Worth reading
80Important
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
822
¥ million (operating profit for the fiscal year ending March 2026)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFiscal year ending March 2026, full year15 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥17,446 million+5.1%
Operating profit¥822 million+68.5%
Ordinary income¥883 million+46.5%
Net income¥573 million +34.6%net income attributable to owners of the parent
Operating profit margin4.7%, up 1.8 percentage points year on year (change from the 2.9% operating margin stated in the materials to 4.7%)
Full-year earnings forecast
Net Sales
¥26,000 million
Operating profit
¥700 million
Ordinary income
¥780 million
Net income
¥520 million net income attributable to owners of the parent
Earnings per share
¥26.56
Annual Dividend
¥40
DOE
4 %
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Fiscal year ending March 2026
Net Sales98.7%
Operating profit137.1%
Ordinary income126.2%
Net income124.6%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Revenue fell slightly short of the forecast, while profit at each level exceeded the forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
FY2026 operating profit versus the previous fiscal yearIncrease in revenue +¥851 million, higher raw material costs ▲¥455 million, lower outsourced processing costs +¥36 million, other variable costs +¥183 million, personnel expenses ▲¥172 million, equipment-related expenses ▲¥88 million, and other fixed costs ▲¥20 million
Operating income for the fiscal year ended March 2026 versus forecastRevenue ▲¥224 million, raw material costs ▲¥90 million, outsourced processing costs +¥106 million, other variable costs +¥9 million, personnel expenses +¥233 million, equipment-related expenses +¥38 million, and other fixed costs +¥139 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
APT price3,000
APT price unitUS dollars/10 kg
Foreign exchange155
Foreign exchange unit¥/US$
New initiatives
- Began considering a business partnership with ダイジェット工業 to expand sales channels for alloys using reduced amounts of tungsten and cobalt
- The company will change to a two-representative-director structure from 24 June 2026
- Plans to introduce an NC lathe, a work changer robot, and a 100-ton automated press robot
- Signed a contract with a local agent in India and began sales activities
- Aims to use recycled materials for approximately 10% of cemented carbide wear-resistant tools and dies
- Considering M&A and business partnerships to realize new businesses
Key KPIsA metric the company considers important as a management benchmark.
- Overseas Revenue Mix22.7 %Year on year against the same period last year+3.2 percentage points
- Industry share35 %Year on year against the same period last yearUp from 33.3% in the fiscal year ended March 2025
- Number of customers3,000 companies approximately
- Automation operating rate40 %
- ROE2.8 %Year on year against the same period last yearImproved from 2.1%
- PBR1.11 timesYear on year against the same period last yearUp from approximately 0.72 times
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Sales volume is expected to decline from the previous fiscal year. Selling prices are expected to rise following price revisions in response to higher raw material costs. The materials state that the average unit price of finished products is 3–4 times the industry average.Medium-term management plan targets
ROE7.0% or higher (fiscal year ending March 2027)
PBR1x or higher (fiscal year ending March 2027)
DOETargeting approximately 4% (fiscal year ending March 2027)
Overseas Revenue Mix25% or higher (fiscal year ending March 2027)
Financial targets
ROE
Target7.0% or more
Actual results2.8%
PBR
TargetAt least 1x
Actual resultsApproximately 1.11x
DOE
TargetTargeting approximately 4%
Actual results3.8%
Equity ratio
Actual results79.6%
Market Size / Share
Shipments of ¥515.1 billion in fiscal 2025, according to the Japan Machine Tool Builders' Association. Wear-resistant tools: ¥36.9 billion
Share冨士ダイス 35.0%; more than 30% of Japan's cemented carbide wear-resistant tool industry
Number of stores and locations
In Japan, there are 5 production and sales sites, 2 production sites, and 5 sales sites. Overseas production and sales sites are located in 2 countries, Thailand and Indonesia, while sales sites are located in 3 countries, China, Malaysia, and India. The number of openings and closures during the period was Not disclosed.Number of employees
1,078 people at the end of the fiscal year ended March 2026, consolidated
Capital expenditures
¥160 million automation investment
Annual Dividend
¥40 per share
End of period¥40.0 (planned, subject to approval at the general meeting of shareholders)
Payout ratio
The dividend policy has changed from a conventional payout ratio to DOE. The DOE target is approximately 4%. The payout ratio was Not disclosed.Acquisition of treasury shares
310
Amount unit¥ million (expenditure for the acquisition)
Period18 August–4 December 2025
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Fiscal year ending March 2026, full year |
| Net Sales | ¥17,446 million (YoY +5.1%) |
| Operating profit | ¥822 million (YoY +68.5%) |
| Ordinary income | ¥883 million (YoY +46.5%) |
| Net income | ¥573 million (net income attributable to owners of the parent) (YoY +34.6%) |
| Operating profit margin | 4.7%, up 1.8 percentage points year on year (change from the 2.9% operating margin stated in the materials to 4.7%) |
