 million (YoY +4.2%)
Operating profit¥8,000 million (YoY +12.9%)
Ordinary income¥8,100 million (YoY +8.4%)
Net income¥5,880 million (YoY 0.0%)
Annual Dividend Forecast¥115 → ¥115(0.0%)
Factors Behind Changes in Business Performance

Demand for testing in the AI semiconductor and satellite communications fields remained firm, orders increased in North America and China, and demand also recovered in Europe and South Korea. Some large projects were deferred to the second quarter at the customers' request, but the increase in sales led to higher operating income. In the services business, contract testing services posted lower sales due to factors including the slowdown in demand for EVs.

Disclosure regarding the going concern assumption

Not applicable.

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 companies / Excluded 0 companies / Company name No
Material subsequent eventsAt a meeting of the Board of Directors held on 6 August 2026, the Company resolved matters concerning the acquisition of treasury shares.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥7 million
Depreciation and amortization¥482 million
Orders received and order backlogOrders received ¥22,811 million / Order backlog Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End23,781,394 shares
Treasury Shares at Period-End2,658,380 shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥13,922 million (YoY +13.0%)
Operating profit¥382 million (YoY +14.1%)
Ordinary income¥527 million (YoY +53.1%)
Profit attributable to owners of the parent¥155 million (YoY +43.9%)
Net income per share¥7.32
Equity ratioEnd of the current fiscal period 74.4 / End of previous period 74
Total assets¥80,370 million
Net assets¥59,776 million
Full-year earnings forecastNet Sales ¥73,000 million (YoY +4.2%) / Operating profit ¥8,000 million (YoY +12.9%) / Ordinary income ¥8,100 million (YoY +8.4%) / Net income ¥5,880 million (YoY 0.0%)
Annual Dividend Forecast¥115 → ¥115(0.0%)
Segment revenueEquipment business ¥11,963 million (YoY +15.7%), Services Business ¥1,763 million (YoY -3.8%), Other Businesses ¥330 million (YoY +29.1%)
Segment profitEquipment business ¥480 million (YoY +14.8%), Services Business ¥-74 million, Other Businesses ¥-20 million
Orders received and order backlogOrders received ¥22,811 million / Order backlog Not disclosed
Depreciation and amortization¥482 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥0 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥7 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name No
Material subsequent eventsAt a meeting of the Board of Directors held on 6 August 2026, the Company resolved matters concerning the acquisition of treasury shares.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End23,781,394 shares
Treasury Shares at Period-End2,658,380 shares
Factors Behind Changes in Business PerformanceDemand for testing in the AI semiconductor and satellite communications fields remained firm, orders increased in North America and China, and demand also recovered in Europe and South Korea. Some large projects were deferred to the second quarter at the customers' request, but the increase in sales led to higher operating income. In the services business, contract testing services posted lower sales due to factors including the slowdown in demand for EVs.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional 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.

Demand for testing in the AI semiconductor and satellite communications fields remained firm, resulting in increased orders mainly in North America and China, while demand also recovered in Europe and South Korea. Some large projects were deferred to the second quarter at the customers' request, but the increase in sales led to higher operating income.

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Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] | ESPEC CORP. (6859) timely disclosure | Komori