DISCLAIMER: This document has been translated from a part of 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.
May 12, 2025
Company name: TEIKOKU ELECTRIC MFG.CO.,LTD.
Listing: Tokyo Stock Exchange
Securities code: 6333
URL: https://www.teikokudenki.co.jp/
Representative: Kiyoshi Murata, President and CEO
Inquiries: Takashi Abe, Director and Executive Officer, Chief of Administration H.Q. Telephone: +81-791-75-4160
Scheduled date of annual general meeting of shareholders: June 26, 2025 Scheduled date to commence dividend payments: June 27, 2025
Scheduled date to file annual securities report: June 25, 2025
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: Yes (for institutional investors and analysts)
(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
30,546
4.5
6,055
24.0
6,296
15.7
3,811
22.0
March 31, 2024
29,217
2.7
4,882
(2.8)
5,442
(0.5)
3,125
(21.8)
Note: Comprehensive income For the fiscal year ended March 31, 2025:
¥5,123 million
[17.2%]
For the fiscal year ended March 31, 2024:
¥4,372 million
[(8.0)%]
Basic earnings per share
Diluted earnings per share
Return on equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net sales
Fiscal year ended
Yen
Yen
%
%
%
March 31, 2025
219.27
-
11.8
14.9
19.8
March 31, 2024
173.81
-
9.9
13.0
16.7
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
Millions of yen
Millions of yen
%
Yen
March 31, 2025
42,396
33,504
77.2
1,971.14
March 31, 2024
42,040
32,466
75.8
1,809.38
Reference: Equity
As of March 31, 2025: ¥32,738 million
As of March 31, 2024: ¥31,850 million
- Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended
Millions of yen
Millions of yen
Millions of yen
Millions of yen
March 31, 2025
3,944
1,470
(4,706)
11,998
March 31, 2024
2,395
(2,973)
(4,076)
10,834
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended
March 31, 2024
-
46.00
-
46.00
92.00
1,644
52.9
5.2
Fiscal year ended March 31, 2025
-
41.00
-
69.00
110.00
1,868
50.2
5.8
Fiscal year ending March 31, 2026 (Forecast)
55.00
55.00
110.00
49.4
- Forecast of consolidated financial results 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 March 31, 2026 | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen |
27,520 | (9.9) | 5,000 | (17.4) | 5,120 | (18.7) | 3,700 | (2.9) | 222.77 | |
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)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2025
16,880,038 shares
As of March 31, 2024
18,480,038 shares
Number of treasury shares at the end of the period
As of March 31, 2025
270,980 shares
As of March 31, 2024
876,889 shares
Average number of shares outstanding during the period
Fiscal year ended March 31, 2025 | 17,382,551 shares |
Fiscal year ended March 31, 2024 | 17,981,014 shares |
-
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
13,603
11.5
2,769
49.1
5,417
12.0
4,132
4.1
March 31, 2024
12,196
4.0
1,857
47.7
4,835
132.0
3,969
126.7
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
March 31, 2025
237.71
-
March 31, 2024
220.78
-
- Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of | Millions of yen | Millions of yen | % | Yen |
March 31, 2025 | 23,352 | 20,284 | 86.9 | 1,221.29 |
March 31, 2024 | 22,997 | 20,094 | 87.4 | 1,141.51 |
Reference: Equity
As of March 31, 2025: ¥20,284 million
As of March 31, 2024: ¥20,094 million
* Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Consolidated balance sheet(Thousands of yen)
As of March 31, 2024 | As of March 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 14,305,732 | 13,886,562 |
Notes and accounts receivable - trade, and contract assets | 8,468,011 | 9,359,199 |
Electronically recorded monetary claims - operating | 1,888,560 | 1,324,581 |
Finished goods | 2,352,242 | 2,856,378 |
Work in process | 2,096,141 | 2,339,497 |
Raw materials and supplies | 2,089,733 | 2,163,258 |
Other | 830,715 | 483,577 |
Allowance for doubtful accounts | (752,050) | (789,343) |
Total current assets | 31,279,087 | 31,623,710 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 8,777,911 | 9,286,358 |
Accumulated depreciation | (4,661,299) | (5,005,779) |
Buildings and structures, net | 4,116,611 | 4,280,578 |
