Translation
Consolidated Financial Results for the Three Months Ended June 30, 2025 (Under Japanese GAAP)
August 8, 2025
Company name | Shindengen | Electric Manufacturing Co., Ltd | Stock exchange listings: Tokyo Prime | |
Securities code | 6844 | URL https://www.shindengen.co.jp/ | ||
Representative | President | Nobuyoshi Tanaka |
Inquiries Division Manager, President's Office
Dividend payable date (as planned) － Supplemental material of results：None Convening briefing of results ：None
Isao Matsubara Tel 048-483-5311
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated financial results for the three months ended June 30, 2025 (from April 1, 2025 to June 30, 2025)
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
Millions of
yen
%
Millions of
yen
%
Millions of
yen
%
Millions of
yen
%
June 30, 2025
27,185
9.0
1,454
-
1,445
185.9
1,451
546.2
June 30, 2024
24,951
2.0
112
(73.7)
505
(38.3)
224
-
Note: Comprehensive income
For the fiscal year ended June 30, 2025
398 Millions of yen
(37.1%)
For the fiscal year ended June 30, 2024
634 Millions of yen
(82.5%)
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
140.72
-
June 30, 2024
21.78
-
Consolidated financial position
Total assets
Net assets
Capital adequacy ratio
As of
Millions of yen
Millions of yen
%
June 30, 2025
131,181
65,871
50.2
March 31, 2025
136,496
66,144
48.5
Reference:Owner's equity As of June 30, 2025 65,871 Millions of yen As of March 31, 2025 66,144 Millions of yen
Cash dividends
Annual dividend
First quarter
Second quarter
Third quarter
Year end
Annual
Yen
Yen
Yen
Yen
Yen
Fiscal year ended March 31,
2025
-
0.00
-
65.00
65.00
Fiscal year ending March
31, 2026
-
Fiscal year ending March 31, 2026 (Forecast)
0.00
-
65.00
65.00
Note:Revisions to the forecast of cash dividends most recently announced：None
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 | |||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
Six months ending September 30, 2025 | 54,400 | 7.6 | 1,900 | 418.1 | 1,900 | - | 1,900 | - | 184.17 |
Fiscal year ending March 31, 2026 | 110,000 | 3.9 | 3,300 | - | 3,300 | - | 3,100 | - | 300.48 |
Note:Revisions to the earnings forecasts most recently announced：Yes
Notes
Significant changes in the scope of consolidation during the period：None
Newly included: － companies (Company name) 、Excluded: － companies (Company name)
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements：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)
① Number of issued and outstanding shares at the end of fiscal year (including treasury stock)
As of June 30, 2025
10,338,884 shares
As of March 31, 2024
10,338,884 shares
② Number of treasury stock at the end of fiscal year
As of June 30, 2025
22,115shares
As of March 31, 2024
21,932 shares
③ Average number of shares
Three months ended June 30, 2025
10,316,864shares
Fiscal year ended March 31, 2024
10,312,806 shares
Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm：None
Proper use of earnings forecasts, and other special matters (Caution concerning forward-looking statements)
The forward-looking statements, including the financial results forecast shown in this document, are based on information
currently available to the Company and on certain assumptions deemed to be reasonable by the Company. As such, they do not
constitute guarantees by the Company of future performance. Actual performance and other results may also differ materially due to various factors.
Consolidated financial statements Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2025 | As of June 30, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 20,397 | 22,078 |
Notes and accounts receivable - trade | 18,949 | 17,694 |
Merchandise and finished goods | 12,039 | 11,688 |
Work in process | 6,306 | 5,457 |
Raw materials and supplies | 19,636 | 18,796 |
Other | 6,885 | 3,323 |
Allowance for doubtful accounts | (25) | (31) |
Total current assets | 84,189 | 79,005 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 16,175 | 15,885 |
Machinery, equipment and vehicles, net | 9,028 | 8,710 |
Land | 4,373 | 4,015 |
Leased assets, net | 514 | 470 |
Construction in progress | 2,724 | 2,912 |
Other, net | 2,334 | 2,242 |
Total property, plant and equipment | 35,150 | 34,237 |
Intangible assets | ||
Software | 506 | 456 |
Other | 41 | 65 |
Total intangible assets | 548 | 522 |
Investments and other assets | ||
Investment securities | 14,913 | 15,617 |
Deferred tax assets | 268 | 386 |
Retirement benefit asset | 500 | 517 |
Other | 969 | 948 |
Allowance for doubtful accounts | (45) | (53) |
Total investments and other assets | 16,607 | 17,415 |
Total non-current assets | 52,307 | 52,175 |
Total assets | 136,496 | 131,181 |
(Millions of yen) | ||
As of March 31, 2025 | As of June 30, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 13,844 | 13,658 |
Short-term borrowings | 9,260 | 9,575 |
Current portion of bonds payable | 525 | 400 |
Lease liabilities | 295 | 305 |
Income taxes payable | 215 | 359 |
Provision for bonuses | 803 | - |
Other | 5,977 | 4,147 |
Total current liabilities | 30,920 | 28,446 |
