Worth reading
57In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
637.5
Year-on-year increase in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPNet Sales21,129¥ millionYear on year -0.0%Progress 44.0%
Operating profit561¥ millionYear on year +637.5%Progress 23.4%
Ordinary income1,248¥ millionYear on year -16.6%Progress 27.1%
Net income attributable to owners of the parent991¥ millionYear on year +645.3%
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. 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¥29.16
Financial position at period-end
Total assets152,134¥ million
of which net assets 139,784 ¥ millionEquity ratio 91.9%vs. prior year-end -1.1pt
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+4,857
Investment-2,436
Financials-644
Net change+1,777
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¥5,173 million
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¥4,600 million (YoY +0.3%)
Profit attributable to owners of the parent¥3,200 million (YoY +47.1%)
Revision to Earnings ForecastNet Sales Before revision Not disclosed / After revision ¥48,000 million / Amount of change Not disclosed / Change rate Not disclosed / Operating profit Before revision Not disclosed / After revision ¥2,400 million / Amount of change Not disclosed / Change rate Not disclosed / Ordinary income Before revision Not disclosed / After revision ¥4,600 million / Amount of change Not disclosed / Change rate Not disclosed / Profit attributable to owners of the parent Before revision Not disclosed / After revision ¥3,200 million / Amount of change Not disclosed / Change rate Not disclosed
Annual Dividend ForecastPrevious-period results ¥46 / Current fiscal year forecast ¥46 / Amount of change ¥0 / Change rate ¥0
Factors Behind Changes in Business Performance
Operating income increased due to the effects of product price revisions and group-wide cost reductions. Ordinary income declined due to the recognition of a loss on investment in an anonymous partnership. By product, revenue increased in air-conditioning equipment and solar equipment and other products, while revenue declined in water-heating equipment and the engineering segment.
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 0 companies / Excluded 0 companies / Company name Not disclosed
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Item Loss on sale of investment securities / Amount ¥10 million
Depreciation and amortization¥767 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed / Remarks Video streaming planned
Issued Shares at Period-End34,239,312
Treasury Shares at Period-End237,854
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | ¥21,129 million (YoY -0.0%) |
| Operating profit | ¥561 million (YoY +637.5%) |
| Ordinary income | ¥1,248 million (YoY -16.6%) |
| Profit attributable to owners of the parent | ¥991 million (YoY +645.3%) |
| Net income per share | ¥29.16 |
| Equity ratio | End of the current fiscal period 91.9 / End of previous period 93 |
| Total assets | ¥152,134 million |
| Net assets | ¥139,784 million |
| Cash flows from operating activities | ¥4,857 million |
| Cash flows from investing activities | ¥-2,436 million |
| Cash flows from financing activities | ¥-644 million |
| Cash and cash equivalents at end of period | ¥5,173 million |
| Full-year earnings forecast | Net Sales ¥48,000 million (YoY +3.2%) / Operating profit ¥2,400 million (YoY +40.2%) / Ordinary income ¥4,600 million (YoY +0.3%) / Profit attributable to owners of the parent ¥3,200 million (YoY +47.1%) |
| Revision to Earnings Forecast | Net Sales Before revision Not disclosed / After revision ¥48,000 million / Amount of change Not disclosed / Change rate Not disclosed / Operating profit Before revision Not disclosed / After revision ¥2,400 million / Amount of change Not disclosed / Change rate Not disclosed / Ordinary income Before revision Not disclosed / After revision ¥4,600 million / Amount of change Not disclosed / Change rate Not disclosed / Profit attributable to owners of the parent Before revision Not disclosed / After revision ¥3,200 million / Amount of change Not disclosed / Change rate Not disclosed |
| Annual Dividend Forecast | Previous-period results ¥46 / Current fiscal year forecast ¥46 / Amount of change ¥0 / Change rate ¥0 |
| Depreciation and amortization | ¥767 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Not disclosed / Extraordinary loss Item Loss on sale of investment securities / Amount ¥10 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 0 companies / Excluded 0 companies / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed / Remarks Video streaming planned |
| Issued Shares at Period-End | 34,239,312 |
| Treasury Shares at Period-End | 237,854 |
| Factors Behind Changes in Business Performance | Operating income increased due to the effects of product price revisions and group-wide cost reductions. Ordinary income declined due to the recognition of a loss on investment in an anonymous partnership. By product, revenue increased in air-conditioning equipment and solar equipment and other products, while revenue declined in water-heating equipment and the engineering segment. |
Items this document does not state (9)
Operating MarginPayout 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.Operating income increased as a result of the effects of product price revisions implemented in June of the previous year, together with group-wide cost reduction initiatives. Meanwhile, ordinary income declined due to the recognition of a loss on investment in an anonymous partnership.
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.