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.
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2025 [Japanese GAAP]
August 8, 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 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 (April 1, 2025 to June 30, 2025)
Consolidated Operating Results (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
12,251
24.9
(1,644)
-
(1,218)
-
(815)
-
June 30, 2024
9,808
(8.4)
(1,467)
-
(1,138)
-
(1,116)
-
(Note) Comprehensive income:
Three months ended June 30, 2025:
¥
(589)
million
[
-%]
Three months ended June 30, 2024:
¥
(1,519)
million
[
-%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
(13.04)
-
June 30, 2024
(17.81)
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
Millions of yen
Millions of yen
%
June 30, 2025
118,632
49,802
42.0
March 31, 2025
126,005
51,711
41.0
(Reference) Equity: As of June 30, 2025:
¥
49,802 million
As of March 31, 2025:
¥
51,711 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
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
-
Fiscal year ending March 31, 2026
(Forecast)
5.00
-
18.00
23.00
(Note) Revision to the forecast for dividends announced most recently: None
Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026(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 | |||||
Six months ending September 30, 2025 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
30,700 | 17.2 | (1,650) | - | (1,350) | - | (920) | - | (14.67) | |
Full year | 86,000 | 0.7 | 4,700 | (23.1) | 5,000 | (24.8) | 3,500 | (26.8) | 55.81 |
(Note) Revision to the financial results forecast announced most recently: None
* Notes:
(1) Significant changes in the scope of consolidation during the period: | None | |||
Newly included: | - | (Company name: | - | ) |
Excluded: | - | (Company name: | - | ) |
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: | Yes |
(3) Changes in accounting policies, changes in accounting estimates, and restatement | ||||
1) Changes in accounting policies due to revisions to accounting standards and other regulations: | None | |||
2) Changes in accounting policies due to other reasons: | None | |||
3) Changes in accounting estimates: | None | |||
4) Restatement: | None | |||
(4) Number of issued shares (common shares) | ||
1) Total number of issued shares at the end of the period (including treasury shares): | ||
June 30, 2025: | 62,844,251 | shares |
March 31, 2025: | 62,844,251 | shares |
2) Number of treasury shares at the end of the period: | ||
June 30, 2025: | 520,420 | shares |
March 31, 2025: | 127,015 | shares |
3) Average number of shares outstanding during the period: | ||
Three months ended June 30, 2025: | 62,526,597 | shares |
Three months ended June 30, 2024: | 62,717,288 | shares |
* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public | |
accountants or an audit firm: | Yes(voluntary) |
* 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.
Quarterly Consolidated Financial Statements
(1) Quarterly Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Assets
Cash and deposits 8,170 7,766
Current assets
Notes and accounts receivable - trade, and contract assets | 28,149 | 13,996 |
Electronically recorded monetary claims - operating | 2,682 | 2,047 |
Finished goods | 4,889 | 5,958 |
Semi-finished goods | 11,947 | 12,874 |
Work in process | 33,364 | 36,171 |
Raw materials and supplies | 434 | 457 |
Other | 3,195 | 4,461 |
Total current assets | 92,833 | 83,734 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 9,406 | 9,292 |
Other, net | 4,838 | 4,827 |
Total property, plant and equipment | 14,245 | 14,119 |
Intangible assets | 449 | 431 |
Investments and other assets | ||
Investment securities | 11,991 | 12,351 |
Deferred tax assets | 4,130 | 4,423 |
Retirement benefit asset | 0 | 635 |
Other | 2,363 | 2,946 |
Allowance for doubtful accounts | (9) | (9) |
Total investments and other assets | 18,477 | 20,346 |
Total non-current assets | 33,171 | 34,898 |
Total assets | 126,005 | 118,632 |
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade 9,410 6,000
Electronically recorded obligations - operating 3,021 3,641
Contract liabilities 13,786 15,124
Short-term borrowings 15,700 18,100
Current portion of long-term borrowings 5,500 2,500
Income taxes payable 2,482 643
Provision for bonuses for directors (and other officers)
250
29
Provision for loss on orders received 1,223 1,396
Provision for product warranties 95 64
Other 6,967 5,433
Total current liabilities 58,437 52,934 Non-current liabilities
Long-term borrowings 11,800 11,150
Retirement benefit liability 3,350 3,985
Asset retirement obligations 123 123
Provision for product warranties 31 30
Provision for share-based payments - 12
Deferred tax liabilities 6 13
Other 543 580
