Komori
Earnings presentation3449TECHNOFLEX CORPORATIONConstruction and Materials

Supplementary Materials to Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026

For the interim period of the fiscal year ending December 2026, revenue, operating income and net income substantially exceeded the year-earlier period, driven by demand in areas including clean energy. Revenue, operating income and net income had all reached more than 100% of the revised full-year forecasts as of the interim period, following the revisions made on 15 July.

Worth reading
55In 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
1645
¥ million (year-on-year increase in consolidated operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings reportSecond quarter (interim period) of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,275 million+29.5%
Operating profit¥3,564 million+85.7%
Net income¥2,374 million +79.1%interim net income attributable to owners of the parent
Full-year earnings forecast
Consolidated revenue
¥32,000 million
Consolidated operating profit
¥6,000 million
Profit attributable to owners of the parent
¥4,100 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Revised forecast: consolidated revenue100.5%
Revised forecast: consolidated operating income101.8%
Revised forecast: net income attributable to owners of the parent101.1%
Initial forecast: consolidated revenue120.6%
Initial forecast: consolidated operating income209.7%
Initial forecast: net income attributable to owners of the parent206.5%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated revenue
Fittings segment¥4,747 million increase
Disaster Prevention and Construction segment¥1,090 million decrease
Fittings: clean energy-related¥3,316 million increase
Fittings: semiconductor manufacturer-related¥884 million increase
Disaster Prevention and Construction: semiconductor-related construction¥901 million decrease
Consolidated operating profit
Fittings segment¥1,730 million increase in operating income
Disaster Prevention and Construction segment¥153 million decrease in operating income
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Outlook based on the business environment, order trends and project status. Specific assumptions for exchange rates and other factors: Not disclosed.
New initiatives
  • Priority allocation of resources to low-temperature line products for semiconductor applications
  • Planned launch of new semiconductor-related products
  • Continued efforts to secure orders for hydrogen carrier vessel projects
  • Participation in SMR and advanced light-water reactor projects from the pilot design stage
  • Promotion of new product development in response to market needs
Key KPIsA metric the company considers important as a management benchmark.
  • Consolidated revenue ratio of growth-market businesses42%
    Year on year against the same period last year28% in 2025
  • Overseas clean energy-related revenue¥4,228 million
  • Increase in overseas revenue¥4,080 million
    Year on year against the same period last yearCompared with the cumulative second quarter of 2025
  • Increase in revenue from the United States¥1,662 million
    Year on year against the same period last year44.8% of the total increase
  • Increase in revenue from China¥902 million
    Year on year against the same period last year24.3% of the total increase
  • Increase in revenue from India¥449 million
    Year on year against the same period last year12.1% of the total increase
Segment results
Fittings Business
Net Sales
¥11,710 million
Year-on-year change in revenue¥4,747 million increase from the same period of 2025
Year-on-year operating profit growth¥1,730 million increase
Disaster Prevention and Construction Business
Net Sales
¥2,485 million
Year-on-year change in revenueDown 30.5% (¥1,090 million decrease)
Year-on-year operating profit growthDown 17.9%
Automotive and Robotics Business
Operating Margin6.3% for the cumulative second quarter of fiscal 2026
Nursing Care Business
Net SalesEssentially flat
Operating profitSlight improvement in profitability
Market Size / Share
  • Global semiconductor market¥145 trillion forecast for 2030
  • Global robot market45 US$ billion forecast for 2028
  • Nuclear power's share of the power mix20%target for 2040
  • Government target for domestic hydrogen and other resources introduced2,000 10,000 tonnes target for 2050
  • Rate of aging water supply pipelines23.6%as of 2022
Number of employees
Number of Employees1,296 people (total of the stated segment and overseas subsidiary headcounts, excluding the corporate-wide management headquarters)
As of the end of the periodAs of the end of 2025
Annual Dividend
64 Yen/share
Interim Dividend¥31 (ordinary dividend of ¥29 and special dividend of ¥2)
Year-end dividend forecast¥33
Payout ratio
Targeting an annual payout ratio of at least 40%
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending December 2026
Net Sales¥16,275 million (YoY +29.5%)
Operating profit¥3,564 million (YoY +85.7%)
