NEW COSMOS ELECTRIC CO.,LTD.
6824・Standard Market・Electric Appliances
Gas Alarm Business (Single Segment)
A comprehensive manufacturer of gas alarms and detectors covering everything from residential to industrial applications, built on core Gas Sensor technology
| Period | Current | Previous | Change |
|---|---|---|---|
| Net sales (full-year results) | ¥50,091 million | ¥42,153 million | ↑ |
| Operating profit (full-year results) | ¥7,351 million | ¥5,155 million | ↑ |
| Ordinary profit (full-year results) | ¥7,921 million | ¥5,451 million | ↑ |
| Profit attributable to owners of parent (full-year results) | ¥5,208 million | ¥3,376 million | ↑ |
| Operating margin (full-year results) | 14.7% | 12.2% | ↑ |
| Overseas sales ratio (full-year results) | 51.8% (North America 31.9%, Asia 18.6%, Other 1.3%) | 46.2% (FY2025, ended March 2025) | ↑ |
| North America sales (full-year results) | ¥15,944 million | ¥8,969 million | ↑ |
| Equity ratio (period-end) | 72.7% | 70.8% | ↑ |
| R&D expenses (full-year results) | ¥3,034 million (6.1% of net sales) | ¥2,791 million (6.6% of net sales) | ↑ |
| Earnings per share | ¥424.88 | ¥273.24 | ↑ |
| Annual dividend per share | ¥95.00 (payout ratio 22.4%) | ¥60.00 (payout ratio 22.0%) | ↑ |
Business Details
The Shin-Cosmos Electric Group is a single-segment company that leverages its proprietary Gas Sensor technology to develop three product categories: Residential Gas Alarms, Industrial Fixed Gas Detection Alarms, and Commercial Portable Gas Detectors. Its customers span the domestic and overseas city gas, LPG, semiconductor, electric power, and chemical industries, among others, and the company provides an integrated offering from product development through manufacturing, sales, and maintenance. In FY2026 (ending March 2026), the overseas sales ratio rose to 51.8% (North America 31.9%, Asia 18.6%, etc.), reflecting further progress in global expansion.
Recent Overview
Battery-powered methane alarms for North America drove both sales and profit to record highs
In FY2026 (ending March 2026), net sales reached ¥50,091 million (up 18.8% year on year), operating profit ¥7,351 million (up 42.6%), ordinary profit ¥7,921 million (up 45.3%), and profit attributable to owners of parent ¥5,208 million (up 54.2%), achieving substantial growth in both revenue and profit. The main driver was Residential Gas Alarms (up 36.2% year on year), with battery-powered methane alarms and Gas Sensors for North America performing well. North America sales expanded 77.8% year on year to ¥15,944 million, and the overseas sales ratio rose to 51.8%. On the other hand, industrial products for the semiconductor industry were weak, declining 2.8% year on year. For the following fiscal year (FY2027, ending March 2027), the company forecasts net sales of ¥51,000 million (up 1.8% year on year) and operating profit of ¥6,000 million (down 18.4%), suggesting a shift toward an investment phase alongside higher revenue but lower profit.
Key Products
Growth Drivers
- Expansion of sales of battery-powered methane alarms and Gas Sensors for North America (North America sales up 77.8% year on year to ¥15,944 million in FY2026, ending March 2026)
- Continued demand driven by mandatory alarm installation requirements in the North American market under regulations such as New York City ordinances
- Expansion of the overseas sales ratio through continued global expansion (51.8% in FY2026, ending March 2026, up 5.6 percentage points year on year)
- Product expansion into the hydrogen and carbon-neutral markets, including adoption of the battery-powered residential hydrogen alarm in the UK's SGN green hydrogen project
- Expansion of IoT-enabled products through development of a battery-powered residential gas alarm equipped with a LoRaWAN network for North America
- New market development through continued development of battery-powered LPG alarms
- Advancement of "Deployment" (monetizing investments) and "Expansion" (building market foundations) under the Medium-Term Management Plan 2025-2027
Risks
- Weak sales of gas detection alarms and Gas Sensors for the semiconductor industry (Industrial Fixed Gas Detection Alarms down 2.8% year on year in FY2026, ending March 2026)
- Risk of impact on North American operations from changes in US trade policy (e.g., tariffs), given a North America sales ratio of 31.9%
- Foreign exchange risk, given an overseas sales ratio exceeding 51.8%
- Risk that the currently high profit levels may prove temporary, with operating profit, ordinary profit, and net profit forecast to decline 18.4%, 20.2%, and 23.5%, respectively, in FY2027 (ending March 2027)
- Rising costs due to increased R&D expenses (¥3,034 million in FY2026, ending March 2026, 6.1% of net sales)
- Impact of continued price increases on personal consumption (downside risk to residential demand)
- Risk of deteriorating business environment due to unstable international conditions, including in the Middle East and other regions
Last updated: June 26, 2026