Worth reading
57In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
124
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 October 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales21,482¥ millionYear on year +23.6%Progress 55.1%
Operating profit3,127¥ millionYear on year +124.0%Progress 86.9%
Ordinary income3,332¥ millionYear on year +123.6%Progress 90.1%
Net income attributable to owners of the parent2,186¥ millionYear on year +154.6%Progress 84.1%
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¥101.33
Financial position at period-end
Total assets46,051¥ million
of which net assets 29,789 ¥ millionEquity ratio 64.4%vs. prior year-end -5.7pt
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-246,020
Investment-536,771
Financials+1,259,107
Net change+476,316
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥4,271,655 thousand
Segment revenueAdvanced Mobility ¥5,037,748 thousand (YoY +24.8%), Decarbonization and Energy ¥3,576,464 thousand (YoY -0.6%), Information and Communications/Information Security ¥5,220,245 thousand (YoY +19.3%), EMC/Large Antennas ¥3,345,204 thousand (YoY +43.0%), Defense/Marine ¥2,177,689 thousand (YoY +125.7%), Software Development Support ¥1,035,335 thousand (YoY -5.6%), Other ¥1,089,535 thousand (YoY +12.9%)
Segment profitAdvanced Mobility ¥1,150,720 thousand (YoY +138.4%), Decarbonization and Energy ¥884,333 thousand (YoY +1.0%), Information and Communications/Information Security ¥879,519 thousand (YoY +33.6%), EMC/Large Antennas ¥497,316 thousand (YoY +617.8%), Defense/Marine ¥217,869 thousand, Software Development Support ¥167,270 thousand (YoY -9.3%), Other ¥188,359 thousand (YoY +703.0%)
Regional sales¥20,290 million (YoY +21.4%), ¥1,191 million (YoY +79.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥39,000 million (YoY +19.8%)
Operating profit¥3,600 million (YoY +88.0%)
Ordinary income¥3,700 million (YoY +86.4%)
Net income¥2,600 million (YoY +117.5%)
Net income per share¥120.66
Revision to Earnings ForecastNo
Annual Dividend Forecast¥69 → ¥70
Factors Behind Changes in Business Performance
Recording of projects carried over from the previous fiscal year, accelerated recording of projects scheduled for the second half, an increase in projects in the Advanced Mobility, EMC/Large Antennas, and Defense/Marine businesses, and the newly consolidated results of ソニックガード社. On the profit side, factors included higher sales, an increase in the gross profit margin, and the earnings contribution from M&A.
Disclosure regarding the going concern assumption
No applicable matters (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 consolidationMaterial changes No / New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed / Main text The newly consolidated results of ソニックガード社, which became a subsidiary in January, contributed to performance
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥11,147 thousand / Extraordinary loss Losses on disposal of fixed assets ¥58 thousand
Depreciation and amortization¥454,134 thousand
Orders received and order backlogOrders received ¥20,733 million (YoY -14.1%) / Order backlog ¥23,876 million (YoY +0.4%)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End26,085,000
Treasury Shares at Period-End4,480,071
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025–31 March 2026 |
| Net Sales | ¥21,482 million (YoY +23.6%) |
| Operating profit | ¥3,127 million (YoY +124.0%) |
| Ordinary income | ¥3,332 million (YoY +123.6%) |
| Profit attributable to owners of the parent | ¥2,186 million (YoY +154.6%) |
| Net income per share | ¥101.33 |
| Equity ratio | End of the current fiscal period 64.4 / End of previous period 70.1 |
| Total assets | ¥46,051 million |
| Net assets | ¥29,789 million |
| Cash flows from operating activities | ¥-246,020 thousand |
| Cash flows from investing activities | ¥-536,771 thousand |
| Cash flows from financing activities | ¥1,259,107 thousand |
| Cash and cash equivalents at end of period | ¥4,271,655 thousand |
| Full-year earnings forecast | Net Sales ¥39,000 million (YoY +19.8%) / Operating profit ¥3,600 million (YoY +88.0%) / Ordinary income ¥3,700 million (YoY +86.4%) / Net income ¥2,600 million (YoY +117.5%) / Net income per share ¥120.66 |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥69 → ¥70 |
| Segment revenue | Advanced Mobility ¥5,037,748 thousand (YoY +24.8%), Decarbonization and Energy ¥3,576,464 thousand (YoY -0.6%), Information and Communications/Information Security ¥5,220,245 thousand (YoY +19.3%), EMC/Large Antennas ¥3,345,204 thousand (YoY +43.0%), Defense/Marine ¥2,177,689 thousand (YoY +125.7%), Software Development Support ¥1,035,335 thousand (YoY -5.6%), Other ¥1,089,535 thousand (YoY +12.9%) |
| Segment profit | Advanced Mobility ¥1,150,720 thousand (YoY +138.4%), Decarbonization and Energy ¥884,333 thousand (YoY +1.0%), Information and Communications/Information Security ¥879,519 thousand (YoY +33.6%), EMC/Large Antennas ¥497,316 thousand (YoY +617.8%), Defense/Marine ¥217,869 thousand, Software Development Support ¥167,270 thousand (YoY -9.3%), Other ¥188,359 thousand (YoY +703.0%) |
| Regional sales | ¥20,290 million (YoY +21.4%), ¥1,191 million (YoY +79.6%) |
| Orders received and order backlog | Orders received ¥20,733 million (YoY -14.1%) / Order backlog ¥23,876 million (YoY +0.4%) |
| Depreciation and amortization | ¥454,134 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥11,147 thousand / Extraordinary loss Losses on disposal of fixed assets ¥58 thousand |
| Disclosure regarding the going concern assumption | No applicable matters (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 | Material changes No / New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed / Main text The newly consolidated results of ソニックガード社, which became a subsidiary in January, contributed to performance |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 26,085,000 |
| Treasury Shares at Period-End | 4,480,071 |
| Factors Behind Changes in Business Performance | Recording of projects carried over from the previous fiscal year, accelerated recording of projects scheduled for the second half, an increase in projects in the Advanced Mobility, EMC/Large Antennas, and Defense/Marine businesses, and the newly consolidated results of ソニックガード社. On the profit side, factors included higher sales, an increase in the gross profit margin, and the earnings contribution from M&A. |
Items this document does not state (4)
Operating MarginPayout ratioShareholder Return PolicyImpairment 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.Revenue growth was driven by the recording of projects carried over from the previous fiscal year, the accelerated recording of projects originally scheduled for the second half, an increase in projects in the Advanced Mobility, EMC/Large Antennas, and Defense/Marine businesses, and the newly consolidated results of ソニックガード社. On the profit side, factors included higher sales, an increase in the gross profit margin, and the earnings contribution from M&A.
How to read this page
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