Worth reading
57In 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
7.9
% (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales1,512,571¥ millionYear on year +3.8%Progress 98.9%
Operating profit101,039¥ millionYear on year +7.9%Progress 93.6%
Ordinary income119,239¥ millionYear on year +2.9%Progress 96.2%
Net income attributable to owners of the parent103,959¥ millionYear on year -6.1%Progress 109.4%
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¥235.49
Operating Margin6.7%
Financial position at period-end
Total assets2,034,110¥ million
of which net assets 1,267,106 ¥ millionEquity ratio 58.5%vs. prior year-end -0.7pt
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+40,367
Investment-73,641
Financials+23,331
Net change-9,943
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¥243,564 million
Segment revenueSmart Communications segment ¥750,300 million (YoY +4.9%), Life & Healthcare segment ¥512,300 million (YoY +3.3%), Electronics segment ¥251,800 million (YoY +1.6%)
Segment profitSmart Communications segment ¥40,000 million (YoY +15.4%), Life & Healthcare segment ¥37,200 million (YoY +56.6%), Electronics segment ¥50,700 million (YoY -11.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,530,000 million (YoY +1.2%)
Operating profit¥108,000 million (YoY +6.9%)
Ordinary income¥124,000 million (YoY +4.0%)
Net income¥95,000 million (YoY -8.6%)
Annual Dividend Forecast¥40 per share → ¥41 per share（+2.5%）
Payout ratio17.0%
Shareholder Return PolicyProgressive dividends and a higher dividend payout ratio. Numerical target: Not disclosed.
Factors Behind Changes in Business Performance
In addition to expanding inbound demand, a recovery in personal consumption, increased demand across the company's businesses, large-scale projects and price revisions, business-structure reforms, including optimization of human capital and fixed assets, contributed to performance.
Disclosure regarding the going concern assumption
None (the notes on going concern state that 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 consolidationThe cover page shows 8 additions (Rubicon SEZC and 7 subsidiaries) and 0 exclusions. The notes show 10 additions (Rubicon SEZC and 9 others) and 4 exclusions (company names Not disclosed).
Impairment loss¥13,293 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥12,975 million, Gain on sale of investment securities ¥44,809 million, Other ¥168 million, Total extraordinary income ¥57,952 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥1,712 million, Impairment Losses ¥13,293 million, Special retirement payments ¥4,086 million, Other ¥2,514 million, Total extraordinary loss ¥21,607 million
Depreciation and amortization¥52,815 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End439,480,692
Treasury Shares at Period-End8,047,828
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥1,512,571 million (YoY +3.8%) |
| Operating profit | ¥101,039 million (YoY +7.9%) |
| Ordinary income | ¥119,239 million (YoY +2.9%) |
| Profit attributable to owners of the parent | ¥103,959 million (YoY -6.1%) |
| Net income per share | ¥235.49 |
| Operating Margin | 6.7% |
| Equity ratio | End of the current fiscal period 58.5% / End of previous period 59.2% |
| Total assets | ¥2,034,110 million |
| Net assets | ¥1,267,106 million |
| Cash flows from operating activities | ¥40,367 million |
| Cash flows from investing activities | ¥-73,641 million |
| Cash flows from financing activities | ¥23,331 million |
| Cash and cash equivalents at end of period | ¥243,564 million |
| Full-year earnings forecast | Net Sales ¥1,530,000 million (YoY +1.2%) / Operating profit ¥108,000 million (YoY +6.9%) / Ordinary income ¥124,000 million (YoY +4.0%) / Net income ¥95,000 million (YoY -8.6%) |
| Annual Dividend Forecast | ¥40 per share → ¥41 per share（+2.5%） |
| Payout ratio | 17.0% |
| Shareholder Return Policy | Progressive dividends and a higher dividend payout ratio. Numerical target: Not disclosed. |
| Segment revenue | Smart Communications segment ¥750,300 million (YoY +4.9%), Life & Healthcare segment ¥512,300 million (YoY +3.3%), Electronics segment ¥251,800 million (YoY +1.6%) |
| Segment profit | Smart Communications segment ¥40,000 million (YoY +15.4%), Life & Healthcare segment ¥37,200 million (YoY +56.6%), Electronics segment ¥50,700 million (YoY -11.6%) |
| Depreciation and amortization | ¥52,815 million |
| Impairment loss | ¥13,293 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥12,975 million, Gain on sale of investment securities ¥44,809 million, Other ¥168 million, Total extraordinary income ¥57,952 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥1,712 million, Impairment Losses ¥13,293 million, Special retirement payments ¥4,086 million, Other ¥2,514 million, Total extraordinary loss ¥21,607 million |
| Disclosure regarding the going concern assumption | None (the notes on going concern state that there are no applicable matters) |
| 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 | The cover page shows 8 additions (Rubicon SEZC and 7 subsidiaries) and 0 exclusions. The notes show 10 additions (Rubicon SEZC and 9 others) and 4 exclusions (company names Not disclosed). |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 439,480,692 |
| Treasury Shares at Period-End | 8,047,828 |
| Factors Behind Changes in Business Performance | In addition to expanding inbound demand, a recovery in personal consumption, increased demand across the company's businesses, large-scale projects and price revisions, business-structure reforms, including optimization of human capital and fixed assets, contributed to performance. |
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders received and order backlogMaterial subsequent events
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.Business-structure reforms, including optimization of human capital and fixed assets, drove operating income higher. Net sales benefited from expanding inbound demand, a recovery in personal consumption, increased demand across the company's businesses, large-scale projects and price revisions. The company explained that net income attributable to owners of the parent included extraordinary income from the sale of investment securities.
How to read this page
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