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Results6989HOKURIKU ELECTRIC INDUSTRY CO.,LTD.Electrical and Precision Instruments

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated)

During the interim period, revenue increased on higher sales, including to the mobility sector, while operating profit and below declined due to higher material costs resulting from persistently high precious metal prices. The full-year earnings forecast was revised, and the annual dividend forecast was set at no dividend (¥0).

Worth reading
69In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-42
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales24,642Millions of yenYear on year +19.4%Progress 49.3%
Operating profit764Millions of yenYear on year -42.0%Progress 58.8%
Ordinary income600Millions of yenYear on year -56.3%Progress 60.0%
Net income attributable to owners of the parent125Millions of yenYear on year -88.1%Progress 62.5%

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¥15.99
Financial position at period-end
Total assets51,377Millions of yen
of which net assets 26,349 Millions of yenEquity ratio 51.3%vs. prior year-end -4.6pt

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.

Cash inflows and outflows
Operating-7
Investment-923
Financials+564
Net change-366

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period10,112 Millions of yen
Segment revenue
Electronic Components24,12697.4%+19.5%
Molds and machinery2741.1%-12.1%
Other3601.5%+31.9%
Segment profit
Electronic Components1,38996.1%-26.5%
Molds and machinery191.3%-63.2%
Other372.6%+36.4%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales50,000 Millions of yen (YoY +15.9%)
Operating profit1,300 Millions of yen (YoY -43.8%)
Ordinary income1,000 Millions of yen (YoY -63.5%)
Net income200 Millions of yen (YoY -89.9%)
Revision to Earnings ForecastNet Sales Not disclosed → 50,000 Millions of yen / Operating profit Not disclosed → 1,300 Millions of yen / Ordinary income Not disclosed → 1,000 Millions of yen / Net income Not disclosed → 200 Millions of yen
Annual Dividend Forecast95 Yen → 0 Yen(-100.0%)
Factors Behind Changes in Business Performance

Revenue increased on higher sales of module products for the mobility sector and other factors, while operating profit declined due to higher material costs resulting from persistently high precious metal prices and delays in shipments of machinery and equipment.

Disclosure regarding the going concern assumption

No matters to report

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 Number of companies — companies / Company name Not applicable / Excluded Number of companies — companies / Company name Not applicable
Material subsequent eventsThe Board of Directors resolved to express its support for the tender offer for the Company’s shares by BCJ-116 Co., Ltd. and recommend that shareholders tender their shares. Following the tender offer, the Company is expected to become a wholly owned subsidiary of BCJ-116 Co., Ltd. and be delisted.
Impairment lossAmount ¥0 million (not recorded) / Subject assets Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of fixed assets / Amount 1 Millions of yen, Item Insurance policy surrender value / Amount 23 Millions of yen, Item Gain on sale of golf club memberships / Amount 12 Millions of yen, Item Other / Amount 1 Millions of yen / Extraordinary loss Item Loss on disposal of non-current assets / Amount 4 Millions of yen, Item Advisory fees / Amount 107 Millions of yen, Item Compensation for damages / Amount 87 Millions of yen
Depreciation and amortization612 Millions of yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End8,450,099 shares
Treasury Shares at Period-End601,172 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales24,642 Millions of yen (YoY +19.4%)
Operating profit764 Millions of yen (YoY -42.0%)
Ordinary income600 Millions of yen (YoY -56.3%)
Profit attributable to owners of the parent125 Millions of yen (YoY -88.1%)
Net income per share¥15.99
Equity ratioEnd of the current fiscal period 51.3 / End of previous period 55.9
Total assets51,377 Millions of yen
Net assets26,349 Millions of yen
Cash flows from operating activities-7 Millions of yen
Cash flows from investing activities-923 Millions of yen
Cash flows from financing activities564 Millions of yen
Cash and cash equivalents at end of period10,112 Millions of yen
Full-year earnings forecastNet Sales 50,000 Millions of yen (YoY +15.9%) / Operating profit 1,300 Millions of yen (YoY -43.8%) / Ordinary income 1,000 Millions of yen (YoY -63.5%) / Net income 200 Millions of yen (YoY -89.9%)
Revision to Earnings ForecastNet Sales Not disclosed → 50,000 Millions of yen / Operating profit Not disclosed → 1,300 Millions of yen / Ordinary income Not disclosed → 1,000 Millions of yen / Net income Not disclosed → 200 Millions of yen
Annual Dividend Forecast95 Yen → 0 Yen(-100.0%)
Segment revenueElectronic Components 24,126 Millions of yen (YoY +19.5%) / Molds and machinery 274 Millions of yen (YoY -12.1%) / Other 360 Millions of yen (YoY +31.9%)
Segment profitElectronic Components 1,389 Millions of yen (YoY -26.5%) / Molds and machinery 19 Millions of yen (YoY -63.2%) / Other 37 Millions of yen (YoY +36.4%)
Depreciation and amortization612 Millions of yen
Impairment lossAmount ¥0 million (not recorded) / Subject assets Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of fixed assets / Amount 1 Millions of yen, Item Insurance policy surrender value / Amount 23 Millions of yen, Item Gain on sale of golf club memberships / Amount 12 Millions of yen, Item Other / Amount 1 Millions of yen / Extraordinary loss Item Loss on disposal of non-current assets / Amount 4 Millions of yen, Item Advisory fees / Amount 107 Millions of yen, Item Compensation for damages / Amount 87 Millions of yen
Disclosure regarding the going concern assumptionNo matters to report
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 Number of companies — companies / Company name Not applicable / Excluded Number of companies — companies / Company name Not applicable
Material subsequent eventsThe Board of Directors resolved to express its support for the tender offer for the Company’s shares by BCJ-116 Co., Ltd. and recommend that shareholders tender their shares. Following the tender offer, the Company is expected to become a wholly owned subsidiary of BCJ-116 Co., Ltd. and be delisted.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End8,450,099 shares
Treasury Shares at Period-End601,172 shares
Factors Behind Changes in Business PerformanceRevenue increased on higher sales of module products for the mobility sector and other factors, while operating profit declined due to higher material costs resulting from persistently high precious metal prices and delays in shipments of machinery and equipment.
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlog

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 increased on higher sales of module products for the mobility sector and other factors, but profit declined due to higher material costs resulting from persistently high precious metal prices and delays in shipments of machinery and equipment. The Company worked to expand sales in new fields, improve production efficiency, and negotiate selling prices with customers. Details of the reasons for revising the earnings forecast are limited to a reference to separately published materials.

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Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP) (Consolidated) | HOKURIKU ELECTRIC INDUSTRY CO.,LTD. (6989) timely disclosure | Komori