Komori
Results9908NIHON DENKEI CO.,LTDTrading & Wholesale

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP]

For the interim period of the fiscal year ending March 2027, the company captured demand in growth areas, and net sales, operating profit and net income significantly exceeded the year-earlier levels. Based on strong second-quarter results and robust orders, the full-year earnings forecast and annual dividend forecast were revised.

Worth reading
55In 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
21.7
% (year-on-year change in revenue)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales63,666million yenYear on year +21.7%Progress 44.5%
Operating profit2,468million yenYear on year +98.0%Progress 43.9%
Ordinary income2,413million yenYear on year +97.8%Progress 43.3%
Net income attributable to owners of the parent1,542million yenYear on year +106.2%Progress 42.8%

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¥135.86
Financial position at period-end
Total assets69,527million yen
of which net assets 35,221 million yenEquity ratio 49.9%vs. prior year-end +8.3pt

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.

Cash inflows and outflows
Operating+3,953
Investment-78
Financials-3,174
Net change+701

Stacked from zero: upward is an increase in cash, downward a decrease (in million yen).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 period8,677 million yen
Segment revenue
Japan51,022,57577.1%+19.5%
China10,554,38815.9%+19.0%
Other4,606,2957.0%+13.9%
Segment profit
Japan3,207,35090.0%
China146,2654.1%
Other209,6245.9%
Regional sales
China10,740,88432.4%
Other5,859,04217.6%
Overseas total16,599,92650.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales143,000 million yen (YoY +7.4%)
Operating profit5,620 million yen (YoY +13.0%)
Ordinary income5,570 million yen (YoY +9.7%)
Net income3,600 million yen (YoY -1.4%)
Revision to Earnings ForecastNet Sales Not disclosed → 143,000 million yen / Operating profit Not disclosed → 5,620 million yen / Ordinary income Not disclosed → 5,570 million yen / Net income Not disclosed → 3,600 million yen
Annual Dividend Forecast97 yen → 111 yen
Factors Behind Changes in Business Performance

The company accurately captured growth areas, including capital expenditure and research and development investment related to automobiles, related investment driven by increased defense budgets, and inspection and evaluation needs associated with expanding global demand for AI servers, resulting in solid orders. Gross profit margin also increased, while selling, general and administrative expenses rose due to human capital investment, including wage increases and staff expansion.

Disclosure regarding the going concern assumption

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 consolidationNew 0 / Name of new company Not disclosed / Excluded 0 / Excluded Company Name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 8,871 thousand yen / Gain on sales of investment securities 81,383 thousand yen / Total 90,255 thousand yen / Extraordinary loss Loss on sale of fixed assets 2,195 thousand yen / Loss on disposal of fixed assets 2,621 thousand yen / Total 4,817 thousand yen
Depreciation and amortization300,431 thousand yen
Orders received and order backlogOrders received 80,826,770 thousand yen / Order backlog 62,046,133 thousand yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End11,818,507
Treasury Shares at Period-End453,653
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales63,666 million yen (YoY +21.7%)
Operating profit2,468 million yen (YoY +98.0%)
Ordinary income2,413 million yen (YoY +97.8%)
Profit attributable to owners of the parent1,542 million yen (YoY +106.2%)
Net income per share¥135.86
Equity ratioEnd of the current fiscal period 49.9 / End of previous period 41.6
Total assets69,527 million yen
Net assets35,221 million yen
Cash flows from operating activities3,953 million yen
Cash flows from investing activities-78 million yen
Cash flows from financing activities-3,174 million yen
Cash and cash equivalents at end of period8,677 million yen
Full-year earnings forecastNet Sales 143,000 million yen (YoY +7.4%) / Operating profit 5,620 million yen (YoY +13.0%) / Ordinary income 5,570 million yen (YoY +9.7%) / Net income 3,600 million yen (YoY -1.4%)
Revision to Earnings ForecastNet Sales Not disclosed → 143,000 million yen / Operating profit Not disclosed → 5,620 million yen / Ordinary income Not disclosed → 5,570 million yen / Net income Not disclosed → 3,600 million yen
Annual Dividend Forecast97 yen → 111 yen
Segment revenueJapan 51,022,575 thousand yen (YoY +19.5%) / China 10,554,388 thousand yen (YoY +19.0%) / Other 4,606,295 thousand yen (YoY +13.9%)
Segment profitJapan 3,207,350 thousand yen / China 146,265 thousand yen / Other 209,624 thousand yen
Regional salesChina 10,740,884 thousand yen / Other 5,859,042 thousand yen / Overseas total 16,599,926 thousand yen
Orders received and order backlogOrders received 80,826,770 thousand yen / Order backlog 62,046,133 thousand yen
Depreciation and amortization300,431 thousand yen
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 8,871 thousand yen / Gain on sales of investment securities 81,383 thousand yen / Total 90,255 thousand yen / Extraordinary loss Loss on sale of fixed assets 2,195 thousand yen / Loss on disposal of fixed assets 2,621 thousand yen / Total 4,817 thousand yen
Disclosure regarding the going concern assumptionThere are no applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 / Name of new company Not disclosed / Excluded 0 / Excluded Company Name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End11,818,507
Treasury Shares at Period-End453,653
Factors Behind Changes in Business PerformanceThe company accurately captured growth areas, including capital expenditure and research and development investment related to automobiles, related investment driven by increased defense budgets, and inspection and evaluation needs associated with expanding global demand for AI servers, resulting in solid orders. Gross profit margin also increased, while selling, general and administrative expenses rose due to human capital investment, including wage increases and staff expansion.
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyImpairment lossMaterial 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.

Orders remained solid as the company captured growth areas, including capital expenditure and research and development investment related to automobiles, related investment driven by increased defense budgets, and inspection and evaluation needs arising from expanding global demand for AI servers. The full-year forecast was revised because second-quarter results exceeded the initial plan and orders also remained strong.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] | NIHON DENKEI CO.,LTD (9908) timely disclosure | Komori