Worth reading
55In 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
71.9
% (year-on-year decline rate in forecast operating profit for the fiscal year ending March 2027)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales40,866¥ millionYear on year +62.3%Progress 118.8%
Operating profit6,080¥ millionYear on year +69.0%Progress 355.6%
Ordinary income6,025¥ millionYear on year +70.6%Progress 360.8%
Net income attributable to owners of the parent4,214¥ millionYear on year +71.6%
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¥430.14
Operating MarginCurrent fiscal year 14.9 % / Previous period 14.3 %
Financial position at period-end
Total assets24,729¥ million
of which net assets 15,446 ¥ millionEquity ratio 62.5%vs. prior year-end +5.5pt
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+7,619
Investment-1,053
Financials-2,016
Net change+4,550
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¥6,682 million
Segment revenueAntimony business ¥29,373,076 thousand (YoY +85.8%), Metal Powder Business ¥11,453,355 thousand (YoY +22.7%)
Segment profitAntimony business ¥5,391,828 thousand (YoY +76.2%), Metal Powder Business ¥653,667 thousand (YoY +30.0%)
Regional sales¥32,496,136 thousand, ¥8,302,477 thousand, ¥4,112,854 thousand, ¥68,040 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥34,400 million (YoY -15.8%)
Operating profit¥1,710 million (YoY -71.9%)
Ordinary income¥1,670 million (YoY -72.3%)
Profit attributable to owners of the parent¥1,120 million (YoY -73.4%)
Annual Dividend Forecast¥400 → ¥60（△40.0% on a post-split basis）
Payout ratio52.5
Shareholder Return PolicyThe basic policy is to pay dividends twice a year, consisting of an interim dividend and a year-end dividend. No numerical target is stated.
Factors Behind Changes in Business Performance
Higher selling prices following the rise in international antimony ingot prices, improved production efficiency, inventory effects, and higher silver powder selling prices in the metal powder business, among other factors.
Disclosure regarding the going concern assumption
Not applicable.
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 0 / Excluded 0 / Company name None
Material subsequent eventsEffective 1 April 2026, the Company split each share of common stock into 4 shares and accordingly increased the number of authorized shares from 10 million to 40 million.
Impairment lossNo applicable matters.
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets － / Extraordinary loss Loss on Disposal of Fixed Assets ¥4,807 thousand
Depreciation and amortization¥653,973 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingNo
Issued Shares at Period-End10,423,600 Shares
Treasury Shares at Period-End620,608 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 | ¥40,866 million (YoY +62.3%) |
| Operating profit | ¥6,080 million (YoY +69.0%) |
| Ordinary income | ¥6,025 million (YoY +70.6%) |
| Profit attributable to owners of the parent | ¥4,214 million (YoY +71.6%) |
| Net income per share | ¥430.14 |
| Operating Margin | Current fiscal year 14.9 % / Previous period 14.3 % |
| Equity ratio | End of the current fiscal period 62.5 / End of previous period 57 |
| Total assets | ¥24,729 million |
| Net assets | ¥15,446 million |
| Cash flows from operating activities | ¥7,619 million |
| Cash flows from investing activities | ¥-1,053 million |
| Cash flows from financing activities | ¥-2,016 million |
| Cash and cash equivalents at end of period | ¥6,682 million |
| Full-year earnings forecast | Net Sales ¥34,400 million (YoY -15.8%) / Operating profit ¥1,710 million (YoY -71.9%) / Ordinary income ¥1,670 million (YoY -72.3%) / Profit attributable to owners of the parent ¥1,120 million (YoY -73.4%) |
| Annual Dividend Forecast | ¥400 → ¥60（△40.0% on a post-split basis） |
| Payout ratio | 52.5 |
| Shareholder Return Policy | The basic policy is to pay dividends twice a year, consisting of an interim dividend and a year-end dividend. No numerical target is stated. |
| Segment revenue | Antimony business ¥29,373,076 thousand (YoY +85.8%), Metal Powder Business ¥11,453,355 thousand (YoY +22.7%) |
| Segment profit | Antimony business ¥5,391,828 thousand (YoY +76.2%), Metal Powder Business ¥653,667 thousand (YoY +30.0%) |
| Regional sales | ¥32,496,136 thousand, ¥8,302,477 thousand, ¥4,112,854 thousand, ¥68,040 thousand |
| Depreciation and amortization | ¥653,973 thousand |
| Impairment loss | No applicable matters. |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets － / Extraordinary loss Loss on Disposal of Fixed Assets ¥4,807 thousand |
| Disclosure regarding the going concern assumption | Not applicable. |
| 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 0 / Excluded 0 / Company name None |
| Material subsequent events | Effective 1 April 2026, the Company split each share of common stock into 4 shares and accordingly increased the number of authorized shares from 10 million to 40 million. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 10,423,600 Shares |
| Treasury Shares at Period-End | 620,608 Shares |
| Factors Behind Changes in Business Performance | Higher selling prices following the rise in international antimony ingot prices, improved production efficiency, inventory effects, and higher silver powder selling prices in the metal powder business, among other factors. |
Items this document does not state (2)
Revision to Earnings ForecastOrders received and order backlog
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.For the fiscal year ended March 2026, selling prices rose in the antimony business, while improved production efficiency and inventory effects also contributed. Selling prices for silver powder also increased in the metal powder business. For the fiscal year ending March 2027, the Company assumes an antimony ingot price of $24,000 per tonne and a domestic copper benchmark price of ¥2,130 thousand per tonne.
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.