Worth reading
62In focus
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
192
¥ million (year-on-year increase in operating income)Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2026, full year11 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,494 million+0.7%
Operating profit¥1,959 million+10.9%
Ordinary income¥2,011 million+13.0%
Net income¥1,442 million+14.0%
Selling, general and administrative expenses¥3,301 million
Gross Profit Margin
Rate55.4%
Year-on-year change (points)Up 2.6 percentage points year on year
Operating profit margin
Rate20.6%
Year-on-year change (points)Up 1.9 points
Full-year earnings forecast
Fiscal year ending March 2027
Net SalesTo be determined
Operating profitTo be determined
Ordinary incomeTo be determined
Net income for the current fiscal yearTo be determined
Capital expenditures
¥957 million
Depreciation and amortization
¥659 million
EPSTo be determined
Dividend per shareTo be determined
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Total revenue+¥63 million
- Cost of sales-¥215 million
- Selling, general and administrative expenses+¥85 million
- Operating income+¥192 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Tungsten pricesDetailsExpected to remain at elevated levels, with the outlook still uncertain
- Method of passing raw material costs on to selling pricesDetailsUndetermined at present
New initiatives
- Launched 14 new models in the market during the fiscal year ending March 2026
- Expanded the MUGEN COATING Premium Plus coating series from 6 to 9 models
- Planned capital investment of ¥957 million in the fiscal year ending March 2027 to upgrade production equipment and improve production efficiency
Key KPIsA metric the company considers important as a management benchmark.
- Small-diameter product ratio80.4 %Year on year against the same period last year+0.5 percentage points year on year
- Overseas revenue ratio34.6 %Year on year against the same period last year+1.3 percentage points
- Equity ratio90.1 %Year on year against the same period last year-1.3 percentage points
Financial targets
Actual results
Equity ratio90.1%
ROE8.0%
Market Size / Share
- Production value of machine tools¥4,620 100 millionRecord period2025
- Production value of cemented carbide tools¥2,958 100 millionSales mix64.0%
Number of employees
Number of Employees364 people
Change during the period+6 people (+1.7% year on year)
Capital expenditures
¥486 million
Annual Dividend
Annual dividend per share¥30
Breakdown
Interim15
End of period15
Payout ratio
51.4%Acquisition of treasury shares
Reference was made to actual share repurchases (the amount, number of shares and period under the repurchase authorization were not disclosed)| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥9,494 million (YoY +0.7%) |
| Operating profit | ¥1,959 million (YoY +10.9%) |
| Ordinary income | ¥2,011 million (YoY +13.0%) |
| Net income | ¥1,442 million (YoY +14.0%) |
| Gross Profit Margin | Rate 55.4% / Year-on-year change (points) Up 2.6 percentage points year on year |
| Operating profit margin | Rate 20.6% / Year-on-year change (points) Up 1.9 points |
| Selling, general and administrative expenses | ¥3,301 million |
| Full-year earnings forecast | Fiscal year ending March 2027 Net Sales To be determined / Operating profit To be determined / Ordinary income To be determined / Net income for the current fiscal year To be determined / Capital expenditures ¥957 million / Depreciation and amortization ¥659 million / EPS To be determined / Dividend per share To be determined |
| Breakdown of Factors Affecting the Change | Factors Total revenue / Amount +¥63 million, Factors Cost of sales / Amount -¥215 million, Factors Selling, general and administrative expenses / Amount +¥85 million, Factors Operating income / Amount +¥192 million |
| Key KPIs | Indicator name Small-diameter product ratio / Value 80.4 % / Year on year against the same period last year +0.5 percentage points year on year, Indicator name Overseas revenue ratio / Value 34.6 % / Year on year against the same period last year +1.3 percentage points, Indicator name Equity ratio / Value 90.1 % / Year on year against the same period last year -1.3 percentage points |
| Number of employees | Number of Employees 364 people / Change during the period +6 people (+1.7% year on year) |
| Assumptions Underlying the Business Outlook | Item Tungsten prices / Details Expected to remain at elevated levels, with the outlook still uncertain, Item Method of passing raw material costs on to selling prices / Details Undetermined at present |
| Financial targets | Actual results Equity ratio 90.1% / ROE 8.0% |
| Annual Dividend | Annual dividend per share ¥30 / Breakdown Interim 15 / End of period 15 |
| Payout ratio | 51.4% |
| Acquisition of treasury shares | Reference was made to actual share repurchases (the amount, number of shares and period under the repurchase authorization were not disclosed) |
| Capital expenditures | ¥486 million |
| Market Size / Share | Item Production value of machine tools / Value ¥4,620 100 million / Record period ¥2025 100 million, Item Production value of cemented carbide tools / Value ¥2,958 100 million / Sales mix 64.0% |
| New initiatives | Launched 14 new models in the market during the fiscal year ending March 2026, Expanded the MUGEN COATING Premium Plus coating series from 6 to 9 models, Planned capital investment of ¥957 million in the fiscal year ending March 2027 to upgrade production equipment and improve production efficiency |
Items this document does not state (10)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsOrders received and order backlogKey points of the Q&A
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.Steady demand related to AI and data centers, as well as overseas demand related to automobiles and optics, and lower cost of sales resulting from the benefits of mass production through higher output and cost reductions, were cited as factors behind the increase in earnings. The company cited surging tungsten prices, supply constraints and uncertainty over how to pass raw material costs on to selling prices as reasons for not disclosing a forecast for the fiscal year ending March 2027.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.