Worth reading
39Recurring
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
117.2
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAPNet Sales11,137¥ millionYear on year +1.5%Progress 23.2%
Operating profit537¥ millionYear on year +117.2%Progress 22.4%
Ordinary income1,149¥ millionYear on year +34.9%Progress 21.3%
Net income attributable to owners of the parent804¥ millionYear on year +44.0%Progress 21.2%
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¥23.67
Financial position at period-end
Total assets148,119¥ million
of which net assets 138,888 ¥ millionEquity ratio 93.8%vs. prior year-end +0.8pt
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.
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥48,000 million (YoY +3.2%)
Operating profit¥2,400 million (YoY +40.2%)
Ordinary income¥5,400 million (YoY +17.7%)
Net income¥3,800 million (YoY +74.7%)
Revision to Earnings ForecastNet Sales ¥48,000 million → ¥48,000 million（0.0%） / Operating profit ¥2,400 million → ¥2,400 million（0.0%） / Ordinary income ¥5,400 million → ¥5,400 million（0.0%） / Net income ¥3,800 million → ¥3,800 million（0.0%）
Annual Dividend Forecast¥46 → ¥46（0.0%）
Factors Behind Changes in Business Performance
In water-heating equipment, high-efficiency water-heating equipment drove sales, while heat-pump heat-source units for Europe performed well in air-conditioning equipment. In contrast, sales of system baths and other products, as well as エネワイター, declined. In terms of profit, the Group focused on cost-reduction initiatives across the organization.
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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income No recognition / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥0 million
Depreciation and amortization¥396 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo
Issued Shares at Period-End34,239,312 shares
Treasury Shares at Period-End237,504 shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥11,137 million (YoY +1.5%) |
| Operating profit | ¥537 million (YoY +117.2%) |
| Ordinary income | ¥1,149 million (YoY +34.9%) |
| Profit attributable to owners of the parent | ¥804 million (YoY +44.0%) |
| Net income per share | ¥23.67 |
| Equity ratio | End of the current fiscal period 93.8 / End of previous period 93 |
| Total assets | ¥148,119 million |
| Net assets | ¥138,888 million |
| Full-year earnings forecast | Net Sales ¥48,000 million (YoY +3.2%) / Operating profit ¥2,400 million (YoY +40.2%) / Ordinary income ¥5,400 million (YoY +17.7%) / Net income ¥3,800 million (YoY +74.7%) |
| Revision to Earnings Forecast | Net Sales ¥48,000 million → ¥48,000 million（0.0%） / Operating profit ¥2,400 million → ¥2,400 million（0.0%） / Ordinary income ¥5,400 million → ¥5,400 million（0.0%） / Net income ¥3,800 million → ¥3,800 million（0.0%） |
| Annual Dividend Forecast | ¥46 → ¥46（0.0%） |
| Depreciation and amortization | ¥396 million |
| Breakdown of extraordinary income (loss) | Extraordinary income No recognition / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥0 million |
| 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 Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | No |
| Availability of Financial Results Briefing | No |
| Issued Shares at Period-End | 34,239,312 shares |
| Treasury Shares at Period-End | 237,504 shares |
| Factors Behind Changes in Business Performance | In water-heating equipment, high-efficiency water-heating equipment drove sales, while heat-pump heat-source units for Europe performed well in air-conditioning equipment. In contrast, sales of system baths and other products, as well as エネワイター, declined. In terms of profit, the Group focused on cost-reduction initiatives across the organization. |
Items this document does not state (13)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogImpairment lossMaterial subsequent events
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.High-efficiency water-heating equipment drove sales of water-heating equipment, and heat-pump heat-source units for Europe performed well. The Group also focused on cost-reduction initiatives across the organization.
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.