Worth reading
62In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-44
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales33,074¥ millionYear on year -3.6%
Operating profit653¥ millionYear on year -44.0%
Ordinary income660¥ millionYear on year -46.6%
Net income attributable to owners of the parent1,120¥ millionYear on year +8.3%
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.
Net income per share¥189.64
Operating Margin2.0%
Financial position at period-end
Total assets44,582¥ million
of which net assets 25,386 ¥ millionEquity ratio 56.9%vs. prior year-end +2.4pt
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+1,254
Investment-1,211
Financials-581
Net change-538
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¥2,803 million
Segment revenue
Specialty steel wire-related business17,91354.3%
Wire rope-related business13,62641.3%
Engineering-related business1,4724.5%
Segment profit
Specialty steel wire-related business283
Wire rope-related business480
Engineering-related business-161
Outlook and shareholder returns
Full-year earnings forecast
Net SalesNot disclosed
Operating profitNot disclosed
Ordinary incomeNot disclosed
Net incomeNot disclosed
Annual Dividend Forecast¥65 → Not disclosed
Payout ratio34.3%
Shareholder Return PolicyAims to provide ongoing shareholder returns equivalent to an annual consolidated dividend payout ratio of approximately 30–40%
Factors Behind Changes in Business Performance
Lower sales volumes, higher costs and the absence of the inventory valuation impact seen in the previous fiscal year. Extraordinary income, including gains on the sale of cross-shareholdings and insurance proceeds.
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 No
Changes in the scope of consolidationNew 1 / Name of newly added company ファイベックス株式会社 / Excluded 0 / Excluded Company Name Not disclosed
Material subsequent eventsOn 11 May 2026, the company entered into a share exchange agreement under which Kobe Steel,Ltd. will become the wholly owning parent company and the company will become a wholly owned subsidiary. The effective date is scheduled for 1 September 2026, and the company's shares are scheduled to be delisted on 28 August 2026.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥346 million / Gain on negative goodwill ¥353 million / Reversal of provision for disaster-related losses ¥43 million / Insurance proceeds received ¥214 million / Extraordinary loss Loss on step acquisition ¥203 million
Depreciation and amortization¥1,079 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End5,912,999 shares
Treasury Shares at Period-End3,330 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 | ¥33,074 million (YoY -3.6%) |
| Operating profit | ¥653 million (YoY -44.0%) |
| Ordinary income | ¥660 million (YoY -46.6%) |
| Profit attributable to owners of the parent | ¥1,120 million (YoY +8.3%) |
| Net income per share | ¥189.64 |
| Operating Margin | 2.0% |
| Equity ratio | End of the current fiscal period 56.9% / End of previous period 54.5% |
| Total assets | ¥44,582 million |
| Net assets | ¥25,386 million |
| Cash flows from operating activities | ¥1,254 million |
| Cash flows from investing activities | ¥-1,211 million |
| Cash flows from financing activities | ¥-581 million |
| Cash and cash equivalents at end of period | ¥2,803 million |
| Full-year earnings forecast | Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed |
| Annual Dividend Forecast | ¥65 → Not disclosed |
| Payout ratio | 34.3% |
| Shareholder Return Policy | Aims to provide ongoing shareholder returns equivalent to an annual consolidated dividend payout ratio of approximately 30–40% |
| Segment revenue | Specialty steel wire-related business ¥17,913 million / Wire rope-related business ¥13,626 million / Engineering-related business ¥1,472 million |
| Segment profit | Specialty steel wire-related business ¥283 million / Wire rope-related business ¥480 million / Engineering-related business ¥-161 million |
| Depreciation and amortization | ¥1,079 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥346 million / Gain on negative goodwill ¥353 million / Reversal of provision for disaster-related losses ¥43 million / Insurance proceeds received ¥214 million / Extraordinary loss Loss on step acquisition ¥203 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 No |
| Changes in the scope of consolidation | New 1 / Name of newly added company ファイベックス株式会社 / Excluded 0 / Excluded Company Name Not disclosed |
| Material subsequent events | On 11 May 2026, the company entered into a share exchange agreement under which Kobe Steel,Ltd. will become the wholly owning parent company and the company will become a wholly owned subsidiary. The effective date is scheduled for 1 September 2026, and the company's shares are scheduled to be delisted on 28 August 2026. |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 5,912,999 shares |
| Treasury Shares at Period-End | 3,330 shares |
| Factors Behind Changes in Business Performance | Lower sales volumes, higher costs and the absence of the inventory valuation impact seen in the previous fiscal year. Extraordinary income, including gains on the sale of cross-shareholdings and insurance proceeds. |
Items this document does not state (4)
Revision to Earnings ForecastRegional salesOrders 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.Lower sales volumes resulting from the continued challenging business environment, higher costs and the absence of the inventory valuation impact seen in the previous fiscal year reduced earnings. Extraordinary income, including gains on the sale of cross-shareholdings and insurance proceeds related to hail damage, boosted net income. The company is withholding its earnings and dividend forecasts for the fiscal year ending March 2027 due to the planned share exchange and delisting.
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.