Worth reading
59In focus
Scored from 3 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Results for this period
Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAPNet Sales15,633,043¥ thousandYear on year -2.7%
Operating profit1,861,344¥ thousandYear on year -2.3%
Ordinary income2,147,871¥ thousandYear on year -6.7%
Net income attributable to owners of the parent1,441,700¥ thousandYear on year +5.7%
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.
Financial position at period-end
Total assets73,767,618¥ thousand
of which net assets 59,009,343 ¥ thousand
The shaded area represents net assets as a proportion of total assets. It is calculated from the two amounts reported by the company.
Cash inflows and outflows
Operating+1,758,021
Investment-1,292,867
Financials-759,544
Net change-294,390
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).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¥13,921,828 thousand
Segment revenue
Japan10,334,60966.1%-7.5%
North America2,072,53413.3%-0.8%
Europe2,612,81716.7%+16.2%
Asia446,2312.9%+5.8%
Other166,8501.1%+15.5%
Segment profit
Japan1,435,40272.6%-19.4%
North America186,4269.4%+68.4%
Europe264,39313.4%+53.2%
Asia41,7502.1%-9.3%
Other48,9042.5%-15.7%
Regional sales
Japan10,334,60966.1%-7.5%
North America2,072,53413.3%-0.8%
Europe2,612,81716.7%+16.2%
Asia446,2312.9%+5.8%
Other166,8501.1%+15.5%
Outlook and shareholder returns
Revision to Earnings ForecastNo change
Factors Behind Changes in Business Performance
Amid limited growth in domestic crude steel production, demand for refractories for steelmaking remained generally firm. Cost of sales decreased, but selling, general and administrative expenses increased.
Disclosure regarding the going concern assumption
No applicable matters. The filing states, “There are no applicable matters.”
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥596 thousand, Gain on sale of investment securities ¥0 thousand / Extraordinary loss Loss on disposal of fixed assets ¥10,900 thousand, Loss on valuation of golf membership rights ¥50 thousand
Depreciation and amortization¥565,644 thousand
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | ¥15,633,043 thousand (YoY -2.7%) |
| Operating profit | ¥1,861,344 thousand (YoY -2.3%) |
| Ordinary income | ¥2,147,871 thousand (YoY -6.7%) |
| Profit attributable to owners of the parent | ¥1,441,700 thousand (YoY +5.7%) |
| Total assets | ¥73,767,618 thousand |
| Net assets | ¥59,009,343 thousand |
| Cash flows from operating activities | ¥1,758,021 thousand |
| Cash flows from investing activities | ¥-1,292,867 thousand |
| Cash flows from financing activities | ¥-759,544 thousand |
| Cash and cash equivalents at end of period | ¥13,921,828 thousand |
| Revision to Earnings Forecast | No change |
| Segment revenue | Japan ¥10,334,609 thousand (YoY -7.5%) / North America ¥2,072,534 thousand (YoY -0.8%) / Europe ¥2,612,817 thousand (YoY +16.2%) / Asia ¥446,231 thousand (YoY +5.8%) / Other ¥166,850 thousand (YoY +15.5%) |
| Segment profit | Japan ¥1,435,402 thousand (YoY -19.4%) / North America ¥186,426 thousand (YoY +68.4%) / Europe ¥264,393 thousand (YoY +53.2%) / Asia ¥41,750 thousand (YoY -9.3%) / Other ¥48,904 thousand (YoY -15.7%) |
| Regional sales | Japan ¥10,334,609 thousand (YoY -7.5%) / North America ¥2,072,534 thousand (YoY -0.8%) / Europe ¥2,612,817 thousand (YoY +16.2%) / Asia ¥446,231 thousand (YoY +5.8%) / Other ¥166,850 thousand (YoY +15.5%) |
| Depreciation and amortization | ¥565,644 thousand |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥596 thousand, Gain on sale of investment securities ¥0 thousand / Extraordinary loss Loss on disposal of fixed assets ¥10,900 thousand, Loss on valuation of golf membership rights ¥50 thousand |
| Disclosure regarding the going concern assumption | No applicable matters. The filing states, “There are no applicable matters.” |
| Factors Behind Changes in Business Performance | Amid limited growth in domestic crude steel production, demand for refractories for steelmaking remained generally firm. Cost of sales decreased, but selling, general and administrative expenses increased. |
Items this document does not state (16)
Net income per shareOperating MarginEquity ratioFull-year earnings forecastAnnual Dividend ForecastPayout ratioShareholder Return PolicyOrders received and order backlogImpairment lossChange in accounting policyChanges in the scope of consolidationMaterial subsequent eventsAvailability of Supplementary Financial Results MaterialsAvailability of Financial Results BriefingIssued Shares at Period-EndTreasury Shares at Period-End
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.Amid limited growth in domestic crude steel production, demand for refractories for steelmaking remained generally firm, but revenue declined. Operating profit declined because selling, general and administrative expenses increased despite a decrease in cost of sales.
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.