Worth reading
50Recurring
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
10.2
%Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales2,026¥ millionYear on year +10.2%Progress 24.6%
Operating profit340¥ millionProgress 75.6%
Ordinary income358¥ millionProgress 67.5%
Net income attributable to owners of the parent231¥ millionProgress 66.6%
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¥29.19
Financial position at period-end
Total assets12,570¥ million
of which net assets 10,960 ¥ millionEquity ratio 87.2%vs. prior year-end +1.7pt
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.
Segment revenuePC Curtain Wall Business ¥1,788.21 million (YoY +17.2%), Aqua business ¥222.21 million (YoY -25.2%), Other ¥15.57 million (YoY 0.0%)
Segment profitPC Curtain Wall Business ¥325.68 million, Aqua business ¥15.15 million (YoY -55.7%), Other ¥-0.12 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥8,250 million (YoY +12.4%)
Operating profit¥450 million (YoY +299.3%)
Ordinary income¥530 million (YoY +183.9%)
Net income¥347 million (YoY +82.1%)
Revision to Earnings ForecastNot disclosed → 2Q cumulative Net Sales ¥4,500 million / Operating profit ¥450 million / Ordinary income ¥500 million / Net income ¥327 million / Full year Net Sales ¥8,250 million / Operating profit ¥450 million / Ordinary income ¥530 million / Net income ¥347 million
Annual Dividend Forecast¥20 → ¥20（0.0%）
Factors Behind Changes in Business Performance
Factory operating rates recovered from last year's trough and improved, resulting in increases in both revenue and profit. In the Aqua business, the company is seeking to expand renovation work and other projects for aging pool facilities, in addition to work for schools and sports clubs.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥5 thousand / Extraordinary loss No recognition
Depreciation and amortization¥61,146 thousand
Orders received and order backlogOrders received ¥1,595 million (YoY -19.5%) / Order backlog ¥8,457 million (YoY -4.9%)
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End9,553,011 Shares
Treasury Shares at Period-End1,629,264 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥2,026 million (YoY +10.2%) |
| Operating profit | ¥340 million |
| Ordinary income | ¥358 million |
| Profit attributable to owners of the parent | ¥231 million |
| Net income per share | ¥29.19 |
| Equity ratio | End of the current fiscal period 87.2 / End of previous period 85.5 |
| Total assets | ¥12,570 million |
| Net assets | ¥10,960 million |
| Full-year earnings forecast | Net Sales ¥8,250 million (YoY +12.4%) / Operating profit ¥450 million (YoY +299.3%) / Ordinary income ¥530 million (YoY +183.9%) / Net income ¥347 million (YoY +82.1%) |
| Revision to Earnings Forecast | Not disclosed → 2Q cumulative Net Sales ¥4,500 million / Operating profit ¥450 million / Ordinary income ¥500 million / Net income ¥327 million / Full year Net Sales ¥8,250 million / Operating profit ¥450 million / Ordinary income ¥530 million / Net income ¥347 million |
| Annual Dividend Forecast | ¥20 → ¥20（0.0%） |
| Segment revenue | PC Curtain Wall Business ¥1,788.21 million (YoY +17.2%), Aqua business ¥222.21 million (YoY -25.2%), Other ¥15.57 million (YoY 0.0%) |
| Segment profit | PC Curtain Wall Business ¥325.68 million, Aqua business ¥15.15 million (YoY -55.7%), Other ¥-0.12 million |
| Orders received and order backlog | Orders received ¥1,595 million (YoY -19.5%) / Order backlog ¥8,457 million (YoY -4.9%) |
| Depreciation and amortization | ¥61,146 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥5 thousand / Extraordinary loss No recognition |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| 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 | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 9,553,011 Shares |
| Treasury Shares at Period-End | 1,629,264 Shares |
| Factors Behind Changes in Business Performance | Factory operating rates recovered from last year's trough and improved, resulting in increases in both revenue and profit. In the Aqua business, the company is seeking to expand renovation work and other projects for aging pool facilities, in addition to work for schools and sports clubs. |
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesImpairment lossMaterial 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.The company explained that factory operating rates had recovered from last year's trough and improved, resulting in increases in both revenue and profit. In the Aqua business, the company is also seeking to expand renovation work and other projects for aging pool facilities, in addition to work for schools and sports clubs.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.