Komori
Earnings3420KFC LtdConstruction and Materials

Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

In the first quarter of the fiscal year ending March 2027, net sales decreased 7.0% year on year, while operating profit increased 130.3%, ordinary profit increased 120.7%, and net income increased 122.9%. The earnings forecast for the cumulative second quarter was revised, while the full-year forecast remains unchanged.

Worth reading
56In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
130.3
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales5,671¥ millionYear on year -7.0%Progress 21.0%
Operating profit546¥ millionYear on year +130.3%Progress 36.4%
Ordinary income627¥ millionYear on year +120.7%Progress 39.2%
Net income attributable to owners of the parent431¥ millionYear on year +122.9%Progress 39.9%

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¥58.69
Financial position at period-end
Total assets28,088¥ million
of which net assets 22,141 ¥ millionEquity ratio 78.8%vs. prior year-end +4.8pt

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.

Segment revenueFastener Business ¥1,839 million (YoY -4.0%), Civil engineering materials business ¥1,898 million (YoY -6.6%), Construction ¥2,187 million (YoY -9.4%)
Segment profitFastener Business ¥58,701 thousand, Civil engineering materials business ¥99,671 thousand, Construction ¥469,228 thousand
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%)
Revision to Earnings ForecastNot disclosed → Net Sales 12,000 (YoY -2.3%) / Operating profit 860 (YoY +223.5%) / Ordinary income 960 (YoY +200.6%) / Net income 670 (YoY +211.2%)
Annual Dividend Forecast¥65 → ¥70
Factors Behind Changes in Business Performance

Profit increased because the company was able to conclude contracts for additional work that had been started in advance at certain large-scale construction projects, among other factors. Net sales decreased because of lower revenue from earthquake-resistance-related construction, sluggish sales of rock bolts, and the completion of other large-scale construction projects.

Disclosure regarding the going concern assumption

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 consolidationNew Not disclosed / Excluded Not disclosed / Company name Not disclosed / Material changes No
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 thousand, Total extraordinary loss ¥0 thousand
Depreciation and amortization¥67,474 thousand
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End7,378,050 shares
Treasury Shares at Period-End18,512 shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥5,671 million (YoY -7.0%)
Operating profit¥546 million (YoY +130.3%)
Ordinary income¥627 million (YoY +120.7%)
Profit attributable to owners of the parent¥431 million (YoY +122.9%)
Net income per share¥58.69
Equity ratioEnd of the current fiscal period 78.8 / End of previous period 74
Total assets¥28,088 million
Net assets¥22,141 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%)
Revision to Earnings ForecastNot disclosed → Net Sales 12,000 (YoY -2.3%) / Operating profit 860 (YoY +223.5%) / Ordinary income 960 (YoY +200.6%) / Net income 670 (YoY +211.2%)
Annual Dividend Forecast¥65 → ¥70
Segment revenueFastener Business ¥1,839 million (YoY -4.0%), Civil engineering materials business ¥1,898 million (YoY -6.6%), Construction ¥2,187 million (YoY -9.4%)
Segment profitFastener Business ¥58,701 thousand, Civil engineering materials business ¥99,671 thousand, Construction ¥469,228 thousand
Depreciation and amortization¥67,474 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Loss on Disposal of Fixed Assets ¥0 thousand, Total extraordinary loss ¥0 thousand
Disclosure regarding the going concern assumptionNo 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 consolidationNew Not disclosed / Excluded Not disclosed / Company name Not disclosed / Material changes No
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End7,378,050 shares
Treasury Shares at Period-End18,512 shares
Factors Behind Changes in Business PerformanceProfit increased because the company was able to conclude contracts for additional work that had been started in advance at certain large-scale construction projects, among other factors. Net sales decreased because of lower revenue from earthquake-resistance-related construction, sluggish sales of rock bolts, and the completion of other large-scale construction projects.
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossMaterial subsequent events

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.

Although net sales decreased, profit increased because the company was able to conclude contracts for additional work that had been started in advance at certain large-scale construction projects and recognize the related revenue, among other factors. Factors contributing to the decrease in net sales included lower revenue from earthquake-resistance-related construction, sluggish sales of rock bolts, and the completion of other large-scale construction projects.

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Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | KFC Ltd (3420) timely disclosure | Komori