Net income¥2,374 million (interim net income attributable to owners of the parent) (YoY +79.1%)
Full-year earnings forecastConsolidated revenue ¥32,000 million / Consolidated operating profit ¥6,000 million / Profit attributable to owners of the parent ¥4,100 million
Progress against full-year forecastRevised forecast: consolidated revenue 100.5% / Revised forecast: consolidated operating income 101.8% / Revised forecast: net income attributable to owners of the parent 101.1% / Initial forecast: consolidated revenue 120.6% / Initial forecast: consolidated operating income 209.7% / Initial forecast: net income attributable to owners of the parent 206.5%
Segment resultsFittings Business Net Sales ¥11,710 million / Year-on-year change in revenue ¥4,747 million increase from the same period of 2025 / Year-on-year operating profit growth ¥1,730 million increase / Disaster Prevention and Construction Business Net Sales ¥2,485 million / Year-on-year change in revenue Down 30.5% (¥1,090 million decrease) / Year-on-year operating profit growth Down 17.9% / Automotive and Robotics Business Net Sales Not disclosed / Operating profit Not disclosed / Operating Margin 6.3% for the cumulative second quarter of fiscal 2026 / Nursing Care Business Net Sales Essentially flat / Operating profit Slight improvement in profitability
Breakdown of Factors Affecting the ChangeConsolidated revenue Fittings segment ¥4,747 million increase / Disaster Prevention and Construction segment ¥1,090 million decrease / Fittings: clean energy-related ¥3,316 million increase / Fittings: semiconductor manufacturer-related ¥884 million increase / Disaster Prevention and Construction: semiconductor-related construction ¥901 million decrease / Consolidated operating profit Fittings segment ¥1,730 million increase in operating income / Disaster Prevention and Construction segment ¥153 million decrease in operating income
Key KPIsIndicator name Consolidated revenue ratio of growth-market businesses / Value 42% / Year on year against the same period last year 28% in 2025, Indicator name Overseas clean energy-related revenue / Value ¥4,228 million / Year on year against the same period last year Not disclosed, Indicator name Increase in overseas revenue / Value ¥4,080 million / Year on year against the same period last year Compared with the cumulative second quarter of 2025, Indicator name Increase in revenue from the United States / Value ¥1,662 million / Year on year against the same period last year 44.8% of the total increase, Indicator name Increase in revenue from China / Value ¥902 million / Year on year against the same period last year 24.3% of the total increase, Indicator name Increase in revenue from India / Value ¥449 million / Year on year against the same period last year 12.1% of the total increase
Number of employeesNumber of Employees 1,296 people (total of the stated segment and overseas subsidiary headcounts, excluding the corporate-wide management headquarters) / As of the end of the period As of the end of 2025
Assumptions Underlying the Business OutlookOutlook based on the business environment, order trends and project status. Specific assumptions for exchange rates and other factors: Not disclosed.
Annual Dividend64 Yen/share
Payout ratioTargeting an annual payout ratio of at least 40%
Market Size / ShareMarket Global semiconductor market / Value ¥145 trillion (forecast for 2030), Market Global robot market / Value 45 US$ billion (forecast for 2028), Market Nuclear power's share of the power mix / Value 20%, Market Government target for domestic hydrogen and other resources introduced / Value 2,000 10,000 tonnes (target for 2050), Market Rate of aging water supply pipelines / Value 23.6%
New initiativesPriority allocation of resources to low-temperature line products for semiconductor applications, Planned launch of new semiconductor-related products, Continued efforts to secure orders for hydrogen carrier vessel projects, Participation in SMR and advanced light-water reactor projects from the pilot design stage, Promotion of new product development in response to market needs
Items this document does not state (15)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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.

Growth in demand in growth markets, including clean energy and semiconductor manufacturers, contributed to the results. Higher revenue and income in the Fittings segment led the overall performance, while improvements in the product mix and profitability, price revisions, cost reductions, high-margin projects and the effects of cost controls were also cited. Meanwhile, the Disaster Prevention and Construction business experienced a decline following the previous year's semiconductor-related construction projects.

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.
Supplementary Materials to Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending December 2026 | TECHNOFLEX CORPORATION (3449) timely disclosure | Komori