Summary of Consolidated Financial Results for the Year Ended March 31, 2026 170.61 KB

As of March 31, 2026 61,772,500 shares

As of March 31, 2025 61,772,500 shares

As of March 31, 2026 202,275 shares

As of March 31, 2025 202,085 shares

Year ended March 31, 2026 61,570,357 shares

Year ended March 31, 2025 61,570,342 shares

Cash and deposits

8,445

9,026

Notes receivable - trade

303

70

Accounts receivable - trade

17,858

18,865

Electronically recorded monetary claims - operating

3,596

3,118

Accounts receivable from completed construction contracts

8,263

6,190

Merchandise and finished goods

2,365

2,345

Work in process

566

717

Costs on construction contracts in progress

93

113

Raw materials and supplies

1,565

1,344

Other

3,044

3,769

Allowance for doubtful accounts

(42)

(26)

Total current assets

46,060

45,537

Non-current assets

Property, plant and equipment

Buildings and structures

21,968

21,644

Accumulated depreciation

(12,158)

(12,051)

Buildings and structures, net

9,809

9,593

Machinery, equipment and vehicles

8,058

8,567

Accumulated depreciation

(6,966)

(7,480)

Machinery, equipment and vehicles, net

1,091

1,086

Tools, furniture and fixtures

2,163

2,273

Accumulated depreciation

(1,720)

(1,782)

Tools, furniture and fixtures, net

442

491

Land

4,058

4,059

Leased assets

2,025

2,307

Accumulated depreciation

(1,151)

(1,254)

Leased assets, net

873

1,052

Construction in progress

189

129

Total property, plant and equipment

16,465

16,412

Intangible assets

Software

667

849

Leased assets

212

148

Telephone subscription right

36

36

Other

70

44

Total intangible assets

985

1,078

Investments and other assets

Investment securities

27,440

36,183

Guarantee deposits

1,427

1,438

Deferred tax assets

297

141

Other

868

792

Allowance for doubtful accounts

(50)

(53)

Total investments and other assets

29,984

38,504

Total non-current assets

47,436

55,994

Total assets

93,496

101,531

Notes and accounts payable - trade

11,146

12,180

Electronically recorded obligations - operating

1,772

1,861

Accounts payable for construction contracts

2,342

2,198

Short-term borrowings

14,085

8,505

Lease liabilities

358

438

Income taxes payable

766

851

Accrued consumption taxes

593

411

Advances received on construction contracts in progress

154

348

Provision for bonuses for directors (and other officers)

222

269

Provision for loss on orders received

4

15

Provision for warranties for completed construction

15

63

Provision for product warranties

284

-

Provision for shareholder benefit program

73

67

Other

4,967

6,490

Total current liabilities

36,786

33,702

Non-current liabilities

Long-term borrowings

2,464

1,717

Deposit received for guarantee

144

145

Lease liabilities

826

899

Deferred tax liabilities

4,317

6,732

Provision for retirement benefits for directors (and other officers)

591

547

Retirement benefit liability

380

420

Asset retirement obligations

279

286

Other

133

113

Total non-current liabilities

9,137

10,863

Total liabilities

45,924

44,565

Net assets

Shareholders' equity

Share capital

4,808

4,808

Capital surplus

3,390

3,383

Retained earnings

28,160

31,141

Treasury shares

(42)

(43)

Total shareholders' equity

36,316

39,291

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

10,508

16,628

Deferred gains or losses on hedges

0

18

Foreign currency translation adjustment

508

778

Remeasurements of defined benefit plans

44

52

Total accumulated other comprehensive income

11,062

17,478

Non-controlling interests

192

196

Total net assets

47,572

56,965

Total liabilities and net assets

93,496

101,531

(Millions of yen)

Fiscal year ended

Fiscal year ended

March 31, 2025

March 31, 2026

Net sales

103,072

117,531

Cost of sales

83,207

94,820

Gross profit

19,864

22,711

Selling, general and administrative expenses

Commission Charges

1,715

1,892

Freight and incidental costs

1,207

1,263

Travel and transportation expenses

662

725

Remuneration for directors (and other officers)

