Worth reading
58In 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
-14.5
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 to 30 September 2026ConsolidatedJapanese GAAPNet Sales132,636¥ millionsYear on year +1.7%Progress 42.5%
Operating profit8,949¥ millionsYear on year -14.5%Progress 37.6%
Ordinary income9,744¥ millionsYear on year -11.7%Progress 39.0%
Net income attributable to owners of the parent6,137¥ millionsYear on year -17.8%
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¥97.44
Financial position at period-end
Total assets282,160¥ millions
of which net assets 178,936 ¥ millionsEquity ratio 60.0%vs. prior year-end +3.9pt
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-14,232
Investment-3,347
Financials-3,738
Net change-21,317
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ millions).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¥65,994 millions
Segment revenueEnvironmental Systems Business ¥94,456 millions (YoY +9.5%), Coating systems business ¥37,411 millions (YoY -13.8%), Other ¥767 millions (YoY -10.6%)
Segment profitEnvironmental Systems Business ¥10,840 millions, Coating systems business ¥-1,439 millions, Other ¥-188 millions
Regional sales¥66,615 millions, ¥9,183 millions, ¥12,383 millions, ¥17,909 millions, ¥6,133 millions, ¥738 millions, ¥10,039 millions, ¥6,453 millions, ¥3,178 millions
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥312,000 millions (YoY +9.0%)
Operating profit¥23,800 millions (YoY +2.1%)
Ordinary income¥25,000 millions (YoY +0.8%)
Profit attributable to owners of the parent¥18,000 millions (YoY +15.4%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥312,000 millions / Operating profit Not disclosed → ¥23,800 millions / Ordinary income Not disclosed → ¥25,000 millions / Profit attributable to owners of the parent Not disclosed → ¥18,000 millions
Annual Dividend Forecast¥110 → ¥119（+8.2%）
Factors Behind Changes in Business Performance
Order intake declined overseas, while increasing significantly in Japan. Completed construction revenue declined in Japan, while increasing overseas. The Painting Systems business recorded a segment loss due to deteriorating profitability on large overseas projects and construction delays, among other factors.
Disclosure regarding the going concern assumption
None applicable (Notes on going concern: None 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment loss¥0 millions
Breakdown of extraordinary income (loss)Extraordinary income Gain on disposal of non-current assets ¥128 millions, Gain on sales of investment securities ¥757 millions / Extraordinary loss Losses on Disposal of Fixed Assets ¥21 millions, Impairment Losses ¥0 millions, Provision for losses related to factory closure ¥103 millions
Depreciation and amortization¥1,110 millions
Orders received and order backlogOrders received ¥184,516 millions / Carried-forward construction orders ¥365,965 millions
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End63,464,018
Treasury Shares at Period-End568,491
| 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 | ¥132,636 millions (YoY +1.7%) |
| Operating profit | ¥8,949 millions (YoY -14.5%) |
| Ordinary income | ¥9,744 millions (YoY -11.7%) |
| Profit attributable to owners of the parent | ¥6,137 millions (YoY -17.8%) |
| Net income per share | ¥97.44 |
| Equity ratio | End of the current fiscal period 60 / End of previous period 56.1 |
| Total assets | ¥282,160 millions |
| Net assets | ¥178,936 millions |
| Cash flows from operating activities | ¥-14,232 millions |
| Cash flows from investing activities | ¥-3,347 millions |
| Cash flows from financing activities | ¥-3,738 millions |
| Cash and cash equivalents at end of period | ¥65,994 millions |
| Full-year earnings forecast | Net Sales ¥312,000 millions (YoY +9.0%) / Operating profit ¥23,800 millions (YoY +2.1%) / Ordinary income ¥25,000 millions (YoY +0.8%) / Profit attributable to owners of the parent ¥18,000 millions (YoY +15.4%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥312,000 millions / Operating profit Not disclosed → ¥23,800 millions / Ordinary income Not disclosed → ¥25,000 millions / Profit attributable to owners of the parent Not disclosed → ¥18,000 millions |
| Annual Dividend Forecast | ¥110 → ¥119（+8.2%） |
| Segment revenue | Environmental Systems Business ¥94,456 millions (YoY +9.5%), Coating systems business ¥37,411 millions (YoY -13.8%), Other ¥767 millions (YoY -10.6%) |
| Segment profit | Environmental Systems Business ¥10,840 millions, Coating systems business ¥-1,439 millions, Other ¥-188 millions |
| Regional sales | ¥66,615 millions, ¥9,183 millions, ¥12,383 millions, ¥17,909 millions, ¥6,133 millions, ¥738 millions, ¥10,039 millions, ¥6,453 millions, ¥3,178 millions |
| Orders received and order backlog | Orders received ¥184,516 millions / Carried-forward construction orders ¥365,965 millions |
| Depreciation and amortization | ¥1,110 millions |
| Impairment loss | ¥0 millions |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on disposal of non-current assets ¥128 millions, Gain on sales of investment securities ¥757 millions / Extraordinary loss Losses on Disposal of Fixed Assets ¥21 millions, Impairment Losses ¥0 millions, Provision for losses related to factory closure ¥103 millions |
| Disclosure regarding the going concern assumption | None applicable (Notes on going concern: None 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 63,464,018 |
| Treasury Shares at Period-End | 568,491 |
| Factors Behind Changes in Business Performance | Order intake declined overseas, while increasing significantly in Japan. Completed construction revenue declined in Japan, while increasing overseas. The Painting Systems business recorded a segment loss due to deteriorating profitability on large overseas projects and construction delays, among other factors. |
Items this document does not state (4)
Operating MarginPayout ratioShareholder Return PolicyMaterial subsequent events
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.Overseas revenue increased, although domestic completed construction revenue declined. In terms of profit, profitability deteriorated on large overseas projects in the Painting Systems business, and construction delays and other issues also occurred.
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.