Revised forecast
Fiscal year ending March 2027 · Cumulative second quarter and full yearPrevious forecast published 8 May 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
In FA Systems, the market recovered more quickly than expected and the order environment remained strong. In Electronics, selling prices increased because of memory shortages and price increases resulting from a sharp rise in global demand from data centers. In Thermal and Building Systems, sales of energy-saving solution products addressing demand caused by extreme summer heat expanded.
| Item | Details |
|---|---|
| Net Sales | Cumulative second-quarter results 115,500 / Full year 237,000 → Cumulative second-quarter results 121,700 / Full year 252,000（Cumulative second-quarter results 5.4% / Full year 6.3%） |
| Operating profit | Cumulative second-quarter results 2,700 / Full year 6,000 → Cumulative second-quarter results 3,700 / Full year 7,500（Cumulative second-quarter results 37.0% / Full year 25.0%） |
| Ordinary income | Cumulative second-quarter results 2,800 / Full year 6,000 → Cumulative second-quarter results 3,800 / Full year 7,500（Cumulative second-quarter results 35.7% / Full year 25.0%） |
| Profit attributable to owners of the parent | Cumulative second-quarter results 2,300 / Full year 4,700 → Cumulative second-quarter results 2,600 / Full year 6,000（Cumulative second-quarter results 13.0% / Full year 27.7%） |
| Net income per share | Cumulative second-quarter results 106.75 / Full year 218.14 → Cumulative second-quarter results 120.72 / Full year 278.59 |
| Fiscal Period Covered | Fiscal year ending March 2027 |
| Period Covered | Cumulative second quarter and full year |
| Publication date of previous forecast | 8 May 2026 |
| Previous-period results | Cumulative second quarter: net sales of ¥102,062 million, operating profit of ¥2,433 million, ordinary profit of ¥2,666 million, net income attributable to owners of the parent of ¥2,172 million, and net income per share of ¥100.89. Full year: net sales of ¥212,772 million, operating profit of ¥5,244 million, ordinary profit of ¥5,767 million, net income attributable to owners of the parent of ¥5,275 million, and net income per share of ¥244.84. |
| Reason for the revision | In FA Systems, the market recovered more quickly than expected and the order environment remained strong. In Electronics, selling prices increased because of memory shortages and price increases resulting from a sharp rise in global demand from data centers. In Thermal and Building Systems, sales of energy-saving solution products addressing demand caused by extreme summer heat expanded. |
| Dividend forecast revision | The interim dividend has been increased from ¥75.00 to ¥85.00 per share, and the year-end dividend from ¥75.00 to ¥85.00 per share, bringing the annual dividend to ¥170.00 from ¥150.00 per share. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (1)
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 FA Systems, the market recovery and order environment exceeded expectations. In Electronics, selling prices increased because of memory shortages and price increases driven by a sharp rise in demand from data centers. In Thermal and Building Systems, sales of energy-saving solution products addressing extreme summer heat expanded. The dividend forecast was revised because DOE was set at 4.3% in line with the policy of strengthening shareholder returns.