Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results for the Six Months Ended June 30, 2025 (Under Japanese GAAP)Company name: EBARA JITSUGYO CO.,LTD. Listing: Tokyo Stock Exchange
Securities code: 6328 URL: https://www.ejk.co.jp/
Representative: President and COO Takashi Ishii
August 5, 2025
Inquiries:
Senior Managing Executive Officer, Head of Planning & Strategy Office
Shuji Ohno TEL: +81-3-5565-2885
Scheduled date to file semi-annual securities report: August 8, 2025
Scheduled date to commence dividend payments: September 4, 2025 Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated financial results for the six months ended June 30, 2025 (from January 1, 2025 to June 30, 2025)
Consolidated operating results (cumulative) Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to
owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Six months ended June 30, 2025
21,213
11.1
3,504
34.3
3,600
32.7
2,478
34.1
Six months ended June 30, 2024
19,100
(7.3)
2,610
(3.0)
2,712
(1.5)
1,848
(3.2)
Note: Comprehensive income For the six months ended June 30, 2025: ¥2,378 million [(6.6%)]
For the six months ended June 30, 2024: ¥2,544 million [2.8%]
Basic earnings per share
Diluted earnings per share
Yen
Yen
Six months ended June 30, 2025
208.45
-
Six months ended June 30, 2024
154.75
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Millions of yen
Millions of yen
%
As of June 30, 2025
43,555
25,197
57.9
As of December 31, 2024
42,996
23,461
54.6
Reference: Equity As of June 30, 2025: ¥25,197 million
As of December 31, 2024: ¥23,461 million
Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Year ended December 31, 2024
Yen
-
Yen
47.50
Yen
-
Yen
47.50
Yen
95.00
Year ending December 31, 2025
-
60.00
Year ending December 31, 2025 (Forecast)
-
60.00
120.00
Note: Revisions to the forecast of cash dividends most recently announced: None
Note: The annual dividends per share for the year ending December 31, 2025 (forecast) consist of an ordinary dividend of ¥100 and a commemorative dividend of ¥20 (for the 80th anniversary of the Company's founding).
Forecast of consolidated financial results for the year ending December 31, 2025 (from January 1, 2025 to December 31, 2025)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Basic earnings per share
Full year
Millions of yen
40,000
%
6.7
Millions of yen
4,500
%
5.8
Millions of yen
4,650
%
4.7
Millions of yen
3,300
%
4.5
Yen
276.10
Note: Revisions to the forecast of consolidated financial results most recently announced: None
Notes
Significant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Note: For details, please refer to "2. Consolidated Interim Financial Statements and Main Notes, (4) Notes on the Consolidated Interim Financial Statements (Notes on changes in accounting policies)" on page 9 of the accompanying document.
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2025
12,930,000 shares
As of December 31, 2024
12,930,000 shares
Number of treasury shares at the end of the period
As of June 30, 2025
1,020,958 shares
As of December 31, 2024
1,007,954 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended June 30, 2025 | 11,888,256 shares | Six months ended June 30, 2024 | 11,943,374 shares |
Note: The number of the Company's shares held by the trust account of the Trust-type Employee Stock Ownership Plan (ESOP) is included in the number of treasury shares at the end of the period and that deducted in the calculation of the average number of shares outstanding during the period (cumulative from the beginning of the fiscal year). Please also note that there are no shares of the Company's stock held by said trust account at the end of the period under review.
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The forecasts and other forward-looking statements of the Company Group contained in this document are based on information currently available and reasonable assumptions regarding economic conditions, market trends, and other factors at the time of this document's announcement and are subject to change due to various factors that may arise in the future. For information on the assumptions used to forecast financial results and precautionary statements when using the forecast of financial results, please refer to "1. Business Results and Others (3) Forecasts of Consolidated Business Results and Others" on page 3 of the accompanying document.
Method of obtaining supplementary materials for financial results, etc.
Supplementary materials for financial results are disclosed on TDnet the same day and posted on the Company's website.
Attachment: Table of Contents
Business Results and Others 2
Interim Business Results 2
Interim Financial Position 3
Forecasts of Consolidated Business Results and Others 3
Consolidated Interim Financial Statements and Main Notes 4
Consolidated Interim Balance Sheet 4
Consolidated Interim Statements of Income and Consolidated Interim Statements of Comprehensive Income 6
Consolidated Interim Statements of Cash Flows 8
Notes on the Consolidated Interim Financial Statements 9
(Notes on changes in accounting policies) 9
(Notes on Segment data, etc.) 9
(Note on significant change in shareholders' equity) 10
(Note on going concern assumption) 10
Business Results and Others
Interim Business Results
During the first half of the fiscal year 2025 (January 1, 2025 to June 30, 2025), a moderate recovery continued in the Japanese economy backed by corporate capital investments. However, the economic outlook remained uncertain due to sluggish growth in personal consumption caused by rising prices, impacts of the U.S. trade policy, and other factors.
In the environmental equipment and machinery industry where the Company operates, the public sector experienced solid demand for the renewal and maintenance of water infrastructure facilities and for work on disaster prevention and mitigation for rainwater drainage facilities, while the private sector saw stable capital investment.
