Worth reading
74In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
490
¥ million (full-year operating profit forecast revision)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 202711 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,119 million+13.8%
Operating profit¥1,303 million-14.1%
Ordinary income¥1,727 million-0.4%
Net income¥1,195 million -4.6%interim profit attributable to owners of the parent
Operating profit margin8.6 %
Full-year earnings forecast
Net Sales
¥29,830 million
Operating profit
¥1,800 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Full-year results are also expected to exceed the previously announced forecasts.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Changes in sales volume-2.4
Profit Improvement-2.2
Change in Fixed Costs and SG&A Expenses-5.2
Inventory effects, etc.2.7
Contract Services, etc.0.6
Chemicals and Building Materials2.8
Operating Profit vs. Previous Forecast
Changes in sales volume0.1
Profit Improvement1.3
Change in Fixed Costs and SG&A Expenses0.6
Inventory effects, etc.2.9
Contract Services, etc.-1.6
Chemicals and Building Materials1.7
New initiatives
- The Iwaki Technology Center will begin operations in April 2026, and demonstration of EV battery recycling technology will begin.
- The original TM5N product for eave-free homes will be launched in October 2026.
- A medium-term plan centered on the circular economy, overseas expansion, and next-generation product development as growth engines
Key KPIsA metric the company considers important as a management benchmark.
- DOE4.2 %
- Percentage of Homes with Eaves Projecting 200 mm or Less24.7 %
Segment results
Pharmaceuticals business
Net Sales
¥13,005 million+13.9%
Segment profit
¥1,445 million-17.2%
Building Materials Business
Net Sales
¥2,113 million+13.2%
Segment profit
¥402 million+46.2%
Medium-term management plan targets
Target fiscal year2028
DetailsDeveloping the next generation of core earnings streams through three growth engines
Market Size / Share
Percentage of Homes with Eaves Projecting 200 mm or Less24.7 %
Capital expenditures
¥31 billion estimated investment in the Iwaki Technology Center
Annual Dividend
Annual dividend per share¥90
Payout ratio
DOE of 4% as a guidelineAcquisition of treasury shares
A graph of results for prior fiscal years is included, but the acquisition limit for this transaction is Not disclosed.| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Net Sales | ¥15,119 million (YoY +13.8%) |
| Operating profit | ¥1,303 million (YoY -14.1%) |
| Ordinary income | ¥1,727 million (YoY -0.4%) |
| Net income | ¥1,195 million (interim profit attributable to owners of the parent) (YoY -4.6%) |
| Operating profit margin | 8.6 % |
| Full-year earnings forecast | Net Sales ¥29,830 million / Operating profit ¥1,800 million |
| Self-assessment against the plan | Full-year results are also expected to exceed the previously announced forecasts. |
| Segment results | Pharmaceuticals business Net Sales ¥13,005 million (YoY +13.9%) / Segment profit ¥1,445 million (YoY -17.2%) / Building Materials Business Net Sales ¥2,113 million (YoY +13.2%) / Segment profit ¥402 million (YoY +46.2%) |
| Breakdown of Factors Affecting the Change | Year-on-year operating profit Changes in sales volume -2.4 / Profit Improvement -2.2 / Change in Fixed Costs and SG&A Expenses -5.2 / Inventory effects, etc. 2.7 / Contract Services, etc. 0.6 / Chemicals and Building Materials 2.8 / Operating Profit vs. Previous Forecast Changes in sales volume 0.1 / Profit Improvement 1.3 / Change in Fixed Costs and SG&A Expenses 0.6 / Inventory effects, etc. 2.9 / Contract Services, etc. -1.6 / Chemicals and Building Materials 1.7 |
| Key KPIs | Indicator name DOE / Value 4.2 % / Year on year against the same period last year Not disclosed, Indicator name Percentage of Homes with Eaves Projecting 200 mm or Less / Value 24.7 % / Year on year against the same period last year Not disclosed |
| Medium-term management plan targets | Target fiscal year 2028 / Details Developing the next generation of core earnings streams through three growth engines |
| Annual Dividend | Annual dividend per share ¥90 / Interim and Year-End Breakdown Not disclosed |
| Payout ratio | DOE of 4% as a guideline |
| Acquisition of treasury shares | A graph of results for prior fiscal years is included, but the acquisition limit for this transaction is Not disclosed. |
| Capital expenditures | ¥31 billion (estimated investment in the Iwaki Technology Center) |
| Market Size / Share | Percentage of Homes with Eaves Projecting 200 mm or Less 24.7 % |
| New initiatives | The Iwaki Technology Center will begin operations in April 2026, and demonstration of EV battery recycling technology will begin., The original TM5N product for eave-free homes will be launched in October 2026., A medium-term plan centered on the circular economy, overseas expansion, and next-generation product development as growth engines |
Items this document does not state (12)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookFinancial targetsOrders 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.Demand for AI-related products for the electronics industry increased, higher non-ferrous metal prices contributed to sales, and demand in both the chemicals and building materials divisions is expected to remain resilient. The decline in first-half operating income was attributed to the end of contract manufacturing for battery cathode materials, higher research and development expenses, and upfront costs such as depreciation.
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.