Worth reading
56In focus
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
33.2
Year-on-year decrease in revenue (%)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales32,285Millions of yenYear on year -33.2%Progress 129.1%
Operating profit1,599Millions of yenYear on year -4.9%Progress 106.6%
Ordinary income1,706Millions of yenYear on year -9.9%Progress 106.6%
Net income attributable to owners of the parent1,313Millions of yenYear on year +45.0%Progress 119.4%
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¥86.79
Operating Margin5
Financial position at period-end
Total assets57,785Millions of yen
of which net assets 39,400 Millions of yenEquity ratio 68.2%vs. prior year-end +6.2pt
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.
Cash inflows and outflows
Operating+4,703
Investment-839
Financials-3,419
Net change+445
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.
Cash and cash equivalents at end of period11,628 Millions of yen
Segment revenueCoating machinery and related equipment ¥25,348,701 thousand (YoY -39.7%), Chemical machinery and related equipment ¥5,478,119 thousand (YoY +17.9%), Other ¥1,458,553 thousand (YoY -13.6%)
Segment profitCoating machinery and related equipment ¥2,554,807 thousand (YoY +0.5%), Chemical machinery and related equipment ¥962,061 thousand (YoY +227.8%), Other ¥-183,390 thousand
Regional salesThe current consolidated fiscal year Japan ¥8,853,931 thousand / East Asia ¥6,017,242 thousand / Europe ¥20,207 thousand / North America ¥15,897,463 thousand / Other regions ¥1,496,528 thousand / Previous consolidated fiscal year Japan ¥5,366,209 thousand / East Asia ¥4,082,423 thousand / Europe ¥80,107 thousand / North America ¥37,860,928 thousand / Other regions ¥965,859 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales25,000 Millions of yen (YoY -22.6%)
Operating profit1,500 Millions of yen (YoY -6.2%)
Ordinary income1,600 Millions of yen (YoY -6.3%)
Net income1,100 Millions of yen (YoY -16.3%)
Annual Dividend Forecast¥90 → ¥84（-6.7%）
Payout ratio96.8
Shareholder Return PolicyDistributions will be made with reference to the higher of a 3.5% dividend-on-equity ratio or a 60% dividend payout ratio
Factors Behind Changes in Business Performance
The slowdown in the North American EV market and the contraction in EV-related investment following a shift in U.S. policy led major customers to revise or postpone their capital investment plans, and some projects were cancelled. As a result, the volume of orders for EV-related machinery and equipment and the number of projects involving related services declined. Meanwhile, a review of order terms progressed in some projects, mitigating the downside in profit to a certain extent.
Disclosure regarding the going concern assumption
No applicable matters
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 consolidationNew 0 companies (no company names provided) / Excluded 0 companies (no company names provided)
Material subsequent eventsNo applicable matters.
Impairment lossNot applicable for the current fiscal year
Breakdown of extraordinary income (loss)Extraordinary income No applicable matters / Extraordinary loss No applicable matters
Depreciation and amortization¥828,285 thousand
Orders received and order backlogOrders received ¥23,605,440 thousand / Order backlog ¥31,649,790 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable Yes / Subject person Institutional investors and analysts
Issued Shares at Period-End15,394,379
Treasury Shares at Period-End256,504
| 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 | 32,285 Millions of yen (YoY -33.2%) |
| Operating profit | 1,599 Millions of yen (YoY -4.9%) |
| Ordinary income | 1,706 Millions of yen (YoY -9.9%) |
| Profit attributable to owners of the parent | 1,313 Millions of yen (YoY +45.0%) |
| Net income per share | ¥86.79 |
| Operating Margin | 5 |
| Equity ratio | End of the current fiscal period 68.2 / End of previous period 62 |
| Total assets | 57,785 Millions of yen |
| Net assets | 39,400 Millions of yen |
| Cash flows from operating activities | 4,703 Millions of yen |
| Cash flows from investing activities | -839 Millions of yen |
| Cash flows from financing activities | -3,419 Millions of yen |
| Cash and cash equivalents at end of period | 11,628 Millions of yen |
| Full-year earnings forecast | Net Sales 25,000 Millions of yen (YoY -22.6%) / Operating profit 1,500 Millions of yen (YoY -6.2%) / Ordinary income 1,600 Millions of yen (YoY -6.3%) / Net income 1,100 Millions of yen (YoY -16.3%) |
| Annual Dividend Forecast | ¥90 → ¥84（-6.7%） |
| Payout ratio | 96.8 |
| Shareholder Return Policy | Distributions will be made with reference to the higher of a 3.5% dividend-on-equity ratio or a 60% dividend payout ratio |
| Segment revenue | Coating machinery and related equipment ¥25,348,701 thousand (YoY -39.7%), Chemical machinery and related equipment ¥5,478,119 thousand (YoY +17.9%), Other ¥1,458,553 thousand (YoY -13.6%) |
| Segment profit | Coating machinery and related equipment ¥2,554,807 thousand (YoY +0.5%), Chemical machinery and related equipment ¥962,061 thousand (YoY +227.8%), Other ¥-183,390 thousand |
| Regional sales | The current consolidated fiscal year Japan ¥8,853,931 thousand / East Asia ¥6,017,242 thousand / Europe ¥20,207 thousand / North America ¥15,897,463 thousand / Other regions ¥1,496,528 thousand / Previous consolidated fiscal year Japan ¥5,366,209 thousand / East Asia ¥4,082,423 thousand / Europe ¥80,107 thousand / North America ¥37,860,928 thousand / Other regions ¥965,859 thousand |
| Orders received and order backlog | Orders received ¥23,605,440 thousand / Order backlog ¥31,649,790 thousand |
| Depreciation and amortization | ¥828,285 thousand |
| Impairment loss | Not applicable for the current fiscal year |
| Breakdown of extraordinary income (loss) | Extraordinary income No applicable matters / Extraordinary loss No applicable matters |
| 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 | No applicable matters. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable Yes / Subject person Institutional investors and analysts |
| Issued Shares at Period-End | 15,394,379 |
| Treasury Shares at Period-End | 256,504 |
| Factors Behind Changes in Business Performance | The slowdown in the North American EV market and the contraction in EV-related investment following a shift in U.S. policy led major customers to revise or postpone their capital investment plans, and some projects were cancelled. As a result, the volume of orders for EV-related machinery and equipment and the number of projects involving related services declined. Meanwhile, a review of order terms progressed in some projects, mitigating the downside in profit to a certain extent. |
Items this document does not state (1)
Revision to Earnings Forecast
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 EV market slowed in North America, the Company’s principal market, and EV-related investment declined significantly following a shift in U.S. policy. As a result, major customers successively revised their capital investment plans or postponed the timing of investment. Outsourcing costs and other expenses also increased in some projects.
How to read this page
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