Worth reading
59In focus
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
7.9
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales58,490¥ millionYear on year +7.9%Progress 90.0%
Operating profit14,102¥ millionYear on year +15.0%Progress 94.0%
Ordinary income14,745¥ millionYear on year +17.4%Progress 98.3%
Net income attributable to owners of the parent10,060¥ millionYear on year +25.0%Progress 98.3%
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¥169.19
Operating MarginCurrent fiscal year 24.1% / Previous period 22.6%
Financial position at period-end
Total assets89,291¥ million
of which net assets 72,657 ¥ millionEquity ratio 74.8%vs. prior year-end +0.6pt
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+7,749
Investment-9,963
Financials-1,155
Net change-3,369
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¥14,461 million
Segment revenueThermal spraying (non-consolidated) ¥40,709 million (YoY +3.8%), Domestic Subsidiary ¥2,883 million (YoY +8.6%), Overseas Subsidiary ¥12,269 million (YoY +31.7%), Other surface treatment processing (outside reporting segments) ¥2,467 million (YoY -14.3%)
Segment profitThermal spraying (non-consolidated) ¥8,802 million (YoY -0.7%), Domestic Subsidiary ¥331 million (YoY -4.2%), Overseas Subsidiary ¥4,937 million (YoY +48.2%), Other surface treatment processing (outside reporting segments) ¥281 million (YoY -33.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥65,000 million (YoY +11.1%)
Operating profit¥15,000 million (YoY +6.4%)
Ordinary income¥15,000 million (YoY +1.7%)
Net income¥10,230 million (YoY +1.7%)
Annual Dividend Forecast¥85 per share → ¥86 per share（+1.2%）
Payout ratioActual results for the current fiscal year 50.2% / Next-year forecast 50.0%
Shareholder Return PolicyThe Company targets a consolidated dividend payout ratio of approximately 50% and a dividend-on-equity (DOE) ratio of at least 5%. Share repurchases will also be conducted flexibly, taking into consideration the business environment and financial position.
Factors Behind Changes in Business Performance
Strong performance in the semiconductor sector, driven by expanding demand for generative AI and data centers; solid performance in the industrial machinery, energy and environmental sectors; expanded sales of high-value-added products; and improved production efficiency. Profit was also affected by higher depreciation and amortization expenses and surging raw material and energy prices.
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 Number of companies 1 / Company name TOCALO USA-Arizona LLC / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Impairment lossNone recorded for the current period
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥13 million, Insurance surrender value ¥16 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥32 million
Depreciation and amortization¥3,791 million
Orders received and order backlogOrders received ¥61,823 million / Order backlog ¥14,843 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Securities analysts and institutional investors
Issued Shares at Period-End61,200,000 Shares
Treasury Shares at Period-End1,731,302 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥58,490 million (YoY +7.9%) |
| Operating profit | ¥14,102 million (YoY +15.0%) |
| Ordinary income | ¥14,745 million (YoY +17.4%) |
| Profit attributable to owners of the parent | ¥10,060 million (YoY +25.0%) |
| Net income per share | ¥169.19 |
| Operating Margin | Current fiscal year 24.1% / Previous period 22.6% |
| Equity ratio | End of the current fiscal period 74.8% / End of previous period 74.2% |
| Total assets | ¥89,291 million |
| Net assets | ¥72,657 million |
| Cash flows from operating activities | ¥7,749 million |
| Cash flows from investing activities | ¥-9,963 million |
| Cash flows from financing activities | ¥-1,155 million |
| Cash and cash equivalents at end of period | ¥14,461 million |
| Full-year earnings forecast | Net Sales ¥65,000 million (YoY +11.1%) / Operating profit ¥15,000 million (YoY +6.4%) / Ordinary income ¥15,000 million (YoY +1.7%) / Net income ¥10,230 million (YoY +1.7%) |
| Annual Dividend Forecast | ¥85 per share → ¥86 per share（+1.2%） |
| Payout ratio | Actual results for the current fiscal year 50.2% / Next-year forecast 50.0% |
| Shareholder Return Policy | The Company targets a consolidated dividend payout ratio of approximately 50% and a dividend-on-equity (DOE) ratio of at least 5%. Share repurchases will also be conducted flexibly, taking into consideration the business environment and financial position. |
| Segment revenue | Thermal spraying (non-consolidated) ¥40,709 million (YoY +3.8%), Domestic Subsidiary ¥2,883 million (YoY +8.6%), Overseas Subsidiary ¥12,269 million (YoY +31.7%), Other surface treatment processing (outside reporting segments) ¥2,467 million (YoY -14.3%) |
| Segment profit | Thermal spraying (non-consolidated) ¥8,802 million (YoY -0.7%), Domestic Subsidiary ¥331 million (YoY -4.2%), Overseas Subsidiary ¥4,937 million (YoY +48.2%), Other surface treatment processing (outside reporting segments) ¥281 million (YoY -33.4%) |
| Orders received and order backlog | Orders received ¥61,823 million / Order backlog ¥14,843 million |
| Depreciation and amortization | ¥3,791 million |
| Impairment loss | None recorded for the current period |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥13 million, Insurance surrender value ¥16 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥32 million |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 Number of companies 1 / Company name TOCALO USA-Arizona LLC / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Securities analysts and institutional investors |
| Issued Shares at Period-End | 61,200,000 Shares |
| Treasury Shares at Period-End | 1,731,302 Shares |
| Factors Behind Changes in Business Performance | Strong performance in the semiconductor sector, driven by expanding demand for generative AI and data centers; solid performance in the industrial machinery, energy and environmental sectors; expanded sales of high-value-added products; and improved production efficiency. Profit was also affected by higher depreciation and amortization expenses and surging raw material and energy prices. |
Items this document does not state (2)
Revision to Earnings ForecastRegional sales
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 semiconductor sector performed well against a backdrop of expanding demand for generative AI and data centers, while the industrial machinery, energy and environmental sectors also remained solid. Although profit was affected by higher depreciation and amortization expenses and surging raw material and energy prices, profit increased as a result of expanded sales of high-value-added products and improved production efficiency.
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.