Komori
Earnings5994FINE SINTER CO.,LTD.Construction and Materials

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

Interim-period net sales were up 0.3% year on year, remaining broadly flat, while operating profit fell 79.9% and interim net income attributable to owners of the parent fell 64.9%. The full-year earnings forecast was revised, with an outlook of net sales of ¥46,000 million and operating profit of ¥800 million, among other figures.

Worth reading
47Recurring
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
-79.9
Year-on-year change (operating profit, %)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026–30 September 2026ConsolidatedJapanese GAAP
Net Sales23,119¥ millionYear on year +0.3%Progress 50.3%
Operating profit241¥ millionYear on year -79.9%Progress 30.1%
Ordinary income26¥ millionYear on year -97.4%Progress 7.2%
Net income attributable to owners of the parent324¥ millionYear on year -64.9%

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¥75.85
Financial position at period-end
Total assets45,049¥ million
of which net assets 14,667 ¥ millionEquity ratio 31.1%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.

Segment revenueAutomotive sintered-products business 21,158,767 Thousand yen (YoY +1.0%), Railway sintered-products business 956,729 Thousand yen (YoY -19.5%), Hydraulic-equipment products business 998,654 Thousand yen (YoY +11.5%)
Segment profitAutomotive sintered-products business 1,169,698 Thousand yen (YoY -44.0%), Railway sintered-products business 216,897 Thousand yen (YoY -37.6%), Hydraulic-equipment products business 218,087 Thousand yen (YoY +6.2%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥46,000 million (YoY -0.4%)
Operating profit¥800 million (YoY -33.1%)
Ordinary income¥360 million (YoY -52.3%)
Profit attributable to owners of the parent¥140 million
Revision to Earnings ForecastNot disclosed → Net Sales 46,000 / Operating profit 800 / Ordinary income 360 / Profit attributable to owners of the parent 140
Annual Dividend Forecast25 Yen → 25 Yen(0.0%)
Factors Behind Changes in Business Performance

The automotive sintered products business posted higher sales, supported by the stable global production and sales of major customers, increased order volumes for inverter components for hybrid vehicles, and higher sales of engine components for Japan. Profit declined due to increases in raw material prices, energy prices and labor costs, the timing gap before these increases were reflected in selling prices, the reversal of price pass-through from the same period of the previous year, and the reversal of the previous year's special demand for brake linings for high-speed trains. The company recorded gains on the sale of investment securities and fixed assets as extraordinary income, and business structure improvement expenses as an extraordinary loss.

Disclosure regarding the going concern assumption

None.

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 consolidationNo additions or exclusions (no material changes to the scope of consolidation during the interim period)
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 123,108 Thousand yen, Gain on sale of investment securities 358,585 Thousand yen / Extraordinary loss Business structural improvement costs 105,588 Thousand yen
Depreciation and amortization4,234 Thousand yen
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End4,420,000 shares
Treasury Shares at Period-End141,427 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026–30 September 2026
Net Sales¥23,119 million (YoY +0.3%)
Operating profit¥241 million (YoY -79.9%)
Ordinary income¥26 million (YoY -97.4%)
Profit attributable to owners of the parent¥324 million (YoY -64.9%)
Net income per share¥75.85
Equity ratioEnd of the current fiscal period 31.1 / End of previous period 30.9
Total assets¥45,049 million
Net assets¥14,667 million
Full-year earnings forecastNet Sales ¥46,000 million (YoY -0.4%) / Operating profit ¥800 million (YoY -33.1%) / Ordinary income ¥360 million (YoY -52.3%) / Profit attributable to owners of the parent ¥140 million
Revision to Earnings ForecastNot disclosed → Net Sales 46,000 / Operating profit 800 / Ordinary income 360 / Profit attributable to owners of the parent 140
Annual Dividend Forecast25 Yen → 25 Yen(0.0%)
Segment revenueAutomotive sintered-products business 21,158,767 Thousand yen (YoY +1.0%), Railway sintered-products business 956,729 Thousand yen (YoY -19.5%), Hydraulic-equipment products business 998,654 Thousand yen (YoY +11.5%)
Segment profitAutomotive sintered-products business 1,169,698 Thousand yen (YoY -44.0%), Railway sintered-products business 216,897 Thousand yen (YoY -37.6%), Hydraulic-equipment products business 218,087 Thousand yen (YoY +6.2%)
Depreciation and amortization4,234 Thousand yen
Impairment lossNo applicable matters
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets 123,108 Thousand yen, Gain on sale of investment securities 358,585 Thousand yen / Extraordinary loss Business structural improvement costs 105,588 Thousand yen
Disclosure regarding the going concern assumptionNone.
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 consolidationNo additions or exclusions (no material changes to the scope of consolidation during the interim period)
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End4,420,000 shares
Treasury Shares at Period-End141,427 shares
Factors Behind Changes in Business PerformanceThe automotive sintered products business posted higher sales, supported by the stable global production and sales of major customers, increased order volumes for inverter components for hybrid vehicles, and higher sales of engine components for Japan. Profit declined due to increases in raw material prices, energy prices and labor costs, the timing gap before these increases were reflected in selling prices, the reversal of price pass-through from the same period of the previous year, and the reversal of the previous year's special demand for brake linings for high-speed trains. The company recorded gains on the sale of investment securities and fixed assets as extraordinary income, and business structure improvement expenses as an extraordinary loss.
Items this document does not state (10)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogMaterial 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.

Although the company proceeded with price adjustments in response to increases in raw material prices, energy prices and labor costs, part of the cost increases was not reflected in selling prices until the third quarter and later. Other factors reducing profit included the fact that fluctuations in raw material unit prices in prior years had been reflected in selling prices in the same period of the previous year, and the reversal of the previous year's special demand for brake linings for high-speed trains.

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.
Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | FINE SINTER CO.,LTD. (5994) timely disclosure | Komori