In this business environment, the Company Group aims to improve its corporate value by focusing on the three core areas of disaster prevention and mitigation, storage batteries, and the fisheries business. Underlying these efforts is the following basic policy, based on the Company Group's "EJ2027" Medium-term Management Plan:
Strengthening existing businesses
Exploring new areas
Enhancing the management base
As a result, in the first half of the fiscal year 2025, the Company recorded ¥19,365 million in orders received (up 0.3% year on year),
¥21,213 million in net sales (up 11.1% year on year), ¥3,504 million in operating profit (up 34.3% year on year), ¥3,600 million in ordinary profit (up 32.7% year on year), and ¥2,478 million in profit attributable to owners of parent (up 34.1% year on year).
The following shows segment-specific information. Manufacturing
In the Manufacturing segment that manufactured and sold environment-related products, the Company posted ¥3,262 million in orders received, down 18.8% year on year. This decrease was due to a backlash from orders for large projects in the water treatment plants and deodorizing domains that were recorded in the same period of the previous fiscal year, despite the partial recovery in demand for the semiconductor industry in the measuring domain. On top of it, there was a decrease in demand for the energy-saving/creating domain. Meanwhile, net sales increased 6.8% year on year to ¥3,706 million due that both water treatment plants and deodorizing domains remained strong. Segment profit rose 9.0% year on year to ¥816 million on the back of the increase in net sales.
Engineering
In the Engineering segment that designed and constructed waterworks and sewerage facilities, orders received fell 2.2% year on year to ¥9,067 million due to a decrease in orders for large projects, although there was firm demand for the renewal and maintenance of water infrastructure facilities as well as demand for disaster prevention and mitigation, such as for rainwater drainage facilities. Meanwhile, the Company posted net sales of ¥11,987 million, up 21.0% year on year, due to the steady progress of construction works accompanying the high level of orders backlog at the beginning of the period. Segment profit rose 38.8% year on year to
¥2,359 million on the back of the increase in net sales.
Trading
In the Trading segment that mainly sold pumps, freezers, and air-conditioning equipment as a trading company, private-sector capital investment remained stable; furthermore, the Company won large projects for chemical plants. The segment's orders received rose 16.7% year on year to ¥7,035 million. Meanwhile, the Company posted net sales of ¥5,518 million, down 3.5% year on year, because orders backlog at the beginning of the period included many projects with long delivery times. Segment profit rose 24.4% year on year to ¥944 million because net sales of highly profitable projects were concentrated in the first half of the fiscal year under review.
The orders received by each segment during the first half of the fiscal year 2025 were as follows.
Segment
Orders received (millions of yen)
Comparison with Q2 FY2024 (%)
Orders backlog (millions of yen)
Comparison with Q2 FY2024 (%)
Manufacturing
3,262
81.2
4,300
92.3
Engineering
9,067
97.8
20,256
96.9
Trading
7,035
116.7
7,345
121.1
Total
19,365
100.3
31,902
100.8
Interim Financial Position
Financial Position
The Company Group's total assets at the end of the first half of the fiscal year (June 30, 2025) was ¥43,555 million, an increase of
¥558 million from the end of the previous fiscal year (December 31, 2024). This was mainly due to a ¥3,647 million increase in cash and deposits and a ¥3,188 million decrease in notes and accounts receivable-trade and contract assets as a result of the collection of accounts receivable toward the end of the interim fiscal year, as the Company Group's sales to the public sector account for a high percentage of its total sales, which is a normal business pattern and a high percentage of sales recorded in the first quarter of the fiscal year 2025.
Total liabilities at the end of the first half of the fiscal year under review was ¥18,358 million, a decrease of ¥1,177 million from the end of the previous fiscal year. This was mainly due to a ¥2,785 million decrease in notes and accounts payable - trade, despite a
¥1,211 million increase in contract liabilities and a ¥429 million increase in income taxes payable.
Total net assets at the end of the first half of the fiscal year under review was ¥25,197 million, an increase of ¥1,736 million from the end of the previous fiscal year. This was largely attributable to an increase of ¥2,478 million due to the posting of profit attributable to owners of parent although there was a drop of ¥566 million related to dividends of surplus.
Cash Flows
The Company Group's total cash and cash equivalents as of the end of the first half of the fiscal year under review (June 30, 2025) was ¥18,044 million, an increase of ¥3,976 million from the end of the previous fiscal year (December 31, 2024). The status of each cash flow and contributing factors are as follows.
(Cash flows from operating activities)
Net cash gained from operating activities was ¥4,590 million (compared to ¥7,393 million gained in the same period of the previous fiscal year).
In addition to the recording of ¥3,562 million in net profit before taxes, a ¥3,188 million decrease in accounts receivable - trade and contract assets, despite a ¥2,785 million decrease in trade payables, contributed to an overall increase of ¥4,590 million in operating activities.
(Cash flows from investing activities)
Net cash used in investing activities was ¥22 million (compared to ¥215 million used in the same period of the previous fiscal year). This was mainly due to expenditure of ¥317 million for the purchase of property, plant, and equipment.
(Cash flows from financial activities)
Net cash used in financial activities was ¥592 million (compared to ¥539 million used in the same period of the previous fiscal year).
This mainly consisted of ¥566 million in dividends paid.
Forecasts of Consolidated Business Results and Others
There is no change to our forecasts of the consolidated business results for the fiscal year ending December 31, 2025 which we announced in the Summary of Consolidated Financial Results for the Fiscal Year Ended December 31, 2024 dated February 10, 2025.