DISCLAIMER: This document has been translated from a part of 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.
July 31, 2025
Company name: Inaba Denki Sangyo Co., Ltd. Listing: Tokyo Stock Exchange
Securities code: 9934
URL: https://www.inaba.co.jp
Representative: Masayuki Tamagaki, President and Representative Director
Inquiries: Naoto Mizokoshi, Director and Executive Officer, Administrative Headquarters Telephone: +81-6-4391-1781
Scheduled date to commence dividend payments: -
Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
-
Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
Note: Comprehensive income For the three months ended June 30, 2025:
¥6,280 million
[33.0%]
For the three months ended June 30, 2024:
¥4,723 million
[(12.5)%]
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
June 30, 2025
87,501
6.6
5,679
4.7
6,622
8.0
4,713
10.5
June 30, 2024
82,113
10.5
5,426
21.9
6,133
20.2
4,267
18.0
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
83.97
83.16
June 30, 2024
76.17
75.17
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
Millions of yen
Millions of yen
%
June 30, 2025
272,345
174,959
64.0
March 31, 2025
278,983
173,023
61.8
Reference: Equity
As of June 30, 2025: ¥174,354 million
As of March 31, 2025: ¥172,429 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31, 2025
-
60.00
-
80.00
140.00
Fiscal year ending March 31, 2026
-
Fiscal year ending March 31, 2026 (Forecast)
70.00
-
70.00
140.00
Note: Revisions to the forecast of cash dividends most recently announced: None
- Forecast of consolidated financial results for the fiscal 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 | Basic earnings per share | |||||
Fiscal year ending March 31, 2026 | Millions of yen 392,000 | % 2.1 | Millions of yen 26,700 | % 4.5 | Millions of yen 27,400 | % 2.6 | Millions of yen 19,400 | % 3.3 | Yen 345.71 |
Note: Revisions to the earnings forecasts most recently announced: None
* NotesSignificant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of quarterly 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: 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 June 30, 2025
56,829,800 shares
As of March 31, 2025
56,824,200 shares
Number of treasury shares at the end of the period
As of June 30, 2025
664,004 shares
As of March 31, 2025
707,604 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2025 | 56,135,770 shares |
Three months ended June 30, 2024 | 56,029,965 shares |
* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None
Quarterly consolidated balance sheet | |||
(Millions of yen) | |||
As of March 31, 2025 | As of June 30, 2025 | ||
Assets | |||
Current assets | |||
Cash and deposits | 62,062 | 69,034 | |
Notes and accounts receivable - trade, and contract assets | 76,507 | 57,634 | |
Electronically recorded monetary claims - operating | 33,751 | 34,424 | |
Securities | 15,000 | 15,000 | |
Merchandise and finished goods | 22,680 | 26,112 | |
Work in process | 367 | 337 | |
Raw materials and supplies | 2,763 | 2,794 | |
Other | 2,591 | 1,341 | |
Allowance for doubtful accounts | (3) | (3) | |
Total current assets | 215,720 | 206,676 | |
Non-current assets | |||
Property, plant and equipment | |||
Land | 14,099 | 14,095 | |
Other, net | 7,336 | 7,335 | |
Total property, plant and equipment | 21,435 | 21,430 | |
Intangible assets | 2,673 | 2,905 | |
Investments and other assets | |||
Investment securities | 19,974 | 22,428 | |
Other | 19,185 | 18,913 | |
Allowance for doubtful accounts | (5) | (8) | |
Total investments and other assets | 39,154 | 41,333 | |
Total non-current assets | 63,262 | 65,669 | |
Total assets | 278,983 | 272,345 | |
(Millions of yen)
As of March 31, 2025 | As of June 30, 2025 | |||
Liabilities | ||||
Current liabilities | ||||
Electronically recorded obligations - operating | 7,330 | 7,517 | ||
Accounts payable - trade | 75,028 | 65,204 | ||
Short-term borrowings | 232 | 220 | ||
Income taxes payable | 4,941 | 2,464 | ||
Provision for bonuses | 7,363 | 9,100 | ||
Provision for bonuses for directors (and other officers) | 125 | - | ||
Other | 5,169 | 6,912 | ||
Total current liabilities | 100,190 | 91,420 | ||
Non-current liabilities | ||||
Retirement benefit liability | 45 | 55 | ||
Other | 5,724 | 5,910 | ||
Total non-current liabilities | 5,769 | 5,965 | ||
Total liabilities | 105,959 | 97,385 | ||
Net assets | ||||
Shareholders' equity | ||||
Share capital | 14,521 | 14,529 | ||
Capital surplus | 14,729 | 14,737 | ||
Retained earnings | 138,223 | 138,395 | ||
Treasury shares | (2,756) | (2,585) | ||
Total shareholders' equity | 164,717 | 165,076 | ||
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale securities | 6,861 | 8,540 | ||
Deferred gains or losses on hedges | (0) | (0) | ||
Foreign currency translation adjustment | 851 | 738 | ||
Total accumulated other comprehensive income | 7,711 | 9,278 | ||
Share acquisition rights | 593 | 604 | ||
Total net assets | 173,023 | 174,959 | ||
Total liabilities and net assets | 278,983 | 272,345 |
Quarterly consolidated statement of income | (Millions of yen) | ||
Three months ended June 30, 2024 | Three months ended June 30, 2025 | ||
Net sales | 82,113 | 87,501 | |
Cost of sales | 67,168 | 71,241 | |
Gross profit | 14,945 | 16,259 | |
Selling, general and administrative expenses | 9,519 | 10,580 | |
Operating profit | 5,426 | 5,679 | |
Non-operating income | |||
Interest income | 24 | 80 | |
Dividend income | 505 | 911 | |
Other | 199 | 70 | |
Total non-operating income | 728 | 1,061 | |
Non-operating expenses | |||
Interest expenses | 4 | 5 | |
Loss on cancellation of insurance policies | 6 | 20 | |
Foreign exchange losses | - | 86 | |
Other | 10 | 5 | |
Total non-operating expenses | 21 | 118 | |
Ordinary profit | 6,133 | 6,622 | |
Extraordinary income | |||
Gain on sale of non-current assets | 0 | 0 | |
Total extraordinary income | 0 | 0 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 1 | 0 | |
Loss on sale of non-current assets | - | 0 | |
Total extraordinary losses | 1 | 0 | |
Profit before income taxes | 6,132 | 6,622 | |
Income taxes - current | 2,250 | 2,375 | |
Income taxes - deferred | (385) | (467) | |
Total income taxes | 1,865 | 1,908 | |
Profit | 4,267 | 4,713 | |
Profit attributable to owners of parent | 4,267 | 4,713 |
Quarterly consolidated statement of comprehensive income | (Millions of yen) | ||
Three months ended June 30, 2024 | Three months ended June 30, 2025 | ||
Profit | 4,267 | 4,713 | |
Other comprehensive income | |||
Valuation difference on available-for-sale securities | 358 | 1,679 | |
Deferred gains or losses on hedges | 2 | 0 | |
Foreign currency translation adjustment | 95 | (112) | |
Total other comprehensive income | 455 | 1,566 | |
Comprehensive income | 4,723 | 6,280 | |
Comprehensive income attributable to | |||
Comprehensive income attributable to owners of parent | 4,723 | 6,280 |