Komori
Earnings5959OKABE CO.,LTD.Construction and Materials

Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

In the first quarter, net sales increased 2.7% year on year, while operating profit declined 46.1% and net income attributable to owners of the parent declined 28.1%. The full-year earnings forecasts and annual dividend forecast remain unchanged from the previously announced figures.

Worth reading
37Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
46.1
Year-on-year decline in operating profit (%)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales16,436¥ millionYear on year +2.7%Progress 22.7%
Operating profit528¥ millionYear on year -46.1%Progress 10.3%
Ordinary income579¥ millionYear on year -45.1%Progress 10.9%
Net income attributable to owners of the parent534¥ millionYear on year -28.1%Progress 14.4%

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¥11.78
Financial position at period-end
Total assets85,124¥ million
of which net assets 61,802 ¥ millionEquity ratio 72.6%vs. prior year-end -0.2pt

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¥72,500 million (YoY +3.9%)
Operating profit¥5,150 million (YoY +8.1%)
Ordinary income¥5,300 million (YoY +4.3%)
Net income¥3,700 million (YoY +12.6%)
Annual Dividend Forecast¥41 → ¥42(+2.4%)
Factors Behind Changes in Business Performance

In the construction-related products business, sales increased for building materials, civil engineering products, and overseas building materials, while sales declined for temporary construction and formwork products and structural equipment products. On the profit side, results were affected by changes in the sales mix and increases in selling, general and administrative expenses, including sales commissions and personnel expenses. In the other businesses, the reactionary decline in sales of high-value-added products and large projects, the deferral of public-sector projects into a different period, and the downturn in the truck and trailer market contributed to declines in both net sales and profit.

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 companies / Excluded 0 companies / Company name None
Material subsequent eventsNot applicable.
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥0 million, Item Gain on sale of investment securities / Amount ¥285 million / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥3 million, Item Loss on closure of stores / Amount ¥4 million, Item Other / Amount ¥0 million
Depreciation and amortization¥438 million
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible attendees)
Issued Shares at Period-End47,290,632
Treasury Shares at Period-End2,351,057
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥16,436 million (YoY +2.7%)
Operating profit¥528 million (YoY -46.1%)
Ordinary income¥579 million (YoY -45.1%)
Profit attributable to owners of the parent¥534 million (YoY -28.1%)
Net income per share¥11.78
Equity ratioEnd of the current fiscal period 72.6 / End of previous period 72.8
Total assets¥85,124 million
Net assets¥61,802 million
Full-year earnings forecastNet Sales ¥72,500 million (YoY +3.9%) / Operating profit ¥5,150 million (YoY +8.1%) / Ordinary income ¥5,300 million (YoY +4.3%) / Net income ¥3,700 million (YoY +12.6%)
Annual Dividend Forecast¥41 → ¥42(+2.4%)
Depreciation and amortization¥438 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of non-current assets / Amount ¥0 million, Item Gain on sale of investment securities / Amount ¥285 million / Extraordinary loss Item Losses on disposal of fixed assets / Amount ¥3 million, Item Loss on closure of stores / Amount ¥4 million, Item Other / Amount ¥0 million
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsNo
Availability of Financial Results BriefingNo (no eligible attendees)
Issued Shares at Period-End47,290,632
Treasury Shares at Period-End2,351,057
Factors Behind Changes in Business PerformanceIn the construction-related products business, sales increased for building materials, civil engineering products, and overseas building materials, while sales declined for temporary construction and formwork products and structural equipment products. On the profit side, results were affected by changes in the sales mix and increases in selling, general and administrative expenses, including sales commissions and personnel expenses. In the other businesses, the reactionary decline in sales of high-value-added products and large projects, the deferral of public-sector projects into a different period, and the downturn in the truck and trailer market contributed to declines in both net sales and profit.
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 periodRevision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional 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.

This was due to changes in the sales mix and increases in selling, general and administrative expenses, including sales commissions and personnel expenses. In the other businesses, net sales and profit declined due to the reactionary decline in sales of high-value-added products and large projects, as well as the deferral of public-sector projects into a different period.

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.
Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | OKABE CO.,LTD. (5959) timely disclosure | Komori