Machinery, equipment and vehicles | 7,139,960 | 6,991,679 |
Accumulated depreciation | (5,380,686) | (5,210,750) |
Machinery, equipment and vehicles, net | 1,759,273 | 1,780,929 |
Land | 1,667,093 | 1,663,107 |
Leased assets | 2,326,125 | 1,046,428 |
Accumulated depreciation | (1,660,790) | (522,775) |
Leased assets, net | 665,335 | 523,653 |
Construction in progress | 267,280 | 342,634 |
Other | 1,788,260 | 1,819,406 |
Accumulated depreciation | (1,605,166) | (1,655,927) |
Other, net | 183,094 | 163,478 |
Total property, plant and equipment | 8,658,688 | 8,754,381 |
Intangible assets | 134,427 | 104,434 |
Investments and other assets | ||
Investment securities | 1,209,102 | 1,147,726 |
Long-term loans receivable | 7,471 | 9,195 |
Deferred tax assets | 348,242 | 355,341 |
Retirement benefit asset | 227,818 | 236,332 |
Other | 202,983 | 172,245 |
Allowance for doubtful accounts | (27,500) | (6,800) |
Total investments and other assets | 1,968,118 | 1,914,041 |
Total non-current assets | 10,761,235 | 10,772,857 |
Total assets | 42,040,322 | 42,396,568 |
(Thousands of yen)
As of March 31, 2024 | As of March 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,860,692 | 2,047,529 |
Electronically recorded obligations - operating | 647,310 | 453,169 |
Current portion of long-term borrowings | 88,690 | - |
Lease liabilities | 265,682 | 211,477 |
Income taxes payable | 680,138 | 1,108,838 |
Provision for product warranties | 50,769 | 59,658 |
Provision for bonuses | 555,323 | 504,362 |
Provision for loss on liquidation of subsidiaries and associates | 23,090 | - |
Other | 3,491,080 | 3,249,197 |
Total current liabilities | 7,662,777 | 7,634,232 |
Non-current liabilities | ||
Lease liabilities | 778,119 | 374,590 |
Deferred tax liabilities | 571,396 | 499,772 |
Retirement benefit liability | 543,253 | 364,298 |
Other | 18,553 | 18,958 |
Total non-current liabilities | 1,911,322 | 1,257,620 |
Total liabilities | 9,574,100 | 8,891,852 |
Net assets | ||
Shareholders' equity | ||
Share capital | 3,143,675 | 3,143,675 |
Capital surplus | 2,931,466 | 2,931,466 |
Retained earnings | 24,504,193 | 23,041,643 |
Treasury shares | (1,914,845) | (634,148) |
Total shareholders' equity | 28,664,488 | 28,482,636 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 660,975 | 666,846 |
Foreign currency translation adjustment | 2,487,999 | 3,534,294 |
Remeasurements of defined benefit plans | 37,264 | 55,021 |
Total accumulated other comprehensive income | 3,186,239 | 4,256,163 |
Non-controlling interests | 615,494 | 765,916 |
Total net assets | 32,466,222 | 33,504,715 |
Total liabilities and net assets | 42,040,322 | 42,396,568 |
(Thousands of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Net sales | 29,217,874 | 30,546,287 |
Cost of sales | 16,968,720 | 16,660,641 |
Gross profit | 12,249,154 | 13,885,646 |
Selling, general and administrative expenses | ||
Selling expenses | 3,372,641 | 3,745,098 |
General and administrative expenses | 3,994,234 | 4,084,812 |
Total selling, general and administrative expenses | 7,366,875 | 7,829,910 |
Operating profit | 4,882,278 | 6,055,735 |
Non-operating income | ||
Interest income | 153,250 | 136,124 |
Dividend income | 24,996 | 28,383 |
Rental income | 29,790 | 28,129 |
Foreign exchange gains | 280,645 | - |
Gain on sale of scraps | 50,986 | 58,398 |
Refund of Chinese value-added-tax | 31,704 | 34,589 |
Sunlight selling income | 10,067 | 11,515 |
Other | 34,092 | 33,752 |
Total non-operating income | 615,533 | 330,893 |
Non-operating expenses | ||
Interest expenses | 34,061 | 18,703 |
Foreign exchange losses | - | 56,143 |
Sunlight selling production cost | 7,505 | 5,142 |
Other | 13,401 | 10,075 |
Total non-operating expenses | 54,967 | 90,066 |
Ordinary profit | 5,442,844 | 6,296,563 |
Extraordinary income | ||
Gain on sale of investment securities | - | 108,652 |
Total extraordinary income | - | 108,652 |
Extraordinary losses | ||
Loss on sale of non-current assets | - | 14,238 |
Loss on liquidation of subsidiaries and associates | 570,889 | 472,968 |
Total extraordinary losses | 570,889 | 487,207 |
Profit before income taxes | 4,871,954 | 5,918,008 |
