Results for this period
Full year1 April 2025–31 March 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 ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
In the power business, maintenance services for thermal power plants grew, and fuel deliveries began under all long-term biomass fuel supply contracts. The environmental, chemicals and machinery businesses posted lower revenue due to the reaction to the completion of a large-scale solar-related construction contract in the previous fiscal year and the absence of one-off factors, but the completion of multiple large-scale contract projects related to production facilities and the recognition of revenue following the settlement of costs for a solar power plant construction contract contributed to profit. In the lifestyle industries business, expanded sales to major customers in the previous fiscal year contributed for the full year. In the next fiscal year, the company will strengthen its existing customer base, focus on selected businesses and reallocate resources.
Not applicable.
| 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 | ¥63,235 million (YoY -10.6%) |
| Operating profit | ¥3,426 million (YoY +51.2%) |
| Ordinary income | ¥4,045 million (YoY +50.0%) |
| Profit attributable to owners of the parent | ¥2,513 million (YoY +16.1%) |
| Net income per share | ¥96.34 |
| Operating Margin | 5.4% |
| Equity ratio | End of the current fiscal period 24.7% / End of previous period 24.8% |
| Total assets | ¥102,135 million |
| Net assets | ¥25,266 million |
| Cash flows from operating activities | ¥4,785 million |
| Cash flows from investing activities | ¥5,080 million |
| Cash flows from financing activities | ¥-1,378 million |
| Cash and cash equivalents at end of period | ¥19,372 million |
| Full-year earnings forecast | Net Sales ¥63,000 million (YoY -0.4%) / Operating profit ¥2,500 million (YoY -27.0%) / Ordinary income ¥2,500 million (YoY -38.2%) / Net income ¥1,700 million (YoY -32.4%) |
| Annual Dividend Forecast | ¥38 per share → ¥40 per share |
| Payout ratio | 39.4% (fiscal year ended March 2026), 61.5% (forecast for fiscal year ending March 2027) |
| Shareholder Return Policy | Achieve a dividend-on-equity (DOE) ratio of 4% early during the plan period. For the next fiscal year, the company aims for a DOE ratio of at least 4.0%. |
| Segment revenue | Electricity Business ¥23,874 million, Environmental, chemicals and machinery businesses ¥33,423 million, Lifestyle industries business ¥5,937 million |
| Segment profit | Electricity Business ¥2,181 million, Environmental, chemicals and machinery businesses ¥973 million, Lifestyle industries business ¥271 million |
| Depreciation and amortization | ¥539 million |
| Impairment loss | ¥383 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2,445 million, Gain on sale of investment securities ¥14 million, Other ¥35 million / Extraordinary loss Losses on disposal of fixed assets ¥7 million, Impairment loss on investment securities ¥36 million, Impairment Losses ¥383 million, Litigation-related losses ¥3,085 million, Other ¥14 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 28,678,486 |
| Treasury Shares at Period-End | 2,558,069 |
| Factors Behind Changes in Business Performance | In the power business, maintenance services for thermal power plants grew, and fuel deliveries began under all long-term biomass fuel supply contracts. The environmental, chemicals and machinery businesses posted lower revenue due to the reaction to the completion of a large-scale solar-related construction contract in the previous fiscal year and the absence of one-off factors, but the completion of multiple large-scale contract projects related to production facilities and the recognition of revenue following the settlement of costs for a solar power plant construction contract contributed to profit. In the lifestyle industries business, expanded sales to major customers in the previous fiscal year contributed for the full year. In the next fiscal year, the company will strengthen its existing customer base, focus on selected businesses and reallocate resources. |
Items this document does not state (3)
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.In the power business, growth in maintenance services for thermal power plants and the start of fuel deliveries under long-term biomass fuel supply contracts contributed to earnings. In the environmental, chemicals and machinery businesses, profit was boosted by the completion of multiple large-scale contract projects related to production facilities and the recognition of revenue following the settlement of costs for a solar power plant construction contract completed in the previous fiscal year. Revenue declined, however, due to the completion of a large-scale solar-related construction contract in the previous fiscal year and the absence of one-off factors.