- Sales and profits both exceeded the earnings forecast revised upward in November 2025.
- Gross profit margins continued to improve, driven by a significant increase in unit prices from modernization and ongoing productivity gains resulting from an increase in the number of maintenance contracts.
- Efforts to curb SG&A expenses also proved effective, with the SG&A ratio falling to 19.6%. Operating profit rose 27.7% YoY, outpacing sales growth. The operating profit margin before goodwill amortization improved by 1.6 percentage points YoY to a high level of 19.6%.
(millions of yen, yen, %)
|
Fiscal Year Ended |
Fiscal Year Ended |
YoY change |
||||
|
March 2025 |
March 2026 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Net sales |
49,375 |
100.0 |
57,601 |
100.0 |
8,226 |
16.7 |
|
Operating profit |
8,624 |
17.5 |
11,010 |
19.1 |
2,385 |
27.7 |
|
Ordinary profit |
8,621 |
17.5 |
11,006 |
19.1 |
2,384 |
27.7 |
|
Profit attributable to owners of parent |
5,530 |
11.2 |
7,319 |
12.7 |
1,789 |
32.4 |
|
(Depreciation) |
1,562 |
3.2 |
1,587 |
2.8 |
24 |
1.6 |
|
(Amortization of goodwill) |
276 |
0.6 |
291 |
0.5 |
15 |
5.6 |
|
OP before amortization |
8,900 |
18.0 |
11,301 |
19.6 |
2,400 |
27.0 |
|
EPS* |
31.05 |
-- |
41.05 |
-- |
10.00 |
32.2 |
*The Company conducted a two for one stock split of ordinary shares on October 1, 2025. Earnings per share is calculated assuming that the stock split was conducted at the beginning of the previous fiscal year.
- Steady growth in sales of maintenance continued in line with the increase in maintenance contracts.
- Our proactive proposals to customers continue to take effect, with sales of repair growing faster than maintenance contracts.
- In the second half, both the number and unit price of the modernization increased significantly, and sales increased by 25.8% compared to the previous year.
(millions of yen, yen, %)
|
Fiscal Year Ended |
Fiscal Year Ended |
YoY change |
||||
|
March 2025 |
March 2026 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Maintenance & Repair |
30,538 |
61.8 |
34,499 |
59.9 |
3,961 |
13.0 |
|
Modernization |
17,325 |
35.1 |
21,801 |
37.8 |
4,475 |
25.8 |
|
Other |
1,511 |
3.1 |
1,300 |
2.3 |
-210 |
-13.9 |
|
Total |
49,375 |
100.0 |
57,601 |
100.0 |
8,226 |
16.7 |
- The number of domestic maintenance contracts increased to 126,840. The net increase of 13,320 units was in line with the number previous year. (The net increase reflected approximately 230 units from Showa Yusoki Tohoku in the previous year, 350 units from Naka Elevator and 180 from the assumption of the car lift business in this year.)
- The number of modernization shipment was 2,620 units, This represents a significant increase of 390 units compared to the previous year, driven by increased efforts to meet strong demand.
- The company continued to expand its network of offices, including the opening of a new office in Oita, a new market, in March. With the acquisition of businesses including Naka Elevator, the total number of offices now stands at 156 (as of May 1.)
- Since the end of the previous fiscal year, the number of employees has increased by 258. To support business expansion, the company continued to hire new graduates and mid-career employees to expand its technical and sales personnel.
(units,person)
|
FY Ended March 2022 |
FY Ended March 2023 |
FY Ended March 2024 |
FY Ended March 2025 |
Fiscal Year Ended March 2026 |
||
|
Actual |
Actual |
Actual |
Actual |
Actual |
（Change YtD) |
|
|
Maintenance contracts |
79,000 |
88,630 |
100,230 |
113,520 |
126,840 |
+ 13,320 |
|
Modernization (cumlative) |
1,150 |
1,530 |
1,930 |
2,230 |
2,620 |
+ 390 |
|
Parking equipment |
18,830 |
22,050 |
24,660 |
26,740 |
27,650 |
+ 910 |
|
No. of offices |
124 |
132 |
138 |
148 |
155 |
+ 7 |
|
No. of employees Technical personnel Sales personnel |
1,618 1,003 195 |
1,766 1,096 218 |
1,868 1,159 248 |
2,028 1,271 272 |
2,286 1,452 305 |
+ 258 + 181 + 33 |