Worth reading
65In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
35
¥100 million (year-on-year decline in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFY2025 (fiscal year ending March 2026)8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,483 Hundreds of millions of yen-12.4%
Operating profit49 Hundreds of millions of yen-41.7%
Ordinary income48 Hundreds of millions of yen-40.7%
Net income25 Hundreds of millions of yen-56.1%
Operating profit margin3.2 %
Full-year earnings forecast
Net Sales
1,570 Hundreds of millions of yen
Operating profit
34 Hundreds of millions of yen
Ordinary income
20 Hundreds of millions of yen
Net income
35 Hundreds of millions of yen
Annual Dividend
¥20 per share
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Change in ordinary profitSales volume -¥2.1 billion, selling prices -¥8.1 billion, major raw material prices +¥6.6 billion, spread -¥1.5 billion, fixed costs -¥0.6 billion, inventory impact +¥1.4 billion, other -¥0.5 billion (including substation accident impact of -¥0.8 billion)
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Qualitative assumptions include increased sales volume, higher selling prices, rising raw material and other costs, and supply uncertainty resulting from geopolitical risks. Numerical assumptions: Not disclosedNew initiatives
Sale of land to secure funds for construction of a new electric furnace, investment toward construction of the new electric furnace, and new sales initiativesKey KPIsA metric the company considers important as a management benchmark.
- ROS3.2 %Year on year against the same period last year-1.6%
- Equity ratio71.6 %Year on year against the same period last year±0.0pt
Financial targets
Targeting a consolidated dividend payout ratio of at least 30%Capital expenditures
¥52 100 million acquisition of fixed assets, FY2025
Annual Dividend
FY2025
¥14 per share
Interim8
End of period6
FY2026 forecast
¥20 per share
Interim13
End of period7
Payout ratio
Targeting a consolidated dividend payout ratio of at least 30%| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | FY2025 (fiscal year ending March 2026) |
| Net Sales | 1,483 Hundreds of millions of yen (YoY -12.4%) |
| Operating profit | 49 Hundreds of millions of yen (YoY -41.7%) |
| Ordinary income | 48 Hundreds of millions of yen (YoY -40.7%) |
| Net income | 25 Hundreds of millions of yen (YoY -56.1%) |
| Operating profit margin | 3.2 % |
| Full-year earnings forecast | Net Sales 1,570 Hundreds of millions of yen / Operating profit 34 Hundreds of millions of yen / Ordinary income 20 Hundreds of millions of yen / Net income 35 Hundreds of millions of yen / Annual Dividend ¥20 per share |
| Breakdown of Factors Affecting the Change | Change in ordinary profit Sales volume -¥2.1 billion, selling prices -¥8.1 billion, major raw material prices +¥6.6 billion, spread -¥1.5 billion, fixed costs -¥0.6 billion, inventory impact +¥1.4 billion, other -¥0.5 billion (including substation accident impact of -¥0.8 billion) |
| Key KPIs | Indicator name ROS / Value 3.2 % / Year on year against the same period last year -1.6 %, Indicator name Equity ratio / Value 71.6 % / Year on year against the same period last year ±0.0pt |
| Assumptions Underlying the Business Outlook | Qualitative assumptions include increased sales volume, higher selling prices, rising raw material and other costs, and supply uncertainty resulting from geopolitical risks. Numerical assumptions: Not disclosed |
| Financial targets | Targeting a consolidated dividend payout ratio of at least 30% |
| Annual Dividend | FY2025 ¥14 per share / FY2026 forecast ¥20 per share |
| Payout ratio | Targeting a consolidated dividend payout ratio of at least 30% |
| Capital expenditures | ¥52 100 million (acquisition of fixed assets, FY2025) |
| New initiatives | Sale of land to secure funds for construction of a new electric furnace, investment toward construction of the new electric furnace, and new sales initiatives |
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesThree months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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 FY2025, weak domestic demand, inflows of low-priced imported steel products, lower selling prices, and the suspension of the electric furnace, production reduction costs, switching to alternative iron sources, and equipment repair costs associated with the substation accident reduced profit. For FY2026, the outlook incorporates an expected increase in sales volume and higher selling prices, as well as rising raw material and other costs and concerns over supply uncertainty and additional cost increases resulting from geopolitical risks.
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.