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
-23
¥100 million (versus the previously disclosed full-year operating profit forecast)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationInterim period of the fiscal year ending March 20279 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,625 hundred million+9.0%
Operating profit¥73 hundred million-16.0%
Net income¥52 hundred million-5.0%
Operating profit margin
Rate4.5%
Year-on-year change (points)Down from 5.9% in the same period of the previous year (no percentage-point change specified in the materials)
Full-year earnings forecast
Revenue
¥3,300 hundred million
Operating profit
¥150 hundred million
Profit for the period attributable to owners of the parent
¥100 hundred million
Sales volume
1,030 thousand tonnes
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-Year Change in Interim Operating Profit
Sales volume19
Selling Prices32
Purchased-material prices-100
Factory cost reductions8
Inventory, Expenses, etc.24
Increase in subsidiaries' operating profit9
Slide gap-9
Foreign Exchange Effects-12
Full-Year Operating Profit Forecast vs. Previously Disclosed Figure
Positive Operating Factors27
Purchased-material prices-37
Inventory, Costs, etc.18
Consolidated Subsidiaries5
Total13
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Sales volume
1,030 thousand tonnes
Iron scrap prices
First half 48.4, second half 48.9
USD Exchange Rate
First half 159, second half 160
EnergyBoth electricity and gas prices up
Major FerroalloysPrices up across all items
New initiatives
- Expansion of support for the India business under the third-term technical support agreement with Vardhman Special Steels Ltd.
- Construction of a forging plant at VSSL and establishment of a supply system for high-value-added forgings
- Logistics improvements through load consolidation, route delivery and simulation
Key KPIsA metric the company considers important as a management benchmark.
Sales volume
506 thousand tonnes+5.0%
Improved Logistics Load Factor
5 %
Lead Frame Production Capacity
4.7 Million sets/month
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume
506 thousand tonnes+5.0%
Selling PricesThe earnings contribution from selling prices is stated in monetary terms (unit price itself: Not disclosed)
Segment results
Steel Company
Revenue
¥552 hundred million+7.0%
Operating profit
¥10 hundred million-74.0%
Stainless Steel Company
Revenue
¥207 hundred million+7.0%
Operating profit
¥4 hundred million0.0%
Forging Company
Revenue
¥722 hundred million+8.0%
Operating profit
¥44 hundred million+38.0%
Smart Company
Revenue
¥130 hundred million+20.0%
Operating profit
¥11 hundred million+22.0%
Other
Revenue
¥13 hundred million+18.0%
Operating profit
¥2 hundred million0.0%
Medium-term management plan targets
FY2030 operating profit
¥280 hundred million
FY2026 24–26 Medium-Term Plan Target
¥150 hundred million
Comparison with actual resultsThe forecast for the fiscal year ending March 2027 is ¥15 billion
Annual Dividend
Regular dividend
¥64 /share
Special dividend
¥78 /share
Total
¥142 /share
Interim and Year-End BreakdownInterim ¥75, year-end ¥67 (regular dividend: interim ¥36 and year-end ¥28; special dividend: interim ¥39 and year-end ¥39)
Payout ratio
90.9 %
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Interim period of the fiscal year ending March 2027 |
| Net Sales | ¥1,625 hundred million (YoY +9.0%) |
| Operating profit | ¥73 hundred million (YoY -16.0%) |
| Net income | ¥52 hundred million (YoY -5.0%) |
| Operating profit margin | Rate 4.5% / Year-on-year change (points) Down from 5.9% in the same period of the previous year (no percentage-point change specified in the materials) |
| Full-year earnings forecast | Revenue ¥3,300 hundred million / Operating profit ¥150 hundred million / Profit for the period attributable to owners of the parent ¥100 hundred million / Sales volume 1,030 thousand tonnes |
| Segment results | Steel Company Revenue ¥552 hundred million (YoY +7.0%) / Operating profit ¥10 hundred million (YoY -74.0%) / Stainless Steel Company Revenue ¥207 hundred million (YoY +7.0%) / Operating profit ¥4 hundred million (YoY 0.0%) / Forging Company Revenue ¥722 hundred million (YoY +8.0%) / Operating profit ¥44 hundred million (YoY +38.0%) / Smart Company Revenue ¥130 hundred million (YoY +20.0%) / Operating profit ¥11 hundred million (YoY +22.0%) / Other Revenue ¥13 hundred million (YoY +18.0%) / Operating profit ¥2 hundred million (YoY 0.0%) |
| Breakdown of Factors Affecting the Change | Year-on-Year Change in Interim Operating Profit Sales volume 19 / Selling Prices 32 / Purchased-material prices -100 / Factory cost reductions 8 / Inventory, Expenses, etc. 24 / Increase in subsidiaries' operating profit 9 / Slide gap -9 / Foreign Exchange Effects -12 / Full-Year Operating Profit Forecast vs. Previously Disclosed Figure Positive Operating Factors 27 / Purchased-material prices -37 / Inventory, Costs, etc. 18 / Consolidated Subsidiaries 5 / Total 13 |
| Key KPIs | Sales volume 506 thousand tonnes (YoY +5.0%) / Improved Logistics Load Factor 5 % / Lead Frame Production Capacity 4.7 Million sets/month |
| Unit price and quantity metrics | Sales volume 506 thousand tonnes (YoY +5.0%) / Selling Prices The earnings contribution from selling prices is stated in monetary terms (unit price itself: Not disclosed) |
| Assumptions Underlying the Business Outlook | Sales volume 1,030 thousand tonnes / Iron scrap prices First half 48.4, second half 48.9 / USD Exchange Rate First half 159, second half 160 / Energy Both electricity and gas prices up / Major Ferroalloys Prices up across all items |
| Medium-term management plan targets | FY2030 operating profit ¥280 hundred million / FY2026 24–26 Medium-Term Plan Target ¥150 hundred million / Comparison with actual results The forecast for the fiscal year ending March 2027 is ¥15 billion |
| Annual Dividend | Regular dividend ¥64 /share / Special dividend ¥78 /share / Total ¥142 /share / Interim and Year-End Breakdown Interim ¥75, year-end ¥67 (regular dividend: interim ¥36 and year-end ¥28; special dividend: interim ¥39 and year-end ¥39) |
| Payout ratio | 90.9 % |
| New initiatives | Expansion of support for the India business under the third-term technical support agreement with Vardhman Special Steels Ltd., Construction of a forging plant at VSSL and establishment of a supply system for high-value-added forgings, Logistics improvements through load consolidation, route delivery and simulation |
Items this document does not state (15)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesCapital 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.Because purchased-material prices are expected to rise further in the second half. The year-on-year decline in interim earnings resulted from the increase in purchased-material prices outweighing the earnings benefits from higher sales volumes and 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.