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Earnings3420KFC LtdConstruction and Materials

Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

For the fiscal year ended March 2026, net sales decreased 2.0% and operating income decreased 20.5%, while net income attributable to owners of the parent increased 4.7%. For the fiscal year ending March 2027, the Company forecasts higher net sales and income, with annual dividends of ¥70.

Worth reading
48Recurring
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
-20.5
% (year-on-year change in consolidated operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAP
Net Sales25,548¥ millionYear on year -2.0%Progress 94.6%
Operating profit1,080¥ millionYear on year -20.5%Progress 72.0%
Ordinary income1,174¥ millionYear on year -19.5%Progress 73.4%
Net income attributable to owners of the parent1,044¥ millionYear on year +4.7%Progress 96.7%

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¥141.88
Operating MarginCurrent fiscal year 4.2 % / Previous period 5.2 %
Financial position at period-end
Total assets29,961¥ million
of which net assets 22,157 ¥ millionEquity ratio 74.0%vs. prior year-end +0.3pt

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+592
Investment+79
Financials-120
Net change+551

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¥4,951 million
Segment revenue
Fastener Business8,149,75330.6%-0.3%
Civil engineering materials business7,076,14426.6%-7.5%
Construction11,367,53042.7%+0.5%
Segment profit
Fastener Business571,83648.7%
Civil engineering materials business194,44016.6%
Construction408,41334.8%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥27,000 million (YoY +5.7%)
Operating profit¥1,500 million (YoY +38.8%)
Ordinary income¥1,600 million (YoY +36.2%)
Net income¥1,080 million (YoY +3.4%)
Annual Dividend Forecast¥65 → ¥70(+7.7%)
Payout ratioFiscal year ending March 2026 45.8 % / Forecast for the fiscal year ending March 2027 47.7 %
Factors Behind Changes in Business Performance

Product sales declined due to the end of the peak in demand for earthquake-resistant materials related to railways and other factors. Sales in the civil engineering materials business were sluggish due to a decline in the number of tunnel projects and auxiliary construction method projects in western Japan. In contrast, the construction business benefited from progress in repair and reinforcement work and orders received by a subsidiary for one-sided earthquake-resistance reinforcement work. On the earnings side, although selling, general and administrative expenses declined, operating income and ordinary income decreased due to the impact of lower net sales and other factors.

Disclosure regarding the going concern assumption

None. The notes regarding the going concern assumption state, “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 No修正再表示 No
Changes in the scope of consolidationNo
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets -, Gain on sale of investment securities ¥272,985 thousand, Insurance proceeds received ¥100,000 thousand / Extraordinary loss Loss on sale of fixed assets -, Loss on Disposal of Fixed Assets ¥44 thousand
Depreciation and amortization¥272,278 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End7,378,050 Shares
Treasury Shares at Period-End18,512 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2025–31 March 2026
Net Sales¥25,548 million (YoY -2.0%)
Operating profit¥1,080 million (YoY -20.5%)
Ordinary income¥1,174 million (YoY -19.5%)
Profit attributable to owners of the parent¥1,044 million (YoY +4.7%)
Net income per share¥141.88
Operating MarginCurrent fiscal year 4.2 % / Previous period 5.2 %
Equity ratioEnd of the current fiscal period 74.0% / End of previous period 73.7%
Total assets¥29,961 million
Net assets¥22,157 million
Cash flows from operating activities¥592 million
Cash flows from investing activities¥79 million
Cash flows from financing activities¥-120 million
Cash and cash equivalents at end of period¥4,951 million
Full-year earnings forecastNet Sales ¥27,000 million (YoY +5.7%) / Operating profit ¥1,500 million (YoY +38.8%) / Ordinary income ¥1,600 million (YoY +36.2%) / Net income ¥1,080 million (YoY +3.4%)
Annual Dividend Forecast¥65 → ¥70(+7.7%)
Payout ratioFiscal year ending March 2026 45.8 % / Forecast for the fiscal year ending March 2027 47.7 %
Segment revenueFastener Business ¥8,149,753 thousand (YoY -0.3%) / Civil engineering materials business ¥7,076,144 thousand (YoY -7.5%) / Construction ¥11,367,530 thousand (YoY +0.5%)
Segment profitFastener Business ¥571,836 thousand / Civil engineering materials business ¥194,440 thousand / Construction ¥408,413 thousand
Depreciation and amortization¥272,278 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets -, Gain on sale of investment securities ¥272,985 thousand, Insurance proceeds received ¥100,000 thousand / Extraordinary loss Loss on sale of fixed assets -, Loss on Disposal of Fixed Assets ¥44 thousand
Disclosure regarding the going concern assumptionNone. The notes regarding the going concern assumption state, “There are no applicable matters.”
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNo
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End7,378,050 Shares
Treasury Shares at Period-End18,512 Shares
Factors Behind Changes in Business PerformanceProduct sales declined due to the end of the peak in demand for earthquake-resistant materials related to railways and other factors. Sales in the civil engineering materials business were sluggish due to a decline in the number of tunnel projects and auxiliary construction method projects in western Japan. In contrast, the construction business benefited from progress in repair and reinforcement work and orders received by a subsidiary for one-sided earthquake-resistance reinforcement work. On the earnings side, although selling, general and administrative expenses declined, operating income and ordinary income decreased due to the impact of lower net sales and other factors.
Items this document does not state (5)
Revision to Earnings ForecastShareholder 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 decreased due to lower product sales and sluggish sales in the civil engineering materials business in western Japan. Although selling, general and administrative expenses declined, operating income and ordinary income decreased due to the impact of lower net sales and other factors.

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.
Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated) | KFC Ltd (3420) timely disclosure | Komori