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.
Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2026 (Under Japanese GAAP)
May 15, 2026
Company name: Focus Systems Corporation Listing: Tokyo Stock Exchange Securities code: 4662
URL: https://en.focus-s.com
Representative: Mori Keiichi, Representative Director and President Inquiries: Goto Makoto, Managing Director and Executive Officer Telephone: +81-3-5421-7777
Scheduled date of annual general meeting of shareholders: June 29, 2026 Scheduled date to commence dividend payments: June 30, 2026
Scheduled date to file annual securities report: June 26, 2026 Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for institutional investors and analysts)
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Non- consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2026
35,698
9.7
3,036
39.8
3,068
41.7
2,333
48.9
March 31, 2025
32,555
3.3
2,171
10.0
2,164
9.8
1,566
11.4
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary
profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2026
155.63
-
15.9
13.7
8.5
March 31, 2025
103.67
-
11.4
10.3
6.7
Reference: Share of profit (loss) of entities accounted for using equity method For the fiscal year ended March 31, 2026: ¥32 million For the fiscal year ended March 31, 2025: ¥24 million
-
Non-consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2026
23,821
15,382
64.6
1,050.08
March 31, 2025
20,893
14,047
67.2
929.15
Reference: Equity
As of March 31, 2026: ¥15,382 million
As of March 31, 2025: ¥14,047 million
- Non-consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of
period
Fiscal year ended
Millions of yen
Millions of yen
Millions of yen
Millions of yen
March 31, 2026
2,569
(138)
(1,441)
6,556
March 31, 2025
1,839
(810)
(1,020)
5,566
-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio
Ratio of dividends to net assets
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended
-
6.00
-
36.00
42.00
634
40.2
4.6
March 31, 2025
Fiscal year ended
-
12.00
-
52.00
64.00
943
41.1
6.4
March 31, 2026
Fiscal year ending March 31, 2027
(Forecast)
-
16.00
-
52.00
68.00
41.4
- Non-consolidated financial results forecast for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit | Basic earnings per share | |||||
Full year | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
39,000 | 9.2 | 3,500 | 15.3 | 3,500 | 14.1 | 2,460 | 5.4 | 164.30 | |
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2026
16,292,942 shares
As of March 31, 2025
16,292,942 shares
Number of treasury shares at the end of the period
As of March 31, 2026
1,644,462 shares
As of March 31, 2025
1,174,462 shares
Average number of shares outstanding during the period
Fiscal Year ended March 31, 2026 | 14,992,257 shares |
Fiscal Year ended March 31, 2025 | 15,114,172 shares |
These financial results are outside the scope of audit conducted by a certified public accountant or an audit corporation.
Explanation of the proper use of financial results forecast and other notes (Notes on forward-looking statements, etc.)
Forward-looking statements in this document, including the forecasts of financial results, etc., are based on the information currently available to the Company and certain assumptions deemed to be reasonable. Actual performance and other results may differ materially from these forecasts due to various factors.
