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Highlights of Financial Results

Business Report FY06/25(July 1, 2024 to June 30, 2025)

In FY06/25, consolidated sales were JPY66,197mn (+32.9% YoY), operating profit was JPY8,889mn (-9.8% YoY), recurring profit was JPY9,008mn (-54.6% YoY), and net income attributable to owners of the parent was JPY21,280mn (+35.7% YoY). In the Security Equipment segment and Card Equipment and Other Office Equipment segment, sales increased YoY. In the Peripheral Computer Equipment segment, sales and profit decreased YoY, driven by the economic slowdown in Western countries, the main markets for small cutting machines. Net income attributable to owners of the parent increased YoY, driven by the recognition of an extraordinary gain on negative goodwill associated with the transition of IWATSU ELECTRIC CO., LTD. and NAKAYO, INC. to a wholly owned subsidiary.

Performance by Segment

[Sales composition ratio]

●Security Equipment segment

　Sales: JPY15,201mn (+6.9% YoY)
　Segment profit: JPY6,150mn (+4.3% YoY)

●Card Equipment and Other Office Equipment segment

　Sales: JPY3,105mn (+2.6% YoY)
　Segment profit: JPY831mn (+2.8% YoY)

●Peripheral Computer Equipment segment

　Sales: JPY13,492mn (-16.9% YoY)
　Segment profit: JPY462mn (-67.6% YoY)

●Measuring Equipment segment

　Sales: JPY5,004mn (+151.1% YoY)
　Segment profit: JPY826mn (+22.7% YoY)

●Business Communication Systems segment

　Sales: JPY11,825mn
　Segment profit: JPY678mn

●Design

　Sales: JPY5,566mn (-0.2% YoY)
　Segment profit: JPY472mn (-17.9% YoY)

●Other

　Sales: JPY12,000mn (+37.0% YoY)
　Segment profit: JPY163mn (-66.1% YoY)

Consolidated Balance Sheet

[millions of yen]

  FY06/24 FY06/25
ASSETS
Current assets 56,194 83,265
　Cash and deposits 36,084 45,055
　Accounts receivable 7,963 17,822
　Investments in leases 665 441
　Merchandise and finished goods 8,181 9,729
　Work in Process 123 1,695
　Raw materials and supplies 1,050 5,786
　Other 2,124 2,735
Fixed assets 37,707 57,640
　Tangible fixed assets 10,844 33,252
　Intangible fixed assets 2,270 3,344
　Investments and other assets 24,591 21,043
Total assets 93,901 140,906
LIABILITIES
Current liabilities 9,973 16,565
　Accounts Payable 3,960 6,851
　Lease liabilities 418 359
　Income taxes payable 1,011 1,574
　Other 4,582 7,780
Fixed liabilities 3,413 12,274
Total liabilities 13,387 28,840
NET ASSETS
Shareholders’ Equity 75,305 105,778
　Capital stock 5,000 5,000
　Capital surplus 8,958 19,648
　Retained earnings 66,054 82,806
　Treasury share -4,707 -1,676
Accumulated other comprehensive income 4,726 3,765
Non-controlling interests 482 2,522
Total net assets 80,514 112,065
Total liabilities and net assets 93,901 140,906

Consolidated Statements of Income

[millions of yen]

FY06/24 FY06/25
Total sales　49,81266,197
Cost of sales25,03335,853
Gross profit24,77930,343
　SG&A expenses14,92521,454
Operating profit9,8538,889
　Non-operating income10,192731
　Non-operating expenses190613
Recurring profit19,8569,008
　Extraordinary gains119,290
　Extraordinary losses1,2927,081
Profit before income taxes18,56421,217
Income taxes 2,764-66
Net Profit15, 79921,284
Profit attributable to non-controlling interests1183
Profit attributable to owners of parent15,68121,280

Consolidated Statements of Cash Flows

[millions of yen]

FY06/24FY06/25
Cash flows from operating activities8,4327,647
Cash flows from investing activities-6,4287,084
Cash flows from financing activities-4,675-5,384
Effect of exchange rate change on cash and cash equivalents1,050-577
Net increase (decrease) in cash and cash equivalents-1,6218,769
Cash and cash equivalents at beginning of period37,56636,021
Increase in cash and cash equivalents resulting
from inclusion of subsidiaries in consolidation		76－
Cash and cash equivalents at end of period36,02144,790

Changes in Key Financial Indicators