Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
216.7
Year-on-year increase (adjusted EBITDA, %)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&AFirst quarter of the fiscal year ending December 20265 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Results for the three months of the current quarterAdjusted EBITDA: up 216.7% year on year; adjusted net income: up 335.7% year on year
Full-year earnings forecast
Net Sales¥23.0 billion
Adjusted EBITDA¥4 billion
Adjusted net income¥2 billion
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The company expects to achieve all of its FY2026 guidance for revenue, adjusted EBITDA and adjusted net income.Key points of the Q&AKey questions raised by investors at the briefing and the company's answers
Q1 results progress, full-year guidance, the impact of interest rates and the situation in the Middle East, value creation at acquired companies, synergies, acquisition policy, shareholder returns, financial leverage and personnel policy, among other topicsNew initiatives
- Value creation at acquired companies through NGP
- Pursuing carve-out transactions involving large companies and tender offers for listed companies
- Rolling out best practices across the group and promoting collaboration among companies
Key KPIsA metric the company considers important as a management benchmark.
- Adjusted EBITDA216.7 Year-on-year increase %
- Adjusted net income335.7 Year-on-year increase %
- Net Debt / adjusted EBITDA1.56 times
Financial targets
Appropriate Net Debt / adjusted EBITDA level: 3–4x; current level: 1.56x| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | First quarter of the fiscal year ending December 2026 |
| Results for the three months of the current quarter | Adjusted EBITDA: up 216.7% year on year; adjusted net income: up 335.7% year on year |
| Full-year earnings forecast | Net Sales ¥23.0 billion / Adjusted EBITDA ¥4 billion / Adjusted net income ¥2 billion |
| Self-assessment against the plan | The company expects to achieve all of its FY2026 guidance for revenue, adjusted EBITDA and adjusted net income. |
| Key KPIs | Indicator name Adjusted EBITDA / Value 216.7 Year-on-year increase (%), Indicator name Adjusted net income / Value 335.7 Year-on-year increase (%), Indicator name Net Debt / adjusted EBITDA / Value 1.56 times |
| Financial targets | Appropriate Net Debt / adjusted EBITDA level: 3–4x; current level: 1.56x |
| Key points of the Q&A | Q1 results progress, full-year guidance, the impact of interest rates and the situation in the Middle East, value creation at acquired companies, synergies, acquisition policy, shareholder returns, financial leverage and personnel policy, among other topics |
| New initiatives | Value creation at acquired companies through NGP, Pursuing carve-out transactions involving large companies and tender offers for listed companies, Rolling out best practices across the group and promoting collaboration among companies |
Items this document does not state (22)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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.Many companies performed well, driven by demand for superconductors for nuclear fusion, semiconductors and AI data centers. In addition, the results of the 7 companies acquired since Q2 FY2025 began to contribute for a full year.
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.