愛知時計電機 posted record sales, operating profit, ordinary profit and net profit for the fiscal year ended March 2026. In contrast, profit is expected to decline sharply in the fiscal year ending March 2027 due to additional costs to address defects.
愛知時計電機 announced its full-year results for the fiscal year ended March 2026, reporting record sales of ¥59.116 billion, operating profit of ¥4.710 billion, ordinary profit of ¥5.208 billion and net income attributable to owners of the parent of ¥4.801 billion. Net income rose significantly due to gains on the sale of investment securities.
By business segment, instrumentation stood out with a 34.1% increase, while gas-related and water-related equipment also remained solid. Sales in Japan rose 9.3% from the previous fiscal year, while overseas sales increased 4.0%. Sales in Asia and Oceania declined, whereas sales in North America, Europe and other regions rose 20.1%, helped by water meters for North America and other products.
The company's forecast for the fiscal year ending March 2027 calls for sales of ¥60.480 billion, operating profit of ¥3.730 billion, ordinary profit of ¥4.070 billion, net income of ¥3.570 billion and a dividend of ¥120. Sales are expected to increase, while operating profit is expected to decline 20.8%.