TERASAKI ELECTRIC CO.,LTD. [6637.T]
TOKYO, May 15 (Pulse News Wire) – Terasaki Electric CO.,LTD. (6637.T) reported strong revenue growth for the fiscal year ending March 2026, with sales reaching ¥62.858 billion, up ¥6.453 billion from the previous year.
Operating profit increased by ¥578 million to ¥6.197 billion, while ordinary profit rose to ¥6.515 billion, up ¥462 million year-over-year. However, net profit declined due to higher tax expenses, dropping to ¥4.188 billion compared to ¥4.451 billion last year. The company's performance was driven by robust demand for marine and industrial systems, particularly LNG transport vessels and distributed energy-related products. Sales in Asia also showed significant improvement, with contributions from various ship types and engineering projects.
In Europe, however, revenues were impacted by lower demand in the UK and Middle East markets, although there was a notable increase in orders for maritime breakers. For the upcoming fiscal year ending March 2027, Terasaki Electric forecasts continued revenue growth to ¥69.50 billion but anticipates reduced profitability due to rising raw material costs and labor expenses. The projected operating profit is expected to fall to ¥5.730 billion, down ¥467 million from the current fiscal year. The company plans to maintain its dividend payout ratio, with an anticipated per-share dividend of ¥57.
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