Worth reading
64In 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
-903
¥ million (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Supplementary Materials to the Earnings ReportFiscal year ending March 2027, second quarter (first half)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥29,164 million+25.4%
Operating profit¥-343 million
Ordinary income¥-139 million
Net income¥-121 million
Gross Profit Margin7.8%
Operating profit margin-1.2%
Selling, general and administrative expenses¥2,630 million
Results for the three months of the current quarter
Net Sales
¥14,113 million
Operating profit (loss)
¥-30 million
Ordinary profit or loss
¥-162 million
Quarterly profit attributable to owners of the parent
¥-125 million
Full-year earnings forecast
Net Sales
¥69,400 million
Operating profit
¥800 million
Ordinary income
¥600 million
Profit attributable to owners of the parent
¥300 million
Earnings per share
11.3 Yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Lower selling prices-458
Increase in sales volume2,336
Manufacturing cost reduction643
Increase in steel scrap prices-3,187
Increase in delivery expenses-303
Non-Operating Income and Expenses111
Other-125
New initiatives
- Additional price increase of ¥5,000 per tonne for steel products from contracts signed in November 2026
- Enhanced shareholder returns based on a DOE of 3.5% or higher
- Reduce consolidated shareholders' 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 volume30.6 % year on yearYear on year against the same period last year+30.6%
- Steel product selling price-2.3 % year on yearYear on year against the same period last year-2.3%
- Equity ratio87.6 %Year on year against the same period last year-1.1 percentage points from the end of March 2026
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume+30.6% year on year
Selling price-2.3% year on year
Segment results
Steel-related business
Net Sales
¥27,573 million
Operating profit (loss)
¥-569 million
Year-on-Year Change in Revenue (%)25.9
Rental business
Net Sales
¥435 million
Operating profit (loss)
¥71 million
Year-on-Year Change in Revenue (%)12.2
Operating profit/loss year-on-year (%)54.6
Logistics Business
Net Sales
¥276 million
Operating profit (loss)
¥67 million
Year-on-Year Change in Revenue (%)7.3
Operating profit/loss year-on-year (%)35.9
Engineering
Net Sales
¥879 million
Operating profit (loss)
¥38 million
Year-on-Year Change in Revenue (%)23.2
Operating profit/loss year-on-year (%)52.6
Medium-term management plan targets
DOE3.5% or higher
Consolidated equityApproximately ¥70 billion by the end of fiscal 2027
Financial targets
Consolidated equityApproximately ¥70 billion by the end of fiscal 2027
Annual Dividend
Annual Dividend
¥113 /share
Interim Dividend
¥56 /share
Year-end dividend
¥57 /share
Payout ratio
not disclosed (DOE of at least 3.5%)Acquisition of treasury shares
Number of SharesUp to 900,000 shares (acquisition completed)
| Item | Details |
|---|---|
| Document type | Supplementary Materials to the Earnings Report |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | ¥29,164 million (YoY +25.4%) |
| Operating profit | ¥-343 million |
| Ordinary income | ¥-139 million |
| Net income | ¥-121 million |
| Gross Profit Margin | 7.8% |
| Operating profit margin | -1.2% |
| Selling, general and administrative expenses | ¥2,630 million |
| Results for the three months of the current quarter | Net Sales ¥14,113 million / Operating profit (loss) ¥-30 million / Ordinary profit or loss ¥-162 million / Quarterly profit attributable to owners of the parent ¥-125 million |
| Full-year earnings forecast | Net Sales ¥69,400 million / Operating profit ¥800 million / Ordinary income ¥600 million / Profit attributable to owners of the parent ¥300 million / Earnings per share 11.3 Yen |
| Segment results | Steel-related business Net Sales ¥27,573 million / Operating profit (loss) ¥-569 million / Year-on-Year Change in Revenue (%) 25.9 / Rental business Net Sales ¥435 million / Operating profit (loss) ¥71 million / Year-on-Year Change in Revenue (%) 12.2 / Operating profit/loss year-on-year (%) 54.6 / Logistics Business Net Sales ¥276 million / Operating profit (loss) ¥67 million / Year-on-Year Change in Revenue (%) 7.3 / Operating profit/loss year-on-year (%) 35.9 / Engineering Net Sales ¥879 million / Operating profit (loss) ¥38 million / Year-on-Year Change in Revenue (%) 23.2 / Operating profit/loss year-on-year (%) 52.6 |
| Breakdown of Factors Affecting the Change | Lower selling prices -458 / Increase in sales volume 2,336 / Manufacturing cost reduction 643 / Increase in steel scrap prices -3,187 / Increase in delivery expenses -303 / Non-Operating Income and Expenses 111 / Other -125 |
| Key KPIs | Indicator name Steel product sales volume / Value 30.6 % year on year / Year on year against the same period last year 30.6 % year on year, Indicator name Steel product selling price / Value -2.3 % year on year / Year on year against the same period last year -2.3 % year on year, Indicator name Equity ratio / Value 87.6 % / Year on year against the same period last year -1.1 percentage points from the end of March 2026 |
| Unit price and quantity metrics | Sales volume +30.6% year on year / Selling price -2.3% year on year |
| Medium-term management plan targets | DOE 3.5% or higher / Consolidated equity Approximately ¥70 billion by the end of fiscal 2027 |
| Financial targets | Consolidated equity Approximately ¥70 billion by the end of fiscal 2027 / Equity ratio Not disclosed |
| Annual Dividend | Annual Dividend ¥113 /share / Interim Dividend ¥56 /share / Year-end dividend ¥57 /share |
| Payout ratio | not disclosed (DOE of at least 3.5%) |
| Acquisition of treasury shares | Number of Shares Up to 900,000 shares (acquisition completed) / Acquisition period Not disclosed / Amount Not disclosed |
| New initiatives | Additional price increase of ¥5,000 per tonne for steel products from contracts signed in November 2026, Enhanced shareholder returns based on a DOE of 3.5% or higher, Reduce consolidated shareholders' 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 employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital 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 volume expanded as a result of strengthened sales efforts in the building materials sector and the capture of overseas demand, while the rise in various costs, including ferrous scrap, exceeded the increase in selling prices, causing the metal spread to narrow.
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.