Update: 2021/5/11


  FY20 FY21 forecast (5/11) Difference
Sales(Billion of yen) 374.2 370.0 (4.2)
Operating income(Billion of yen) 31.6 25.0 (6.6)
Ordinary income(Billion of yen) 34.1 25.0 (9.1)
Net income(Billion of yen) 19.2 16.0 (3.2)
Earnings per share (yen) 72.00 59.94 (12.06)

Financial Forecasts by Segment

From FY21, the segment name of the "test and measurement business" has been changed to "measuring instrument business." At the same time, the segment of life innovation business, which was included in the former "test and measurement business," has been changed from the "measuring instrument business" to the "industrial automation and control business."
The FY20 figures have been changed based on the new segmentation.


(Billion of yen)

  FY20 FY21 forecast (5/11) Difference
Control 328.9 353.5 24.6
Measuring instrument 19.8 19.5 (0.3)
Aviation and other 7.1 7.0 (0.1)


(Billion of yen)

  FY20 FY21 forecast (5/11) Difference
Control 347.8 344.5 (3.3)
Measuring instrument 20.1 19.5 (0.6)
Aviation and other 6.3 6.0 (0.3)

Operating income

(Billion of yen)

  FY20 FY21 forecast (5/11) Difference
Control 29.4 24.0 (5.4)
Measuring instrument 3.3 3.0 (0.3)
Aviation and other (1.1) (2.0) (0.9)

<Cautions concerning the use of business forecasts>

As the above business forecast is based on certain assumptions judged by the Company to be reasonable at present, actual business results may differ.
The main factors that may cause changes in the results are as follows.

  • Changes in foreign exchange rates, particularly the U.S. dollar, the euro, Asian currencies, and the currencies of the Middle East
  • Sudden changes in the price of crude oil
  • Sudden changes in the political and economic situation in major markets
  • Geopolitical risks in the Middle East and East Asia, etc.
  • Changes in the business environment such as revisions to trade regulations
  • Dramatic shifts in product supply and demand in the market
  • Changes in Japanese share prices
  • Protection of the Company's patents and the licensing of patents held by other companies
  • M&A and business alliances with other companies for purposes such as product development
  • Occurrences of natural disasters such as earthquakes, floods, and tsunamis