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67In focus
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Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending December 2026, third quarter7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥17,795 millions-1.3%
Operating profit¥1,774 millions-6.1%
Ordinary income¥1,957 millions-1.4%
Net income¥1,046 million -19.8%profit attributable to owners of the parent
Gross Profit Margin31.0%
Operating profit margin10.0%
Selling, general and administrative expenses¥3,739 millions
Results for the three months of the current quarter
Standalone third quarter of 2026
Net Sales
¥5,054 millions
Supplementary information+¥424 million versus the third quarter of the previous year
Full-year earnings forecast
Orders received
¥24,000 millions
Net Sales
¥24,900 millions
Operating profit
¥2,410 millions
Ordinary income
¥2,450 millions
Profit attributable to owners of the parent
¥1,500 millions
Operating profit margin
9.7%
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Orders received
Before revision85.1%
After revision82.1%
Net Sales71.5%
Operating profit73.6%
Profit attributable to owners of the parent
Before revision63.0%
After revision69.8%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Decrease in profit due to lower sales¥-72 millions
- Increase in profit from an improved cost ratioShown in a chart; amount not specified
- Profit decline from higher SG&A expensesShown in a chart; amount not specified
- Profit decline due to an increase in the provision for business compensation¥-149 millions
New initiatives
- Joint development and patent application in progress for a system that detects signs of road subsidence
- Selection for a demonstration project in Malaysia to rehabilitate water and sewer pipelines using CIPP technology
- Partial commencement of industrial water supply in the Tomakomai area
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥19,711 millionsYear on year against the same period last year-16.0%
- Order backlog¥26,667 millionsYear on year against the same period last year-5.0%
Segment results
Water supply
Orders received
¥7,620 millions-24.4%
Net Sales
¥6,468 millions+1.2%
Sewerage
Orders received
¥10,234 millions-9.4%
Net Sales
¥9,543 millions-0.7%
Rivers and other
Orders received
¥1,856 millions-11.2%
Net Sales
¥1,783 millions-12.1%
Orders received and order backlog
Orders received
¥19,711 millions
Order backlog
¥26,667 millions
Annual Dividend
Annual dividend per share¥74
Payout ratio
58.2%| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending December 2026, third quarter |
| Net Sales | ¥17,795 millions (YoY -1.3%) |
| Operating profit | ¥1,774 millions (YoY -6.1%) |
| Ordinary income | ¥1,957 millions (YoY -1.4%) |
| Net income | ¥1,046 million (profit attributable to owners of the parent) (YoY -19.8%) |
| Gross Profit Margin | 31.0% |
| Operating profit margin | 10.0% |
| Selling, general and administrative expenses | ¥3,739 millions |
| Results for the three months of the current quarter | Net Sales ¥5,054 millions / Subject Standalone third quarter of 2026 / Supplementary information +¥424 million versus the third quarter of the previous year |
| Full-year earnings forecast | Orders received ¥24,000 millions / Net Sales ¥24,900 millions / Operating profit ¥2,410 millions / Ordinary income ¥2,450 millions / Profit attributable to owners of the parent ¥1,500 millions / Operating profit margin 9.7% |
| Progress against full-year forecast | Orders received Before revision 85.1% / After revision 82.1% / Net Sales 71.5% / Operating profit 73.6% / Profit attributable to owners of the parent Before revision 63.0% / After revision 69.8% |
| Segment results | Water supply Orders received ¥7,620 millions (YoY -24.4%) / Net Sales ¥6,468 millions (YoY +1.2%) / Sewerage Orders received ¥10,234 millions (YoY -9.4%) / Net Sales ¥9,543 millions (YoY -0.7%) / Rivers and other Orders received ¥1,856 millions (YoY -11.2%) / Net Sales ¥1,783 millions (YoY -12.1%) |
| Breakdown of Factors Affecting the Change | Factors Decrease in profit due to lower sales / Amount ¥-72 millions, Factors Increase in profit from an improved cost ratio / Amount Shown in a chart; amount not specified, Factors Profit decline from higher SG&A expenses / Amount Shown in a chart; amount not specified, Factors Profit decline due to an increase in the provision for business compensation / Amount ¥-149 millions |
| Key KPIs | ¥19,711 millions, ¥26,667 millions |
| Annual Dividend | Annual dividend per share ¥74 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | 58.2% |
| Orders received and order backlog | Orders received ¥19,711 millions / Order backlog ¥26,667 millions |
| New initiatives | Joint development and patent application in progress for a system that detects signs of road subsidence, Selection for a demonstration project in Malaysia to rehabilitate water and sewer pipelines using CIPP technology, Partial commencement of industrial water supply in the Tomakomai area |
Items this document does not state (12)
Self-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresMarket Size / ShareKey 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.The forecast for orders received was revised upward to reflect domestic order conditions. The net profit forecast was revised downward because deferred tax assets are expected to be recalculated and reversed following the application of the size-based business tax, resulting in an expected increase in deferred income taxes. Operating profit for the cumulative first 3 quarters was weighed down by lower revenue, higher selling, general and administrative expenses, and the recognition of an additional provision for business compensation.
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.