Note: 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.
November 14, 2025
Company name: Kyosan Electric Manufacturing Co.,Ltd. Listing: Tokyo Stock Exchange
Securities code: 6742
URL: https://www.kyosan.co.jp
Representative: Ryoji Kunisawa Representative Director, President
Inquiries: Aki Sato Financial Management Headquarters
General Manager of Finance & Accounting Dept.
Telephone: +81-45-503-8106
Scheduled date to file semi-annual securities report: November 14, 2025 Scheduled date to commence dividend payments: December 2, 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 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
Six months ended September 30, 2025
September 30, 2024
Millions of yen
31,802
26,186
%
21.4
9.5
Millions of yen
(1,523)
(1,412)
%
-
-
Millions of yen
(1,123)
(1,118)
%
-
-
Millions of yen
(611)
(597)
%
-
-
Note: Comprehensive income
For the six months ended September 30, 2025:
¥
227 million [
-%]
For the six months ended September 30, 2024:
¥
(2,116) million [
-%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
September 30, 2025
(9.83)
-
September 30, 2024
(9.52)
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
September 30, 2025
March 31, 2025
Millions of yen
123,338
126,005
Millions of yen
50,310
51,711
%
40.8
41.0
Reference: Equity
As of September 30, 2025:
¥
50,310 million
As of March 31, 2025:
¥
51,711 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
-
5.00
-
18.00
23.00
Fiscal year ending March 31, 2026
-
5.00
Fiscal year ending March 31, 2026
(Forecast)
-
18.00
23.00
Note: Revisions to the forecast of cash dividends most recently announced: None Note: Breakdown of the second quarter dividend for the fiscal year ending March 31, 2026 :
Commemorative dividend - yen
Special dividend - yen
- Consolidated financial result forecasts 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 | |||||
Full year | Millions of yen 86,000 | % 0.7 | Millions of yen 4,700 | % (23.1) | Millions of yen 5,000 | % (24.8) | Millions of yen 3,500 | % (26.8) | Yen 55.81 |
Note: Revisions to the financial result forecast most recently announced: | None | |
* Notes | ||
(1) Significant changes in the scope of consolidation during the period: | None | |
Newly included: - companies( - Excluded: - companies( - | ) ) |
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes
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 September 30, 2025
62,844,251 shares
As of March 31, 2025
62,844,251 shares
Number of treasury shares at the end of the period
As of September 30, 2025
1,121,820 shares
As of March 31, 2025
127,015 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2025 | 62,206,814 shares |
Six months ended September 30, 2024 | 62,717,271 shares |
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 in this document are based on information currently available to the Company and certain assumptions deemed to be reasonable. Actual results may differ materially from these forecasts due to various factors.
Semi-annual Consolidated Financial Statements
Semi-annual Consolidated Balance Sheet
As of March 31, 2025
As of September 30, 2025
Assets
(Millions of yen)
Current assets
Cash and deposits 8,170 6,505
Notes and accounts receivable - trade, and contract assets | 28,149 | 20,389 |
Electronically recorded monetary claims -operating | 2,682 | 445 |
Finished goods | 4,889 | 5,301 |
Semi-finished goods | 11,947 | 12,782 |
Work in process | 33,364 | 37,913 |
Raw materials and supplies | 434 | 471 |
Other | 3,195 | 4,143 |
Total current assets | 92,833 | 87,952 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,406 | 9,148 |
Other, net | 4,838 | 4,784 |
Total property, plant and equipment | 14,245 | 13,932 |
Intangible assets | 449 | 448 |
Investments and other assets | ||
Investment securities | 11,991 | 13,444 |
Deferred tax assets | 4,130 | 3,967 |
Retirement benefit asset | 0 | 594 |
Other | 2,363 | 3,006 |
Allowance for doubtful accounts | (9) | (9) |
Total investments and other assets | 18,477 | 21,004 |
Total non-current assets | 33,171 | 35,385 |
Total assets | 126,005 | 123,338 |
As of March 31, 2025
As of September 30, 2025
Liabilities
(Millions of yen)
Current liabilities
Notes and accounts payable - trade | 9,410 | 7,245 |
Electronically recorded obligations - operating | 3,021 | 2,772 |
Contract liabilities | 13,786 | 12,420 |
Provision for product warranties | 95 | 183 |
Short-term borrowings | 15,700 | 22,900 |
Current portion of long-term borrowings | 5,500 | 2,700 |
Income taxes payable | 2,482 | 600 |
Provision for bonuses for directors (and other officers) | 250 | 66 |
Provision for loss on orders received | 1,223 | 1,483 |
Other | 6,967 | 5,626 |
Total current liabilities | 58,437 | 55,997 |
Non-current liabilities | ||
Long-term borrowings | 11,800 | 12,250 |
Retirement benefit liability | 3,350 | 4,005 |
Asset retirement obligations | 123 | 123 |
Provision for product warranties | 31 | 29 |
Provision for share-based payments | - | 42 |
