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 Six Months Ended September 30, 2025 (Under Japanese GAAP)
November 13, 2025
Company name SAKAI HEAVY INDUSTRIES,LTD. Stock exchange listings: Tokyo Prime Securities code 6358 URL https://www.sakainet.co.jp/
President and Representing
Representative (Title)
Inquiries (Title)
Semi-annual statement filing date (as planned)
Director
Executive Officer, General Manager of Administration Division
November 13, 2025
(Name)Ichiro Sakai
(Name)Yasuyuki Fujikawa Tel 03-3434-3401
Dividend payable date
December 10, 2025
(as planned)
Supplemental material of results： Yes Convening briefing of results ： Yes
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
Millions of
yen
%
Millions of
yen
%
Millions of
yen
%
Millions of
yen
%
September 30, 2025
12,980
(9.8)
684
(44.4)
648
(45.0)
431
(66.9)
September 30, 2024
14,385
(14.3)
1,231
(37.4)
1,178
(44.1)
1,302
(15.1)
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
September 30, 2025
50.45
-
September 30, 2024
152.97
-
Consolidated financial position
Total assets
Net assets
Capital adequacy ratio
As of
Millions of yen
Millions of yen
%
September 30, 2025
43,452
30,117
69.1
March 31, 2025
42,624
30,130
70.5
Cash dividends
Annual dividend
First quarter
Second quarter
Third quarter
Year end
Annual
Fiscal year ended March 31, 2025
Fiscal year ending March 31, 2026
Yen
Yen
Yen
Yen
Yen
-
-
85.00
45.00
-
60.50
-
Fiscal year ending March 31, 2026 (Forecast)
-
60.00
105.00
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 | |||||
Fiscal year ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
March 31, 2026 | 28,000 | 0.5 | 1,250 | (21.1) | 1,250 | (16.4) | 900 | (37.3) | 105.61 |
Notes
Significant changes in the scope of consolidation during the period： None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements： Yes
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 Sep 30, 2025 8,890,434 shares | As of March 31, 2025 8,845,634 shares |
As of Sep 30, 2025 315,040 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)
Three months ended Sep 30, 2025 8,549,982 shares | Three months ended June 30, 2024 8,514,096 shares |
Consolidated financial statements Consolidated balance sheets
Assets
(Thousands of yen) As of March 31, 2025 As of September 30, 2025
Current assets | ||
Cash and deposits | 7,668,034 | 7,531,018 |
Notes and accounts receivable - trade | 5,339,465 | 5,557,917 |
Electronically recorded monetary claims - operating | 736,827 | 1,376,432 |
Merchandise and finished goods | 5,267,680 | 5,017,472 |
Work in process | 1,146,451 | 1,516,341 |
Raw materials and supplies | 5,123,865 | 4,608,697 |
Other | 1,329,016 | 1,076,107 |
Allowance for doubtful accounts | (58) | - |
Total current assets | 26,611,283 | 26,683,987 |
Non-current assets | ||
Property, plant and equipment | 7,884,830 | 7,718,208 |
Intangible assets | 518,753 | 559,592 |
Investments and other assets | ||
Investment securities | 5,661,936 | 6,706,744 |
Other | 1,947,798 | 1,784,024 |
Total investments and other assets | 7,609,734 | 8,490,769 |
Total non-current assets | 16,013,317 | 16,768,570 |
Total assets | 42,624,601 | 43,452,558 |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,590,956 | 1,525,810 |
Electronically recorded obligations - operating | 1,884,375 | 2,289,323 |
Short-term borrowings | 4,804,492 | 4,908,004 |
Income taxes payable | 159,941 | 227,895 |
Provisions | 387,684 | 373,527 |
Other | 1,602,257 | 1,578,470 |
Total current liabilities | 10,429,707 | 10,903,032 |
Non-current liabilities | ||
Long-term borrowings | 117,260 | 98,054 |
Retirement benefit liability | 246,770 | 250,331 |
Other | 1,700,358 | 2,083,265 |
Total non-current liabilities | 2,064,388 | 2,431,650 |
Total liabilities | 12,494,096 | 13,334,683 |
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 | 14,351,529 |
Treasury shares | (411,297) | (411,967) |
Total shareholders' equity | 24,034,365 | 24,035,622 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 3,181,536 | 3,918,630 |
Foreign currency translation adjustment | 2,846,230 | 2,100,958 |
Remeasurements of defined benefit plans | (11,325) | (11,793) |
Total accumulated other comprehensive income | 6,016,440 | 6,007,795 |
Non-controlling interests | 79,697 | 74,456 |
Total net assets | 30,130,504 | 30,117,874 |
Total liabilities and net assets | 42,624,601 | 43,452,558 |
(Thousands of yen) As of March 31, 2025 As of September 30, 2025
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Thousands of yen)
Six months ended September 30, 2024
Six months ended September 30, 2025
Net sales | 14,385,936 | 12,980,135 |
Cost of sales | 10,056,447 | 9,264,399 |
