Translation | |||||
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail. | |||||
Summary of Consolidated Financial Results for the Six Months Ended September 30, 2025 (Based on Japanese GAAP) | |||||
November 13, 2025 | |||||
Company name: | G-TEKT CORPORATION | ||||
Stock exchange listing: | Tokyo | ||||
Stock code: | 5970 | URL https://www.g-tekt.jp/ | |||
Representative: | President, Chief Executive Officer | Naohiro Takao | |||
Inquiries: | Managing Officer of the Company, Operations Director | Takeshi Bamba | TEL +81-48-646-3400 | ||
Scheduled date to file Semi-Annual Securities Report: | November 14, 2025 | ||||
Scheduled date to commence dividend payments: | December 1, 2025 | ||||
Preparation of supplementary material for financial results: | Yes | ||||
Holding of financial results meeting: | Yes | (for institutional investors and analysts) | |||
(Amounts less than one million yen are rounded down)
Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 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 September 30, 2025
154,510
(7.7)
4,466
(16.6)
5,239
(4.7)
3,601
(7.6)
Six months ended September 30, 2024
167,395
1.3
5,356
(14.8)
5,499
(31.3)
3,899
(34.4)
Earnings per share
Diluted earnings per share
Yen
Yen
Six months ended September 30, 2025
84.14
-
Six months ended September 30, 2024
90.50
-
Consolidated financial position
Total assets
Net assets
Equity ratio
Millions of yen
Millions of yen
%
As of September 30, 2025
338,382
218,433
60.2
As of March 31, 2025
321,386
212,357
61.6
Cash dividends
Annual dividends per share
1st quarter-end
2nd quarter-end
3rd quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Year ended March 31, 2025
-
37.00
-
50.00
87.00
Year ending March 31, 2026
-
45.00
Year ending March 31, 2026 (Forecast)
-
45.00
90.00
Forecast of consolidated financial results for the year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)
Percentages indicate year-on-year changes
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Earnings per share
Full year
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
Yen
320,000
(5.7)
14,200
(13.3)
14,900
(15.0)
10,000
(19.6)
233.58
Notes
(1) Changes in significant subsidiaries during the six months ended September 30, 2025 (changes in specified subsidiaries resulting in the change in scope of consolidation): | No |
(2) Application of special accounting methods for preparing semi-annual consolidated financial statements: | Yes |
Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
No
Changes in accounting policies due to other reasons:
No
Changes in accounting estimates:
No
Restatement of prior period financial statements:
No
Number of issued shares (common shares)
As of September 30, 2025 | 43,931,260 | shares | As of March 31, 2025 | 43,931,260 | shares |
As of September 30, 2025 | 1,118,667 | shares | As of March 31, 2025 | 1,131,588 | shares |
Total number of issued shares at the end of the period (including treasury shares) Number of treasury shares at the end of the period
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2025 | 42,803,610 | shares | Six months ended September 30, 2024 | 43,085,156 | shares |
(Millions of yen) | ||
As of March 31, 2025 | As of September 30, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 43,002 | 43,747 |
Notes and accounts receivable - trade | 48,187 | 44,644 |
Finished goods | 2,044 | 2,281 |
Work in process | 34,724 | 42,863 |
Raw materials | 4,385 | 4,509 |
Supplies | 1,913 | 1,999 |
Other | 7,157 | 7,317 |
Total current assets | 141,416 | 147,363 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 128,999 | 131,683 |
Accumulated depreciation | (54,965) | (57,234) |
Buildings and structures, net | 74,034 | 74,449 |
Machinery, equipment and vehicles | 211,941 | 214,911 |
Accumulated depreciation | (163,733) | (168,481) |
Machinery, equipment and vehicles, net | 48,207 | 46,430 |
Tools, furniture and fixtures | 156,189 | 156,160 |
Accumulated depreciation | (145,012) | (146,682) |
Tools, furniture and fixtures, net | 11,176 | 9,477 |
Land | 16,250 | 16,419 |
Construction in progress | 16,208 | 28,765 |
Total property, plant and equipment | 165,877 | 175,542 |
Intangible assets | 1,303 | 1,559 |
Investments and other assets | ||
Investment securities | 10,986 | 11,759 |
Retirement benefit asset | 1,081 | 996 |
Other | 721 | 1,160 |
Total investments and other assets | 12,789 | 13,916 |
Total non-current assets | 179,970 | 191,019 |
Total assets | 321,386 | 338,382 |
(Millions of yen) | ||
As of March 31, 2025 | As of September 30, 2025 | |
Liabilities | ||
Current liabilities | ||
Accounts payable - trade | 32,395 | 31,955 |
Short-term borrowings | 19,605 | 24,242 |
Current portion of long-term borrowings | 7,883 | 7,608 |
Accounts payable - other | 7,691 | 8,654 |
Income taxes payable | 2,325 | 1,407 |
Provision for bonuses | 1,642 | 2,264 |
Other | 5,831 | 8,312 |
Total current liabilities | 77,375 | 84,445 |
Non-current liabilities | ||
Long-term borrowings | 21,935 | 24,598 |
Retirement benefit liability | 1,251 | 1,212 |
Provision for share awards for directors (and other officers) | 517 | 542 |
Other | 7,949 | 9,150 |
Total non-current liabilities | 31,654 | 35,503 |
Total liabilities | 109,029 | 119,949 |
Net assets | ||