Income taxes - current | 1,481,834 | 1,933,049 |
Income taxes - deferred | 113,078 | (98,481) |
Total income taxes | 1,594,913 | 1,834,568 |
Profit | 3,277,040 | 4,083,439 |
Profit attributable to non-controlling interests | 151,841 | 271,940 |
Profit attributable to owners of parent | 3,125,199 | 3,811,499 |
(Thousands of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Profit | 3,277,040 | 4,083,439 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 303,773 | 5,870 |
Foreign currency translation adjustment | 711,748 | 1,016,877 |
Remeasurements of defined benefit plans, net of tax | 80,120 | 17,757 |
Total other comprehensive income | 1,095,642 | 1,040,506 |
Comprehensive income | 4,372,683 | 5,123,946 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 4,170,044 | 4,881,386 |
Comprehensive income attributable to non-controlling interests | 202,638 | 242,559 |
(Thousands of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 3,143,675 | 2,931,466 | 24,353,090 | (1,476,255) | 28,951,976 |
Dividends of surplus | (1,885,626) | (1,885,626) | |||
Profit attributable to owners of parent | 3,125,199 | 3,125,199 | |||
Purchase of treasury shares | (1,599,967) | (1,599,967) | |||
Disposal of treasury shares | 25,301 | 47,604 | 72,906 | ||
Cancellation of treasury shares | (1,113,772) | 1,113,772 | - | ||
Transfer from retained earnings to capital surplus | 1,088,470 | (1,088,470) | - | ||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | - | 151,102 | (438,590) | (287,487) |
Balance at end of period | 3,143,675 | 2,931,466 | 24,504,193 | (1,914,845) | 28,664,488 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | ||||
Valuation difference on available-for-sale securities | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 357,202 | 1,827,048 | (42,856) | 2,141,394 | 412,855 | 31,506,226 |
Dividends of surplus | (1,885,626) | |||||
Profit attributable to owners of parent | 3,125,199 | |||||
Purchase of treasury shares | (1,599,967) | |||||
Disposal of treasury shares | 72,906 | |||||
Cancellation of treasury shares | - | |||||
Transfer from retained earnings to capital surplus | - | |||||
Net changes in items other than shareholders' equity | 303,773 | 660,951 | 80,120 | 1,044,844 | 202,638 | 1,247,483 |
Total changes during period | 303,773 | 660,951 | 80,120 | 1,044,844 | 202,638 | 959,995 |
Balance at end of period | 660,975 | 2,487,999 | 37,264 | 3,186,239 | 615,494 | 32,466,222 |
(Thousands of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 3,143,675 | 2,931,466 | 24,504,193 | (1,914,845) | 28,664,488 |
Dividends of surplus | (1,531,720) | (1,531,720) | |||
Profit attributable to owners of parent | 3,811,499 | 3,811,499 | |||
Purchase of treasury shares | (2,477,168) | (2,477,168) | |||
Disposal of treasury shares | 2,000 | 13,536 | 15,537 | ||
Cancellation of treasury shares | (3,744,328) | 3,744,328 | - | ||
Transfer from retained earnings to capital surplus | 3,742,328 | (3,742,328) | - | ||
Net changes in items other than shareholders' equity | |||||
Total changes during period | - | - | (1,462,549) | 1,280,696 | (181,852) |
Balance at end of period | 3,143,675 | 2,931,466 | 23,041,643 | (634,148) | 28,482,636 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | ||||
Valuation difference on available-for-sale securities | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 660,975 | 2,487,999 | 37,264 | 3,186,239 | 615,494 | 32,466,222 |
Dividends of surplus | (92,137) | (1,623,857) | ||||
Profit attributable to owners of parent | 3,811,499 | |||||
Purchase of treasury shares | (2,477,168) | |||||
Disposal of treasury shares | 15,537 | |||||
Cancellation of treasury shares | - | |||||
Transfer from retained earnings to capital surplus | - | |||||
Net changes in items other than shareholders' equity | 5,870 | 1,046,295 | 17,757 | 1,069,923 | 242,559 | 1,312,483 |
Total changes during period | 5,870 | 1,046,295 | 17,757 | 1,069,923 | 150,422 | 1,038,493 |
Balance at end of period | 666,846 | 3,534,294 | 55,021 | 4,256,163 | 765,916 | 33,504,715 |
(Thousands of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 4,871,954 | 5,918,008 |
