Worth reading
88Important
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
15.7
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending May 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥12,119 million+15.7%
Operating profit¥1,509 million+31.8%
Ordinary income¥1,525 million+19.0%
Net income¥1,138 million-23.0%
Selling, general and administrative expenses¥1,201 million
Gross Profit Margin22.4%, up 0.6 percentage points year on year
Operating profit margin12.5%, up 1.5 percentage points year on year
Results for the three months of the current quarterThree-month results for the fourth quarter of the fiscal year ending May 2026: revenue of ¥3,198 million, operating profit of ¥365 million, ordinary profit of ¥364 million, and net income of ¥280 million
Full-year earnings forecastFiscal year ending May 2027: revenue of ¥13,380 million, operating profit of ¥1,665 million, ordinary profit of ¥1,685 million, and net income of ¥1,235 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。Progress against the initial plan for the fiscal year ending May 2026: revenue 105.4%, operating profit 119.8%, ordinary profit 118.7%, and net income 120.5%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing as planned, with the recruitment of engineers proceeding smoothly. Consolidated revenue reached the medium-term management target, while consolidated operating profit significantly exceeded expectationsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year change in operating profit: strategic investment in human resources, −¥366 million; increase in operating profit accompanying higher revenue, +¥716 million; increase in operating profit from other improvements, +¥14 million
New initiatives
Recognition as a core partner of JEIS; company-wide rollout of AI-driven development; collaboration with SCSK on BSW integration; collaboration with SCSK on GX projects; and a shift toward next-generation SSD developmentKey KPIsA metric the company considers important as a management benchmark.
ROE of 10.0%, up 1.8 percentage points year on year excluding extraordinary gains; average annual salary of ¥8.85 million, increasing for the ninth consecutive year; employee turnover of approximately 3%; record-high revenue and operating profit since listing; fifth consecutive fiscal year of higher revenue and profit; seventh consecutive fiscal year of dividend increasesSegment results
Control Systems: revenue of ¥1,945 million, up 14.0% year on year, and profit of ¥487 million, up 20.9%. Automotive Systems: revenue of ¥2,632 million, up 9.3%, and profit of ¥649 million, up 7.8%. Specific Information Systems: revenue of ¥2,013 million, up 12.3%, and profit of ¥523 million, up 5.6%. Embedded Systems: revenue of ¥1,838 million, up 24.6%, and profit of ¥371 million, up 38.9%. Industrial and ICT Solutions: revenue of ¥3,689 million, up 19.4%, and profit of ¥764 million, up 28.2%Medium-term management plan targets
The Seventh Medium-Term Management Plan (fiscal years ending May 2025 to May 2027) targets consolidated revenue of at least ¥12.0 billion, consolidated operating profit of at least ¥1.2 billion, and ROE of at least 8% for the fiscal year ending May 2027. Results for the fiscal year ending May 2026 were revenue of ¥12.11 billion, representing progress of 101.0%; operating profit of ¥1.50 billion, representing 125.8%; and ROE of 10.0%. A progressive dividend policy is also included among the targetsFinancial targets
ROE target of at least 8%; actual ROE for the fiscal year ending May 2026 was 10.0%. Equity ratio: 79.7%Number of stores and locations
Locations: Hitachi, Ibaraki Prefecture; Hitachinaka, Ibaraki Prefecture; Kawasaki, Kanagawa Prefecture; and Yokohama, Kanagawa Prefecture. Number of store openings and closures during the period: Not disclosedNumber of employees
780 employees, compared with 729 in the previous fiscal year. Hiring in the fiscal year ending May 2026: 12 mid-career hires and 65 new graduates. Employee turnover is approximately 3%Annual Dividend
Fiscal year ending May 2026: ¥76 per share, comprising an interim dividend of ¥29, year-end dividend of ¥39, and special dividend of ¥8. Forecast for the fiscal year ending May 2027: ¥92 per share, comprising an interim dividend of ¥42, year-end dividend of ¥42, and special dividend of ¥8Payout ratio
Target consolidated dividend payout ratio of 66%Acquisition of treasury shares
883,000 shares acquired on 8 July 2026. The acquired shares are scheduled to be cancelled during fiscal 2026. Acquisition amount and acquisition period: Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending May 2026 |
| Net Sales | ¥12,119 million (YoY +15.7%) |
| Operating profit | ¥1,509 million (YoY +31.8%) |
| Ordinary income | ¥1,525 million (YoY +19.0%) |
