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, 2026 (Under Japanese GAAP)
May 13, 2026
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
Executive Officer, General
(Name)Ichiro Sakai
Inquiries (Title)
Manager of Administration Division
(Name)Yasuyuki Fujikawa Tel 03-3434-3401
Date of general shareholders' meeting (as planned)
Annual securities report filing date (as planned)
June 26, 2026 Dividend payable date (as planned)
June 25, 2026
June 29, 2026
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, 2026 (from April 1, 2025 to March 31, 2026)
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, 2026
27,541
(1.1)
1,588
0.3
1,581
5.8
1,763
22.8
March 31, 2025
27,854
(15.6)
1,583
(52.3)
1,494
(55.0)
1,435
(41.2)
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, 2026
205.93
-
5.7
3.7
5.8
March 31, 2025
168.50
-
4.9
3.4
5.7
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, 2026
43,936
31,677
71.9
3,684.50
March 31, 2025
42,624
30,130
70.5
3,522.58
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, 2026
878
(561)
(1,517)
6,492
March 31, 2025
399
39
(1,220)
7,599
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, 2025
Fiscal year ended March 31, 2026
Yen
Yen
Yen
Yen
Yen
Millions of
yen
%
%
-
-
85.00
45.00
-
-
60.50
62.00
-
107.00
878
917
61.1
52.0
3.0
3.0
Fiscal year ending March
31, 2027 (Forecast)
-
45.00
-
65.00
110.00
85.6
Consolidated financial forecast for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)
(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, 2026 Fiscal year ending March 31, 2027 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
14,500 30,500 | 11.7 10.7 | 550 1,650 | (19.6) 3.9 | 550 1,650 | (15.1) 4.3 | 400 1,100 | (7.3) (37.6) | 46.72 128.48 | |
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： None
Changes in accounting policies due to other reasons ： None
Changes in accounting estimates ： None
Restatement ： None
Number of issued shares (common shares)
As of March 31, 2026 8,890,434 shares | As of March 31, 2025 8,845,634 shares |
As of March 31, 2026 315,344 shares | As of March 31, 2025 314,718 shares |
Total number of issued shares at the end of the period (including treasury shares) Number of treasury shares at the end of the period
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Fiscal year ended March 31, 2026 8,561,629 shares | Fiscal year ended March 31, 2025 8,521,891 shares |
[Reference] Overview of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
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, 2026
19,098
0.1
(14)
-
368
(36.3)
947
18.2
March 31, 2025
19,075
(16.1)
90
(90.3)
577
(56.8)
801
(15.8)
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2026
110.65
-
March 31, 2025
94.07
-
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, 2026 | 26,506 | 19,453 | 73.4 | 2,268.62 |
March 31, 2025 | 26,196 | 18,921 | 72.2 | 2,217.98 |
Consolidated financial statements Consolidated balance sheets
(Thousands of yen)
As of March 31, 2025 As of March 31, 2026
Assets
Current assets
Cash and deposits | 7,668,034 | 6,552,672 |
Notes and accounts receivable - trade | 5,339,465 | 6,406,088 |
Electronically recorded monetary claims - operating | 736,827 | 1,239,009 |
Merchandise and finished goods | 5,267,680 | 4,797,586 |
Work in process | 1,146,451 | 1,303,984 |
Raw materials and supplies | 5,123,865 | 4,870,968 |
Other | 1,329,016 | 2,375,501 |
Allowance for doubtful accounts | (58) | (675) |
Total current assets | 26,611,283 | 27,545,135 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 9,514,129 | 9,874,170 |
Accumulated depreciation | (6,325,290) | (6,655,354) |
Buildings and structures, net | 3,188,839 | 3,218,816 |
Machinery, equipment and vehicles | 4,202,287 | 4,395,619 |
Accumulated depreciation | (3,499,810) | (3,652,151) |
Machinery, equipment and vehicles, net | 702,476 | 743,468 |