Loss on liquidation of subsidiaries and associates | 570,889 | 472,968 |
Depreciation | 1,055,503 | 961,829 |
Increase (decrease) in allowance for doubtful accounts | (13,837) | (43,977) |
Increase (decrease) in net defined benefit asset or liability | (10,909) | (160,853) |
Interest and dividend income | (178,247) | (164,508) |
Interest expenses | 34,061 | 18,703 |
Foreign exchange losses (gains) | (98,121) | 12,297 |
Loss (gain) on sale of investment securities | - | (108,652) |
Loss (gain) on sale of property, plant and equipment | - | 14,238 |
Decrease (increase) in trade receivables | (1,138,264) | 112,277 |
Decrease (increase) in inventories | (304,123) | (473,174) |
Decrease (increase) in other current assets | (214,554) | (16,066) |
Increase (decrease) in trade payables | (216,677) | (127,192) |
Increase (decrease) in accrued consumption taxes | 78,266 | (7,761) |
Increase (decrease) in other current liabilities | (365,329) | (373,577) |
Other, net | (130,646) | (734,113) |
Subtotal | 3,939,963 | 5,300,444 |
Interest and dividends received | 176,739 | 166,463 |
Interest paid | (34,061) | (18,703) |
Income taxes paid | (1,687,541) | (1,503,537) |
Net cash provided by (used in) operating activities | 2,395,100 | 3,944,667 |
Cash flows from investing activities | ||
Payments into time deposits | (2,468,468) | (1,758,677) |
Proceeds from withdrawal of time deposits | 328,807 | 3,877,513 |
Purchase of property, plant and equipment | (785,639) | (998,127) |
Proceeds from sale of property, plant and equipment | 9,759 | 204,933 |
Purchase of intangible assets | (54,523) | (41,099) |
Purchase of investment securities | (3,039) | (1,617) |
Proceeds from sale of investment securities | - | 189,231 |
Loan advances | (3,784) | (5,725) |
Proceeds from collection of loans receivable | 3,531 | 4,001 |
Net cash provided by (used in) investing activities | (2,973,355) | 1,470,431 |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (320,000) | - |
Repayments of long-term borrowings | - | (88,690) |
Repayments of lease liabilities | (270,480) | (516,957) |
Purchase of treasury shares | (1,599,967) | (2,477,168) |
Dividends paid | (1,885,626) | (1,531,720) |
Dividends paid to non-controlling interests | - | (92,137) |
Net cash provided by (used in) financing activities | (4,076,074) | (4,706,674) |
Effect of exchange rate change on cash and cash equivalents | 585,389 | 455,773 |
Net increase (decrease) in cash and cash equivalents | (4,068,940) | 1,164,198 |
Cash and cash equivalents at beginning of period | 14,903,351 | 10,834,410 |
Cash and cash equivalents at end of period | 10,834,410 | 11,998,609 |
(Notes on segment information, etc.)
Overview of Reporting Segments
The Group's reporting segments are those of the constituent units of the Group for which separate financial information is available and are subject to periodic review by the Board of Directors in order to determine the allocation of management resources and evaluate business performance.
The Group mainly manufactures and sells pumps, and conducts business activities under a system in which the Company's Production Division and its subsidiaries in charge of manufacturing functions are responsible for manufacturing and purchasing, and the Company's Sales Division and subsidiaries in charge of external sales are responsible for sales. In addition, electronic components are manufactured and sold by certain subsidiaries. Accordingly, the Group has two reporting segments: the Pumps Business and the Electronic Components Business.
The Pump segment manufactures and sells canned motor pumps, metering pumps, and other pumps. The Electronic Components segment manufactures and sells automotive electrical components and substrates for industrial equipment.
Method of calculating the amount of sales, profit or loss, assets, and other items for each reporting segment
The accounting methods for the reported business segments are generally identical to those used in the consolidated financial statements. Profit in the reporting segment is a figure based on operating income.
