Worth reading
51Recurring
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
3.6
% (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 Sales10,915¥ millionYear on year +3.6%Progress 98.0%
Operating profit583¥ millionYear on year -8.2%Progress 131.0%
Ordinary income601¥ millionYear on year -6.9%Progress 129.5%
Net income attributable to owners of the parent457¥ millionYear on year -2.2%
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¥288.94
Operating MarginCurrent fiscal year 5.3% / Previous period 6.0%
Financial position at period-end
Total assets11,923¥ million
of which net assets 7,905 ¥ millionEquity ratio 65.8%vs. prior year-end +2.0pt
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+534
Investment-358
Financials+240
Net change+416
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¥2,128 million
Segment revenueConstruction business ¥8,133 million (YoY +1.9%), Welding materials business ¥1,380 million (YoY +4.5%), Environmental equipment business ¥671 million (YoY +15.2%), Other (outside reportable segments) ¥729 million (YoY +11.1%)
Segment profitConstruction business ¥1,136 million (YoY -4.1%), Welding materials business ¥141 million (YoY +5.9%), Environmental equipment business ¥107 million (YoY +90.6%), Other (outside reportable segments) ¥49 million (YoY +54.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥11,134 million (YoY +2.0%)
Operating profit¥445 million (YoY -23.7%)
Ordinary income¥464 million (YoY -22.8%)
Profit attributable to owners of the parent¥319 million (YoY -30.1%)
Annual Dividend Forecast¥101 per share → ¥102 per share（+1.0%）
Payout ratioFiscal year ending March 2026 35.0% / Forecast for the fiscal year ending March 2027 50.5%
Shareholder Return PolicyThe Company plans to pay dividends with a target DOE (dividend on equity ratio) of 2% of consolidated shareholders’ equity.
Factors Behind Changes in Business Performance
Revenue increased due to more efficient and sophisticated sales activities, proactive consultative sales, stronger sales of welding materials, and strengthened sales capabilities at overseas subsidiaries. Profit declined due to higher raw material prices resulting from increases in logistics, energy and labor costs.
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 Yes修正再表示 No
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name No applicable matters
Material subsequent eventsNo applicable matters.
Impairment lossNot applicable for the current fiscal year
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥208 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥935 thousand
Depreciation and amortization¥391 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End1,602,000
Treasury Shares at Period-End20,011
| 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 | ¥10,915 million (YoY +3.6%) |
| Operating profit | ¥583 million (YoY -8.2%) |
| Ordinary income | ¥601 million (YoY -6.9%) |
| Profit attributable to owners of the parent | ¥457 million (YoY -2.2%) |
| Net income per share | ¥288.94 |
| Operating Margin | Current fiscal year 5.3% / Previous period 6.0% |
| Equity ratio | End of the current fiscal period 65.8% / End of previous period 63.8% |
| Total assets | ¥11,923 million |
| Net assets | ¥7,905 million |
| Cash flows from operating activities | ¥534 million |
| Cash flows from investing activities | ¥-358 million |
| Cash flows from financing activities | ¥240 million |
| Cash and cash equivalents at end of period | ¥2,128 million |
| Full-year earnings forecast | Net Sales ¥11,134 million (YoY +2.0%) / Operating profit ¥445 million (YoY -23.7%) / Ordinary income ¥464 million (YoY -22.8%) / Profit attributable to owners of the parent ¥319 million (YoY -30.1%) |
| Annual Dividend Forecast | ¥101 per share → ¥102 per share（+1.0%） |
| Payout ratio | Fiscal year ending March 2026 35.0% / Forecast for the fiscal year ending March 2027 50.5% |
| Shareholder Return Policy | The Company plans to pay dividends with a target DOE (dividend on equity ratio) of 2% of consolidated shareholders’ equity. |
| Segment revenue | Construction business ¥8,133 million (YoY +1.9%), Welding materials business ¥1,380 million (YoY +4.5%), Environmental equipment business ¥671 million (YoY +15.2%), Other (outside reportable segments) ¥729 million (YoY +11.1%) |
| Segment profit | Construction business ¥1,136 million (YoY -4.1%), Welding materials business ¥141 million (YoY +5.9%), Environmental equipment business ¥107 million (YoY +90.6%), Other (outside reportable segments) ¥49 million (YoY +54.3%) |
| Depreciation and amortization | ¥391 million |
| Impairment loss | Not applicable for the current fiscal year |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥208 thousand / Extraordinary loss Loss on Disposal of Fixed Assets ¥935 thousand |
| 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 Yes / Restatement No |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name No applicable matters |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 1,602,000 |
| Treasury Shares at Period-End | 20,011 |
| Factors Behind Changes in Business Performance | Revenue increased due to more efficient and sophisticated sales activities, proactive consultative sales, stronger sales of welding materials, and strengthened sales capabilities at overseas subsidiaries. Profit declined due to higher raw material prices resulting from increases in logistics, energy and labor costs. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders 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.The increase in revenue was attributed to more efficient and sophisticated sales activities, proactive consultative sales, stronger sales of welding materials, and strengthened sales capabilities at overseas subsidiaries. The decline in profit was attributed to higher raw material prices resulting from increases in logistics, energy and labor costs.
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.