Results for this period
Interim period (second quarter)1 April 2026–30 September 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.
Net sales declined due to the decrease in the order backlog at the beginning of the period and the shift of shipment and acceptance timing for certain overseas projects to the second half of the fiscal year. Operating income declined due to the decrease in net sales and an increase in fixed costs, including personnel expenses and depreciation. Order intake increased as the company captured demand for overseas vessels and CO₂ recovery plants, among other areas.
No applicable items
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2026–30 September 2026 |
| Net Sales | 20,564 Millions of yen (YoY -6.1%) |
| Operating profit | 1,609 Millions of yen (YoY -11.7%) |
| Ordinary income | 1,913 Millions of yen (YoY -0.8%) |
| Profit attributable to owners of the parent | 1,352 Millions of yen (YoY -4.7%) |
| Net income per share | ¥51.41 |
| Equity ratio | End of the current fiscal period 76.9 / End of previous period 75.9 |
| Total assets | 84,458 Millions of yen |
| Net assets | 65,219 Millions of yen |
| Cash flows from operating activities | 750 Millions of yen |
| Cash flows from investing activities | -856 Millions of yen |
| Cash flows from financing activities | -1,575 Millions of yen |
| Cash and cash equivalents at end of period | 10,239 Millions of yen |
| Full-year earnings forecast | Net Sales 44,000 Millions of yen (YoY -2.0%) / Operating profit 3,300 Millions of yen (YoY -0.1%) / Ordinary income 3,600 Millions of yen (YoY -0.6%) / Net income 3,500 Millions of yen (YoY +1.5%) |
| Revision to Earnings Forecast | Whether revised Yes / Net Sales Not disclosed / Operating profit Not disclosed / Ordinary income Not disclosed / Net income Not disclosed |
| Annual Dividend Forecast | 55 Yen → 55 Yen（0.0%） |
| Segment revenue | Heat exchangers 8,457 Millions of yen (YoY -2.7%), Process engineering 9,590 Millions of yen (YoY -9.7%), Valves 2,502 Millions of yen (YoY -1.3%), Other 14 Millions of yen (YoY -69.9%) |
| Segment profit | Heat exchangers 880 Millions of yen (YoY +51.7%), Process engineering 553 Millions of yen (YoY -53.7%), Valves 246 Millions of yen (YoY +66.7%), Other △0 |
| Orders received and order backlog | Orders received 22,386 Millions of yen / Order backlog 26,858 Millions of yen |
| Depreciation and amortization | 925 Millions of yen |
| Impairment loss | None applicable (material impairment loss on fixed assets) |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 1 Millions of yen / Extraordinary loss Loss on disposal and sale of non-current assets 11 Millions of yen, Disaster-Related Costs 12 Millions of yen |
| Disclosure regarding the going concern assumption | No applicable items |
| Change in accounting policy | Changes due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name Not disclosed |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 28,732,800 Shares |
| Treasury Shares at Period-End | 2,399,227 Shares |
| Factors Behind Changes in Business Performance | Net sales declined due to the decrease in the order backlog at the beginning of the period and the shift of shipment and acceptance timing for certain overseas projects to the second half of the fiscal year. Operating income declined due to the decrease in net sales and an increase in fixed costs, including personnel expenses and depreciation. Order intake increased as the company captured demand for overseas vessels and CO₂ recovery plants, among other areas. |
Items this document does not state (5)
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.Net sales declined due to a lower order backlog at the beginning of the period than in the same period of the previous year, as well as the shift of shipment and acceptance timing for certain overseas projects to the second half of the fiscal year. Operating income declined due to the decrease in net sales and an increase in fixed costs, including personnel expenses and depreciation. Order intake increased as the company captured demand for overseas vessels and CO₂ recovery plants, among other areas.