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
194
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsFiscal year ending September 202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,372 million+16.5%
Operating profit¥209 million+50.3%
Ordinary income¥209 million+51.1%
Net income¥181 million
Gross Profit Margin47.8%
Operating profit margin15.2%
Selling, general and administrative expenses¥446 million
Results for the three months of the current quarterFirst quarter of the fiscal year ended September 2026: revenue ¥302 million, operating profit ¥50 million; second quarter: revenue ¥425 million, operating profit ¥100 million; third quarter: revenue ¥349 million, operating profit ¥83 million; fourth quarter: revenue ¥296 million, operating loss ¥24 million
Full-year earnings forecast
Net Sales
¥1,470 million
Operating profit
¥210 million
Revenue from the contract distillation business
¥1,080 million
Plant Business revenue
¥390 million
Profit attributable to owners of the parent
¥145 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Results exceeded both the initial and revised forecastsBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Revenue growth in the Plant Business217
Revenue decline in the contract distillation business-22
Assets
Cash and deposits-198
Electronic Receivables-21
Liabilities
Customer Advances95
Income taxes payable31
Net assets
Retained earnings from the acquisition of treasury shares-380
Operating profit-related items
Increase in cost of sales109
Higher SG&A Expenses14
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
The plant business is expected to build on projects already received. Demand for research and development support in the fine chemicals field is assumed to remain firm. Contract processing revenue is expected to decline in line with the product cycle, including the completion of project-based work. Numerical assumptions for foreign exchange rates, raw material prices and interest rates: Not disclosedNew initiatives
- Initiation of development of water recycling equipment
- Focus on niche, compact equipment, including unit-type distillation equipment, solvent recycling equipment, and all-in/container-in wastewater treatment equipment
- Introduction of a Shareholder Benefits Program
Key KPIsA metric the company considers important as a management benchmark.
- Number of units delivered in the plant business1 distillation unit, 8 wastewater treatment units and 1 other unit
- Equity ratio79.5 %Year on year against the same period last year-9.2%
- Cash flows from operating activities¥367 millionYear on year against the same period last year+77.7%
- Free cash flow¥320 millionYear on year against the same period last year+117.7%
Segment results
Contract Distillation Business
Net Sales¥1,075 million
Year on year against the same period last year-2.1%
Plant Business
Net Sales¥296 million
Year on year against the same period last year+274.8%
Contract distillation business / R&D support
Net Sales¥411 million
Year on year against the same period last year+27.6%
Contract distillation business / contract processing
Net Sales¥664 million
Year on year against the same period last year-14.4%
Medium-term management plan targets
Net Sales
¥1,300 million
Operating profit
¥240 million
Comparison with actual resultsInitial forecast for the fiscal year ending September 2027: revenue ¥1,470 million and operating profit ¥210 million
Capital expenditures
¥47 million
Annual Dividend
Fiscal year ended September 2025¥36 per share
Fiscal year ending September 2026¥62 per share
Initial forecast for the fiscal year ending September 2027¥78 per share
Breakdown for the fiscal year ending September 2026
Interim23
End of period39
Breakdown for the fiscal year ending September 2027
Interim39
End of period39
Payout ratio
30.5 %
Acquisition of treasury shares
Acquisition cost¥461 million
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Fiscal year ending September 2026 |
| Net Sales | ¥1,372 million (YoY +16.5%) |
| Operating profit | ¥209 million (YoY +50.3%) |
| Ordinary income | ¥209 million (YoY +51.1%) |
| Net income | ¥181 million |
| Gross Profit Margin | 47.8% |
| Operating profit margin | 15.2% |
| Selling, general and administrative expenses | ¥446 million |
| Results for the three months of the current quarter | First quarter of the fiscal year ended September 2026: revenue ¥302 million, operating profit ¥50 million; second quarter: revenue ¥425 million, operating profit ¥100 million; third quarter: revenue ¥349 million, operating profit ¥83 million; fourth quarter: revenue ¥296 million, operating loss ¥24 million |
| Full-year earnings forecast | Net Sales ¥1,470 million / Operating profit ¥210 million / Revenue from the contract distillation business ¥1,080 million / Plant Business revenue ¥390 million / Profit attributable to owners of the parent ¥145 million |
| Self-assessment against the plan | Results exceeded both the initial and revised forecasts |
| Segment results | Contract Distillation Business Net Sales ¥1,075 million / yoy_pct ¥-2.1 million / Plant Business Net Sales ¥296 million / yoy_pct ¥274.8 million / Contract distillation business / R&D support Net Sales ¥411 million / yoy_pct ¥27.6 million / Contract distillation business / contract processing Net Sales ¥664 million / yoy_pct ¥-14.4 million |
| Breakdown of Factors Affecting the Change | Net Sales Revenue growth in the Plant Business 217 / Revenue decline in the contract distillation business -22 / Assets Cash and deposits -198 / Electronic Receivables -21 / Liabilities Customer Advances 95 / Income taxes payable 31 / Net assets Retained earnings from the acquisition of treasury shares -380 / Operating profit-related items Increase in cost of sales 109 / Higher SG&A Expenses 14 |
| Key KPIs | Indicator name Number of units delivered in the plant business / Value 1 distillation unit, 8 wastewater treatment units and 1 other unit / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 79.5 % / Year on year against the same period last year -9.2 %, Indicator name Cash flows from operating activities / Value ¥367 million / Year on year against the same period last year ¥77.7 million, Indicator name Free cash flow / Value ¥320 million / Year on year against the same period last year ¥117.7 million |
| Assumptions Underlying the Business Outlook | The plant business is expected to build on projects already received. Demand for research and development support in the fine chemicals field is assumed to remain firm. Contract processing revenue is expected to decline in line with the product cycle, including the completion of project-based work. Numerical assumptions for foreign exchange rates, raw material prices and interest rates: Not disclosed |
| Medium-term management plan targets | Target fiscal year Not disclosed / Net Sales ¥1,300 million / Operating profit ¥240 million / Comparison with actual results Initial forecast for the fiscal year ending September 2027: revenue ¥1,470 million and operating profit ¥210 million |
| Annual Dividend | Fiscal year ended September 2025 ¥36 per share / Fiscal year ending September 2026 ¥62 per share / Initial forecast for the fiscal year ending September 2027 ¥78 per share / Breakdown for the fiscal year ending September 2026 Interim 23 / End of period 39 / Breakdown for the fiscal year ending September 2027 Interim 39 / End of period 39 |
| Payout ratio | 30.5 % |
| Acquisition of treasury shares | Acquisition cost ¥461 million / Number of shares to be acquired Not disclosed / Period Not disclosed |
| Capital expenditures | ¥47 million |
| New initiatives | Initiation of development of water recycling equipment, Focus on niche, compact equipment, including unit-type distillation equipment, solvent recycling equipment, and all-in/container-in wastewater treatment equipment, Introduction of a Shareholder Benefits Program |
Items this document does not state (9)
Progress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsOrders received and order backlogMarket Size / ShareKey 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.For the fiscal year ended September 2026, the main driver of revenue growth was the completion of deliveries of 1 distillation unit, 8 wastewater treatment units and 1 other unit in the plant business. In the contract distillation business, research and development support revenue increased due to growth in resource- and energy-related projects, while contract processing revenue declined because business with major customers was sluggish. For the fiscal year ending September 2027, continued growth in the plant business is expected, while gross profit is expected to decline due to changes in the project mix in the contract distillation business, and the profit margin is expected to fall as the plant business ratio rises.
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.