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
-37.3
Year-on-year change in revenue (%)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending August 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales5,811 million yen-37.3%
Operating profit846 million yen-55.9%
Ordinary income880 million yen-54.2%
Net income481 million yen-63.7%
Gross Profit Margin34.8 %
Operating profit margin14.6 %
Selling, general and administrative expenses1,178 million yen
Full-year earnings forecast
Net Sales
9,895 million yen
Gross profit
2,709 million yen
Selling, general and administrative expenses
1,329 million yen
Operating profit
1,380 million yen
Ordinary income
1,417 million yen
Profit before income taxes for the period
1,417 million yen
Profit attributable to owners of the parent
826 million yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Unrecorded acceptance of large domestic projects
1,200 million yen
Valuation loss on investment securities: unlisted shares of Gosan社
177 million yen
New initiatives
- Strengthen the provision and development of inkjet coating equipment for perovskite solar cells
- Rollout of new solar panel recycling equipment (broken glass separation equipment)
- Expand the standard product lineup
- Investments, including M&A of peer automated machinery manufacturers and metalworking-related companies
- Capital investment in the Matsuyama Plant
Key KPIsA metric the company considers important as a management benchmark.
- Orders received6,509 million yenYear-on-year (%)-17.8
- Order backlog7,421 million yenYear-on-year (%)10.4
- Expected average annual revenue growth rate12 %
- Expected revenue share excluding First Solar70～75
Medium-term management plan targets
Average annual sales growth rate10% or higher
Sales ratio excluding FS社At least 60%
Gross Profit MarginMaintain approximately 30%
Investment amountApproximately ¥4 billion over 5 years
Payout ratio25% (minimum DOE of 2%)
Target fiscal yearFY2031
Financial targets
ROEFY2031: 14.5%; five-year average: 10.9%
Market Size / Share
Japanese government target for domestic perovskite production capacity1 GW as of 2030
Total information disclosed by each companyApproximately 3 GW
Projected perovskite sales over the next 5 years
Domestic¥16 billion
Overseas expansion¥11 billion
Projected sales of solar panel recycling equipment over the next 5 years
Domestic¥8.5 billion
Overseas expansion¥1.5 billion
Orders received and order backlog
Orders received
6,509 million yen
Year-on-year (%)-17.8
Order backlog
7,421 million yen
Year-on-year (%)10.4
Annual Dividend
Fiscal year ending August 2026
End of period¥10 per share
Forecast for the fiscal year ending August 2027
Annual¥11 per share
Payout ratio
25%; minimum DOE of 2%Acquisition of treasury shares
Approximately ¥500 million
Number of sharesEquivalent to approximately 3.2% of total shares outstanding
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending August 2026 |
| Net Sales | 5,811 million yen (YoY -37.3%) |
| Operating profit | 846 million yen (YoY -55.9%) |
| Ordinary income | 880 million yen (YoY -54.2%) |
| Net income | 481 million yen (YoY -63.7%) |
| Gross Profit Margin | 34.8 % |
| Operating profit margin | 14.6 % |
| Selling, general and administrative expenses | 1,178 million yen |
| Full-year earnings forecast | Net Sales 9,895 million yen / Gross profit 2,709 million yen / Selling, general and administrative expenses 1,329 million yen / Operating profit 1,380 million yen / Ordinary income 1,417 million yen / Profit before income taxes for the period 1,417 million yen / Profit attributable to owners of the parent 826 million yen |
| Breakdown of Factors Affecting the Change | Unrecorded acceptance of large domestic projects 1,200 million yen / Valuation loss on investment securities: unlisted shares of Gosan社 177 million yen |
| Key KPIs | Orders received 6,509 million yen, Order backlog 7,421 million yen, Expected average annual revenue growth rate 12 %, Expected revenue share excluding First Solar 70～75 |
| Medium-term management plan targets | Average annual sales growth rate 10% or higher / Sales ratio excluding FS社 At least 60% / Gross Profit Margin Maintain approximately 30% / Investment amount Approximately ¥4 billion over 5 years / Payout ratio 25% (minimum DOE of 2%) / Target fiscal year FY2031 |
| Financial targets | ROE FY2031: 14.5%; five-year average: 10.9% |
| Annual Dividend | Fiscal year ending August 2026 End of period ¥10 per share / Forecast for the fiscal year ending August 2027 Annual ¥11 per share |
| Payout ratio | 25%; minimum DOE of 2% |
| Acquisition of treasury shares | Amount Approximately ¥500 million / Number of shares Equivalent to approximately 3.2% of total shares outstanding / Period Not disclosed |
| Orders received and order backlog | Orders received 6,509 million yen / Order backlog 7,421 million yen |
| Market Size / Share | Japanese government target for domestic perovskite production capacity 1 GW as of 2030 / Total information disclosed by each company Approximately 3 GW / Projected perovskite sales over the next 5 years Domestic ¥16 billion / Overseas expansion ¥11 billion / Projected sales of solar panel recycling equipment over the next 5 years Domestic ¥8.5 billion / Overseas expansion ¥1.5 billion |
| New initiatives | Strengthen the provision and development of inkjet coating equipment for perovskite solar cells, Rollout of new solar panel recycling equipment (broken glass separation equipment), Expand the standard product lineup, Investments, including M&A of peer automated machinery manufacturers and metalworking-related companies, Capital investment in the Matsuyama Plant |
Items this document does not state (11)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookCapital 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 declined due to schedule delays for large domestic projects, the postponement of modification projects for First Solar, and delays in orders for solar panel recycling equipment. Meanwhile, the gross profit margin improved through reductions in material costs from global procurement, bulk ordering and reviews of equipment specifications, as well as high-margin relocation and modification projects.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.