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Presentation materials for financial results5356MINO CERAMIC CO.,LTD.Construction and Materials

Earnings Presentation Materials for the Fiscal Year Ending March 2026

For the fiscal year ending March 2026, revenue and profit increased, driven by higher refractory shipments and strong plant construction orders. Although revenue exceeded the plan, profit items including operating profit fell short of plan.

Worth reading
70In 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
1096
¥ million (year-on-year increase in revenue)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal 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¥16,154 million+7.3%
Operating profit¥1,600 million+1.5%
Ordinary income¥1,689 million+0.5%
Net income¥1,250 million+2.7%
Operating profit margin9.9 %
Full-year earnings forecast
Net Sales
¥16,000 million
Operating profit
¥1,750 million
Ordinary income
¥1,850 million
Profit attributable to owners of the parent
¥1,300 million
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales101 %
Operating profit91.4 %
Ordinary income91.3 %
Profit attributable to owners of the parent96.2 %
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue met the initial plan, but profit plans for each business fell short
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in refractory shipments¥256 million
Selling price revisions¥33 million
Rise in raw material and fuel prices¥-73 million
Increase in personnel expenses¥-231 million
Decrease in Provision for Product Warranties¥28 million
Other¥11 million
New initiatives
  • Expand high-value-added products for markets other than cement
  • Increase kiln furniture production capacity
  • Strengthen the capital relationship with Nippon Crucible Co.,Ltd. and form a capital alliance with NIKKATO CORPORATION
  • Develop next-generation energy-saving furnaces and hydrogen combustion technology
  • Introduce a new sales and order management system and utilize generative AI in operations
  • Introduce a selective retirement age system
  • Expand the scope of the stock compensation trust system and introduce an RS system
Key KPIsA metric the company considers important as a management benchmark.
  • Equity ratio70.8 %
    Year on year against the same period last yearIncreased from 68.0%
  • D/E ratio0.09 times
  • ROE8.3 %
    Year on year against the same period last yearDecreased from 8.7%
  • ROS (ordinary profit margin)10.5 %
    Year on year against the same period last yearDecreased from 11.2%
  • Engagement score71 items
    Year on year against the same period last yearUp 2 points from the fiscal year ended March 2025
  • Female employee ratio17.3 %
    Year on year against the same period last yearIncreased from 16.7%
  • Percentage of Female Managers2.9 %
    Year on year against the same period last yearFlat at 2.9%
Segment results
Refractory ceramics
Net Sales
Fiscal year ending March 2025¥6,267 million
Fiscal year ending March 2026¥6,992 million
Year on year against the same period last year+11.6%
Segment profit
Fiscal year ending March 2025¥343 million
Fiscal year ending March 2026¥422 million
Year on year against the same period last year+23.0%
Plant
Net Sales
Fiscal year ending March 2025¥5,696 million
Fiscal year ending March 2026¥6,430 million
Year on year against the same period last year+12.9%
Segment profit
Fiscal year ending March 2025¥825 million
Fiscal year ending March 2026¥732 million
Year on year against the same period last year-11.2%
Building materials and paving materials
Net Sales
Fiscal year ending March 2025¥2,554 million
Fiscal year ending March 2026¥2,263 million
Year on year against the same period last year-11.4%
Segment profit
Fiscal year ending March 2025¥214 million
Fiscal year ending March 2026¥211 million
Year on year against the same period last year-1.4%
Real Estate Leasing
Net Sales
Fiscal year ending March 2025¥396 million
Fiscal year ending March 2026¥395 million
Year on year against the same period last year-0.3%
Segment profit
Fiscal year ending March 2025¥195 million
Fiscal year ending March 2026¥195 million
Year on year against the same period last year+0.3%
Other
Net Sales
Fiscal year ending March 2025¥143 million
Fiscal year ending March 2026¥71 million
Year on year against the same period last year-49.9%
Segment profit
Fiscal year ending March 2025¥28 million
Fiscal year ending March 2026¥20 million
Year on year against the same period last year-25.9%
Medium-term management plan targets
Fiscal year ending March 2028
Net Sales¥17,500 million ROE in %
Operating profit¥2,100 million ROE in %
ROE¥8.8 million ROE in %
Fiscal year ending March 2031
Net Sales¥22 billion+
Operating profit¥3 billion+
ROE10% or higher
Financial targets
ROE
Actual results for the fiscal year ending March 20268.3 %
Plan for the fiscal year ending March 20288.8 %
Equity ratio
Actual results as of March 202670.8 %
Debt-to-equity ratio
Actual results as of March 20260.09 times
Market Size / Share
Among the top companies in domestic cement refractories (figure not disclosed)
Number of employees
Consolidated346 People
Standalone279 People
Record dateEnd of March 2026
Capital expenditures
¥633 millions purchases of property, plant and equipment
Annual Dividend
Fiscal year ending March 2026
Annual¥52
Interim¥26
End of period¥26
Forecast for the fiscal year ending March 2027
Annual¥42
Payout ratio
Fiscal year ending March 202634.5 %
Plan for the fiscal year ending March 2028Approximately 40%
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥16,154 million (YoY +7.3%)
