Worth reading
52Recurring
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
-22.6
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales43,911Million yenYear on year +0.7%Progress 43.9%
Operating profit4,918Million yenYear on year -22.6%Progress 30.7%
Ordinary income5,160Million yenYear on year -21.5%Progress 31.3%
Net income attributable to owners of the parent3,595Million yenYear on year -20.9%Progress 30.5%
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¥191.84
Financial position at period-end
Total assets97,750Million yen
of which net assets 69,132 Million yenEquity ratio 70.7%vs. prior year-end +5.0pt
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+11,165
Investment-1,190
Financials-2,430
Net change+7,545
Stacked from zero: upward is an increase in cash, downward a decrease (in Million yen).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 period26,026 Million yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales100,000 Million yen (YoY +1.3%)
Operating profit16,000 Million yen (YoY +1.5%)
Ordinary income16,500 Million yen (YoY 0.0%)
Net income11,800 Million yen (YoY 0.0%)
Revision to Earnings ForecastNo changes to revenue, operating income, ordinary income or net income; only orders received were revised.
Annual Dividend Forecast¥170.00 (actual for the fiscal year ended March 2026) → ¥178.00 (forecast for the fiscal year ending March 2027 before taking the stock split into account)
Factors Behind Changes in Business Performance
Revenue increased due to the steady progress of work in hand and large-scale projects. Earnings declined due to higher personnel expenses and project-related costs, including advertising expenses associated with television commercials, as well as one-time costs arising from the relocation of offices.
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 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsA stock split and partial amendments to the Articles of Incorporation accompanying the stock split. The Company split 1 share of common stock into 3 shares, with 30 September 2026 as the record date and 1 October 2026 as the effective date.
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on Sale of Investment Securities / Amount 218 Million yen / Extraordinary loss Item Loss on disposal of fixed assets / Amount 2 Million yen, Item Impairment loss on membership rights / Amount 3 Million yen
Depreciation and amortization314 Million yen
Orders received and order backlogOrders received 88,929 Million yen / Contracted work outstanding 129,536 Million yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End63,685,812 shares
Treasury Shares at Period-End2,140,185 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 43,911 Million yen (YoY +0.7%) |
| Operating profit | 4,918 Million yen (YoY -22.6%) |
| Ordinary income | 5,160 Million yen (YoY -21.5%) |
| Profit attributable to owners of the parent | 3,595 Million yen (YoY -20.9%) |
| Net income per share | ¥191.84 |
| Equity ratio | End of the current fiscal period 70.7% / End of previous period 65.7% |
| Total assets | 97,750 Million yen |
| Net assets | 69,132 Million yen |
| Cash flows from operating activities | 11,165 Million yen |
| Cash flows from investing activities | -1,190 Million yen |
| Cash flows from financing activities | -2,430 Million yen |
| Cash and cash equivalents at end of period | 26,026 Million yen |
| Full-year earnings forecast | Net Sales 100,000 Million yen (YoY +1.3%) / Operating profit 16,000 Million yen (YoY +1.5%) / Ordinary income 16,500 Million yen (YoY 0.0%) / Net income 11,800 Million yen (YoY 0.0%) |
| Revision to Earnings Forecast | No changes to revenue, operating income, ordinary income or net income; only orders received were revised. |
| Annual Dividend Forecast | ¥170.00 (actual for the fiscal year ended March 2026) → ¥178.00 (forecast for the fiscal year ending March 2027 before taking the stock split into account) |
| Orders received and order backlog | Orders received 88,929 Million yen / Contracted work outstanding 129,536 Million yen |
| Depreciation and amortization | 314 Million yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on Sale of Investment Securities / Amount 218 Million yen / Extraordinary loss Item Loss on disposal of fixed assets / Amount 2 Million yen, Item Impairment loss on membership rights / Amount 3 Million yen |
| 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 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | A stock split and partial amendments to the Articles of Incorporation accompanying the stock split. The Company split 1 share of common stock into 3 shares, with 30 September 2026 as the record date and 1 October 2026 as the effective date. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 63,685,812 shares |
| Treasury Shares at Period-End | 2,140,185 shares |
| Factors Behind Changes in Business Performance | Revenue increased due to the steady progress of work in hand and large-scale projects. Earnings declined due to higher personnel expenses and project-related costs, including advertising expenses associated with television commercials, as well as one-time costs arising from the relocation of offices. |
Items this document does not state (7)
Operating MarginPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesImpairment 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.Revenue increased as work in hand progressed steadily in the air-conditioning and sanitary engineering business and large-scale projects progressed steadily in the electrical equipment engineering business. The decline in earnings was attributable to higher personnel expenses and project-related costs, including advertising expenses for television commercials, as well as one-time costs associated with relocating the head office and Tokyo head office.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.