Worth reading
67In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
291.2
Year-on-year increase in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales16,055¥ millionYear on year +8.7%Progress 39.8%
Operating profit637¥ millionYear on year +291.2%Progress 17.6%
Ordinary income751¥ millionYear on year +187.8%Progress 20.2%
Net income attributable to owners of the parent285¥ millionYear on year -72.9%Progress 10.2%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥40.50
Financial position at period-end
Total assets47,416¥ million
of which net assets 30,028 ¥ millionEquity ratio 62.8%vs. prior year-end +2.0pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating-2,514
Investment-177
Financials-2,417
Net change-5,108
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥5,695 million
Segment revenue
Heat-Treatment Business6,83439.3%-12.9%
Plant Business7,80444.9%+47.4%
Development Business4732.7%-33.3%
Other2,28513.1%-25.8%
Segment profit
Heat-Treatment Business-242
Plant Business1,207+228.4%
Development Business-330
Other-12
Regional sales
Japan11,90974.2%
Overseas4,14625.8%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥40,300 million (YoY +7.9%)
Operating profit¥3,620 million (YoY +25.7%)
Ordinary income¥3,720 million (YoY +19.6%)
Net income¥2,787 million (YoY -40.3%)
Revision to Earnings ForecastNot disclosed → Net Sales ¥40,300 million / Operating profit ¥3,620 million / Ordinary income ¥3,720 million / Net income ¥2,787 million
Annual Dividend Forecast166 Yen → 180 Yen（+8.4%）
Factors Behind Changes in Business Performance
Orders for semiconductor- and data-center-related products, equipment for the automotive and machinery industries, construction progress, the working down of the order backlog, and the passing on of higher labor and raw material costs to prices. A provision for business structure improvements was recognized to optimize the scale of operations in the Chinese market.
Disclosure regarding the going concern assumption
Not applicable
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew None / Excluded None / Company name Not disclosed
Material subsequent eventsAt a meeting of the Board of Directors held on 30 September 2026, the company resolved to sell 3 investment securities and expects to recognize an approximately ¥700 million gain on the sale of investment securities as extraordinary income in the third quarter of the fiscal year ending March 2027.
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Provision for business structure improvement ¥350 million
Depreciation and amortization¥262 million
Orders received and order backlogOrders received ¥18,999 million / Order backlog ¥40,713 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (target audience: Not disclosed)
Issued Shares at Period-End7,800,000
Treasury Shares at Period-End818,645
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥16,055 million (YoY +8.7%) |
| Operating profit | ¥637 million (YoY +291.2%) |
| Ordinary income | ¥751 million (YoY +187.8%) |
| Profit attributable to owners of the parent | ¥285 million (YoY -72.9%) |
| Net income per share | ¥40.50 |
| Equity ratio | End of the current fiscal period 62.8 / End of previous period 60.8 |
| Total assets | ¥47,416 million |
| Net assets | ¥30,028 million |
| Cash flows from operating activities | ¥-2,514 million |
| Cash flows from investing activities | ¥-177 million |
| Cash flows from financing activities | ¥-2,417 million |
| Cash and cash equivalents at end of period | ¥5,695 million |
| Full-year earnings forecast | Net Sales ¥40,300 million (YoY +7.9%) / Operating profit ¥3,620 million (YoY +25.7%) / Ordinary income ¥3,720 million (YoY +19.6%) / Net income ¥2,787 million (YoY -40.3%) |
| Revision to Earnings Forecast | Not disclosed → Net Sales ¥40,300 million / Operating profit ¥3,620 million / Ordinary income ¥3,720 million / Net income ¥2,787 million |
| Annual Dividend Forecast | 166 Yen → 180 Yen（+8.4%） |
| Segment revenue | Heat-Treatment Business ¥6,834 million (YoY -12.9%) / Plant Business ¥7,804 million (YoY +47.4%) / Development Business ¥473 million (YoY -33.3%) / Other ¥2,285 million (YoY -25.8%) |
| Segment profit | Heat-Treatment Business ¥-242 million / Plant Business ¥1,207 million (YoY +228.4%) / Development Business ¥-330 million / Other ¥-12 million |
| Regional sales | Japan ¥11,909 million / Overseas ¥4,146 million |
| Orders received and order backlog | Orders received ¥18,999 million / Order backlog ¥40,713 million |
| Depreciation and amortization | ¥262 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Provision for business structure improvement ¥350 million |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New None / Excluded None / Company name Not disclosed |
| Material subsequent events | At a meeting of the Board of Directors held on 30 September 2026, the company resolved to sell 3 investment securities and expects to recognize an approximately ¥700 million gain on the sale of investment securities as extraordinary income in the third quarter of the fiscal year ending March 2027. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (target audience: Not disclosed) |
| Issued Shares at Period-End | 7,800,000 |
| Treasury Shares at Period-End | 818,645 |
| Factors Behind Changes in Business Performance | Orders for semiconductor- and data-center-related products, equipment for the automotive and machinery industries, construction progress, the working down of the order backlog, and the passing on of higher labor and raw material costs to prices. A provision for business structure improvements was recognized to optimize the scale of operations in the Chinese market. |
Items this document does not state (4)
Operating MarginPayout ratioShareholder Return PolicyImpairment loss
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.Operating profit and ordinary profit increased as the company steadily worked through its order backlog and appropriately passed higher labor and raw material costs on to prices. Interim net income attributable to owners of the parent declined because the company recognized an expense for a provision for business structure improvements to optimize the scale of its operations in the Chinese market and restore profitability across the group.
How to read this page
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