- Sales continue to grow steadily in both Maintenance & repair and Modernization.
- GP margin improved YoY due to productivity gains resulting from an increase in the number of maintenance contracts, as well as higher unit prices for modernization.
- The OP margin before amortization of goodwill was 19.6%, a significant improvement of 2.1 percentage points YoY, due to the improved GP margin and the effect of controlled spending on SG&A expenses, and it is progressing steadily toward the target of the midterm management plan target.
(millions of yen, yen, %)
|
6 months ended |
6 months ended |
YoY change |
||||
|
September 2024 |
September 2025 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Net sales |
23,264 |
100.0 |
26,912 |
100.0 |
3,647 |
15.7 |
|
Operating profit |
3,926 |
16.9 |
5,131 |
19.1 |
1,204 |
30.7 |
|
Ordinary profit |
3,946 |
17.0 |
5,139 |
19.1 |
1,193 |
30.2 |
|
Interim profit attributable to owners of parent |
2,522 |
10.8 |
3,291 |
12.2 |
769 |
30.5 |
|
(Depreciation) |
756 |
3.3 |
724 |
2.7 |
-31 |
-4.2 |
|
(Amortization of goodwill) |
133 |
0.6 |
134 |
0.5 |
0 |
0.3 |
|
OP before amortization |
4,059 |
17.5 |
5,265 |
19.6 |
1,205 |
29.7 |
|
EPS* |
14.16 |
-- |
18.48 |
-- |
4.32 |
30.5 |
*The Company conducted a two for one stock split of ordinary shares on October 1, 2025. Interim 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.
- Sales of repair continued to grow at a faster pace than the growth in the maintenance contracts, due to active proposals to customers.
- Sales of modernization continued to grow by around 20% as the Company continued to increase unit prices and the number of shipments.
(millions of yen, yen, %)
|
6 months ended |
6 months ended |
YoY change |
||||
|
September 2024 |
September 2025 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Maintenance & Repair |
14,691 |
63.1 |
16,737 |
62.2 |
2,045 |
13.9 |
|
Modernization |
7,822 |
33.6 |
9,544 |
35.5 |
1,721 |
22.0 |
|
Other |
750 |
3.2 |
630 |
2.3 |
-120 |
-16.0 |
|
Total |
23,264 |
100.0 |
26,912 |
100.0 |
3,647 |
15.7 |
- The number of domestic maintenance contracts exceeded 120 thousand. The net increase was 7,350 units, all organic, the number was in line with our annual target.
- Robust modernization shipments continued, partly thanks to the contribution of JIK. Steady progress has been made against the annual target.
- The number of offices increased by three to 151 (as of November 1), due to the increase of offices in Kyushu, Okinawa and Saitama, reflecting the increase in contracts in there areas.
- The number of employees has increased by 195 since the end of the previous fiscal year. In addition to new graduates, the company continued to actively recruit in mid-career personnel.
(units,person)
|
FY Ended March 2022 |
FY Ended March 2023 |
FY Ended March 2024 |
FY Ended March 2025 |
6 months ended September 2025 |
||
|
Actual |
Actual |
Actual |
Actual |
Actual |
（Change YtD) |
|
|
Maintenance contracts |
79,000 |
88,630 |
100,230 |
113,520 |
120,870 |
+ 7,350 |
|
Modernization (cumlative) |
1,150 |
1,530 |
1,930 |
2,230 |
1,200 |
+ 140 |
|
Parking equipment |
18,830 |
22,050 |
24,660 |
26,740 |
27,230 |
+ 490 |
|
No. of offices |
124 |
132 |
138 |
148 |
150 |
+ 2 |
|
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 |
2,223 1,436 274 |
+195 +165 +2 |