Worth reading
57In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-41.3
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales25,101¥ millionYear on year -19.5%Progress 94.7%
Operating profit4,008¥ millionYear on year -41.3%Progress 117.9%
Ordinary income5,683¥ millionYear on year -26.3%Progress 129.2%
Net income attributable to owners of the parent-74¥ million
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-¥3.72
Operating Margin16
Financial position at period-end
Total assets87,016¥ million
of which net assets 77,628 ¥ millionEquity ratio 89.2%vs. prior year-end -1.5pt
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+7,766
Investment-7,139
Financials-2,011
Net change-1,384
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¥3,613 million
Segment revenueManufacture and sale of carbon products (single segment) ¥25,101 million (YoY -19.5%)
Regional salesJapan Current fiscal year ¥6,745 million / Previous period ¥7,284 million / Americas Current fiscal year ¥5,888 million / Previous period ¥7,769 million / Asia and the Middle East Current fiscal year ¥7,631 million / Previous period ¥8,877 million / Europe Current fiscal year ¥1,849 million / Previous period ¥2,278 million / Other regions Current fiscal year ¥2,986 million / Previous period ¥4,968 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥26,500 million (YoY +5.6%)
Operating profit¥3,400 million (YoY -15.2%)
Ordinary income¥4,400 million (YoY -22.6%)
Net income¥3,000 million
Annual Dividend Forecast¥100 → ¥100（0.0%）
Payout ratioCurrent fiscal year Not disclosed / Next-year forecast 66.8 %
Shareholder Return PolicyDividends will be paid based on the higher of ¥100 per share for the full year or a consolidated dividend payout ratio of 30%. The company also plans to acquire treasury shares flexibly, taking into account earnings, its capital position and market conditions.
Factors Behind Changes in Business Performance
Sales of carbon products generally remained sluggish, and sales volumes declined due to slower replacement demand, inventory adjustments, weak crude steel production, lower demand for heat-treatment furnaces and nonferrous metals-related applications, and weaker demand for applications including motor brushes. The recording of an impairment loss of ¥6,063 million also reduced net income.
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 / Excluded 0 / Company name Not disclosed / Notes 日本電極株式会社 was added to the scope of equity-method accounting
Material subsequent eventsNo applicable matters.
Impairment loss¥6,063 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥133 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥95 million, Impairment Loss on Investment Securities ¥81 million, Impairment Losses ¥6,063 million
Depreciation and amortization¥2,048 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End20,694,340 Shares
Treasury Shares at Period-End646,695 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 | ¥25,101 million (YoY -19.5%) |
| Operating profit | ¥4,008 million (YoY -41.3%) |
| Ordinary income | ¥5,683 million (YoY -26.3%) |
| Profit attributable to owners of the parent | ¥-74 million |
| Net income per share | -¥3.72 |
| Operating Margin | 16 |
| Equity ratio | End of the current fiscal period 89.2 / End of previous period 90.7 |
| Total assets | ¥87,016 million |
| Net assets | ¥77,628 million |
| Cash flows from operating activities | ¥7,766 million |
| Cash flows from investing activities | ¥-7,139 million |
| Cash flows from financing activities | ¥-2,011 million |
| Cash and cash equivalents at end of period | ¥3,613 million |
| Full-year earnings forecast | Net Sales ¥26,500 million (YoY +5.6%) / Operating profit ¥3,400 million (YoY -15.2%) / Ordinary income ¥4,400 million (YoY -22.6%) / Net income ¥3,000 million |
| Annual Dividend Forecast | ¥100 → ¥100（0.0%） |
| Payout ratio | Current fiscal year Not disclosed / Next-year forecast 66.8 % |
| Shareholder Return Policy | Dividends will be paid based on the higher of ¥100 per share for the full year or a consolidated dividend payout ratio of 30%. The company also plans to acquire treasury shares flexibly, taking into account earnings, its capital position and market conditions. |
| Segment revenue | Manufacture and sale of carbon products (single segment) ¥25,101 million (YoY -19.5%) |
| Regional sales | Japan Current fiscal year ¥6,745 million / Previous period ¥7,284 million / Americas Current fiscal year ¥5,888 million / Previous period ¥7,769 million / Asia and the Middle East Current fiscal year ¥7,631 million / Previous period ¥8,877 million / Europe Current fiscal year ¥1,849 million / Previous period ¥2,278 million / Other regions Current fiscal year ¥2,986 million / Previous period ¥4,968 million |
| Depreciation and amortization | ¥2,048 million |
| Impairment loss | ¥6,063 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥133 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥95 million, Impairment Loss on Investment Securities ¥81 million, Impairment Losses ¥6,063 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 / Excluded 0 / Company name Not disclosed / Notes 日本電極株式会社 was added to the scope of equity-method accounting |
| Material subsequent events | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 20,694,340 Shares |
| Treasury Shares at Period-End | 646,695 Shares |
| Factors Behind Changes in Business Performance | Sales of carbon products generally remained sluggish, and sales volumes declined due to slower replacement demand, inventory adjustments, weak crude steel production, lower demand for heat-treatment furnaces and nonferrous metals-related applications, and weaker demand for applications including motor brushes. The recording of an impairment loss of ¥6,063 million also reduced net income. |
Items this document does not state (3)
Revision to Earnings ForecastSegment profitOrders received and order backlog
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.Sales of carbon products generally remained sluggish, particularly cathode blocks for aluminum smelting, specialty carbon products, fine powder and other carbon products. Lower sales volumes reduced earnings, and an impairment loss of ¥6,063 million was recorded as an extraordinary loss.
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.