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Hikari TsushinHIKARI TSUSHIN,INC.9435東証プライム情報・通信業FY ending Mar 2026, consolidated, IFRS

Hikari Tsushin FY ending Mar 2026 results

About 43% of Hikari Tsushin's sales come from Electricity and gas, with Communication and Agency sales making up much of the rest.

Out of every ¥100 of sales, about ¥16 is left as operating profit.

Revenue changed +7.0% from the prior year, operating profit +11.1%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +7.0% · profit +11.1%, calculated from disclosed figures.

Operating leverage: 1.58× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+7.0%¥686.6B → ¥734.8B
Gross profit
+6.0%¥343.3B → ¥364B
Operating income
+11.1%¥105B → ¥116.7B
Net income attributable to owners
+28.5%¥117.5B → ¥151B
Operating cash flow
-32.7%¥84.8B → ¥57.1B
Free cash flow
-40.5%¥63.3B → ¥37.7B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥734.8B, up 7.0% from ¥686.6B a year earlier.
  • Profit grew faster than sales: operating income rose 11.1% to ¥116.7B, and net income rose 28.5% to ¥151B.
  • Cash moved the other way. Operating cash flow fell 32.7% to ¥57.1B, and free cash flow dropped to ¥37.7B.

What drove the change

  • More customers signed up for the group's own services, which lifted recurring monthly profit.
  • Pretax income got a boost from financial income tied to a stronger dollar and from higher earnings at equity-method affiliates.
  • Agency sales revenue shrank after a subsidiary was sold the year before, but a one-time gain from selling another subsidiary's shares this year pushed its operating income up.

Things to watch

  • Most of the electricity it sells is bought on the market, so costs swing with fuel prices and exchange rates.
  • More cancellations or system failures could make it harder to earn back the commissions paid to sales agents.
  • Its holdings of stocks and foreign-currency assets could lose value if rates, currencies, or share prices move against it.

Annual Securities Report, 39th fiscal year / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 39th fiscal year / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 Hikari Tsushin sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥50
SG&A
¥34
Operating profit
¥16
Net profit kept
¥21

Annual margin trends

Gross margin49.5%
FY ending Mar 2021: 52.8%52.8%FY ending Mar 2022: 52.3%52.3%FY ending Mar 2023: 46.2%46.2%FY ending Mar 2024: 52.4%52.4%FY ending Mar 2025: 50.0%50.0%FY ending Mar 2026: 49.5%49.5%FY21FY22FY23FY24FY25FY26
Operating margin15.9%
FY ending Mar 2021: 12.4%12.4%FY ending Mar 2022: 14.6%14.6%FY ending Mar 2023: 13.4%13.4%FY ending Mar 2024: 15.7%15.7%FY ending Mar 2025: 15.3%15.3%FY ending Mar 2026: 15.9%15.9%FY21FY22FY23FY24FY25FY26
Net margin20.6%
FY ending Mar 2021: 9.8%9.8%FY ending Mar 2022: 15.3%15.3%FY ending Mar 2023: 14.2%14.2%FY ending Mar 2024: 20.3%20.3%FY ending Mar 2025: 17.1%17.1%FY ending Mar 2026: 20.6%20.6%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第39期(2025/04/01－2026/03/31)

    ID S100YN0V2026-06-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第38期(2024/04/01－2025/03/31)

    ID S100W9IT2025-06-30Open

  • EDINET (FSA Japan)

    有価証券報告書－第37期(2023/04/01－2024/03/31)

    ID S100TXT62024-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第36期(2022/04/01－2023/03/31)

    ID S100R7FW2023-06-28Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第35期(令和3年4月1日－令和4年3月31日)

    ID S100ON602022-07-01Open

  • EDINET (FSA Japan)

    有価証券報告書－第34期(令和2年4月1日－令和3年3月31日)

    ID S100LVSN2021-06-30Open

Extracted from XBRL: 45 / Derived from other figures: 1

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