Worth reading
39Recurring
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
28.6
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAPNet Sales43,755¥ millionYear on year +9.8%Progress 47.0%
Operating profit5,595¥ millionYear on year +28.6%Progress 46.6%
Ordinary income5,605¥ millionYear on year +26.1%Progress 45.6%
Net income attributable to owners of the parent3,935¥ millionYear on year +30.7%Progress 48.0%
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¥209.36
Financial position at period-end
Total assets116,538¥ million
of which net assets 86,303 ¥ millionEquity ratio 73.4%vs. prior year-end -1.1pt
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.
Segment revenuePiping Systems Business ¥28,046 million (YoY +15.4%), Resin Business ¥12,351 million (YoY +7.1%), Water Treatment and Resource Development Business ¥3,358 million (YoY -16.2%)
Segment profitPiping Systems Business ¥5,048 million (YoY +27.7%), Resin Business ¥635 million (YoY +41.6%), Water Treatment and Resource Development Business ¥-76 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥93,000 million (YoY +16.1%)
Operating profit¥12,000 million (YoY +58.3%)
Ordinary income¥12,300 million (YoY +54.6%)
Net income¥8,200 million (YoY +146.6%)
Revision to Earnings ForecastUnchanged (forecast announced on 28 September 2026) → Unchanged (forecast announced on 28 September 2026)（None）
Annual Dividend Forecast120 Yen → 180 Yen（+50.0%）
Factors Behind Changes in Business Performance
Demand in Japan to secure inventories against the backdrop of the situation in the Middle East, recovery in investment in semiconductor plant construction in the United States, growth in sales of core products, and price pass-through in response to rising raw material prices. In the Water Treatment and Resource Development businesses, revenue and profit declined due to fewer large-scale construction projects and delays in the commencement and progress of construction work.
Disclosure regarding the going concern assumption
None
Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name None
Impairment loss¥5 million, ¥1 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2 million, Gain on liquidation of a subsidiary ¥45 million / Extraordinary loss Impairment loss ¥5 million, Loss on disposal of fixed assets ¥21 million, Business Structure Improvement Costs ¥7 million, Liquidated damages for construction delays ¥17 million, Loss on construction compensation ¥12 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End19,800,400 shares
Treasury Shares at Period-End1,003,355 shares
| 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 | ¥43,755 million (YoY +9.8%) |
| Operating profit | ¥5,595 million (YoY +28.6%) |
| Ordinary income | ¥5,605 million (YoY +26.1%) |
| Profit attributable to owners of the parent | ¥3,935 million (YoY +30.7%) |
| Net income per share | ¥209.36 |
| Equity ratio | End of the current fiscal period 73.4 / End of previous period 74.5 |
| Total assets | ¥116,538 million |
| Net assets | ¥86,303 million |
| Full-year earnings forecast | Net Sales ¥93,000 million (YoY +16.1%) / Operating profit ¥12,000 million (YoY +58.3%) / Ordinary income ¥12,300 million (YoY +54.6%) / Net income ¥8,200 million (YoY +146.6%) |
| Revision to Earnings Forecast | Unchanged (forecast announced on 28 September 2026) → Unchanged (forecast announced on 28 September 2026)（None） |
| Annual Dividend Forecast | 120 Yen → 180 Yen（+50.0%） |
| Segment revenue | Piping Systems Business ¥28,046 million (YoY +15.4%), Resin Business ¥12,351 million (YoY +7.1%), Water Treatment and Resource Development Business ¥3,358 million (YoY -16.2%) |
| Segment profit | Piping Systems Business ¥5,048 million (YoY +27.7%), Resin Business ¥635 million (YoY +41.6%), Water Treatment and Resource Development Business ¥-76 million |
| Impairment loss | ¥5 million, ¥1 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥2 million, Gain on liquidation of a subsidiary ¥45 million / Extraordinary loss Impairment loss ¥5 million, Loss on disposal of fixed assets ¥21 million, Business Structure Improvement Costs ¥7 million, Liquidated damages for construction delays ¥17 million, Loss on construction compensation ¥12 million |
| Disclosure regarding the going concern assumption | None |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name None |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 19,800,400 shares |
| Treasury Shares at Period-End | 1,003,355 shares |
| Factors Behind Changes in Business Performance | Demand in Japan to secure inventories against the backdrop of the situation in the Middle East, recovery in investment in semiconductor plant construction in the United States, growth in sales of core products, and price pass-through in response to rising raw material prices. In the Water Treatment and Resource Development businesses, revenue and profit declined due to fewer large-scale construction projects and delays in the commencement and progress of construction work. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogDepreciation and amortizationMaterial 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.In Japan, demand to secure inventories temporarily increased against the backdrop of the situation in the Middle East. Overseas, sales of core products grew as investment in semiconductor plant construction in the United States recovered. In addition, the company advanced price pass-through measures in response to rising raw material prices.
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.