Worth reading
83Important
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
93
¥100 million (increase in revenue year on year)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending March 202612 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,151 100 million+8.8%
Operating profit¥61.5 100 million+49.2%
Ordinary income¥63.9 100 million+51.0%
Net income¥54.2 100 million-3.0%
Operating profit margin5.3 %
Results for the three months of the current quarter
Net Sales
¥590 100 million
Operating profit
¥26.8 100 million
Cement operating profit
¥-0.4 100 million
High-performance products operating profit
¥8.2 100 million
Full-year earnings forecast
Net Sales
¥2,410 100 million
Operating profit
¥150 100 million
Ordinary income
¥148 100 million
Net income
¥115 100 million
Cement operating profit
¥42 100 million
High-performance products operating profit
¥45 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit is expected to be in line with the initial forecast, while net income is expected to exceed the initial forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Cement business operating profit
Sales and production volumes-3
Selling Prices35
Coal and oil prices-8
Electricity and raw-material prices-1
Recycling and rationalization7
Foreign exchange-7
Other-8
High-performance products business operating profit
Electrostatic chuck volume changes and product mix10
Cost reductions through automation and other measures0
Depreciation (new manufacturing building, etc.)-3
Optics Business3
Other (development expenses, etc.)-8
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Foreign exchange¥160/US$ (first half: ¥160/US$, second half: ¥160/US$)
Coal (CIF)US$143/t (first half: US$135/t, second half: US$150/t)
OilUS$97/bbl (first half: US$94/bbl, second half: US$100/bbl)
New initiatives
- Start-up of operations at the new electrostatic chuck manufacturing building (completed and shipments commenced on 9 July 2026)
- A 1-for-3 stock split
- Publication of Integrated Report 2026 and the Operating and Financial Data Book
Key KPIsA metric the company considers important as a management benchmark.
- Domestic cement demand2,900 10,000 tonnes FY2026 forecast
- Domestic sales volume670.8 10,000 tonnes FY2026 forecast
- Export volume160 10,000 tonnes FY2026 forecast
- ROE5.8 %Year on year against the same period last year0.0%
- ROIC3.4 %Year on year against the same period last year+0.1%
- Total payout ratio77 %
Segment results
Cement
Net Sales
¥793 100 million
Year-on-Year Change in Revenue (%)5.5
Operating profit
¥15.3 100 million
Mineral products
Net Sales
¥93 100 million
Year-on-Year Change in Revenue (%)7.6
Operating profit
¥16.2 100 million
Operating profit year-on-year_pct9.9
Building materials
Net Sales
¥112 100 million
Year-on-Year Change in Revenue (%)6.2
Operating profit
¥4.6 100 million
Operating profit year-on-year_pct7.5
High-performance products
Net Sales
¥133 100 million
Year-on-Year Change in Revenue (%)38.3
Operating profit
¥15.6 100 million
Operating profit year-on-year_pct14.8
New materials
Net Sales
¥116 100 million
Year-on-Year Change in Revenue (%)39.1
Operating profit
¥13.7 100 million
Operating profit year-on-year_pct-4.2
Optoelectronics
Net Sales
¥17 100 million
Year-on-Year Change in Revenue (%)33.2
Operating profit
¥1.9 100 million
Other
Net Sales
¥20 100 million
Year-on-Year Change in Revenue (%)10.7
Operating profit
¥7.7 100 million
Operating profit year-on-year_pct3.1
Medium-term management plan targets
Net Sales
¥2,555 100 million
Target fiscal yearFY2028
Operating profit
¥270 100 million
Target fiscal yearFY2028
ROE
9.0% or more
Target fiscal yearFY2028
ROIC
6.0% or higher
Target fiscal yearFY2028
Total payout ratio
50% or more
Target fiscal yearAverage for FY2026–FY2028
Financial targets
ROE
Actual results5.8 %
ROIC
Actual results3.4 %
D/E
Actual results49 %
Number of employees
Number of Employees3,045 People end of FY2025
Capital expenditures
¥266 100 million FY2026 forecast
Annual Dividend
Annual dividend per share120 yen before adjustment for stock split
Interim60 yen before adjustment for stock split
End of period60 yen before adjustment for stock split
Acquisition of treasury shares
Buyback limit
¥50 100 million
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending March 2026 |
| Net Sales | ¥1,151 100 million (YoY +8.8%) |
| Operating profit | ¥61.5 100 million (YoY +49.2%) |
| Ordinary income | ¥63.9 100 million (YoY +51.0%) |
| Net income | ¥54.2 100 million (YoY -3.0%) |
| Operating profit margin | 5.3 % |
| Results for the three months of the current quarter | Net Sales ¥590 100 million / Operating profit ¥26.8 100 million / Cement operating profit ¥-0.4 100 million / High-performance products operating profit ¥8.2 100 million |
