Kanadevia Corporation TSE:7004

Report of Consolidated Financial Results For the Year Ended March 31, 2026[PDF:797.3 KB]

Published

Source: MarketScreener

Report of Consolidated Financial Results

For the Year Ended March 31, 2026

Name of Company: Kanadevia Corporation

May 12, 2026

Code Number:

Stock Exchange Listing:

7004 URL: https://www.kanadevia.com/ Tokyo

Representative: Michi Kuwahara, President & Group Chief Executive Officer

Contact Person: Shunji Kimura, Executive Officer, General Manager of Accounting Department

tel. +81-6-6569-0022

This "Consolidated Financial Results" has been prepared in accordance with accounting principles generally accepted in Japan.

(Figures are rounded down to the nearest million yen.)

  1. Business results and financial position for the fiscal year (April 1, 2025 - March 31, 2026)

    1. Results of operations (Accumulated)

      (Percentages show rates of increase or decrease from the period a year earlier.)

      Net sales

      (million yen) (%)

      Operating income

      (million yen) (%)

      Ordinary income

      (million yen) (%)

      Profit attributable to

      shareholders of Kanadevia (million yen) (%)

      Year ended March 31, 2026

      645,222

      5.7

      12,192

      (54.8)

      13,621

      (44.0)

      11,137

      (49.6)

      Year ended March 31, 2025

      610,523

      9.8

      26,946

      10.8

      24,329

      (5.1)

      22,103

      16.3

      Net income per share

      (yen)

      Net income per share-diluted

      (yen)

      Return on equity

      (％)

      Return on assets

      (％)

      Operating income to net sales

      (％)

      Year ended March 31, 2026

      66.20

      -

      5.8

      2.1

      1.9

      Year ended

      March 31, 2025

      131.33

      -

      12.6

      4.3

      4.4

      (Reference) Equity in net income of nonconsolidated subsidiaries and affiliates: Yen 2,717 million (March 31, 2026), Yen 645 million (March 31, 2025)

    2. Financial position

      Total assets

      (million yen)

      Net assets

      (million yen)

      Shareholders' equity to total assets

      (%)

      Shareholders' equity per share

      (yen)

      Year ended March 31, 2026

      718,640

      203,400

      27.4

      1,169.89

      Year ended

      March 31, 2025

      609,666

      197,895

      31.1

      1,125.91

      (Reference) Shareholders' equity: Yen 196,812 million (March 31, 2026), Yen 189,364 million (March 31, 2025)

    3. Cash flows

    From operating activities

    (million yen)

    From investing activities

    (million yen)

    From financing activities

    (million yen)

    Cash and cash equivalents at end of year

    (million yen)

    Year ended March 31, 2026

    11,647

    (48,035)

    41,544

    77,304

    Year ended

    March 31, 2025

    24,769

    (56,573)

    30,150

    68,707

  2. Dividends

    Dividends per share

    Total amount of dividend payment

    (million yen)

    Dividend payout ratio (Consolidated)

    (%)

    Dividend to net assets ratio (Consolidated)

    (%)

    (Record Date)

    Interim

    (yen)

    Year-end

    (yen)

    Annual

    (yen)

    Year ended March 31, 2025

    0.00

    25.00

    25.00

    4,212

    19.0

    2.4

    Year ended March 31, 2026

    0.00

    25.00

    25.00

    4,212

    37.8

    2.2

    Year ending March 31, 2027 (Forecast)

    0.00

    38.00

    38.00

    -

    30.5

    -

  3. Forecast of consolidated earnings for the fiscal year ending March 31, 2027 (April 1, 2026 - March 31, 2027)

    (Percentages show rates of increase or decrease from the period a year earlier.)

    Net sales

    (million yen) (%)

    Operating income

    (million yen) (%)

    Ordinary income

    (million yen) (%)

    Profit attributable to shareholders of Kanadevia

    (million yen) (%)

    Net income per share - basic (yen)

    Year ending March 31, 2026

    640,000

    (0.8)

    25,500

    109.2

    22,000

    61.5

    21,000

    88.6

    124.83

  4. Notes

  1. Changes in major subsidiaries during the period: Yes

    Excluded: H&F Corporation, H&F SERVICES U.S.A., INC., H&F Services(Thailand) Co.,Ltd., H&F EUROPE LIMITED, Hitachi Zosen Marine Engine Co., Ltd.