Non-consolidated Financial Statements Non-consolidated Balance Sheet
(Thousands of yen) | ||
As of March 31, 2025 | As of March 31, 2026 | |
Assets | ||
Current assets | ||
Cash and deposits | 6,508,050 | 6,935,659 |
Electronically recorded monetary claims - operating | 73,976 | 55,525 |
Accounts receivable-trade and contract assets | 6,709,725 | 7,465,768 |
Merchandise and finished goods | 86,188 | 199,708 |
Work in process | 1,261 | - |
Prepaid expenses | 185,980 | 359,014 |
Accounts receivable - other | 6,981 | 6,474 |
Other | 12,789 | 9,245 |
Allowance for doubtful accounts | (99) | (14,080) |
Total current assets | 13,584,854 | 15,017,318 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings | 1,386,029 | 1,397,117 |
Accumulated depreciation | (1,029,384) | (1,054,887) |
Buildings, net | 356,644 | 342,230 |
Structures | 62,939 | 62,939 |
Accumulated depreciation | (30,531) | (34,283) |
Structures, net | 32,408 | 28,656 |
Vehicles | 12,686 | 12,686 |
Accumulated depreciation | (9,497) | (10,828) |
Vehicles, net | 3,189 | 1,858 |
Tools, furniture and fixtures | 618,992 | 601,206 |
Accumulated depreciation | (508,281) | (461,390) |
Tools, furniture and fixtures, net | 110,711 | 139,816 |
Land | 3,002,419 | 3,002,419 |
Total property, plant and equipment | 3,505,371 | 3,514,980 |
Intangible assets | ||
Software | 42,840 | 38,134 |
Goodwill | 2,540 | - |
Telephone subscription right | 2,962 | 2,962 |
Total intangible assets | 48,343 | 41,097 |
Investments and other assets | ||
Investment securities | 2,883,564 | 4,215,159 |
Shares of subsidiaries and associates | 120,514 | 142,214 |
Investments in capital | 100 | 100 |
Long-term loans receivable | 87,000 | 87,000 |
Insurance funds | 442,576 | 486,725 |
Long-term time deposits | - | 100,000 |
Other | 307,710 | 304,209 |
Allowance for doubtful accounts | (87,000) | (87,000) |
Total investments and other assets | 3,754,465 | 5,248,408 |
Total non-current assets | 7,308,180 | 8,804,486 |
Total assets | 20,893,035 | 23,821,804 |
(Thousands of yen) | ||
As of March 31, 2025 | As of March 31, 2026 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 1,838,810 | 2,147,645 |
Short-term borrowings | 486,000 | 986,000 |
Current portion of bonds payable | 40,000 | - |
Current portion of long-term borrowings | 786,720 | 653,449 |
Accounts payable - other | 500,248 | 906,510 |
Accrued expenses | 239,696 | 209,105 |
Income taxes payable | 340,583 | 711,181 |
Accrued consumption taxes | 567,209 | 641,193 |
Contract liabilities | 377,214 | 317,069 |
Deposits received | 60,518 | 62,442 |
Provision for bonuses | 625,200 | 790,714 |
Provision for bonuses for directors (and other officers) | 30,000 | 40,000 |
Other | 14,725 | 15,280 |
Total current liabilities | 5,906,926 | 7,480,591 |
Non-current liabilities | ||
Long-term borrowings | 553,351 | 399,888 |
Deferred tax liabilities | 287,623 | 461,494 |
Long-term accounts payable - other | 97,750 | 97,750 |
Total non-current liabilities | 938,724 | 959,132 |
Total liabilities | 6,845,651 | 8,439,724 |
Net assets | ||
Shareholders' equity | ||
Share capital | 2,905,422 | 2,905,422 |
Capital surplus | ||
Legal capital surplus | 749,999 | 749,999 |
Other capital surplus | 1,438,641 | 1,449,701 |
Total capital surplus | 2,188,641 | 2,199,701 |
Retained earnings | ||
Other retained earnings | ||
Retained earnings brought forward | 7,996,215 | 9,603,595 |
Total retained earnings | 7,996,215 | 9,603,595 |
Treasury shares | (339,254) | (1,225,791) |
Total shareholders' equity | 12,751,024 | 13,482,927 |
Valuation and translation adjustments | ||
Valuation difference on available-for-sale securities | 1,296,359 | 1,899,152 |
Total valuation and translation adjustments | 1,296,359 | 1,899,152 |
Total net assets | 14,047,384 | 15,382,079 |
Total liabilities and net assets | 20,893,035 | 23,821,804 |
Non-consolidated Statement of Income
(Thousands of yen) | ||
For the fiscal year ended March 31, 2025 | For the fiscal year ended March 31, 2026 | |