| Full-year earnings forecast | Net Sales ¥26,000 million / Operating profit ¥700 million / Ordinary income ¥780 million / Net income ¥520 million (net income attributable to owners of the parent) / Earnings per share ¥26.56 / Annual Dividend ¥40 / DOE 4 % |
| Progress against full-year forecast | Fiscal year ending March 2026 Net Sales 98.7% / Operating profit 137.1% / Ordinary income 126.2% / Net income 124.6% |
| Self-assessment against the plan | Revenue fell slightly short of the forecast, while profit at each level exceeded the forecast |
| Breakdown of Factors Affecting the Change | FY2026 operating profit versus the previous fiscal year Increase in revenue +¥851 million, higher raw material costs ▲¥455 million, lower outsourced processing costs +¥36 million, other variable costs +¥183 million, personnel expenses ▲¥172 million, equipment-related expenses ▲¥88 million, and other fixed costs ▲¥20 million / Operating income for the fiscal year ended March 2026 versus forecast Revenue ▲¥224 million, raw material costs ▲¥90 million, outsourced processing costs +¥106 million, other variable costs +¥9 million, personnel expenses +¥233 million, equipment-related expenses +¥38 million, and other fixed costs +¥139 million |
| Key KPIs | Indicator name Overseas Revenue Mix / Value 22.7 % / Year on year against the same period last year +3.2 percentage points, Indicator name Industry share / Value 35 % / Year on year against the same period last year Up from 33.3% in the fiscal year ended March 2025, Indicator name Number of customers / Value 3,000 companies (approximately) / Year on year against the same period last year Not disclosed, Indicator name Automation operating rate / Value 40 % / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 2.8 % / Year on year against the same period last year Improved from 2.1%, Indicator name PBR / Value 1.11 times / Year on year against the same period last year Up from approximately 0.72 times |
| Unit price and quantity metrics | Sales volume is expected to decline from the previous fiscal year. Selling prices are expected to rise following price revisions in response to higher raw material costs. The materials state that the average unit price of finished products is 3–4 times the industry average. |
| Number of stores and locations | In Japan, there are 5 production and sales sites, 2 production sites, and 5 sales sites. Overseas production and sales sites are located in 2 countries, Thailand and Indonesia, while sales sites are located in 3 countries, China, Malaysia, and India. The number of openings and closures during the period was Not disclosed. |
| Number of employees | 1,078 people (at the end of the fiscal year ended March 2026, consolidated) |
| Assumptions Underlying the Business Outlook | APT price 3,000 / APT price unit US dollars/10 kg / Foreign exchange 155 / Foreign exchange unit ¥/US$ |
| Medium-term management plan targets | ROE 7.0% or higher (fiscal year ending March 2027) / PBR 1x or higher (fiscal year ending March 2027) / DOE Targeting approximately 4% (fiscal year ending March 2027) / Overseas Revenue Mix 25% or higher (fiscal year ending March 2027) |
| Financial targets | ROE Target 7.0% or more / Actual results 2.8% / PBR Target At least 1x / Actual results Approximately 1.11x / DOE Target Targeting approximately 4% / Actual results 3.8% / Equity ratio Actual results 79.6% |
| Annual Dividend | ¥40 per share |
| Payout ratio | The dividend policy has changed from a conventional payout ratio to DOE. The DOE target is approximately 4%. The payout ratio was Not disclosed. |
| Acquisition of treasury shares | Amount 310 / Amount unit ¥ million (expenditure for the acquisition) / Number of Shares Not disclosed / Period 18 August–4 December 2025 |
| Capital expenditures | ¥160 million (automation investment) |
| Market Size / Share | Market Size Shipments of ¥515.1 billion in fiscal 2025, according to the Japan Machine Tool Builders' Association. Wear-resistant tools: ¥36.9 billion / Share 冨士ダイス 35.0%; more than 30% of Japan's cemented carbide wear-resistant tool industry |
| New initiatives | Began considering a business partnership with ダイジェット工業 to expand sales channels for alloys using reduced amounts of tungsten and cobalt, The company will change to a two-representative-director structure from 24 June 2026, Plans to introduce an NC lathe, a work changer robot, and a 100-ton automated press robot, Signed a contract with a local agent in India and began sales activities, Aims to use recycled materials for approximately 10% of cemented carbide wear-resistant tools and dies, Considering M&A and business partnerships to realize new businesses |
Items this document does not state (7)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterSegment resultsRisk amount incorporated into the outlookOrders 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.The increase in operating income for the fiscal year ended March 2026 was attributable to higher revenue, lower outsourced processing costs resulting from efficiency measures, and lower electricity and fuel costs. The decrease in operating income expected for the fiscal year ending March 2027 reflects anticipated increases in raw material costs and lower sales volumes following price revisions.
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.
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