| Full-year earnings forecast | Net Sales ¥2,410 100 million / Operating profit ¥150 100 million / Ordinary income ¥148 100 million / Net income ¥115 100 million / Cement operating profit ¥42 100 million / High-performance products operating profit ¥45 100 million |
| Self-assessment against the plan | Operating profit is expected to be in line with the initial forecast, while net income is expected to exceed the initial forecast |
| Segment results | Cement Net Sales ¥793 100 million / Year-on-Year Change in Revenue (%) 5.5 / Operating profit ¥15.3 100 million / Mineral products Net Sales ¥93 100 million / Year-on-Year Change in Revenue (%) 7.6 / Operating profit ¥16.2 100 million / Operating profit year-on-year_pct 9.9 / Building materials Net Sales ¥112 100 million / Year-on-Year Change in Revenue (%) 6.2 / Operating profit ¥4.6 100 million / Operating profit year-on-year_pct 7.5 / High-performance products Net Sales ¥133 100 million / Year-on-Year Change in Revenue (%) 38.3 / Operating profit ¥15.6 100 million / Operating profit year-on-year_pct 14.8 / New materials Net Sales ¥116 100 million / Year-on-Year Change in Revenue (%) 39.1 / Operating profit ¥13.7 100 million / Operating profit year-on-year_pct -4.2 / Optoelectronics Net Sales ¥17 100 million / Year-on-Year Change in Revenue (%) 33.2 / Operating profit ¥1.9 100 million / Other Net Sales ¥20 100 million / Year-on-Year Change in Revenue (%) 10.7 / Operating profit ¥7.7 100 million / Operating profit year-on-year_pct 3.1 |
| Breakdown of Factors Affecting the Change | Cement business operating profit Sales and production volumes -3 / Selling Prices 35 / Coal and oil prices -8 / Electricity and raw-material prices -1 / Recycling and rationalization 7 / Foreign exchange -7 / Other -8 / High-performance products business operating profit Electrostatic chuck volume changes and product mix 10 / Cost reductions through automation and other measures 0 / Depreciation (new manufacturing building, etc.) -3 / Optics Business 3 / Other (development expenses, etc.) -8 |
| Key KPIs | Indicator name Domestic cement demand / Value 2,900 10,000 tonnes (FY2026 forecast) / Year on year against the same period last year Not disclosed, Indicator name Domestic sales volume / Value 670.8 10,000 tonnes (FY2026 forecast) / Year on year against the same period last year Not disclosed, Indicator name Export volume / Value 160 10,000 tonnes (FY2026 forecast) / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 5.8 % / Year on year against the same period last year 0 %, Indicator name ROIC / Value 3.4 % / Year on year against the same period last year 0.1 %, Indicator name Total payout ratio / Value 77 % / Year on year against the same period last year Not disclosed |
| Number of employees | Number of Employees 3,045 People (end of FY2025) |
| Assumptions Underlying the Business Outlook | Foreign exchange ¥160/US$ (first half: ¥160/US$, second half: ¥160/US$) / Coal (CIF) US$143/t (first half: US$135/t, second half: US$150/t) / Oil US$97/bbl (first half: US$94/bbl, second half: US$100/bbl) |
| Medium-term management plan targets | Net Sales ¥2,555 100 million / Operating profit ¥270 100 million / ROE 9.0% or more / ROIC 6.0% or higher / Total payout ratio 50% or more |
| Financial targets | ROE Actual results 5.8 % / ROIC Actual results 3.4 % / D/E Actual results 49 % |
| Annual Dividend | Annual dividend per share 120 yen (before adjustment for stock split) / Interim 60 yen (before adjustment for stock split) / End of period 60 yen (before adjustment for stock split) |
| Acquisition of treasury shares | Buyback limit ¥50 100 million |
| Capital expenditures | ¥266 100 million (FY2026 forecast) |
| New initiatives | Start-up of operations at the new electrostatic chuck manufacturing building (completed and shipments commenced on 9 July 2026), A 1-for-3 stock split, Publication of Integrated Report 2026 and the Operating and Financial Data Book |
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookPayout ratioOrders 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.Cement posted higher profit due to the effect of higher domestic selling prices, while high-performance products posted higher profit due to increased sales volumes of electrostatic chucks and improved profitability in the Opto business. Interim net income declined due to the absence of gains on the sale of cross-held shares recorded in the previous fiscal year. The reasons for revising the full-year forecasts include increased sales volumes of high-performance products and electrostatic chucks, the recording of gains on the sale of cross-held shares, and the effects of energy prices, raw material prices and yen depreciation in the cement business.
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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