Worth reading
78Important
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
183
¥ hundred millionWording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationSecond quarter (interim period) of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,721 hundred million
Ordinary income¥861 hundred million+59.9%
Net income¥636 hundred million+40.4%
Selling, general and administrative expenses¥-1,684 hundred million
Results for the three months of the current quarter
First quarter
Revenue
¥8,342 hundred million
Gross profit
¥1,113 hundred million
Net income for the current fiscal year
¥302 hundred million
Second quarter
Revenue
¥8,379 hundred million
Gross profit
¥1,110 hundred million
Net income for the current fiscal year
¥334 hundred million
Full-year earnings forecast
Gross profit
¥4,400 hundred million
Selling, general and administrative expenses
¥-3,200 hundred million
Other income and expenses
¥50 hundred million
Financial income and expenses
¥-50 hundred million
Share of profit or loss of investments accounted for using the equity method
¥500 hundred million
Pretax profit
¥1,700 hundred million
Net income for the current fiscal year
¥1,300 hundred million
Underlying earnings power
¥1,650 hundred million
Underlying operating cash flow
¥1,500 hundred million
Underlying cash flow
¥-110 hundred million
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。
Gross profit51%
Pretax profit51%
Net income for the current fiscal year49%
Underlying earnings power47%
Underlying operating cash flow54%
By segment
AutomotiveProgress rate -%
Aviation and Transportation Infrastructure35%
Energy and Comprehensive Infrastructure50%
Metals, Resources and Recycling43%
Chemicals63%
Lifestyle Industries and Agri-Business48%
Retail and Consumer Services56%
Other17%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress in line with planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue
Energy and Comprehensive Infrastructure2,475
Chemicals781
Metals, Resources and Recycling656
Retail and Consumer Services233
Gross profit
Chemicals222
Energy and Comprehensive Infrastructure189
Retail and Consumer Services88
Segment net income
Automotive-8
Aviation and Transportation Infrastructure-38
Energy and Comprehensive Infrastructure62
Metals, Resources and Recycling26
Chemicals95
Lifestyle Industries and Agri-Business-19
Retail and Consumer Services65
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Coking coalUS$210/t
Thermal coalUS$120/t
Crude oil (Brent)US$70/bbl
Foreign ExchangeJPY150/US$
Interest rates (TIBOR)1.45%
New initiatives
- Acquisition of NESI, a UK fisheries business
- New consolidation of Capella's Australian infrastructure development business and business expansion
- Investment in the US energy solutions business
- Equity investment in VEINSA, a Costa Rican automotive sales business
- Execution of an agreement to transfer the Australian Gregory Crinum coking coal business
Key KPIsA metric the company considers important as a management benchmark.
Underlying operating cash flow
¥803 hundred million
yoy_change148
Underlying cash flow
¥207 hundred million
yoy_change671
Equity ratio
30.5 %
yoy_change0.6
Net debt-to-equity ratio
0.98 times
yoy_change0.03
Risk-weighted assets
¥6,800 hundred million
yoy_change200
Investment amount
¥960 hundred million
Asset replacement amount
¥705 hundred million
Segment results
Gross profit
Automotive
¥336 hundred million
yoy_change35
Aviation and Transportation Infrastructure
¥124 hundred million
yoy_change-17
Energy and Comprehensive Infrastructure
¥460 hundred million
yoy_change189
Metals, Resources and Recycling
¥72 hundred million
yoy_change27
Chemicals
¥589 hundred million
yoy_change222
Lifestyle Industries and Agri-Business
¥207 hundred million
yoy_change-30
Retail and Consumer Services
¥375 hundred million
yoy_change88
Other
¥60 hundred million
yoy_change-7
Net income for the current fiscal year
Automotive
¥0 hundred million
yoy_change-8
Aviation and Transportation Infrastructure
¥67 hundred million
yoy_change-38
Energy and Comprehensive Infrastructure
¥141 hundred million
yoy_change62
Metals, Resources and Recycling
¥95 hundred million
yoy_change26
Chemicals
¥201 hundred million
yoy_change95
Lifestyle Industries and Agri-Business
¥38 hundred million
yoy_change-19
Retail and Consumer Services
¥84 hundred million
yoy_change65
Other
¥10 hundred million
yoy_change0
Medium-term management plan targets
Growth investment
¥3,000 hundred million
Target period3-year period under Medium-Term Management Plan 2026
Shareholder Returns
Target periodMedium-Term Management Plan 2026
ROE
11.4 %
Target fiscal yearFiscal year ending March 2027
Financial targets
ROE
Target value11.4 %
ROA
Target value3.5 %
Equity ratio
Target value31.6 %
Actual value30.5 %
Net debt-to-equity ratio
Target valueApproximately 1x
Actual value0.98 times
Market Size / Share
Capella bid win rateOver 50%
Australian energy utilities bundled supply business share
Queensland50%
Victoria25%
Annual Dividend
Annual
¥180 /share
Interim
¥90 /share
End of period
¥90 /share
Acquisition of treasury shares
FY3/26
100
Amount unit¥ hundred million
Number of Shares280
Share unit10,000 shares
Period2 May 2025–31 July 2025
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥16,721 hundred million |
| Ordinary income | ¥861 hundred million (YoY +59.9%) |
| Net income | ¥636 hundred million (YoY +40.4%) |
| Selling, general and administrative expenses | ¥-1,684 hundred million |
