Worth reading
67In focus
Scored from 5 of 6 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
-1781
¥ million (year-on-year decrease in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales51,103¥ millionYear on year +0.1%Progress 73.4%
Operating profit923¥ millionYear on year -65.9%Progress 76.9%
Ordinary income1,113¥ millionYear on year -57.2%Progress 74.2%
Net income attributable to owners of the parent1,275¥ millionYear on year -26.4%Progress 141.7%
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. 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¥47.08
Operating Margin1.8%
Financial position at period-end
Total assets84,579¥ million
of which net assets 75,736 ¥ millionEquity ratio 88.6%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.
Cash inflows and outflows
Operating-5,839
Investment+7
Financials-2,750
Net change-8,582
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).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¥12,856 million
Segment revenueSteel-related business ¥48,346 million, Rental Business ¥785 million, Logistics ¥503 million, Engineering Business ¥1,468 million
Segment profitSteel-related business ¥547 million, Rental Business ¥122 million, Logistics ¥114 million, Engineering Business ¥66 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥69,600 million (YoY +36.2%)
Operating profit¥1,200 million (YoY +30.0%)
Ordinary income¥1,500 million (YoY +34.7%)
Net income¥900 million (YoY -29.4%)
Annual Dividend Forecast¥104 → ¥113
Payout ratioFiscal year ending March 2026 220.9% / Forecast for the fiscal year ending March 2027 340.1%
Shareholder Return PolicyDividend on equity (DOE) of at least 3.5%
Factors Behind Changes in Business Performance
Domestic steel demand remained sluggish, and deteriorating market conditions led to a decline in selling prices for heavy plate. Although production and order-taking activities normalized following the restoration of the new electric furnace, and sales volume increased, the decline in selling prices exceeded the decline in iron scrap prices, resulting in a narrower metal spread.
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 consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsAt a meeting of the Board of Directors held on 12 May 2026, the company resolved to acquire treasury shares. The company will conduct market purchases from 14 May to 30 November 2026, with an upper limit of 900,000 common shares and a maximum total acquisition cost of ¥1,700 million.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥482 million, Insurance proceeds received ¥219 million, Gain on sale of non-current assets ¥27 million / Extraordinary loss No applicable matters
Depreciation and amortization¥2,159 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End28,000,000 shares
Treasury Shares at Period-End908,678 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥51,103 million (YoY +0.1%) |
| Operating profit | ¥923 million (YoY -65.9%) |
| Ordinary income | ¥1,113 million (YoY -57.2%) |
| Profit attributable to owners of the parent | ¥1,275 million (YoY -26.4%) |
| Net income per share | ¥47.08 |
| Operating Margin | 1.8% |
| Equity ratio | End of the current fiscal period 88.6% / End of previous period 89.0% |
| Total assets | ¥84,579 million |
| Net assets | ¥75,736 million |
| Cash flows from operating activities | ¥-5,839 million |
| Cash flows from investing activities | ¥7 million |
| Cash flows from financing activities | ¥-2,750 million |
| Cash and cash equivalents at end of period | ¥12,856 million |
| Full-year earnings forecast | Net Sales ¥69,600 million (YoY +36.2%) / Operating profit ¥1,200 million (YoY +30.0%) / Ordinary income ¥1,500 million (YoY +34.7%) / Net income ¥900 million (YoY -29.4%) |
| Annual Dividend Forecast | ¥104 → ¥113 |
| Payout ratio | Fiscal year ending March 2026 220.9% / Forecast for the fiscal year ending March 2027 340.1% |
| Shareholder Return Policy | Dividend on equity (DOE) of at least 3.5% |
| Segment revenue | Steel-related business ¥48,346 million, Rental Business ¥785 million, Logistics ¥503 million, Engineering Business ¥1,468 million |
| Segment profit | Steel-related business ¥547 million, Rental Business ¥122 million, Logistics ¥114 million, Engineering Business ¥66 million |
| Depreciation and amortization | ¥2,159 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥482 million, Insurance proceeds received ¥219 million, Gain on sale of non-current assets ¥27 million / Extraordinary loss No applicable matters |
| 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 | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | At a meeting of the Board of Directors held on 12 May 2026, the company resolved to acquire treasury shares. The company will conduct market purchases from 14 May to 30 November 2026, with an upper limit of 900,000 common shares and a maximum total acquisition cost of ¥1,700 million. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts) |
| Issued Shares at Period-End | 28,000,000 shares |
| Treasury Shares at Period-End | 908,678 shares |
| Factors Behind Changes in Business Performance | Domestic steel demand remained sluggish, and deteriorating market conditions led to a decline in selling prices for heavy plate. Although production and order-taking activities normalized following the restoration of the new electric furnace, and sales volume increased, the decline in selling prices exceeded the decline in iron scrap prices, resulting in a narrower metal spread. |
Items this document does not state (4)
Revision to Earnings ForecastRegional 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.Domestic steel demand remained sluggish, while deteriorating market conditions caused selling prices to decline. Although the company worked to stabilize operations at its new electric furnace, improve productivity and recover orders through sales activities, the decline in selling prices exceeded the decline in iron scrap prices, resulting in a narrower metal spread.
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.