Gross profit | 4,329,488 | 3,715,735 |
Selling, general and administrative expenses | ||
Transportation costs | 179,877 | 168,178 |
Salaries and bonuses | 1,399,967 | 1,365,384 |
Technical research expenses | 490,545 | 476,097 |
Other | 1,027,421 | 1,021,782 |
Total selling, general and administrative expenses | 3,097,812 | 3,031,443 |
Operating profit | 1,231,676 | 684,292 |
Non-operating income | ||
Interest income | 8,708 | 5,172 |
Dividend income | 108,510 | 140,367 |
Other | 16,697 | 15,025 |
Total non-operating income | 133,915 | 160,565 |
Non-operating expenses | ||
Interest expenses | 100,173 | 111,079 |
bank charge | 37,742 | 37,356 |
Foreign exchange losses | 42,557 | 34,251 |
Other | 6,332 | 14,140 |
Total non-operating expenses | 186,806 | 196,827 |
Ordinary profit | 1,178,785 | 648,029 |
Extraordinary income | ||
Gain on sale of non-current assets | 513 | 2,284 |
Gain on sale of investment securities | 288,407 | 35,227 |
Total extraordinary income | 288,921 | 37,511 |
Extraordinary losses | ||
Loss on retirement of non-current assets | - | 60 |
Total extraordinary losses | - | 60 |
Profit before income taxes | 1,467,707 | 685,480 |
Income taxes | 163,926 | 251,272 |
Profit | 1,303,780 | 434,208 |
Profit attributable to non-controlling interests | 1,399 | 2,893 |
Profit attributable to owners of parent | 1,302,380 | 431,314 |
Consolidated statements of comprehensive income (cumulative)
(Thousands of yen)
Six months ended September 30, 2024
Six months ended September 30, 2025
Profit | 1,303,780 | 434,208 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (415,025) | 737,093 |
Foreign currency translation adjustment | 821,758 | (751,774) |
Remeasurements of defined benefit plans, net of tax | (5,027) | (467) |
Total other comprehensive income | 401,705 | (15,148) |
Comprehensive income | 1,705,485 | 419,059 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of 1,695,011 422,673 parent | ||
Comprehensive income attributable to non-controlling interests
10,473 (3,613)
Consolidated statements of cash flows | ||
(Thousands of yen) | ||
Six months ended | Six months ended | |
September 30, 2024 | September 30, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 1,467,707 | 685,480 |
Depreciation | 352,921 | 359,351 |
Increase (decrease) in allowance for doubtful accounts | 6,320 | 57 |
Increase (decrease) in provision for product warranties | (2,265) | (14,156) |
Increase (decrease) in retirement benefit liability | 37,081 | 18,679 |
Interest and dividend income | (117,218) | (145,540) |
Interest expenses | 100,173 | 111,079 |
Loss (gain) on sale of investment securities | (288,407) | (35,227) |
Loss (gain) on sale of non-current assets | (513) | (2,284) |
Loss on retirement of non-current assets | - | 60 |
Decrease (increase) in trade receivables | 927,506 | (1,014,371) |
Decrease (increase) in inventories | (1,039,150) | 143,206 |
Decrease (increase) in prepaid expenses | (114,453) | 17,174 |
Decrease (increase) in accounts receivable - other | (245,452) | 244,391 |
Increase (decrease) in trade payables | (982,649) | 449,281 |
Increase (decrease) in accrued expenses | (148,525) | (78,535) |
Other, net | (184,506) | 309,950 |
Subtotal | (231,434) | 1,048,598 |
Interest and dividends received | 101,118 | 147,205 |
Interest paid | (97,843) | (111,234) |
Income taxes paid | (163,970) | (192,821) |
Net cash provided by (used in) operating activities | (392,128) | 891,748 |
Cash flows from investing activities | ||
Purchase of property, plant and equipment | (91,438) | (414,692) |
Proceeds from sale of property, plant and equipment | 513 | 6,975 |
Purchase of intangible assets | (51,114) | (9,444) |
Proceeds from sale of investment securities | 332,991 | 40,584 |
Proceeds from collection of loans receivable | 337 | 295 |
Net cash provided by (used in) investing activities | 191,289 | (376,280) |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (845,840) | 160,981 |
Proceeds from long-term borrowings | 100,000 | 100,000 |
Repayments of long-term borrowings | (119,206) | (119,206) |
Purchase of treasury shares | (984) | (669) |
Dividends paid | (828,886) | (516,120) |
Dividends paid to non-controlling interests | (3,571) | (1,632) |
Other, net | (79,434) | (98,641) |
Net cash provided by (used in) financing activities | (1,777,923) | (475,288) |
Effect of exchange rate change on cash and cash equivalents | 163,877 | (177,162) |
Net increase (decrease) in cash and cash equivalents | (1,814,884) | (136,982) |
Cash and cash equivalents at beginning of period | 8,244,531 | 7,599,293 |
Cash and cash equivalents at end of period | 6,429,646 | 7,462,311 |