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Earnings7702JMS CO.,LTD.Electrical Equipment and Precision Instruments

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ended March 2026, net sales and operating income were below the previous fiscal year, while the Company reported a net loss after also recognizing an extraordinary loss related to the restructuring of its production base in South Korea. For the fiscal year ending March 2027, operating income is expected to recover significantly to ¥1,000 million.

Worth reading
60In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-56.3
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales65,845¥ millionYear on year -5.6%Progress 99.8%
Operating profit381¥ millionYear on year -56.3%Progress 38.1%
Ordinary income356¥ millionYear on year -30.8%Progress 39.6%
Net income attributable to owners of the parent-783¥ million

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(¥31.97)
Operating Margin0.6% (1.3% in the previous period)
Financial position at period-end
Total assets83,067¥ million
of which net assets 41,791 ¥ millionEquity ratio 50.2%vs. prior year-end +0.1pt

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+1,584
Investment-2,250
Financials+2,687
Net change+2,021

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.

Cash and cash equivalents at end of period¥7,717 million
Segment revenue
Japan44,75956.1%-2.8%
Singapore23,72629.7%-10.6%
China3,9855.0%-4.3%
Philippines3,3354.2%-8.9%
Germany3,9565.0%-11.5%
Segment profit
Japan949-36.0%
Singapore-47
China87
Philippines-727
Germany473+4.1%
Regional sales
Japan44,75952.2%-2.8%
Singapore23,72627.7%-10.6%
China3,9854.7%-4.3%
Philippines3,3353.9%-8.9%
Germany3,9564.6%-11.5%
Other5,9296.9%+17.5%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥66,000 million (YoY +0.2%)
Operating profit¥1,000 million (YoY +162.1%)
Ordinary income¥900 million (YoY +152.4%)
Profit attributable to owners of the parent¥600 million
Annual Dividend Forecast¥17 → ¥17(0.0%)
Payout ratio69.4% (forecast for the fiscal year ending March 2027)
Factors Behind Changes in Business Performance

In Japan, sales of medical gloves and urination and drainage-related products declined, while overseas sales of blood bags and apheresis blood collection circuits for North America decreased. Sales of closed systems for drug preparation and administration, products related to eating and swallowing, and AVF needles increased. Operating income was affected by lower sales of blood bags and apheresis blood collection circuits, while the bottom line fell into the red due to the recognition of a loss on business restructuring related to the restructuring of the production base in South Korea.

Disclosure regarding the going concern assumption

None ("There are no applicable matters.")

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 Not disclosed / Excluded Not disclosed / Description No
Material subsequent eventsAt a meeting of the Board of Directors held on 17 April 2026, the Company decided to construct a new head office at its current headquarters site, comprising research and development facilities and offices. Construction is scheduled to begin in February 2027 and be completed in August 2031. The impact on financial results is currently under review.
Impairment loss¥76 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥15 million, Gain on sale of investment securities ¥310 million / Extraordinary loss Loss on sale of fixed assets ¥10 million, Loss on disposal of fixed assets ¥30 million, Impairment Losses ¥76 million, Business restructuring loss ¥934 million
Depreciation and amortization¥3,796 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End24,733,466
Treasury Shares at Period-End202,966
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥65,845 million (YoY -5.6%)
Operating profit¥381 million (YoY -56.3%)
Ordinary income¥356 million (YoY -30.8%)
Profit attributable to owners of the parent¥-783 million
Net income per share(¥31.97)
Operating Margin0.6% (1.3% in the previous period)
Equity ratioEnd of the current fiscal period 50.2% / End of previous period 50.1%
Total assets¥83,067 million
Net assets¥41,791 million
Cash flows from operating activities¥1,584 million
Cash flows from investing activities¥-2,250 million
Cash flows from financing activities¥2,687 million
Cash and cash equivalents at end of period¥7,717 million
Full-year earnings forecastNet Sales ¥66,000 million (YoY +0.2%) / Operating profit ¥1,000 million (YoY +162.1%) / Ordinary income ¥900 million (YoY +152.4%) / Profit attributable to owners of the parent ¥600 million
Annual Dividend Forecast¥17 → ¥17(0.0%)
Payout ratio69.4% (forecast for the fiscal year ending March 2027)
Segment revenueJapan ¥44,759 million (YoY -2.8%) / Singapore ¥23,726 million (YoY -10.6%) / China ¥3,985 million (YoY -4.3%) / Philippines ¥3,335 million (YoY -8.9%) / Germany ¥3,956 million (YoY -11.5%)
Segment profitJapan ¥949 million (YoY -36.0%) / Singapore ¥-47 million / China ¥87 million / Philippines ¥-727 million / Germany ¥473 million (YoY +4.1%)
Regional salesJapan ¥44,759 million (YoY -2.8%) / Singapore ¥23,726 million (YoY -10.6%) / China ¥3,985 million (YoY -4.3%) / Philippines ¥3,335 million (YoY -8.9%) / Germany ¥3,956 million (YoY -11.5%) / Other ¥5,929 million (YoY +17.5%)
Depreciation and amortization¥3,796 million
Impairment loss¥76 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥15 million, Gain on sale of investment securities ¥310 million / Extraordinary loss Loss on sale of fixed assets ¥10 million, Loss on disposal of fixed assets ¥30 million, Impairment Losses ¥76 million, Business restructuring loss ¥934 million
Disclosure regarding the going concern assumptionNone ("There are no applicable matters.")
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 Not disclosed / Excluded Not disclosed / Description No
Material subsequent eventsAt a meeting of the Board of Directors held on 17 April 2026, the Company decided to construct a new head office at its current headquarters site, comprising research and development facilities and offices. Construction is scheduled to begin in February 2027 and be completed in August 2031. The impact on financial results is currently under review.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Not disclosed
Issued Shares at Period-End24,733,466
Treasury Shares at Period-End202,966
Factors Behind Changes in Business PerformanceIn Japan, sales of medical gloves and urination and drainage-related products declined, while overseas sales of blood bags and apheresis blood collection circuits for North America decreased. Sales of closed systems for drug preparation and administration, products related to eating and swallowing, and AVF needles increased. Operating income was affected by lower sales of blood bags and apheresis blood collection circuits, while the bottom line fell into the red due to the recognition of a loss on business restructuring related to the restructuring of the production base in South Korea.
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders 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.

Declines in sales of medical gloves, urination and drainage-related products, blood bags, and apheresis blood collection circuits for North America weighed on net sales and operating income. The Company also recorded interest expense and foreign exchange losses, as well as a ¥934 million loss on business restructuring related to the restructuring of its production base in South Korea as an extraordinary loss. For the next fiscal year, the Company expects overseas demand to recover and expand, along with the benefits of structural reform, price pass-through, and cost reductions.

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Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | JMS CO.,LTD. (7702) timely disclosure | Komori