Financial Highlights
- Net Sales: ¥49.37B
- Operating Income: ¥-771M
- Net Income: ¥262M
- EPS: ¥4.23
Income Statement
| Item | Current | Prior | YoY % |
|---|---|---|---|
| Net Sales | ¥49.37B | ¥46.24B | +6.8% |
| Cost of Sales | ¥40.32B | ¥37.56B | +7.4% |
| Gross Profit | ¥9.05B | ¥8.68B | +4.3% |
| SG&A Expenses | ¥9.82B | ¥9.11B | +7.8% |
| Operating Income | −¥771M | −¥433M | −78.1% |
| Non-operating Income | ¥1.04B | ¥819M | +27.0% |
| Non-operating Expenses | ¥366M | ¥265M | +38.1% |
| Ordinary Income | −¥96M | ¥119M | −180.7% |
| Profit Before Tax | ¥586M | ¥283M | +107.1% |
| Income Tax Expense | ¥324M | ¥5M | +6380.0% |
| Net Income | ¥262M | ¥277M | −5.4% |
| Net Income Attributable to Owners | ¥262M | ¥277M | −5.4% |
| Total Comprehensive Income | ¥1.13B | −¥1.07B | +205.5% |
| Depreciation & Amortization | ¥1.40B | ¥1.41B | −0.8% |
| Interest Expense | ¥271M | ¥176M | +54.0% |
| Basic EPS | ¥4.23 | ¥4.43 | −4.5% |
Balance Sheet
| Item | Current End | Prior End | Change |
|---|---|---|---|
| Current Assets | ¥92.49B | ¥92.83B | −¥339M |
| Cash and Deposits | ¥8.33B | ¥8.17B | +¥163M |
| Accounts Receivable | ¥19.45B | ¥28.15B | −¥8.70B |
| Non-current Assets | ¥35.02B | ¥33.17B | +¥1.85B |
| Property, Plant & Equipment | ¥13.78B | ¥14.24B | −¥469M |
| Intangible Assets | ¥410M | ¥449M | −¥39M |
| Investment Securities | ¥13.15B | ¥11.99B | +¥1.16B |
| Total Assets | ¥127.52B | ¥126.00B | +¥1.51B |
| Current Liabilities | ¥60.18B | ¥58.44B | +¥1.74B |
| Accounts Payable | ¥7.03B | ¥9.41B | −¥2.38B |
| Short-term Loans | ¥27.40B | ¥15.70B | +¥11.70B |
| Non-current Liabilities | ¥16.44B | ¥15.86B | +¥581M |
| Long-term Loans | ¥11.60B | ¥11.80B | −¥200M |
| Total Liabilities | ¥76.61B | ¥74.29B | +¥2.32B |
| Total Equity | ¥50.90B | ¥51.71B | −¥810M |
| Capital Stock | ¥6.27B | ¥6.27B | ¥0 |
| Capital Surplus | ¥4.62B | ¥4.62B | ¥0 |
| Retained Earnings | ¥35.22B | ¥36.40B | −¥1.18B |
| Treasury Stock | −¥545M | −¥45M | −¥500M |
| Owners' Equity | ¥50.90B | ¥51.71B | −¥810M |
| Working Capital | ¥32.31B | - | - |
Cash Flow Statement
| Item | Current | Prior | Change |
|---|---|---|---|
| Operating Cash Flow | −¥6.00B | −¥8.51B | +¥2.51B |
| Investing Cash Flow | −¥1.53B | −¥1.41B | −¥117M |
| Financing Cash Flow | ¥6.59B | ¥6.41B | +¥183M |
| Free Cash Flow | −¥7.53B | - | - |
Profitability Ratios
| Item | Value |
|---|---|
| Net Profit Margin | 0.5% |
| Gross Profit Margin | 18.3% |
| Current Ratio | 153.7% |
| Quick Ratio | 153.7% |
| Debt-to-Equity Ratio | 1.51x |
| Interest Coverage Ratio | −2.85x |
| EBITDA Margin | 1.3% |
| Effective Tax Rate | 55.3% |
Year-over-Year Comparison
| Item | YoY Change |
|---|---|
| Net Sales YoY Change | +6.8% |
| Ordinary Income YoY Change | −180.7% |
| Profit Before Tax YoY Change | +107.1% |
| Net Income YoY Change | −5.4% |
| Net Income Attributable to Owners YoY Change | −5.5% |
Share Information
| Item | Value |
|---|---|
| Shares Outstanding (incl. Treasury) | 62.84M shares |
| Treasury Stock | 1.12M shares |
| Average Shares Outstanding | 62.05M shares |
| Book Value Per Share | ¥824.68 |
| EBITDA | ¥630M |
Dividend Information
| Item | Amount |
|---|---|
| Q2 Dividend | ¥5.00 |
Segment Information
| Segment | Revenue | Operating Income |
|---|---|---|
| PowerElectronics | ¥8.44B | −¥157M |
| RailwaySignalingSystemsAndTrafficManagementSystems | ¥40.94B | ¥3.16B |
Full Year Forecast
| Item | Forecast |
|---|---|
| Net Sales Forecast | ¥86.00B |
| Operating Income Forecast | ¥4.70B |
| Ordinary Income Forecast | ¥5.00B |
| Net Income Attributable to Owners Forecast | ¥3.50B |
| Basic EPS Forecast | ¥55.81 |
| Dividend Per Share Forecast | ¥23.00 |