Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
143
¥ thousandWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFY202514 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥37,332 thousand+3.0%
Operating profit¥2,879 thousand+5.0%
Ordinary income¥3,110 thousand+4.0%
Net income¥4,668 thousand+56.0%
Gross Profit Margin21.7%
Operating profit margin7.7%
Selling, general and administrative expenses¥5,235 thousand
Full-year earnings forecast
Orders received
¥38,700 thousand
Net Sales
¥40,300 thousand
Operating profit
¥3,620 thousand
Ordinary income
¥3,720 thousand
Profit attributable to owners of the parent
¥2,516 thousand
Year-end dividend per share
¥180
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results broadly in line with forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Effect of higher sales¥224 thousand
- Improving Profit Margins¥299 thousand
- Increase in selling, general and administrative expenses¥-380 thousand
New initiatives
- Establishment of a new research facility and approximately ¥1 billion in research and development investment
- Increase research and development personnel by 30
- Signing of an MOU with Taiwan CSC concerning decarbonized combustion technologies
- Delivery of a demonstration furnace for hydrogen combustion-based metal heating
- Establishment of a business reform promotion office
- Development and implementation of design support and procurement support systems
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥37,100 thousandYear on year against the same period last year+94.0%
- Order backlog¥36,799 thousandYear on year against the same period last yearDown approximately ¥100 million
- Net sales related to the creation of new markets¥780 million
- Operating income per employee¥4,552 thousand
- Total actual working hours per employee2,140 Time
Segment results
Furnace business
Net Sales
¥18,307 thousand+99.0%
Operating profit
¥1,411 thousand+94.0%
Plant business
Net Sales
¥13,828 thousand+120.0%
Operating profit
¥1,677 thousand+174.0%
Development Business
Net Sales
¥1,981 thousand+83.0%
Operating profit
¥-742 thousand+93.0%
Other
Net Sales
¥8,025 thousand+98.0%
Operating profit
¥31 thousand+6.0%
Medium-term management plan targets
Target fiscal yearFiscal 2026
Net Sales
¥41,500 million
Operating profit
¥3,620 million
ROE10.0%
Net sales from new products
¥4,000 million
Financial targets
ROE
Target10.0%
FY2025 actual15.7%
Equity ratio
Target50% or higher
FY2025 actual60.8%
Debt dependence ratio
Target15% or less at the end of March 2031
FY2025 actual8.7%
Market Size / Share
Market Size
¥10,000 million
Target year2030
Orders received and order backlog
Orders received
¥37,100 thousand
Order backlog
¥36,799 thousand
Number of employees
Number of Employees747 people
Record date31 March 2026
Hiring planIncrease research and development personnel by 30
Capital expenditures
¥723 thousand
Annual Dividend
Annual dividend per share¥166
End of period¥166
Payout ratio
Rate50.1%
TargetPayout ratio of at least 60% based on NOPAT
Total payout ratio50% or higher
Acquisition of treasury shares
Acquisition amount
¥1,140 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | FY2025 |
| Net Sales | ¥37,332 thousand (YoY +3.0%) |
| Operating profit | ¥2,879 thousand (YoY +5.0%) |
| Ordinary income | ¥3,110 thousand (YoY +4.0%) |
| Net income | ¥4,668 thousand (YoY +56.0%) |
| Gross Profit Margin | 21.7% |
| Operating profit margin | 7.7% |
| Selling, general and administrative expenses | ¥5,235 thousand |
| Full-year earnings forecast | Orders received ¥38,700 thousand / Net Sales ¥40,300 thousand / Operating profit ¥3,620 thousand / Ordinary income ¥3,720 thousand / Profit attributable to owners of the parent ¥2,516 thousand / Year-end dividend per share ¥180 |
| Self-assessment against the plan | Results broadly in line with forecast |
| Segment results | Furnace business Net Sales ¥18,307 thousand (YoY +99.0%) / Operating profit ¥1,411 thousand (YoY +94.0%) / Plant business Net Sales ¥13,828 thousand (YoY +120.0%) / Operating profit ¥1,677 thousand (YoY +174.0%) / Development Business Net Sales ¥1,981 thousand (YoY +83.0%) / Operating profit ¥-742 thousand (YoY +93.0%) / Other Net Sales ¥8,025 thousand (YoY +98.0%) / Operating profit ¥31 thousand (YoY +6.0%) |
| Breakdown of Factors Affecting the Change | Factors Effect of higher sales / Amount ¥224 thousand, Factors Improving Profit Margins / Amount ¥299 thousand, Factors Increase in selling, general and administrative expenses / Amount ¥-380 thousand |
| Key KPIs | Indicator name Orders received / Value ¥37,100 thousand / Year on year against the same period last year ¥94 thousand, Indicator name Order backlog / Value ¥36,799 thousand / Year on year against the same period last year Down approximately ¥100 million, Indicator name Net sales related to the creation of new markets / Value ¥780 million / Year on year against the same period last year Not disclosed, Indicator name Operating income per employee / Value ¥4,552 thousand / Year on year against the same period last year Not disclosed, Indicator name Total actual working hours per employee / Value 2,140 Time / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 747 people / Record date 31 March 2026 / Change during the period Not disclosed / Hiring plan Increase research and development personnel by 30 |
| Medium-term management plan targets | Target fiscal year Fiscal 2026 / Net Sales ¥41,500 million / Operating profit ¥3,620 million / ROE 10.0% / Net sales from new products ¥4,000 million |
| Financial targets | ROE Target 10.0% / FY2025 actual 15.7% / Equity ratio Target 50% or higher / FY2025 actual 60.8% / Debt dependence ratio Target 15% or less at the end of March 2031 / FY2025 actual 8.7% |
| Annual Dividend | Annual dividend per share ¥166 / Interim Not disclosed / End of period ¥166 |
| Payout ratio | Rate 50.1% / Target Payout ratio of at least 60% based on NOPAT / Total payout ratio 50% or higher |
| Acquisition of treasury shares | Acquisition amount ¥1,140 million / Number of shares acquired Not disclosed / Period Not disclosed |
| Capital expenditures | ¥723 thousand |
| Orders received and order backlog | Orders received ¥37,100 thousand / Order backlog ¥36,799 thousand |
| Market Size / Share | Market Size ¥10,000 million / Share Not disclosed |
| New initiatives | Establishment of a new research facility and approximately ¥1 billion in research and development investment, Increase research and development personnel by 30, Signing of an MOU with Taiwan CSC concerning decarbonized combustion technologies, Delivery of a demonstration furnace for hydrogen combustion-based metal heating, Establishment of a business reform promotion office, Development and implementation of design support and procurement support systems |
Items this document does not state (7)
Results for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Gross profit increased by ¥523 thousand due to higher net sales, the passing on of higher costs arising from inflation, a focus on highly profitable projects, and improved cost management. Meanwhile, selling, general and administrative expenses increased by ¥380 thousand, mainly due to higher personnel expenses. For the FY2026 forecast, orders received have been reduced from the medium-term target because the medium- to long-term market outlook is uncertain, while operating profit is expected to be maintained.
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