Worth reading
63In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-98
¥ million (interim net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales21,552Millions of yenYear on year +0.7%Progress 49.0%
Operating profit621Millions of yenYear on year -23.2%Progress 41.4%
Ordinary income658Millions of yenYear on year -20.6%Progress 43.9%
Net income attributable to owners of the parent-98Millions of yen
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-¥25.14
Financial position at period-end
Total assets30,884Millions of yen
of which net assets 11,860 Millions of yenEquity ratio 38.4%vs. prior year-end +1.5pt
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+157
Investment-60
Financials-269
Net change-172
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period1,157 Millions of yen
Segment revenueFood-Related Business 17,412 Millions of yen (YoY -0.7%), Materials-related 1,935 Millions of yen (YoY +14.8%), Electronics-related 1,926 Millions of yen (YoY -0.7%), Business development-related 277 Millions of yen (YoY +7.9%)
Segment profitFood-Related Business 884 Millions of yen (YoY -21.4%), Materials-related 267 Millions of yen (YoY +59.4%), Electronics-related 138 Millions of yen (YoY -11.4%), Business development-related -36 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales44,000 Millions of yen (YoY +1.7%)
Operating profit1,500 Millions of yen (YoY -8.9%)
Ordinary income1,500 Millions of yen (YoY -13.1%)
Profit attributable to owners of the parent800 Millions of yen (YoY -40.6%)
Revision to Earnings ForecastNet Sales Not disclosed → 44,000 Millions of yen / Operating profit Not disclosed → 1,500 Millions of yen / Ordinary income Not disclosed → 1,500 Millions of yen / Profit attributable to owners of the parent Not disclosed → 800 Millions of yen
Annual Dividend Forecast110 Yen → 110 Yen（0.0%）
Factors Behind Changes in Business Performance
Net sales increased due to growth in the materials-related business and other areas. In the food-related business, profit margins declined because of higher procurement costs. Special gains, including gains on the sale of investment securities recorded in the same period of the previous year, were not recorded in the current period, while withdrawal costs related to the capacitor business and settlement costs were recorded as extraordinary losses.
Disclosure regarding the going concern assumption
There are 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 Yes修正再表示 No
Changes in the scope of consolidation0 new companies, 0 excluded (no material changes)
Material subsequent eventsAt a meeting of the Board of Directors held on 30 October 2026, the Company resolved to sell part of its holdings in 3 listed securities. The sale is scheduled to take place during the third quarter of the fiscal year ending March 2027, and a gain on the sale of investment securities of approximately ¥500 million is expected.
Breakdown of extraordinary income (loss)Extraordinary income None during the interim period / Extraordinary loss Business restructuring loss 303 Millions of yen, Provision for settlement losses 230 Millions of yen / Total Extraordinary Losses 533 Millions of yen
Depreciation and amortization139 Millions of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End4,168,500 shares
Treasury Shares at Period-End242,402 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 21,552 Millions of yen (YoY +0.7%) |
| Operating profit | 621 Millions of yen (YoY -23.2%) |
| Ordinary income | 658 Millions of yen (YoY -20.6%) |
| Profit attributable to owners of the parent | -98 Millions of yen |
| Net income per share | -¥25.14 |
| Equity ratio | End of the current fiscal period 38.4 / End of previous period 36.9 |
| Total assets | 30,884 Millions of yen |
| Net assets | 11,860 Millions of yen |
| Cash flows from operating activities | 157 Millions of yen |
| Cash flows from investing activities | -60 Millions of yen |
| Cash flows from financing activities | -269 Millions of yen |
| Cash and cash equivalents at end of period | 1,157 Millions of yen |
| Full-year earnings forecast | Net Sales 44,000 Millions of yen (YoY +1.7%) / Operating profit 1,500 Millions of yen (YoY -8.9%) / Ordinary income 1,500 Millions of yen (YoY -13.1%) / Profit attributable to owners of the parent 800 Millions of yen (YoY -40.6%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → 44,000 Millions of yen / Operating profit Not disclosed → 1,500 Millions of yen / Ordinary income Not disclosed → 1,500 Millions of yen / Profit attributable to owners of the parent Not disclosed → 800 Millions of yen |
| Annual Dividend Forecast | 110 Yen → 110 Yen（0.0%） |
| Segment revenue | Food-Related Business 17,412 Millions of yen (YoY -0.7%), Materials-related 1,935 Millions of yen (YoY +14.8%), Electronics-related 1,926 Millions of yen (YoY -0.7%), Business development-related 277 Millions of yen (YoY +7.9%) |
| Segment profit | Food-Related Business 884 Millions of yen (YoY -21.4%), Materials-related 267 Millions of yen (YoY +59.4%), Electronics-related 138 Millions of yen (YoY -11.4%), Business development-related -36 Millions of yen |
| Depreciation and amortization | 139 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income None during the interim period / Extraordinary loss Business restructuring loss 303 Millions of yen, Provision for settlement losses 230 Millions of yen / Total Extraordinary Losses 533 Millions of yen |
| Disclosure regarding the going concern assumption | There are no applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate Yes / Restatement No |
| Changes in the scope of consolidation | 0 new companies, 0 excluded (no material changes) |
| Material subsequent events | At a meeting of the Board of Directors held on 30 October 2026, the Company resolved to sell part of its holdings in 3 listed securities. The sale is scheduled to take place during the third quarter of the fiscal year ending March 2027, and a gain on the sale of investment securities of approximately ¥500 million is expected. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 4,168,500 shares |
| Treasury Shares at Period-End | 242,402 shares |
| Factors Behind Changes in Business Performance | Net sales increased due to growth in the materials-related business and other areas. In the food-related business, profit margins declined because of higher procurement costs. Special gains, including gains on the sale of investment securities recorded in the same period of the previous year, were not recorded in the current period, while withdrawal costs related to the capacitor business and settlement costs were recorded as extraordinary losses. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment loss
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.Net sales increased in the materials-related business and other areas. Operating income declined because higher procurement costs in the food-related business reduced profit margins, among other factors. Interim net income declined because special gains, including gains on the sale of investment securities recorded in the same period of the previous year, were no longer recorded, while withdrawal costs related to the capacitor business and settlement costs for a litigation matter were recorded as extraordinary losses.
How to read this page
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