Earnings Presentation Materials (Transcript) for the Fiscal Year Ending March 2026 | INABA DENKISANGYO CO.,LTD. (9934) timely disclosure

Worth reading

64In 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

8.6

Year-on-year revenue growth (%)

Wording

Conditional

How definitive the wording is.

Contents of this document

Earnings briefing transcriptFiscal year ending March 202614 items taken from the company’s own explanation

Financial Results Figures (The key points of this material are explained below)

Net Sales¥417,023 million+8.6%

Operating profit¥29,711 million+16.3%

Ordinary income¥31,756 million+18.9%

Net income¥23,420 million+24.7%

Gross Profit Margin17.4

Operating profit margin7.1

Selling, general and administrative expenses¥42,898 million

Full-year earnings forecast

Net Sales

¥436,000 million

Operating profit

¥32,900 million

Ordinary income

¥34,400 million

Net income

¥23,700 million

Electrical and construction materials revenue

¥303,000 million

Industrial equipment revenue

¥46,000 million

Proprietary products revenue

¥87,000 million

What the company explained in this material

Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.

Electrical installation materials
Change in amount24
Industrial Equipment
Change in amount5
Proprietary Products
Change in amount18
Corporate expenses and other items
Change in amount13

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.

Raw material prices, financial and capital markets, US trade policy, the situation in the Middle East, urban redevelopment in major metropolitan areas, corporate capital investment demand, labor-saving and digital investment, and semiconductor-related demand. Numerical assumptions: not disclosed.

New initiatives

Development of private-label products planned in-house
Expand sales of environmentally friendly products and LED lighting, and propose environmental solutions
Strengthen coordination among businesses in the Tokyo metropolitan area by establishing a representative executive at the Tokyo headquarters
Expand into the information and communications field, including integrated networks
Propose labor-saving solutions combining mechatronics equipment and IoT
Strengthen sales operations in the US and Europe and expand localized products
Launch a second brand tailored to overseas needs
Build an innovation center, renew core systems, and introduce new order placement and fulfillment systems and BI tools

Key KPIsA metric the company considers important as a management benchmark.

Copper benchmark price¥169.5 10,000/ton
Year on year against the same period last year+14.7%
Copper wire shipment volume271 thousand tonnes
Year on year against the same period last year-4.1%
Copper volume sold by the company
Year on year against the same period last year+2.0%
Floor area of private non-residential construction starts
Year on year against the same period last year-6.6%
New housing starts
Year on year against the same period last year-12.9%
Domestic shipment value of electrical control equipment
Year on year against the same period last year+4.8%
Production value of electronic components and devices
Year on year against the same period last year+9.7%
Domestic shipments of room air conditioners
Year on year against the same period last year+6.5%

Unit price and quantity metricsThese figures show sales broken down by price and volume.

The presentation includes the copper benchmark price, copper wire shipment volume and copper volume sold by the company.

Segment results

Electrical installation materials
Net Sales¥293,289 million
Year-on-year change in revenue8.2
Industrial Equipment
Net Sales¥43,365 million
Year-on-year change in revenue13.7
Proprietary Products
Net Sales¥80,368 million
Year-on-year change in revenue7.4
Proprietary products: Air conditioning
Net Sales¥60,600 million
Year-on-year change in revenue9
Proprietary products: Industrial
Net Sales¥10,100 million
Year-on-year change in revenue3.1
Proprietary products: Residential
Net Sales¥9,500 million
Year-on-year change in revenue2.5

Medium-term management plan targets

Target fiscal yearFiscal year ending March 2029

Net Sales

¥470,000 million

Operating profit

¥35,200 million

Financial targets

Actual and reference figures for ROE and the cost of shareholders' equity are presented, but financial target figures are not disclosed.

Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.

Not disclosed. The impact of the situation in the Middle East has generally not been factored into the earnings forecast because it is difficult to quantify reasonably.

Market Size / Share

Patlite holds the leading global market share, including in Japan, for rotating beacons and stack lights. Other market size and market share figures are not disclosed.

Capital expenditures

¥7,500 million

Annual Dividend

Actual results for the fiscal year ending March 2026

¥85 per share

Forecast for the fiscal year ending March 2027

Annual

¥85 per share

Interim

¥40 per share

End of period

¥45 per share

Payout ratio

Not disclosed. The total payout ratio is expected to be approximately 60% over the medium term. The ratio for the fiscal year ended March 2026 was 61.9%.

