TOKYO, May 11 (Pulse News Wire) – Ftgroup CO.,LTD. (2763.T) reported a decline in revenue for the fiscal year ending March 2026 due to reduced power sales, despite recording a net profit increase driven by divestiture gains and dividend income.
The company's revenue was ¥37.37 billion from ¥31.579 billion in the previous fiscal year, marking a decrease of ¥5.791 billion. Operating profit dropped to ¥5.225 billion from ¥9.282 billion, reflecting a reduction of ¥4.057 billion. In its network infrastructure division, FTGroup saw a significant drop in revenue to ¥16.222 billion from ¥19.80 billion, largely attributed to lower electricity billing rates. However, the inclusion of approximately ¥16 billion in divestiture gains contributed positively to operating profits. In contrast, the corporate solutions sector maintained stable performance, with stock-based revenues increasing slightly.
Looking ahead, FTGroup anticipates further declines in both revenue and operating profit for the fiscal year ending March 2027, projecting a revenue target of ¥30 billion and an operating profit of ¥4.5 billion, representing decreases of ¥7.379 billion and ¥725 million respectively compared to the current fiscal year. Additionally, FTGroup announced plans for a share exchange with Kōtsūshō Co., Ltd. (2763.T), scheduled to take place on August 1, 2026, contingent upon approval at the annual shareholders’ meeting on June 23, 2026. As part of this transaction, FTGroup shares will delist from the Tokyo Stock Exchange on July 30, 2026, with the final trading day set for July 29, 2026. Shareholders will receive Kōtsūshō shares at a ratio of 0.03 FTGroup shares per Kōtsūshō share.
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