Worth reading
59In focus
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
1083
¥ million (year-on-year increase in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings summarySecond quarter (interim period) of the fiscal year ending March 202712 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥12,622 million+9.4%
Operating profit¥378 million-6.2%
Ordinary income¥491 million-4.6%
Net income¥292 million-0.1%
Operating profit margin3 %
Full-year earnings forecast
Net Sales
¥24,323 million
Operating profit
¥392 million
Ordinary income
¥602 million
Profit attributable to owners of the parent
¥416 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。
Net Sales51.9%
Operating profit96.6%
Ordinary income81.7%
Net income for the current fiscal year70.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
All levels of profit in the first half progressed steadily against the full-year earnings forecast.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Change in sales volume¥44 million
- Change in selling prices¥178 million
- Foreign exchange impact¥82 million
- Change in product revenue¥46 million
- Manufacturing costs¥-283 million
- Selling, general and administrative expenses¥-80 million
- Adjustments, etc.¥-11 million
New initiatives
- Expansion of the production lines and start-up of new equipment at the Ibaraki Pulp Mold Plant
- Continued implementation of price revisions
- Production efficiency improvements, cost reductions, and delivery efficiency improvements
- Expansion of sales to new and existing customers, mainly in Malaysia, Singapore, and Thailand
- Joint development of recycled liquid-container packaging with 東都成型 and フジモリ産業
Key KPIsA metric the company considers important as a management benchmark.
- Overseas sales ratio13.3 %
- Domestic market share of pulp-molded productsNo.1
- Domestic market share of polystyrene film for food traysTop-tier
- Equity ratio71.5 %
- Number of employees (consolidated)607 People
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Sales Volumes
- Selling price
Segment results
Cushioning materials business
Net Sales
¥5,907 million+4.5%
Segment profit
¥422 million-29.3%
Packaging functional materials business
Net Sales
¥6,573 million+16.5%
Segment profit
¥567 million+67.3%
Market Size / Share
Domestic market share of pulp-molded productsNo. 1 (fiscal 2025)
Domestic market share of polystyrene film for food traysTop-tier (fiscal 2025)
Number of stores and locations
Number at period-end13 domestic sales offices, 2 overseas sales offices, 6 domestic production sites, and 2 overseas production sites (fiscal year ending March 2026)
Number of employees
Number of Employees607 People
As ofEnd of September 2026
Capital expenditures
¥685 million first half of the fiscal year ending March 2027
Annual Dividend
Annual dividend per share¥52
Interim¥26
End of period¥26
Payout ratio
Not disclosed (with DOE of 2.0% or more as a guideline)| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings summary |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2027 |
| Net Sales | ¥12,622 million (YoY +9.4%) |
| Operating profit | ¥378 million (YoY -6.2%) |
| Ordinary income | ¥491 million (YoY -4.6%) |
| Net income | ¥292 million (YoY -0.1%) |
| Operating profit margin | 3 % |
| Full-year earnings forecast | Net Sales ¥24,323 million / Operating profit ¥392 million / Ordinary income ¥602 million / Profit attributable to owners of the parent ¥416 million |
| Progress against full-year forecast | Net Sales 51.9% / Operating profit 96.6% / Ordinary income 81.7% / Net income for the current fiscal year 70.2% |
| Self-assessment against the plan | All levels of profit in the first half progressed steadily against the full-year earnings forecast. |
| Segment results | Cushioning materials business Net Sales ¥5,907 million (YoY +4.5%) / Segment profit ¥422 million (YoY -29.3%) / Packaging functional materials business Net Sales ¥6,573 million (YoY +16.5%) / Segment profit ¥567 million (YoY +67.3%) |
| Breakdown of Factors Affecting the Change | Factors Change in sales volume / Amount ¥44 million, Factors Change in selling prices / Amount ¥178 million, Factors Foreign exchange impact / Amount ¥82 million, Factors Change in product revenue / Amount ¥46 million, Factors Manufacturing costs / Amount ¥-283 million, Factors Selling, general and administrative expenses / Amount ¥-80 million, Factors Adjustments, etc. / Amount ¥-11 million |
| Key KPIs | Indicator name Overseas sales ratio / Value 13.3 % / Year on year against the same period last year Not disclosed, Indicator name Domestic market share of pulp-molded products / Value No.1 / Year on year against the same period last year Not disclosed, Indicator name Domestic market share of polystyrene film for food trays / Value Top-tier / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 71.5 % / Year on year against the same period last year Not disclosed, Indicator name Number of employees (consolidated) / Value 607 People / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Sales Volumes, Selling price |
| Number of stores and locations | Number at period-end 13 domestic sales offices, 2 overseas sales offices, 6 domestic production sites, and 2 overseas production sites (fiscal year ending March 2026) / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees 607 People / As of End of September 2026 / Changes and hiring plans during the period Not disclosed |
| Annual Dividend | Annual dividend per share ¥52 / Interim ¥26 / End of period ¥26 |
| Payout ratio | Not disclosed (with DOE of 2.0% or more as a guideline) |
| Capital expenditures | ¥685 million (first half of the fiscal year ending March 2027) |
| Market Size / Share | Domestic market share of pulp-molded products No. 1 (fiscal 2025) / Domestic market share of polystyrene film for food trays Top-tier (fiscal 2025) |
| New initiatives | Expansion of the production lines and start-up of new equipment at the Ibaraki Pulp Mold Plant, Continued implementation of price revisions, Production efficiency improvements, cost reductions, and delivery efficiency improvements, Expansion of sales to new and existing customers, mainly in Malaysia, Singapore, and Thailand, Joint development of recycled liquid-container packaging with 東都成型 and フジモリ産業 |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAcquisition of treasury sharesOrders 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.Revenue increased due to the effects of revised selling prices in the domestic and overseas businesses, higher sales volumes, and foreign exchange effects. Operating profit and ordinary profit declined due to higher fixed costs, including personnel expenses and depreciation. The full-year forecast was maintained due to external environmental risks, including higher variable costs in the second half and an uncertain market environment.
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.