Worth reading
61In 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
3008
¥ millionWording
Conditional
How definitive the wording is.Contents of this document
Supplementary materials to the earnings reportFirst quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,051 million+25.0%
Operating profit¥-312 million
Ordinary income¥-162 million
Net income¥-125 million
Gross Profit Margin7.0%
Operating profit margin-2.1%
Selling, general and administrative expenses¥1,370 million
Results for the three months of the current quarter
Net Sales
¥15,051 million
Operating profit (loss)
¥-312 million
Ordinary profit or loss
¥-162 million
Quarterly profit attributable to owners of the parent
¥-125 million
Full-year earnings forecast
Net Sales
¥69,600 million
Operating profit
¥1,200 million
Ordinary income
¥1,500 million
Profit attributable to owners of the parent
¥900 million
Earnings per share
¥33.22
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Increase in sales volume394
Lower selling prices-745
Manufacturing cost reduction1,491
Increase in steel scrap prices-1,635
Sales freight charges190
Other-159
Inventory price impact1,228
Effects of increased production276
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Selling Prices¥5,000/tonne price increase from contracts for July 2026, bringing the cumulative increase since December 2025 to ¥15,000/tonne
H2 scrap benchmark pricePlan and actual results shown in the chart; figures are provided in the chart
Steel product sales volumeFull-year plan and actual results shown in the chart; figures are provided in the chart
New initiatives
- Additional ¥5,000/tonne price increase from contracts for July 2026
- Dividend policy based on a DOE of at least 3.5%
- Share repurchases of up to 900,000 shares
- Capital policy aimed at reducing consolidated equity to approximately ¥70 billion by the end of fiscal 2027
Key KPIsA metric the company considers important as a management benchmark.
- Steel product sales volumeYear on year against the same period last year+35.4%
- Steel product selling priceYear on year against the same period last year-5.6%
- H2 scrap benchmark price
- Equity ratio87.4 %
- DOE (dividend on equity)3.5 % or higher
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume
Year on year against the same period last year+35.4%
Selling price
Year on year against the same period last year-5.6%
Segment results
Steel-related business
Net Sales
¥14,312 million+25.7%
Operating profit (loss)
¥-415 million
Rental Business
Net Sales
¥218 million+13.0%
Operating profit (loss)
¥33 million+62.7%
Logistics
Net Sales
¥139 million+7.5%
Operating profit (loss)
¥37 million+36.4%
Engineering Business
Net Sales
¥380 million+14.4%
Operating profit (loss)
¥10 million+462.6%
Medium-term management plan targets
DOE3.5% or higher
Consolidated equityApproximately ¥70 billion by the end of fiscal 2027
Comparison with actual resultsConsolidated equity of ¥74.9 billion as of the end of March 2026
Annual Dividend
Annual Dividend
¥113 per share
Interim
¥56 per share
End of period
¥57 per share
Payout ratio
not disclosed (DOE of at least 3.5%)Acquisition of treasury shares
Number of SharesUp to 900,000 shares
| Item | Details |
|---|---|
| Document type | Supplementary materials to the earnings report |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥15,051 million (YoY +25.0%) |
| Operating profit | ¥-312 million |
| Ordinary income | ¥-162 million |
| Net income | ¥-125 million |
| Gross Profit Margin | 7.0% |
| Operating profit margin | -2.1% |
| Selling, general and administrative expenses | ¥1,370 million |
| Results for the three months of the current quarter | Net Sales ¥15,051 million / Operating profit (loss) ¥-312 million / Ordinary profit or loss ¥-162 million / Quarterly profit attributable to owners of the parent ¥-125 million |
| Full-year earnings forecast | Net Sales ¥69,600 million / Operating profit ¥1,200 million / Ordinary income ¥1,500 million / Profit attributable to owners of the parent ¥900 million / Earnings per share ¥33.22 |
| Segment results | Steel-related business Net Sales ¥14,312 million (YoY +25.7%) / Operating profit (loss) ¥-415 million / Rental Business Net Sales ¥218 million (YoY +13.0%) / Operating profit (loss) ¥33 million (YoY +62.7%) / Logistics Net Sales ¥139 million (YoY +7.5%) / Operating profit (loss) ¥37 million (YoY +36.4%) / Engineering Business Net Sales ¥380 million (YoY +14.4%) / Operating profit (loss) ¥10 million (YoY +462.6%) |
| Breakdown of Factors Affecting the Change | Increase in sales volume 394 / Lower selling prices -745 / Manufacturing cost reduction 1,491 / Increase in steel scrap prices -1,635 / Sales freight charges 190 / Other -159 / Inventory price impact 1,228 / Effects of increased production 276 |
| Key KPIs | Indicator name Steel product sales volume / value Not disclosed / Year on year against the same period last year 35.4 10,000 tonnes, Indicator name Steel product selling price / value Not disclosed / Year on year against the same period last year -5.6 Year on year, Indicator name H2 scrap benchmark price / value Not disclosed / Year on year against the same period last year Not disclosed, Equity ratio 87.4 %, DOE (dividend on equity) 3.5 % or higher |
| Unit price and quantity metrics | Sales volume value Not disclosed / Year on year against the same period last year 35.4 10,000 tonnes / Selling price value Not disclosed / Year on year against the same period last year -5.6 Year on year |
| Assumptions Underlying the Business Outlook | Selling Prices ¥5,000/tonne price increase from contracts for July 2026, bringing the cumulative increase since December 2025 to ¥15,000/tonne / H2 scrap benchmark price Plan and actual results shown in the chart; figures are provided in the chart / Steel product sales volume Full-year plan and actual results shown in the chart; figures are provided in the chart |
| Medium-term management plan targets | DOE 3.5% or higher / Consolidated equity Approximately ¥70 billion by the end of fiscal 2027 / Comparison with actual results Consolidated equity of ¥74.9 billion as of the end of March 2026 |
| Annual Dividend | Annual Dividend ¥113 per share / Interim ¥56 per share / End of period ¥57 per share |
| Payout ratio | not disclosed (DOE of at least 3.5%) |
| Acquisition of treasury shares | Number of Shares Up to 900,000 shares / Period Not disclosed / Amount Not disclosed |
| New initiatives | Additional ¥5,000/tonne price increase from contracts for July 2026, Dividend policy based on a DOE of at least 3.5%, Share repurchases of up to 900,000 shares, Capital policy aimed at reducing consolidated equity to approximately ¥70 billion by the end of fiscal 2027 |
Items this document does not state (10)
Progress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsCapital expendituresOrders 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.Sales volumes increased due to stepped-up sales efforts in the construction materials sector and the capture of overseas demand, while the metal spread narrowed because of soaring steel scrap prices and declining selling prices.
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.