Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPThe 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.
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.
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The firearms business reported higher revenue and operating income due to increased deliveries of Type 20 rifles and spare parts, among other products, to the Ministry of Defense, as well as the recognition of revenue from a specific initiative contract. The building materials business reported higher revenue and operating income due to increased sales of soundproof sashes and the pass-through of higher costs. The specialty vehicles business reported lower revenue and operating income due to a decline in sales of street sweepers. The machine tool-related business saw its operating loss widen due to lower sales of machine tools, hydraulic and pneumatic equipment, and electronic machinery, deteriorating profitability, and inventory valuation losses on inventories for the Chinese market.
No applicable matters
| 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 | 24,064 Millions of yen (YoY -3.1%) |
| Operating profit | 1,186 Millions of yen (YoY -5.3%) |
| Ordinary income | 1,382 Millions of yen (YoY -2.2%) |
| Profit attributable to owners of the parent | 741 Millions of yen (YoY -1.1%) |
| Net income per share | ¥61.41 |
| Operating Margin | 4.9% |
| Equity ratio | End of the current fiscal period 58.7% / End of previous period 55.0% |
| Total assets | 35,826 Millions of yen |
| Net assets | 21,025 Millions of yen |
| Cash flows from operating activities | 4,811 Millions of yen |
| Cash flows from investing activities | -120 Millions of yen |
| Cash flows from financing activities | -1,441 Millions of yen |
| Cash and cash equivalents at end of period | 6,114 Millions of yen |
| Full-year earnings forecast | Net Sales 23,560 Millions of yen (YoY -2.1%) / Operating profit 1,410 Millions of yen (YoY +18.9%) / Ordinary income 1,580 Millions of yen (YoY +14.3%) / Net income 1,080 Millions of yen (YoY +45.7%) |
| Annual Dividend Forecast | ¥20.00 (actual for the fiscal year ended March 2026) → ¥20.00 (forecast for the fiscal year ending March 2027)（0.0%） |
| Payout ratio | 32.6% (fiscal year ended March 2026), 22.3% (forecast for the fiscal year ending March 2027) |
| Shareholder Return Policy | The company’s basic policy is to maintain stable and consistent dividends, and to strengthen shareholder returns by targeting a payout ratio of 30% when profits increase. |
| Segment revenue | Machine-tools business 5,421 Millions of yen (YoY -22.1%) / Firearms 8,965 Millions of yen (YoY +13.4%) / Special-purpose vehicles 2,922 Millions of yen (YoY -12.2%) / Building materials 3,232 Millions of yen (YoY +7.2%) / Real Estate Leasing 508 Millions of yen (YoY +2.8%) / Domestic sales subsidiaries 2,144 Millions of yen (YoY -2.4%) / Domestic transportation subsidiary 742 Millions of yen (YoY -4.4%) |
| Segment profit | Machine-tools business -1,017 Millions of yen / Firearms 1,255 Millions of yen / Special-purpose vehicles 37 Millions of yen / Building materials 276 Millions of yen / Real Estate Leasing 411 Millions of yen / Domestic sales subsidiaries 102 Millions of yen / Domestic transportation subsidiary 48 Millions of yen |
| Orders received and order backlog | Orders received 22,454 Millions of yen / Order backlog 7,603 Millions of yen |
| Depreciation and amortization | 593 Millions of yen |
| Impairment loss | 38 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of investment securities 216 Millions of yen, Gain on sale of non-current assets 8 Millions of yen / Extraordinary loss Impairment Losses 38 Millions of yen, Loss on disposal and sale of non-current assets 1 Millions of yen, Impairment Losses on Shares of Affiliates 116 Millions of yen, Business restructuring loss 112 Millions of yen, Other 0 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable matters |
| 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 (no company names provided) / Excluded 0 companies (no company names provided) |
| Material subsequent events | On 1 April 2026, the company absorbed 株式会社豊苑, a wholly owned subsidiary. On 27 April 2026, the company resolved to dissolve and liquidate 丰和（天津）机床有限公司, a wholly owned subsidiary, and recognized a business restructuring loss of ¥112 million. On 1 April 2026, the company acquired 51% of the shares of マシンサービス株式会社, making it a subsidiary. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 12,548,134 Shares |
| Treasury Shares at Period-End | 476,889 Shares |
| Factors Behind Changes in Business Performance | The firearms business reported higher revenue and operating income due to increased deliveries of Type 20 rifles and spare parts, among other products, to the Ministry of Defense, as well as the recognition of revenue from a specific initiative contract. The building materials business reported higher revenue and operating income due to increased sales of soundproof sashes and the pass-through of higher costs. The specialty vehicles business reported lower revenue and operating income due to a decline in sales of street sweepers. The machine tool-related business saw its operating loss widen due to lower sales of machine tools, hydraulic and pneumatic equipment, and electronic machinery, deteriorating profitability, and inventory valuation losses on inventories for the Chinese market. |
Items this document does not state (2)
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 firearms business reported higher revenue and operating income due to increased deliveries of rifles and equipment to the Ministry of Defense and the recognition of revenue from a specific initiative contract. The building materials business also reported higher revenue and operating income, supported by increased sales of soundproof sashes and the pass-through of higher costs. Meanwhile, the machine tool-related business saw its operating loss widen due to weaker capital investment demand, lower sales in the Chinese market, deteriorating profitability and inventory valuation losses. The specialty vehicles business reported lower revenue and operating income due to a decline in sales of street sweepers. For the fiscal year ending March 2027, the company expects the loss of revenue from the specific initiative contract to have an impact, but aims to increase operating income through structural reforms to the earnings structure of the machine tool-related business and improvements in the profitability of each business.