Net sales | 32,555,008 | 35,698,834 |
Cost of sales | 28,349,677 | 30,456,135 |
Gross profit | 4,205,331 | 5,242,698 |
Selling, general and administrative expenses | 2,033,429 | 2,206,566 |
Operating profit | 2,171,902 | 3,036,131 |
Non-operating income | ||
Interest and dividend income | 22,322 | 29,283 |
Rental income from buildings | 16,237 | 14,124 |
Subsidy income | - | 29,280 |
Other | 6,385 | 12,591 |
Total non-operating income | 44,945 | 85,279 |
Non-operating expenses | ||
Interest expenses | 17,204 | 21,203 |
Interest expenses on bonds | 399 | 70 |
Depreciation of assets for rent | 4,351 | 3,393 |
Loss on retirement of non-current assets | 19,601 | 14,495 |
Commission expenses | 3,663 | 5,562 |
Other | 6,804 | 8,378 |
Total non-operating expenses | 52,025 | 53,103 |
Ordinary profit | 2,164,822 | 3,068,307 |
Extraordinary income | ||
Gain on sale of investment securities | - | 93,900 |
Total extraordinary income | - | 93,900 |
Extraordinary losses | ||
Loss on valuation of golf club membership | 1,636 | - |
Total extraordinary losses | 1,636 | - |
Profit before income taxes | 2,163,186 | 3,162,207 |
Income taxes - current | 611,513 | 930,270 |
Income taxes - deferred | (15,180) | (101,250) |
Total income taxes | 596,333 | 829,020 |
Profit | 1,566,852 | 2,333,186 |
Non-consolidated Statement of Changes in Equity
For the fiscal year ended March 31, 2025
(Thousands of yen)
Shareholders' equity | ||||||
Share capital | Capital surplus | Retained earnings | ||||
Legal capital surplus | Other capital surplus | Total capital surplus | Other retained earnings | Total retained earnings | ||
Retained earnings brought forward | ||||||
Balance at beginning of period | 2,905,422 | 749,999 | 1,427,822 | 2,177,822 | 7,003,506 | 7,003,506 |
Changes during period | ||||||
Dividends of surplus | (574,143) | (574,143) | ||||
Profit | 1,566,852 | 1,566,852 | ||||
Purchase of treasury shares | ||||||
Disposal of treasury shares | 10,819 | 10,819 | ||||
Net changes in items other than shareholders' equity | ||||||
Total changes during period | - | - | 10,819 | 10,819 | 992,708 | 992,708 |
Balance at end of period | 2,905,422 | 749,999 | 1,438,641 | 2,188,641 | 7,996,215 | 7,996,215 |
Shareholders' equity | Valuation and translation adjustments | Total net assets | |||
Treasury shares | Total shareholders' equity | Valuation difference on available-for-sale securities | Total valuation and translation adjustments | ||
Balance at beginning of period | (342,479) | 11,744,271 | 1,672,378 | 1,672,378 | 13,416,650 |
Changes during period | |||||
Dividends of surplus | (574,143) | (574,143) | |||
Profit | 1,566,852 | 1,566,852 | |||
Purchase of treasury shares | - | ||||
Disposal of treasury shares | 3,225 | 14,044 | 14,044 | ||
Net changes in items other than shareholders' equity | (376,019) | (376,019) | (376,019) | ||
Total changes during period | 3,225 | 1,006,753 | (376,019) | (376,019) | 630,733 |
Balance at end of period | (339,254) | 12,751,024 | 1,296,359 | 1,296,359 | 14,047,384 |
For the fiscal year ended March 31, 2026
(Thousands of yen)
Shareholders' equity | ||||||
Share capital | Capital surplus | Retained earnings | ||||
Legal capital surplus | Other capital surplus | Total capital surplus | Other retained earnings | Total retained earnings | ||
Retained earnings brought forward | ||||||
Balance at beginning of period | 2,905,422 | 749,999 | 1,438,641 | 2,188,641 | 7,996,215 | 7,996,215 |
Changes during period | ||||||
Dividends of surplus | (725,807) | (725,807) | ||||
Profit | 2,333,186 | 2,333,186 | ||||
Purchase of treasury shares | ||||||
Disposal of treasury shares | 11,060 | 11,060 | ||||
Net changes in items other than shareholders' equity | ||||||
Total changes during period | - | - | 11,060 | 11,060 | 1,607,379 | 1,607,379 |
Balance at end of period | 2,905,422 | 749,999 | 1,449,701 | 2,199,701 | 9,603,595 | 9,603,595 |
Shareholders' equity | Valuation and translation adjustments | Total net assets | |||
