Komori
Earnings5381Mipox CorporationConstruction and Materials

Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

In the first quarter, revenue and operating profit exceeded the year-earlier period, driven by demand related to data centers and optical fiber, among other factors, and net income turned positive from a loss. The full-year operating profit forecast was revised upward by ¥300 million, from ¥900 million to ¥1,200 million.

Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
300
¥ million (increase in operating income forecast)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales3,247¥ millionYear on year +20.5%Progress 25.0%
Operating profit373¥ millionYear on year +343.4%Progress 31.1%
Ordinary income408¥ millionProgress 34.0%
Net income attributable to owners of the parent246¥ millionProgress 27.3%

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¥17.71
Financial position at period-end
Total assets18,232¥ million
of which net assets 9,093 ¥ millionEquity ratio 49.9%vs. prior year-end +0.4pt

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.

Segment revenue
Products Business3,073,77894.7%+23.6%
Contract Manufacturing Business173,3235.3%-16.1%
Segment profit
Products Business426,177+165.0%
Contract Manufacturing Business-52,799
Regional sales
Japan1,304,78140.2%
Asia1,267,36439.0%
North America643,48719.8%
Europe27,7050.9%
Other regions3,7620.1%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥13,000 million (YoY +7.8%)
Operating profit¥1,200 million (YoY +107.1%)
Ordinary income¥1,200 million (YoY +95.5%)
Net income¥900 million (YoY +78.0%)
Revision to Earnings ForecastNet Sales ¥13,000 million → ¥13,000 million / Operating profit ¥900 million → ¥1,200 million(+33.3%) / Ordinary income ¥900 million → ¥1,200 million(+33.3%) / Net income ¥700 million → ¥900 million(+28.6%)
Annual Dividend Forecast¥10 → ¥10
Factors Behind Changes in Business Performance

The Product Business recorded higher revenue and profit as a result of strong performance in the data network field against a backdrop of AI and data center investment, robust demand related to optical fiber, recovery in HDD- and semiconductor-related markets, and stable sales of general polishing-related products. The Contract Business recorded lower revenue as mass-production projects declined because of higher material costs and changes in customer trends, but the loss narrowed because fixed costs were contained through the redeployment of personnel and equipment to the Product Business.

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 consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsEffective 1 August 2026, the company acquired shares in Sanko Chemical Industry Co., Ltd. and made it a subsidiary. The voting rights acquired totaled 64.01%, and the acquisition cost was ¥224,050 thousand.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥10,012 thousand / Extraordinary loss Loss on sale of investment securities ¥368 thousand, Loss on Disposal of Fixed Assets ¥2,372 thousand
Depreciation and amortization¥173,741 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End14,451,920
Treasury Shares at Period-End520,103
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥3,247 million (YoY +20.5%)
Operating profit¥373 million (YoY +343.4%)
Ordinary income¥408 million
Profit attributable to owners of the parent¥246 million
Net income per share¥17.71
Equity ratioEnd of the current fiscal period 49.9% / End of previous period 49.5%
Total assets¥18,232 million
Net assets¥9,093 million
Full-year earnings forecastNet Sales ¥13,000 million (YoY +7.8%) / Operating profit ¥1,200 million (YoY +107.1%) / Ordinary income ¥1,200 million (YoY +95.5%) / Net income ¥900 million (YoY +78.0%)
Revision to Earnings ForecastNet Sales ¥13,000 million → ¥13,000 million / Operating profit ¥900 million → ¥1,200 million(+33.3%) / Ordinary income ¥900 million → ¥1,200 million(+33.3%) / Net income ¥700 million → ¥900 million(+28.6%)
Annual Dividend Forecast¥10 → ¥10
Segment revenueProducts Business ¥3,073,778 thousand (YoY +23.6%) / Contract Manufacturing Business ¥173,323 thousand (YoY -16.1%)
Segment profitProducts Business ¥426,177 thousand (YoY +165.0%) / Contract Manufacturing Business ¥-52,799 thousand
Regional salesJapan ¥1,304,781 thousand / Asia ¥1,267,364 thousand / North America ¥643,487 thousand / Europe ¥27,705 thousand / Other regions ¥3,762 thousand
Depreciation and amortization¥173,741 thousand
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥10,012 thousand / Extraordinary loss Loss on sale of investment securities ¥368 thousand, Loss on Disposal of Fixed Assets ¥2,372 thousand
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsEffective 1 August 2026, the company acquired shares in Sanko Chemical Industry Co., Ltd. and made it a subsidiary. The voting rights acquired totaled 64.01%, and the acquisition cost was ¥224,050 thousand.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End14,451,920
Treasury Shares at Period-End520,103
Factors Behind Changes in Business PerformanceThe Product Business recorded higher revenue and profit as a result of strong performance in the data network field against a backdrop of AI and data center investment, robust demand related to optical fiber, recovery in HDD- and semiconductor-related markets, and stable sales of general polishing-related products. The Contract Business recorded lower revenue as mass-production projects declined because of higher material costs and changes in customer trends, but the loss narrowed because fixed costs were contained through the redeployment of personnel and equipment to the Product Business.
Items this document does not state (9)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyOrders 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.

Strong performance in the data network field against a backdrop of AI and data center investment, increased demand related to optical fiber, recovery in HDD- and semiconductor-related markets, and stable sales of general polishing-related products contributed to higher revenue and profit in the Product Business. In the Contract Business, mass-production projects declined because of higher material costs and changes in customer trends. The company states in this earnings report that the reasons for revising the full-year earnings forecast should be referred to in separately disclosed materials, and specific reasons are not provided.

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Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Mipox Corporation (5381) timely disclosure | Komori