Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published Announced on 14 May 2025The 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.
The Material Innovations Company performed strongly, mainly in the Electrical and Electronic Materials business, due to an increase in the renovation of high-voltage receiving equipment ahead of the implementation of the third assessment criteria for Top Runner transformers under the Energy Conservation Act in FY2026, as well as increased orders for electrical wires and cables and large-scale equipment. The Infrastructure Solutions Company saw steady progress in orders for its General Construction and Environmental and Energy businesses, sales of core products in its Equipment Control business, and environmental improvement projects. In terms of profit, in addition to higher revenue, cost improvements from the early procurement of products and sales and order-taking initiatives that took profitability into account contributed to the revision.
| Item | Details |
|---|---|
| Net Sales | ¥102,000 million → ¥105,800 million（+3.7%） |
| Operating profit | ¥5,300 million → ¥6,190 million（+16.8%） |
| Ordinary income | ¥5,700 million → ¥6,820 million（+19.6%） |
| Profit attributable to owners of the parent | ¥3,700 million → ¥4,850 million（+31.1%） |
| Net income per share | 437.53 yen → 573.52 yen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | Announced on 14 May 2025 |
| Previous-period results | Consolidated Net Sales ¥96,100 million / Operating profit ¥5,360 million / Ordinary income ¥6,028 million / Profit attributable to owners of the parent ¥4,123 million / Net income per share ¥487.65 / Individual Net Sales ¥86,836 million / Ordinary income ¥5,107 million / Net income for the current fiscal year ¥3,758 million / Net income per share ¥443.84 |
| Reason for the revision | The Material Innovations Company performed strongly, mainly in the Electrical and Electronic Materials business, due to an increase in the renovation of high-voltage receiving equipment ahead of the implementation of the third assessment criteria for Top Runner transformers under the Energy Conservation Act in FY2026, as well as increased orders for electrical wires and cables and large-scale equipment. The Infrastructure Solutions Company saw steady progress in orders for its General Construction and Environmental and Energy businesses, sales of core products in its Equipment Control business, and environmental improvement projects. In terms of profit, in addition to higher revenue, cost improvements from the early procurement of products and sales and order-taking initiatives that took profitability into account contributed to the revision. |
| Dividend forecast revision | The previous annual dividend forecast of ¥130 (¥50 interim and ¥80 year-end) has been increased by ¥30 to ¥160 (¥50 interim and ¥110 year-end). |
| Consolidated / non-consolidated | Consolidated / non-consolidated (standalone) |
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.Revenue is expected to exceed the previous forecast due to increased orders, mainly in the Electrical and Electronic Materials business, as well as steady progress on orders in the General Construction and Environmental and Energy businesses. In terms of profit, in addition to higher revenue, cost improvements from the early procurement of products and sales and order-taking initiatives that took profitability into account contributed to the upward revision. The dividend was increased after comprehensively considering the expected outperformance, as well as the future stability of earnings and cash flow.