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Presentation materials for financial results7723Aichi Tokei Denki Co.,Ltd.Electrical Equipment and Precision Instruments

Presentation Materials for the Fiscal Year Ending March 2026 Results

For the fiscal year ended March 2026, revenue and profit increased, driven by higher domestic and overseas demand and an improved product mix, with revenue and all profit categories reaching record highs. For the fiscal year ending March 2027, revenue, operating profit and ordinary profit are expected to increase, while net profit is expected to decline due to a decrease in extraordinary income.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
8.9
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 202613 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥59,116 million+8.9%
Operating profit¥4,710 million+19.5%
Ordinary income¥5,208 million+9.3%
Net income¥4,801 million+35.9%
Selling, general and administrative expenses¥10,009 million
Gross Profit Margin
rate_pct24.9
Year-on-year change (points)2.1
Operating profit margin
rate_pct8
Year-on-year change (points)0.7
Full-year earnings forecast
Fiscal Period CoveredFiscal year ending March 2027
Net Sales
¥60,480 million
Operating profit
¥4,960 million
Ordinary income
¥5,320 million
Net income
¥4,610 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
On track to achieve the targets for all indicators
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher revenue and changes in the sales mix¥1,844 million
  • Cost reductions¥271 million
  • Selling Prices¥659 million
  • Higher raw material and purchased component costs¥-548 million
  • Increase in fixed costs¥-132 million
  • Costs for measures to address defects¥-1,417 million
  • Foreign exchange and other factors¥93 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
Previous period¥150.1
Current fiscal year¥156
New initiatives
  • Launch of the head office plant renewal
  • Expansion of production capacity for water meters and gas meters
  • Rationalization of water meter and gas meter production
  • Continued reduction of strategic shareholdings
Key KPIsA metric the company considers important as a management benchmark.
  • Cumulative number of cloud-connected units155 10,000 units
Segment results
Measuring instruments business
Net Sales
¥59,061 million+8.9%
Gas-related equipment
Net Sales
¥27,484 million+3.8%
Water-related equipment
Net Sales
¥20,470 million+8.6%
Private-sector sensors and systems
Net Sales
¥2,706 million+2.9%
Instrumentation
Net Sales
¥8,399 million+34.1%
Specialized Equipment Business
Net Sales
¥54 million-1.3%
Medium-term management plan targets
Net Sales
Fiscal year ending March 2025530 Hundreds of millions of yen
Fiscal year ending March 2026570 Hundreds of millions of yen
Fiscal year ending March 2027600 Hundreds of millions of yen
Ordinary income
Fiscal year ending March 202543 Hundreds of millions of yen
Fiscal year ending March 202645 Hundreds of millions of yen
Fiscal year ending March 202750 Hundreds of millions of yen
Net income
Fiscal year ending March 202531 Hundreds of millions of yen
Fiscal year ending March 202633 Hundreds of millions of yen
Fiscal year ending March 202737 Hundreds of millions of yen
ROE
Fiscal year ending March 20257 %
Fiscal year ending March 20267.5 %
Fiscal year ending March 20278 %
Comparison with actual resultsFor the fiscal year ending March 2026, all indicators are expected to meet their targets
Financial targets
ROE
Target value8.0% for the fiscal year ending March 2027
Actual value9.7% for the fiscal year ending March 2026
Cross-shareholdings as a percentage of consolidated net assets
Target valueLess than 20%
Actual value20.3% for the fiscal year ending March 2026
Number of stores and locations
End of period23 domestic branches and sales offices, 7 plants and 2 overseas locations
Number of employees
Consolidated1,719 People
Standalone1,182 People
Capital expenditures
¥5,000 million forecast for the fiscal year ending March 2027
Annual Dividend
Fiscal year ending March 2026
Annual¥113 per share
Forecast for the fiscal year ending March 2027
Annual¥120 per share
Payout ratio
Fiscal year ending March 202636.2 %
Forecast for the fiscal year ending March 202739.9 %
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥59,116 million (YoY +8.9%)
Operating profit¥4,710 million (YoY +19.5%)
Ordinary income¥5,208 million (YoY +9.3%)
Net income¥4,801 million (YoY +35.9%)
Gross Profit Marginrate_pct 24.9 / Year-on-year change (points) 2.1
