Worth reading
89Important
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
684
Millions of yen (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFirst quarter of the fiscal year ending March 202714 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥11,944 million+6.1%
Operating profit¥883 million+76.8%
Ordinary income¥907 million+28.2%
Net income¥597 million +34.9%profit attributable to owners of the parent
Results for the three months of the current quarterRevenue: ¥11,944 million; operating profit: ¥883 million; ordinary profit: ¥907 million; quarterly net income attributable to owners of the parent: ¥597 million
Full-year earnings forecast
Net Sales
¥47,000 million
Operating profit
¥1,940 million
Ordinary income
¥2,060 million
Profit attributable to owners of the parent
¥1,670 million
Earnings per share
¥79.45
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 Sales25.4%
Operating profit45.5%
Ordinary income44.0%
Profit attributable to owners of the parent35.8%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress is slightly ahead of expectations. At this point, performance is expected to remain broadly in line with the plan.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit
FY2026 Q1 operating profit499
Packaging Materials revenue464
Packaging Materials cost of sales (variable costs)-24
Packaging Systems revenue227
Packaging Systems cost of sales (variable costs)-185
Cost of sales (fixed costs)-104
Selling, general and administrative expenses and other items6
FY2027 Q1 operating profit883
Full-year earnings forecast
Factors behind the increaseSelling-price revisions in the domestic Printed Packaging Materials Business, operation of a new overseas plant and other measures, and lower manufacturing costs resulting from improved productivity
Factors reducing profitHigher raw-material prices and other costs, higher fixed costs due to base-pay increases and inflation, and higher depreciation expenses for the new overseas plant
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The impact of soaring raw-material prices is expected from the second half onward. Numerical assumptions for exchange rates and other factors: Not disclosedNew initiatives
- Absorption merger of the wholly owned subsidiary 株式会社ニッポー, scheduled for 1 July 2027
- Establishment of a framework for share buybacks
- Change to a dividend policy targeting progressive dividends and a DOE of 2.4%
- Expansion of growth areas, including packaging systems, labels and overseas operations
Key KPIsA metric the company considers important as a management benchmark.
- Domestic share of printed packaging materials for the pharmaceutical market38.1 %
- Domestic share of printed packaging materials for the cosmetics market27.5 %
- Number of domestic sales locations20 Location
- Number of domestic manufacturing locations5 Location
- Top customer sales ratio3 Approximately %
Segment results
Printed packaging materials business
Net Sales
¥10,565 million+4.6%
Segment profit
¥2,683 million+14.3%
Domestic revenue
¥9,764 million+3.0%
Overseas revenue
¥800 million+29.7%
Packaging systems sales business
Net Sales
¥1,256 million+22.1%
Segment profit
¥194 million+27.3%
Staffing Business
Net Sales
¥123 million-6.0%
Segment profit
¥36 million+7.5%
Medium-term management plan targets
Plan nameMedium-Term Management Plan 2030
Target fiscal yearFiscal year ending March 2031
ROE8% or higher
Operating profit margin8%
Total asset turnover0.75x
Financial targets
ROEFY ending March 2031: at least 8%
Operating profit marginFiscal year ending March 2031: 8%
Total asset turnoverFiscal year ending March 2031: 0.75x
Equity ratioActual: 51.1% (first quarter of the fiscal year ending March 2027)
Market Size / Share
Domestic share of printed packaging materials for the pharmaceutical market38.1% (company research, No. 1)
Domestic share of printed packaging materials for the cosmetics market27.5% (company research, No. 1)
Orders received and order backlog
The order environment is described as firm, but the amounts are Not disclosedNumber of stores and locations
20 domestic sales locations and 5 domestic manufacturing locations. Openings and closures during the period: Not disclosedNumber of employees
1,760 people as of March 2026
Annual Dividend
Annual dividend per share¥38
Interim¥18
End of period¥20
Acquisition of treasury shares
Total acquisition price¥500 million (maximum)
Number of shares acquired580,000 shares (maximum)
Acquisition period22 July 2026–31 March 2027
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥11,944 million (YoY +6.1%) |
| Operating profit | ¥883 million (YoY +76.8%) |
| Ordinary income | ¥907 million (YoY +28.2%) |
| Net income | ¥597 million (profit attributable to owners of the parent) (YoY +34.9%) |
| Results for the three months of the current quarter | Revenue: ¥11,944 million; operating profit: ¥883 million; ordinary profit: ¥907 million; quarterly net income attributable to owners of the parent: ¥597 million |
| Full-year earnings forecast | Net Sales ¥47,000 million / Operating profit ¥1,940 million / Ordinary income ¥2,060 million / Profit attributable to owners of the parent ¥1,670 million / Earnings per share ¥79.45 |
