Worth reading
65In focus
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
-111
Millions of yen (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,392 million+4.0%
Operating profit¥137 million-44.9%
Ordinary income¥127 million-52.7%
Net income¥78 million-49.1%
Results for the three months of the current quarterFirst-quarter revenue, operating profit, ordinary profit and net income attributable to owners of the parent (revenue: ¥7,392 million; operating profit: ¥137 million; ordinary profit: ¥127 million; net income: ¥78 million)
Full-year earnings forecast
Consolidated revenue
308 Hundreds of millions of yen
Annual Dividend
¥75
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Higher revenue, etc.¥58 million
- Price revision¥103 million
- Inventory valuation, etc.¥116 million
- Raw material price surge¥-442 million
- Increase in labor costs¥-42 million
- Other (cost of sales items)¥38 million
- Increase in personnel expenses¥-27 million
- Expo sponsorship expenses (previous-period expense)¥54 million
- Other (SG&A items)¥30 million
New initiatives
- Implemented price revisions from June in response to higher raw material prices
- Established the B&D Headquarters to integrate planning, sales, public relations and other functions across the organization
- Opened the Nishiazabu office
- Developing the non-residential market, expanding sales of high-value-added products and broadening the water-related products business
- Listed new products in the IENI and RAINY series featuring ultra-fine bubble technology in the catalog
- Exhibited at Kitchen & Bath China 2026
Key KPIsA metric the company considers important as a management benchmark.
- PBR0.67 times
- PER8 times
- ROE8.4 %
- Number of products listed6,000 items
Financial targets
P/B ratio target1 times
Target timingMedium- to Long-Term Outlook
Number of employees
Consolidated827 People
Standalone630 People
Record dateEnd of March 2026
Annual Dividend
¥75
Interim37
End of period38
Payout ratio
26.8 %
| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net Sales | ¥7,392 million (YoY +4.0%) |
| Operating profit | ¥137 million (YoY -44.9%) |
| Ordinary income | ¥127 million (YoY -52.7%) |
| Net income | ¥78 million (YoY -49.1%) |
| Results for the three months of the current quarter | First-quarter revenue, operating profit, ordinary profit and net income attributable to owners of the parent (revenue: ¥7,392 million; operating profit: ¥137 million; ordinary profit: ¥127 million; net income: ¥78 million) |
| Full-year earnings forecast | Consolidated revenue 308 Hundreds of millions of yen / Annual Dividend ¥75 |
| Breakdown of Factors Affecting the Change | Factors Higher revenue, etc. / Amount ¥58 million, Factors Price revision / Amount ¥103 million, Factors Inventory valuation, etc. / Amount ¥116 million, Factors Raw material price surge / Amount ¥-442 million, Factors Increase in labor costs / Amount ¥-42 million, Factors Other (cost of sales items) / Amount ¥38 million, Factors Increase in personnel expenses / Amount ¥-27 million, Factors Expo sponsorship expenses (previous-period expense) / Amount ¥54 million, Factors Other (SG&A items) / Amount ¥30 million |
| Key KPIs | Indicator name PBR / Value 0.67 times / Year on year against the same period last year Not disclosed, Indicator name PER / Value 8 times / Year on year against the same period last year Not disclosed, Indicator name ROE / Value 8.4 % / Year on year against the same period last year Not disclosed, Indicator name Number of products listed / Value 6,000 items / Year on year against the same period last year Not disclosed |
| Number of employees | Consolidated 827 People / Standalone 630 People / Record date End of March 2026 |
| Financial targets | P/B ratio target 1 times / Target timing Medium- to Long-Term Outlook |
| Annual Dividend | ¥75 |
| Payout ratio | 26.8 % |
| New initiatives | Implemented price revisions from June in response to higher raw material prices, Established the B&D Headquarters to integrate planning, sales, public relations and other functions across the organization, Opened the Nishiazabu office, Developing the non-residential market, expanding sales of high-value-added products and broadening the water-related products business, Listed new products in the IENI and RAINY series featuring ultra-fine bubble technology in the catalog, Exhibited at Kitchen & Bath China 2026 |
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.Higher prices for key materials such as brass and bronze, the inability to absorb the increase in material costs during the first quarter because the price revisions were implemented in June, and higher labor and personnel expenses following base-pay increases all weighed on profit. Profit was also supported by the absence in the current period of Expo sponsorship expenses recorded in the previous period.
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.