Worth reading
63In 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
84.7
Year-on-year change in operating profit (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAPNet Sales49,785¥ millionYear on year +3.9%Progress 24.9%
Operating profit453¥ millionYear on year -84.7%Progress 7.0%
Ordinary income982¥ millionYear on year -73.4%Progress 14.0%
Net income attributable to owners of the parent669¥ millionYear on year -77.2%Progress 15.6%
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¥45.77
Financial position at period-end
Total assets256,011¥ million
of which net assets 141,904 ¥ millionEquity ratio 55.3%vs. prior year-end -1.0pt
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 revenueSteel business ¥45,411 million (YoY +2.7%), Agricultural Materials Business ¥3,388 million (YoY +31.6%)
Segment profitSteel business ¥974 million (YoY -73.3%), Agricultural Materials Business ¥28 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥200,000 million (YoY +4.3%)
Operating profit¥6,500 million (YoY -33.8%)
Ordinary income¥7,000 million (YoY -36.9%)
Net income¥4,300 million (YoY -46.6%)
Revision to Earnings ForecastNot disclosed → Not disclosed
Annual Dividend Forecast¥180 → ¥100（-44.4%）
Payout ratioApproximately 30%
Shareholder Return PolicyFor the five-year period from the fiscal year ending March 2027 through the fiscal year ending March 2031, the annual dividend per share will have a floor of ¥100, with a consolidated dividend payout ratio of approximately 30% as a guideline.
Factors Behind Changes in Business Performance
Revenue increased due in part to higher exports amid weak domestic demand, but profit declined because of the time lag before improved selling prices were reflected in shipment prices and persistently high iron scrap prices.
Disclosure regarding the going concern assumption
No applicable matters.
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 consolidationNo (0 additions, 0 exclusions)
Material subsequent eventsAt a meeting of the Board of Directors held on 31 July 2026, the Company resolved to acquire treasury shares, with an upper limit of 257,000 common shares and a total acquisition cost of ¥900 million. The acquisition period is from 3 August to 31 October 2026.
Breakdown of extraordinary income (loss)Gain on sale of investment securities ¥236 million, Loss on Disposal of Fixed Assets ¥149 million
Depreciation and amortization¥1,240 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End17,145,211 shares
Treasury Shares at Period-End2,521,609 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥49,785 million (YoY +3.9%) |
| Operating profit | ¥453 million (YoY -84.7%) |
| Ordinary income | ¥982 million (YoY -73.4%) |
| Profit attributable to owners of the parent | ¥669 million (YoY -77.2%) |
| Net income per share | ¥45.77 |
| Equity ratio | End of the current fiscal period 55.3% / End of previous period 56.3% |
| Total assets | ¥256,011 million |
| Net assets | ¥141,904 million |
| Full-year earnings forecast | Net Sales ¥200,000 million (YoY +4.3%) / Operating profit ¥6,500 million (YoY -33.8%) / Ordinary income ¥7,000 million (YoY -36.9%) / Net income ¥4,300 million (YoY -46.6%) |
| Revision to Earnings Forecast | Not disclosed → Not disclosed |
| Annual Dividend Forecast | ¥180 → ¥100（-44.4%） |
| Payout ratio | Approximately 30% |
| Shareholder Return Policy | For the five-year period from the fiscal year ending March 2027 through the fiscal year ending March 2031, the annual dividend per share will have a floor of ¥100, with a consolidated dividend payout ratio of approximately 30% as a guideline. |
| Segment revenue | Steel business ¥45,411 million (YoY +2.7%), Agricultural Materials Business ¥3,388 million (YoY +31.6%) |
| Segment profit | Steel business ¥974 million (YoY -73.3%), Agricultural Materials Business ¥28 million |
| Depreciation and amortization | ¥1,240 million |
| Breakdown of extraordinary income (loss) | Gain on sale of investment securities ¥236 million, Loss on Disposal of Fixed Assets ¥149 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| 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 | No (0 additions, 0 exclusions) |
| Material subsequent events | At a meeting of the Board of Directors held on 31 July 2026, the Company resolved to acquire treasury shares, with an upper limit of 257,000 common shares and a total acquisition cost of ¥900 million. The acquisition period is from 3 August to 31 October 2026. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 17,145,211 shares |
| Treasury Shares at Period-End | 2,521,609 shares |
| Factors Behind Changes in Business Performance | Revenue increased due in part to higher exports amid weak domestic demand, but profit declined because of the time lag before improved selling prices were reflected in shipment prices and persistently high iron scrap prices. |
Items this document does not state (8)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodRegional salesOrders 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.Revenue increased as exports grew amid weak domestic demand. However, a time lag before improved selling prices were reflected in shipment prices, together with persistently high iron scrap prices and high energy and procurement costs resulting from the weaker yen, weighed on profit.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.