Fact Book 2024 (178KB)

Latest Financial Results

(Millions of Yen)

	2024/3	2025/3	Change (%)
Orders received	62,290	67,514	8.4
Net sales	62,126	67,288	8.3
Operating profit	6,585	7,526	14.3
Ordinary profit	6,919	7,793	12.6
Profit attributable to owners of parent	4,969	6,003	20.8

During fiscal 2024, the year ended March 31, 2025, the ESPEC Group’s business environment saw an increase EV- and battery- related testing demand against a backdrop of the continued digitalization and decarbonization of society, as well as firm Electronics- related investments. From the production aspect, the Group increased its production capacity in Japan by increasing personnel,expanding production space, and utilizing outsourcing, with a view to clearing the order backlog and leveling the production load.
Looking at the Company’s operating results for fiscal 2024, orders received increased 8.4% year on year to ¥67,514 million, mainly due to strong order trends in Japan. Net sales rose 8.3% year on year to ¥67,288 million, due to factors such as the effects of increasing domestic production capacity. On the profit front, operating profit was ¥7,526 million, a year-on-year increase of 14.3% and profit attributable to owners of parent increased by 20.8% year on year to ¥6,003 million. This increase was mainly due to higher sales, which offset an increase in selling, general and administrative expenses. Orders received, net sales, operating profit,and profit attributable to owners of parent all reached record highs, just as they did in the previous fiscal year. In addition, return on equity (ROE) stood at 11.0%.

Performance by Segment

＜Equipment Business＞

(Millions of Yen)

	2024/3	2025/3	Change (%)
Orders received	53,565	57,283	6.9
Net sales	53,518	57,507	7.5
Operating profit	5,848	6,610	13.0

In the environmental test chambers field, in the Japanese market, both orders received and net sales for highly versatile standardized products and customized products increased year on year. In overseas markets, orders received were largely unchanged year on year,increasing mainly in North America and China but decreasing in Southeast Asia. Net sales were also largely unchanged year on year,decreasing in Europe but increasing in Southeast Asia, North America, and South Korea. And in China, net sales were at the same level as in the previous fiscal year.
In the energy devices equipment field, investment in bulk projects for EV batteries seems to have slowed, and both orders received and net sales decreased year on year, particularly in Japan.
In the semiconductor equipment field, orders received increased year on year due to an order acquired for a large server-related project.However, net sales decreased substantially due to the impact of memory-related investment restraint.
As a result, the equipment business on the whole saw orders received increased 6.9% to ¥57,283 million and net sales increased 7.5% year on year to ¥57,507 million. On the profit front, operating profit increased 13.0% year on year to ¥6,610 million mainly due to higher sales, while there was an increase in selling, general and administrative expenses.

＜Service Business＞

(Millions of Yen)

	2024/3	2025/3	Change (%)
Orders received	7,634	8,532	11.8
Net sales	7,536	8,425	11.8
Operating profit	681	793	16.4

In the after-sales service and engineering field, orders received and net sales both increased year on year as both preventative maintenance services and repair services were solid.
In laboratory testing services and facility rentals, orders received and net sales both increased year on year, thanks in part to the effect of an expansion in testing equipment capacity for EV batteries.
As a result, the service business on the whole saw orders received increased 11.8% year on year to ¥8,532 million and net sales increased 11.8% to ¥8,425 million. On the profit front, the Company recorded operating profit of ¥793 million, an increase of 16.4% year on year,owing to an increase in net sales, while there was an increase in selling, general and administrative expenses due mainly to increased personnel.

＜Other Business＞

(Millions of Yen)

	2024/3	2025/3	Change (%)
Orders received	1,453	2,170	49.3
Net sales	1,455	1,758	20.8
Operating profit	51	126	146.3

In the other business field, which is centered on the environmental conservation and plant production systems businesses, performance was firm in areas such as waterfront biotope restoration and reforestation. There were also large projects in the areas of plant research devices and plant factories. We also delivered an aquaponics system (a circular system that combines hydroponics and land-based aquaculture) for exhibition at the EXPO 2025 Osaka, Kansai, Japan, as well as plant seedlings and materials for greening the venue. As a result, orders received increased by 49.3% year on year to ¥2,170 million and net sales increased by 20.8% to ¥1,758 million. On the profit front, the Company recorded operating profit of ¥126 million, an increase of 146.3% year on year, owing to an increase in net sales.

Related Pages:

• Preliminary Results
• Results Briefings