Komori
Results3437TOKUDEN CO.,LTD.Construction and Materials

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP)

For the interim period of the fiscal year ending March 2027, revenue increased 4.3% year on year and operating profit increased 39.6%, resulting in higher revenue and profit. The full-year earnings forecast and dividend forecast were revised, with the annual dividend forecast raised from the previous fiscal year's actual ¥101 to ¥105.

Worth reading
55In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
39.6
Year-on-year change in operating income (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales5,537Millions of yenYear on year +4.3%Progress 49.2%
Operating profit420Millions of yenYear on year +39.6%Progress 57.5%
Ordinary income430Millions of yenYear on year +36.9%Progress 57.4%
Net income attributable to owners of the parent294Millions of yenYear on year +31.6%

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¥186.16
Financial position at period-end
Total assets11,260Millions of yen
of which net assets 8,182 Millions of yenEquity ratio 72.2%vs. prior year-end +6.4pt

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+1,251,016
Investment-308,459
Financials-807,167
Net change+135,390

Stacked from zero: upward is an increase in cash, downward a decrease (in Thousands of yen).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 period2,261,959 Thousands of yen
Segment revenue
Construction work4,184,40075.6%+3.6%
Welding materials686,04312.4%+0.9%
Environmental Equipment355,7756.4%+52.9%
Other311,5335.6%-12.5%
Segment profit
Construction work691,72780.0%+15.6%
Welding materials91,46310.6%+15.4%
Environmental Equipment72,9528.4%+493.2%
Other8,4631.0%-65.6%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales11,245 Millions of yen (YoY +3.0%)
Operating profit730 Millions of yen (YoY +25.1%)
Ordinary income749 Millions of yen (YoY +24.6%)
Profit attributable to owners of the parent513 Millions of yen (YoY +12.4%)
Revision to Earnings ForecastNot disclosed → Net Sales 11,245 / Operating profit 730 / Ordinary income 749 / Profit attributable to owners of the parent 513
Annual Dividend Forecast101 Yen → 105 Yen(+4.0%)
Factors Behind Changes in Business Performance

Efforts to improve and upgrade the efficiency of operating activities and expand sales. In construction services, orders for top plate construction increased, while in environmental equipment, orders for billet cooling equipment for the automotive industry increased. On the other hand, orders for continuous-casting roll hardfacing work, testing and inspection equipment for the automotive industry, and parts for aluminum die-casting machines decreased.

Disclosure regarding the going concern assumption

Not applicable

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 consolidation0 new companies and 0 excluded companies (no material change in the scope of consolidation during the interim period)
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 264 Thousands of yen / Extraordinary loss Loss on disposal of fixed assets 0 Thousands of yen
Depreciation and amortization181,781 Thousands of yen
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (対象者: none applicable)
Issued Shares at Period-End1,602,000
Treasury Shares at Period-End17,657
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales5,537 Millions of yen (YoY +4.3%)
Operating profit420 Millions of yen (YoY +39.6%)
Ordinary income430 Millions of yen (YoY +36.9%)
Profit attributable to owners of the parent294 Millions of yen (YoY +31.6%)
Net income per share¥186.16
Equity ratioEnd of the current fiscal period 72.2 / End of previous period 65.8
Total assets11,260 Millions of yen
Net assets8,182 Millions of yen
Cash flows from operating activities1,251,016 Thousands of yen
Cash flows from investing activities-308,459 Thousands of yen
Cash flows from financing activities-807,167 Thousands of yen
Cash and cash equivalents at end of period2,261,959 Thousands of yen
Full-year earnings forecastNet Sales 11,245 Millions of yen (YoY +3.0%) / Operating profit 730 Millions of yen (YoY +25.1%) / Ordinary income 749 Millions of yen (YoY +24.6%) / Profit attributable to owners of the parent 513 Millions of yen (YoY +12.4%)
Revision to Earnings ForecastNot disclosed → Net Sales 11,245 / Operating profit 730 / Ordinary income 749 / Profit attributable to owners of the parent 513
Annual Dividend Forecast101 Yen → 105 Yen(+4.0%)
Segment revenueConstruction work 4,184,400 Thousands of yen (YoY +3.6%) / Welding materials 686,043 Thousands of yen (YoY +0.9%) / Environmental Equipment 355,775 Thousands of yen (YoY +52.9%) / Other 311,533 Thousands of yen (YoY -12.5%)
Segment profitConstruction work 691,727 Thousands of yen (YoY +15.6%) / Welding materials 91,463 Thousands of yen (YoY +15.4%) / Environmental Equipment 72,952 Thousands of yen (YoY +493.2%) / Other 8,463 Thousands of yen (YoY -65.6%)
Depreciation and amortization181,781 Thousands of yen
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 264 Thousands of yen / Extraordinary loss Loss on disposal of fixed assets 0 Thousands of yen
Disclosure regarding the going concern assumptionNot applicable
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 consolidation0 new companies and 0 excluded companies (no material change in the scope of consolidation during the interim period)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo (対象者: none applicable)
Issued Shares at Period-End1,602,000
Treasury Shares at Period-End17,657
Factors Behind Changes in Business PerformanceEfforts to improve and upgrade the efficiency of operating activities and expand sales. In construction services, orders for top plate construction increased, while in environmental equipment, orders for billet cooling equipment for the automotive industry increased. On the other hand, orders for continuous-casting roll hardfacing work, testing and inspection equipment for the automotive industry, and parts for aluminum die-casting machines decreased.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial 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.

We pursued efforts to improve and upgrade the efficiency of operating activities and expand sales. In construction services, orders for top plate construction increased, while in environmental equipment, orders for billet cooling equipment for the automotive industry increased. On the other hand, orders decreased for continuous-casting roll hardfacing work, testing and inspection equipment for the automotive industry, and parts for aluminum die-casting machines.

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Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 (Japanese GAAP) | TOKUDEN CO.,LTD. (3437) timely disclosure | Komori