Operating profit marginrate_pct 8 / Year-on-year change (points) 0.7
Selling, general and administrative expenses¥10,009 million
Full-year earnings forecastFiscal Period Covered Fiscal year ending March 2027 / Net Sales ¥60,480 million / Operating profit ¥4,960 million / Ordinary income ¥5,320 million / Net income ¥4,610 million
Self-assessment against the planOn track to achieve the targets for all indicators
Segment resultsMeasuring instruments business Net Sales ¥59,061 million (YoY +8.9%) / Gas-related equipment Net Sales ¥27,484 million (YoY +3.8%) / Water-related equipment Net Sales ¥20,470 million (YoY +8.6%) / Private-sector sensors and systems Net Sales ¥2,706 million (YoY +2.9%) / Instrumentation Net Sales ¥8,399 million (YoY +34.1%) / Specialized Equipment Business Net Sales ¥54 million (YoY -1.3%)
Breakdown of Factors Affecting the ChangeFactors Higher revenue and changes in the sales mix / Amount ¥1,844 million, Factors Cost reductions / Amount ¥271 million, Factors Selling Prices / Amount ¥659 million, Factors Higher raw material and purchased component costs / Amount ¥-548 million, Factors Increase in fixed costs / Amount ¥-132 million, Factors Costs for measures to address defects / Amount ¥-1,417 million, Factors Foreign exchange and other factors / Amount ¥93 million
Key KPIsIndicator name Cumulative number of cloud-connected units / Value 155 10,000 units / Year on year against the same period last year Not disclosed
Number of stores and locationsEnd of period 23 domestic branches and sales offices, 7 plants and 2 overseas locations / Number of store openings and closures during the period Not disclosed
Number of employeesConsolidated 1,719 People / Standalone 1,182 People / Changes during the period and hiring plan Not disclosed
Assumptions Underlying the Business OutlookExchange rate Previous period ¥150.1 / Current fiscal year ¥156
Medium-term management plan targetsNet Sales Fiscal year ending March 2025 530 Hundreds of millions of yen / Fiscal year ending March 2026 570 Hundreds of millions of yen / Fiscal year ending March 2027 600 Hundreds of millions of yen / Ordinary income Fiscal year ending March 2025 43 Hundreds of millions of yen / Fiscal year ending March 2026 45 Hundreds of millions of yen / Fiscal year ending March 2027 50 Hundreds of millions of yen / Net income Fiscal year ending March 2025 31 Hundreds of millions of yen / Fiscal year ending March 2026 33 Hundreds of millions of yen / Fiscal year ending March 2027 37 Hundreds of millions of yen / ROE Fiscal year ending March 2025 7 % / Fiscal year ending March 2026 7.5 % / Fiscal year ending March 2027 8 % / Comparison with actual results For the fiscal year ending March 2026, all indicators are expected to meet their targets
Financial targetsROE Target value 8.0% for the fiscal year ending March 2027 / Actual value 9.7% for the fiscal year ending March 2026 / Cross-shareholdings as a percentage of consolidated net assets Target value Less than 20% / Actual value 20.3% for the fiscal year ending March 2026
Annual DividendFiscal year ending March 2026 Annual ¥113 per share / Forecast for the fiscal year ending March 2027 Annual ¥120 per share / Interim and Year-End Breakdown Not disclosed
Payout ratioFiscal year ending March 2026 36.2 % / Forecast for the fiscal year ending March 2027 39.9 %
Capital expenditures¥5,000 million (forecast for the fiscal year ending March 2027)
New initiativesLaunch of the head office plant renewal, Expansion of production capacity for water meters and gas meters, Rationalization of water meter and gas meter production, Continued reduction of strategic shareholdings
Items this document does not state (8)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

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 main factors were solid demand, particularly in the domestic market, and higher revenue and an improved sales mix, which boosted profit. Although costs were recorded for measures to address defects, net profit increased due to the recognition of gains on the sale of investment securities. For the fiscal year ending March 2027, solid orders are expected, mainly in the gas and water sectors, while increases in raw material and component prices, labor costs and other expenses, as well as a decrease in extraordinary income, are anticipated.

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Presentation Materials for the Fiscal Year Ending March 2026 Results | Aichi Tokei Denki Co.,Ltd. (7723) timely disclosure | Komori