614

648

Employees' salaries

4,612

5,013

Employees' bonuses

1,727

2,148

Retirement benefit expenses

261

272

Provision for bonuses for directors (and other officers)

226

276

Provision for retirement benefits for directors (and other officers)

83

87

Welfare expenses

1,533

1,691

Rent expenses

1,383

1,453

Depreciation

722

869

Other

3,039

2,989

Total selling, general and administrative expenses

17,790

19,331

Operating profit

2,074

3,379

Non-operating income

Interest income

51

69

Dividend income

514

608

Share of profit of entities accounted for using equity method

158

394

Purchase discounts

68

78

Rent income

155

155

Foreign exchange gains

106

90

Other

143

154

Total non-operating income

1,197

1,551

Non-operating expenses

Interest expenses

172

182

Rent expenses

114

118

Loss on investments in investment partnerships

207

14

Provision of allowance for doubtful accounts

49

53

Other

69

42

Total non-operating expenses

614

411

Ordinary profit

2,656

4,519

Fiscal year ended

March 31, 2025

Fiscal year ended

March 31, 2026

Extraordinary income

Gain on sale of non-current assets

316

157

Gain on sale of investment securities

527

791

Gain on sale of shares of subsidiaries and associates

-

104

Gain on liquidation of subsidiaries and associates

-

10

Subsidy income

204

181

Gain on change in equity

69

1

Gain on extinguishment of tie-in shares

22

-

Total extraordinary income

1,140

1,248

Extraordinary losses

Loss on sale of non-current assets

1

0

Loss on retirement of non-current assets

152

4

Loss on sale of investment securities

6

-

Loss on valuation of investment securities

-

315

Loss on valuation of investments in capital of subsidiaries and

-

220

associates

Impairment losses

12

208

Loss on revision of retirement benefit plan

47

-

Total extraordinary losses

220

749

Profit before income taxes

3,576

5,018

Income taxes - current

1,384

1,579

Income taxes - deferred

(272)

(210)

Total income taxes

1,112

1,369

Profit

2,463

3,649

Profit attributable to non-controlling interests

23

21

Profit attributable to owners of parent

2,440

3,627

Consolidated statements of comprehensive income

(Millions of yen)

Fiscal year ended

Fiscal year ended

March 31, 2025

March 31, 2026

Profit

2,463

3,649

Other comprehensive income

Valuation difference on available-for-sale securities

(1,387)

6,047

Deferred gains or losses on hedges

(17)

18

Foreign currency translation adjustment

(190)

271

Share of other comprehensive income of entities accounted

39

79

for using equity method

Total other comprehensive income

(1,556)

6,417

Comprehensive income

907

10,066

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

887

10,043

Comprehensive income attributable to non-controlling

20

22

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of period

4,808

3,357

26,274

(42)

34,396

Changes during period

Dividends of surplus

(554)

(554)

Profit attributable to owners of

parent

2,440

2,440

Purchase of treasury shares

(0)

(0)

Disposal of treasury shares

0

0

0

Change in ownership interest

of parent due to transactions with non-controlling interests

33

33

Net changes in items other

than shareholders' equity

Total changes during period

-

33

1,886

0

1,919

Balance at end of period

4,808

3,390

28,160

(42)

36,316

Accumulated other comprehensive income

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Remeasurements of defined benefit plans

Total accumulated other comprehensive

income

Balance at beginning of period

11,878

18

695

23

12,615

143

47,156

Changes during period

Dividends of surplus

(554)

Profit attributable to owners of

parent

2,440

Purchase of treasury shares

(0)

Disposal of treasury shares

0

Change in ownership interest

of parent due to transactions with non-controlling interests

33

Net changes in items other

than shareholders' equity

(1,369)

(17)

(187)

21

(1,553)

49

(1,504)

Total changes during period

(1,369)

(17)

(187)

21

(1,553)

49

415

Balance at end of period

10,508

0

508

44

11,062

192

47,572

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of period

4,808

3,390

28,160

(42)

36,316

Changes during period

Dividends of surplus

(646)

(646)

Profit attributable to owners of

parent

3,627

3,627

Purchase of treasury shares

(0)

(0)