Operating profit¥1,600 million (YoY +1.5%)
Ordinary income¥1,689 million (YoY +0.5%)
Net income¥1,250 million (YoY +2.7%)
Operating profit margin9.9 %
Full-year earnings forecastNet Sales ¥16,000 million / Operating profit ¥1,750 million / Ordinary income ¥1,850 million / Profit attributable to owners of the parent ¥1,300 million
Progress against full-year forecastNet Sales 101 % / Operating profit 91.4 % / Ordinary income 91.3 % / Profit attributable to owners of the parent 96.2 %
Self-assessment against the planRevenue met the initial plan, but profit plans for each business fell short
Segment resultsRefractory ceramics Net Sales Fiscal year ending March 2025 ¥6,267 million / Fiscal year ending March 2026 ¥6,992 million / yoy_pct ¥11.6 million / Segment profit Fiscal year ending March 2025 ¥343 million / Fiscal year ending March 2026 ¥422 million / yoy_pct ¥23 million / Plant Net Sales Fiscal year ending March 2025 ¥5,696 million / Fiscal year ending March 2026 ¥6,430 million / yoy_pct ¥12.9 million / Segment profit Fiscal year ending March 2025 ¥825 million / Fiscal year ending March 2026 ¥732 million / yoy_pct ¥-11.2 million / Building materials and paving materials Net Sales Fiscal year ending March 2025 ¥2,554 million / Fiscal year ending March 2026 ¥2,263 million / yoy_pct ¥-11.4 million / Segment profit Fiscal year ending March 2025 ¥214 million / Fiscal year ending March 2026 ¥211 million / yoy_pct ¥-1.4 million / Real Estate Leasing Net Sales Fiscal year ending March 2025 ¥396 million / Fiscal year ending March 2026 ¥395 million / yoy_pct ¥-0.3 million / Segment profit Fiscal year ending March 2025 ¥195 million / Fiscal year ending March 2026 ¥195 million / yoy_pct ¥0.3 million / Other Net Sales Fiscal year ending March 2025 ¥143 million / Fiscal year ending March 2026 ¥71 million / yoy_pct ¥-49.9 million / Segment profit Fiscal year ending March 2025 ¥28 million / Fiscal year ending March 2026 ¥20 million / yoy_pct ¥-25.9 million
Breakdown of Factors Affecting the ChangeIncrease in refractory shipments ¥256 million / Selling price revisions ¥33 million / Rise in raw material and fuel prices ¥-73 million / Increase in personnel expenses ¥-231 million / Decrease in Provision for Product Warranties ¥28 million / Other ¥11 million
Key KPIsIndicator name Equity ratio / Value 70.8 % / Year on year against the same period last year Increased from 68.0%, Indicator name D/E ratio / Value 0.09 times / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 8.3 % / Year on year against the same period last year Decreased from 8.7%, Indicator name ROS (ordinary profit margin) / Value 10.5 % / Year on year against the same period last year Decreased from 11.2%, Indicator name Engagement score / Value 71 items / Year on year against the same period last year Up 2 points from the fiscal year ended March 2025, Indicator name Female employee ratio / Value 17.3 % / Year on year against the same period last year Increased from 16.7%, Indicator name Percentage of Female Managers / Value 2.9 % / Year on year against the same period last year Flat at 2.9%
Number of employeesConsolidated 346 People / Standalone 279 People / Record date End of March 2026
Medium-term management plan targetsFiscal year ending March 2028 Net Sales ¥17,500 million (ROE in %) / Operating profit ¥2,100 million (ROE in %) / ROE ¥8.8 million (ROE in %) / Fiscal year ending March 2031 Net Sales ¥22 billion+ / Operating profit ¥3 billion+ / ROE 10% or higher
Financial targetsROE Actual results for the fiscal year ending March 2026 8.3 % / Plan for the fiscal year ending March 2028 8.8 % / Equity ratio Actual results as of March 2026 70.8 % / Debt-to-equity ratio Actual results as of March 2026 0.09 times
Annual DividendFiscal year ending March 2026 Annual ¥52 / Interim ¥26 / End of period ¥26 / Forecast for the fiscal year ending March 2027 Annual ¥42
Payout ratioFiscal year ending March 2026 34.5 % / Plan for the fiscal year ending March 2028 Approximately 40%
Capital expenditures¥633 millions (purchases of property, plant and equipment)
Market Size / ShareAmong the top companies in domestic cement refractories (figure not disclosed)
New initiativesExpand high-value-added products for markets other than cement, Increase kiln furniture production capacity, Strengthen the capital relationship with Nippon Crucible Co.,Ltd. and form a capital alliance with NIKKATO CORPORATION, Develop next-generation energy-saving furnaces and hydrogen combustion technology, Introduce a new sales and order management system and utilize generative AI in operations, Introduce a selective retirement age system, Expand the scope of the stock compensation trust system and introduce an RS system
Items this document does not state (10)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesOrders received and order backlogKey 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.

In the Refractory Ceramics business, revenue growth was supported by developing markets other than cement and revising prices, while strong performance in the construction division contributed to revenue growth in the Plant business. Although raw material and fuel prices rose and labor costs increased due to wage hikes, the Company focused on price revisions and productivity improvements. The Building Materials and Paving Materials business was affected by a decline in public works orders.

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Earnings Presentation Materials for the Fiscal Year Ending March 2026 | MINO CERAMIC CO.,LTD. (5356) timely disclosure | Komori