Komori
Earnings4929ADJUVANT HOLDINGS CO.,LTD.Materials and Chemicals

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

Revenue for the interim period was essentially flat, down 0.3% year on year. However, through reductions in selling, general and administrative expenses, operating income improved from an operating loss of ¥21 million in the same period of the previous year to ¥0 million, while ordinary income and interim net income attributable to owners of the parent were both positive. There have been no changes to the full-year earnings forecasts or the annual dividend forecast.

Worth reading
49Recurring
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
102.2
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)21 March 2026–20 September 2026ConsolidatedJapanese GAAP
Net Sales1,850¥ millionYear on year -0.3%Progress 45.7%
Operating profit0¥ millionProgress 0.0%
Ordinary income22¥ millionProgress 42.3%
Net income attributable to owners of the parent32¥ millionYear on year +102.2%Progress 133.3%

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¥4.04
Financial position at period-end
Total assets5,122¥ million
of which net assets 4,152 ¥ millionEquity ratio 81.1%vs. prior year-end -0.8pt

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+170
Investment-528
Financials-100
Net change-458

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¥1,674 million
Regional sales
Domestic revenue1,78496.4%+1.0%
Overseas revenue663.6%-25.3%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥4,052 million (YoY +6.3%)
Operating profit¥50 million (YoY -70.2%)
Ordinary income¥52 million (YoY -74.0%)
Net income¥24 million (YoY -82.7%)
Annual Dividend Forecast¥12 → ¥12(0.0%)
Factors Behind Changes in Business Performance

The salon invitation event in the first quarter, expanded sales of priority products, the launch of new products and brand initiatives contributed to revenue, while the Company struggled with cross-selling in the second quarter. The decline in gross profit resulting from lower revenue was offset by reductions in selling, general and administrative expenses, resulting in operating income.

Disclosure regarding the going concern assumption

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 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income: None; extraordinary losses: None
Depreciation and amortization¥40 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End8,043,600
Treasury Shares at Period-End43,205
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered21 March 2026–20 September 2026
Net Sales¥1,850 million (YoY -0.3%)
Operating profit¥0 million
Ordinary income¥22 million
Profit attributable to owners of the parent¥32 million (YoY +102.2%)
Net income per share¥4.04
Equity ratioEnd of the current fiscal period 81.1 / End of previous period 81.9
Total assets¥5,122 million
Net assets¥4,152 million
Cash flows from operating activities¥170 million
Cash flows from investing activities¥-528 million
Cash flows from financing activities¥-100 million
Cash and cash equivalents at end of period¥1,674 million
Full-year earnings forecastNet Sales ¥4,052 million (YoY +6.3%) / Operating profit ¥50 million (YoY -70.2%) / Ordinary income ¥52 million (YoY -74.0%) / Net income ¥24 million (YoY -82.7%)
Annual Dividend Forecast¥12 → ¥12(0.0%)
Regional salesDomestic revenue ¥1,784 million (YoY +1.0%) / Overseas revenue ¥66 million (YoY -25.3%)
Depreciation and amortization¥40 million
Breakdown of extraordinary income (loss)Extraordinary income: None; extraordinary losses: None
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End8,043,600
Treasury Shares at Period-End43,205
Factors Behind Changes in Business PerformanceThe salon invitation event in the first quarter, expanded sales of priority products, the launch of new products and brand initiatives contributed to revenue, while the Company struggled with cross-selling in the second quarter. The decline in gross profit resulting from lower revenue was offset by reductions in selling, general and administrative expenses, resulting in operating income.
Items this document does not state (9)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitOrders received and order backlogImpairment lossMaterial 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.

Revenue was boosted by the salon invitation event and expanded sales of priority products in the first quarter, while the Company struggled with cross-selling to purchasers of new products in the second quarter. The decline in gross profit resulting from lower revenue was offset by reductions in selling, general and administrative expenses, including advertising expenses, resulting in operating income. Ordinary income benefited from dividend income and interest income, while interim net income attributable to owners of the parent benefited from adjustments to income taxes and other items.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | ADJUVANT HOLDINGS CO.,LTD. (4929) timely disclosure | Komori