Disposal of treasury shares

0

0

0

Change in Equity due to

Acquisition of Treasury Stock of Consolidated Subsidiaries

(6)

(6)

Net changes in items other

than shareholders' equity

Total changes during period

-

(6)

2,981

(0)

2,974

Balance at end of period

4,808

3,383

31,141

(43)

39,291

Accumulated other comprehensive income

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Remeasurements of defined benefit plans

Total accumulated other comprehensive

income

Balance at beginning of period

10,508

0

508

44

11,062

192

47,572

Changes during period

Dividends of surplus

(646)

Profit attributable to owners of

parent

3,627

Purchase of treasury shares

(0)

Disposal of treasury shares

0

Change in Equity due to Acquisition of Treasury Stock

of Consolidated Subsidiaries

(6)

Net changes in items other

than shareholders' equity

6,119

18

270

8

6,415

3

6,419

Total changes during period

6,119

18

270

8

6,415

3

9,393

Balance at end of period

16,628

18

778

52

17,478

196

56,965

Share of loss (profit) of entities accounted for using equity

method

(158) (394)

Loss (gain) on investments in investment partnerships

207

14

Loss (gain) on valuation of investment securities

-

315

Increase (decrease) in allowance for doubtful accounts

1

(12)

Increase (decrease) in provision for retirement benefits for

directors (and other officers)

77 (44)

Increase (decrease) in retirement benefit liability

(83)

35

Increase (decrease) in provision for loss on orders received

(13)

10

Increase (decrease) in provision for product warranties

284

(284)

Increase (decrease) in provision for shareholder benefit program

14

(5)

Interest and dividend income

(565)

(677)

Interest expenses

172

182

Loss (gain) on sale of investment securities

(521)

(791)

Loss (gain) on sale of non-current assets

(315)

(156)

Loss on retirement of non-current assets

152

4

Loss (gain) on sale of shares of subsidiaries and associates

-

(104)

Loss on valuation of investments in capital of subsidiaries and associates

-

220

Subsidy income

(204)

(181)

Loss (gain) on change in equity

(69)

(1)

Loss (gain) on extinguishment of tie-in shares

(22)

-

Loss (gain) on liquidation of subsidiaries and associates

-

(10)

Decrease (increase) in trade receivables

67

1,869

Decrease (increase) in inventories

974

123

Increase (decrease) in trade payables

(783)

924

Other, net

229

945

Subtotal

5,085

9,402

Interest and dividends received

582

695

Interest paid

(181)

(181)

Income taxes paid

(1,454)

(1,535)

Subsidies received

204

181

Net cash provided by (used in) operating activities

4,236

8,562

Fiscal year ended

March 31, 2025

Fiscal year ended

March 31, 2026

Cash flows from investing activities

Payments into time deposits

(131)

(155)

Proceeds from withdrawal of time deposits

246

263

Purchase of property, plant and equipment

(1,873)

(1,244)

Proceeds from sale of property, plant and equipment

139

344

Purchase of intangible assets

(269)

(482)

Purchase of investment securities

(489)

(71)

Proceeds from sale of investment securities

1,175

1,036

Proceeds from sale of shares of subsidiaries and associates

-

104

Proceeds from liquidation of associated companies

-

22

Loan advances

(50)

(133)

Proceeds from collection of loans receivable

3

3

Other, net

(231)

(346)

Net cash provided by (used in) investing activities

(1,481)

(660)

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

(1,830)

(4,303)

Repayments of finance lease liabilities

(404)

(422)

Proceeds from long-term borrowings

817

571

Repayments of long-term borrowings

(1,240)

(2,593)

Repayments of installment payables

(41)

(22)

Dividends paid

(554)

(646)

Dividends paid to non-controlling interests

(0)

(0)

Purchase of treasury shares

(0)

(0)

Proceeds from sale of treasury shares

0

0

Other, net

51

-

Net cash provided by (used in) financing activities

(3,203)

(7,418)

Effect of exchange rate change on cash and cash equivalents

(68)

104

Net increase (decrease) in cash and cash equivalents

(517)

587

Cash and cash equivalents at beginning of period

7,717

7,282