Worth reading
53Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
5.2
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales164,927¥ millionYear on year +5.2%Progress 97.0%
Operating profit4,132¥ millionYear on year +15.8%Progress 98.4%
Ordinary income4,438¥ millionYear on year -1.8%Progress 92.5%
Net income attributable to owners of the parent3,374¥ millionYear on year -0.1%Progress 91.2%
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¥83.99
Operating Margin2.5
Financial position at period-end
Total assets84,580¥ million
of which net assets 42,097 ¥ millionEquity ratio 48.9%vs. prior year-end -2.6pt
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+4,406
Investment-3,193
Financials+959
Net change+2,172
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¥11,231 million
Segment revenue
First Business44,69827.1%+5.6%
Second Business40,43524.5%-7.7%
Third Business66,95940.6%+11.8%
Battery and Automotive Business12,8347.8%+19.8%
Segment profit
First Business2,50056.8%+5.5%
Second Business92521.0%+15.0%
Third Business95321.7%-7.5%
Battery and Automotive Business230.5%-94.2%
Regional salesJapan Current fiscal year ¥109,869 million / Prior-year period ¥102,668 million / China Current fiscal year ¥46,704 million / Prior-year period ¥48,578 million / Other Current fiscal year ¥8,352 million / Prior-year period ¥5,480 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥170,000 million (YoY +3.1%)
Operating profit¥4,200 million (YoY +1.6%)
Ordinary income¥4,800 million (YoY +8.1%)
Net income¥3,700 million (YoY +9.7%)
Annual Dividend Forecast¥42 → ¥47
Payout ratioFiscal year ending March 2026 50 / Forecast for the fiscal year ending March 2027 50.3
Shareholder Return PolicyThe Company will generally maintain a consolidated dividend payout ratio of 50% and provide flexible shareholder returns.
Factors Behind Changes in Business Performance
Strong performance in the First Business and Battery and Automotive Business, contribution from the results of 株式会社タカロク, an increase in operating income accompanying higher net sales, a decrease in equity in earnings of affiliates and foreign exchange losses, and extraordinary income from the sale of cross-shareholdings
Disclosure regarding the going concern assumption
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 consolidationNew Number of companies 3 / Company name 株式会社タカロク, Meiwa（Thailand）Co.,Ltd., Thai Meiwa Trading Co.,Ltd. / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥632 million, Other ¥33 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥10 million, Other ¥2 million
Depreciation and amortization¥327 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End40,332,400 Shares
Treasury Shares at Period-End474,913 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥164,927 million (YoY +5.2%) |
| Operating profit | ¥4,132 million (YoY +15.8%) |
| Ordinary income | ¥4,438 million (YoY -1.8%) |
| Profit attributable to owners of the parent | ¥3,374 million (YoY -0.1%) |
| Net income per share | ¥83.99 |
| Operating Margin | 2.5 |
| Equity ratio | End of the current fiscal period 48.9 / End of previous period 51.5 |
| Total assets | ¥84,580 million |
| Net assets | ¥42,097 million |
| Cash flows from operating activities | ¥4,406 million |
| Cash flows from investing activities | ¥-3,193 million |
| Cash flows from financing activities | ¥959 million |
| Cash and cash equivalents at end of period | ¥11,231 million |
| Full-year earnings forecast | Net Sales ¥170,000 million (YoY +3.1%) / Operating profit ¥4,200 million (YoY +1.6%) / Ordinary income ¥4,800 million (YoY +8.1%) / Net income ¥3,700 million (YoY +9.7%) |
| Annual Dividend Forecast | ¥42 → ¥47 |
| Payout ratio | Fiscal year ending March 2026 50 / Forecast for the fiscal year ending March 2027 50.3 |
| Shareholder Return Policy | The Company will generally maintain a consolidated dividend payout ratio of 50% and provide flexible shareholder returns. |
| Segment revenue | First Business ¥44,698 million (YoY +5.6%) / Second Business ¥40,435 million (YoY -7.7%) / Third Business ¥66,959 million (YoY +11.8%) / Battery and Automotive Business ¥12,834 million (YoY +19.8%) |
| Segment profit | First Business ¥2,500 million (YoY +5.5%) / Second Business ¥925 million (YoY +15.0%) / Third Business ¥953 million (YoY -7.5%) / Battery and Automotive Business ¥23 million (YoY -94.2%) |
| Regional sales | Japan Current fiscal year ¥109,869 million / Prior-year period ¥102,668 million / China Current fiscal year ¥46,704 million / Prior-year period ¥48,578 million / Other Current fiscal year ¥8,352 million / Prior-year period ¥5,480 million |
| Depreciation and amortization | ¥327 million |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥632 million, Other ¥33 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥10 million, Other ¥2 million |
| Disclosure regarding the going concern assumption | 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 | New Number of companies 3 / Company name 株式会社タカロク, Meiwa（Thailand）Co.,Ltd., Thai Meiwa Trading Co.,Ltd. / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 40,332,400 Shares |
| Treasury Shares at Period-End | 474,913 Shares |
| Factors Behind Changes in Business Performance | Strong performance in the First Business and Battery and Automotive Business, contribution from the results of 株式会社タカロク, an increase in operating income accompanying higher net sales, a decrease in equity in earnings of affiliates and foreign exchange losses, and extraordinary income from the sale of cross-shareholdings |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
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.Net sales increased despite weak performance in the Second Business, as the First Business and Battery and Automotive Business performed strongly and the results of 株式会社タカロク also contributed. Operating income increased due to higher net sales. Ordinary income declined due to a decrease in equity in earnings of affiliates and foreign exchange losses on certain transactions, while net income declined despite an increase in extraordinary income from the sale of cross-shareholdings.
How to read this page
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