| Net income | ¥1,138 million (YoY -23.0%) |
| Gross Profit Margin | 22.4%, up 0.6 percentage points year on year |
| Operating profit margin | 12.5%, up 1.5 percentage points year on year |
| Selling, general and administrative expenses | ¥1,201 million |
| Results for the three months of the current quarter | Three-month results for the fourth quarter of the fiscal year ending May 2026: revenue of ¥3,198 million, operating profit of ¥365 million, ordinary profit of ¥364 million, and net income of ¥280 million |
| Full-year earnings forecast | Fiscal year ending May 2027: revenue of ¥13,380 million, operating profit of ¥1,665 million, ordinary profit of ¥1,685 million, and net income of ¥1,235 million |
| Progress against full-year forecast | Progress against the initial plan for the fiscal year ending May 2026: revenue 105.4%, operating profit 119.8%, ordinary profit 118.7%, and net income 120.5% |
| Self-assessment against the plan | Progressing as planned, with the recruitment of engineers proceeding smoothly. Consolidated revenue reached the medium-term management target, while consolidated operating profit significantly exceeded expectations |
| Segment results | Control Systems: revenue of ¥1,945 million, up 14.0% year on year, and profit of ¥487 million, up 20.9%. Automotive Systems: revenue of ¥2,632 million, up 9.3%, and profit of ¥649 million, up 7.8%. Specific Information Systems: revenue of ¥2,013 million, up 12.3%, and profit of ¥523 million, up 5.6%. Embedded Systems: revenue of ¥1,838 million, up 24.6%, and profit of ¥371 million, up 38.9%. Industrial and ICT Solutions: revenue of ¥3,689 million, up 19.4%, and profit of ¥764 million, up 28.2% |
| Breakdown of Factors Affecting the Change | Year-on-year change in operating profit: strategic investment in human resources, −¥366 million; increase in operating profit accompanying higher revenue, +¥716 million; increase in operating profit from other improvements, +¥14 million |
| Key KPIs | ROE of 10.0%, up 1.8 percentage points year on year excluding extraordinary gains; average annual salary of ¥8.85 million, increasing for the ninth consecutive year; employee turnover of approximately 3%; record-high revenue and operating profit since listing; fifth consecutive fiscal year of higher revenue and profit; seventh consecutive fiscal year of dividend increases |
| Number of stores and locations | Locations: Hitachi, Ibaraki Prefecture; Hitachinaka, Ibaraki Prefecture; Kawasaki, Kanagawa Prefecture; and Yokohama, Kanagawa Prefecture. Number of store openings and closures during the period: Not disclosed |
| Number of employees | 780 employees, compared with 729 in the previous fiscal year. Hiring in the fiscal year ending May 2026: 12 mid-career hires and 65 new graduates. Employee turnover is approximately 3% |
| Medium-term management plan targets | The Seventh Medium-Term Management Plan (fiscal years ending May 2025 to May 2027) targets consolidated revenue of at least ¥12.0 billion, consolidated operating profit of at least ¥1.2 billion, and ROE of at least 8% for the fiscal year ending May 2027. Results for the fiscal year ending May 2026 were revenue of ¥12.11 billion, representing progress of 101.0%; operating profit of ¥1.50 billion, representing 125.8%; and ROE of 10.0%. A progressive dividend policy is also included among the targets |
| Financial targets | ROE target of at least 8%; actual ROE for the fiscal year ending May 2026 was 10.0%. Equity ratio: 79.7% |
| Annual Dividend | Fiscal year ending May 2026: ¥76 per share, comprising an interim dividend of ¥29, year-end dividend of ¥39, and special dividend of ¥8. Forecast for the fiscal year ending May 2027: ¥92 per share, comprising an interim dividend of ¥42, year-end dividend of ¥42, and special dividend of ¥8 |
| Payout ratio | Target consolidated dividend payout ratio of 66% |
| Acquisition of treasury shares | 883,000 shares acquired on 8 July 2026. The acquired shares are scheduled to be cancelled during fiscal 2026. Acquisition amount and acquisition period: Not disclosed |
| New initiatives | Recognition as a core partner of JEIS; company-wide rollout of AI-driven development; collaboration with SCSK on BSW integration; collaboration with SCSK on GX projects; and a shift toward next-generation SSD development |
Items this document does not state (7)
Unit price and quantity metricsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.Operating profit increased due to higher productivity and controlled growth in selling, general and administrative expenses. Net income declined because the ¥841 million gain on the sale of investment securities recorded in the previous fiscal year was no longer present.
How to read this page
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