Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 15 May 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
The company captured capital investment demand in the strong automotive, energy, semiconductor and data center-related markets and other markets, resulting in higher fourth-quarter sales of power supply equipment and special-order products for the automotive-related market. Although procurement costs for overseas products and other costs increased, each profit item exceeded the forecast due to higher revenue. Dividends were increased in accordance with the policy of targeting a consolidated dividend payout ratio of at least 30% based on DOE of at least 2%.
| Item | Details |
|---|---|
| Net Sales | ¥13,500 million → ¥14,687 million（+8.8%） |
| Operating profit | ¥2,050 million → ¥2,135 million（+4.1%） |
| Ordinary income | ¥2,150 million → ¥2,270 million（+5.6%） |
| Profit attributable to owners of the parent | ¥1,450 million → ¥1,609 million（+11.0%） |
| Net income per share | 174.28 yen → 193.38 yen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 15 May 2025 |
| Previous-period results | Fiscal year ended March 2025: revenue of ¥13,429 million, operating profit of ¥1,997 million, ordinary profit of ¥2,122 million, net income attributable to owners of the parent of ¥1,439 million, and basic earnings per share of ¥173.41 |
| Reason for the revision | The company captured capital investment demand in the strong automotive, energy, semiconductor and data center-related markets and other markets, resulting in higher fourth-quarter sales of power supply equipment and special-order products for the automotive-related market. Although procurement costs for overseas products and other costs increased, each profit item exceeded the forecast due to higher revenue. Dividends were increased in accordance with the policy of targeting a consolidated dividend payout ratio of at least 30% based on DOE of at least 2%. |
| Dividend forecast revision | The fiscal year-end dividend was increased from ¥63 to ¥69. The ordinary dividend was increased from ¥53 to ¥59, while the ¥10 commemorative dividend was maintained. The annual dividend was also increased from ¥63 to ¥69. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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.The company captured capital investment demand in the strong automotive, energy, semiconductor and data center-related markets, resulting in higher fourth-quarter sales of DC power supplies, AC power supplies and other products, as well as special-order products for automotive applications. Although procurement costs for overseas products increased, each profit item exceeded the forecast due to higher revenue. The dividend increase is based on the company's policy of returning profits, with a target consolidated dividend payout ratio of at least 30% based on DOE of at least 2%.