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Results3954SHOWA PAXXS CORPORATIONMaterials and Chemicals

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

For the interim period of the fiscal year ending March 2027, sales of core products such as kraft paper bags remained firm, and net sales, operating profit and interim net income attributable to owners of the parent exceeded the year-earlier period. At the same time, the company disclosed an impairment loss of ¥45 million related to the rebuilding of its Tokyo Plant, and the possibility that ¥381.755 million in accounts receivable from a subsidiary may be uncollectible or delayed.

Worth reading
43Recurring
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
71.7
% (year-on-year change in operating profit)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales13,431Million yenYear on year +12.2%Progress 53.7%
Operating profit1,407Million yenYear on year +71.7%Progress 76.1%
Ordinary income1,551Million yenYear on year +66.6%Progress 72.1%
Net income attributable to owners of the parent1,057Million yenYear on year +62.4%Progress 78.3%

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¥240.82
Financial position at period-end
Total assets39,021Million yen
of which net assets 28,789 Million yenEquity ratio 73.0%vs. prior year-end +0.7pt

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+1,123
Investment-1,125
Financials-461
Net change-463

Stacked from zero: upward is an increase in cash, downward a decrease (in Million 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 period7,755 Million yen
Segment revenueHeavy-duty bags 8,675 Million yen (YoY +11.0%), Film Products 2,577 Million yen (YoY +25.8%), Containers 1,216 Million yen (YoY +15.0%), Real estate leasing 119 Million yen
Segment profitHeavy-duty bags ¥975,411 thousand, Film Products ¥370,032 thousand, Containers ¥42,782 thousand, Real estate leasing ¥71,418 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales25,000 Million yen (YoY +6.1%)
Operating profit1,850 Million yen (YoY +13.3%)
Ordinary income2,150 Million yen (YoY +15.1%)
Net income1,350 Million yen (YoY +5.2%)
Revision to Earnings ForecastNo change → No change(No change)
Annual Dividend Forecast50 Yen → 50 Yen(0.0%)
Factors Behind Changes in Business Performance

Sales volume of the company’s core kraft paper bags remained broadly firm, although performance varied by application and region. As demand brought forward due to heightened tensions in the Middle East is expected to produce a反動 from the third quarter onward, the company said it would work to increase sales volume, secure profitability and control various expenses.

Disclosure regarding the going concern assumption

None

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 consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Impairment loss¥45,048 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Loss ¥45,048 thousand, Loss on disposal of property, plant and equipment ¥12,569 thousand
Depreciation and amortization392 Million yen
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (attendees: Not disclosed)
Issued Shares at Period-End4,450,000 shares
Treasury Shares at Period-End60,025 treasury shares
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 Sales13,431 Million yen (YoY +12.2%)
Operating profit1,407 Million yen (YoY +71.7%)
Ordinary income1,551 Million yen (YoY +66.6%)
Profit attributable to owners of the parent1,057 Million yen (YoY +62.4%)
Net income per share¥240.82
Equity ratioEnd of the current fiscal period 73 / End of previous period 72.3
Total assets39,021 Million yen
Net assets28,789 Million yen
Cash flows from operating activities1,123 Million yen
Cash flows from investing activities-1,125 Million yen
Cash flows from financing activities-461 Million yen
Cash and cash equivalents at end of period7,755 Million yen
Full-year earnings forecastNet Sales 25,000 Million yen (YoY +6.1%) / Operating profit 1,850 Million yen (YoY +13.3%) / Ordinary income 2,150 Million yen (YoY +15.1%) / Net income 1,350 Million yen (YoY +5.2%)
Revision to Earnings ForecastNo change → No change(No change)
Annual Dividend Forecast50 Yen → 50 Yen(0.0%)
Segment revenueHeavy-duty bags 8,675 Million yen (YoY +11.0%), Film Products 2,577 Million yen (YoY +25.8%), Containers 1,216 Million yen (YoY +15.0%), Real estate leasing 119 Million yen
Segment profitHeavy-duty bags ¥975,411 thousand, Film Products ¥370,032 thousand, Containers ¥42,782 thousand, Real estate leasing ¥71,418 thousand
Depreciation and amortization392 Million yen
Impairment loss¥45,048 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Loss ¥45,048 thousand, Loss on disposal of property, plant and equipment ¥12,569 thousand
Disclosure regarding the going concern assumptionNone
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 consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (attendees: Not disclosed)
Issued Shares at Period-End4,450,000 shares
Treasury Shares at Period-End60,025 treasury shares
Factors Behind Changes in Business PerformanceSales volume of the company’s core kraft paper bags remained broadly firm, although performance varied by application and region. As demand brought forward due to heightened tensions in the Middle East is expected to produce a反動 from the third quarter onward, the company said it would work to increase sales volume, secure profitability and control various expenses.
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.

Sales volume of the company’s core kraft paper bags remained broadly firm, although performance varied by application and region. For the third quarter onward, the company said it would work to increase sales volume, secure profitability and control various expenses, while remaining concerned about a反動 in demand brought forward due to heightened tensions in the Middle East.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | SHOWA PAXXS CORPORATION (3954) timely disclosure | Komori