| Progress against full-year forecast | Net Sales 25.4% / Operating profit 45.5% / Ordinary income 44.0% / Profit attributable to owners of the parent 35.8% |
| Self-assessment against the plan | Progress is slightly ahead of expectations. At this point, performance is expected to remain broadly in line with the plan. |
| Segment results | Printed packaging materials business Net Sales ¥10,565 million (YoY +4.6%) / Segment profit ¥2,683 million (YoY +14.3%) / Domestic revenue ¥9,764 million (YoY +3.0%) / Overseas revenue ¥800 million (YoY +29.7%) / Packaging systems sales business Net Sales ¥1,256 million (YoY +22.1%) / Segment profit ¥194 million (YoY +27.3%) / Staffing Business Net Sales ¥123 million (YoY -6.0%) / Segment profit ¥36 million (YoY +7.5%) |
| Breakdown of Factors Affecting the Change | Change in operating profit FY2026 Q1 operating profit 499 / Packaging Materials revenue 464 / Packaging Materials cost of sales (variable costs) -24 / Packaging Systems revenue 227 / Packaging Systems cost of sales (variable costs) -185 / Cost of sales (fixed costs) -104 / Selling, general and administrative expenses and other items 6 / FY2027 Q1 operating profit 883 / Full-year earnings forecast Factors behind the increase Selling-price revisions in the domestic Printed Packaging Materials Business, operation of a new overseas plant and other measures, and lower manufacturing costs resulting from improved productivity / Factors reducing profit Higher raw-material prices and other costs, higher fixed costs due to base-pay increases and inflation, and higher depreciation expenses for the new overseas plant |
| Key KPIs | Indicator name Domestic share of printed packaging materials for the pharmaceutical market / Value 38.1 % / Year on year against the same period last year Not disclosed, Indicator name Domestic share of printed packaging materials for the cosmetics market / Value 27.5 % / Year on year against the same period last year Not disclosed, Indicator name Number of domestic sales locations / Value 20 Location / Year on year against the same period last year Not disclosed, Indicator name Number of domestic manufacturing locations / Value 5 Location / Year on year against the same period last year Not disclosed, Indicator name Top customer sales ratio / Value 3 Approximately % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | 20 domestic sales locations and 5 domestic manufacturing locations. Openings and closures during the period: Not disclosed |
| Number of employees | 1,760 people (as of March 2026) |
| Assumptions Underlying the Business Outlook | The impact of soaring raw-material prices is expected from the second half onward. Numerical assumptions for exchange rates and other factors: Not disclosed |
| Medium-term management plan targets | Plan name Medium-Term Management Plan 2030 / Target fiscal year Fiscal year ending March 2031 / ROE 8% or higher / Operating profit margin 8% / Total asset turnover 0.75x |
| Financial targets | ROE FY ending March 2031: at least 8% / Operating profit margin Fiscal year ending March 2031: 8% / Total asset turnover Fiscal year ending March 2031: 0.75x / Equity ratio Actual: 51.1% (first quarter of the fiscal year ending March 2027) |
| Annual Dividend | Annual dividend per share ¥38 / Interim ¥18 / End of period ¥20 |
| Acquisition of treasury shares | Total acquisition price ¥500 million (maximum) / Number of shares acquired 580,000 shares (maximum) / Acquisition period 22 July 2026–31 March 2027 |
| Orders received and order backlog | The order environment is described as firm, but the amounts are Not disclosed |
| Market Size / Share | Domestic share of printed packaging materials for the pharmaceutical market 38.1% (company research, No. 1) / Domestic share of printed packaging materials for the cosmetics market 27.5% (company research, No. 1) |
| New initiatives | Absorption merger of the wholly owned subsidiary 株式会社ニッポー, scheduled for 1 July 2027, Establishment of a framework for share buybacks, Change to a dividend policy targeting progressive dividends and a DOE of 2.4%, Expansion of growth areas, including packaging systems, labels and overseas operations |
Items this document does not state (8)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesUnit price and quantity metricsRisk amount incorporated into the outlookPayout ratioCapital expendituresKey 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.In the Printed Packaging Materials Business, higher revenue was supported by the rollout of domestic selling-price revisions and a recovery in orders for pharmaceutical products overseas. In the Packaging Systems Sales Business, acceptance of large-scale projects progressed during the first quarter. Operating profit increased despite higher costs resulting from rising raw-material prices and labor costs, owing to higher sales in both businesses and improved profitability in the Printed Packaging Materials Business.
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.