Worth reading
44Recurring
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
20.8
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedIFRSNet Sales490,278¥ millionYear on year +20.8%Progress 25.5%
Operating profit70,948¥ millionYear on year +42.7%Progress 25.1%
Ordinary income67,869¥ millionYear on year +46.0%Progress 24.8%
Net income attributable to owners of the parent51,524¥ millionYear on year +44.3%Progress 26.0%
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¥22.18
Financial position at period-end
Total assets4,140,764¥ million
of which net assets 1,922,409 ¥ millionEquity ratio 45.9%vs. prior year-end +1.0pt
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+15,454
Investment-21,835
Financials-30,256
Net change-36,637
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¥396,553 million
Segment revenueJapan ¥52,443 million (YoY +8.4%), NIPSEA ¥250,139 million (YoY +12.7%), DuluxGroup ¥108,587 million (YoY +20.9%), Americas ¥30,563 million (YoY +5.7%), AOC ¥48,544 million (YoY +189.8%)
Segment profitJapan ¥6,044 million (YoY +36.7%), NIPSEA ¥41,838 million (YoY +20.3%), DuluxGroup ¥8,994 million (YoY +23.3%), Americas ¥1,129 million (YoY +5.3%), AOC ¥14,341 million (YoY +236.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,920,000 million (YoY +8.2%)
Operating profit¥283,000 million (YoY +10.1%)
Ordinary income¥274,000 million (YoY +9.4%)
Net income¥198,000 million (YoY +10.1%)
Revision to Earnings ForecastNo
Annual Dividend Forecast¥16 → ¥17（+6.3%）
Factors Behind Changes in Business Performance
AOC's contribution to results, foreign exchange effects and higher sales volumes, among other factors.
Disclosure regarding the going concern assumption
No applicable matters ("There are no applicable matters")
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 Yes (retrospective restatement of the figures for the first quarter of the previous fiscal year following the finalization of provisional accounting treatment for the business combination)
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name Not disclosed
Material subsequent eventsNo applicable matters.
Depreciation and amortization¥21,389 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingHeld (対象者：Not disclosed)
Issued Shares at Period-End2,370,512,215 shares
Treasury Shares at Period-End51,053,627 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥490,278 million (YoY +20.8%) |
| Operating profit | ¥70,948 million (YoY +42.7%) |
| Ordinary income | ¥67,869 million (YoY +46.0%) |
| Profit attributable to owners of the parent | ¥51,524 million (YoY +44.3%) |
| Net income per share | ¥22.18 |
| Equity ratio | End of the current fiscal period 45.9 / End of previous period 44.9 |
| Total assets | ¥4,140,764 million |
| Net assets | ¥1,922,409 million |
| Cash flows from operating activities | ¥15,454 million |
| Cash flows from investing activities | ¥-21,835 million |
| Cash flows from financing activities | ¥-30,256 million |
| Cash and cash equivalents at end of period | ¥396,553 million |
| Full-year earnings forecast | Net Sales ¥1,920,000 million (YoY +8.2%) / Operating profit ¥283,000 million (YoY +10.1%) / Ordinary income ¥274,000 million (YoY +9.4%) / Net income ¥198,000 million (YoY +10.1%) |
| Revision to Earnings Forecast | No |
| Annual Dividend Forecast | ¥16 → ¥17（+6.3%） |
| Segment revenue | Japan ¥52,443 million (YoY +8.4%), NIPSEA ¥250,139 million (YoY +12.7%), DuluxGroup ¥108,587 million (YoY +20.9%), Americas ¥30,563 million (YoY +5.7%), AOC ¥48,544 million (YoY +189.8%) |
| Segment profit | Japan ¥6,044 million (YoY +36.7%), NIPSEA ¥41,838 million (YoY +20.3%), DuluxGroup ¥8,994 million (YoY +23.3%), Americas ¥1,129 million (YoY +5.3%), AOC ¥14,341 million (YoY +236.6%) |
| Depreciation and amortization | ¥21,389 million |
| Disclosure regarding the going concern assumption | No applicable matters ("There are no applicable matters") |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Yes (retrospective restatement of the figures for the first quarter of the previous fiscal year following the finalization of provisional accounting treatment for the business combination) |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Held (対象者：Not disclosed) |
| Issued Shares at Period-End | 2,370,512,215 shares |
| Treasury Shares at Period-End | 51,053,627 shares |
| Factors Behind Changes in Business Performance | AOC's contribution to results, foreign exchange effects and higher sales volumes, among other factors. |
Items this document does not state (7)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (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.Revenue and operating profit increased due to AOC's contribution, foreign exchange effects and higher sales volumes, among other factors.
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.