Information on the amount of sales, profits or losses, assets, and other items for each reported segment, as well as information on the breakdown of revenue. The previous fiscal year (April 1, 2023 to March 31, 2024)
(Unit: 1 thousand yen)
Reportable segments | Other (Note) 1 | Total | |||
Pump unit | Electronic parts unit | Total | |||
Sales | |||||
Japan | 8,505,944 | 1,621,105 | 10,127,049 | 296,110 | 10,423,160 |
west | 6,350,873 | - | 6,350,873 | - | 6,350,873 |
Asia | 12,443,840 | - | 12,443,840 | - | 12,443,840 |
Revenue generated from customer contracts | 27,300,658 | 1,621,105 | 28,921,763 | 296,110 | 29,217,874 |
Revenues from external customers | 27,300,658 | 1,621,105 | 28,921,763 | 296,110 | 29,217,874 |
Transactions with other segments | - | - | - | - | - |
Total | 27,300,658 | 1,621,105 | 28,921,763 | 296,110 | 29,217,874 |
Segment profit (loss) | 4,907,284 | (61,518) | 4,845,765 | 36,513 | 4,882,278 |
Segment Assets | 40,166,218 | 1,555,992 | 41,722,211 | 318,110 | 42,040,322 |
Other items | |||||
Depreciation | 936,868 | 114,003 | 1,050,872 | 4,630 | 1,055,503 |
Impairment loss (Note)3 | - | 547,799 | 547,799 | - | 547,799 |
Increase in property, plant and equipment and intangible assets | 889,253 | 14,138 | 903,391 | 7,089 | 910,481 |
Note: 1. The "Other" category is a business segment that is not included in the reporting segment and includes special equipment.
Net sales are categorized by the countries or regions in which the Company and its consolidated subsidiaries are located.
Impairment losses are included in the loss on restructuring of affiliated companies in the consolidated financial statements (extraordinary loss). The current fiscal year (April 1, 2024 to March 31, 2025)
(Unit: 1 thousand yen)
Reportable segments
Other (Note) 1
Total
Pump unit
Electronic parts unit
Total
Sales
Japan
8,964,694
1,004,191
9,968,886
252,901
10,221,788
west
8,049,082
-
8,049,082
-
8,049,082
Asia
12,275,416
-
12,275,416
-
12,275,416
Revenue generated from customer contracts
29,289,194
1,004,191
30,293,385
252,901
30,546,287
Revenues from external customers
29,289,194
1,004,191
30,293,385
252,901
30,546,287
Transactions with other segments
-
-
-
-
-
Total
29,289,194
1,004,191
30,293,385
252,901
30,546,287
Segment profit (loss)
6,103,613
(77,828)
6,025,785
29,950
6,055,735
Segment Assets
41,370,096
781,140
42,151,237
245,330
42,396,568
Other items
Depreciation
929,051
28,318
957,369
4,459
961,829
Impairment losses
-
-
-
-
-
Increase in property, plant and equipment and intangible assets
854,689
-
854,689
6,898
861,587
Note: 1. The "Other" category is a business segment that is not included in the reporting segment and includes special equipment.
2. Net sales are categorized by the countries or regions in which the Company and its consolidated subsidiaries are located.
Difference between the Total Amount of Reporting Segments and the Amount Recorded in Consolidated Financial Statements, and Main Details of the Difference (Matters Related to Adjustment of Differences)
(Unit: 1 thousand yen)
Sales
The previous fiscal year
The current fiscal year
Total Reporting Segments
28,921,763
30,293,385
Sales in the "Other" segment
296,110
252,901
Sales in consolidated financial statements
29,217,874
30,546,287
(Unit: 1 thousand yen)
benefit
The previous fiscal year
The current fiscal year
Total Reporting Segments
4,845,765
6,025,785
Benefits of the "Other" category
36,513
29,950
Operating income in consolidated financial statements
4,882,278
6,055,735
(Unit: 1 thousand yen)
Assets
The previous fiscal year
The current fiscal year
Total Reporting Segments
41,722,211
42,151,237
Assets in the "Other" category
318,110
245,330
Total assets in consolidated financial statements
42,040,322
42,396,568
(Unit: 1 thousand yen)
Other items
Total Reporting Segments
Other
Per consolidated financial statements
The previous fiscal year
The current fiscal year
The previous fiscal year
The current fiscal year
The previous fiscal year
The current fiscal year
Depreciation
1,050,872
957,369
4,630
4,459
1,055,503
961,829
Increase in property, plant and equipment and intangible assets
903,391
854,689
7,089
6,898
910,481
861,587
Related Information
The previous fiscal year (April 1, 2023 to March 31, 2024)
Product and Service Information
(Unit: 1 thousand yen)
Pump unit
Electronic parts unit
Other
Total
Revenues from external customers
27,300,658
1,621,105
296,110
29,217,874
Regional Information
Net sales
(Unit: 1 thousand yen)
Japan
Asia & Oceania
Americas
Other
Total
China
Other
United States
Other
8,622,718
9,789,855
3,829,489
5,617,491
341,771
1,016,548
29,217,874
Note: Sales are based on the location of the customer and are categorized by country or region.