| Results for the three months of the current quarter | First quarter Revenue ¥8,342 hundred million / Gross profit ¥1,113 hundred million / Net income for the current fiscal year ¥302 hundred million / Second quarter Revenue ¥8,379 hundred million / Gross profit ¥1,110 hundred million / Net income for the current fiscal year ¥334 hundred million |
| Full-year earnings forecast | Gross profit ¥4,400 hundred million / Selling, general and administrative expenses ¥-3,200 hundred million / Other income and expenses ¥50 hundred million / Financial income and expenses ¥-50 hundred million / Share of profit or loss of investments accounted for using the equity method ¥500 hundred million / Pretax profit ¥1,700 hundred million / Net income for the current fiscal year ¥1,300 hundred million / Underlying earnings power ¥1,650 hundred million / Underlying operating cash flow ¥1,500 hundred million / Underlying cash flow ¥-110 hundred million |
| Progress against full-year forecast | Gross profit 51% / Pretax profit 51% / Net income for the current fiscal year 49% / Underlying earnings power 47% / Underlying operating cash flow 54% / By segment Automotive Progress rate -% / Aviation and Transportation Infrastructure 35% / Energy and Comprehensive Infrastructure 50% / Metals, Resources and Recycling 43% / Chemicals 63% / Lifestyle Industries and Agri-Business 48% / Retail and Consumer Services 56% / Other 17% |
| Self-assessment against the plan | Progress in line with plan |
| Segment results | Gross profit Automotive ¥336 hundred million / Aviation and Transportation Infrastructure ¥124 hundred million / Energy and Comprehensive Infrastructure ¥460 hundred million / Metals, Resources and Recycling ¥72 hundred million / Chemicals ¥589 hundred million / Lifestyle Industries and Agri-Business ¥207 hundred million / Retail and Consumer Services ¥375 hundred million / Other ¥60 hundred million / Net income for the current fiscal year Automotive ¥0 hundred million / Aviation and Transportation Infrastructure ¥67 hundred million / Energy and Comprehensive Infrastructure ¥141 hundred million / Metals, Resources and Recycling ¥95 hundred million / Chemicals ¥201 hundred million / Lifestyle Industries and Agri-Business ¥38 hundred million / Retail and Consumer Services ¥84 hundred million / Other ¥10 hundred million |
| Breakdown of Factors Affecting the Change | Revenue Energy and Comprehensive Infrastructure 2,475 / Chemicals 781 / Metals, Resources and Recycling 656 / Retail and Consumer Services 233 / Gross profit Chemicals 222 / Energy and Comprehensive Infrastructure 189 / Retail and Consumer Services 88 / Segment net income Automotive -8 / Aviation and Transportation Infrastructure -38 / Energy and Comprehensive Infrastructure 62 / Metals, Resources and Recycling 26 / Chemicals 95 / Lifestyle Industries and Agri-Business -19 / Retail and Consumer Services 65 |
| Key KPIs | Underlying operating cash flow ¥803 hundred million / Underlying cash flow ¥207 hundred million / ROE Not disclosed / ROA Not disclosed / Equity ratio 30.5 % / Net debt-to-equity ratio 0.98 times / Risk-weighted assets ¥6,800 hundred million / Investment amount ¥960 hundred million / Asset replacement amount ¥705 hundred million |
| Assumptions Underlying the Business Outlook | Coking coal US$210/t / Thermal coal US$120/t / Crude oil (Brent) US$70/bbl / Foreign Exchange JPY150/US$ / Interest rates (TIBOR) 1.45% |
| Medium-term management plan targets | Growth investment ¥3,000 hundred million / Shareholder Returns value Not disclosed / Target period Medium-Term Management Plan 2026 / ROE 11.4 % |
| Financial targets | ROE Target value 11.4 % / Actual value Not disclosed / ROA Target value 3.5 % / Actual value Not disclosed / Equity ratio Target value 31.6 % / Actual value 30.5 % / Net debt-to-equity ratio Target value Approximately 1x / Actual value 0.98 times |
| Annual Dividend | Annual ¥180 /share / Interim ¥90 /share / End of period ¥90 /share |
| Acquisition of treasury shares | FY3/26 Amount 100 / Amount unit ¥ hundred million / Number of Shares 280 / Share unit 10,000 shares / Period 2 May 2025–31 July 2025 |
| Market Size / Share | Capella bid win rate Over 50% / Australian energy utilities bundled supply business share Queensland 50% / Victoria 25% |
| New initiatives | Acquisition of NESI, a UK fisheries business, New consolidation of Capella's Australian infrastructure development business and business expansion, Investment in the US energy solutions business, Equity investment in VEINSA, a Costa Rican automotive sales business, Execution of an agreement to transfer the Australian Gregory Crinum coking coal business |
Items this document does not state (11)
Operating profitGross profitOperating profit marginUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital expendituresOrders received and order backlogKey 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.In Chemicals, higher methanol prices, profit contributions from 日本エイアンドエル, and steady performance in domestic and overseas trading contributed to higher profit. In Energy & Integrated Infrastructure, the newly consolidated Australian infrastructure development business and increased transactions in the US energy solutions business, among other factors, contributed to results. In contrast, Automotive was adversely affected by weak performance in the Australian used-car business, while Lifestyle Industries & Agribusiness was affected by a decline in overseas fertilizer sales volumes.
How to read this page
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