Worth reading
57In 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
-6.8
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales243,764¥ millionYear on year -6.8%Progress 88.8%
Operating profit32,043¥ millionYear on year +39.8%Progress 86.8%
Ordinary income34,248¥ millionYear on year +28.5%Progress 90.1%
Net income attributable to owners of the parent26,676¥ millionYear on year -1.3%Progress 103.8%
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¥117.99
Operating Margin13.1%
Financial position at period-end
Total assets422,374¥ million
of which net assets 361,936 ¥ millionEquity ratio 82.5%vs. prior year-end +1.6pt
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+20,410
Investment+1,143
Financials-27,877
Net change-6,324
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¥88,682 million
Segment revenueJapan ¥144,139 million (YoY -7.1%), North America ¥54,837 million (YoY +6.0%), Asia ¥44,788 million (YoY -18.3%)
Segment profitJapan ¥21,851 million (YoY +11.7%), North America ¥5,458 million, Asia ¥4,164 million (YoY -6.5%)
Regional sales¥144,139 million (YoY -7.1%), ¥54,837 million (YoY +6.0%), ¥44,788 million (YoY -18.3%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥274,500 million (YoY +12.6%)
Operating profit¥36,900 million (YoY +15.2%)
Ordinary income¥38,000 million (YoY +11.0%)
Net income¥25,700 million (YoY -3.7%)
Annual Dividend Forecast¥134.50 (prior-year actual, adjusted to the pre-stock-split basis) → ¥52.00 (current-year forecast, post-stock-split basis)
Payout ratio38.0% for the fiscal year ended March 2026; forecast 44.4% for the fiscal year ending March 2027
Shareholder Return PolicyThe company will make a comprehensive determination based on net income attributable to owners of the parent in the consolidated financial statements (no numerical target disclosed).
Factors Behind Changes in Business Performance
Sales volumes declined 3.7% overall, reflecting year-on-year declines in Japan and Asia. Revenue declined in Japan due to weak demand and lower prices, while North American revenue increased as the company maintained sales volumes. Revenue in Asia declined due to lower exports by SUNSCO. On the earnings side, higher earnings in Japan and North America offset lower earnings in Asia, while non-operating income and expenses deteriorated due to factors including lower dividend income, and extraordinary income and expenses deteriorated mainly due to lower gains on sales of investment securities.
Disclosure regarding the going concern assumption
No applicable matters ("There are 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 consolidationAdded: 0 companies; excluded: 0 companies
Material subsequent eventsAt a meeting of the Board of Directors held on 13 May 2026, the company resolved to acquire treasury shares as part of a flexible capital policy. The maximum number of shares to be acquired is 6,000,000, the maximum total acquisition cost is ¥10 billion, and the acquisition period is from 14 May 2026 to 31 March 2027.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥6 million, Gain on sale of investment securities ¥5,853 million, Gain on sale of shares in an affiliated company ¥552 million, Insurance proceeds received ¥0 million, Other ¥4 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥375 million, Loss on sale of investment securities ¥434 million, Impairment Loss on Investment Securities ¥424 million, Other ¥4 million
Depreciation and amortization¥7,917 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (webcast for securities analysts and institutional investors)
Issued Shares at Period-End252,000,000 shares
Treasury Shares at Period-End30,846,443 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 | ¥243,764 million (YoY -6.8%) |
| Operating profit | ¥32,043 million (YoY +39.8%) |
| Ordinary income | ¥34,248 million (YoY +28.5%) |
| Profit attributable to owners of the parent | ¥26,676 million (YoY -1.3%) |
| Net income per share | ¥117.99 |
| Operating Margin | 13.1% |
| Equity ratio | End of the current fiscal period 82.5% / End of previous period 80.9% |
| Total assets | ¥422,374 million |
| Net assets | ¥361,936 million |
| Cash flows from operating activities | ¥20,410 million |
| Cash flows from investing activities | ¥1,143 million |
| Cash flows from financing activities | ¥-27,877 million |
| Cash and cash equivalents at end of period | ¥88,682 million |
| Full-year earnings forecast | Net Sales ¥274,500 million (YoY +12.6%) / Operating profit ¥36,900 million (YoY +15.2%) / Ordinary income ¥38,000 million (YoY +11.0%) / Net income ¥25,700 million (YoY -3.7%) |
| Annual Dividend Forecast | ¥134.50 (prior-year actual, adjusted to the pre-stock-split basis) → ¥52.00 (current-year forecast, post-stock-split basis) |
| Payout ratio | 38.0% for the fiscal year ended March 2026; forecast 44.4% for the fiscal year ending March 2027 |
| Shareholder Return Policy | The company will make a comprehensive determination based on net income attributable to owners of the parent in the consolidated financial statements (no numerical target disclosed). |
| Segment revenue | Japan ¥144,139 million (YoY -7.1%), North America ¥54,837 million (YoY +6.0%), Asia ¥44,788 million (YoY -18.3%) |
| Segment profit | Japan ¥21,851 million (YoY +11.7%), North America ¥5,458 million, Asia ¥4,164 million (YoY -6.5%) |
| Regional sales | ¥144,139 million (YoY -7.1%), ¥54,837 million (YoY +6.0%), ¥44,788 million (YoY -18.3%) |
| Depreciation and amortization | ¥7,917 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥6 million, Gain on sale of investment securities ¥5,853 million, Gain on sale of shares in an affiliated company ¥552 million, Insurance proceeds received ¥0 million, Other ¥4 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥375 million, Loss on sale of investment securities ¥434 million, Impairment Loss on Investment Securities ¥424 million, Other ¥4 million |
| Disclosure regarding the going concern assumption | No applicable matters ("There are 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 | Added: 0 companies; excluded: 0 companies |
| Material subsequent events | At a meeting of the Board of Directors held on 13 May 2026, the company resolved to acquire treasury shares as part of a flexible capital policy. The maximum number of shares to be acquired is 6,000,000, the maximum total acquisition cost is ¥10 billion, and the acquisition period is from 14 May 2026 to 31 March 2027. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (webcast for securities analysts and institutional investors) |
| Issued Shares at Period-End | 252,000,000 shares |
| Treasury Shares at Period-End | 30,846,443 shares |
| Factors Behind Changes in Business Performance | Sales volumes declined 3.7% overall, reflecting year-on-year declines in Japan and Asia. Revenue declined in Japan due to weak demand and lower prices, while North American revenue increased as the company maintained sales volumes. Revenue in Asia declined due to lower exports by SUNSCO. On the earnings side, higher earnings in Japan and North America offset lower earnings in Asia, while non-operating income and expenses deteriorated due to factors including lower dividend income, and extraordinary income and expenses deteriorated mainly due to lower gains on sales of investment securities. |
Items this document does not state (3)
Revision to Earnings ForecastOrders 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 declined due to lower sales volumes in Japan and Asia and lower product prices. Operating income increased as higher earnings in Japan and North America more than offset lower earnings in Asia. Net income declined mainly due to lower gains on sales of investment securities.
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.