Worth reading
56In 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
42.9
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year2022年4月1日〜2023年3月31日ConsolidatedJapanese GAAPNet Sales28,853¥ millionYear on year +7.1%Progress 91.6%
Operating profit948¥ millionYear on year +42.9%Progress 82.4%
Ordinary income1,054¥ millionYear on year +34.9%Progress 95.0%
Net income attributable to owners of the parent742¥ millionYear on year -16.4%
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 share108円16銭
Operating MarginCurrent fiscal year 3.3％ / Previous period 2.5％
Financial position at period-end
Total assets18,553¥ million
of which net assets 7,295 ¥ millionEquity ratio 39.2%vs. prior year-end +3.5pt
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+68
Investment-235
Financials-103
Net change-270
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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¥2,491 million
Segment revenueCutting Tool Business ¥16,499 million (YoY -1.3%), Wear-resistant tools business ¥2,571 million (YoY +0.2%), Overseas Business ¥7,345 million (YoY +30.8%), Optical products business ¥1,728 million (YoY +40.3%), e-Commerce business ¥25 million (YoY +160.1%)
Segment profitCutting Tool Business ¥318 million (YoY +103.2%), Wear-resistant tools business ¥107 million (YoY -31.3%), Overseas Business ¥442 million (YoY +51.7%), Optical products business ¥145 million (YoY +98.4%), e-Commerce business ¥-86 million
Regional sales¥21,542 million, ¥3,678 million, ¥2,091 million, ¥1,541 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥31,500 million (YoY +9.2%)
Operating profit¥1,150 million (YoY +21.3%)
Ordinary income¥1,110 million (YoY +5.2%)
Profit attributable to owners of the parent¥762 million (YoY +2.6%)
Annual Dividend Forecast¥33 → ¥35
Payout ratioFiscal year ended March 2023 30.5％ / 2024年3月期（予想） 31.6％
Factors Behind Changes in Business Performance
商品粗利率の改善、主力商材・オリジナル製品の販売拡大、仕入コスト上昇分の販売価格への転嫁、海外マーケットの開拓、円安の影響。切削工具事業では半導体不足による自動車生産調整、耐摩工具事業では製缶業界の設備投資案件減少、eコマース事業では投資フェーズが影響した。
Disclosure regarding the going concern assumption
Not applicable (no matters requiring disclosure under the going concern assumption)
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 No修正再表示 No
Changes in the scope of consolidationNew 重要な子会社の異動なし / Excluded 重要な子会社の異動なし / Number and names of companies Not disclosed
Material subsequent eventsNo applicable matters.
Impairment loss¥29 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥4 million, Insurance surrender value ¥71 million / Extraordinary loss Impairment Losses ¥29 million
Depreciation and amortization¥194 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End6,868,840 Shares
Treasury Shares at Period-End335 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2022年4月1日〜2023年3月31日 |
| Net Sales | ¥28,853 million (YoY +7.1%) |
| Operating profit | ¥948 million (YoY +42.9%) |
| Ordinary income | ¥1,054 million (YoY +34.9%) |
| Profit attributable to owners of the parent | ¥742 million (YoY -16.4%) |
| Net income per share | 108円16銭 |
| Operating Margin | Current fiscal year 3.3％ / Previous period 2.5％ |
| Equity ratio | End of the current fiscal period 39.2％ / End of previous period 35.7％ |
| Total assets | ¥18,553 million |
| Net assets | ¥7,295 million |
| Cash flows from operating activities | ¥68 million |
| Cash flows from investing activities | ¥-235 million |
| Cash flows from financing activities | ¥-103 million |
| Cash and cash equivalents at end of period | ¥2,491 million |
| Full-year earnings forecast | Net Sales ¥31,500 million (YoY +9.2%) / Operating profit ¥1,150 million (YoY +21.3%) / Ordinary income ¥1,110 million (YoY +5.2%) / Profit attributable to owners of the parent ¥762 million (YoY +2.6%) |
| Annual Dividend Forecast | ¥33 → ¥35 |
| Payout ratio | Fiscal year ended March 2023 30.5％ / 2024年3月期（予想） 31.6％ |
| Segment revenue | Cutting Tool Business ¥16,499 million (YoY -1.3%), Wear-resistant tools business ¥2,571 million (YoY +0.2%), Overseas Business ¥7,345 million (YoY +30.8%), Optical products business ¥1,728 million (YoY +40.3%), e-Commerce business ¥25 million (YoY +160.1%) |
| Segment profit | Cutting Tool Business ¥318 million (YoY +103.2%), Wear-resistant tools business ¥107 million (YoY -31.3%), Overseas Business ¥442 million (YoY +51.7%), Optical products business ¥145 million (YoY +98.4%), e-Commerce business ¥-86 million |
| Regional sales | ¥21,542 million, ¥3,678 million, ¥2,091 million, ¥1,541 million |
| Depreciation and amortization | ¥194 million |
| Impairment loss | ¥29 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥4 million, Insurance surrender value ¥71 million / Extraordinary loss Impairment Losses ¥29 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters requiring disclosure under the going concern assumption) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 重要な子会社の異動なし / Excluded 重要な子会社の異動なし / Number and names of companies Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 6,868,840 Shares |
| Treasury Shares at Period-End | 335 Shares |
| Factors Behind Changes in Business Performance | 商品粗利率の改善、主力商材・オリジナル製品の販売拡大、仕入コスト上昇分の販売価格への転嫁、海外マーケットの開拓、円安の影響。切削工具事業では半導体不足による自動車生産調整、耐摩工具事業では製缶業界の設備投資案件減少、eコマース事業では投資フェーズが影響した。 |
Items this document does not state (3)
Revision to Earnings ForecastShareholder Return PolicyOrders received and order backlog
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.会社は、商品粗利率の改善、海外マーケットの開拓、円安の追い風、主力商材・オリジナル製品の販売拡大、仕入コスト上昇分の販売価格への転嫁などを挙げている。また、切削工具事業では半導体不足に伴う自動車生産調整、耐摩工具事業では製缶業界の設備投資案件減少、eコマース事業では投資フェーズであることを説明している。
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.