Worth reading
45Recurring
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-6.3
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales61,889¥ millionYear on year -6.3%Progress 93.2%
Operating profit4,004¥ millionYear on year -10.1%Progress 98.9%
Ordinary income6,834¥ millionYear on year +1.9%Progress 93.0%
Net income attributable to owners of the parent5,244¥ millionYear on year +6.1%Progress 98.9%
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¥242.39
Operating Margin6.5％
Financial position at period-end
Total assets85,375¥ million
of which net assets 67,023 ¥ millionEquity ratio 70.5%vs. prior year-end +3.1pt
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.
Cash inflows and outflows
Operating+6,419
Investment-5,191
Financials-4,770
Net change-3,542
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¥12,586 million
Segment revenuePaint-Related Business ¥19,311 million (YoY -18.6%), Automotive Products-Related Business ¥42,561 million (YoY +0.6%), Other ¥16 million (YoY +2.0%)
Segment profitPaint-Related Business ¥566 million (YoY -40.6%), Automotive Products-Related Business ¥3,429 million (YoY -1.8%), Other ¥9 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥66,400 million (YoY +7.3%)
Operating profit¥4,050 million (YoY +1.1%)
Ordinary income¥7,350 million (YoY +7.5%)
Net income¥5,300 million (YoY +1.1%)
Annual Dividend Forecast¥125 per share → ¥130 per share（+4.0%）
Payout ratio51.6％
Shareholder Return PolicyTo be determined after comprehensively considering the financial position, investment plans and total payout ratio, among other factors
Factors Behind Changes in Business Performance
Lower revenue due to a decline following the prior year's strong performance in large-scale projects in the Paint-Related Business, higher equity-method investment income, and the recognition of gains on sales of property, plant and equipment and investment securities.
Disclosure regarding the going concern assumption
Not applicable (no matters to report in the notes on the going concern assumption)
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 (no company names provided) / Excluded 0 companies (no company names provided)
Material subsequent eventsNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥536 million, Insurance proceeds received ¥3 million, Gain on sale of investment securities ¥382 million / Extraordinary loss Losses on disposal of fixed assets ¥57 million, Impairment loss on investment securities ¥335 million, Loss on sale of golf club memberships ¥1 million, Settlement Payments ¥2 million
Depreciation and amortization¥2,817 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End23,611,200 shares
Treasury Shares at Period-End2,319,049 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥61,889 million (YoY -6.3%) |
| Operating profit | ¥4,004 million (YoY -10.1%) |
| Ordinary income | ¥6,834 million (YoY +1.9%) |
| Profit attributable to owners of the parent | ¥5,244 million (YoY +6.1%) |
| Net income per share | ¥242.39 |
| Operating Margin | 6.5％ |
| Equity ratio | End of the current fiscal period 70.5％ / End of previous period 67.4％ |
| Total assets | ¥85,375 million |
| Net assets | ¥67,023 million |
| Cash flows from operating activities | ¥6,419 million |
| Cash flows from investing activities | ¥-5,191 million |
| Cash flows from financing activities | ¥-4,770 million |
| Cash and cash equivalents at end of period | ¥12,586 million |
| Full-year earnings forecast | Net Sales ¥66,400 million (YoY +7.3%) / Operating profit ¥4,050 million (YoY +1.1%) / Ordinary income ¥7,350 million (YoY +7.5%) / Net income ¥5,300 million (YoY +1.1%) |
| Annual Dividend Forecast | ¥125 per share → ¥130 per share（+4.0%） |
| Payout ratio | 51.6％ |
| Shareholder Return Policy | To be determined after comprehensively considering the financial position, investment plans and total payout ratio, among other factors |
| Segment revenue | Paint-Related Business ¥19,311 million (YoY -18.6%), Automotive Products-Related Business ¥42,561 million (YoY +0.6%), Other ¥16 million (YoY +2.0%) |
| Segment profit | Paint-Related Business ¥566 million (YoY -40.6%), Automotive Products-Related Business ¥3,429 million (YoY -1.8%), Other ¥9 million |
| Depreciation and amortization | ¥2,817 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥536 million, Insurance proceeds received ¥3 million, Gain on sale of investment securities ¥382 million / Extraordinary loss Losses on disposal of fixed assets ¥57 million, Impairment loss on investment securities ¥335 million, Loss on sale of golf club memberships ¥1 million, Settlement Payments ¥2 million |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| 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 (no company names provided) / Excluded 0 companies (no company names provided) |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Yes (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 23,611,200 shares |
| Treasury Shares at Period-End | 2,319,049 shares |
| Factors Behind Changes in Business Performance | Lower revenue due to a decline following the prior year's strong performance in large-scale projects in the Paint-Related Business, higher equity-method investment income, and the recognition of gains on sales of property, plant and equipment and investment securities. |
Items this document does not state (4)
Revision to Earnings ForecastRegional 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.Revenue declined mainly due to lower revenue in the Paint-Related Business, while operating profit also declined as a result of the decrease in revenue from that business. Ordinary profit increased due to factors including higher equity-method investment income, while net income attributable to owners of the parent increased due to the recognition of gains on sales of property, plant and equipment and investment securities.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.