- Although modernization accounting for nearly 40% of sales, the gross profit margin remained at a high level, driven by a significant increase in unit prices for modernization and continued productivity gains resulting from an increase in the number of maintenance contracts numbers.
- Efforts to control SG&A spending also proved effective, with the SG&A ratio falling to 19.5%. Operating profits increased by 21.5% YoY, outpacing the sales growth. The operating profit margin before goodwill amortization improved by 0.6 percentage points YoY to 19.7%.
(millions of yen, yen, %)
|
3 months ended |
3 months ended |
YoY change |
||||
|
June 2025 |
June 2026 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Net sales |
13,433 |
100.0 |
15,778 |
100.0 |
2,345 |
17.5 |
|
Operating profit |
2,505 |
18.6 |
3,044 |
19.3 |
538 |
21.5 |
|
Ordinary profit |
2,513 |
18.7 |
3,024 |
19.2 |
511 |
20.3 |
|
Profit attributable to owners of parent |
1,608 |
12.0 |
1,924 |
12.2 |
315 |
19.6 |
|
(Depreciation) |
355 |
2.6 |
426 |
2.7 |
71 |
20.0 |
|
(Amortization of goodwill) |
67 |
0.5 |
69 |
0.4 |
2 |
3.3 |
|
OP before amortization |
2,572 |
19.1 |
3,113 |
19.7 |
541 |
21.0 |
|
EPS* |
9.03 |
-- |
10.76 |
-- |
1.73 |
19.2 |
*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.
- Net sales from maintenance and repair services showed stable growth in line with the increase in the number of maintenance contracts.
- Modernization saw growth in both the number of units and the average unit price, and net sales rising significantly by 30.4% YoY.
- In other sales overseas operations returned to an upward trend.
(millions of yen, yen, %)
|
3 months ended |
3 months ended |
YoY change |
||||
|
June 2025 |
June 2026 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Maintenance & Repair |
8,315 |
61.9 |
9,186 |
58.2 |
870 |
10.5 |
|
Modernization |
4,791 |
35.7 |
6,246 |
39.6 |
1,454 |
30.4 |
|
Other |
326 |
2.4 |
345 |
2.2 |
19 |
6.0 |
|
Total |
13,433 |
100.0 |
15,778 |
100.0 |
2,345 |
17.5 |
- The number of domestic maintenance contracts has exceeded 130,000 units. Net increase of 4,310 units matched that of the same period last year. Despite some volatility due to a concentration of expiring tender contracts, the number of new contracts exceeded the previous year’s level thanks to strengthened sales efforts.
- The number of modernization shipments increased from 620 units to 700 units compared to the same period last year. Large-scale projects, escalators, and a new installation project also contributed, leading to a significant increase in the average unit price.
- On June 1, the Miyazaki service office was opened, bringing the total number of locations to 158. We now have presence in all prefectures.
- The number of employees increased by 157 from the end of the previous fiscal year. In addition to recruiting new graduates, the company continued to actively hire mid-career personnel, strengthening the organization as a whole to support business expansion, including both technical and sales personnel.
(units,person)
|
FY Ended March 2023 |
FY Ended March 2024 |
FY Ended March 2025 |
FY Ended March 2025 |
3 months ended June 2026 |
||
|
Actual |
Actual |
Actual |
Actual |
Actual |
（Change YtD) |
|
|
Maintenance contracts |
88,630 |
100,230 |
113,520 |
113,520 |
131,150 |
+ 4,310 |
|
Modernization (cumlative) |
1,530 |
1,930 |
2,230 |
2,230 |
700 |
+ 80 |
|
Parking equipment (No. of pallets) |
22,050 |
24,660 |
26,740 |
26,740 |
28,790 |
+ 1,140 |
|
No. of offices |
132 |
138 |
148 |
148 |
158 |
+ 3 |
|
No. of employees Technical personnel Sales personnel |
1,766 1,096 218 |
1,868 1,159 248 |
2,028 1,271 272 |
2,028 1,271 272 |
2,443 1,578 315 |
+ 157 + 126 + 10 |