Worth reading
48Recurring
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
168.6
%Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales36,542¥ millionYear on year +4.4%Progress 43.5%
Operating profit1,725¥ millionYear on year +0.1%Progress 27.4%
Ordinary income2,050¥ millionYear on year +2.8%Progress 31.5%
Net income attributable to owners of the parent3,003¥ millionYear on year +168.6%Progress 55.6%
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 share100.24
Financial position at period-end
Total assets138,324¥ million
of which net assets 101,569 ¥ millionEquity ratio 72.1%vs. prior year-end +2.5pt
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+3,657
Investment+2,300
Financials-5,208
Net change+749
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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 period¥16,113 million
Segment revenuePublic sector ¥18,078 million (YoY +3.1%), Private sector ¥18,463 million (YoY +5.8%)
Segment profitPublic sector ¥121 million (YoY -60.8%), Private sector ¥2,020 million (YoY +9.7%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥84,000 million (YoY +7.5%)
Operating profit¥6,300 million (YoY +10.8%)
Ordinary income¥6,500 million (YoY +3.8%)
Net income¥5,400 million (YoY +35.8%)
Annual Dividend Forecast72 Yen → 100 Yen
Shareholder Return PolicyThe basic policy is to pay progressive dividends through the fiscal year ending March 2030, with the aim of maintaining a consolidated dividend payout ratio of at least 40%.
Factors Behind Changes in Business Performance
Despite the impact of higher raw material prices and adverse weather conditions, sales increased due to front-loaded demand and expanded sales of temporary traffic safety products in Europe. Interim net income attributable to owners of the parent increased due in part to the recording of a gain on the sale of investment securities.
Disclosure regarding the going concern assumption
Not applicable
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
Material subsequent eventsOn 6 October 2026, the Company acquired all shares of Hi-Q Co., Ltd. and made it a subsidiary. HIQ VINA Co., Ltd., held by Hi-Q, also became a consolidated subsidiary. The acquisition consideration was ¥6,763 million. The amounts of acquisition-related costs, goodwill, and the acquired assets and liabilities have not yet been determined.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥2,760 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥67 million
Depreciation and amortization¥1,379 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and securities analysts)
Issued Shares at Period-End30,813,598
Treasury Shares at Period-End883,398
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 September 2026 |
| Net Sales | ¥36,542 million (YoY +4.4%) |
| Operating profit | ¥1,725 million (YoY +0.1%) |
| Ordinary income | ¥2,050 million (YoY +2.8%) |
| Profit attributable to owners of the parent | ¥3,003 million (YoY +168.6%) |
| Net income per share | 100.24 |
| Equity ratio | End of the current fiscal period 72.1 / End of previous period 69.6 |
| Total assets | ¥138,324 million |
| Net assets | ¥101,569 million |
| Cash flows from operating activities | ¥3,657 million |
| Cash flows from investing activities | ¥2,300 million |
| Cash flows from financing activities | ¥-5,208 million |
| Cash and cash equivalents at end of period | ¥16,113 million |
| Full-year earnings forecast | Net Sales ¥84,000 million (YoY +7.5%) / Operating profit ¥6,300 million (YoY +10.8%) / Ordinary income ¥6,500 million (YoY +3.8%) / Net income ¥5,400 million (YoY +35.8%) |
| Annual Dividend Forecast | 72 Yen → 100 Yen |
| Shareholder Return Policy | The basic policy is to pay progressive dividends through the fiscal year ending March 2030, with the aim of maintaining a consolidated dividend payout ratio of at least 40%. |
| Segment revenue | Public sector ¥18,078 million (YoY +3.1%), Private sector ¥18,463 million (YoY +5.8%) |
| Segment profit | Public sector ¥121 million (YoY -60.8%), Private sector ¥2,020 million (YoY +9.7%) |
| Depreciation and amortization | ¥1,379 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥2,760 million / Extraordinary loss Loss on disposal and sale of non-current assets ¥67 million |
| Disclosure regarding the going concern assumption | Not applicable |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | On 6 October 2026, the Company acquired all shares of Hi-Q Co., Ltd. and made it a subsidiary. HIQ VINA Co., Ltd., held by Hi-Q, also became a consolidated subsidiary. The acquisition consideration was ¥6,763 million. The amounts of acquisition-related costs, goodwill, and the acquired assets and liabilities have not yet been determined. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and securities analysts) |
| Issued Shares at Period-End | 30,813,598 |
| Treasury Shares at Period-End | 883,398 |
| Factors Behind Changes in Business Performance | Despite the impact of higher raw material prices and adverse weather conditions, sales increased due to front-loaded demand and expanded sales of temporary traffic safety products in Europe. Interim net income attributable to owners of the parent increased due in part to the recording of a gain on the sale of investment securities. |
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioRegional salesOrders received and order backlogImpairment loss
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.Despite the impact of higher raw material prices and adverse weather conditions, sales increased due to front-loaded demand arising from uncertainty over the future raw material procurement environment and expanded sales of temporary traffic safety products in Europe. Interim net income increased due in part to the recording of a gain on the sale of investment securities.
How to read this page
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