Treasury shares | Total shareholders' equity | Valuation difference on available-for-sale securities | Total valuation and translation adjustments | ||
Balance at beginning of period | (339,254) | 12,751,024 | 1,296,359 | 1,296,359 | 14,047,384 |
Changes during period | |||||
Dividends of surplus | (725,807) | (725,807) | |||
Profit | 2,333,186 | 2,333,186 | |||
Purchase of treasury shares | (889,417) | (889,417) | (889,417) | ||
Disposal of treasury shares | 2,880 | 13,940 | 13,940 | ||
Net changes in items other than shareholders' equity | 602,792 | 602,792 | 602,792 | ||
Total changes during period | (886,537) | 731,902 | 602,792 | 602,792 | 1,334,695 |
Balance at end of period | (1,225,791) | 13,482,927 | 1,899,152 | 1,899,152 | 15,382,079 |
Non-consolidated Statement of Cash Flows
(Thousands of yen) | ||
For the fiscal year ended March 31, 2025 | For the fiscal year ended March 31, 2026 | |
Cash flows from operating activities | ||
Profit before income taxes | 2,163,186 | 3,162,207 |
Depreciation | 176,845 | 150,081 |
Amortization of goodwill | 3,811 | 2,540 |
Increase (decrease) in allowance for doubtful accounts | 99 | 13,980 |
Increase (decrease) in provision for bonuses | 36,075 | 165,514 |
Increase (decrease) in provision for bonuses for directors (and other officers) | 30,000 | 10,000 |
Interest and dividend income | (22,322) | (29,283) |
Interest expenses | 17,204 | 21,203 |
Interest expenses on bonds | 399 | 70 |
Loss (gain) on sale of investment securities | - | (93,900) |
Loss on retirement of non-current assets | 19,601 | 14,495 |
Subsidy income | - | (29,280) |
Decrease (increase) in trade receivables | 105,760 | (737,592) |
Decrease (increase) in inventories | (12,189) | (112,259) |
Decrease (increase) in prepaid expenses | 100,973 | (166,295) |
Increase (decrease) in contract liabilities | (78,674) | (60,145) |
Increase (decrease) in trade payables | (29,700) | 308,835 |
Increase (decrease) in accounts payable - other | 101,766 | 399,091 |
Increase (decrease) in accrued expenses | 50,574 | (30,581) |
Increase (decrease) in deposits received | (68,423) | 1,924 |
Increase (decrease) in accrued consumption taxes | (12,397) | 73,983 |
Other, net | 28,242 | 41,713 |
Subtotal | 2,610,834 | 3,106,305 |
Interest and dividends received | 22,041 | 29,252 |
Interest paid | (17,352) | (24,684) |
Subsidies received | - | 29,280 |
Income taxes paid | (776,096) | (570,731) |
Other, net | 479 | 413 |
Net cash provided by (used in) operating activities | 1,839,907 | 2,569,836 |
(Thousands of yen) | ||
For the fiscal year ended March 31, 2025 | For the fiscal year ended March 31, 2026 | |
Cash flows from investing activities | ||
Decrease (increase) in time deposits and other | (692,762) | 462,461 |
Purchase of investment securities | - | (459,780) |
Proceeds from sale of investment securities | - | 100,000 |
Purchase of shares of subsidiaries and associates | - | (21,700) |
Purchase of insurance funds | (44,438) | (44,149) |
Purchase of property, plant and equipment | (64,745) | (137,817) |
Proceeds from sale of property, plant and equipment | 300 | - |
Purchase of intangible assets | (3,497) | (24,493) |
Payments of guarantee deposits | (11,396) | (36,464) |
Proceeds from refund of guarantee deposits | 5,904 | 23,634 |
Net cash provided by (used in) investing activities | (810,634) | (138,307) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (50,000) | 500,000 |
Proceeds from long-term borrowings | 600,000 | 600,000 |
Repayments of long-term borrowings | (877,374) | (886,734) |
Redemption of bonds | (120,000) | (40,000) |
Purchase of treasury shares | - | (889,472) |
Dividends paid | (572,780) | (725,251) |
Net cash provided by (used in) financing activities | (1,020,154) | (1,441,457) |
Net increase (decrease) in cash and cash equivalents | 9,117 | 990,070 |
Cash and cash equivalents at beginning of period | 5,557,015 | 5,566,133 |
Cash and cash equivalents at end of period | 5,566,133 | 6,556,203 |