DIAMOND ELECTRIC HOLDINGS Co.,Ltd. [6699.T]
TOKYO, May 15 (Pulse News Wire) – Diamond Electric Holdings CO.,LTD. (6699.T) reported higher revenue for its fiscal fourth quarter ending March 31, 2026, driven primarily by increased production of internal combustion engine vehicles in North America and sales growth in Japan and India.
However, the Energy Solution division saw reduced revenues due to intensified competition abroad. Operating profit rose across segments except for Energy Solutions, which faced higher semiconductor costs and research expenses. For the quarter, total revenue reached ¥1.01 trillion, up 2.3% from the previous year. The Automotive Equipment division contributed significantly with a 5.4% increase in revenue to ¥400 million, while Electronic Equipment posted a 4.6% rise to ¥300 million.
In contrast, Energy Solutions recorded a 3.2% decline to ¥194.1 billion. Overall operating profit grew by 24.8%, reaching ¥275.3 billion, boosted by favorable foreign exchange rates and lower interest payments compared to the previous year. Looking ahead, the company expects continued investment in next-generation ignition coils and air conditioning equipment, but anticipates challenges such as rising semiconductor prices and increased research and development spending. DIAMOND ELECTRIC HOLDINGS projects a slight decrease in overall operating profit for the fiscal year ending March 2027, reflecting anticipated cost pressures and competitive dynamics in key markets.
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