Total non-current liabilities 15,855 15,895
Total liabilities 74,293 68,830
Net assets
Shareholders' equity
Share capital 6,270 6,270
Capital surplus 4,625 4,625
Retained earnings 36,400 34,455
Treasury shares (45) (235)
Total shareholders' equity 47,251 45,116 Accumulated other comprehensive income
Valuation difference on available-for-sale securities
3,152 3,425
Foreign currency translation adjustment 614 612
Remeasurements of defined benefit plans 693 648
Total accumulated other comprehensive income 4,460 4,686
Total net assets 51,711 49,802
Total liabilities and net assets 126,005 118,632
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income
For the three months ended June 30, 2025
(Millions of yen)
For the three months
For the three months
ended June 30, 2024
ended June 30, 2025
Net sales
9,808
12,251
Cost of sales
8,312
10,543
Gross profit
1,496
1,707
Selling, general and administrative expenses
Salaries and allowances
865
894
Bonuses
239
330
Provision for bonuses for directors (and other officers)
18
54
Provision for share-based payments
-
12
Retirement benefit expenses
42
38
Depreciation
85
82
Packing and delivery expenses
244
255
Other
1,468
1,682
Total selling, general and administrative expenses
2,964
3,352
Operating loss
(1,467)
(1,644)
Non-operating income
Dividend income
92
99
Insurance claim income
167
180
Share of profit of entities accounted for using equity
method
Foreign exchange gains
66
106
Other
51
53
Total non-operating income
417
505
Non-operating expenses
Interest expenses
41
71
Financing expenses
36
6
Other
10
2
Total non-operating expenses
88
79
Ordinary loss
(1,138)
(1,218)
Extraordinary income
Gain on sale of non-current assets
0
-
Gain on sale of investment securities
5
69
Total extraordinary income
5
69
Extraordinary losses
Loss on sale and retirement of non-current assets
1
0
Total extraordinary losses
1
0
Loss before income taxes
(1,135)
(1,149)
Income taxes
(18)
(333)
Loss
(1,116)
(815)
Loss attributable to non-controlling interests
-
-
Loss attributable to owners of parent
(1,116)
(815)
39 65
Quarterly Consolidated Statement of Comprehensive Income For the three months ended June 30, 2025
For the three months ended June 30, 2024
(Millions of yen)
For the three months ended June 30, 2025
Loss (1,116) (815)
Valuation difference on available-for-sale securities (706) 273
Other comprehensive income
Remeasurements of defined benefit plans, net of tax (30) (45)
Foreign currency translation adjustment 251 57
Share of other comprehensive income of entities accounted for using equity method | 83 | (59) |
Total other comprehensive income | (402) | 225 |
Comprehensive income | (1,519) | (589) |
Comprehensive income attributable to |
Comprehensive income attributable to owners of parent
(1,519) (589)
Comprehensive income attributable to non-controlling interests
-
-
Quarterly Consolidated Statement of Cash Flows
Cash flows from operating activities
For the three months ended June 30, 2024
(Millions of yen)
For the three months ended June 30, 2025
Loss before income taxes (1,135) (1,149)
Depreciation 475 450
Increase (decrease) in retirement benefit liability (74) 139
Share of loss (profit) of entities accounted for using equity method
(39)
(65)
Loss (gain) on sale of investment securities (5) (69)
Interest and dividend income (114) (118)
Interest expenses 41 71
Decrease (increase) in trade receivables 13,667 14,736
Decrease (increase) in inventories (7,026) (4,775)
Increase (decrease) in trade payables (1,259) (2,762)
Increase (decrease) in contract liabilities 2,097 1,338
Other, net (2,357) (3,521)
Subtotal 4,270 4,272
Interest and dividends received 116 120
Interest paid (58) (82)
Income taxes paid (1,310) (1,798)
Net cash provided by (used in) operating activities 3,017 2,511 Cash flows from investing activities
Payments into time deposits (1,173) (1,026)
Purchase of investment securities (3) (2)
Proceeds from sale of investment securities 7 96
Purchase of property, plant and equipment (142) (203)
Proceeds from sale of property, plant and equipment 0 -
Purchase of intangible assets (15) (32)
Other, net (118) (132)
Net cash provided by (used in) investing activities (1,445) (1,301) Cash flows from financing activities
Net increase (decrease) in short-term borrowings (4,100) 2,400
Proceeds from long-term borrowings 5,000 -
Repayments of long-term borrowings (5,650) (3,650)
Dividends paid (941) (1,129)
Other, net (48) (246)
Net cash provided by (used in) financing activities (5,739) (2,625)
Effect of exchange rate change on cash and cash equivalents
135
(7)
Net increase (decrease) in cash and cash equivalents (4,031) (1,423)
Cash and cash equivalents at beginning of period 9,183 8,132
Cash and cash equivalents at end of period 5,151 6,709