Worth reading
61In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
551
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFiscal year ending March 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥22,312 million+1.6%
Operating profit¥1,993 million+18.6%
Ordinary income¥2,166 million+17.8%
Net income¥605 million-47.7%
Selling, general and administrative expenses¥4,317 million
Operating profit margin8.9%, up 1.2 percentage points year on year
Full-year earnings forecast
Fiscal year ending March 2027
Net Sales
¥22,700 million
Operating profit
¥2,170 million
Ordinary income
¥2,370 million
Profit attributable to owners of the parent
¥1,560 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher ASLOC selling prices and other factors¥159 million
- Higher profits from construction work¥95 million
- Higher manufacturing costs¥-59 million
- Other (gross profit)¥-1 million
- Lower variable costs¥69 million
- Reduction in miscellaneous expenses¥50 million
- Increase in dividend income¥25 million
- Decrease in insurance proceeds received¥-5 million
- Decrease in reversal of provisions¥-13 million
- Other (non-operating income and expenses)¥7 million
- Increase in litigation losses¥-948 million
- Impairment Losses¥-271 million
- Inventory valuation loss¥-91 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Raw material and energy prices, logistics costs and labor costs are expected to rise. Sales volumes of ASLOC for general construction and products for housing are expected to remain at the same levels as in the first half. The benefits of sales price revisions are expected to emerge in the second half.New initiatives
- Implementation of the medium-term management plan, “NOZAWA NEXT3”
- Expand sales of factory-painted ASLOC products and promote the adoption of factory pre-processing
- Develop and open up new markets for ミルフィア, a multi-color on-site painting method
- Expand slate board products for interior applications
- Build a flexible production system to respond to fluctuations in demand
- Ensure stable procurement, use alternative materials and improve energy-use efficiency
- Use AI and promote DX, automate inspection processes and systematize administrative work
- Secure and develop human resources and reform personnel systems
- Allocate restricted stock to employees
Key KPIsA metric the company considers important as a management benchmark.
- Equity ratio72 %
- Return on equity (ROE)2.8 %
- Net income per share¥51.56
Medium-term management plan targets
The company states that it has formulated and will implement its medium-term management plan, “NOZAWA NEXT3,” but the target figures and target fiscal years are Not disclosedCapital expenditures
¥126 100 million
Annual Dividend
¥43 per share
Payout ratio
30 % target
DOE3
DOE_unit% (target)
Acquisition of treasury shares
In March 2026, 176,500 shares were allocated as a disposal of treasury shares to employees. This was not a share repurchase program.| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥22,312 million (YoY +1.6%) |
| Operating profit | ¥1,993 million (YoY +18.6%) |
| Ordinary income | ¥2,166 million (YoY +17.8%) |
| Net income | ¥605 million (YoY -47.7%) |
| Operating profit margin | 8.9%, up 1.2 percentage points year on year |
| Selling, general and administrative expenses | ¥4,317 million |
| Full-year earnings forecast | Subject Fiscal year ending March 2027 / Net Sales ¥22,700 million / Operating profit ¥2,170 million / Ordinary income ¥2,370 million / Profit attributable to owners of the parent ¥1,560 million |
| Breakdown of Factors Affecting the Change | Factors Higher ASLOC selling prices and other factors / Amount ¥159 million, Factors Higher profits from construction work / Amount ¥95 million, Factors Higher manufacturing costs / Amount ¥-59 million, Factors Other (gross profit) / Amount ¥-1 million, Factors Lower variable costs / Amount ¥69 million, Factors Reduction in miscellaneous expenses / Amount ¥50 million, Factors Increase in dividend income / Amount ¥25 million, Factors Decrease in insurance proceeds received / Amount ¥-5 million, Factors Decrease in reversal of provisions / Amount ¥-13 million, Factors Other (non-operating income and expenses) / Amount ¥7 million, Factors Increase in litigation losses / Amount ¥-948 million, Factors Impairment Losses / Amount ¥-271 million, Factors Inventory valuation loss / Amount ¥-91 million |
| Key KPIs | Indicator name Equity ratio / Value 72 %, Indicator name Return on equity (ROE) / Value 2.8 %, Indicator name Net income per share / Value ¥51.56 |
| Assumptions Underlying the Business Outlook | Raw material and energy prices, logistics costs and labor costs are expected to rise. Sales volumes of ASLOC for general construction and products for housing are expected to remain at the same levels as in the first half. The benefits of sales price revisions are expected to emerge in the second half. |
| Medium-term management plan targets | The company states that it has formulated and will implement its medium-term management plan, “NOZAWA NEXT3,” but the target figures and target fiscal years are Not disclosed |
| Annual Dividend | ¥43 per share |
| Payout ratio | 30 % (target) |
| Acquisition of treasury shares | In March 2026, 176,500 shares were allocated as a disposal of treasury shares to employees. This was not a share repurchase program. |
| Capital expenditures | ¥126 100 million |
| New initiatives | Implementation of the medium-term management plan, “NOZAWA NEXT3”, Expand sales of factory-painted ASLOC products and promote the adoption of factory pre-processing, Develop and open up new markets for ミルフィア, a multi-color on-site painting method, Expand slate board products for interior applications, Build a flexible production system to respond to fluctuations in demand, Ensure stable procurement, use alternative materials and improve energy-use efficiency, Use AI and promote DX, automate inspection processes and systematize administrative work, Secure and develop human resources and reform personnel systems, Allocate restricted stock to employees |
Items this document does not state (13)
Gross Profit MarginResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsOrders 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.Operating income and ordinary income increased, mainly reflecting the impact of higher revenue. Net income declined due to an increase in litigation losses and the recognition of impairment losses and inventory valuation losses related to MINEMAG products. For the fiscal year ending March 2027, the company expects raw material and energy prices, logistics costs and labor costs to rise, while anticipating the benefits of sales price revisions.
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.