DAIHEN Corporation
6622・Prime Market・Electric Appliances
Energy Management
DAIHEN's largest segment, centered on power infrastructure and renewable energy-related businesses
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales Revenue (Full Year, FY2026 ending March 2026) | ¥128,220 million | ¥120,815 million | ↑ |
| Operating Profit (Full Year, FY2026 ending March 2026) | ¥14,165 million | ¥11,477 million | ↑ |
| Operating Profit Margin (Full Year, FY2026 ending March 2026) | 11.0% | 9.5% | ↑ |
| Segment Assets (End of FY2026 ending March 2026) | ¥147,590 million | ¥128,036 million | ↑ |
| Orders Received (Full Year, FY2026 ending March 2026) | ¥146,800 million | ¥131,261 million | ↑ |
| Order Backlog (End of FY2026 ending March 2026) | ¥108,685 million | ¥90,118 million | ↑ |
| Sales to Major Customer, Kansai Electric Power Co., Inc. (FY2026 ending March 2026) | ¥23,435 million | ¥25,119 million | ↓ |
Business Details
This segment manufactures and sells transformers, power receiving/transforming equipment, control/communication equipment, charging system equipment, distributed power source equipment, and other products. In addition to power equipment products for power utilities and general private-sector demand, it offers battery storage systems and EV charging systems that contribute to the expansion of renewable energy utilization. Kansai Electric Power Co., Inc. (including Kansai Transmission and Distribution) is a major customer, and domestic sales account for the vast majority. In FY2026 (ending March 2026), sales revenue was ¥128,220 million, accounting for 53.9% of total company sales, making it the Group's largest segment.
Recent Overview
Sales revenue and profit margin both improved substantially due to factory power equipment renewal and increased battery storage system demand
In FY2026 (ending March 2026), in addition to steady progress in renewal investment for domestic factory power receiving/transforming equipment, demand for battery storage systems increased against the backdrop of the expanding power supply-demand adjustment market accompanying the progress of renewable energy adoption. Sales revenue reached ¥128,220 million (up 6.1% year-on-year) and operating profit reached ¥14,165 million (up 23.4% year-on-year), achieving substantial profit growth, with operating profit margin improving from 9.5% to 11.0%. Orders received also remained at a high level at ¥146,800 million (up 11.8% year-on-year), and the order backlog stood at ¥108,685 million (up 20.6% year-on-year), raising expectations for sales contribution in future periods. On the other hand, sales to Kansai Electric Power Co., Inc., a major customer, decreased to ¥23,435 million from ¥25,119 million in the prior period.
Key Products
Growth Drivers
- Expansion of renewable energy-related investment (increased demand for battery storage systems and solar grid connection equipment)
- Increased sales of battery storage systems against the backdrop of the expanding power supply-demand adjustment market
- Steady trends in renewal investment demand for domestic factory power receiving/transforming equipment
- Rising demand for power receiving/transforming equipment accompanying new data center construction and expansion
- Policy tailwinds toward realizing a decarbonized society (promotion of renewable energy adoption and EV proliferation)
Risks
- Order fluctuation risk from changes in investment plans by power utilities (sales to Kansai Electric Power Co., Inc. decreased year-on-year in FY2026 ending March 2026)
- Risk of changes in renewable energy-related policies and subsidy programs
- Risk of raw material price increases against the backdrop of Middle East tensions and other factors
- Risk of declining asset efficiency accompanying the expansion of segment assets (¥147,590 million)
- Risk regarding production capacity and delivery response to the buildup of order backlog (¥108,685 million)
Last updated: June 19, 2026