Akasaka Diesels (6022): FY2025 Results Summary — Operating Loss on Cost Inflation, Net Income Up 389.3% on Securities Sale Gain

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Note: Akasaka Diesels Limited publishes neither an English results presentation nor an English financial results release; this article is a factual summary of its Japanese-language earnings report. The company labels the period covered here as the fiscal year ended March 31, 2026 (2026年3月期); it is classified as FY2025 on this site. Net sales rose 6.2% year on year to ¥8,333 million, but the company swung to an operating loss of ¥188 million as raw material, purchased parts and other cost increases could not be fully passed on to engine selling prices. Ordinary profit fell 84.0% to ¥9 million, while net income rose 389.3% to ¥186 million on a ¥215 million extraordinary gain from the sale of part of the company’s investment securities. The company states that it prepared no supplementary explanatory materials and held no results briefing.

Consolidated Results (Full-Year Actual)

Akasaka Diesels reports on a non-consolidated basis under Japanese GAAP. Sales of marine internal combustion engines and of parts and repair work increased, while sales in the land-use division fell short of plan. Gross profit declined to ¥1,328,482 thousand from ¥1,523,246 thousand, and selling, general and administrative expenses edged up to ¥1,516,820 thousand from ¥1,504,098 thousand. Net income per share was ¥139.04, against ¥28.46 in the previous fiscal year.

Item	FY2025 (Apr 2025-Mar 2026)	FY2024 (Apr 2024-Mar 2025)	Change
Net sales (millions of yen)	8,333	7,845	6.2%
Operating profit / loss (millions of yen)	△188	19	–
Ordinary profit (millions of yen)	9	58	△84.0%
Net income (millions of yen)	186	38	389.3%
Net income per share (yen)	139.04	28.46	–
Return on equity	1.9%	0.4%	–

Financial Position and Cash Flows

Total assets were ¥18,217 million, up ¥4,182 million from a year earlier, mainly on a ¥2,589 million increase in fixed assets driven by higher investment securities. Liabilities rose ¥2,179 million to ¥7,255 million on increases in contract liabilities, trade payables and deferred tax liabilities. Net assets increased ¥2,002 million to ¥10,962 million, chiefly on a ¥1,859 million rise in net unrealized gains on securities, and the equity ratio was 60.2%. Cash and cash equivalents ended the year at ¥906 million, up ¥295 million.

Item	FY2025 (Apr 2025-Mar 2026)	FY2024 (Apr 2024-Mar 2025)
Total assets (millions of yen)	18,217	14,035
Net assets (millions of yen)	10,962	8,959
Equity ratio	60.2%	63.8%
Net assets per share (yen)	8,191.10	6,691.72
Cash flows from operating activities (millions of yen)	311	△532
Cash flows from investing activities (millions of yen)	△142	△307
Cash flows from financing activities (millions of yen)	126	37
Cash and cash equivalents at end of period (millions of yen)	906	610

Orders, Production and Sales

The company operates as a single segment centred on the design, manufacture, repair and sale of marine internal combustion engines and parts, so no segment breakdown is disclosed.

Internal Combustion Engine-Related Business	FY2025 (thousands of yen)	Change vs FY2024
Production	8,451,494	6.6%
Orders received	7,802,346	△18.3%
Order backlog	6,108,756	48.9%
Sales	8,333,678	6.2%

FY2026 Forecast

For the fiscal year ending March 31, 2027, Akasaka Diesels plans net sales of ¥9,000 million, operating profit of ¥20 million, ordinary profit of ¥140 million and net income of ¥90 million. It expects inquiries for main engines to hold at a certain level with signs of recovery, while high materials and procurement costs remain difficult to pass on fully to main engine prices. Stated priorities are expanding orders for parts and repair work as a complementary earnings base, developing overseas sales channels, raising utilisation of existing facilities, and nurturing new businesses including lubricating oil cleaning equipment and biodiesel fuel (BDF) manufacturing and sales.

Item	FY2026 Forecast (Apr 2026-Mar 2027)	FY2025 (Actual)	Change
Net sales (millions of yen)	9,000	8,333	8.0%
Operating profit (millions of yen)	20	△188	–
Ordinary profit (millions of yen)	140	9	–
Net income (millions of yen)	90	186	△51.6%
Net income per share (yen)	67.24	139.04	–

Shareholder Returns

For FY2025 the company paid an annual dividend of ¥30.00 per share, all as a year-end dividend, unchanged from FY2024. Total dividends were ¥40 million, the payout ratio was 21.6% (FY2024: 105.4%) and the ratio of dividends to net assets was 0.4% (FY2024: 0.5%). The dividend forecast for the fiscal year ending March 31, 2027 is undetermined; the company states it will disclose its policy promptly once decided, after considering the uncertain economic environment and business trends.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.