Shareholders' equity | ||
Share capital | 4,656 | 4,656 |
Capital surplus | 23,622 | 23,622 |
Retained earnings | 131,508 | 132,941 |
Treasury shares | (1,975) | (1,953) |
Total shareholders' equity | 157,811 | 159,266 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,596 | 2,102 |
Deferred gains or losses on hedges | - | (10) |
Foreign currency translation adjustment | 37,846 | 41,688 |
Remeasurements of defined benefit plans | 740 | 635 |
Total accumulated other comprehensive income | 40,183 | 44,415 |
Non-controlling interests | 14,361 | 14,751 |
Total net assets | 212,357 | 218,433 |
Total liabilities and net assets | 321,386 | 338,382 |
(Millions of yen) | ||
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Net sales | 167,395 | 154,510 |
Cost of sales | 153,427 | 141,097 |
Gross profit | 13,967 | 13,413 |
Selling, general and administrative expenses | 8,611 | 8,946 |
Operating profit | 5,356 | 4,466 |
Non-operating income | ||
Interest income | 394 | 443 |
Dividend income | 142 | 125 |
Foreign exchange gains | - | 12 |
Share of profit of entities accounted for using equity method | 528 | 447 |
Gain on sale of scraps | 117 | 148 |
Other | 178 | 202 |
Total non-operating income | 1,361 | 1,379 |
Non-operating expenses | ||
Interest expenses | 369 | 548 |
Foreign exchange losses | 811 | - |
Other | 37 | 57 |
Total non-operating expenses | 1,218 | 606 |
Ordinary profit | 5,499 | 5,239 |
Extraordinary income | ||
Gain on sale of non-current assets | 30 | 41 |
Gain on sale of investment securities | - | 0 |
Total extraordinary income | 30 | 41 |
Extraordinary losses | ||
Loss on sale of non-current assets | 4 | 19 |
Loss on retirement of non-current assets | 327 | 76 |
Extra payments for early retirements | 256 | 198 |
Total extraordinary losses | 587 | 293 |
Profit before income taxes | 4,941 | 4,987 |
Income taxes | 1,034 | 1,255 |
Profit | 3,907 | 3,732 |
Profit (loss) attributable to non-controlling interests | 7 | 130 |
Profit attributable to owners of parent | 3,899 | 3,601 |
(Millions of yen) | ||
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Profit | 3,907 | 3,732 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (997) | 505 |
Deferred gains or losses on hedges | - | (10) |
Foreign currency translation adjustment | (1,669) | 4,345 |
Remeasurements of defined benefit plans, net of tax | (85) | (105) |
Share of other comprehensive income of entities accounted for using equity method | (324) | (29) |
Total other comprehensive income | (3,077) | 4,706 |
Comprehensive income | 830 | 8,438 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 710 | 7,833 |
Comprehensive income attributable to non-controlling interests | 119 | 604 |
(Millions of yen) | ||
Six months ended September 30, 2024 | Six months ended September 30, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 4,941 | 4,987 |
Depreciation | 9,782 | 9,580 |
Decrease (increase) in retirement benefit asset and liability | (150) | (164) |
Increase (decrease) in provision for bonuses | 831 | 578 |
Interest and dividend income | (536) | (568) |
Interest expenses | 369 | 548 |
Share of loss (profit) of entities accounted for using equity method | (528) | (447) |
Loss (gain) on sale of investment securities | - | (0) |
Loss (gain) on sale and retirement of non-current assets | 301 | 53 |
Extra payments for early retirements | 256 | 198 |
Decrease (increase) in trade receivables | 484 | 4,470 |
Decrease (increase) in inventories | (4,359) | (7,880) |
Increase (decrease) in trade payables | 2,037 | (923) |
Increase/decrease in consumption taxes payable/consumption taxes refund receivable | 398 | (384) |
Increase (decrease) in advances received | 134 | 4,137 |
Increase (decrease) in accounts payable - other | (929) | 996 |
Other, net | (656) | 158 |
Subtotal | 12,377 | 15,340 |
Interest and dividends received | 702 | 1,034 |
Interest paid | (363) | (516) |
Extra payments for early retirements paid | (256) | (198) |
Income taxes refund (paid) | (1,828) | (3,538) |
Net cash provided by (used in) operating activities | 10,632 | 12,121 |
Cash flows from investing activities | ||
Net decrease (increase) in time deposits | (6,005) | (3,603) |
Purchase of property, plant and equipment | (11,600) | (16,535) |
Proceeds from sale of property, plant and equipment | 35 | 85 |
Purchase of intangible assets | (190) | (383) |
Purchase of investment securities | (74) | (66) |
Proceeds from sale of investment securities | - | 0 |
Other, net | (3) | (2) |
Net cash provided by (used in) investing activities | (17,839) | (20,506) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (2,410) | 4,444 |
Proceeds from long-term borrowings | 6,598 | 7,433 |
Repayments of long-term borrowings | (5,254) | (5,161) |
Repayments of finance lease liabilities | (52) | (176) |
Dividends paid | (1,518) | (2,168) |
Dividends paid to non-controlling interests | (208) | (214) |
Net cash provided by (used in) financing activities | (2,846) | 4,157 |
Effect of exchange rate change on cash and cash equivalents | 241 | 680 |
Net increase (decrease) in cash and cash equivalents | (9,812) | (3,547) |
Cash and cash equivalents at beginning of period | 32,846 | 31,201 |
Cash and cash equivalents at end of period | 23,033 | 27,653 |