Sinfonia Technology Co., Ltd. (TSE: 6507), a Japanese maker of motion-control equipment, clean-transport systems, power electronics and electrical-construction services, reported its consolidated results for the fiscal year ended March 31, 2026. Despite persistent uncertainty from geopolitical risk and U.S. tariff policy — and a cautious tone in automotive-related capital spending — the group delivered broadly solid growth, helped by sustained defense-equipment demand, robust domestic electrical-construction orders, and a fourth-quarter recovery in AI-semiconductor-related investment. Orders rose 10.7% to ¥158,932 million, net sales advanced 7.6% to ¥128,197 million, operating profit grew 17.4% to ¥18,464 million, ordinary profit rose 17.9% to ¥18,793 million, and net profit attributable to owners of the parent increased 19.9% to ¥14,498 million.
Motion Equipment leads segment growth
The Motion Equipment business was the standout performer. Backed by steady orders for semiconductor-manufacturing-equipment actuators and continued high-level aerospace-related orders, segment sales jumped 17.1% to ¥50,731 million, while operating profit surged 41.6% to ¥6,864 million on higher volumes and improved margins. The Clean Transport System business — which benefited from a recovering semiconductor-investment cycle — grew sales 11.5% to ¥28,029 million and operating profit 19.2% to ¥4,797 million.
The Power Electronics business saw sales decline 4.5% to ¥25,090 million and operating profit slip 3.6% to ¥3,280 million, as a drop in EV-focused automotive test-equipment orders outweighed large project wins in sewage-facility electrical systems and overseas vibration equipment. The Engineering & Service business held sales broadly flat at ¥24,346 million (-0.2%) but lifted operating profit 8.5% to ¥3,697 million on margin improvement, supported by long-duration domestic electrical-construction projects that drove a 44.3% jump in segment orders.
Balance sheet strengthens; cash flow stays robust
Total assets rose ¥22,272 million to ¥158,740 million at year-end, led by increases in property, plant and equipment, net defined-benefit assets, and investment securities. Net assets grew ¥18,776 million to ¥98,906 million, lifted by retained-earnings accumulation and gains in valuation reserves. Operating cash flow came in at ¥12,909 million, supported by pre-tax profit of ¥19,387 million and ¥3,244 million of depreciation, while investing activities used ¥6,466 million on capital expenditure. Cash and equivalents ended the year at ¥11,618 million, up ¥1,397 million.
Dividend raised; FY2027 guidance signals continued growth
Sinfonia set its FY2026 year-end dividend at ¥155 per share and revised its policy to target a dividend-payout ratio of 30% or higher, up from a previous 30% guideline. For FY2027 it plans a year-end dividend of ¥161 per share. Management's full-year FY2027 guidance calls for net sales of ¥140,000 million (+9.2%), operating profit of ¥21,000 million (+13.7%), ordinary profit of ¥21,000 million (+11.7%), and net profit attributable to owners of ¥15,000 million (+3.5%). The company cites continued defense demand, an AI-driven semiconductor-market recovery, and labor-saving capital investment as the pillars of its three-year "SINFONIA NEXT DREAM" medium-term plan.
| Metric | FY2026 | FY2025 | YoY |
|---|---|---|---|
| Orders (¥ million) | 158,932 | 143,571 | +10.7% |
| Net sales (¥ million) | 128,197 | 119,142 | +7.6% |
| Operating profit (¥ million) | 18,464 | 15,728 | +17.4% |
| Ordinary profit (¥ million) | 18,793 | 15,938 | +17.9% |
| Net profit attributable to owners (¥ million) | 14,498 | 12,092 | +19.9% |
| Total assets (¥ million) | 158,740 | 136,467 | +16.3% |
| Net assets (¥ million) | 98,906 | 80,129 | +23.4% |
| Operating cash flow (¥ million) | 12,909 | — | — |
| Year-end dividend (¥) | 155.00 | — | — |
| FY2027 guidance — net sales (¥ million) | 140,000 | — | +9.2% |
| FY2027 guidance — operating profit (¥ million) | 21,000 | — | +13.7% |
| FY2027 guidance — ordinary profit (¥ million) | 21,000 | — | +11.7% |
| FY2027 guidance — net profit (¥ million) | 15,000 | — | +3.5% |
| FY2027 dividend forecast (¥) | 161.00 | — | — |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.