Worth reading
39Recurring
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
217
¥ million (variance from the initial revenue forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationSecond quarter of the fiscal year ending August 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,124 million-64.0%
Operating profit¥6 million-99.1%
Ordinary income¥14 million-97.8%
Net income¥-49 million
Gross Profit Margin52
Operating profit margin0.5
Selling, general and administrative expenses¥578 million
Full-year earnings forecast
Net Sales
¥8,014 million
Gross profit
¥1,952 million
Operating profit
¥760 million
Ordinary income
¥766 million
Profit attributable to owners of the parent
¥531 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Current earnings remain within the initial forecast.Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
A large domestic project is scheduled to be recognized as revenue in the fourth quarter, so performance is expected to be weighted toward the second half. Quantitative assumptions: not disclosedNew initiatives
- Capital alliance with Gosan Tech Co., Ltd. (March 2026; investment by NPC)
- Entry into inkjet coating equipment for upstream perovskite solar cell processes
- Expansion of the standard product lineup for solar panel recycling equipment
- Investment in M&A, human capital, procurement and production systems, and research and development
Key KPIsA metric the company considers important as a management benchmark.
- Orders received¥3,574 millionYear on year against the same period last year+237.5%
- Order backlog¥9,173 millionYear on year against the same period last year+52.5%
Medium-term management plan targets
The envisioned revenue mix is to shift to First Solar:perovskite:solar panel recycling equipment:Other = 4:3:2:1.Market Size / Share
- Global perovskite solar cell market¥1,476 100 million 2025
- Global perovskite solar cell market¥39,480 100 million 2040 forecast
- Share of solar power in newly installed power sources in the United States54 % 2025
Orders received and order backlog
Orders received
¥3,574 million
Year on year against the same period last year+237.5%
Order backlog
¥9,173 million
Year on year against the same period last year+52.5%
Acquisition of treasury shares
Approximately ¥500 million
Number of SharesApproximately 3.2% of total shares outstanding
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending August 2026 |
| Net Sales | ¥1,124 million (YoY -64.0%) |
| Operating profit | ¥6 million (YoY -99.1%) |
| Ordinary income | ¥14 million (YoY -97.8%) |
| Net income | ¥-49 million |
| Gross Profit Margin | 52 |
| Operating profit margin | 0.5 |
| Selling, general and administrative expenses | ¥578 million |
| Full-year earnings forecast | Net Sales ¥8,014 million / Gross profit ¥1,952 million / Operating profit ¥760 million / Ordinary income ¥766 million / Profit attributable to owners of the parent ¥531 million |
| Self-assessment against the plan | Current earnings remain within the initial forecast. |
| Key KPIs | Indicator name Orders received / Value ¥3,574 million / Year on year against the same period last year ¥237.5 million, Indicator name Order backlog / Value ¥9,173 million / Year on year against the same period last year ¥52.5 million |
| Assumptions Underlying the Business Outlook | A large domestic project is scheduled to be recognized as revenue in the fourth quarter, so performance is expected to be weighted toward the second half. Quantitative assumptions: not disclosed |
| Medium-term management plan targets | The envisioned revenue mix is to shift to First Solar:perovskite:solar panel recycling equipment:Other = 4:3:2:1. |
| Acquisition of treasury shares | Amount Approximately ¥500 million / Number of Shares Approximately 3.2% of total shares outstanding / Period Not disclosed |
| Orders received and order backlog | Orders received ¥3,574 million / Order backlog ¥9,173 million |
| Market Size / Share | Global perovskite solar cell market ¥1,476 100 million (2025), Global perovskite solar cell market ¥39,480 100 million (2040 forecast), Share of solar power in newly installed power sources in the United States 54 % (2025) |
| New initiatives | Capital alliance with Gosan Tech Co., Ltd. (March 2026; investment by NPC), Entry into inkjet coating equipment for upstream perovskite solar cell processes, Expansion of the standard product lineup for solar panel recycling equipment, Investment in M&A, human capital, procurement and production systems, and research and development |
Items this document does not state (13)
Results for the three months of the current quarterProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioCapital expendituresKey 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.Revenue exceeded the initial forecast due to an increase in the volume of relocation work for First Solar and strong sales of parts. Profit margins improved as a result of higher sales of high-margin relocation work and parts, as well as lower costs on projects including modification work.
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.