Property, plant and equipment
(Unit: 1 thousand yen)
Japan
Asia & Oceania
Americas
Other
Total
China
Other
6,552,639
965,008
293,732
821,957
25,350
8,658,688
Information per main customer
(Unit: 1 thousand yen)
Name or surname of the customer | Sales | Relevant Segment Names |
Mitsubishi Electric Corporation | 1,717,741 | Pump Business, Electronic Components Business |
The current fiscal year (April 1, 2024 to March 31, 2025)
Product and Service Information
(Unit: 1 thousand yen)
Pump unit
Electronic parts unit
Other
Total
Revenues from external customers
29,289,194
1,004,191
252,901
30,546,287
Regional Information
Net sales
(Unit: 1 thousand yen)
Japan
Asia & Oceania
Americas
Other
Total
China
Other
United States
Other
8,326,173
8,941,783
4,744,721
6,508,855
940,841
1,083,912
30,546,287
Note: Sales are based on the location of the customer and are categorized by country or region.
Property, plant and equipment
(Unit: 1 thousand yen)
Japan
Asia & Oceania
Americas
Other
Total
China
Other
6,249,467
1,485,499
215,049
779,584
24,781
8,754,381
Information per main customer
(Unit: 1 thousand yen)
Name or surname of the customer | Sales | Relevant Segment Names |
Mitsubishi Electric Corporation | 1,097,943 | Pump Business, Electronic Components Business |
Information on impairment losses on fixed assets by reporting segment The previous fiscal year (April 1, 2023 to March 31, 2024)
Since the same information is disclosed in the segment information, it is omitted.
The current fiscal year (April 1, 2024 to March 31, 2025) Not applicable.
Information on amortization and unamortized balances of goodwill by reporting segment Not applicable.
Information on Negative Goodwill Accrual Gains by Reporting Segment Not applicable.
Balance sheet(Thousands of yen)
As of March 31, 2024 | As of March 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 4,262,060 | 3,959,947 |
Notes receivable - trade | 81,299 | 80,809 |
Electronically recorded monetary claims - operating | 1,076,777 | 983,445 |
Accounts receivable - trade, and contract assets | 5,137,362 | 5,454,054 |
Finished goods | 239,514 | 312,819 |
Work in process | 608,406 | 752,852 |
Raw materials and supplies | 1,409,260 | 1,381,387 |
Prepaid expenses | 59,629 | 65,540 |
Short-term loans receivable from subsidiaries and associates | 545,810 | 1,000,000 |
Accounts receivable - other | 237,026 | 321,358 |
Other | 23,379 | 114,964 |
Allowance for doubtful accounts | (1,000) | (121,000) |
Total current assets | 13,679,526 | 14,306,180 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings | 2,859,606 | 2,708,663 |
Structures | 227,501 | 201,337 |
Machinery and equipment | 829,059 | 773,797 |
Vehicles | 4,517 | 4,593 |
Tools, furniture and fixtures | 94,147 | 78,090 |
Land | 897,904 | 886,336 |
Leased assets | 11,781 | 8,421 |
Construction in progress | 74,444 | 9,596 |
Total property, plant and equipment | 4,998,963 | 4,670,837 |
Intangible assets | ||
Software | 113,990 | 72,045 |
Software in progress | - | 16,000 |
Telephone subscription right | 4,232 | 4,232 |
Total intangible assets | 118,222 | 92,277 |
Investments and other assets | ||
Investment securities | 1,108,422 | 1,147,726 |
Shares of subsidiaries and associates | 1,917,887 | 1,907,797 |
Investments in capital | 30 | 30 |
Investments in capital of subsidiaries and associates | 815,405 | 815,405 |
Long-term loans receivable from employees | 7,471 | 9,195 |
Long-term prepaid expenses | 29,550 | 26,390 |
Membership | 32,200 | 11,200 |
Prepaid pension costs | 149,613 | 154,643 |
Deferred tax assets | 122,764 | 174,680 |
Other | 44,690 | 43,360 |
Allowance for doubtful accounts | (27,500) | (6,800) |
Total investments and other assets | 4,200,536 | 4,283,628 |
Total non-current assets | 9,317,722 | 9,046,744 |
Total assets | 22,997,248 | 23,352,924 |
(Thousands of yen)
