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Inaba Denki SangyoINABA DENKI SANGYO CO.,LTD.9934東証プライム卸売業FY ending Mar 2026, consolidated, J-GAAP

Inaba Denki Sangyo FY ending Mar 2026 results

About 70% of Inaba Denki Sangyo's sales come from Electrical Equipment and Materials Division, with Proprietary Products Division and Industrial Solutions Division making up much of the rest.

Out of every ¥100 of sales, about ¥7 is left as operating profit.

Revenue changed +8.6% from the prior year, operating profit +16.3%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +8.6% · profit +16.3%, calculated from disclosed figures.

Operating leverage: 1.89× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+8.6%¥384B → ¥417B
Gross profit
+11.6%¥65.1B → ¥72.6B
Operating income
+16.3%¥25.6B → ¥29.7B
Net income attributable to owners
+24.7%¥18.8B → ¥23.4B
Operating cash flow
+15.6%¥23.3B → ¥26.9B
Free cash flow
+0.9%¥20.6B → ¥20.8B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥417B, up +8.6% from ¥384B the year before.
  • Gross profit rose +11.6% and operating income rose +16.3% to ¥29.7B, both outpacing sales.
  • Net income attributable to owners climbed +24.7% to ¥23.4B.
  • Operating cash flow increased +15.6% to ¥26.9B, but free cash flow was nearly flat at ¥20.8B, up +0.9%.

What drove the change

  • Electrical materials sales benefited from urban redevelopment and large projects such as factories and data centers, and higher copper prices lifted cable sales.
  • In industrial equipment, the drag from semiconductor inventory adjustments eased, and demand for automation amid labor shortages boosted sales of control devices and electronic components.
  • A hot summer pushed room air-conditioner shipments up, lifting sales of the company's own copper pipes and piping covers; a tax credit for raising wages also helped net income.

Things to watch

  • If construction or capital spending falls sharply, price competition could intensify.
  • Sales of air-conditioning parts depend on domestic AC shipments and so on summer weather.
  • Rising prices for copper and other raw materials could hurt results if they cannot be passed on, and supply disruptions could limit production.

Annual securities report, 78th term (Apr 2025 - Mar 2026) / 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, 78th term (Apr 2025 - Mar 2026) / 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 Inaba Denki Sangyo sells, how much goes where, and how much is kept.

FY ending Mar 2026
Cost of sales
¥83
SG&A
¥10
Operating profit
¥7
Net profit kept
¥6

Annual margin trends

Gross margin17.4%
FY ending Mar 2021: 15.6%15.6%FY ending Mar 2022: 16.7%16.7%FY ending Mar 2023: 16.5%16.5%FY ending Mar 2024: 16.5%16.5%FY ending Mar 2025: 16.9%16.9%FY ending Mar 2026: 17.4%17.4%FY21FY22FY23FY24FY25FY26
Operating margin7.1%
FY ending Mar 2021: 5.6%5.6%FY ending Mar 2022: 5.6%5.6%FY ending Mar 2023: 5.9%5.9%FY ending Mar 2024: 6.2%6.2%FY ending Mar 2025: 6.7%6.7%FY ending Mar 2026: 7.1%7.1%FY21FY22FY23FY24FY25FY26
Net margin5.6%
FY ending Mar 2021: 4.1%4.1%FY ending Mar 2022: 4.2%4.2%FY ending Mar 2023: 4.9%4.9%FY ending Mar 2024: 4.5%4.5%FY ending Mar 2025: 4.9%4.9%FY ending Mar 2026: 5.6%5.6%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

※ Segments without disclosed profit are drawn entirely as costs

※ 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78期(2025/04/01－2026/03/31)

    ID S100YFJE2026-06-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第77期(2024/04/01－2025/03/31)

    ID S100W2KD2025-06-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第76期(2023/04/01－2024/03/31)

    ID S100TPGW2024-06-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第75期(2022/04/01－2023/03/31)

    ID S100R34V2023-06-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第74期(令和3年4月1日－令和4年3月31日)

    ID S100O9NU2022-06-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第73期(令和2年4月1日－令和3年3月31日)

    ID S100LIBI2021-06-22Open

Extracted from XBRL: 50 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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