Komori
Earnings3891NIPPON KODOSHI CORPORATIONMaterials and Chemicals

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

In the first six months of the fiscal year ending March 2027, net sales and profits increased substantially due to higher demand related to AI servers and data centers and from overseas customers. The full-year earnings forecast and annual dividend forecast have also been revised, with full-year net sales forecast at ¥26.0 billion and the annual dividend forecast at ¥160.

Worth reading
53Recurring
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
114.4
% (year-on-year change in operating income)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales12,490¥ millionYear on year +33.6%Progress 48.0%
Operating profit3,826¥ millionYear on year +114.4%Progress 51.0%
Ordinary income3,806¥ millionYear on year +114.8%Progress 50.1%
Net income attributable to owners of the parent2,611¥ millionYear on year +110.1%Progress 47.5%

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¥247.63
Financial position at period-end
Total assets36,875¥ million
of which net assets 28,485 ¥ millionEquity ratio 77.2%vs. prior year-end +3.6pt

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.

Segment revenueSeparator Business ¥12,490 million (YoY +33.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥26,000 million (YoY +39.6%)
Operating profit¥7,500 million (YoY +112.3%)
Ordinary income¥7,600 million (YoY +105.0%)
Net income¥5,500 million (YoY +108.1%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥26,000 million / Operating profit Not disclosed → ¥7,500 million / Ordinary income Not disclosed → ¥7,600 million / Net income Not disclosed → ¥5,500 million
Annual Dividend Forecast¥90 → ¥160(+77.8%)
Factors Behind Changes in Business Performance

Demand for AI servers, data centers and related applications accompanying the growing adoption of generative AI technology, steady demand for automotive and industrial equipment, strong orders from overseas customers for separators for electric double-layer capacitors, and higher operating rates and improved production efficiency associated with increased net sales

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Breakdown of extraordinary income (loss)Not applicable
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End10,698,482
Treasury Shares at Period-End149,736
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥12,490 million (YoY +33.6%)
Operating profit¥3,826 million (YoY +114.4%)
Ordinary income¥3,806 million (YoY +114.8%)
Profit attributable to owners of the parent¥2,611 million (YoY +110.1%)
Net income per share¥247.63
Equity ratioEnd of the current fiscal period 77.2 / End of previous period 73.6
Total assets¥36,875 million
Net assets¥28,485 million
Full-year earnings forecastNet Sales ¥26,000 million (YoY +39.6%) / Operating profit ¥7,500 million (YoY +112.3%) / Ordinary income ¥7,600 million (YoY +105.0%) / Net income ¥5,500 million (YoY +108.1%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥26,000 million / Operating profit Not disclosed → ¥7,500 million / Ordinary income Not disclosed → ¥7,600 million / Net income Not disclosed → ¥5,500 million
Annual Dividend Forecast¥90 → ¥160(+77.8%)
Segment revenueSeparator Business ¥12,490 million (YoY +33.6%)
Breakdown of extraordinary income (loss)Not applicable
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End10,698,482
Treasury Shares at Period-End149,736
Factors Behind Changes in Business PerformanceDemand for AI servers, data centers and related applications accompanying the growing adoption of generative AI technology, steady demand for automotive and industrial equipment, strong orders from overseas customers for separators for electric double-layer capacitors, and higher operating rates and improved production efficiency associated with increased net sales
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment profitRegional salesOrders received and order backlogDepreciation and amortizationImpairment 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.

Demand in related markets remained strong against a backdrop of investment in digital infrastructure accompanying the growing adoption of generative AI technology, demand recovered in the industrial equipment sector as inventory adjustments progressed, and orders from overseas customers for separators for electric double-layer capacitors were strong. On the profit side, higher operating rates and improved production efficiency associated with increased net sales were cited.

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.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | NIPPON KODOSHI CORPORATION (3891) timely disclosure | Komori