- Fiscal year ended March 31, 2024 was marked by a significant increase in sales and profit due to changes in the business environment. In fiscal year ended March 31, 2025 the business environment continued to be favorable and each business performed well, especially repair sales, resulting in sales exceeding the initial forecast.
- The OP margin improved 1.3% to 17.5% YoY, thanks to productivity gain resulting from an increase in the number of maintenance contracts, a lower labor cost ratio due to the effect of hiring new graduates, and thorough control of SG&A expenses.
- Net income attributable to owners of parent exceeded the original forecast of 5.1 billion yen to reach a record high, despite the impairment loss.
(millions of yen, yen, %)
|
Fisical Year ended |
Fiscal Year ended |
YoY change |
||||
|
March 2024 |
March 2025 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Net sales |
42,216 |
100.0 |
49,375 |
100.0 |
7,158 |
17.0 |
|
Operating profit |
6,821 |
16.2 |
8,624 |
17.5 |
1,803 |
26.4 |
|
Ordinary profit |
6,851 |
16.2 |
8,621 |
17.5 |
1,769 |
25.8 |
|
Profit attributable to owners of parent |
4,515 |
10.7 |
5,530 |
11.2 |
1,014 |
22.5 |
|
(Depreciation) |
1,403 |
3.3 |
1,562 |
3.2 |
159 |
11.3 |
|
(Amortization) |
269 |
0.6 |
276 |
0.6 |
6 |
2.3 |
|
OP before amortization |
7,090 |
16.8 |
8,900 |
18.0 |
1,809 |
25.5 |
|
EPS |
50.71 |
-- |
62.10 |
-- |
11.39 |
22.5 |
- Maintenance sales continue to grow steadily in line with the increase in the number of maintenance contracts.
- Sales of repair exceeded expectations, due in part to aggressive sales activities.
- Demand for modernization remained strong. Both unit volumes and average unit prices were higher than in the previous year, contributing to revenue growth of over 20%.
(millions of yen, yen, %)
|
Fiscal Year ended |
Fiscal Year ended |
YoY change |
||||
|
March 2024 |
March 2025 |
|||||
|
Amount |
% of sales |
Amount |
% of sales |
Amount |
% |
|
|
Maintenance & Repair |
26,531 |
62.8 |
30,538 |
61.8 |
4,006 |
15.1 |
|
Modernization |
14,255 |
33.8 |
17,325 |
35.1 |
3,070 |
21.5 |
|
Other |
1,429 |
3.4 |
1,511 |
3.1 |
81 |
5.7 |
|
Total |
42,216 |
100.0 |
49,375 |
100.0 |
7,158 |
17.0 |
- The number of domestic maintenance contracts was 113,520. Net organic growth reached a record high of approximately 13,000※units driven by nationwide expansion and sales force reinforcement.
- Demand for modernization remained strong, and shipments increased as expected to 2,230 units (up 300 units from last year) due to the strengthening of the sales structure and the contribution of JIK.
- Following Saga and Yamaguchi, the Company opened an office in Nagasaki in April, bringing the total number of offices to 149 as of May 1. In line with our intention to strengthen the workforce the number of employees increased by 160 from the previous fiscal year including 112 technical personnel and 24 sales personnel.
※Adjusted for approximately 230 units of Showa Yusoki Tohoku Co., Ltd., which was acquired on October 1, 2024.
(units,person)
|
FY Ended March 2021 |
FY Ended March 2022 |
FY Ended March 2023 |
FY Ended March 2024 |
FY Ended March 2025 |
||
|
Actual |
Actual |
Actual |
Actual |
Actual |
（Change YtD) |
|
|
Maintenance contracts |
67,500 |
79,000 |
88,630 |
100,230 |
113,520 |
+ 13,290 |
|
Modernization (cumlative) |
920 |
1,150 |
1,530 |
1,930 |
2,230 |
+ 300 |
|
Parking equipments |
-- |
18,830 |
22,050 |
24,660 |
26,740 |
+ 2,080 |
|
No. of offices |
101 |
124 |
132 |
138 |
148 |
+ 10 |
|
No. of Employees Technical personnel Sales personnel |
1,398 881 156 |
1,618 1,003 195 |
1,766 1,096 218 |
1,868 1,159 248 |
2,028 1,271 272 |
+160 +112 +24 |