As of March 31, 2024 | As of March 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes payable - trade | 54,092 | 52,203 |
Electronically recorded obligations - operating | 647,310 | 453,169 |
Accounts payable - trade | 291,296 | 390,106 |
Lease liabilities | 3,696 | 3,327 |
Accounts payable - other | 434,613 | 272,516 |
Income taxes payable | 430,185 | 678,736 |
Accrued consumption taxes | 71,233 | 80,049 |
Contract liabilities | 15,409 | 73,523 |
Deposits received | 339,886 | 376,148 |
Provision for product warranties | 19,158 | 18,656 |
Provision for bonuses | 380,484 | 408,728 |
Other | 19,893 | 26,956 |
Total current liabilities | 2,707,259 | 2,834,123 |
Non-current liabilities | ||
Lease liabilities | 9,263 | 5,936 |
Provision for retirement benefits | 184,217 | 226,046 |
Other | 2,300 | 2,300 |
Total non-current liabilities | 195,781 | 234,283 |
Total liabilities | 2,903,041 | 3,068,406 |
Net assets | ||
Shareholders' equity | ||
Share capital | 3,143,675 | 3,143,675 |
Capital surplus | ||
Legal capital surplus | 2,931,466 | 2,931,466 |
Total capital surplus | 2,931,466 | 2,931,466 |
Retained earnings | ||
Legal retained earnings | 145,275 | 145,275 |
Other retained earnings | ||
Reserve for tax purpose reduction entry of non-current assets | 144,566 | 137,033 |
General reserve | 6,211,000 | 6,211,000 |
Retained earnings brought forward | 8,817,806 | 7,683,369 |
Total retained earnings | 15,318,648 | 14,176,678 |
Treasury shares | (1,914,845) | (634,148) |
Total shareholders' equity | 19,478,944 | 19,617,671 |
Valuation and translation adjustments | ||
Valuation difference on available-for-sale securities | 615,262 | 666,846 |
Total valuation and translation adjustments | 615,262 | 666,846 |
Total net assets | 20,094,207 | 20,284,517 |
Total liabilities and net assets | 22,997,248 | 23,352,924 |
(Thousands of yen)
Fiscal year ended March 31, 2024 | Fiscal year ended March 31, 2025 | |
Net sales | 12,196,147 | 13,603,882 |
Cost of sales | 7,534,879 | 8,079,323 |
Gross profit | 4,661,267 | 5,524,558 |
Selling, general and administrative expenses | 2,803,594 | 2,754,970 |
Operating profit | 1,857,673 | 2,769,587 |
Non-operating income | ||
Interest and dividend income | 2,664,642 | 2,678,858 |
Foreign exchange gains | 256,471 | - |
Rental income | 41,632 | 40,562 |
Consulting fee income | 6,305 | 5,866 |
Sunlight selling income | 10,067 | 11,515 |
Other | 21,867 | 11,430 |
Total non-operating income | 3,000,986 | 2,748,232 |
Non-operating expenses | ||
Interest expenses | 1,335 | 1,457 |
Foreign exchange losses | - | 79,574 |
Rental expenses | 14,426 | 14,082 |
Sunlight selling production cost | 7,505 | 5,142 |
Other | 301 | 300 |
Total non-operating expenses | 23,569 | 100,557 |
Ordinary profit | 4,835,090 | 5,417,262 |
Extraordinary income | ||
Gain on sale of investment securities | - | 29,311 |
Total extraordinary income | - | 29,311 |
Extraordinary losses | ||
Loss on sale of non-current assets | - | 7,567 |
Loss on valuation of shares of subsidiaries and associates | - | 10,090 |
Loss on liquidation of subsidiaries and associates | - | 209,500 |
Total extraordinary losses | - | 227,157 |
Profit before income taxes | 4,835,090 | 5,219,416 |
Income taxes - current | 818,468 | 1,174,622 |
Income taxes - deferred | 46,757 | (87,284) |
Total income taxes | 865,225 | 1,087,337 |
Profit | 3,969,865 | 4,132,078 |
(Thousands of yen)
Shareholders' equity | |||||||||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |||||||
Legal capital surplus | Other capital surplus | Total capital surplus | Legal retained earnings | Other retained earnings | Total retained earnings | ||||||
Reserve for tax purpose reduction entry of non-current assets | General reserve | Retained earnings brought forward | |||||||||
