Worth reading
61In focus
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
123
¥100 million (year-on-year increase in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,795 100 million+4.7%
Operating profit¥288 100 million+74.5%
Net income¥44 100 million+132.6%
Operating profit margin3.3 %
Results for the three months of the current quarter
Net Sales
¥2,389 100 million
Operating profit
¥103 100 million
Operating profit margin
4.3 %
Income before taxes
¥-4 100 million
Profit for the period
¥96 100 million
Net income
¥96 100 million
Full-year earnings forecast
Net Sales
¥8,500 100 million
Operating profit
¥310 100 million
Operating profit after separately disclosed items
¥320 100 million
Income before taxes
¥110 100 million
Profit for the period
¥40 100 million
Net income
¥20 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit will fall short of the full-year forecast, while net income will exceed it, partly due to a one-off tax effectBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in operating profit
Foreign Exchange-13
Sales volume and mix-26
Selling Prices169
Raw material and fuel costs2
Other-9
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
British pound
¥194
Euro
¥163
US dollars
¥148
Brazilian real
¥25.8
European MarketA gradual improvement is expected from the second half of the fiscal year
Automotive production volumeA gradual recovery is expected
New initiatives
- Commissioning of new coating equipment for energy-efficient glass in Japan and Poland
- Installation of a new solar power generation system at the Ottawa facility in the United States
- Introduction of a workplace safety management system using video analysis AI
- ¥165 billion third-party allotment capital increase by Apollo funds
- ¥140 billion debt-to-equity swap by major financial institutions
Key KPIsA metric the company considers important as a management benchmark.
EBITDA
¥830 100 million+26.1%
Equity ratio
13.5 %
yoy_change_pt3.1
Interest-Bearing Debt
¥5,483 100 million
yoy_change235
Free cash flow
¥11 100 million
yoy_change-89
Segment results
Architectural glass business
Net Sales
¥3,750 100 million
Operating profit
¥300 100 million
Year-on-year change in revenue
¥120 100 million
Year-on-year change in operating income
¥165 100 million
Automotive glass business
Net Sales
¥4,572 100 million
Operating profit
¥50 100 million
Year-on-year change in revenue
¥278 100 million
Year-on-year change in operating income
¥-27 100 million
High-performance glass business
Net Sales
¥460 100 million
Operating profit
¥86 100 million
Year-on-year change in revenue
¥-6 100 million
Year-on-year change in operating income
¥11 100 million
Other
Net Sales
¥12 100 million
Operating profit
¥-149 100 million
Year-on-year change in revenue
¥-1 100 million
Year-on-year change in operating income
¥-25 100 million
Medium-term management plan targets
Fiscal year ending March 2027
Operating profit
¥640 100 million
Operating profit margin
7 %
Free cash flow
¥270 100 million
Interest-Bearing Debt
¥4,420 100 million
Fiscal year ending March 2030
Operating profit margin
10 % or higher
Equity ratio
15 %
Financial targets
Operating profit margin
Actual results for the fiscal year ending March 20263.3 %
Forecast for the fiscal year ending March 20274.1 %
Target for the fiscal year ending March 20277 %
Equity ratio
Actual results for the fiscal year ending March 202613.5 %
Interest-Bearing Debt
Actual results for the fiscal year ending March 2026¥5,483 100 million
Capital expenditures
¥443 100 million
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥8,795 100 million (YoY +4.7%) |
| Operating profit | ¥288 100 million (YoY +74.5%) |
| Net income | ¥44 100 million (YoY +132.6%) |
| Operating profit margin | 3.3 % |
| Results for the three months of the current quarter | Net Sales ¥2,389 100 million / Operating profit ¥103 100 million / Operating profit margin 4.3 % / Income before taxes ¥-4 100 million / Profit for the period ¥96 100 million / Net income ¥96 100 million |
| Full-year earnings forecast | Net Sales ¥8,500 100 million / Operating profit ¥310 100 million / Operating profit after separately disclosed items ¥320 100 million / Income before taxes ¥110 100 million / Profit for the period ¥40 100 million / Net income ¥20 100 million |
| Self-assessment against the plan | Operating profit will fall short of the full-year forecast, while net income will exceed it, partly due to a one-off tax effect |
| Segment results | Architectural glass business Net Sales ¥3,750 100 million / Operating profit ¥300 100 million / Year-on-year change in revenue ¥120 100 million / Year-on-year change in operating income ¥165 100 million / Automotive glass business Net Sales ¥4,572 100 million / Operating profit ¥50 100 million / Year-on-year change in revenue ¥278 100 million / Year-on-year change in operating income ¥-27 100 million / High-performance glass business Net Sales ¥460 100 million / Operating profit ¥86 100 million / Year-on-year change in revenue ¥-6 100 million / Year-on-year change in operating income ¥11 100 million / Other Net Sales ¥12 100 million / Operating profit ¥-149 100 million / Year-on-year change in revenue ¥-1 100 million / Year-on-year change in operating income ¥-25 100 million |
| Breakdown of Factors Affecting the Change | Change in operating profit Foreign Exchange -13 / Sales volume and mix -26 / Selling Prices 169 / Raw material and fuel costs 2 / Other -9 |
| Key KPIs | EBITDA ¥830 100 million (YoY +26.1%) / Equity ratio 13.5 % / Interest-Bearing Debt ¥5,483 100 million / Free cash flow ¥11 100 million |
| Assumptions Underlying the Business Outlook | British pound ¥194 / Euro ¥163 / US dollars ¥148 / Brazilian real ¥25.8 / European Market A gradual improvement is expected from the second half of the fiscal year / Automotive production volume A gradual recovery is expected |
| Medium-term management plan targets | Fiscal year ending March 2027 Operating profit ¥640 100 million / Operating profit margin 7 % / Free cash flow ¥270 100 million / Interest-Bearing Debt ¥4,420 100 million / Fiscal year ending March 2030 Operating profit margin 10 % or higher / Equity ratio 15 % |
| Financial targets | Operating profit margin Actual results for the fiscal year ending March 2026 3.3 % / Forecast for the fiscal year ending March 2027 4.1 % / Target for the fiscal year ending March 2027 7 % / Equity ratio Actual results for the fiscal year ending March 2026 13.5 % / Interest-Bearing Debt Actual results for the fiscal year ending March 2026 ¥5,483 100 million |
| Capital expenditures | ¥443 100 million |
| New initiatives | Commissioning of new coating equipment for energy-efficient glass in Japan and Poland, Installation of a new solar power generation system at the Ottawa facility in the United States, Introduction of a workplace safety management system using video analysis AI, ¥165 billion third-party allotment capital increase by Apollo funds, ¥140 billion debt-to-equity swap by major financial institutions |
Items this document does not state (14)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 foreign exchange effects as well as growth in the automotive glass and architectural glass businesses in Europe and the Americas. Operating profit benefited from improved selling prices in the European architectural glass business and the Americas automotive glass business, as well as cost improvements, including the shutdown of a float furnace. In the North American automotive glass business, however, production efficiency temporarily declined, while free cash flow decreased due to an increase in working capital. Net income exceeded the forecast due to the one-off recognition of deferred tax assets in the United Kingdom.
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.