Canare Electric (5819) Earnings: Operating Income Decreases 0.4% YoY to 889 Million Yen

Canare Electric (5819) has released its latest financial results, reporting operating income of 889 million yen, a 0.4% decrease year-on-year. Net sales were 6,638 million yen (a 2.9% increase year-on-year), ordinary income was 929 million yen (a 0.5% decrease), and net income attributable to owners of the parent was 635 million yen (a 1.8% decrease). Despite slight declines in core profit metrics, comprehensive income surged significantly by 54.5% year-on-year to 787 million yen. From a balance sheet perspective, the company maintains an exceptionally high equity ratio of 92.2%, highlighting a robust financial foundation. Furthermore, Canare Electric boasts substantial retained earnings of 15.95 billion yen, ensuring superior financial stability. Meanwhile, Return on Equity (ROE) stands at 3.53% and Return on Assets (ROA) at 2.99%, suggesting that efficient utilization of capital remains an area for future focus. Correction: The previously stated EBITDA amount and the cash-generation assessment based on it have been withdrawn because their calculation basis could not be verified.

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Correction (September 19, 2026)：The affected figures and reporting-period labels were corrected after checking the source disclosure. Source disclosure