Results for this period
Interim period (second quarter)1 April 2026 to 30 September 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. 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.
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 Thousand yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Recovery in passenger transportation volumes, solid capital investment demand, expansion of demand for solutions, a large AFC systems sale to Houston Metro, increased sales of vehicle LED lighting fixtures and printed circuit board assembly, and an improved gross margin resulting from higher revenue and changes in product and customer mix.
No applicable items
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥10,730 million (YoY +29.5%) |
| Operating profit | ¥686 million |
| Ordinary income | ¥558 million |
| Profit attributable to owners of the parent | ¥480 million |
| Net income per share | ¥31.36 |
| Equity ratio | End of the current fiscal period 56.1 / End of previous period 50.6 |
| Total assets | ¥19,867 million |
| Net assets | ¥11,152 million |
| Cash flows from operating activities | -450,574 Thousand yen |
| Cash flows from investing activities | -198,244 Thousand yen |
| Cash flows from financing activities | -862,094 Thousand yen |
| Cash and cash equivalents at end of period | 2,861,049 Thousand yen |
| Full-year earnings forecast | Net Sales ¥26,500 million (YoY +10.9%) / Operating profit ¥1,900 million (YoY +49.8%) / Ordinary income ¥1,900 million (YoY +25.9%) / Net income ¥1,300 million (YoY +10.4%) |
| Annual Dividend Forecast | ¥24 → ¥26（+8.3%） |
| Segment revenue | Transportation equipment business ¥8,621 million (YoY +33.1%), Industrial Equipment business (energy management systems business) ¥2,090 million (YoY +16.6%), Other ¥18 million |
| Segment profit | Transportation equipment business ¥631 million, Industrial Equipment business (energy management systems business) ¥88 million, Other ¥2 million |
| Depreciation and amortization | 274,206 Thousand yen |
| Impairment loss | 10,080 Thousand yen |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Impairment loss 10,080 Thousand yen, Loss on disposal of fixed assets 9 Thousand yen |
| Disclosure regarding the going concern assumption | No applicable items |
| 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 | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | Disposal of treasury shares in connection with a stock compensation plan. On 19 March 2027, the company plans to dispose of 54,412 common shares and allocate them to 583 employees of the company and its subsidiaries. The total disposal value is ¥34,551,620. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (no attendees specified) |
| Issued Shares at Period-End | 15,891,500 |
| Treasury Shares at Period-End | 570,699 |
| Factors Behind Changes in Business Performance | Recovery in passenger transportation volumes, solid capital investment demand, expansion of demand for solutions, a large AFC systems sale to Houston Metro, increased sales of vehicle LED lighting fixtures and printed circuit board assembly, and an improved gross margin resulting from higher revenue and changes in product and customer mix. |
Items this document does not state (6)
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 factors cited include the recovery in passenger transportation volumes in the bus and railway industries and continued solid capital investment demand, the expansion of demand for solutions against a backdrop of labor shortages and inbound demand, a large AFC systems sale to Houston Metro in the United States, increased sales of vehicle LED lighting fixtures and printed circuit board assembly for domestic and overseas markets, and an improved gross margin resulting from higher revenue and changes in product and customer mix.