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
1581
¥ millions (year-on-year change in operating income)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Earnings presentationFirst quarter of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales31,367 million yen-2.7%
Operating profit3,387 million yen+87.6%
Ordinary income3,419 million yen+86.0%
Net income2,640 million yen
Operating profit margin10.8%, up 5.2 percentage points year on year
Results for the three months of the current quarterRevenue: ¥31,367 million; operating profit: ¥3,387 million; ordinary profit: ¥3,419 million; net income attributable to owners of the parent: ¥2,640 million
Full-year earnings forecastFull-year forecasts for revenue, operating profit and other items are not disclosed. The presentation shows planned revenue of ¥132,000 million and operating profit of ¥8,800 million.
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Expected to finish in line with the planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in operating profit¥1,581 million
- Increase in ordinary profit¥1,581 million
- Increase in net income attributable to owners of the parent¥4,113 million
- Expenses for improving Apparel's business structure in the previous fiscal year-¥3,434 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Raw-material prices and sales volumes are expected to remain volatile. Numerical assumptions are not disclosed.New initiatives
- Commercialization of the olefin film business in the United States
- Expanding sales of differentiated products in Vietnam and strengthening the production and sales structure
- Increasing production capacity in the semiconductor field and strengthening the structure for stable supply
- Shifting the Medical business toward proprietary products and expanding sales in Europe, the Americas and APAC
- Consolidating Apparel factories, reducing indirect staff and revising prices
- Improving low-profitability real estate-related assets
- Reducing unprofitable sports club locations
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume declined in Apparel. Figures for customer numbers and other metrics are not disclosed.Segment results
- Functional SolutionsNet Sales¥12,354 million, up 7.3% year on yearOperating profit¥2,526 million, up 59.7% year on year
- MedicalNet Sales¥2,925 million, down 7.0% year on yearOperating profit¥315 million, down 41.7% year on year
- ApparelNet Sales¥13,321 million, down 9.8% year on yearOperating profit¥1,185 million, up 226.7% year on year
- Life CreateNet Sales¥3,056 million, up 1.3% year on yearOperating profit¥321 million, up 30.4% year on year
Financial targets
The presentation states an equity ratio of 69.8%, compared with 72.8% at the end of the same period last year. Financial targets are not disclosed.Market Size / Share
The presentation states that the company's intermediate transfer belts for engineering plastics have the leading global market share. The market share percentage and market size are not disclosed.Orders received and order backlog
The presentation refers to increased order volume and expansion of orders received. Amounts are not disclosed.Number of stores and locations
The company referred to reducing and closing unprofitable stores. The number of stores at period-end and the number of store openings and closures are not disclosed.Number of employees
The company referred to reducing indirect staff. Headcount and changes during the period are not disclosed.Annual Dividend
Forecast annual dividend for the fiscal year ending March 2027: ¥69.0. The interim and year-end breakdown is not disclosed.Payout ratio
Forecast payout ratio for the fiscal year ending March 2027: 130.2%. The presentation states a DOE target of at least 4.0%.Acquisition of treasury shares
Not disclosed. Treasury shares totaled 240 thousand shares at the end of June 2026.| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | 31,367 million yen (YoY -2.7%) |
| Operating profit | 3,387 million yen (YoY +87.6%) |
| Ordinary income | 3,419 million yen (YoY +86.0%) |
| Net income | 2,640 million yen |
| Operating profit margin | 10.8%, up 5.2 percentage points year on year |
| Results for the three months of the current quarter | Revenue: ¥31,367 million; operating profit: ¥3,387 million; ordinary profit: ¥3,419 million; net income attributable to owners of the parent: ¥2,640 million |
| Full-year earnings forecast | Full-year forecasts for revenue, operating profit and other items are not disclosed. The presentation shows planned revenue of ¥132,000 million and operating profit of ¥8,800 million. |
| Self-assessment against the plan | Expected to finish in line with the plan |
| Segment results | Segment Functional Solutions / Net Sales ¥12,354 million, up 7.3% year on year / Operating profit ¥2,526 million, up 59.7% year on year, Segment Medical / Net Sales ¥2,925 million, down 7.0% year on year / Operating profit ¥315 million, down 41.7% year on year, Segment Apparel / Net Sales ¥13,321 million, down 9.8% year on year / Operating profit ¥1,185 million, up 226.7% year on year, Segment Life Create / Net Sales ¥3,056 million, up 1.3% year on year / Operating profit ¥321 million, up 30.4% year on year |
| Breakdown of Factors Affecting the Change | Factors Increase in operating profit / Amount ¥1,581 million, Factors Increase in ordinary profit / Amount ¥1,581 million, Factors Increase in net income attributable to owners of the parent / Amount ¥4,113 million, Factors Expenses for improving Apparel's business structure in the previous fiscal year / Amount -¥3,434 million |
| Unit price and quantity metrics | Sales volume declined in Apparel. Figures for customer numbers and other metrics are not disclosed. |
| Number of stores and locations | The company referred to reducing and closing unprofitable stores. The number of stores at period-end and the number of store openings and closures are not disclosed. |
| Number of employees | The company referred to reducing indirect staff. Headcount and changes during the period are not disclosed. |
| Assumptions Underlying the Business Outlook | Raw-material prices and sales volumes are expected to remain volatile. Numerical assumptions are not disclosed. |
| Financial targets | The presentation states an equity ratio of 69.8%, compared with 72.8% at the end of the same period last year. Financial targets are not disclosed. |
| Annual Dividend | Forecast annual dividend for the fiscal year ending March 2027: ¥69.0. The interim and year-end breakdown is not disclosed. |
| Payout ratio | Forecast payout ratio for the fiscal year ending March 2027: 130.2%. The presentation states a DOE target of at least 4.0%. |
| Acquisition of treasury shares | Not disclosed. Treasury shares totaled 240 thousand shares at the end of June 2026. |
| Orders received and order backlog | The presentation refers to increased order volume and expansion of orders received. Amounts are not disclosed. |
| Market Size / Share | The presentation states that the company's intermediate transfer belts for engineering plastics have the leading global market share. The market share percentage and market size are not disclosed. |
| New initiatives | Commercialization of the olefin film business in the United States, Expanding sales of differentiated products in Vietnam and strengthening the production and sales structure, Increasing production capacity in the semiconductor field and strengthening the structure for stable supply, Shifting the Medical business toward proprietary products and expanding sales in Europe, the Americas and APAC, Consolidating Apparel factories, reducing indirect staff and revising prices, Improving low-profitability real estate-related assets, Reducing unprofitable sports club locations |
Items this document does not state (8)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastKey KPIsRisk amount incorporated into the outlookMedium-term management plan targetsCapital expendituresKey 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.Revenue declined because lower sales through existing channels, including mass retailers, in Apparel outweighed solid plastic film sales supported by front-loaded orders ahead of raw-material price increases. Operating profit benefited from the time lag between changes in plastic film selling prices and raw-material prices, improved profitability in the overseas business, and progress in Apparel's business-structure reform. Net income increased partly because the previous fiscal year's results included expenses for improving Apparel's business structure.
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.