Note : This document has been translated from 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 Fiscal Year Ended March 31, 2025 (Under Japanese GAAP)
May 14, 2025
Company name SAKAI HEAVY INDUSTRIES,LTD. Stock exchange listings: Tokyo Prime Securities code 6358 URL https://www.sakainet.co.jp/
Representative (Title) President and Representing
Director
Inquiries (Title) General Manager of Administration Division
(Name)Ichiro Sakai
(Name)Yasuyuki Fujikawa Tel 03-3434-3401
Date of general shareholders' meeting (as planned)
Annual securities report filing date (as planned)
June 27, 2025 Dividend payable date (as planned)
June 26, 2025
June 30, 2025
Supplemental material of annual results：Yes Convening briefing of annual results ：Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
27,854
(15.6)
1,583
(52.3)
1,494
(55.0)
1,435
(41.2)
March 31, 2024
33,020
5.0
3,318
32.4
3,324
42.8
2,440
44.0
Basic earnings per share
Diluted earnings per share
Rate of return on equity
Ordinary profit to total assets ratio
Operating profit to net sales ratio
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2025
168.50
-
4.9
3.4
5.7
March 31, 2024
287.37
-
9.0
7.8
10.1
Consolidated financial position
Total assets
Net assets
Capital adequacy ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2025
42,624
30,130
70.5
3,522.58
March 31, 2024
44,237
29,165
65.8
3,422.24
Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and equivalents, end of period
Fiscal year ended
Millions of yen
Millions of yen
Millions of yen
Millions of yen
March 31, 2025
399
39
(1,220)
7,599
March 31, 2024
2,482
(353)
(1,422)
8,244
Cash dividends
Dividend per share
Total dividend paid
Payout ratio (consolidated)
Ratio of total amount of dividends to net assets (consolidated
)
First quarter
Second quarter
Third quarter
Year end
Annual
Fiscal year ended March 31, 2024
Fiscal year ended March 31, 2025
Yen
Yen
Yen
Yen
Yen
Millions of
yen
%
%
-
-
90.00
85.00
-
-
195.00
60.50
285.00
-
1,211
878
49.6
61.1
4.5
3.0
Fiscal year ending March 31, 2026 (Forecast)
-
45.00
-
60.00
105.00
99.4
Consolidated financial forecast 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 | |||||
Six months ending September 30, 2025 Fiscal year ending March 31, 2026 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
13,700 30,000 | (4.8) 7.7 | 550 1,250 | (55.3) (21.1) | 550 1,250 | (53.3) (16.4) | 400 900 | (69.3) (37.3) | 46.94 105.61 | |
Notes
Significant changes in the scope of consolidation during the period：None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations ：Yes
Changes in accounting policies due to other reasons ：None
Changes in accounting estimates ：None
Restatement ：None
Number of issued shares (common shares)
Number of issued and outstanding shares at the end of fiscal year (including treasury stock)
8,815,634 shares
As of March 31, 2024
8,845,634 shares
As of March 31, 2025
Number of treasury stock at the end of fiscal year
314,232 shares
As of March 31, 2024
314,718 shares
As of March 31, 2025
Average number of shares during the period
8,492,675 shares
Fiscal year ended March 31, 2024
8,521,891 shares
Fiscal year ended March 31, 2025
[Reference] Overview of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended March 31, 2025 (from April 1, 2024 to March 31, 2025)
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
Millions of yen
%
Millions of yen
%
Millions of yen
%
Millions of yen
%
March 31, 2025
19,075
(16.1)
90
(90.3)
577
(56.8)
801
(15.8)
March 31, 2024
22,746
(3.9)
937
38.0
1,338
81.0
952
119.2
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2025
94.07
-
March 31, 2024
112.13
-
Non-consolidated financial position
Total assets | Net assets | Capital adequacy ratio | Net assets per share | |
As of | Millions of yen | Millions of yen | % | Yen |
March 31, 2025 | 26,196 | 18,921 | 72.2 | 2,217.98 |
March 31, 2024 | 29,727 | 19,418 | 65.3 | 2,284.10 |
Consolidated financial statements Consolidated balance sheets
(Thousands of yen)
As of March 31, 2024 As of March 31, 2025
Assets
Current assets
Cash and deposits | 8,383,385 | 7,668,034 |
Notes and accounts receivable - trade | 7,097,977 | 5,339,465 |
Electronically recorded monetary claims - operating | 1,400,759 | 736,827 |
Merchandise and finished goods | 4,576,542 | 5,267,680 |
Work in process | 1,286,375 | 1,146,451 |
