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Togami Electric Mfg, 13% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend
6643 Togami Electric Mfg. Co.,Ltd. 【J-GAAP】
Earnings ReportTogami Electric Mfg. Co.,Ltd. <6643> [TSE Std] announced its financial results after the market closed on May 8th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 11.1% from the previous period to 3.98 billion yen. However, for the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 13.5% from the previous period to 3.45 billion yen.
At the same time, the company increased the annual dividend for the previous term from 130 yen to 140 yen (compared to 150 yen in the prior term), and has decided to reduce the dividend this fiscal year to 130 yen, a decrease of 10 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 42.9% from the same period last year, reaching 1.40 billion yen. The operating profit margin rose from 13.1% in the same period last year to 15.6%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 26,731 | 2,694 | 3,029 | 2,090 | 421.9 | 110 | May 10, 2024 | J-GAAP |
| Mar, 2025 | 27,648 | 3,369 | 3,590 | 2,393 | 491.3 | 150 | May 12, 2025 | J-GAAP |
| Mar, 2026 | 30,746 | 3,748 | 3,988 | 2,675 | 563.6 | 140 | May 8, 2026 | J-GAAP |
| YoY | +11.2% | +11.2% | +11.1% | +11.8% | +14.7% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 28,600 | 3,400 | 3,600 | 2,630 | 567.2 | 130 | May 12, 2025 | J-GAAP |
| Mar, 2026 Results | 30,746 | 3,748 | 3,988 | 2,675 | 563.6 | 140 | May 8, 2026 | J-GAAP |
| Revision Rate | +7.5% | +10.2% | +10.8% | +1.7% | -0.6% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 13,810 | 1,280 | 1,361 | 844 | 176.1 | 60 | Oct 31, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 14,800 | 1,100 | 1,180 | 800 | 172.5 | 60 | May 8, 2026 | J-GAAP |
| YoY | +7.2% | -14.1% | -13.3% | -5.2% | -2.0% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 27,648 | 3,369 | 3,590 | 2,393 | 491.3 | 150 | May 12, 2025 | J-GAAP |
| Mar, 2026 | 30,746 | 3,748 | 3,988 | 2,675 | 563.6 | 140 | May 8, 2026 | J-GAAP |
| Mar, 2027 Guidance | 31,000 | 3,300 | 3,450 | 2,450 | 528.4 | 130 | May 8, 2026 | J-GAAP |
| YoY | +0.8% | -12.0% | -13.5% | -8.4% | -6.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Jan - Mar, 2025 | 7,447 | 975 | 986 | 577 | 118.5 | 13.1 | May 12, 2025 | J-GAAP |
| Apr - Jun, 2025 | 6,700 | 559 | 591 | 411 | 85.4 | 8.3 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 7,110 | 721 | 770 | 433 | 90.3 | 10.1 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 8,198 | 1,104 | 1,218 | 836 | 175.3 | 13.5 | Feb 2, 2026 | J-GAAP |
| Jan - Mar, 2026 | 8,738 | 1,364 | 1,409 | 995 | 209.6 | 15.6 | May 8, 2026 | J-GAAP |
| YoY | +17.3% | +39.9% | +42.9% | +72.4% | +77.0% |
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