Balance at beginning of period | 3,143,675 | 2,931,466 | - | 2,931,466 | 145,275 | 150,375 | 6,211,000 | 7,816,229 | 14,322,880 | (1,476,255) | 18,921,766 |
Reversal of reserve for tax purpose reduction entry of non-current assets | (5,808) | 5,808 | - | - | |||||||
Dividends of surplus | (1,885,626) | (1,885,626) | (1,885,626) | ||||||||
Profit | 3,969,865 | 3,969,865 | 3,969,865 | ||||||||
Purchase of treasury shares | (1,599,967) | (1,599,967) | |||||||||
Disposal of treasury shares | 25,301 | 25,301 | - | 47,604 | 72,906 | ||||||
Cancellation of treasury shares | (1,113,772) | (1,113,772) | - | 1,113,772 | - | ||||||
Transfer from retained earnings to capital surplus | 1,088,470 | 1,088,470 | (1,088,470) | (1,088,470) | - | ||||||
Net changes in items other than shareholders' equity | |||||||||||
Total changes during period | - | - | - | - | - | (5,808) | - | 1,001,576 | 995,767 | (438,590) | 557,177 |
Balance at end of period | 3,143,675 | 2,931,466 | - | 2,931,466 | 145,275 | 144,566 | 6,211,000 | 8,817,806 | 15,318,648 | (1,914,845) | 19,478,944 |
Valuation and translation adjustments | Total net assets | |
Valuation difference on available-for-sale securities | ||
Balance at beginning of period | 336,056 | 19,257,823 |
Reversal of reserve for tax purpose reduction entry of non-current assets | - | |
Dividends of surplus | (1,885,626) | |
Profit | 3,969,865 | |
Purchase of treasury shares | (1,599,967) | |
Disposal of treasury shares | 72,906 | |
Cancellation of treasury shares | - | |
Transfer from retained earnings to capital surplus | - | |
Net changes in items other than shareholders' equity | 279,206 | 279,206 |
Total changes during period | 279,206 | 836,383 |
Balance at end of period | 615,262 | 20,094,207 |
(Thousands of yen)
Shareholders' equity | |||||||||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |||||||
Legal capital surplus | Other capital surplus | Total capital surplus | Legal retained earnings | Other retained earnings | Total retained earnings | ||||||
Reserve for tax purpose reduction entry of non-current assets | General reserve | Retained earnings brought forward | |||||||||
Balance at beginning of period | 3,143,675 | 2,931,466 | - | 2,931,466 | 145,275 | 144,566 | 6,211,000 | 8,817,806 | 15,318,648 | (1,914,845) | 19,478,944 |
Reversal of reserve for tax purpose reduction entry of non-current assets | (7,533) | 7,533 | - | - | |||||||
Dividends of surplus | (1,531,720) | (1,531,720) | (1,531,720) | ||||||||
Profit | 4,132,078 | 4,132,078 | 4,132,078 | ||||||||
Purchase of treasury shares | - | (2,477,168) | (2,477,168) | ||||||||
Disposal of treasury shares | 2,000 | 2,000 | - | 13,536 | 15,537 | ||||||
Cancellation of treasury shares | (3,744,328) | (3,744,328) | - | 3,744,328 | - | ||||||
Transfer from retained earnings to capital surplus | 3,742,328 | 3,742,328 | (3,742,328) | (3,742,328) | - | ||||||
Net changes in items other than shareholders' equity | - | - | |||||||||
Total changes during period | - | - | - | - | - | (7,533) | - | (1,134,436) | (1,141,969) | 1,280,696 | 138,726 |
Balance at end of period | 3,143,675 | 2,931,466 | - | 2,931,466 | 145,275 | 137,033 | 6,211,000 | 7,683,369 | 14,176,678 | (634,148) | 19,617,671 |
Valuation and translation adjustments | Total net assets | |
Valuation difference on available-for-sale securities | ||
Balance at beginning of period | 615,262 | 20,094,207 |
Reversal of reserve for tax purpose reduction entry of non-current assets | - | |
Dividends of surplus | (1,531,720) | |
Profit | 4,132,078 | |
Purchase of treasury shares | (2,477,168) | |
Disposal of treasury shares | 15,537 | |
Cancellation of treasury shares | - | |
Transfer from retained earnings to capital surplus | - | |
Net changes in items other than shareholders' equity | 51,583 | 51,583 |
Total changes during period | 51,583 | 190,310 |
Balance at end of period | 666,846 | 20,284,517 |