Worth reading
50Recurring
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
12.2
% (year-on-year change in net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales212,772Millions of yenYear on year -1.4%Progress 89.8%
Operating profit5,244Millions of yenYear on year -4.3%Progress 87.4%
Ordinary income5,767Millions of yenYear on year -4.0%Progress 96.1%
Net income attributable to owners of the parent5,275Millions of yenYear on year +12.2%Progress 112.2%
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¥244.84
Operating Margin2.5%
Financial position at period-end
Total assets154,303Millions of yen
of which net assets 94,533 Millions of yenEquity ratio 61.2%vs. prior year-end -1.5pt
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+6,067
Investment-2,985
Financials-3,003
Net change+79
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period33,457 Millions of yen
Segment revenueFA system 50,023 Millions of yen (YoY +3.8%), Thermal and Building Systems 36,779 Millions of yen (YoY +13.4%), X-Tech (Cross-Tech) 8,496 Millions of yen (YoY -2.2%), Electronics 117,507 Millions of yen (YoY -7.1%)
Segment profitFA system 963 Millions of yen (YoY -29.2%), Thermal and Building Systems 2,418 Millions of yen (YoY +32.6%), X-Tech (Cross-Tech) 122 Millions of yen, Electronics 3,345 Millions of yen (YoY +2.3%)
Regional sales162,614 Millions of yen, 27,615 Millions of yen, 15,833 Millions of yen, 5,417 Millions of yen, 1,291 Millions of yen, 50,158 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales237,000 Millions of yen (YoY +11.4%)
Operating profit6,000 Millions of yen (YoY +14.4%)
Ordinary income6,000 Millions of yen (YoY +4.0%)
Net income4,700 Millions of yen (YoY -10.9%)
Annual Dividend Forecast¥138 → ¥150（+8.7%）
Payout ratio68.8%
Shareholder Return PolicyIntroduction of progressive dividends. Numerical target: Not disclosed.
Factors Behind Changes in Business Performance
Results were affected by inventory adjustments for industrial equipment applications, instability in the Chinese market, weakness in the automotive and consumer-related markets, and the delayed recovery in the FA sector. Meanwhile, demand in the heating, refrigeration and building sector, data center-related AI servers, the solutions business for Taiwanese products, and the smart agriculture field within X-Tech contributed to results.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 Yes見積りの変更 Yes修正再表示 No
Changes in the scope of consolidationNewly consolidated: 0 companies; excluded from consolidation: 0 companies. No significant changes.
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities 734 Millions of yen, Gain on sale of shares in an affiliated company 1,019 Millions of yen / Extraordinary loss Impairment Losses on Shares of Affiliates 3 Millions of yen, Loss on repayment of subsidies 16 Millions of yen, Head office relocation costs 188 Millions of yen
Depreciation and amortization800 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End21,612,037 shares
Treasury Shares at Period-End55,063 shares
| 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 | 212,772 Millions of yen (YoY -1.4%) |
| Operating profit | 5,244 Millions of yen (YoY -4.3%) |
| Ordinary income | 5,767 Millions of yen (YoY -4.0%) |
| Profit attributable to owners of the parent | 5,275 Millions of yen (YoY +12.2%) |
| Net income per share | ¥244.84 |
| Operating Margin | 2.5% |
| Equity ratio | End of the current fiscal period 61.2% / End of previous period 62.7% |
| Total assets | 154,303 Millions of yen |
| Net assets | 94,533 Millions of yen |
| Cash flows from operating activities | 6,067 Millions of yen |
| Cash flows from investing activities | -2,985 Millions of yen |
| Cash flows from financing activities | -3,003 Millions of yen |
| Cash and cash equivalents at end of period | 33,457 Millions of yen |
| Full-year earnings forecast | Net Sales 237,000 Millions of yen (YoY +11.4%) / Operating profit 6,000 Millions of yen (YoY +14.4%) / Ordinary income 6,000 Millions of yen (YoY +4.0%) / Net income 4,700 Millions of yen (YoY -10.9%) |
| Annual Dividend Forecast | ¥138 → ¥150（+8.7%） |
| Payout ratio | 68.8% |
| Shareholder Return Policy | Introduction of progressive dividends. Numerical target: Not disclosed. |
| Segment revenue | FA system 50,023 Millions of yen (YoY +3.8%), Thermal and Building Systems 36,779 Millions of yen (YoY +13.4%), X-Tech (Cross-Tech) 8,496 Millions of yen (YoY -2.2%), Electronics 117,507 Millions of yen (YoY -7.1%) |
| Segment profit | FA system 963 Millions of yen (YoY -29.2%), Thermal and Building Systems 2,418 Millions of yen (YoY +32.6%), X-Tech (Cross-Tech) 122 Millions of yen, Electronics 3,345 Millions of yen (YoY +2.3%) |
| Regional sales | 162,614 Millions of yen, 27,615 Millions of yen, 15,833 Millions of yen, 5,417 Millions of yen, 1,291 Millions of yen, 50,158 Millions of yen |
| Depreciation and amortization | 800 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities 734 Millions of yen, Gain on sale of shares in an affiliated company 1,019 Millions of yen / Extraordinary loss Impairment Losses on Shares of Affiliates 3 Millions of yen, Loss on repayment of subsidies 16 Millions of yen, Head office relocation costs 188 Millions of yen |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes Yes / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | Newly consolidated: 0 companies; excluded from consolidation: 0 companies. No significant changes. |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 21,612,037 shares |
| Treasury Shares at Period-End | 55,063 shares |
| Factors Behind Changes in Business Performance | Results were affected by inventory adjustments for industrial equipment applications, instability in the Chinese market, weakness in the automotive and consumer-related markets, and the delayed recovery in the FA sector. Meanwhile, demand in the heating, refrigeration and building sector, data center-related AI servers, the solutions business for Taiwanese products, and the smart agriculture field within X-Tech contributed to results. |
Items this document does not state (3)
Revision to Earnings ForecastOrders received and order backlogImpairment loss
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.Results were affected by inventory adjustments for industrial equipment applications, instability in the Chinese market, weakness in the automotive and consumer-related markets, and the delayed recovery in the FA sector. Meanwhile, demand in the heating, refrigeration and building sector, data center-related AI servers, the solutions business for Taiwanese products, and the smart agriculture field within X-Tech contributed to results.
How to read this page
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