Worth reading
52Recurring
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
35.3
% (year-on-year change in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales64,094¥ millionYear on year +2.0%Progress 95.7%
Operating profit4,849¥ millionYear on year +35.3%Progress 112.8%
Ordinary income5,136¥ millionYear on year +32.5%Progress 116.7%
Net income attributable to owners of the parent3,481¥ millionYear on year +7.2%Progress 116.0%
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¥223.73
Operating MarginCurrent fiscal year 7.6 % / Previous period 5.7 %
Financial position at period-end
Total assets89,071¥ million
of which net assets 41,191 ¥ millionEquity ratio 46.2%vs. prior year-end +4.2pt
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.
Cash inflows and outflows
Operating+5,385
Investment-1,660
Financials-2,690
Net change+1,035
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¥7,064 million
Segment revenueWire rope and steel wire-related ¥28,229 million (YoY -2.5%), Steel cord-related ¥4,750 million (YoY -13.9%), Developed products-related ¥19,869 million (YoY +12.2%), Industrial machinery-related ¥4,451 million (YoY +19.9%), Energy and real estate-related ¥6,794 million (YoY -2.7%)
Segment profitWire rope and steel wire-related ¥2,533 million (YoY +13.1%), Steel cord-related ¥-606 million, Developed products-related ¥2,178 million (YoY +183.9%), Industrial machinery-related ¥275 million (YoY +31.6%), Energy and real estate-related ¥467 million (YoY +27.4%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥67,000 million (YoY +4.5%)
Operating profit¥4,300 million (YoY -11.3%)
Ordinary income¥4,400 million (YoY -14.3%)
Net income¥3,000 million (YoY -13.8%)
Annual Dividend Forecast¥70 → ¥70（0.0%）
Payout ratio31.3
Shareholder Return PolicyStable shareholder returns, targeting a total payout ratio of at least 40%
Factors Behind Changes in Business Performance
Steady progress of CFCC business projects and growth in sales of development products, lower operating costs, and the successful implementation of product price revisions in response to rising prices for various materials, labor costs and other expenses.
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.
Impairment loss¥1,175 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of investment securities ¥415 million, Gain on reversal of foreign currency translation adjustment ¥129 million / Extraordinary loss Impairment Losses ¥1,175 million, Environmental Measures Expense ¥450 million
Depreciation and amortization¥1,814 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End16,268,242
Treasury Shares at Period-End847,950
| 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 | ¥64,094 million (YoY +2.0%) |
| Operating profit | ¥4,849 million (YoY +35.3%) |
| Ordinary income | ¥5,136 million (YoY +32.5%) |
| Profit attributable to owners of the parent | ¥3,481 million (YoY +7.2%) |
| Net income per share | ¥223.73 |
| Operating Margin | Current fiscal year 7.6 % / Previous period 5.7 % |
| Equity ratio | End of the current fiscal period 46.2 % / End of previous period 42 % |
| Total assets | ¥89,071 million |
| Net assets | ¥41,191 million |
| Cash flows from operating activities | ¥5,385 million |
| Cash flows from investing activities | ¥-1,660 million |
| Cash flows from financing activities | ¥-2,690 million |
| Cash and cash equivalents at end of period | ¥7,064 million |
| Full-year earnings forecast | Net Sales ¥67,000 million (YoY +4.5%) / Operating profit ¥4,300 million (YoY -11.3%) / Ordinary income ¥4,400 million (YoY -14.3%) / Net income ¥3,000 million (YoY -13.8%) |
| Annual Dividend Forecast | ¥70 → ¥70（0.0%） |
| Payout ratio | 31.3 |
| Shareholder Return Policy | Stable shareholder returns, targeting a total payout ratio of at least 40% |
| Segment revenue | Wire rope and steel wire-related ¥28,229 million (YoY -2.5%), Steel cord-related ¥4,750 million (YoY -13.9%), Developed products-related ¥19,869 million (YoY +12.2%), Industrial machinery-related ¥4,451 million (YoY +19.9%), Energy and real estate-related ¥6,794 million (YoY -2.7%) |
| Segment profit | Wire rope and steel wire-related ¥2,533 million (YoY +13.1%), Steel cord-related ¥-606 million, Developed products-related ¥2,178 million (YoY +183.9%), Industrial machinery-related ¥275 million (YoY +31.6%), Energy and real estate-related ¥467 million (YoY +27.4%) |
| Depreciation and amortization | ¥1,814 million |
| Impairment loss | ¥1,175 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities ¥415 million, Gain on reversal of foreign currency translation adjustment ¥129 million / Extraordinary loss Impairment Losses ¥1,175 million, Environmental Measures Expense ¥450 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 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | Not applicable. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 16,268,242 |
| Treasury Shares at Period-End | 847,950 |
| Factors Behind Changes in Business Performance | Steady progress of CFCC business projects and growth in sales of development products, lower operating costs, and the successful implementation of product price revisions in response to rising prices for various materials, labor costs and other expenses. |
Items this document does not state (3)
Revision to Earnings ForecastRegional 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.Projects in the domestic and overseas CFCC businesses progressed steadily, and sales of development products increased. In addition, lower operating costs and the successful implementation of product price revisions lifted profit. For the fiscal year ending March 2027, the company cited as factors behind the expected decline in profit the concentration of CFCC business projects in the fiscal year ended March 2026, which caused them to be completed earlier than expected, and deteriorating business conditions in the steel cord business.
How to read this page
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