1st Half of FY2025 Financial results briefing
14.Nov.2025
Shindengen Electric Mfg. Co., Ltd. Stock Code：6844
Shindengen exhibited Shindy at JMS 2025.
1
Contents
01
1st Half of FY2025 Financial results Forecast of FY2025
Director & Senior Executive Officer
Osamu Ukegawa
02
Development of Target Markets
ーInitiatives in India, a Market of Continued Growthー
Director & Senior Officer
Satoshi Hatori
2
Exhibited Shindy at Japan Mobility Show 2025
June 2021: Established a specialized department to explore new business opportunities.
Technology developed by integrating our power electronics technologies has been implemented in robots.
Integrating Shindengen's new technologies
Technology installed in Shindy
Patent pending
Force control
technology
Technology enabling force control without force sensors
Patent pending
Image recognition
technology
Lightweight
robot arms
Low-processing-load image recognition technology.
Patent pending
Achieves a slim arm design by integrating joint motors into the main body.
Wireless charging
Shindy
technology
Incorporates contactless charging technology developed for automotive applications into the robot.
We are currently assessing future
developments in light of the response at JMS2025
3
1st Half of FY2025 Financial results
4
1st Half of FY2025 Financial results
Unit: million yen (Rounded down to the nearest million yen）
FY2024 1st Half | FY2025 1st Half | YoY | |
Net sales | 50,563 | 54,247 | ＋7.3％ |
Operating Profit | 366 | 2,318 | 532.3％ |
Operating Margin | 0.7％ | 4.3％ | +3.6pt. |
Ordinary Profit(loss) | (298) | 2,465 | ー |
Profit (loss) attributable to owners of parent | (1,089) | 2,430 | ー |
Unit：JPY/USD
All three segments performed solidly,
achieving YoY sales growth.
The Power Device Business saw improved profitability due to the effects of structural reforms implemented last fiscal year.
By disposing of idle assets, we recorded an extraordinary profit of approximately 350 million yen.
We have changed the classification of reportable segments starting this fiscal year. In this document, the revised figures for the previous period have also been presented and compared using the new segment classifications.
Non-Consolidated Volume Rate | 154.87 | 146.17 | (8.70)JPY |
5
1st Half of FY2025 Financial results(Power devise)
While there are still no signs of recovery in industrial equipment, sales increased due to steady performance in automotive and home appliances
Thanks to the business restructuring implemented last fiscal year and increased sales, profits improved significantly.
Unit: million yen (Rounded down to the nearest million yen）
FY2024 1st Half | FY2025 1st Half | YoY |
Net Sales 15,431 | 16,436 | +6.5％ |
Operating (152) Profit (loss) | 1,571 | ー |
＋9.7％
Automotive
Home Appliance
+7.4％
Industrial machinery
+2.5 ％
25/3
1st half
26/3
1st half
25/3
1st half
25/3
1st6half
25/3
1st half
26/3
6
1st half
1st Half of FY2025 Financial results(Power unit)
Although affected by the weakening of Asian currencies, we secured increased sales thanks to steady performance in major motorcycle markets such as India and Indonesia.
As development resources for
EV-related products were increased from this fiscal year, profits have decreased YoY, laying the groundwork for future growth.
Unit: million yen (Rounded down to the nearest million yen）
FY2024 1st Half | FY2025 1st Half | YoY |
Net Sales 32,690 | 34,645 | ＋6.0％ |
Operating 2,442 Profit | 1,964 | (19.6)％ |
Shindengen Affiliated companies Net sales results for 2Wheels
Indonesia
Vietnam
Thailand
India
+7％
+2％
+13％
+10％
25/3
1st half
26/3
1st half
25/3
1st half
26/3
1st half
25/3
1st half
26/3
1st half
25/3
1st half
26/3
1st half 7
1st Half of FY2025 Financial results(Power systems & solutions)
Unit: million yen (Rounded down to the nearest million yen）
FY2024 1st Half | FY2025 1st Half | YoY |
Net Sales 2,363 | 3,093 | ＋30.8％ |
Operating 392 Profit | 587 | +49.8％ |
Rectifiers for telecommunication infrastructure saw increased sales and profit due to higher capital investment by customers.
