Komori
Results5757CK SAN-ETSU Co.,Ltd.Iron and Steel, Nonferrous Metals

Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

For the interim period of the fiscal year ending March 2027, net sales increased 44.3% and operating profit increased 168.7%, against a backdrop of higher copper prices. The full-year earnings forecast was revised, with operating profit projected at ¥18,000 million, among other figures.

Worth reading
67In 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
168.7
Year-on-year change in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales99,586Millions of yenYear on year +44.3%Progress 49.8%
Operating profit11,167Millions of yenYear on year +168.7%Progress 62.0%
Ordinary income6,196Millions of yenYear on year +107.9%Progress 47.7%
Net income attributable to owners of the parent3,724Millions of yenYear on year +84.5%Progress 46.6%

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¥450.26
Financial position at period-end
Total assets116,500Millions of yen
of which net assets 66,377 Millions of yenEquity ratio 50.0%vs. prior year-end -6.3pt

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-10,956
Investment-1,035
Financials+11,513
Net change-478

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).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 period820 Millions of yen
Segment revenueCopper and copper alloy products 89,606 Millions of yen (YoY +48.9%), Precision components 4,225 Millions of yen (YoY +46.1%), Piping and plating 5,754 Millions of yen (YoY -2.6%)
Segment profitCopper and copper alloy products 9,536 Millions of yen (YoY +230.0%), Precision components 774 Millions of yen (YoY +129.0%), Piping and plating 741 Millions of yen (YoY -11.6%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales200,000 Millions of yen (YoY +33.8%)
Operating profit18,000 Millions of yen (YoY +27.1%)
Ordinary income13,000 Millions of yen (YoY +130.6%)
Net income8,000 Millions of yen (YoY +123.0%)
Revision to Earnings ForecastNot disclosed → Net Sales 200,000 Millions of yen (YoY +33.8%) / Operating profit 18,000 Millions of yen (YoY +27.1%) / Ordinary income 13,000 Millions of yen (YoY +130.6%) / Net income 8,000 Millions of yen (YoY +123.0%)
Annual Dividend Forecast90 Yen → 100 Yen
Factors Behind Changes in Business Performance

Net sales increased due to higher copper prices. Ordinary profit included a ¥2.2 billion derivative loss and a ¥2,972 million loss on valuation of derivatives.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 新キタミ株式会社
Material subsequent events三谷伸銅株式会社, a consolidated subsidiary, resolved to acquire the conductive functional materials business from FCM株式会社 and entered into a business transfer agreement dated 13 November 2026. The business acquisition is scheduled for 1 July 2027, with consideration of ¥2,350 million and advisory and other fees of ¥7 million expected to be incurred.
Impairment lossNone recorded
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets 0 Millions of yen, Subsidy income 40 Millions of yen, Gain on liquidation of shares in an affiliate 17 Millions of yen / Extraordinary loss Loss on disposal of fixed assets 0 Millions of yen, Loss on revision of retirement benefit plans 111 Millions of yen
Depreciation and amortization1,100 Millions of yen
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingYes (for newspaper reporters)
Issued Shares at Period-End8,867,000
Treasury Shares at Period-End579,437
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales99,586 Millions of yen (YoY +44.3%)
Operating profit11,167 Millions of yen (YoY +168.7%)
Ordinary income6,196 Millions of yen (YoY +107.9%)
Profit attributable to owners of the parent3,724 Millions of yen (YoY +84.5%)
Net income per share¥450.26
Equity ratioEnd of the current fiscal period 50 / End of previous period 56.3
Total assets116,500 Millions of yen
Net assets66,377 Millions of yen
Cash flows from operating activities-10,956 Millions of yen
Cash flows from investing activities-1,035 Millions of yen
Cash flows from financing activities11,513 Millions of yen
Cash and cash equivalents at end of period820 Millions of yen
Full-year earnings forecastNet Sales 200,000 Millions of yen (YoY +33.8%) / Operating profit 18,000 Millions of yen (YoY +27.1%) / Ordinary income 13,000 Millions of yen (YoY +130.6%) / Net income 8,000 Millions of yen (YoY +123.0%)
Revision to Earnings ForecastNot disclosed → Net Sales 200,000 Millions of yen (YoY +33.8%) / Operating profit 18,000 Millions of yen (YoY +27.1%) / Ordinary income 13,000 Millions of yen (YoY +130.6%) / Net income 8,000 Millions of yen (YoY +123.0%)
Annual Dividend Forecast90 Yen → 100 Yen
Segment revenueCopper and copper alloy products 89,606 Millions of yen (YoY +48.9%), Precision components 4,225 Millions of yen (YoY +46.1%), Piping and plating 5,754 Millions of yen (YoY -2.6%)
Segment profitCopper and copper alloy products 9,536 Millions of yen (YoY +230.0%), Precision components 774 Millions of yen (YoY +129.0%), Piping and plating 741 Millions of yen (YoY -11.6%)
Depreciation and amortization1,100 Millions of yen
Impairment lossNone recorded
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of fixed assets 0 Millions of yen, Subsidy income 40 Millions of yen, Gain on liquidation of shares in an affiliate 17 Millions of yen / Extraordinary loss Loss on disposal of fixed assets 0 Millions of yen, Loss on revision of retirement benefit plans 111 Millions of yen
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 1 / Company name 新キタミ株式会社
Material subsequent events三谷伸銅株式会社, a consolidated subsidiary, resolved to acquire the conductive functional materials business from FCM株式会社 and entered into a business transfer agreement dated 13 November 2026. The business acquisition is scheduled for 1 July 2027, with consideration of ¥2,350 million and advisory and other fees of ¥7 million expected to be incurred.
Availability of Supplementary Financial Results MaterialsNone
Availability of Financial Results BriefingYes (for newspaper reporters)
Issued Shares at Period-End8,867,000
Treasury Shares at Period-End579,437
Factors Behind Changes in Business PerformanceNet sales increased due to higher copper prices. Ordinary profit included a ¥2.2 billion derivative loss and a ¥2,972 million loss on valuation of derivatives.
Items this document does not state (5)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders 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.

Net sales increased due to higher copper prices. Ordinary profit included a ¥2.2 billion derivative loss and a ¥2,972 million loss on valuation of derivatives.

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Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | CK SAN-ETSU Co.,Ltd. (5757) timely disclosure | Komori