Acquisition of treasury shares

Amount

¥3,662 million

PeriodConducted in the fiscal year ended March 2026

Contents of this document
Item	Details
Document type	Earnings briefing transcript
Fiscal Period Covered	Fiscal year ending March 2026
Net Sales	¥417,023 million (YoY +8.6%)
Operating profit	¥29,711 million (YoY +16.3%)
Ordinary income	¥31,756 million (YoY +18.9%)
Net income	¥23,420 million (YoY +24.7%)
Gross Profit Margin	17.4
Operating profit margin	7.1
Selling, general and administrative expenses	¥42,898 million
Full-year earnings forecast	Net Sales ¥436,000 million / Operating profit ¥32,900 million / Ordinary income ¥34,400 million / Net income ¥23,700 million / Electrical and construction materials revenue ¥303,000 million / Industrial equipment revenue ¥46,000 million / Proprietary products revenue ¥87,000 million
Segment results	Segment Electrical installation materials / Net Sales ¥293,289 million / Year-on-year change in revenue 8.2, Segment Industrial Equipment / Net Sales ¥43,365 million / Year-on-year change in revenue 13.7, Segment Proprietary Products / Net Sales ¥80,368 million / Year-on-year change in revenue 7.4, Segment Proprietary products: Air conditioning / Net Sales ¥60,600 million / Year-on-year change in revenue 9, Segment Proprietary products: Industrial / Net Sales ¥10,100 million / Year-on-year change in revenue 3.1, Segment Proprietary products: Residential / Net Sales ¥9,500 million / Year-on-year change in revenue 2.5
Breakdown of Factors Affecting the Change	Factors Electrical installation materials / Change in amount ¥24 hundred million, Factors Industrial Equipment / Change in amount ¥5 hundred million, Factors Proprietary Products / Change in amount ¥18 hundred million, Factors Corporate expenses and other items / Change in amount ¥13 hundred million
Key KPIs	Indicator name Copper benchmark price / Value ¥169.5 10,000/ton / Year on year against the same period last year ¥14.7 10,000/ton, Indicator name Copper wire shipment volume / Value 271 thousand tonnes / Year on year against the same period last year -4.1 thousand tonnes, Indicator name Copper volume sold by the company / Value Not disclosed / Year on year against the same period last year 2, Indicator name Floor area of private non-residential construction starts / Value Not disclosed / Year on year against the same period last year -6.6, Indicator name New housing starts / Value Not disclosed / Year on year against the same period last year -12.9, Indicator name Domestic shipment value of electrical control equipment / Value Not disclosed / Year on year against the same period last year 4.8, Indicator name Production value of electronic components and devices / Value Not disclosed / Year on year against the same period last year 9.7, Indicator name Domestic shipments of room air conditioners / Value Not disclosed / Year on year against the same period last year 6.5
Unit price and quantity metrics	The presentation includes the copper benchmark price, copper wire shipment volume and copper volume sold by the company.
Assumptions Underlying the Business Outlook	Raw material prices, financial and capital markets, US trade policy, the situation in the Middle East, urban redevelopment in major metropolitan areas, corporate capital investment demand, labor-saving and digital investment, and semiconductor-related demand. Numerical assumptions: not disclosed.
Risk amount incorporated into the outlook	Not disclosed. The impact of the situation in the Middle East has generally not been factored into the earnings forecast because it is difficult to quantify reasonably.
Medium-term management plan targets	Target fiscal year Fiscal year ending March 2029 / Net Sales ¥470,000 million / Operating profit ¥35,200 million
Financial targets	Actual and reference figures for ROE and the cost of shareholders' equity are presented, but financial target figures are not disclosed.
Annual Dividend	Actual results for the fiscal year ending March 2026 ¥85 per share / Forecast for the fiscal year ending March 2027 Annual ¥85 per share / Interim ¥40 per share / End of period ¥45 per share
Payout ratio	Not disclosed. The total payout ratio is expected to be approximately 60% over the medium term. The ratio for the fiscal year ended March 2026 was 61.9%.
Acquisition of treasury shares	Amount ¥3,662 million / Number of Shares Not disclosed / Period Conducted in the fiscal year ended March 2026
Capital expenditures	¥7,500 million
Market Size / Share	Patlite holds the leading global market share, including in Japan, for rotating beacons and stack lights. Other market size and market share figures are not disclosed.
New initiatives	Development of private-label products planned in-house, Expand sales of environmentally friendly products and LED lighting, and propose environmental solutions, Strengthen coordination among businesses in the Tokyo metropolitan area by establishing a representative executive at the Tokyo headquarters, Expand into the information and communications field, including integrated networks, Propose labor-saving solutions combining mechatronics equipment and IoT, Strengthen sales operations in the US and Europe and expand localized products, Launch a second brand tailored to overseas needs, Build an innovation center, renew core systems, and introduce new order placement and fulfillment systems and BI tools

Items this document does not state (7)

Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesOrders received and order backlogKey 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.

In the electrical and construction materials business, deliveries to large-scale projects, including urban redevelopment in major metropolitan areas, factories and data centers, remained strong. Higher selling prices and a surge in copper prices also contributed to revenue. In the industrial equipment business, revenue increased as the impact of inventory adjustments related to semiconductors eased and demand for labor-saving and automation solutions expanded. In the proprietary products business, strong shipments of room air conditioners and the recovery in semiconductor market conditions contributed to higher revenue. On the profit side, higher profits across all segments, along with increases in dividend income, foreign exchange gains and gains on sales of investment securities, also contributed.

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