Land | 3,521,819 | 3,521,469 |
Leased assets | 402,123 | 577,823 |
Accumulated depreciation | (120,437) | (238,777) |
Leased assets, net | 281,685 | 339,045 |
Other | 1,709,212 | 1,695,003 |
Accumulated depreciation | (1,519,203) | (1,565,962) |
Other, net | 190,008 | 129,040 |
Total property, plant and equipment | 7,884,830 | 7,951,841 |
Intangible assets | 518,753 | 528,179 |
Investments and other assets | ||
Investment securities | 5,661,936 | 6,116,749 |
Deferred tax assets | 301,760 | 263,291 |
Other | 1,646,037 | 1,531,110 |
Total investments and other assets | 7,609,734 | 7,911,151 |
Total non-current assets | 16,013,317 | 16,391,172 |
Total assets | 42,624,601 | 43,936,308 |
(Thousands of yen)
As of March 31, 2025 As of March 31, 2026
Liabilities
Current liabilities
Notes and accounts payable - trade | 1,590,956 | 1,247,082 |
Electronically recorded obligations - operating | 1,884,375 | 1,316,195 |
Short-term borrowings | 4,804,492 | 4,613,087 |
Income taxes payable | 159,941 | 388,349 |
Provision for product warranties | 387,684 | 403,764 |
Other | 1,602,257 | 2,016,818 |
Total current liabilities | 10,429,707 | 9,985,298 |
Non-current liabilities | ||
Long-term borrowings | 117,260 | 78,848 |
Lease liabilities | 495,758 | 518,514 |
Deferred tax liabilities | 1,058,923 | 1,286,336 |
Retirement benefit liability | 246,770 | 255,984 |
Other | 145,676 | 134,121 |
Total non-current liabilities | 2,064,388 | 2,273,805 |
Total liabilities | 12,494,096 | 12,259,103 |
Net assets | ||
Shareholders' equity | ||
Share capital | 3,381,692 | 3,425,058 |
Capital surplus | 6,627,635 | 6,671,002 |
Retained earnings | 14,436,335 | 15,297,436 |
Treasury shares | (411,297) | (412,617) |
Total shareholders' equity | 24,034,365 | 24,980,880 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,181,536 | 3,601,881 |
Foreign currency translation adjustment | 2,846,230 | 3,027,499 |
Remeasurements of defined benefit plans | (11,325) | (15,328) |
Total accumulated other comprehensive income | 6,016,440 | 6,614,051 |
Non-controlling interests | 79,697 | 82,272 |
Total net assets | 30,130,504 | 31,677,204 |
Total liabilities and net assets | 42,624,601 | 43,936,308 |
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
Fiscal year ended March 31, 2025
Fiscal year ended March 31, 2026
Net sales | 27,854,055 | 27,541,409 |
Cost of sales | 20,179,460 | 19,856,242 |
Gross profit | 7,674,595 | 7,685,167 |
Selling, general and administrative expenses | ||
Transportation costs | 324,181 | 318,083 |
Salaries and bonuses | 2,702,397 | 2,805,011 |
Technical research expenses | 984,815 | 955,520 |
Other | 2,079,433 | 2,018,407 |
Total selling, general and administrative expenses | 6,090,829 | 6,097,023 |
Operating profit | 1,583,765 | 1,588,144 |
Non-operating income | ||
Interest income | 14,670 | 10,365 |
Dividend income | 192,372 | 246,960 |
Foreign exchange gains | - | 2,380 |
Other | 46,605 | 51,073 |
Total non-operating income | 253,648 | 310,779 |
Non-operating expenses | ||
Interest expenses | 201,175 | 223,843 |
Foreign exchange losses | 59,925 | - |
bank charge | 73,997 | 74,610 |
Other | 7,869 | 18,996 |
Total non-operating expenses | 342,967 | 317,450 |
Ordinary profit | 1,494,446 | 1,581,472 |
Extraordinary income | ||
Gain on sale of non-current assets | 513 | 2,298 |
Gain on sale of investment securities | 366,167 | 943,508 |
Total extraordinary income | 366,681 | 945,806 |
Extraordinary losses | ||
Loss on sale of non-current assets | - | 112 |
Total extraordinary losses | - | 112 |
Profit before income taxes | 1,861,128 | 2,527,166 |
Income taxes - current | 450,801 | 717,774 |
Income taxes - deferred | (29,030) | 41,289 |
Total income taxes | 421,771 | 759,064 |
Profit | 1,439,356 | 1,768,102 |
Profit attributable to non-controlling interests | 3,402 | 4,987 |
Profit attributable to owners of parent | 1,435,953 | 1,763,114 |