  2. Changes in accounting policies, changes in accounting estimates and restatements

    1. Changes in accounting policies as per the revision of accounting standards: None

    2. Changes in accounting policies other than (i) above: None

    3. Changes in accounting estimates: None

    4. Restatements: None

  3. Number of shares issued and outstanding (common stock)

    1. Number of shares issued and outstanding (including treasury stock) March 31, 2026 170,214,843 shares

      March 31, 2025 170,214,843 shares

    2. Number of shares held in treasury

      March 31, 2026 1,984,270 shares

      March 31, 2025 2,026,463 shares

    3. Average number of shares during the respective periods March 31, 2026 168,231,503 shares

      March 31, 2025 168,299,597 shares

      (Note) The number of treasury stock at end of period includes the Company's shares held by the BIP (Board Incentive Plan) Trust established for the remuneration plan for the Company's directors, etc. (271,016 shares as of March 31, 2026, 329,630 shares as of March 31, 2025). The Company's shares held by the BIP Trust are included in the number of shares of treasury stock which are deducted from the number of shares when calculating the average number of shares outstanding during the period.

  4. This report is out of scope of Statutory Audit.

  5. This report includes forward-looking statements. These forward-looking statements are based on the current assumptions and beliefs of Kanadevia Corporation in light of the information currently available to it, and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause

Kanadevia Corporation's actual results, performance, achievements or financial position to be materially different from any future, performance, achievements or financial position expressed or implied by these forward-looking statements.

As of March 31, 2025 As of March 31, 2026

Assets

Current assets

Cash and deposits 70,763 78,010

Notes and accounts receivable - trade, and

contract assets

228,020

261,165

Securities

1

1

Merchandise and finished goods

2,049

2,442

Work in process

8,261

7,935

Raw materials and supplies

12,772

12,240

Other

36,135

62,982

Allowance for doubtful accounts

(889)

(1,623)

Total current assets

357,114

423,152

Non-current assets

Property, plant and equipment

Buildings and structures

96,434

81,236

Accumulated depreciation

(55,400)

(51,324)

Buildings and structures, net

41,034

29,912

Machinery, equipment and vehicles

106,407

118,049

Accumulated depreciation

(84,928)

(77,540)

Machinery, equipment and vehicles, net

21,478

40,509

Tools, furniture and fixtures

23,520

23,162

Accumulated depreciation

(18,299)

(17,737)

Tools, furniture and fixtures, net

5,221

5,424

Land

52,414

52,123

Leased assets

1,377

902

Accumulated depreciation

(947)

(597)

Leased assets, net

429

304

Right-of-use assets

14,978

15,066

Accumulated depreciation

(6,397)

(4,378)

Right-of-use assets, net

8,581

10,687

Construction in progress

6,901

4,681

Total property, plant and equipment

136,060

143,642

Intangible assets

Goodwill

14,060

31,105

Other

27,158

31,834

Total intangible assets

41,218

62,940

Investments and other assets

Investment securities

27,571

37,166

Long-term loans receivable

3,628

3,096

Retirement benefit asset

16,192

14,484

Deferred tax assets

21,341

25,610

Other

7,213

9,231

Allowance for doubtful accounts

(694)

(744)

Total investments and other assets

75,252

88,844

Total non-current assets

252,532

295,427

Deferred assets

Bond issuance costs

20

59

Total deferred assets

20

59

Total assets

609,666

718,640

As of March 31, 2025 As of March 31, 2026

Liabilities

Current liabilities

Notes and accounts payable - trade

56,913

60,721

Electronically recorded obligations - operating

8,910

6,414

Short-term borrowings

36,396

66,197

Current portion of bonds payable

10,000

10,000

Lease liabilities

1,661

1,901

Accrued expenses

81,803

99,162

Income taxes payable

4,966

3,750

Contract liabilities

40,600

54,853

Provision for share-based payments

52

27

Provision for Costs Related to Improper

Quality Practices

1,484

1,355

Provision for construction warranties

17,394

19,733

Provision for loss on construction contracts

7,063

8,047

Provision for demolition and removal

-

159

Other

27,034

46,225

Total current liabilities

294,283

378,551

Non-current liabilities

Bonds payable

10,000

-

Long-term borrowings

70,132

96,461

Lease liabilities

7,574

9,496

Deferred tax liabilities

5,820

6,501

Retirement benefit liability

16,468

14,844

Provision for retirement benefits for directors

(and other officers)

29

21

Provision for Costs Related to Improper

Quality Practices

-

959

Provision for loss on litigation

946

584

Provision for demolition and removal

858

505

Asset retirement obligations

1,125

1,628

Other

4,532

5,684

Total non-current liabilities

117,488

136,687

Total liabilities

411,771

515,239

Net assets

Shareholders' equity

Share capital

45,442

45,442

Capital surplus

7,802

7,802

Retained earnings

118,870

125,794

Treasury shares

(1,334)

(1,298)

Total shareholders' equity

170,780

177,740

Accumulated other comprehensive income

Valuation difference on available-for-sale

securities

1,476

1,448

Deferred gains or losses on hedges

528

1,943

Revaluation reserve for land

(20)

(20)

Foreign currency translation adjustment

2,794

5,598

Remeasurements of defined benefit plans

13,804

10,101

Total accumulated other comprehensive 18,583 19,071 income

Non-controlling interests

8,530

6,588

Total net assets

197,895

203,400

Total liabilities and net assets

609,666

718,640