Worth reading
51Recurring
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
10
¥ per share (additional increase from the initial plan)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 June 2025–28 February 2026ConsolidatedJapanese GAAPNet Sales8,920¥ millionYear on year +17.0%Progress 74.3%
Operating profit1,143¥ millionYear on year +33.7%Progress 78.3%
Ordinary income1,160¥ millionYear on year +18.3%Progress 78.4%
Net income attributable to owners of the parent858¥ millionYear on year -30.9%Progress 78.7%
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¥88.60
Financial position at period-end
Total assets13,522¥ million
of which net assets 11,349 ¥ millionEquity ratio 83.9%vs. prior year-end +7.3pt
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.
Segment revenueControl Systems ¥1,379 million (YoY +15.7%), Automotive Systems ¥1,996 million (YoY +12.5%), Specialized Information Systems ¥1,495 million (YoY +11.2%), Embedded Systems ¥1,342 million (YoY +27.1%), Industrial and ICT Solutions ¥2,705 million (YoY +20.1%)
Segment profitControl Systems ¥321 million (YoY +15.9%), Automotive Systems ¥499 million (YoY +16.4%), Specialized Information Systems ¥385 million (YoY +5.5%), Embedded Systems ¥254 million (YoY +45.7%), Industrial and ICT Solutions ¥533 million (YoY +30.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥12,000 million (YoY +14.6%)
Operating profit¥1,460 million (YoY +27.6%)
Ordinary income¥1,480 million (YoY +15.5%)
Net income¥1,090 million (YoY -26.3%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥12,000 million / Operating profit Not disclosed → ¥1,460 million / Ordinary income Not disclosed → ¥1,480 million / Net income Not disclosed → ¥1,090 million
Annual Dividend Forecast¥62 per share → ¥76 per share（+22.6%）
Payout ratio66% (target)
Shareholder Return PolicyThe company aims to maintain stable dividends and a consolidated dividend payout ratio of 66%, and will implement a progressive dividend policy during the current medium-term management plan. A special dividend of ¥8 per share will be paid in each fiscal year from the fiscal year ended May 2025 through the fiscal year ending May 2029.
Factors Behind Changes in Business Performance
Operating income increased because net sales rose and expenses tracked the initial plan. Ordinary income was affected by the non-recurrence of insurance surrender gains recorded in the previous fiscal year, while net income attributable to owners of the parent was affected by the non-recurrence of gains on the sale of investment securities recorded in the previous fiscal year.
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 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Impairment lossNone in the current period (no impairment loss was recorded). In the year-earlier period, ¥37,748 thousand was recorded for company-wide assets not included in reportable segments.
Breakdown of extraordinary income (loss)Extraordinary income No / Extraordinary loss Loss on sale of fixed assets ¥2,071 thousand, Loss on Disposal of Fixed Assets ¥579 thousand / Total extraordinary loss ¥2,650 thousand
Depreciation and amortization¥24,863 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNone (対象者：Not disclosed)
Issued Shares at Period-End10,645,020 shares
Treasury Shares at Period-End950,585 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 June 2025–28 February 2026 |
| Net Sales | ¥8,920 million (YoY +17.0%) |
| Operating profit | ¥1,143 million (YoY +33.7%) |
| Ordinary income | ¥1,160 million (YoY +18.3%) |
| Profit attributable to owners of the parent | ¥858 million (YoY -30.9%) |
| Net income per share | ¥88.60 |
| Equity ratio | End of the current fiscal period 83.9 / End of previous period 76.6 |
| Total assets | ¥13,522 million |
| Net assets | ¥11,349 million |
| Full-year earnings forecast | Net Sales ¥12,000 million (YoY +14.6%) / Operating profit ¥1,460 million (YoY +27.6%) / Ordinary income ¥1,480 million (YoY +15.5%) / Net income ¥1,090 million (YoY -26.3%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥12,000 million / Operating profit Not disclosed → ¥1,460 million / Ordinary income Not disclosed → ¥1,480 million / Net income Not disclosed → ¥1,090 million |
| Annual Dividend Forecast | ¥62 per share → ¥76 per share（+22.6%） |
| Payout ratio | 66% (target) |
| Shareholder Return Policy | The company aims to maintain stable dividends and a consolidated dividend payout ratio of 66%, and will implement a progressive dividend policy during the current medium-term management plan. A special dividend of ¥8 per share will be paid in each fiscal year from the fiscal year ended May 2025 through the fiscal year ending May 2029. |
| Segment revenue | Control Systems ¥1,379 million (YoY +15.7%), Automotive Systems ¥1,996 million (YoY +12.5%), Specialized Information Systems ¥1,495 million (YoY +11.2%), Embedded Systems ¥1,342 million (YoY +27.1%), Industrial and ICT Solutions ¥2,705 million (YoY +20.1%) |
| Segment profit | Control Systems ¥321 million (YoY +15.9%), Automotive Systems ¥499 million (YoY +16.4%), Specialized Information Systems ¥385 million (YoY +5.5%), Embedded Systems ¥254 million (YoY +45.7%), Industrial and ICT Solutions ¥533 million (YoY +30.2%) |
| Depreciation and amortization | ¥24,863 thousand |
| Impairment loss | None in the current period (no impairment loss was recorded). In the year-earlier period, ¥37,748 thousand was recorded for company-wide assets not included in reportable segments. |
| Breakdown of extraordinary income (loss) | Extraordinary income No / Extraordinary loss Loss on sale of fixed assets ¥2,071 thousand, Loss on Disposal of Fixed Assets ¥579 thousand / Total extraordinary loss ¥2,650 thousand |
| 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 0 companies / Excluded 0 companies / Company name None |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | None (対象者：Not disclosed) |
| Issued Shares at Period-End | 10,645,020 shares |
| Treasury Shares at Period-End | 950,585 shares |
| Factors Behind Changes in Business Performance | Operating income increased because net sales rose and expenses tracked the initial plan. Ordinary income was affected by the non-recurrence of insurance surrender gains recorded in the previous fiscal year, while net income attributable to owners of the parent was affected by the non-recurrence of gains on the sale of investment securities recorded in the previous fiscal year. |
Items this document does not state (8)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRegional salesOrders received and order backlogMaterial subsequent events
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 addition to higher net sales, operating income increased because expenses tracked the initial plan. The full-year forecasts were revised upward based on the results for the nine months ended 28 February 2026. The company plans to increase the dividend by a further ¥10 per share because full-year results are expected to exceed the initial plan. Net income declined because gains on the sale of investment securities recorded in the previous fiscal year did not recur.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.