Deferred tax liabilities | 6 | 9 |
Other | 543 | 569 |
Total non-current liabilities | 15,855 | 17,030 |
Total liabilities | 74,293 | 73,027 |
Net assets | ||
Shareholders' equity | ||
Share capital | 6,270 | 6,270 |
Capital surplus | 4,625 | 4,625 |
Retained earnings | 36,400 | 34,659 |
Treasury shares | (45) | (545) |
Total shareholders' equity | 47,251 | 45,010 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,152 | 4,102 |
Foreign currency translation adjustment | 614 | 594 |
Remeasurements of defined benefit plans | 693 | 602 |
Total accumulated other comprehensive income | 4,460 | 5,300 |
Total net assets | 51,711 | 50,310 |
Total liabilities and net assets | 126,005 | 123,338 |
Semi-annual Consolidated Statements of Income and Comprehensive Income
Semi-annual Consolidated Statement of Income
(Millions of yen)
For the six months
For the six months
ended September 30, 2024
ended September 30, 2025
Net sales
26,186
31,802
Cost of sales
21,639
26,712
Gross profit
4,547
5,090
Selling, general and administrative expenses
Salaries and allowances
1,735
1,785
Bonuses
512
696
Provision for bonuses for directors (and other officers)
55
92
Provision for share-based payments
-
42
Retirement benefit expenses
82
76
Depreciation
171
167
Packing and delivery expenses
535
540
Other
2,866
3,211
Total selling, general and administrative expenses
5,959
6,613
Operating loss
(1,412)
(1,523)
Non-operating income
Dividend income
103
112
Insurance claim income
167
180
Share of profit of entities accounted for using equity method
182
145
Foreign exchange gains
-
95
Other
97
104
Total non-operating income
551
639
Non-operating expenses
Interest expenses
101
160
Financing expenses
60
55
Foreign exchange losses
78
-
Other
16
24
Total non-operating expenses
257
239
Ordinary loss
(1,118)
(1,123)
Extraordinary income
Gain on sale of non-current assets
0
0
Gain on sale of investment securities
151
307
Total extraordinary income
151
308
Extraordinary losses
Loss on sale and retirement of non-current assets
2
2
Loss on sale of investment securities
2
-
Total extraordinary losses
4
2
Loss before income taxes
(971)
(818)
Income taxes
(373)
(206)
Loss
(597)
(611)
Loss attributable to non-controlling interests
-
-
Loss attributable to owners of parent
(597)
(611)
Semi-annual Consolidated Statement of Comprehensive Income
For the six months ended September 30, 2024
For the six months ended September 30, 2025
Loss (597) (611)
(Millions of yen)
Valuation difference on available-for-sale securities (1,195) 950
Other comprehensive income
Remeasurements of defined benefit plans, net of tax (61) (91)
Foreign currency translation adjustment (161) 26
Share of other comprehensive income of entities accounted for using equity method | (100) | (46) |
Total other comprehensive income | (1,519) | 839 |
Comprehensive income | (2,116) | 227 |
Comprehensive income attributable to |
Comprehensive income attributable to owners of parent
(2,116) 227
Comprehensive income attributable to non-controlling interests
-
-
Semi-annual Consolidated Statement of Cash Flows
For the six months ended September 30, 2024
(Millions of yen)
Share of loss (profit) of entities accounted for using equity method
(182)
(145)
For the six months ended September 30, 2025
Cash flows from operating activities
Depreciation 928 920
Loss before income taxes (971) (818)
Increase (decrease) in retirement benefit liability (19) 170
Interest and dividend income (148) (149)
Loss (gain) on sale of investment securities (149) (307)
Decrease (increase) in trade receivables 10,246 9,923
Interest expenses 101 160
Increase (decrease) in trade payables (1,479) (2,378)
Decrease (increase) in inventories (9,780) (5,788)
Other, net (1,492) (2,239)
Increase (decrease) in contract liabilities 1,672 (1,366)
Interest and dividends received 150 174
Subtotal (1,272) (2,019)
Income taxes paid (1,540) (1,937)
Interest paid (100) (176)
Cash flows from investing activities
Net cash provided by (used in) operating activities (2,763) (3,958)
Proceeds from withdrawal of time deposits 308 36
Payments into time deposits (1,328) (1,056)
Proceeds from sale of investment securities 229 407
Purchase of investment securities (10) (12)
Proceeds from sale of property, plant and equipment 0 0
Purchase of property, plant and equipment (384) (408)
Other, net (223) (703)
Purchase of intangible assets (23) (70)
Cash flows from financing activities
Net cash provided by (used in) investing activities (1,431) (1,806)
Proceeds from long-term borrowings 10,000 2,000
Net increase (decrease) in short-term borrowings (2,600) 7,200
Dividends paid (941) (1,129)
Repayments of long-term borrowings (6,350) (4,350)
Net cash provided by (used in) financing activities 12 3,106
Other, net (96) (614)
Net increase (decrease) in cash and cash equivalents (4,199) (2,678)
Effect of exchange rate change on cash and cash equivalents
(17) (19)
Cash and cash equivalents at beginning of period 9,183 8,132
Cash and cash equivalents at end of period 4,983 5,454