Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
4454
¥ millionWording
Conditional
How definitive the wording is.Results for this period
First quarter1 April 2026 to 30 June 2026ConsolidatedIFRSNet Sales163,530¥ millionYear on year +14.9%Progress 26.0%
Operating profit13,112¥ millionYear on year +51.4%Progress 32.8%
Ordinary income14,279¥ millionYear on year +46.9%Progress 34.0%
Net income attributable to owners of the parent9,061¥ millionYear on year +41.2%Progress 32.9%
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¥45.34
Financial position at period-end
Total assets905,876¥ million
of which net assets 525,311 ¥ millionEquity ratio 53.4%vs. prior year-end -1.8pt
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 and cash equivalents at end of period¥66,467 million
Segment revenue
Specialty steel materials59,40336.3%
Functional and magnetic materials58,04335.5%
Automotive parts and industrial machinery parts31,64019.3%
Engineering7,2544.4%
Distribution and services7,1884.4%
Segment profit
Specialty steel materials3,15524.1%
Functional and magnetic materials5,79044.2%
Automotive parts and industrial machinery parts2,87922.0%
Engineering2291.7%
Distribution and services1,0548.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥630,000 million (YoY +9.0%)
Operating profit¥40,000 million (YoY -4.9%)
Ordinary income¥42,000 million (YoY -6.2%)
Net income¥27,500 million (YoY -15.7%)
Annual Dividend Forecast¥49 → ¥52
Factors Behind Changes in Business Performance
Higher sales volume: ¥3.0 billion; higher selling prices: ¥2.1 billion; product mix and other factors: ¥0.2 billion, all contributing to higher profit. Market conditions for raw materials and fuels and other items: ¥2.1 billion; higher fixed costs: ¥0.6 billion; deterioration in variable costs: ¥0.3 billion, all reducing profit.
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 Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsOn 6 July 2026, the company acquired additional shares in Tohoku Steel Co.,Ltd., increasing its voting rights ratio from 34.32% to 57.93%, and made the company a consolidated subsidiary. The consideration for the acquisition was ¥7,873 million in cash. The company plans to make it a wholly owned subsidiary in the future.
Depreciation and amortization¥8,090 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for securities analysts and institutional investors)
Issued Shares at Period-End217,243,845
Treasury Shares at Period-End17,389,501
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026 to 30 June 2026 |
| Net Sales | ¥163,530 million (YoY +14.9%) |
| Operating profit | ¥13,112 million (YoY +51.4%) |
| Ordinary income | ¥14,279 million (YoY +46.9%) |
| Profit attributable to owners of the parent | ¥9,061 million (YoY +41.2%) |
| Net income per share | ¥45.34 |
| Equity ratio | End of the current fiscal period 53.4 / End of previous period 55.2 |
| Total assets | ¥905,876 million |
| Net assets | ¥525,311 million |
| Cash and cash equivalents at end of period | ¥66,467 million |
| Full-year earnings forecast | Net Sales ¥630,000 million (YoY +9.0%) / Operating profit ¥40,000 million (YoY -4.9%) / Ordinary income ¥42,000 million (YoY -6.2%) / Net income ¥27,500 million (YoY -15.7%) |
| Annual Dividend Forecast | ¥49 → ¥52 |
| Segment revenue | Segment Specialty steel materials / Net Sales ¥59,403 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥8,187 million, Segment Functional and magnetic materials / Net Sales ¥58,043 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥9,740 million, Segment Automotive parts and industrial machinery parts / Net Sales ¥31,640 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥2,341 million, Segment Engineering / Net Sales ¥7,254 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥438 million, Segment Distribution and services / Net Sales ¥7,188 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥469 million |
| Segment profit | Segment Specialty steel materials / Segment profit ¥3,155 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥558 million, Segment Functional and magnetic materials / Segment profit ¥5,790 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥2,733 million, Segment Automotive parts and industrial machinery parts / Segment profit ¥2,879 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥1,432 million, Segment Engineering / Segment profit ¥229 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥-451 million, Segment Distribution and services / Segment profit ¥1,054 million / Year on year against the same period last year Not disclosed / Year-on-year change ¥202 million |
| Depreciation and amortization | ¥8,090 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 Not disclosed |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not disclosed |
| Material subsequent events | On 6 July 2026, the company acquired additional shares in Tohoku Steel Co.,Ltd., increasing its voting rights ratio from 34.32% to 57.93%, and made the company a consolidated subsidiary. The consideration for the acquisition was ¥7,873 million in cash. The company plans to make it a wholly owned subsidiary in the future. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 217,243,845 |
| Treasury Shares at Period-End | 17,389,501 |
| Factors Behind Changes in Business Performance | Higher sales volume: ¥3.0 billion; higher selling prices: ¥2.1 billion; product mix and other factors: ¥0.2 billion, all contributing to higher profit. Market conditions for raw materials and fuels and other items: ¥2.1 billion; higher fixed costs: ¥0.6 billion; deterioration in variable costs: ¥0.3 billion, all reducing profit. |
Items this document does not state (11)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (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.Orders increased on the recovery in demand for industrial machinery and the expansion of AI-related semiconductor demand. On the profit side, higher sales volume, increased selling prices, and product mix effects contributed to higher profit, while market conditions for raw materials and fuels, fixed costs, and variable costs were factors depressing profit. The company continues to pursue thorough cost reductions and the reflection of cost increases in 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.
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