8
25/3
1st half
4
+12
Increased sales
+8
Price increases
+8
Inventory write-down
Unit: 100 million yen
Analysis of Change in Operating profit
The impact of the write-downs recorded in the previous fiscal year improved, leading to a rebound.
In PD, the increase was due to
temporary factors such as customer
+7
temporary factors
Structural Reform
Exchange rate
fluctuations
(7)
Product mix changes
+4
(9)
delivery deadlines being concentrated at the beginning of the period.
The value of Asian currencies is weakening, causing exchange rates, including those of the Indian rupee and the Indonesian rupiah,
to trend lower.
Other (3)
26/3
1st half
23
9
CAPEX/Depreciation/R&D
Unit: million yen (Rounded down to the nearest million yen）
FY2024 1st Half | FY2025 1st Haf | YoY |
CAPEX 2,095 | 2,340 | ＋11.7％ |
Depreciation 2,612 | 2,589 | ▲0.8％ |
R&D 2,675 | 2,506 | ▲6.3% |
Capital investments were made to increase production capacity at Shindengen India, resulting in a 10% YoY increase.
10
1st Half of FY2025 Balance sheet
Unit: million yen (Rounded down to the nearest million yen）
FY2024 | FY2025 1st Half | % change | |
Current assets | 84,189 | 93,617 | +11.2% |
Fixed assets | 52,307 | 53,391 | +2.1% |
Total assets | 136,496 | 147,008 | +7.7％ |
Current liabilities | 30,920 | 32,979 | +6.7％ |
Noncurrent Liabilities | 39,431 | 47,140 | +19.5％ |
Total liabilities | 70,352 | 80,119 | +13.9％ |
Total shareholders'' equity | 50,205 | 51,974 | +3.5％ |
Accumulated other comprehensive income | 15,938 | 14,915 | ▲6.4％ |
Total liabilities and net assets | 66,144 | 66,889 | +1.1% |
Total assets | 136,496 | 147,008 | +7.7％ |
Annual funding has been completed, resulting in an increase in interest-bearing liabilities and cash and deposits.
Fixed assets increased as a result of revaluation of investment securities, etc.
Per share of common stock | 48.5％ | 45.5% | ▲3.0pt. |
interest-bearing liabilities | 40,281 | 50,871 | +26.3％ |
11
Forecast of FY2025
12
To achieve our mid-term targets,
we will steadily execute
this fiscal year's plan
The impact of acquiring the Kyocera Power Device Business is still under review and has not been factored in. We are currently moving
forward with plans to acquire in January 2026.
The market environment varied by business segment, but has generally remained at the expected level.
Compared to the 1st half, the full-year earnings forecast, revised at the time of the Q1 financial results to reflect expected increased
expenses, etc., remains unchanged.
Forecast of FY2025
Unit: million yen (Rounded down to the nearest million yen）
FY2024 Actual | FY2025 Revised 8.Aug | YoY | |
Net sales | 105,830 | 110,000 | ＋3.9％ |
Operating Profit | 128 | 3,300 | +2464.8％ |
Operating Margin | 0.1％ | 3.0％ | +2.9pt. |
Ordinary Profit (loss) | (523) | 3,300 | ー |
Profit (loss) attributable to owners of parent | (2,436) | 3,100 | ー |
Non-Consolidated Volume Rate | 153.04 | 140.00 | (13.04)JPY |
Unit：JPY/USD
13
＜Important Notes Regarding Forward-Looking Statements＞
This document contains information that is provided without any warranty regarding its suitability for any particular purpose. The Company shall not be held legally responsible for any damages arising from the use of this information.
Forward-looking statements contained in this document are based on information currently available to us. Actual results may differ from the forecasts due to various factors. Therefore, please be aware that actual results may differ from these forecasts outlined herein due to changing business conditions and other factors.
Please note that even if there are changes to the information contained in this document, we undertake no obligation to revise this document.
END
14