Non-current liabilities | ||
Bonds payable | 800 | 800 |
Long-term borrowings | 28,825 | 26,450 |
Lease liabilities | 576 | 486 |
Deferred tax liabilities | 2,785 | 2,788 |
Retirement benefit liability | 5,176 | 5,090 |
Provision for product warranties | 329 | 320 |
Asset retirement obligations | 892 | 877 |
Other | 46 | 49 |
Total non-current liabilities | 39,431 | 36,863 |
Total liabilities | 70,352 | 65,309 |
Net assets | ||
Shareholders' equity | ||
Share capital | 17,823 | 17,823 |
Capital surplus | 7,729 | 7,729 |
Retained earnings | 24,733 | 25,515 |
Treasury shares | (80) | (80) |
Total shareholders' equity | 50,205 | 50,986 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 4,098 | 4,511 |
Foreign currency translation adjustment | 5,072 | 3,376 |
Remeasurements of defined benefit plans | 6,767 | 6,997 |
Total accumulated other comprehensive income | 15,938 | 14,885 |
Total net assets | 66,144 | 65,871 |
Total liabilities and net assets | 136,496 | 131,181 |
(Millions of yen) | ||
Three months ended June 30, 2024 | Three months ended June 30, 2025 | |
Net sales | 24,951 | 27,185 |
Cost of sales | 21,376 | 22,381 |
Gross profit | 3,575 | 4,803 |
Selling, general and administrative expenses | 3,463 | 3,349 |
Operating profit | 112 | 1,454 |
Non-operating income | ||
Interest income | 78 | 64 |
Dividend income | 331 | 312 |
Share of profit of entities accounted for using equity method | 14 | 32 |
Foreign exchange gains | 115 | - |
Royalty income | - | 1 |
Other | 19 | 135 |
Total non-operating income | 558 | 548 |
Non-operating expenses | ||
Interest expenses | 79 | 104 |
Foreign exchange losses | - | 344 |
Other | 85 | 107 |
Total non-operating expenses | 165 | 556 |
Ordinary profit | 505 | 1,445 |
Extraordinary income | ||
Gain on sale of non-current assets | - | 354 |
Total extraordinary income | - | 354 |
Profit before income taxes | 505 | 1,800 |
Income taxes - current | 265 | 456 |
Income taxes - deferred | 15 | (108) |
Total income taxes | 280 | 348 |
Profit | 224 | 1,451 |
Profit attributable to | ||
Profit attributable to owners of parent | 224 | 1,451 |
Profit attributable to non-controlling interests | - | - |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | (790) | 413 |
Foreign currency translation adjustment | 1,246 | (1,695) |
Remeasurements of defined benefit plans, net of tax | (46) | 229 |
Share of other comprehensive income of entities accounted for using equity method | 0 | 0 |
Total other comprehensive income | 409 | (1,052) |
Comprehensive income | 634 | 398 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 634 | 398 |
Comprehensive income attributable to non-controlling interests | - | - |
(Notes Pertaining to Going Concern Assumption)
None
(Notes on Significant Changes in the Amount of Shareholders` Equity)
None
(Notes to Quarterly Consolidated Statement of Cash Flows)
The quarterly consolidated statement of cash flows for the first quarter of the current fiscal year has not been prepared. However, depreciation and amortization expenses (including amortization of intangible assets) for the first quarter are as follows.
(Millions of yen)
Year ended June 30, 2024
(April 1, 2024 to June 30, 2024)
Year ended June 30, 2025
(April 1, 2025 to June 30, 2025)
depreciation and amortization ¥1,288 ¥1,280
Segment InformationYear ended June 30, 2024 (April 1, 2025 to June 30, 2025)
-
Net sales, income (loss), identifiable assets/liabilities and other items by reporting segments
(Millions of yen)
Reportable segments
Other
Total
Reconcilin g items
Per quarterly consolidated financial
statements
Power device business
Power unit business
Power systems &
solutions business
Reportable segments
Sales
Revenues from
external customers
8,404
17,201
1,539
27,145
40
27,185
-
27,185
Transactions with other segments
2,526
-
-
2,526
-
2,526
(2,526)
-
Net sales
10,931
17,201
1,539
29,672
40
29,712
(2,526)
27,185
Operating profit (loss)
906
1,241
253
2,401
(2)
2,399
(945)
1,454
Notes: 1. The "Other" category includes activities not included in the reporting segments, such as solenoids.
¥ (1,207) million posted under "Adjustments" includes "Corporate expenses" that have not been allocated to each reporting segment. "Corporate expenses" are primarily general and administrative expenses that cannot be attributed to any reporting segment.
Segment income (loss) is adjusted to the operating income stated on the consolidated statements of income and consolidated statements of comprehensive income.
From the first quarter of the current consolidated fiscal period, in accordance with the organizational reforms
implemented on April 1, 2025, the reporting segment has been renamed from the existing "Electronic device Business", "Car electronics Business" and "Energy systems & solutions Business" to "Power device Business", "Power unit Business" and " Power systems & solutions Business", and some product management categories have also been
changed. In line with this change, we have transferred our EV charging infrastructure product line from the "Power systems & solutions Business" to the "Power unit Business".