Raw materials and supplies | 4,795,261 | 5,123,865 |
Other | 1,102,359 | 1,329,016 |
Allowance for doubtful accounts | (5,336) | (58) |
Total current assets | 28,637,323 | 26,611,283 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 9,040,797 | 9,514,129 |
Accumulated depreciation | (5,951,009) | (6,325,290) |
Buildings and structures, net | 3,089,787 | 3,188,839 |
Machinery, equipment and vehicles | 4,121,584 | 4,202,287 |
Accumulated depreciation | (3,425,185) | (3,499,810) |
Machinery, equipment and vehicles, net | 696,399 | 702,476 |
Land | 3,358,882 | 3,521,819 |
Leased assets | 420,101 | 402,123 |
Accumulated depreciation | (146,144) | (120,437) |
Leased assets, net | 273,956 | 281,685 |
Other | 1,619,004 | 1,709,212 |
Accumulated depreciation | (1,464,127) | (1,519,203) |
Other, net | 154,877 | 190,008 |
Total property, plant and equipment | 7,573,903 | 7,884,830 |
Intangible assets | 255,088 | 518,753 |
Investments and other assets | ||
Investment securities | 6,036,108 | 5,661,936 |
Deferred tax assets | 268,396 | 301,760 |
Other | 1,466,537 | 1,646,037 |
Allowance for doubtful accounts | (0) | - |
Total investments and other assets | 7,771,042 | 7,609,734 |
Total non-current assets | 15,600,035 | 16,013,317 |
Total assets | 44,237,358 | 42,624,601 |
(Thousands of yen)
As of March 31, 2024 As of March 31, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 1,663,632 | 1,590,956 |
Electronically recorded obligations - operating | 4,461,405 | 1,884,375 |
Short-term borrowings | 4,629,322 | 4,804,492 |
Income taxes payable | 393,833 | 159,941 |
Provision for product warranties | 350,818 | 387,684 |
Other | 1,681,748 | 1,602,257 |
Total current liabilities | 13,180,760 | 10,429,707 |
Non-current liabilities | ||
Long-term borrowings | 155,672 | 117,260 |
Lease liabilities | 266,915 | 495,758 |
Deferred tax liabilities | 1,144,202 | 1,058,923 |
Retirement benefit liability | 191,422 | 246,770 |
Other | 132,518 | 145,676 |
Total non-current liabilities | 1,890,731 | 2,064,388 |
Total liabilities | 15,071,492 | 12,494,096 |
Net assets | ||
Shareholders' equity | ||
Share capital | 3,337,367 | 3,381,692 |
Capital surplus | 6,583,310 | 6,627,635 |
Retained earnings | 14,191,837 | 14,436,335 |
Treasury shares | (409,977) | (411,297) |
Total shareholders' equity | 23,702,538 | 24,034,365 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,380,016 | 3,181,536 |
Foreign currency translation adjustment | 2,027,177 | 2,846,230 |
Remeasurements of defined benefit plans | (15,878) | (11,325) |
Total accumulated other comprehensive income | 5,391,315 | 6,016,440 |
Non-controlling interests | 72,012 | 79,697 |
Total net assets | 29,165,866 | 30,130,504 |
Total liabilities and net assets | 44,237,358 | 42,624,601 |
Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income
(Thousands of yen)
Fiscal year ended March 31, 2024
Fiscal year ended March 31, 2025
Net sales | 33,020,799 | 27,854,055 |
Cost of sales | 23,650,889 | 20,179,460 |
Gross profit | 9,369,909 | 7,674,595 |
Selling, general and administrative expenses | ||
Transportation costs | 387,499 | 324,181 |
Salaries and bonuses | 2,693,141 | 2,702,397 |
Technical research expenses | 944,433 | 984,815 |
Other | 2,025,898 | 2,079,433 |
Total selling, general and administrative expenses | 6,050,972 | 6,090,829 |
Operating profit | 3,318,936 | 1,583,765 |
Non-operating income | ||
Interest income | 9,664 | 14,670 |
Dividend income | 175,341 | 192,372 |
Foreign exchange gains | 82,887 | - |
Other | 43,150 | 46,605 |
Total non-operating income | 311,043 | 253,648 |
Non-operating expenses | ||
Interest expenses | 227,786 | 201,175 |
Foreign exchange losses | - | 59,925 |
bank charge | 72,197 | 73,997 |
Other | 5,718 | 7,869 |
Total non-operating expenses | 305,702 | 342,967 |
Ordinary profit | 3,324,276 | 1,494,446 |
Extraordinary income | ||
Gain on sale of non-current assets | 431 | 513 |
Gain on sale of investment securities | - | 366,167 |
Total extraordinary income | 431 | 366,681 |
Profit before income taxes | 3,324,708 | 1,861,128 |
Income taxes - current | 720,791 | 450,801 |
Income taxes - deferred | 156,121 | (29,030) |
Total income taxes | 876,913 | 421,771 |
Profit | 2,447,795 | 1,439,356 |
Profit attributable to non-controlling interests | 7,253 | 3,402 |
Profit attributable to owners of parent | 2,440,541 | 1,435,953 |