Komori
Earnings3168MERF Inc.Trading & Wholesale

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending August 2026 (Japanese GAAP) (Consolidated)

Interim net sales increased 5.9% year on year, while operating profit, ordinary profit and interim net income attributable to owners of the parent changed from losses in the same period of the previous year to profits. The full-year earnings forecast is unchanged.

Worth reading
46Recurring
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
2515748
¥ thousand
Wording
Definitive
How definitive the wording is.

Results for this period

Interim period (second quarter)1 September 2025–28 February 2026ConsolidatedJapanese GAAP
Net Sales45,592,251¥ thousandYear on year +5.9%
Operating profit2,515,748¥ thousand
Ordinary income2,582,763¥ thousand
Net income attributable to owners of the parent1,682,482¥ thousand

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.

Financial position at period-end
Total assets30,308,378¥ thousand
of which net assets 11,306,861 ¥ thousandEquity ratio 37.3%

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。

Cash inflows and outflows
Operating-1,578,319
Investment-334,531
Financials+1,161,084
Net change-751,766

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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 period¥944,995 thousand
Segment revenueNon-Ferrous Metals Business ¥45,176,591 thousand (YoY +5.7%), Arts and crafts business ¥415,659 thousand (YoY +24.2%)
Segment profitNon-Ferrous Metals Business ¥2,363,461 thousand, Arts and crafts business ¥152,286 thousand
Outlook and shareholder returns
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance

Higher copper prices, increases and revisions in selling prices, a review of low-margin transactions, expansion of the North American market by overseas subsidiaries, and firm demand for gold products, character merchandise and other products

Disclosure regarding the going concern assumption

No applicable matters.

Material subsequent eventsNo applicable matters.
Impairment lossNo applicable matters.
Depreciation and amortization¥225,987 thousand
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 September 2025–28 February 2026
Net Sales¥45,592,251 thousand (YoY +5.9%)
Operating profit¥2,515,748 thousand
Ordinary income¥2,582,763 thousand
Profit attributable to owners of the parent¥1,682,482 thousand
Equity ratioEnd of the current fiscal period 37.3 / End of previous period Not disclosed
Total assets¥30,308,378 thousand
Net assets¥11,306,861 thousand
Cash flows from operating activities¥-1,578,319 thousand
Cash flows from investing activities¥-334,531 thousand
Cash flows from financing activities¥1,161,084 thousand
Cash and cash equivalents at end of period¥944,995 thousand
Revision to Earnings ForecastNo change
Segment revenueNon-Ferrous Metals Business ¥45,176,591 thousand (YoY +5.7%), Arts and crafts business ¥415,659 thousand (YoY +24.2%)
Segment profitNon-Ferrous Metals Business ¥2,363,461 thousand, Arts and crafts business ¥152,286 thousand
Depreciation and amortization¥225,987 thousand
Impairment lossNo applicable matters.
Disclosure regarding the going concern assumptionNo applicable matters.
Material subsequent eventsNo applicable matters.
Factors Behind Changes in Business PerformanceHigher copper prices, increases and revisions in selling prices, a review of low-margin transactions, expansion of the North American market by overseas subsidiaries, and firm demand for gold products, character merchandise and other products
Items this document does not state (15)
Net income per shareOperating MarginFull-year earnings forecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogBreakdown of extraordinary income (loss)Change in accounting policyChanges in the scope of consolidationAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End

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 increase was supported by higher copper prices, increases and revisions in selling prices, a review of low-margin transactions, and expansion of the North American market by overseas subsidiaries. In the arts and crafts business, demand for gold products, character merchandise and other products remained firm.

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.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending August 2026 (Japanese GAAP) (Consolidated) | MERF Inc. (3168) timely disclosure | Komori