Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
8.8
Year-on-year increase in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales142,908¥ millionYear on year +3.4%Progress 95.3%
Operating profit11,114¥ millionYear on year +8.8%Progress 96.6%
Ordinary income15,194¥ millionYear on year +8.3%Progress 101.3%
Net income attributable to owners of the parent14,178¥ millionYear on year +9.6%
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¥254.64
Operating Margin7.8%
Financial position at period-end
Total assets230,076¥ million
of which net assets 167,738 ¥ millionEquity ratio 72.5%vs. prior year-end -3.1pt
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+10,043
Investment-7,710
Financials-1,544
Net change+789
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¥13,460 million
Segment revenueIndustrial Equipment ¥56,385 million (YoY -0.1%), Ceramic and Materials ¥50,035 million (YoY +10.0%), Engineering ¥29,757 million (YoY +2.4%), Tableware ¥6,730 million (YoY -6.5%)
Segment profitIndustrial Equipment ¥1,605 million (YoY -12.1%), Ceramic and Materials ¥8,324 million (YoY +23.8%), Engineering ¥1,828 million (YoY +5.9%), Tableware ¥-643 million
Regional sales¥78,187 million, ¥15,155 million, ¥1,940 million, ¥2,420 million, ¥44,205 million, ¥999 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥150,000 million (YoY +5.0%)
Operating profit¥11,500 million (YoY +3.5%)
Ordinary income¥15,000 million (YoY -1.3%)
Profit attributable to owners of the parent¥14,500 million (YoY +2.3%)
Annual Dividend Forecast135 yen per share (on a pre-stock-split basis) → 200 yen per share (on a pre-stock-split basis)（+48.1%）
Payout ratio35.6% for the fiscal year ended March 2026; forecast 38.6% for the fiscal year ending March 2027
Shareholder Return PolicyConsolidated payout ratio of at least 35% for the full year; progressive dividends with an annual dividend floor of ¥70 per share during the period of the 13th Medium-Term Management Plan, based on the post-stock-split share basis as of 1 April 2026; and a total payout ratio of at least 50% (on a cumulative three-year basis)
Factors Behind Changes in Business Performance
The expansion of production capacity for products serving growth markets, the reorganization of the business structure, and increases in sales and production volume contributed to higher profit. Factors reducing profit included demand fluctuations in the automotive and steel industries, among others, U.S. tariff policy, foreign exchange movements, higher raw material prices, and increased upfront costs for market development.
Disclosure regarding the going concern assumption
Not applicable.
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 consolidationNewly consolidated: 0 companies; excluded: 0 companies (23 consolidated companies, no change)
Material subsequent eventsEffective 1 April 2026, the Company conducted a 2-for-1 stock split of its common shares and, accordingly, increased the number of authorized shares from 79.5 million to 159 million.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥18 million, Gain on sale of investment securities ¥6,257 million / Extraordinary loss Losses on disposal of fixed assets ¥332 million, Provision for environmental measures ¥1,726 million, Impairment Loss on Investment Securities ¥97 million, Other ¥0 million
Depreciation and amortization¥5,612 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End56,206,996
Treasury Shares at Period-End1,211,576
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥142,908 million (YoY +3.4%) |
| Operating profit | ¥11,114 million (YoY +8.8%) |
| Ordinary income | ¥15,194 million (YoY +8.3%) |
| Profit attributable to owners of the parent | ¥14,178 million (YoY +9.6%) |
| Net income per share | ¥254.64 |
| Operating Margin | 7.8% |
| Equity ratio | End of the current fiscal period 72.5% / End of previous period 75.6% |
| Total assets | ¥230,076 million |
| Net assets | ¥167,738 million |
| Cash flows from operating activities | ¥10,043 million |
| Cash flows from investing activities | ¥-7,710 million |
| Cash flows from financing activities | ¥-1,544 million |
| Cash and cash equivalents at end of period | ¥13,460 million |
| Full-year earnings forecast | Net Sales ¥150,000 million (YoY +5.0%) / Operating profit ¥11,500 million (YoY +3.5%) / Ordinary income ¥15,000 million (YoY -1.3%) / Profit attributable to owners of the parent ¥14,500 million (YoY +2.3%) |
| Annual Dividend Forecast | 135 yen per share (on a pre-stock-split basis) → 200 yen per share (on a pre-stock-split basis)（+48.1%） |
| Payout ratio | 35.6% for the fiscal year ended March 2026; forecast 38.6% for the fiscal year ending March 2027 |
| Shareholder Return Policy | Consolidated payout ratio of at least 35% for the full year; progressive dividends with an annual dividend floor of ¥70 per share during the period of the 13th Medium-Term Management Plan, based on the post-stock-split share basis as of 1 April 2026; and a total payout ratio of at least 50% (on a cumulative three-year basis) |
| Segment revenue | Industrial Equipment ¥56,385 million (YoY -0.1%), Ceramic and Materials ¥50,035 million (YoY +10.0%), Engineering ¥29,757 million (YoY +2.4%), Tableware ¥6,730 million (YoY -6.5%) |
| Segment profit | Industrial Equipment ¥1,605 million (YoY -12.1%), Ceramic and Materials ¥8,324 million (YoY +23.8%), Engineering ¥1,828 million (YoY +5.9%), Tableware ¥-643 million |
| Regional sales | ¥78,187 million, ¥15,155 million, ¥1,940 million, ¥2,420 million, ¥44,205 million, ¥999 million |
| Depreciation and amortization | ¥5,612 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥18 million, Gain on sale of investment securities ¥6,257 million / Extraordinary loss Losses on disposal of fixed assets ¥332 million, Provision for environmental measures ¥1,726 million, Impairment Loss on Investment Securities ¥97 million, Other ¥0 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 | Newly consolidated: 0 companies; excluded: 0 companies (23 consolidated companies, no change) |
| Material subsequent events | Effective 1 April 2026, the Company conducted a 2-for-1 stock split of its common shares and, accordingly, increased the number of authorized shares from 79.5 million to 159 million. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 56,206,996 |
| Treasury Shares at Period-End | 1,211,576 |
| Factors Behind Changes in Business Performance | The expansion of production capacity for products serving growth markets, the reorganization of the business structure, and increases in sales and production volume contributed to higher profit. Factors reducing profit included demand fluctuations in the automotive and steel industries, among others, U.S. tariff policy, foreign exchange movements, higher raw material prices, and increased upfront costs for market development. |
Items this document does not state (3)
Revision to Earnings ForecastOrders received and order backlogImpairment loss
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.The Company expanded production capacity for products serving growth markets and reorganized its business structure, while demand fluctuations affected existing customers in the automotive and steel industries, among others. In Ceramics & Materials, increases in sales and production volume had an impact; in Industrial Equipment, the impact came from foreign exchange movements and U.S. tariff policy; and in Tableware, the decline in sales was compounded by higher raw material prices and increased upfront costs for market development.
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.