Worth reading
54Recurring
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
26.4
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 Sales79,342¥ millionYear on year +15.8%Progress 49.6%
Operating profit11,437¥ millionYear on year +26.4%Progress 57.2%
Ordinary income12,023¥ millionYear on year +36.4%Progress 58.6%
Net income attributable to owners of the parent7,892¥ millionYear on year +33.5%Progress 60.7%
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¥159.03
Financial position at period-end
Total assets169,233¥ million
of which net assets 109,908 ¥ millionEquity ratio 61.0%vs. prior year-end +0.4pt
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+772
Investment-330
Financials-4,609
Net change-4,167
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¥34,929 million
Segment revenueJapan ¥27,096 million (YoY +21.5%), China ¥14,586 million (YoY +34.5%), South Korea ¥9,007 million (YoY -6.0%), Southeast Asia ¥12,469 million (YoY +34.9%), Europe and the United States ¥16,182 million (YoY -2.2%)
Segment profitJapan ¥3,990 million (YoY +111.1%), China ¥1,548 million (YoY -3.7%), South Korea ¥1,206 million (YoY -10.7%), Southeast Asia ¥3,300 million (YoY +77.2%), Europe and the United States ¥213 million (YoY -76.8%)
Regional sales¥27,096 million (YoY +21.5%), ¥14,586 million (YoY +34.5%), ¥9,007 million (YoY -6.0%), ¥12,469 million (YoY +34.9%), ¥16,182 million (YoY -2.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥160,000 million (YoY +14.8%)
Operating profit¥20,000 million (YoY +14.7%)
Ordinary income¥20,500 million (YoY +14.9%)
Net income¥13,000 million (YoY +18.2%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥160,000 million / Operating profit Not disclosed → ¥20,000 million / Ordinary income Not disclosed → ¥20,500 million / Net income Not disclosed → ¥13,000 million
Annual Dividend Forecast111 yen → 100 yen（-9.9%）
Factors Behind Changes in Business Performance
Revenue increased due to higher building volumes in China, increased shipments, adjustments to selling prices, expanded sales of high-value-added and environmentally friendly products, and a recovery in demand in the heavy-duty corrosion protection field. Profit improved due to adjustments to selling prices and the inclusion in cost of sales for the period of raw-material inventories procured before prices rose sharply, among other factors.
Disclosure regarding the going concern assumption
None. The filing states, “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 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 文正商事株式会社
Material subsequent eventsAt a meeting of the Board of Directors held on 31 July 2026, the company resolved to absorb and merge its wholly owned subsidiary 神戸ペイント株式会社, with 1 April 2027 as the effective date. The transaction is expected to be accounted for as a transaction under common control.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥12 million, Gain on sale of investment securities ¥526 million / Extraordinary loss Loss on sale of fixed assets ¥0 million
Depreciation and amortization¥1,006 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Analysts and institutional investors
Issued Shares at Period-End55,000,000
Treasury Shares at Period-End5,344,749
| 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 | ¥79,342 million (YoY +15.8%) |
| Operating profit | ¥11,437 million (YoY +26.4%) |
| Ordinary income | ¥12,023 million (YoY +36.4%) |
| Profit attributable to owners of the parent | ¥7,892 million (YoY +33.5%) |
| Net income per share | ¥159.03 |
| Equity ratio | End of the current fiscal period 61 / End of previous period 60.6 |
| Total assets | ¥169,233 million |
| Net assets | ¥109,908 million |
| Cash flows from operating activities | ¥772 million |
| Cash flows from investing activities | ¥-330 million |
| Cash flows from financing activities | ¥-4,609 million |
| Cash and cash equivalents at end of period | ¥34,929 million |
| Full-year earnings forecast | Net Sales ¥160,000 million (YoY +14.8%) / Operating profit ¥20,000 million (YoY +14.7%) / Ordinary income ¥20,500 million (YoY +14.9%) / Net income ¥13,000 million (YoY +18.2%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥160,000 million / Operating profit Not disclosed → ¥20,000 million / Ordinary income Not disclosed → ¥20,500 million / Net income Not disclosed → ¥13,000 million |
| Annual Dividend Forecast | 111 yen → 100 yen（-9.9%） |
| Segment revenue | Japan ¥27,096 million (YoY +21.5%), China ¥14,586 million (YoY +34.5%), South Korea ¥9,007 million (YoY -6.0%), Southeast Asia ¥12,469 million (YoY +34.9%), Europe and the United States ¥16,182 million (YoY -2.2%) |
| Segment profit | Japan ¥3,990 million (YoY +111.1%), China ¥1,548 million (YoY -3.7%), South Korea ¥1,206 million (YoY -10.7%), Southeast Asia ¥3,300 million (YoY +77.2%), Europe and the United States ¥213 million (YoY -76.8%) |
| Regional sales | ¥27,096 million (YoY +21.5%), ¥14,586 million (YoY +34.5%), ¥9,007 million (YoY -6.0%), ¥12,469 million (YoY +34.9%), ¥16,182 million (YoY -2.2%) |
| Depreciation and amortization | ¥1,006 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥12 million, Gain on sale of investment securities ¥526 million / Extraordinary loss Loss on sale of fixed assets ¥0 million |
| Disclosure regarding the going concern assumption | None. The filing states, “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 No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 文正商事株式会社 |
| Material subsequent events | At a meeting of the Board of Directors held on 31 July 2026, the company resolved to absorb and merge its wholly owned subsidiary 神戸ペイント株式会社, with 1 April 2027 as the effective date. The transaction is expected to be accounted for as a transaction under common control. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Analysts and institutional investors |
| Issued Shares at Period-End | 55,000,000 |
| Treasury Shares at Period-End | 5,344,749 |
| Factors Behind Changes in Business Performance | Revenue increased due to higher building volumes in China, increased shipments, adjustments to selling prices, expanded sales of high-value-added and environmentally friendly products, and a recovery in demand in the heavy-duty corrosion protection field. Profit improved due to adjustments to selling prices and the inclusion in cost of sales for the period of raw-material inventories procured before prices rose sharply, among other factors. |
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyOrders 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.Revenue increased due to higher newbuilding volumes in China, increased shipments, adjustments to selling prices, expanded sales of high-value-added and environmentally friendly products, and a recovery in demand in areas such as heavy-duty corrosion protection. Profit improved due to adjustments to selling prices and the inclusion in cost of sales for the period of raw-material inventories procured before prices rose sharply.
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.